KFAED keeps funding ‘dev projects’ in countries around the world in ’19

Loan agreement worth KD 9 mln signed with China

KUWAIT CITY, Dec 25, (KUNA): Kuwait Fund for Arab Economic Development (KFAED) continued in 2019 its funding of development projects in many countries around the world.

Following are the major contributions of KFAED:

Jan 15: KFAED signed a KD six million (USD 20 million) for the financing of a road project in Belize.

Jan 21: KFAED signed a loan agreement with the People’s Republic of China worth KD nine million (USD 30.6 million) to finance the expansion of the Guiyang II People’s Hospital.

Jan 28: KFAED signed a loan agreement with the republic of Benin worth KD five million (USD 17 million) to finance water supply project.

Jan 31: KFAED signed KD seven million (USD 23 million) loan agreement with Togo to finance a water supply project for Kara City and the surrounding areas.

Feb 11: KFAED signed an agreement with Jordan to provide a grant worth USD six million to meet the educational needs of Syrian refugees in the country. Feb 12: KFAED signed a

loan agreement with Iraq worth KD 25 million (USD 85 million) to support the affected areas in Iraq.

Feb 19: KFAED signed a loan agreement with Burkina Faso worth KD 4.5 million (USD 15.3 million) to finance Tougan-Ouahigouya Road Project.

Feb 19: KFAED signed a loan agreement with Bosnia-Herzegovina worth KD 11.6 million

(about USD 39.44 million) to fund a road construction project.

Feb 21: KFAED provided Nigeria with KD four million loan (USD 13.6 million) to fund a road project.

March 13: KFAED signed a loan agreement with Liberia worth KD six million (USD 20.4 million) to finance the Konia and Voinjama road project.

March 16: KFAED signed a USD six-million grant agreement with Lebanon on behalf of Kuwait Foundation for the Advancement of Sciences to contribute to the of establishing three schools in Zahle, Aarida, and Hadath.

March 16: KFAED signed another grant agreement with Lebanon worth USD two million to contribute to the treatment of Syrian

children refugees with cancer.

March 27: KFAED signed a loan agreement with Chad worth KD three million (USD nine million) to finance a road project.

March 31: KFAED signed a loan agreement with the Republic of Suriname worth KD five million (USD 17 million) to assist in financing the Expansion of Power Generation, Transmission and Distribution Networks Project.

June 2: KFAED signed a USD two million donation agreement with Al-Hussain cancer center for treatment of Syrian refugees.

Sept. 19: KFAED signed a USD three million donation agreement with UNICEF to provide clean water for people in Gaza Strip.

Nov. 10: KFAED signed a loan agreement with Mauritania worth KD 10 million (about USD 33 million), to fund a 140 km long road construction.

Nov. 17: KFAED signed a loan agreement with Sierra Leone worth KD five million, to fund a project on developing marine environment.

Nov. 24: KFAED signed a loan agreement with Egypt worth KD 25 million to fund a road construction project in Sinai.

Nov. 27: KFAED signed a loan agreement with Uzbekistan worth KD nine million to fund a project on infrastructure for houses in rural areas.

Dec. 5: Kuwait Fund signed KD 29.5 million (USD 100 million) loan agreement with Bahrain to finance an electricity grid project.