Internal Bulletin 6 - 25/12/2013
The Fund's Board of Directors held its 6th Session for the year 2013 on Wednesday, December 25, 2013. The Board perused in this Session the Minutes of the 5th 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 2nd Session for the year 2013 of the Board's Investment Committee held on November 25, 2013 and also the Minutes of the 6th 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.