Financial and Banking News
KFAED Lends $367mn in FY 1983/84
The Kuwait Fund for Arab Economic Development (KFAED) made 24 loans with a total value of KD 111.1mn ($367mn) during FY 1983/84, a drop of 37% from the previous year, according to the Fund's twenty-second annual report. Net lending (loans made minus loan repayments) totaled KD90.7mn ($300mn). Nine loans to Arab countries accounted for 46.3% of KFAED's 1983/84 disbursements, with Asian countries receiving...