(MENAFN- Kuwait News Agency (KUNA)) The Kuwait Fund for Arab Economic Development (KFAED) has signed a grant agreement with Mali to finance several small-sized agricultural projects worth USD 5 million, it said here Sunday.
The grant is to be dispensed through its branch in Mali and is aimed at achieving food security and increasing food production through the provision of loans to finance small and micro enterprises in the field of food production, the fund said in a statement.
The agreement was signed by Mali's Minister of Finance Tina Kalopala and Deputy Director-General of the Kuwaiti state fund Ghanim al-Ghunaymaan, added the statement.
This is the second grant agreement the KFAED has thus far signed with the government of Mali, the earlier of which is worth USD 2.4 million.
It has also provided the west African nation with 10 loans worth USD 160.5 million and technical assistance for an economic feasibility study worth USD 2.7 million.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.