US embassy cable - 03KUWAIT4786

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EX-IM REQUEST: POST BRIEFING ON KUWAIT FOR ARAB ECONOMIC DEVELOPMENT (KFAED) AND KAIFENG CARBON CO., LTD. (CHINA)

Identifier: 03KUWAIT4786
Wikileaks: View 03KUWAIT4786 at Wikileaks.org
Origin: Embassy Kuwait
Created: 2003-10-19 13:21:00
Classification: UNCLASSIFIED
Tags: KU KFPC EFIN
Redacted: This cable was not redacted by Wikileaks.
This record is a partial extract of the original cable. The full text of the original cable is not available.


 
UNCLAS KUWAIT 004786 
 
SIPDIS 
 
E.O. 12958: N/A 
TAGS: KU, KFPC, EFIN 
SUBJECT: EX-IM REQUEST:  POST BRIEFING ON KUWAIT FOR ARAB 
ECONOMIC DEVELOPMENT (KFAED) AND KAIFENG CARBON CO., LTD. 
(CHINA) 
 
REF: SECSTATE 281393 
 
The Kuwait Fund for Arab Economic Development (KFAED) is a 
well known, legitimate and respected institution.  Founded in 
1961, KFAED is government-owned and its Board of Directors 
chaired by the Prime Minister of Kuwait; the Prime Minister 
appoints KFAED's director general, who handles the Fund's 
day-to-day operations.  The organization's primary mission is 
to foster development in needier countries through 
concessional loans, grants, technical assistance, and 
guarantees.  KFAED also provides assistance to multilateral 
institutions like the African Development Fund, the Arab Fund 
for Social and Economic Development, and the International 
Fund for Agricultural Development. Between 1962 and 2001, 
KFAED disbursed more than $11 billion in assistance 
worldwide; according to KFAED, its loans issued annually 
amount to at least 4% of Kuwait's GDP. 
 
JONES 

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