Middle East Economic Survey

VOL. LII

No 7

16-Feb-2009

syria

AFESD Signs Three Loan Agreements With Syria Totaling $257Mn

The Kuwait-based Arab Fund for Economic and Social Development (AFESD) will lend Syria a total of KD71mn ($257.4mn) under three agreements signed on 11 February. The first for KD10mn ($36.3mn) will be used to finance the third phase of the Arab Gas Pipeline (AGP), the second for KD45mn ($163.1mn) will partly finance the expansion of the Dair 'Ali power generation...