Thursday, February 09, 2006

International Development: Arab Fund for Economic and Social Development signs $47.0 million loan agreement with Bahrain

The Arab Fund for Economic and Social Development (AFSED), has signed a $47.9 million loan agreement with the government of Bahrain, to finance renovation of power plants in the Kingdom.

AFSED has now granted loans of over $749.9 million to Bahrain.