This became known after the talks of the KFAED
regional manager for Central Asia and Europe, Fawaz al-Adsani, and the ambassador of Uzbekistan in Kuwait, Bakhromjon Aloev.
Director-General Abdelwahab Al-Badr said the loan, granted on preferential terms at a 2% interest rate, will be repaid over 25 years.
stated this agreement marks its 30 th loan to the African country, with the total amount of its financial support to Senegal equalling $374m (KWD110m).
has financed in the past three decades 33 projects in Tunisia for a total of 172.975 million Kuwaiti dinars (1.159 billion Tunisian dinars).
Egypt and KFAED
have had long and strong ties since 1964, with Egypt receiving a total of 40 loans in financial aid from KFAED
Under the first agreement, the KFAED
grants $52 million to finance the 4th phase of public works project aiming to enhance efforts to combat poverty and unemployment and improve standards of living through carrying out labor-intensive projects and small enterprises and creating job opportunities in fields of basic services and agriculture.
is managing a $2.5 billion aid provided by Kuwait to Bahrain within the Gulf Development Programme.
The Kuwait Fund for Arab Economic Development (KFAED
), commonly known as the Kuwait Fund, is the State of Kuwait's agency for the provision and administration of financial and technical assistance to developing countries.
had extended to Morocco an overall 34 loans worth an overall KD 344.9 million to date, which comes to about USD 1.172 billion.Aa
Sudanese Ministry of Finance sign agreement to finance power plant project with (KFAED
) KHARTOUM, March 15 (KUNA) - Sudanese Ministry of Finance signed an agreement to finance a power plant project in Al-Fulah, West Kordofan, with Kuwait Fund for Arab Economic Development (KFAED
) for KD 25 million (USD 82 million).