Vice President Holds Talks With Directorate Of Kuwait Fund
Fri, 22 November 2013 | Finance
Vice President Danny Faure visited the Headquarters of the Kuwait Fund in Kuwait City on 21st November, in the margins of the 3rd Arab- African Summit. He held discussions with the Directorate of the Kuwait Fund for Arab Economic Development, headed by Mr. Abdulwahab Al- Bader.
Vice President Faure described the meeting as very fruitful and stated that Kuwait Fund was ready to consider the official request for the funding of the reconstruction of both the La Rosiere Primary School in Victoria and the Seychelles Agricultural and Horticultural Training Centre at Anse a La Mouche.
The Vice President has expressed appreciation for the significant role played by the Fund in the Public Utilities Sector and welcomed its generous contribution towards the further development of the Education Sector.
The Minister for Natural Resources, Mr. Peter Sinon and the Special Advisor to the Vice President, Mr. Hans Aglae were also present at the meeting.
Editor’s Note
Kuwait Fund for Arab Economic Development (KFAED), commonly known as the Kuwait Fund, is the State of Kuwait agency for the provision and administration of financial and technical assistance to developing countries. Founded in December 1961 by then Minister of Finance Sheikh Jaber Al -Ahmad Al-Jaber, the Kuwait Fund was operational shortly after the country’s independence, ensuring that Kuwait’s newly discovered oil wealth was put to benefit neighbors and friends alike. The Fund was created as a message from the Kuwaiti people, ensuring that “Here we are embarking on the tides of change but we will not forget our friends in need”. The Kuwait Fund is the first aid agency in the world to be established by a developing country.