VOL. XXX

NO. 20

23-FEBRUARY-1987

Financial and Banking News

AID FLOWS

KFAED Lends $8mn to South Yemen

The Kuwait Fund for Arab Economic Development (KFAED) on 9 February signed anagreement to lend the People's Democratic Republic of Yemen KD2.25mn ($7.65mn)towards the second stage of a $35mn water supply project in Aden. The KFAED loanis for 25 years, including five years grace, at a 1% p.a. interest rate togetherwith a 0.5% service charge.