VOL. XLVII

No 03

19-January-2004

AID

AFESD Signs $102Mn Loan Agreement With Egypt

The Arab Fund for Economic and Social Development (AFESD) on 13 January signed a loan agreement for KD30mn ($101.7mn) with Egypt. The loan will help finance phase two of a project to supply drinking water to a number of villages in 13 provinces. The project includes the drilling of wells, construction of treatment plants, laying of pipelines and supply of technical services. The loan carries interest at 3% and is...