The Fund's Board of Directors held its 6^th Session for the year 2013 on Wednesday, December 25, 2013.  The Board perused in this Session the Minutes of the 5^th Session of the Board for the year 2013, held on October 27, 2013, which had been approved on December 4, 2013.  The Board also perused the Minutes of the 2^nd Session for the year 2013 of the Board's Investment Committee held on November 25, 2013 and also the Minutes of the 6^th Session for the year 2013 of the Board's Internal Audit Committee held on November 20, 2013.  The Board also took note of His Highness Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah, the Amir of the State of Kuwait's initiative for enhancing the Arab-African Cooperation.

The Board approved in this Session the following:

Renewal of the External Auditors contracts of the Fund's accounts for the year 2013/2014.

a Loan in the amount of 13.5 million Kuwaiti Dinars for financing the Establishment and Equipping of Integrated Laboratories Project in the Mining Sector in the Republic of Sudan.

a Loan in the amount of 17.6 million Kuwaiti Dinars for financing the Construction and Equipping of the Community Collages Project in the Republic of  Yemen.

a Technical Assistance in the amount of 300,000/- Kuwaiti Dinars for financing the Preparation of a Technical and Economic Feasibility Study, Detailed Design and Tender Documents for the Zagnanado-Paouignan and the Ouegbo-Agbangnizoun Roads Project in the Republic of Benin.

cancellation of the Board's Decision No. (7) of the year 2012 approving a Technical Assistance for the preparation of a Technical and Economic Feasibility Study and the Preliminary design for the Ketou-Idigny-Save Road Project in the Republic of Benin.