CAIRO: The Kuwait Fund for Arab Economic Development, on behalf of the Kuwaiti government, signed Sunday two agreements with the Jordanian government to finance two development projects worth a total USD 215 million. According to Kuwait News Agency (KUNA), the two agreements were signed by Jordan's Minister of Planning and International Cooperation and Minister of Tourism and Antiquities Dr. Ibrahim Saif and Director-General of Kuwait Fund for Arab Economic Development (KFAED) Abdulwahab Ahmed Al-Bader. "The grant comes within the framework of the Gulf Cooperation Council resolution in 2011 summit to support development projects in Jordan with USD 5 billion over five-year period," Al-Bader told KUNA. "By these agreements, Kuwait has completed the payment of USD 1.170 billion of its share in the GCC grant to Jordan, estimated at USD 1.250 billion." The remaining USD 80 million will be used to finance railway projects in Jordan," he added. As per the GCC resolution, the Kingdom of Saudi Arabia, the United Arab Emirates, Kuwait and Qatar should pay USD 1.25bn to help the Jordanian government meet its growing financial predicaments. The Kuwaiti government has assigned the KFAED to sign agreements of the grants with the Jordanian government. BN