The Kuwait Fund for Arab Economic Development (KFAED)
The Kuwait Fund for Arab Economic Development (KFAED) was established in 1961, the same year as the country’s independence, and set a benchmark as the first aid agency from a developing country.
With Kuwait’s willingness to share its wealth with others, KFAED has grown to become the Kuwait’s main channel for foreign assistance, far surpassing United Nation targets for development support in relation to national GDP.
Kuwait has an active role in the international arena; a role that expresses its goodwill and peaceful aspirations. Therefore, KFAED supports international initiatives and institutions aiming to achieve international development and stability.
KFAED complements Kuwait’s foreign policy through its development cooperation with more than 100 developing nations. It also contributes to strengthening friendships between these countries and the State of Kuwait. Kuwait’s contributions to other international development institutions, such as the Arab Fund for Economic Development, the African Development Bank, the International Fund for Agricultural Development, and the International Development Association, are normally provided through KFAED and through the agency’s own resources.
Since its inception, KFAED has disbursed $12 billion in concessionary loans and technical grants to 102 countries worldwide.
If you would like to know more about KFAED, Watch the movie
“Friends in Need”
Please visit KFAED official website at (www.kuwait-fund.org)