The Fund's Board of Directors held its 1^st Session for the year 2013 on Sunday, February 17, 2013.  The Board considered at its session the Minutes of the 3^rd Session of the Board for the year 2012, held on October 22, 2012 and authenticated on November 11, 2012.  The Board also considered the Minutes of Meeting of the 4^th Session of the Board's Investment Committee for the year 2012 held on December 23, 2012 and the Minutes of Meeting of the 7^th Session for the year 2012 of the Board's Internal Audit Committee, held on November 20, 2012, including the 5^thReports of the Committee.

The Board also approved in its Session the following:

 A Loan in the amount of 5 million Kuwaiti Dinars for financing the Ngouri - Bol Road Project in the Republic of Chad.

A Loan in the amount of 5.88 million Kuwaiti Dinars for financing the Bouna-Doropo-Burkina Faso Border Road Project in the Republic of Cote d'Ivoire.

A Loan in the amount of 4 million Kuwaiti Dinars for financing theReconstruction of the Matotoka – Sefadu Road Project in the Republic of Sierra Leone.

A Loan in the amount of 3.4 million Kuwait Dinars for financing the Kpalime – Adagali – Atakpame Road Project in the Republic of Togo.

A Loan in the amount of 5 million Kuwait Dinars for financing the Budhi Ganga Hydropower Project in Nepal.

Utilization of the surplus in Grant No. (267) for the Reconstruction and Equipping of the Secondary Girls School in the city of Hamad instead of the Construction and Equipping of the Health Center in Halet Abu Maher in the Kingdom of Bahrain.

Contribution of the Fund within the Framework of the HIPC Initiative to reduce the burden of debt owed to the Fund by the Democratic Republic of Congo.