VOL XXX

NO. 8

1-DECEMBER-1986

Financial andBanking News

AID FLOWS

AFESD Lends Jordan $5mn for Agricultural Project

The Arab Fund for Economic and Social Development (AFESD) will lend JordanKD1.5mn ($5mn) to part-finance the Ruwaishad agricultural and livestock projectunder an agreement signed on 23 November. The loan is repayable over 18 years,including a five-year grace period, and carries a 6% annual interest. Theproject, to be completed in 1990, is intended to complement the joint effort by...