VOL. XL
No. 51/52
22/29-December-1997
LEBANON
AFESD Lends Lebanon $76Mn
Under an agreement signed on 16 December, the Arab Fund for Economic and SocialDevelopment (AFESD) will lend KD23mn ($75.7mn) to the Lebanese Government to help financestate-run university projects. The loan carries interest at 4.5% and is repayable over 22years, including a grace period of five years. Since 1990 AFESD has lent Lebanon a totalof KD152mn ($500mn).
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