Kuwait, Sao Tome and Principe sign agree­ment

KFAED of­fers Gam­bia $17 mil­lion loan

Kuwait Times - - LOCAL -

MALABO: Kuwait yes­ter­day signed an agree­ment with the Demo­cratic Repub­lic of Sao Tome and Principe over a project to fi­nance a hos­pi­tal in the African ar­chi­pel­ago. The agree­ment worth KD 5 mil­lion ($17 mil­lion) was signed by Kuwait’s First Deputy Prime Min­is­ter and For­eign Min­is­ter Sheikh Sabah Al-Khaled AlHa­mad Al-Sabah and Sao Tome and Principe’s Min­is­ter of Econ­omy and Fi­nance Americo d’Oliveira dos Ramos. More­over, both of­fi­cials dis­cussed bi­lat­eral ties in ad­di­tion to is­sues of mu­tual con­cern.

The meet­ing was at­tended by Kuwait’s Deputy Premier, Min­is­ter of Fi­nance and Act­ing Min­is­ter of Oil Anas Al-Saleh, Deputy For­eign Min­is­ter Am­bas­sador Khaled Al-Jar­al­lah, Deputy As­sis­tant For­eign Min­is­ter Am­bas­sador Saleh Al-Loughani, Kuwait’s Amabas­sador to Equa­to­rial Guinea As­sad Al-Ba­har, Kuwait’s Am­bas­sador to Ethiopia Rashid Faleh and other for­eign min­istry of­fi­cials.

Mean­while, the Fund for Arab Eco­nomic De­vel­op­ment (KFAED) has signed a loan agree­ment worth KD 5 mil­lion ($17 mil­lion) with Gam­bia to fi­nance a project for sup­port­ing ba­sic ed­u­ca­tion and se­condary schools in the West African repub­lic, KFAED said yes­ter­day. The agree­ment was signed by Sabah Al-Khaled, on be­half of the fund, and Gam­bia’s Min­is­ter of Fi­nance and Econ­omy Ab­dou Kol­ley, KFAED added in a state­ment. This is the 13th loan the KFAED of­fers to Gam­bia.

The project aims to sup­port so­cial and eco­nomic de­vel­op­ment in Gam­bia, as part of the ef­forts to back the govern­ment’s strate­gic plan for the ed­u­ca­tion sec­tor (2016-2030), through ex­pand­ing and de­vel­op­ing 39 schools in six ed­u­ca­tion di­rec­torates.

KFAED said the project would con­trib­ute to im­prov­ing the out­put of ed­u­ca­tion in the repub­lic, and would also en­hance the sus­tain­able so­cial and eco­nomic de­vel­op­ment. The fund fully de­pends on its own re­sources for the loans and aid it of­fers, it stressed. The pre­vi­ous 12 loans, to­tal­ing about KD 40 mil­lion, ben­e­fited var­i­ous sec­tors in the coun­try, be­sides tech­ni­cal as­sis­tance worth KD 869,000.

Ba­sic ed­u­ca­tion Meet­ings

Sheikh Sabah Al-Khaled also met with Eritrean For­eign Min­is­ter Oth­man Saleh Mo­hamed and Pales­tinian Min­is­ter of For­eign Af­fairs Ri­ayd Al-Ma­liki in Malabo. The meet­ings were held on the side­lines of the Africa-Arab Sum­mit cur­rently hosted by the Repub­lic of Equa­to­rial Guinea. They mainly dis­cussed ways of pro­mot­ing re­la­tions be­tween both friendly na­tions in all fields, to­gether with is­sues and top­ics of mu­tual in­ter­est.

The meet­ings were at­tended by Deputy Prime Min­is­ter, Fi­nance Min­is­ter and Act­ing Oil Min­is­ter Anas Al-Saleh, and Deputy For­eign Min­is­ter Khaled Suleiman Al-Jar­al­lah as well as Di­rec­tor-Gen­eral of Kuwait Fund for Arab Eco­nomic De­vel­op­ment Ab­dul­wa­hab Al-Bader.

Also in at­ten­dance were CEO of Kuwait Public Author­ity for In­vest­ment Bader Mo­ham­mad Al-Saad, Act­ing As­sis­tant For­eign Min­is­ter for Sheikh Sabah Al-Khaled’s Of­fice Af­fairs Am­bas­sador Saleh Al-Loughani, Kuwait’s Am­bas­sador to Gabon and Non-Res­i­dent Am­bas­sador to Equa­to­rial Guinea Asaad AlBa­her, Kuwait’s Am­bas­sador to Ethiopia Rashed Al-Ha­jri and Act­ing As­sis­tant For­eign Min­is­ter for Africa Ha­mad Al-Mashaan.

MALABO: Kuwait’s First Deputy Prime Min­is­ter and For­eign Min­is­ter Sheikh Sabah Al-Khaled Al-Ha­mad Al-Sabah and Min­is­ter of Econ­omy and Fi­nance of Sao Tome and Principe Americo d’Oliveira dos Ramos sign the agree­ment. — KUNA

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