VOL. XLVII

No 12

22-March-2004

TUNISIA

AID

AFESD Lends Tunisia $41Mn For Sarat Dam Project

The Arab Fund for Economic and Social Development (AFESD) has lent Tunisia KD12mn ($41mn) to help finance the Sarat dam project. The loan carries an interest rate of 4.5% over 22 years including a six-year grace period. The loan brings total AFESD lending toTunisia to KD457mn ($1,548mn).