Financial and Banking News

AID FLOWS

AFESD Lends $49mn to Tunisia 

Under an agreement signed on 31 January, the Arab Fund for Economic and Social Development (AFESD) will extend a TD37.8mn ($49.3mn) to Tunisia to help finance rural development projects. The loan is repayable in 18 years, including a fiveyear grace period, and carries a 6% interest rate.