Liberia: Government, Kuwaiti Fund Sign US$20M Loan Agreement - News Summed Up

Liberia: Government, Kuwaiti Fund Sign US$20M Loan Agreement


Kuwaiti Fund for ARAB Economic Development and the Government of Liberia Signing a Loan AgreementMONROVIA – The Government of Liberia through the Ministry of Finance and Development Planning, and the Kuwaiti Fund for Arab Economic Development have signed another loan agreement in the amount of Six Million Kuwaiti dena (KWD 6,000,000.00), approximately Twenty-million United States dollars (US$20,000.000.00). Flomo thanked the Kuwaiti Fund with an adage that says “In times of need, those who come to you are your friends”, adding also that the Fund has helped government to achieve its Pro Poor Agenda. He said the government of Liberia was glad for the gesture and expressed optimism for more intervention for Liberia development. For his part, Nedhal A. Alolayan, Deputy Director General for Finance and Administration of Kuwaiti Fund for Arab Economic Development expressed hope that the project will contribute positively to the social and economic development of Liberia. He assured the Kuwaiti Fund delegation of government’s implementing the project within the specify time-frame, by ensuring value for money.


Source: Front Page Africa March 14, 2019 22:18 UTC



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