VOL. XLII

No 45

8-November-1999

SYRIA

Syria Top Beneficiary Of Kuwait Fund

Syria has received more loans from the Kuwait Fund for ArabEconomic Development (KFAED) than any other developing country, according to arecent report issued by KFAED (see table below). The report, which highlightsthe activities of the fund from its inception in January 1962 to June 1999,shows that Syria has to date received over $1bn, accounting for 5.3% of totalKFAED loans and almost 20% of loans to the Arab world. Loans...