VOL. XLII

No. 23

7-June-1999

SYRIA

AFESD Lends KD30Mn To Syria For Telecoms Development

The Arab Fund for Economic and Social Development (AFESD)has approved a KD30mn ($9.2mn) to Syria for the development oftelecommunications within the country. The loan was signed in Damascus on 31May by AFESD痴 Director-General, Mr. 'Abd al-Latif al-Hamad, and Syria痴 StateMinister for Planning Affairs, Dr. 'Abd al-Rahim al-Subay'i.