KUWAIT, March 20 (KUNA) -- Kuwait Fund for Arab Economic Development (KFAED) signed, on Tuesday, an agreement of KD four million (USD 13.6 million) to fund a road project in Rwanda to boost local and international trade.

The project aims at promoting economic and social development in the northwest region of Rwanda.

The project will be implemented in the first half of 2012 and will be finished in the second half of 2015.

Rwanda's Minister of Finance and Economic Planning John Rwangombwa signed the load contract on behalf of his government; while KFAED Vice President Ghanim Al-Ghunaiman signed the contract on behalf of the fund.

This loan will be the eighth offered by KFAED to Rwanda.