Jordan, Kuwait fund sign loan, grant agreements
Published 23 Sep,2020 via The Jordan Times AMMAN — Jordan and the Kuwait Fund for Arab Economic Development (KFAED) have signed an agreement for two loans and a grant at the fund's headquarters.
Under the agreement, the fund provides Jordan with a loan of 7.4 million Kuwaiti dinars (some $24.4 million) to finance the first phase of the development of the infrastructure of public education project, as well as another loan worth 17.6 million Kuwaiti dinars (some $59.8 million) to finance the first phase of the rehabilitation of roads and bridges project.
The fund also offered Jordan a grant of 400,000 Kuwaiti dinars (some $1.32 million) to finance the technical, economic and environmental feasibility study of the establishment of the Wadi Al Jarm and Fifa valley projects, according to a press release issued by the Jordanian embassy in Kuwait on Tuesday, cited by the Jordan News Agency, Petra.
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