The Fund’s Board of Directors held its 2^nd Session for the year 2011 on Monday, 30/05/2011.  The Board perused at its session the Minutes of it’s 1^st Session of the Board for the year 2011 held on 20/03/2011 and authenticated on 30/03/2011. The Board also perused the Minutes of the  2^nd Session for the year 2011 for the Board’s Internal Audit Committee held on 29/11/2011

The Board approved in its Session the following:

1-Final account and report of the auditors for the fiscal year ended on March 31, 2011.

2-A Loan in the amount of 30 million K.D. to finance the Jibrin – Abri Road project in the Sultanate of Oman.

3-A Loan in the amount of 11 million K.D. to finance the Drinking Water Distribution Network Project in Nouakchott in the Islamic Republic of Mauritania.

4-A Supplementary Loan in the amount of 1.450 million K.D. to finance the establishment of two institutes for the Agricultural Science and Technology in the provinces of Manica and Gaza and amend the Loan Agreement No. (730), signed on 10/10/2006 in the Republic of Mozambique.

5-A proposal to grant end of service bonus to the Kuwaiti employees of the Fund.