VOL. XLV

No 4

28-January-2002

KUWAIT

KuwaitFund Providing $65Mn Loan For Lebanon痴 Litani Water Project

TheKuwait Fund for Arab Economic Development (KFAED) signed an agreement on 15January with Lebanon to provide a KD20mn ($65mn) loan to assist in thefinancing of the Litani irrigation and drinking water project. The loan痴duration is 25 years, including a grace period of seven years, and will beamortized in 36 semi-annual installments, with the first falling due after thegrace period. KFAED said...