Bosnia, Kuwaiti development fund reach accord financing projects

A delegation of the Kuwaiti Fund for Arab Economic Development (KFAED) concluded a five-day visit to Bosnia-Herzegovina on Friday during which talks were held with Bosnian officials on bilateral ties and the fund's contributions to reconstruction of Bosnia's infrastructure.

An official Bosnian statement said the talks between the delegation and Bosnian officials focused on following-up on fund-financed projects, including construction of bridges and repairing drinking water networks.

The two sides agreed in principle on possible KFAED contributions to the financing of new development projects to renovate the infrastructure to try revive the economy and encourage refugees to return to their homeland.

The Kuwaiti Delegation held the talks with top officials, namely Prime Minister Haris Silajdzic.

Total soft loans granted by Kfaed to Bosnia has amounted to 47 million dollars to Finance projects in Sarajevo, Mostar, Cazin and Sarbojek.