KFAED and Children’s Cancer Center ink $2 million deal

Kuwait: The Kuwait Fund for Arab Economic Development (KFAED) signed on Thursday a fifth grant agreement with the Children’s Cancer Center in Lebanon worth two million dollars to contribute to the treatment of Syrian refugee children with cancer there. The Fund announced in a press release that the grant aims to provide medical care to Syrian children with cancer in Lebanon by funding treatment services, including diagnosing sick children, conducting laboratory tests, radiology and biopsy analysis.

The grant also aims to cover the costs of radiotherapy, medicines, bone marrow transplantation and limb rescue surgery, in addition to covering surgeries for the removal of cancerous tumors, providing them with palliative treatment, and contributing to medical procedures to alleviate the pain of children with the disease.

The agreement was signed by the Acting Director General of KFAED Waleed Al-Bahar and the Chairman of the Board of Trustees and Executive Board of the Children’s Cancer Center Joseph Osaily. It is noteworthy that the Kuwait Fund for Arab Economic Development aims to assist developing countries in financing their development projects.

As of 2023, the fund contributed to financing projects in about 105 countries around the world since its establishment more than 62 years ago, including 16 Arab countries, 42 African countries, 19 countries in East and South Asia and the Pacific, 17 countries in Central Asia and Europe, and 13 countries in Latin America and the Caribbean. The fund provided 1,012 soft loans to the governments of these countries, worth about KD 6.8 billion.