Financial and Banking New

AID FLOWS

AFESD Lends $229bn in 1986

The Arab Fund for Economic and Social Development CAFESD) provided a total of 19 loans worth KD 66.90mn ($228.8mn at an exchange rate of 1KD=$3.42) in 1986, according to the latest annual report of the Fund, a decrease of 25.7% over 1985 (MEES, 26 May 1986). Around 57% of the loans went to the least-developed Arab countries. AFESD also provided 27 technical assistance grants worth a total of KD3.339mn ($11.42mn).

The majority...