Loans and Grants Approved by the Arab Fund in 2023
- News
The Fund also approved 21 grants, having a total amount of KD 13.7 million, benefiting several Arab countries, 14 grants, having a total amount of KD 4.6 million, to help finance various Inter-Arab projects, and appropriated KD 10 million to the 21st Phase of the Urgent Program to support the Palestinian people.
Most significant, among these grants, are 3 emergency grants, for KD 3 million each. These grants contributed to the rescue and relief of the Syrian residents affected by the recent earthquake in Syria, the Moroccan residents affected by the recent earthquake in Morocco, and the Libyan residents affected by the recent hurricane.
The grants extended during the year included 9 trust funds, having total value of KD 3.8 million, that were extended in previous years, but were converted to grants this year.