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The Details in this Presentation are up to 10 October 2011
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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