The Fund’s Board of Directors held its 1st
Session for the year 2012 on Monday, March 5, 2012.The Board considered at its session the
Minutes of its 3rd Session of the Board for the year 2011 held on
October 31, 2011 and authenticated on November 29, 2011.
The Board
also approved the Minutes of the 1st Session for the year 2012 of
the Board’s Loan Committee held on March 1, 2012 and its recommendation to
consider, in principle, the Fund’s programme of operations for the Financial
Year 2012/2013 which includes the following projects:
1.
Republic of Lebanon
:
(a)
Hydro Agricultural Development of South Lebanon – Irrigation and Water
Supply Scheme Conveyor 800
(b)
Potable Water in
Zehla and its Outskirts Project
(c)
Plan for Power Sector Development Projects
2.
Islamic Republic of Mauritania
:
(a)
Mauritania Sugar Project
(b)
The
Second Lot of the “Nema-Banko-Basekno –Fasaleh Transport Corridor Project
3.
Republic of Sudan
:
Eastern Provinces Electricity Project
4.
Republic of Mongolia
:
Shorin Power Station Project
5.
Republic of Nepal
:
Bodi
– Ganga Hydro Electrical Station Project.
6.
The Democratic People’s Republic of
Korea (N.Korea)
:
Pyongyang
– PyongsongRoad Project
7.
Republic of Togo
:
Keblimi
– Etkbami Road Project
8.
Republic of Sierra Leone
:
Matotoka
– Sefado Road Project
9.
Republic of Liberia
:
Rehabilitation of Greenville Port
Project
10.
Republic of Mozambique
:
Rural Electricity in Niassa Province
Project
11.
The Republic of Argentina
:
North East (2) Aqueduct System-Santa Fe Province –
First Stage
- 2 -
The
Board also considered the Minutes of the 3rd Session of the Board’s
Investment Committee for the year 2011 held on November 20, 2011, and the 1st
Session of the Board’s Investment Committee for the year 2012 held on February
23, 2012 and the Minutes of Meeting of the 2nd, 3rd and 4th
Sessions for the year 2011, and the Minutes of Meeting of the 1st
and 2nd Session of the year 2012 of the Board’s Internal Audit
Committee held respectively onMay 29,
2011, November 28,2011, December 7, 2011, January 2, 2012 and January 31,
2012.
The Board also
in its Session approved the following:
(1)ASecond Loan in the
amount of 5 million Kuwaiti Dinars for financing the Dakar Northern Slip Road (Section 3) in the Republic of Senegal and the Amendment of the Loan
Agreement signed on July 13, 2005.
(2)A Loan in the amount of 4 million Kuwaiti Dinars for
financing the Rubengera - Gasiza Road Project
in the Republic of Rwanda.
(3)A Loan in the amount of 14 million Kuwaiti Dinars for
financing the Lebukhali Bridge Project in the People’s Republic of
Bangladesh.
(4)A Loan in the amount of 7.5 million Kuwaiti Dinars for the Rehabilitation of Water Network and Sewerage in Havana
Project in the Republic of Cuba
(5)A Loan in the amount of 13.5
million Kuwait Dinars for the 2 Sewage Systems in
Marjayoun – Alkhyam and Shaqra Project in the Republic of Lebanon.
(6)Technical Assistance in the amount of 600,000 Kuwaiti Dinars
for the preparation of 2 Technical and Economic Feasibility Studies of
Railway Projects in the
Arab Republic of Egypt.
(7)A Technical Assistance in the amount of 200,000 Kuwaiti
Dinars for the preparation of Technical and Economic
Feasibility Studies and the Preliminary design for the Ketou-Igbodja-Save Road
Project in the Republic of Benin
(8)A Grant in the amount of 1.05 million US Dollars for
financing the operations of the Roll Back Malaria Partnership
Programme for the years
2012 - 2015.
(9)Cancellation of Akieni-Okondja Road Improvement Project in the Gabonese
Republic.
(10)Renewing the Contracts of the 2 External Auditors for the
fiscal year of 2011/2012.
(11)The Fund’s contribution in The
Heavily Indebted Poor Countries (HIPC) Initiative for the Republic of
Guinea-Bissau.
