Kuwait provided a loan to Tajikistan for road repairs
03.04.2018
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loan of 7.5 million Kuwaiti dinars ($25.5 million) was provided by the Kuwait Fund for Arab Economic Development.
The project involves the reconstruction of dilapidated roads stretching over 32 km, as well as the construction of two weighing stations for trucks, Xinhua News Agency reports with reference to the Kuwait News Agency.
The fund expects that the development of the transport infrastructure of Tajikistan will allow accelerate the movement of goods and labor in the country, which will have a beneficial effect on the economic development of the southeastern regions of the republic.
Earlier, the fund allocated four loans to Tajikistan in the amount of 17.2 million dinars ($57 million) for various purposes in framework of overall economic development.
For reference:
The Kuwait Fund for Arab Economic Development (KFAED) was founded in December 1961. Its main goal is to provide financial and economic assistance to Arab countries. In 1974, it was decided to expand the activities of the fund to developing countries outside the Arab East. Today, the fund's activities cover 107 countries, and the total volume of its capital exceeds $12 billion.
The fund expects that the development of the transport infrastructure of Tajikistan will allow accelerate the movement of goods and labor in the country, which will have a beneficial effect on the economic development of the southeastern regions of the republic.
Earlier, the fund allocated four loans to Tajikistan in the amount of 17.2 million dinars ($57 million) for various purposes in framework of overall economic development.
For reference:
The Kuwait Fund for Arab Economic Development (KFAED) was founded in December 1961. Its main goal is to provide financial and economic assistance to Arab countries. In 1974, it was decided to expand the activities of the fund to developing countries outside the Arab East. Today, the fund's activities cover 107 countries, and the total volume of its capital exceeds $12 billion.
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