A memorandum of understanding Framework Signed between Kuwait Fund for Arab Economic Development and the Reconstruction Fund of Areas Affected by Terroristic Operations

A memorandum of understanding Framework was signed today in Kuwait between Kuwait Fund for Arab Economic Development and the Reconstruction Fund of Areas Affected by Terroristic Operations in Iraq to manage the grant of the Government of Kuwait to support the health sector in the areas affected by terrorist operations in the Republic of Iraq which valued 100 million US dollars 30.6 million KD.

The memorandum of understanding Framework was signed, on behalf of the Reconstruction Fund of Areas Affected by Terroristic Operations by HE Dr. Mustafa Mohamed Amin Al-Hiti, President of the Fund, while on behalf of the Kuwait Fund for Arab Economic Development, Mr. Ghanim Sulaiman Al-Ghunaiman, Deputy Director General.

The grant aims to contribute in the rehabilitation and construction of health sector facilities in the areas affected by terrorist operations in the Republic of Iraq to support the health care of the residents of these areas and to provide the conditions for the return of displaced persons, including an urgent program to support the sector, In addition to the studies required in preparation for the donors conference to contribute in the reconstruction of the affected areas in Iraq that will be held in Kuwait.

The Government of Kuwait has already provided three grants with a total value of about 200 million US dollars, about 57 million KD for education and health reconstruction, entrusted to the Kuwait Fund to manage it. The Fund also provided the Republic of Iraq with two loans in the electricity and industrial sectors, totaling about 21 million US dollars, about 6 million KD.