imported 2024-03-17 17:43:08
“55 years is a long time… we started with Arab countries and then moved on to non-Arab countries in Africa and Asia. You know what happened with the Arab Spring in different countries such as Syria, amongst others, where Kuwait Fund started with developmental aid, particularly in terms of building physical projects to enhance the economies of countries that we support.”
Abdulwahab Al-Bader, Director General of Kuwait Fund, considers the Arab Spring as an opportunity for the development in the MENA region. Furthermore, he admits further changes as a result of the events that started in February 2011.
During the past 50 years geographical loan allocation was 54.57% for Arab countries, 19.57% East, South Asian & Pacific Countries, 17.08% for African countries, 6.33% for Central Asian and European countries and 2.45 % for Latin American and Caribbean countries. Al-Bader explains the future of loan allocation.
Brazilian foreign aid and cooperation is very much needed and thus it constitutes a significant area of Brazilian foreign policy. Brazilian Cooperation Agency is deployed in many parts of the world, notably in Africa where it helps to improve the African agriculture sector.
