EX-IM REQUEST: POST BRIEFING ON KUWAIT FOR ARAB

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