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FinancialNews
20-02-19
Kuwaiti fund offers Bosnia and Herzegovina USD39.44m loan
(MENAFN) Kuwait Fund for Arab Economic Development (KFAED) secured with Bosnia and Herzegovina an USD39.44 million loan deal which will be directed towards a road construction initiative.
According to KFAED, the purpose behind the project is easing traffic on the road through transportation between Bosnia and Herzegovina.
Kuwait's fund affirmed in a statement that this loan agreement is the fifth of its kind for the country to provide to the southeastern European country.
KFAED offered Bosnia and Herzegovina in the past a couple of grants for its water and sewage project and for its transport project.
MENAFN2002201900450000ID1098144640
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