Financial and Banking News

AID FLOWS

AFESD Lends $6mn for the Syrian-Jordanian Industrial Company 

The Arab Fund for Economic and Social Development (AFESD) has agreed to lend KDl.9mn ($6mn) to the Syrian-Jordanian Industrial Company to help finance a joint pesticide project near Damascus. The Company, jointly owned by the two governments, expects the project to be completed at the end of 1986. The loan is repayable over 15 years, including a four-year grace period, and carries an...