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Board Meetings
Internal Bulletin 1 – 05/03/2012
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 |
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| (b) | Potable Water in Zehla and its Outskirts Project |
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| (c) | Plan for Power Sector Development Projects
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| 2. | Islamic Republic of Mauritania | (a) | Mauritania Sugar Project |
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| (b) | The Second Lot of the "Nema-Banko-Basekno –Fasaleh Transport Corridor Project
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| 3. | Republic of Sudan | Eastern Provinces Electricity Project | |
| 4. | Republic of Mongolia | Shorin Power Station Project
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| 5. | Republic of Nepal | Bodi – Ganga Hydro Electrical Station Project.
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| 6. | The Democratic People's Republic of Korea (N.Korea)
| Pyongyang – Pyongsong Road Project | |
| 7. | Republic of Togo | Keblimi – Etkbami Road Project
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| 8. | Republic of Sierra Leone | Matotoka – Sefado Road Project
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| 9. | Republic of Liberia | Rehabilitation of Greenville Port Project
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| 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 | |
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, 3rdand 4th Sessions for the year 2011, and the Minutes of Meeting of the 1stand 2nd Session of the year 2012 of the Board's Internal Audit Committee held respectively on May 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) A Second 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 theRubengera - Gasiza Road Project in the Republic of Rwanda.
(3)A Loan in the amount of 14 million Kuwaiti Dinars for financing theLebukhali Bridge Project in the People's Republic of Bangladesh.
(4) A Loan in the amount of 7.5 million Kuwaiti Dinars for theRehabilitation 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.
