VOL. XLIV

No. 05

29-January-2001

LEBANON

Arab Funds Offer Financial Support To Lebanese Water Projects And Currency

The Kuwaiti Government and the Arab Fund for Economic and Social Development (AFESD) announced on 21 January that they will finance the majority of a $500mn water and electricity project in Lebanon. According to Lebanese Prime Minister Rafiq al-Hariri, the Kuwait Fund for Arab Economic Development (KFAED), the governments bilateral aid organization, and the Kuwait-based AFESD will...