VOL. XXXIX

No. 39

24-June-1996

LEBANON

More Aid To Lebanon

The Arab Fund for Economic and Social Development (AFESD) will lend Lebanon KD13.5mn ($45mn) to help finance the reconstruction of infrastructure damaged by Israel's military attacks on Lebanon last April. The loan agreement, signed on 17 June, carries annual interest at 3% and will be repaid in 25 years including a six-year grace period.

Lebanon will also receive $119mn from Japan to finance water and sewage projects, under a...