Financial and Banking News


AFESD Lends Sudan $51mn 

The Arab Fund for Economic and Social Development (AFESD), in accordance with an agreement reached by Arab aid institutions on 10 July 1985 to resume economic assistance to Sudan, has agreed to provide four soft loans to Sudan worth KD17.1mn ($51mn) as follows:

- KD9.6mn ($28.8mn) for the improvement of agricultural production in the Gezira area. AFESD has already contributed KD12.4mn ($37.2mn) to this project (in 1984...