Kuwaiti for Development Participates in the Opening of the Banga Slayeh Road Project in Liberia

The Kuwait Fund for Arab Economic Development participated today in the inauguration of the Banga-Salieh road development project in Liberia, as well as in the groundbreaking ceremony for the Salieh-Konia road project, as part of its ongoing efforts to support infrastructure projects and promote sustainable economic and social development in friendly countries.

President of Liberia, Joseph Boakai, stated in a speech conveyed by a statement from the Kuwait Fund, that these investments build far more than just roads, as they create opportunities for farmers, traders, students, businesses, and families, while also connecting communities, expanding economic opportunities, and improving the quality of life for the Liberian people.

He expressed his sincere appreciation, on behalf of the government and people of Liberia, to the Kuwait Fund for its steadfast friendship and confidence in Liberia.

For his part, Thamer Al-Filakawi, Director of the Operations Department at the Fund, said in a similar speech that the project represents an important milestone in the cooperation process between the Fund, the Liberian government, and participating financing institutions.

He noted that the 81-kilometer road project aims to improve Liberia’s road network, reduce travel time and transportation costs, and enhance access to markets and essential services, thereby contributing to supporting the economic and social development of communities along the road.

He clarified that the Fund contributed to financing the project through a loan for which an agreement was signed in 2016, valued at 5 million Kuwaiti dinars, as part of a joint financing effort involving the Liberian government, the Arab Bank for Economic Development in Africa, the Saudi Fund for Development, the OPEC Fund for International Development, and the Abu Dhabi Fund for Development.