Financial and Banking News
KFAED Signs Loan Agreements With Lebanon, Cyprus and Vietnam
The Kuwait Fund for Arab Economic Development (KFAED) has signed three loanagreements with Lebanon, Cyprus and Vietnam. The $15mn loan to Lebanon willhelp finance the rehabilitation of the country's wrecked water system. It isrepayable in 25 years and carries interest at 2% per annum plus 0.5%administrative charges. The signature of the agreement follows a visit last week...