Kuwait Fund for Arab Economic Development Presents Its Development Experience to an African Diplomatic Delegation

The Kuwait Fund for Arab Economic Development hosted a diplomatic delegation comprising representatives from South Africa, Senegal, Kenya, Ethiopia, and Nigeria at its headquarters yesterday morning, as part of the delegation’s visit to Kuwait, which was organized at the invitation of the Saud Al-Nasser Al-Sabah Diplomatic Institute.

In a press statement, the Fund said the visit aimed to familiarize the delegation with the nature of the Fund’s work and its role in supporting economic and social development in developing countries, as well as to review its key activities and development contributions, particularly in Africa.

Thamer Al-Filakawi, Director of the Operations Department at the Fund, presented an introductory overview covering the Fund’s history since its establishment and its major development achievements, highlighting its role in supporting development efforts and international cooperation.

Roya Al-Murshid, an economist and specialist, outlined the Fund’s operational mechanisms and financing operations, with a focus on its activities and contributions to financing development projects in African countries.

For his part, the delegation expressed its appreciation for the warm reception and the information provided, commending the Fund’s efforts in supporting development and emphasizing the importance of such visits in enhancing knowledge of the role of development institutions and facilitating the exchange of expertise.

Notably, African countries account for 17.7% of the Fund’s operations, making it the Fund’s second-largest operational region. Forty-two African countries have benefited from 342 loans totaling approximately $3.98 billion.