YEARS OF ECONOMIC 50
DEVELOPMENT
PRESENTED BY
YOUSEF AL-BADER

Prepared by
Alyaa 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 wer...
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 Kuwai...
UN DEVELOPMENT MANDATE
((1974
• It stipulates that industrial as well as oil producing
countries allocate 0.7% of their GD...
ESTABLISHMENT OF KUWAIT
FUND
Established in 1961 as a bilateral financial – aid
agency.
1st national institution founded b...
KUWAIT FUND - CAPITAL
Initial Capital = 50 million K.D.
100 million K.D.
In 1963 , 200 million K.D.
In 1974, 1000 million ...
FUND ACTIVITIES
The Scope of our operations can be
extended to any country that requires
development & financial assistanc...
KUWAIT FUND CONTRIBUTIONS TO
DEVELOPMENT INSTITUTIONS UP TO 4-10-2011
Institution

$(Paid Up (Million US

Committed (Milli...
KUWAIT FUND GRANTS AND T.A. TO
(INSTITUTIONS UP TO 31 MARCH 2011 (MILLION
Institution

$(Amount (million US

No. of Grants...
KUWAIT FUND GRANTS AND T.A. TO
(INSTITUTIONS UP TO 31 MARCH 2011 (MILLION
Sixth International conference on
Law Volume Roa...
GEOGRAPHICAL DISTRIBUTION OF
GOVERNMENT GRANTS UP TO 06-10-2011
Region

No. of Countries

No. of Grants

$Amount in US

Ce...
GOODWILL FUND
During the 1st International Islamic Economic
Conference held in Kuwait between April 29 to May
1, 2008, his...
THE BENEFICIARIES OF
GOODWILL FUND
Country

$(Grant amt. (million US

Afghanistan

7

Uganda

7

Bangladesh

10

Benin

5
...
THE BENEFICIARIES OF
GOODWILL FUND
Somalia

3

Gambia

3

Guinea

4

Guinea Bissau

3

Comores

2

Maldives

2

Mali

5

M...
SUPPORT OF THE PRIVATE
SECTOR IN ARAB COUNTRIES
During the Arab Economic Development& Social summit held in
Kuwait from 19...
GEOGRAPHICAL DISTRIBUTION OF
FUND’S LOANS
Central Asia & European Countries

South East Asia
West African
Countries
Latin ...
GEOGRAPHICAL DISTRIBUTION OF
(FUND’S LOANS (3102011
Regions

No. of
Countries

No. of Loans

Amount in (Million
$(US

%

A...
GEOGRAPHICAL DISTRIBUTION
(OF FUND’S LOANS (3102011

Arab Countries
Central Asian & European Countries
Central, South & Ea...
SECTORAL DISTRIBUTION OF
FUND’S LOANS
Development Bank
No. of Loans = 18
Amt.in million $ = 0.590
2.94 = %
Telecommunicati...
SECTORAL DISTRIBUTION OF
FUND’S LOANS 30/1/2011
2.20
3.78

2.94
1.02

7.37
34.97
9.36

12.06
26.33

Transportation

Energy...
GEOGRAPHICAL DISTRIBUTION OF GRANT &
TECHNICAL ASSISTANCE UP TO 3/10/2011
Division Name

No. of Countries

No. of Grants

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

Arab Countries
West African Countries
Central, ...
TRANSPORT SECTOR
WATER & SEWERAGE SECTOR
INDUSTRY SECTOR
ENERGY SECTOR
AGRICULTURE SECTOR
SOCIAL SECTOR
TELECOMMUNICATION SECTOR
DEVELOPMENT BANKS

Bor Bank Bosnia&
Herzegovina
KFUND - 50 Years of Economic Development
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KFUND - 50 Years of Economic Development

  1. 1. YEARS OF ECONOMIC 50 DEVELOPMENT PRESENTED BY YOUSEF AL-BADER Prepared by Alyaa Al-Mousawi
  2. 2. THE STATE OF KUWAIT
  3. 3. 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.
  4. 4. KUWAIT - DISCOVERY OF OIL February 1938, Oil was discovered in Burgan Oil Field.
  5. 5. KUWAIT - INDEPENDENCE Kuwait got its independence on June 17, 1961. During the rule of his highness The late Amir of Kuwait Abdullah AlSalem 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.
  6. 6. UN DEVELOPMENT MANDATE ((1974 • It stipulates that industrial as well as oil producing countries allocate 0.7% of their GDP to development assistance.
  7. 7. 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.
  8. 8. 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 nonArab 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. )
  9. 9. 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
  10. 10. KUWAIT FUND CONTRIBUTIONS TO DEVELOPMENT INSTITUTIONS UP TO 4-10-2011 Institution $(Paid Up (Million US Committed (Million $(US Arab Fund for Economic & Social Development 575 575 Arab Bank for Economic Development in Africa 49.694 49.694 11.396 110 •African Development Fund 211 239 Inter – Arab Investment Guarantee Corporation 5.4 5.4 120.315 120.315 45 56 81.43 172 10 47 1,112 1,377 African Development Bank Group •African Development Bank International Development Association International fund for agricultural Development ((IFAD •IFAD Special Program for Sub-Saharan African Countries Arab Gulf Program for United Nations Development .Organizations Total
  11. 11. KUWAIT FUND GRANTS AND T.A. TO (INSTITUTIONS UP TO 31 MARCH 2011 (MILLION Institution $(Amount (million US No. of Grants International Development Law (Organization (IDLO 2,890 7 Arab Gulf Programme for the support of UN Dev. Organizations 30,193 3 Economic and Social Commission for Western Asia 165,130 1 Institute for Development Studies 99,723 1 Robert McNamara Fellowships Programme 486,433 1 UNITAR-Programme on Regional & Inter- Regional Cooperation 97,870 1 Global Water Summit Initiative 100 1 General Organization for the South & Arabian Gulf in Bahrain 3,416 1 Harvard Water Symposium 71,608 1 Regional Info. Technology & Software Engineering Center 1,001 1 Environmental summit Re River Blindness Control Programme 23,362 1
  12. 12. 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 Diseases 1,000 1 Guinea worm Eradication Trust fund 246,543 1 Onchocerciasis Control Programme ((OCP 750,000 1 Final Phase of guinea Worm Eradication Program 500,000 1 Arab Planning Institute 6,242 1 IFAD – Special Programme for Sub – Saharan African Countries 15,000 1 Supplementary Financing of the Final Stage of Guinea Worm 500 1 The Final Stage of the Program of Combating River Blindness 1,500 1 African Program for Onchocerciasis 2,000 1 Others 161,432 11 Total 67,479 40
  13. 13. GEOGRAPHICAL DISTRIBUTION OF GOVERNMENT GRANTS UP TO 06-10-2011 Region No. of Countries No. of Grants $Amount in US Central Asian & European Countries 2 2 18,005 Latin American & The Caribbean Countries 1 1 9,000 East, South Asia & The Pacific Countries 3 3 24,000 Arab Countries 12 32 1,061,192 West African Countries 13 13 64,898 Central, South & East African Countries 4 4 14,148 Institutions 1 2 15,194 Total 36 57 437 ,1,206
  14. 14. GOODWILL FUND During the 1st International Islamic Economic Conference held in Kuwait between April 29 to May 1, 2008, his highness the Emir of the State of Kuwait launched the initiative of Goodwill fund, to help the Islamic countries in their efforts to supply food security for their People. His highness proposed a fund with a capital of 100 million US$, which became effective.
  15. 15. THE BENEFICIARIES OF GOODWILL FUND Country $(Grant amt. (million US Afghanistan 7 Uganda 7 Bangladesh 10 Benin 5 Burkina Faso 5 Chad 4 Togo 3 Djibouti 2 Senegal 5 Sudan 7 Sierra Leone 3
  16. 16. THE BENEFICIARIES OF GOODWILL FUND Somalia 3 Gambia 3 Guinea 4 Guinea Bissau 3 Comores 2 Maldives 2 Mali 5 Mauritania 3 Mozambique 6 Niger 5 Yemen 6 Total 100
  17. 17. SUPPORT OF THE PRIVATE SECTOR IN ARAB COUNTRIES During the Arab Economic Development& Social summit held in Kuwait from 19 – 20 January 2009, his highness the Emir of the State of Kuwait Sheikh Sabah al-Ahmad Al-Sabah launched an initiative to support small and medium size projects of the private sector in Arab countries. His highness proposed a fund with a capital of 2 billion US$. 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.
  18. 18. GEOGRAPHICAL DISTRIBUTION OF FUND’S LOANS Central Asia & European Countries South East Asia West African Countries Latin America & the Caribbean Countries South, Center East Africa& Pacific&
  19. 19. GEOGRAPHICAL DISTRIBUTION OF (FUND’S LOANS (3102011 Regions No. of Countries No. of Loans Amount in (Million $(US % Arab Countries 16 306 8,552 54,80 East, South Asia & The Pacific Countries 19 153 3,022 19,37 West African Countries 19 140 1,529 9,80 Central, South & East African Countries 21 108 1,135 7,27 Central Asian & European Countries 16 57 0.988 6,33 Latin American & The Caribbean Countries 11 39 0.378 2,42 Total 102 803 15,605 100%
  20. 20. GEOGRAPHICAL DISTRIBUTION (OF FUND’S LOANS (3102011 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
  21. 21. SECTORAL DISTRIBUTION OF FUND’S LOANS Development Bank No. of Loans = 18 Amt.in million $ = 0.590 2.94 = % Telecommunications No. of Loans = 14 Amt.in million $ = 0.344 2.20 = % Transportation No. of Loans = 339 Amt.in million $ = 5,456 34.97 = % Industry No. of Loans = 61 Amt.in million $ = 1,150 7.37 = % Water & Sanitation No. of Loans = 78 Amt.in million $ = 1,461 9.36 = % Energy No. of Loans = 139 Amt.in million $ = 4,108 26.33 = % Agriculture No. of Loans = 118 Amt.in million $ = 1,882 12.06 = % Social No. of Loans = 21 Amt.in million $ = 0.590 3.78 = %
  22. 22. SECTORAL DISTRIBUTION OF FUND’S LOANS 30/1/2011 2.20 3.78 2.94 1.02 7.37 34.97 9.36 12.06 26.33 Transportation Energy Agriculture Water & Sewage Industry Social Development Banks Telecommunication Miscellaneous
  23. 23. GEOGRAPHICAL DISTRIBUTION OF GRANT & TECHNICAL ASSISTANCE UP TO 3/10/2011 Division Name No. of Countries No. of Grants Arab Countries 15 82 Grant Amount in $US 193.5 West African Countries 15 33 16.9 Central, South & East African Countries 13 20 13.1 Central Asia & Europe 12 20 21.6 East, South Asia & Pacific 11 24 44.3 Latin America & the Caribbean 6 7 3.31 Sub Total 72 186 292.7 Institutions 35 42 70.3 Grand Total 107 228 363
  24. 24. 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
  25. 25. TRANSPORT SECTOR
  26. 26. WATER & SEWERAGE SECTOR
  27. 27. INDUSTRY SECTOR
  28. 28. ENERGY SECTOR
  29. 29. AGRICULTURE SECTOR
  30. 30. SOCIAL SECTOR
  31. 31. TELECOMMUNICATION SECTOR
  32. 32. DEVELOPMENT BANKS Bor Bank Bosnia& Herzegovina
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