Financial and Banking News
AID FLOWS
KFAED Lends Sudan and Turkey $60.32mn
The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lend Sudan KD11mn ($39mn) to finance three rural roads with a total length of 144 kms. The loan is repayable in 25 years, including a grace period of three years, and is interest free. KFAED will also lend Turkey KD6mn ($21.32mn) for the financing of potable water and sewerage projects. The loan is repayable in 21 years, including six years of...
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