Also found in: Financial.
KFAEDKuwait Fund for Arab Economic Development
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KFAED 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).
C'est aussi le 39 eme pret accorde par KFAED a la Tunisie
KFAED has financed in the past three decades 33 projects in Tunisia for a total of 172.
As per a cabinet statement the cabinet granted approval to the presidential decree regarding the loan agreement between Egypt and KFAED.
It includes building a supply and treatment system on the Michio river, 30 km south of the town in Tigray region, KFAED added.
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.
The KFAED director and his accompanying delegation briefed Jumblatt on projects currently being implemented by the fund in Lebanon, especially in the Mountain area.
KFAED had extended to Morocco an overall 34 loans worth an overall KD 344.
The KFAED loans will cover approximately 18% of the total cost of the project, or about 32% of the foreign exchange.
KFAED said in a statement that KFAED and Mauritania's Deposit and Development Fund, which will undertake the Project, also signed another agreement on arrangements for implementation of the project.
The grant's agreements were signed by Minister of Planning and International Cooperation Mohammed al-Sa'adi and KFAED Director General Abdul Wahab al-Badr.