VOL. XLVI
No 18
05-May-2003
EGYPT
AFESD Lends Egypt $200Mn For Electricity And Education Projects
The Arab Fund for Economic and Social Development (AFESD) in Kuwait has signed two loan agreements with Egypt for a total of KD60mn ($200mn) to help finance electricity and education projects in the country. The loans are worth KD30mn ($100mn) each and carry an interest rate of 3% repayable over 25 years. The loan for the electricity sector has a grace period of six years, while the loan for education...
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