Arab Fund provides US $11.5 million loan for Mauritania

The Kuwaiti news agency KUNA reported on Monday that the Arab Fund for Economic and Social Development which has Kuwait as a headquarters has offered a loan of US $11.5 to Mauritania.

The agency explained that the loans will be invested in financing the construction of dams and the implementation of agricultural projects. This fund, established by the Arab League in 1974, offers loans at very low profits for aiding the Arab and Islamic states in financing development projects.