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AID FLOW

Kuwait Lends $31mn to India and China 

The Kuwait Fund for Arab Economic Development (KFAED) on 13 February signed two loan agreements with India and the People's Republic of China worth $30.88mn. The $24.02mn loan to India will part-finance the $317mn Kalinadi hydroelectricity scheme. The project includes the construction of three dams and three power stations with a combined capacity of 300 MW. The loan is to be repaid over 21 years,...