African Diplomatic Delegation Inspects Kuwait Fund Activities

- $3.98 billion in Kuwait Fund financing for 42 African countries

- 17.7 percent of the Fund’s operations are concentrated in Africa

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

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

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

Economic specialist Rawa Al-Murshid outlined the Fund’s operational mechanisms and financial operations, focusing 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 exchanging expertise.

It is worth noting that African countries account for 17.7 percent 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.