VOL. XXXIX

No. 39

24-June-1996

SYRIA

AFESD Lends Syria $197Mn For Power And Agricultural Projects

The Arab Fund for Economic and Social Development (AFESD) has extended to Syria three loans totaling KD59mn ($197mn). The agreements were signed in Damascus on 11 June. Two of the loans are for power projects and the third for agricultural development. The first loan for KD26mn ($87mn) is intended to help finance the Syrian section of a project to interconnect the electricity grids of Syria...