KFUND - 50 Years of Economic Development

PRESENTED BY YOUSEF AL-BADER

50 YEARS OF ECONOMIC DEVELOPMENT

Prepared byAlyaa Al-Mousawi

THE STATE OF KUWAIT

KUWAIT

Kuwait as a country was established in the early 17th century, and has been ruled by Al-Sabah Family since they were elected by the

rest of the Kuwaiti Families.

Before the exploration of oil in 1934, Kuwait was a mercantile center & port.

The people of Kuwait depended mainly on the sea to earn a living.

KUWAIT - DISCOVERY OF OIL

February 1938, Oil was discovered in Burgan Oil Field.

KUWAIT - INDEPENDENCE

Kuwait got its independence on June 17, 1961. During the rule of his highness The late Amir of Kuwait Abdullah Al-Salem Al-Sabah.

Sheikh Abdullah’s reign was so central to the evolution of modern Kuwait and its constitution.

The date on which he had ascended the throne in 1950 (February 25) was designated National Day.

UN DEVELOPMENT MANDATE (1974)

• It stipulates that industrial as well as oil producing countries allocate 0.7% of their GDP to development assistance.

ESTABLISHMENT OF KUWAIT FUND

Established in 1961 as a bilateral financial – aid agency.

1st national institution founded by a developing country to help developing nations.

- Initial capital = KD 50 million (US$ 165 million)

- Geographical coverage = Arab Countries.Today 2011 Our current capital KD 2 billion (US$ 6.6 billion) Geographical coverage = 104 countries worldwide.

KUWAIT FUND - CAPITAL

Initial Capital = 50 million K.D.100 million K.D.In 1963 , 200 million K.D.In 1974, 1000 million K.D. (Geographical distribution was expanded to cover all non-Arab countries requiring development assistance in addition to Arab countries).In 1981, 2000 million K.D.Today , The Kuwait Fund still retains the 2000 million K.D. in terms of official capital, in addition to two reserved capitals surpassing 2000 million K.D. (The geographical distribution : 104 countries. )

FUND ACTIVITIES

The Scope of our operations can be extended to any country that requires development & financial assistance.

Types of assistance- Loans- Grants & Technical Assistance- Contributions to Multilateral

Development Institutions

KUWAIT FUND CONTRIBUTIONS TO DEVELOPMENT INSTITUTIONS UP TO 4-10-

2011Institution Paid Up (Million US$) Committed (Million

US$)

Arab Fund for Economic & Social Development575575

Arab Bank for Economic Development in Africa49.69449.694

African Development Bank Group

•African Development Bank•African Development Fund

11.396110

211239

Inter – Arab Investment Guarantee Corporation5.45.4

International Development Association120.315120.315

International fund for agricultural Development (IFAD)

•IFAD Special Program for Sub-Saharan African Countries

4556

81.43172

Arab Gulf Program for United Nations Development Organizations.

1047

Total1,1121,377

KUWAIT FUND GRANTS AND T.A. TO INSTITUTIONS UP TO 31 MARCH 2011 (MILLION)

InstitutionAmount (million US$)

No. of Grants

International Development Law Organization (IDLO)

2,8907

Arab Gulf Programme for the support of UN Dev. Organizations

30,1933

Economic and Social Commission for Western Asia

165,1301

Institute for Development Studies

99,7231

Robert McNamara Fellowships Programme

486,4331

UNITAR-Programme on Regional & Inter- Regional Cooperation

97,8701

Global Water Summit Initiative1001General Organization for the

South & Arabian Gulf in Bahrain3,4161

Harvard Water Symposium 71,6081Regional Info. Technology & Software Engineering Center

1,0011

Environmental summit Re River Blindness Control Programme

23,3621

KUWAIT FUND GRANTS AND T.A. TO INSTITUTIONS UP TO 31 MARCH 2011

(MILLION)

Sixth International conference on Law Volume

Roads

33,374 1

Foundation for Tropical Diseases1,0001Guinea worm Eradication Trust fund246,5431Onchocerciasis Control Programme

(OCP)750,0001

Final Phase of guinea Worm Eradication Program500,0001

Arab Planning Institute6,2421IFAD – Special Programme for Sub –

Saharan African Countries15,0001

Supplementary Financing of the Final Stage of Guinea Worm5001

The Final Stage of the Program of Combating River Blindness1,5001

African Program for Onchocerciasis 2,0001Others161,43211Total67,47940

GEOGRAPHICAL DISTRIBUTION OF GOVERNMENT GRANTS UP TO 06-10-2011

RegionNo. of Countries

No. of GrantsAmount in US$

Central Asian & European Countries

2218,005

Latin American & The Caribbean Countries

119,000

East, South Asia & The Pacific Countries

3324,000

Arab Countries12321,061,192West African Countries131364,898Central, South & East

African Countries4414,148

Institutions1215,194Total36571,206 ,437

GOODWILL FUND

During the 1st International Islamic Economic Conference held in Kuwait between April 29 to May 1, 2008, his highness the Emir of the State of Kuwait launched the initiative of Goodwill fund, to help the Islamic countries in their efforts to supply food security for their People.His highness proposed a fund with a capital of 100 million US$, which became effective.

THE BENEFICIARIES OF GOODWILL FUND

CountryGrant amt. (million US$)

Afghanistan 7

Uganda7

Bangladesh10

Benin5

Burkina Faso5

Chad4

Togo3

Djibouti2

Senegal5

Sudan7

Sierra Leone 3

THE BENEFICIARIES OF GOODWILL FUND

Somalia3

Gambia3

Guinea4

Guinea Bissau 3

Comores2

Maldives2

Mali5

Mauritania3

Mozambique6

Niger5

Yemen6

Total 100

SUPPORT OF THE PRIVATE SECTOR IN ARAB COUNTRIES

During the Arab Economic Development& Social summit held in Kuwait from 19 – 20 January 2009, his highness the Emir of the State of Kuwait Sheikh Sabah al-Ahmad Al-Sabah launched an initiative to support small and medium size projects of the private sector in Arab countries.His highness proposed a fund with a capital of 2 billion US$.Kuwait provided 500 million US$ and the Kingdom of Saudi Arabia provided a similar sum, and other Arab countries will contribute to this fund. The fund will be managed by the Arab Fund for Economic & Social Development.

GEOGRAPHICAL DISTRIBUTION OF FUND’S LOANS

South East Asia

&Pacific

South, Center &East Africa

West African Countries

Central Asia & European Countries

Latin America & the Caribbean Countries

GEOGRAPHICAL DISTRIBUTION OF FUND’S LOANS (3\10\2011)

RegionsNo. of Countries

No. of LoansAmount in (Million US$)

%

Arab Countries163068,55254,80

East, South Asia & The Pacific Countries

191533,02219,37

West African Countries191401,5299,80

Central, South & East African Countries

211081,1357,27

Central Asian & European Countries

16570.9886,33

Latin American & The Caribbean Countries

11390.3782,42

Total10280315,605100%

GEOGRAPHICAL DISTRIBUTION OF FUND’S LOANS (3\10\2011)

Arab Countries

Central Asian & European Countries

Central, South & East African Countries

East, South Asia & The Pacific Countries

Latin American & The Caribbean Countries

West African Countries

SECTORAL DISTRIBUTION OF FUND’S LOANS

TransportationNo. of Loans = 339

Amt.in million $ = 5,456 = %34.97

Development BankNo. of Loans = 18

Amt.in million $ = 0.590 = %2.94Telecommunications

No. of Loans = 14Amt.in million $ = 0.344

= %2.20

Water & SanitationNo. of Loans = 78

Amt.in million $ = 1,461 = %9.36

Energy No. of Loans = 139

Amt.in million $ = 4,108 = %26.33

IndustryNo. of Loans = 61

Amt.in million $ = 1,150 = %7.37

SocialNo. of Loans = 21

Amt.in million $ = 0.590 = %3.78

AgricultureNo. of Loans = 118

Amt.in million $ = 1,882 = %12.06

SECTORAL DISTRIBUTION OF FUND’S LOANS 30/1/2011

34.97

26.33

12.06

9.36

7.37

3.78 2.94

2.20

1.02

Transportation Energy Agriculture

Water & Sewage Industry Social

Development Banks Telecommunication Miscellaneous

GEOGRAPHICAL DISTRIBUTION OF GRANT & TECHNICAL ASSISTANCE UP TO 3/10/2011

Division NameNo. of Countries

No. of GrantsGrant Amount in US$

Arab Countries1582193.5

West African Countries

153316.9

Central, South & East African Countries

132013.1

Central Asia & Europe122021.6

East, South Asia & Pacific

112444.3

Latin America & the Caribbean

673.31

Sub Total72186292.7

Institutions354270.3

Grand Total107228363

GEOGRAPHICAL DISTRIBUTION OF GRANT & TECHNICAL ASSISTANCE UP TO 3/10/2011

Arab Countries

West African Countries

Central, South & East African Countries

Central Asia & Europe

East, South Asia & Pacific

Latin America & the Caribbean

Institutions

TRANSPORT SECTOR

WATER & SEWERAGE SECTOR

INDUSTRY SECTOR

ENERGY SECTOR

AGRICULTURE SECTOR

SOCIAL SECTOR

TELECOMMUNICATION SECTOR

DEVELOPMENT BANKS

Bor Bank - Bosnia&

Herzegovina