VOL. XLV
No 13
1-April-2002
LEBANON
AFESD Signs Loan Agreement With Lebanon
The Kuwait-based Arab Fund for Economic and Social Development (AFESD) announced on 25 March that it had signed an agreement with the government of Lebanon for a KD7mn ($22mn) loan to finance the establishment of a control center as part of the national electricity network. According to a statement issued by AFESD, the loan will mature in 22 years, carries a 4.5% interest rate and has a four-year grace period. The loan...
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