AID FLOWS

AFESD Lends $20mn to Tunisian Agricultural Projects

The Arab Fund for Economic and Social Development (AFESD) has agreed to lend KD6mn ($20mn) to Tunisia to help finance irrigation projects, according to an agreement signed on 17 November. The funds will finance projects at Borj al-Tomi, Mater and Sijnan costing $42.5mn, which are expected to be completed at the end of 1988. The loan is at a 6% annual interest rate and is to be repaid over 18 years, including a five-year grace...