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MP underscores Kuwait's backing to world development
December 12, 2015, 8:19 am
Kuwaiti parliamentary caucus member Khalil Abdullah.

The State of Kuwait is playing a great role in eradicating poverty and famine, and in buttressing development projects across the world, a Kuwaiti Member of Parliament said on Friday.

Addressing a meeting of the Asian Parliamentary Assembly (APA) committee on economic affairs and sustainable development, Kuwaiti parliamentary caucus member Khalil Abdullah said Kuwait supports world development projects through the Kuwait Fund for Arab Economic Development (KFAED), which was created 54 years ago mainly to fight poverty and joblessness in the world.

The committee meeting is part of the 8th gathering of the APA, which kick-started in Cambodia on Wednesday and winds up today (Saturday).

The KFAED has made contributions to development in 101 countries as per systematic methods and economic regulations, he said, pointing to the Goodwill Fund Initiative which was launched by His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in 2008.

The State of Kuwait contributed USD 100 million to the fund, which was mainly intended to address surging food prices in developing countries, he said, adding that around 22 countries have benefited from the initiative.

Kuwait is a key donor of the World Food Program (WFP), Abdullah said, noting that His Highness the Amir had also launched a fund for small and medium-sized enterprises during an economic summit held in Kuwait in 2009.

The State of Kuwait had contributed USD 500 million to the initiative, the Kuwaiti member pointed out.

Voicing sorrow at the world problems of poverty and famine, Abdullah cited the World Bank's 2012 statistics as estimating that there were approximately 902 million undernourished people across the world.

Khalil Abdullah is part of a delegation of the Kuwaiti parliamentary caucus headed by its undersecretary, MP Faisal Al-Shayea. They took part on Tuesday in the second meeting of the Asian Parliamentary Assembly (APA) executive council held in Cambodia.

The teams also includes secretary MP Dr. Odah Al-Ruwaiee, treasurer MP Saleh Ashour, and members Seif Al-Azmi and Madi Al-Hajri.

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