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1 million per year, the program seeks to train about 40 engineers and architects a year, by providing in-house training courses, a six-month apprenticeship in an international company abroad, and a local internship in Kuwait. The purpose of the program, as stated by the current
Minister of Foreign
250:, a tiny country, until recently among the poorest places in earth, establishing a development fund in the year of its political independence. While welcoming its new-found prosperity it was declaring a willingness to share its future wealth with its Arab neighbors
268:, in two office buildings, for administration and operations, respectively. Managed as a semi-independent arm of the Kuwaiti government, the Fund maintains sovereignty over its operations, notwithstanding governmental oversight. Originally, the Prime Minister of
213:, the Kuwait Fund was operational shortly after the country’s independence, ensuring that Kuwait’s newly discovered oil wealth was put to benefit neighbors and friends alike. The Fund was created as a message from the Kuwaiti people, ensuring that “
623:
367:
Affairs Sheikh
Mohammad Al-Sabah Al-Salem Al-Sabah, is to train and prepare Kuwaiti engineers and architects for work in the vastly expanding Kuwaiti private sector. A similar program is being held for business students at the
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specifies for development assistance. The State of Kuwait also maintains its support and contributions to the resources of other international development institutions, such as the
351:
Under a new law, the Kuwait Fund is obligated to transfer up to 25% of its net annual income to the Public
Authority for Housing Assistance, as a contribution of its resources.
294:
2000 million, with its range enlarged to include participation in the capital and resources of development institutions and in the equity capital of certain corporate entities.
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chaired the Fund’s Board of
Directors. However, in 2003, an amendment to the law was passed, conferring control of Kuwait Fund to the Minister of Foreign Affairs.
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In July 1974, the scope of the Fund’s activity was extended to the rest of the developing world (from its original mandate of solely helping countries in the
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638:"Kuwait Fund and UNDP join forces to support the most vulnerable people in countries affected by crisis | United Nations Development Programme"
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6,835,224,180 billion over 300 Grants & technical assistance packages have been distributed to 88 countries and institutions, totaling
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While the headquarters were completely ransacked, the Fund regained its operational momentum shortly after the liberation of
224:
The late Sheikh Jaber Al-Ahmed Al-Jaber Al-Sabah during the opening of the Kuwait Fund for Arab
Economic Development in 1961.
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Since its inception, the Kuwait Fund has given a total of 1056 loans, to 120 beneficiary countries, totaling
147:
324:) than do other rich capital surplus countries. Kuwait easily achieves and surpasses the target 0.7% of
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Since 2004, the Kuwait Fund has launched the semi-annual
Training Program for newly graduated Kuwaiti
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Through the Kuwait Fund, Kuwait maintains a higher foreign assistance ratio (as a percentage of the
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389:, 2020 official development assistance from Kuwait decreased by 52% to US$ 394 million.
197:’s agency for the provision and administration of financial and technical assistance to
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Here we are embarking on the tides of change but we will not forget our friends in need
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Kuwait Fund headquarters in 1990, destroyed during the Iraqi invasion and occupation.
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When first established in 1961, the Kuwait Fund was without precedent. Here was
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624:"Kuwait | Development Co-operation Profiles – Kuwait | OECD iLibrary"
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In March 1981, Kuwait Fund’s capital was again increased, this time doubled to
530:. Ellen Lust, inc Congressional Quarterly (13th ed.). Los Angeles. 2014.
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The Kuwait Fund is the first aid agency in the world to be established by a
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Friends in need : the Kuwait Fund in the developing world
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Economy Kuwait Fund for Arab And
Economic Development (KFAED)
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Founded in
December 1961 by then Minister of Finance Sheikh
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Kuwait country : strategic information and development
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signed an agreement to support countries in crisis and the
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Kuwait Fund for Arab
Economic Development Official Site
232:. KFAED was originally established with a capital of
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394:United Nations Development Programme (UNDP)
309:remained operational during the 1990 Iraqi
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558:: CS1 maint: location missing publisher (
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187:الصندوق الكويتي للتنمية الإقتصادية العربية
51:الصندوق الكويتي للتنمية الإقتصادية العربية
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28:
514:Kuwait Fund For Arab Economic Development
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175:Kuwait Fund for Arab Economic Development
30:Kuwait Fund for Arab Economic Development
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136:His Excellency Abdullah Ali Al-Yahya,
875:Liechtensteinische Entwicklungsdienst
346:International Development Association
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398:Sustainable Development Goals (SDGs)
485:. : Intl Business Pubns Usa. 2009.
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1021:Organizations based in Kuwait City
1016:Economic development organizations
707:International development agencies
583:. London: I.B. Tauris Publishers.
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279:) and its capital increased from
962:Millennium Challenge Corporation
423:. Abingdon, Oxon. p. 1996.
211:Jaber Al-Ahmad Al-Jaber Al-Sabah
1:
1006:1961 establishments in Kuwait
392:On 5 May 2021, KFAED and the
417:Ibrāhīm, Ḥasan ʻAlī (2016).
369:Kuwait Investment Authority
92:; 63 years ago
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577:McKinnon, Michael (1997).
62:Government-owned companies
709:maintained by governments
348:through the Kuwait Fund.
236:50 million, increased to
189:), commonly known as the
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338:African Development Bank
156:Deputy Director General
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562:) CS1 maint: others (
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145:Waleed S. Al-Bahar,,
139:Chairman of the Board
68:, Ministry of Finance
199:developing countries
154:Waleed S. Al-Bahar,
125:Developing countries
256:, President of the
205:History and profile
166:www.kuwait-fund.org
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311:Invasion of Kuwait
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105:Headquarters
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307:Kuwait Fund
266:Kuwait City
191:Kuwait Fund
120:Area served
109:Kuwait City
77:Development
64:, State of
45:Native name
18:Kuwait Fund
1000:Categories
899:Polish Aid
891:Portugal:
802:Thailand:
404:References
360:architects
344:, and the
277:Arab World
258:World Bank
132:Key people
863:Irish Aid
861:Ireland:
849:Germany:
837:Finland:
831:Denmark:
819:Austria:
554:cite book
546:842974448
501:946223989
447:cite book
439:946887458
356:engineers
328:that the
977:Brazil:
950:Canada:
927:Turkey:
915:Sweden:
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897:Poland:
885:Norway:
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983:Chile:
909:Spain:
867:Italy:
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744:China:
721:Egypt:
252:." * -
162:Website
95: (
87:Founded
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179:KFAED
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804:TICA
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758:JICA
740:DFAT
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649:2022
642:UNDP
595:OCLC
585:ISBN
564:link
560:link
542:OCLC
532:ISBN
497:OCLC
487:ISBN
453:link
435:OCLC
425:ISBN
387:OECD
358:and
305:The
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97:1961
90:1961
979:ABC
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380:KWD
376:KWD
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