(MENAFN- Kuwait News Agency (KUNA)) Kuwait Fund for Arab Economic Development has signed an accord with the Comoros to grant it USD two million for funding very small projects in agricultural sector.
KFAED, in a statement on Tuesday, said the agreement was in line with the initiative of HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah of establishing a special fund for aiding Muslim nations for securing food.
HH the Amir declared the initiative during the international Islamic conference, held in Kuwait, between April 29 and May 2, 2009.
The agreement was recently signed by KFAED General Director Abdul Wahab Al-Bader and officials of the ComorOs in the country's capital, Moroni.
This is the fourth government grant for the Comoros since 1981. The first grant, KD 15 million, was allocated for hospitals and Islamic institutions, the second, KD 500,000, for ports renovation, and the third, euro 1.5 million (approx. KD 350,000), for construction of a multi-purpose complex.
KFAED has also offered the Comoros technical aid, worth KD 732,000 and USD 32 million worth of funding for transport and communication sector.
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