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Suriname And Kuwait Sign US$17 Million Loan Agreement

According to a press release from the Kuwait Fund for Arab Development, on March 31, a loan agreement was signed in Paramaribo between Suriname and Kuwait. The fund will make available a loan of Kuwaiti Dinars (KD) 5 million (equivalent to about US $17 million) to assist in financing the expansion of power generation, transmission and distribution networks project of the country.

 

A project administration agreement relating to the project was also signed between Suriname National Electricity Company (EBS) and the Kuwait Fund. This is the first time that Suriname is receiving a loan from the Kuwait Fund, and it marks the start of closer ties with Kuwait.