VOL. XXXIX

No. 1

2-October-1995

KUWAIT

KFAED Extends Soft Loans To Syria, Morocco And Eritrea

The Kuwait Fund for Arab Economic Development (KFAED) announced on 26 September that it will extend soft loans worth a total of KD27.6mn ($92.8mn) to Syria, Morocco and Eritrea, bringing the total loaned by the fund to these three countries to some KD440mn ($1.5bn).

Syria will receive KD10mn ($33.6mn) to help finance a $347mn irrigation and electricity project on the Khabour River. The loan...