Addressing the DSD’s 17th session, discussing Africa, Kuwaiti diplomat Musaed Al-Kulaib said that his country was working for the realization of the DSD’s goals despite global circumstances — namely the global economic crisis, the hike in food prices, and climate change.
Al-Kulaib said that Kuwait had spared no effort in supporting African nations through its public and private sectors, noting that such efforts were deeply-rooted in the Gulf state’s foreign policy.
He moreover said that Kuwait Fund for Arab Economic Development (KFAED), up to the end of 2008, granted African nations 374 loans worth USD 6.6 billion for financing developmental projects, including housing, clean drinking water, and combating river blindness, as well as technical assistance.
Al-Kulaib concluded with a reiteration of Kuwait’s pledge to continue to support developmental projects in Africa, stressing that sustainable development could only be achieved in developing nations through a consolidation of efforts and dealing with current security challenges that threatened development and stability.
