Financial and Banking News
AID FLOWS
KFAED Lends $48.18bn to Sudan
The Kuwait Fund for Arab Economic Development (KFAED) has agreed to provide two loans worth $48.18mn to Sudan to help improve the country's electricity grid and to rehabilitate the agricultural sector, according to agreements signed in Khartoum on 3 June. The first loan, for $34.91mn, will be used for a new project designed to provide an adequate electricity supply for domestic and industrial use. The second...
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