VOL. XLI

No. 26

29-June-1998

SYRIA

New KFAED Loan For Syrian Water Projects

The Kuwait Fund for Arab Economic Development (KFAED) has announced the approval of a$26.2mn loan in support of water projects in Syria. On 21 June, KFAED Director, Mr. BadrMashari al-Humaidi signed an agreement with Syrian Minister of Planning Dr. 'Abd al Rahim al-Siba'i, for a23-year loan, with a five year grace period to be repaid in 38 semi-annual installments.This marks the twenty-third KFAED loan to Syria which...