Kuwait Fund

Overview

Kuwait Fund For Arab Economic Development is the first institution in the Middle East that took an active role in the international development efforts.

The Kuwait Fund extends Loans on concessionary term to finance development projects in the developing countries. The Fund also provides technical assistance to finance the costs of the feasibility studies of projects, as well as the training of nationals of the borrowing countries. In addition, the Fund subscribes in the capital of international and regional development institutions. Today, the Kuwait Fund forms a solid bridge of friendship and solidarity between the state of Kuwait and the developing nations.

Partnership:

1.The Borrower's country should be a developing country. However, countries whose economies are in transition may be considered as eligible. No geographic, ethnic, religious, caste or cultural barrier restricts benefiting from the Fund's loans and assistances.

2. The request for assistance must be made by the governmental authority responsible for international cooperation and external borrowing.

3. The requesting authority should indicate that the project is a priority project to the government.

4. The project should have a strong public sector element and be of a developmental nature. The Fund's assistance is not limited to a particular sector. The project may be in any of the following sectors: infrastructure, agriculture, irrigation, transport, communications, energy, water supply, sewage treatment, education and health.

 


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NO Comment 1st February 2018

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