VOL. XL No. 2019-May-1997


AFESD Extends Loan Of $500Mn To Syria

The Arab Fund for Social and Economic Development (AFESD) will lend Syria $500mnto finance six projects in the electricity, irrigation, agriculture and oilsectors, Syrian Economy Minister Muhammad 'Imadi said in Damascus on 14 May. Headded that Syria received KD358.5mn ($1.2bn) from AFESD between 1974 and 1996.