Kuwait Fund for Arab Economic Development


Also found in: Acronyms.

Kuwait Fund for Arab Economic Development

An agency of the government of Kuwait intended to encourage international development. It was the first organization established by a developing country to assist developing countries. It was founded in 1961 with profits from Kuwait's oil reserves. See also: Petrodollar, AFESD.
References in periodicals archive ?
Hamad AL-Omar, Deputy Director General signed the agreement on behalf of the Kuwait Fund for Arab Economic Development while Dr.
The Kuwait Fund for Arab Economic Development will provide soft loan of US $40 million for Neelum Jhelum Hydropower Project.
ISLAMABAD, January 04, 2010 (Frontier Star): A Loan Agreement was signed on 4th January, 2010 in Islamabad between the Islamic Republic of Pakistan and Kuwait Fund for Arab Economic Development amounting to Kuwaiti Dinars fourteen million three hundred thousand KD.
ISLAMABAD, January 04, 2010 (Balochistan Times ): A Loan Agreement was signed on 4th January, 2010 in Islamabad between the Islamic Republic of Pakistan and Kuwait Fund for Arab Economic Development amounting to Kuwaiti Dinars fourteen million three hundred thousand KD.
Summary: Kuwait Fund for Arab Economic Development (KFAED) Sunday refuted media reports it was supporting an investment deal by a Kuwaiti business group in Morocco.
2687296 KUWAIT -- Kuwait Fund for Arab Economic Development (KFAED) and Argentine sign a loan agreement worth KD 15 million (USD 51 million) for the financing of the La Plata Water Supply Project.
An Amendment Grant Agreement was signed today in Kuwait between the Government of Mongolia and Kuwait Fund for Arab Economic Development, whereby the Fund will allocate from the Grant Agreement No.
5 million ($41 million) with Senior Legal Advisor at the Kuwait Fund for Arab Economic Development Nawaf al-Mahamel.
Summary: The Kuwait Fund for Arab Economic Development (KFAED) granted, on Thursday, a loan of 22 million Kuwaiti dinars (around 159 million dinars), to Tunisia to finance the project of rehabilitation
At his meeting Thursday with Minister of Development, Investment and International Cooperation Yassine Brahim, he affirmed the willingness of the Kuwaiti Kuwait Fund for Arab Economic Development to finance some of the major projects planned for the coming period in several vital sectors, such as water and energy.
The agreement was made between Lebanon and the Arab Fund for Economic and Social Development, which extended a loan worth 32 million Kuwaiti dinars, and the Kuwait Fund for Arab Economic Development, which lent 21 million Kuwaiti dinars.
Aid from the Kuwait Fund for Arab Economic Development stood at $18 million, while the Islamic Development Bank offered $100,000.
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