No 31



AFESD$48.2Mn Loan To Syria For Power Projects; RuralDevelopment

On 21 July The Arab Fund for Economic and Social Development(AFESD) made available to Syria on 21 July a total of KD14.5mn ($48.2mn) in twoparts of KD9mn ($29.9mn) and KD5.5mn ($18.3mn). The loan is for a period of 22years with a five-year grace period for the first portion of $29.9mn and agrace period of six years for the $18.3mn portion. Both loans carry a rate ofinterest of 4.5%. The first loan...