The grant, signed by KFAED Director General Abdulwahhab Al-Bader and Planning and International Cooperation Minister Mohammad Al-Saadi, is a contribution by the Fund to the financing of the Ministry's project to build the administrative and technical capacities of its personnel in such areas as development of financial policies, economic reforms and good governance programs, according to a statement by the Fund.

The MoU was signed on the sidelines of the meetings of the heads of Arab financial institutions in Tunisia.