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.
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