The Fund Board of Directors held its 2nd Session for the year 2002 on Saturday, 04 May, 2002. The Board approved the following at its session:
Minutes of it’s 1st session held on Sunday, 10th March, 2002.
A loan of K.D. 4.5 million to finance the Baku Bypass Highway Project in the Azerbaijan Republic.
A loan of K.D. 12.5 million to finance the Raouz Dam, Kingdom of Morocco.
A loan of KD 2.5 million for the Castries – Choc Bay Junction Highway Improvement project Road in Saint. Lucia.
A loan of KD 2.5 million for the E.T. Joshua Airport Improvement Project in Saint Vincent and the Grenadines.
A loan of KD 5.35 million for the Khasab Port Development Project in the Sultanate of Oman.
A Supplementary Loan of KD 1.0 million for the Rehabilitation of Fass Mbao - Diam Niadio Road Project and amending Loan Agreement No. (531) signed on 10th November, 1997 in the Republic of Senegal.
Amendment of the Project Description and Amortization Schedule in the Loan Agreement No. (536) signed on 24th March 1998 for the Bahrain Development Bank Program (1998 – 2001) in the Kingdom of Bahrain.
Amendment of the Amortization Schedule in the Loan Agreement No. (516) signed on 30th April, 1997 for the Financing Facility for the bank “B.O.R” in Bosnia & Herzegovina.
Technical Assistance of KD 75,000 for Tadjourah – Obock Road, Republic of Djibouti.
Financing, in principle, financing the Nobaria Power Station in the Arab Republic of Egypt.
The Fund’s contribution for Debt Relief to the Republic of Guinea-Bissau, within the framework of the enhanced HIPC Initiative.
The Fund’s contribution for Debt Relief to the Republic of Mozambique within the framework of the enhanced HIPC Initiative.
The proposed rules for regulating the investments of the Kuwait Fund
The financial arrangement for the arrears of the Kuwait Fund Loans due on the Hashemite Kingdom of Jordan.
The Board was informed of the Arab Contest to be conducted through M.B.C.