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CHAMPION OF THE DAY
$25 million from Kuwaiti Fund for refugee host communities
The Council for Development and Reconstruction (CDR) signed two loan and grant agreements with the Kuwaiti Fund for Arab Economic Development (KFAED) for the purpose to carry out public works.
The $25 million grant will be dedicated to communities that are hosting Syrian refugees. The funds will be used to execute health, water, wastewater, and municipal capacity building projects.
Nabil Jisr, Chairman of the CDR, said: “These projects help host communities face the social and economic burdens and the pressure exerted on the infrastructure resulting from the presence of Syrian refugees.”
This is the third grant by Kuwait in support of host communities, bringing the total aid to $82 million.
The second agreement is for a loan valued at $60 million. The funds will be used for the development of wastewater networks between Saida, Tyre, and Nabatieh. It is the last group of new wastewater networks across the country that required funding.
Reported by Yassmine Alieh
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Dec 15, 2016
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