Identifier
Created
Classification
Origin
06KUWAIT1200
2006-04-05 13:30:00
UNCLASSIFIED
Embassy Kuwait
Cable title:
KUWAIT FUND SIGNS $17 MILLION LOAN AGREEMENT WITH
how-toVZCZCXYZ0001 PP RUEHWEB DE RUEHKU #1200 0951330 ZNR UUUUU ZZH P 051330Z APR 06 FM AMEMBASSY KUWAIT TO RUEHC/SECSTATE WASHDC PRIORITY 3852 INFO RUEHEE/ARAB LEAGUE COLLECTIVE PRIORITY RUEATRS/DEPT OF TREASURY WASHDC PRIORITY
UNCLAS KUWAIT 001200
SIPDIS
SIPDIS
STATE FOR NEA/ARP, EB, LONDON FOR TSOU, PARIS FOR ZEYA,
TREASURY FOR AHMED SAEED
E.O. 12958: N/A
TAGS: PGOV PREL ECON EAID KU
SUBJECT: KUWAIT FUND SIGNS $17 MILLION LOAN AGREEMENT WITH
LEBANON
REF: KUWAIT 399
UNCLAS KUWAIT 001200
SIPDIS
SIPDIS
STATE FOR NEA/ARP, EB, LONDON FOR TSOU, PARIS FOR ZEYA,
TREASURY FOR AHMED SAEED
E.O. 12958: N/A
TAGS: PGOV PREL ECON EAID KU
SUBJECT: KUWAIT FUND SIGNS $17 MILLION LOAN AGREEMENT WITH
LEBANON
REF: KUWAIT 399
1. (U) In an April 4 ceremony in Beirut, the Director
General of the Kuwait Fund for Arab Economic Development
(KFAED) Abdulwahab Al-Bader signed a $17 million loan
agreement with the Government of Lebanon (GOL) to finance a
water project in the country.
2. (U) KFAED Regional Manager for Arab Countries Marwan
Al-Ghanem (attendee at signing) informed Econoff in February
(reftel) that the loan is a supplement to an existing $34
million KFAED bilateral loan with the GOL. The assistance
marks KFAED's renewed assistance program with Lebanon after a
four-year hiatus.
Background on Kuwait Fund for Arab Economic Development
-------------- --------------
3. (U) KFAED is the GOK's primary vehicle for providing
assistance and aid to other countries. It was founded the
same year that Kuwait gained its independence, 1961, and was
originally intended to assist Kuwait's Arab neighbors. In
1974 its mandate was expanded to include all developing
countries. To date, KFAED has committed over $11.5 billion
in low interest loans to 101 countries through 650 separate
projects, has provided over $323 million in grants and
technical assistance, and has contributed $1.15 billion to
other development institutions.
********************************************
For more EMBASSY Kuwait reporting, see:
http://www.state.sgov.gov/p/nea/kuwait/cables
Or Visit EMBASSY Kuwait's Classified Website:
http://www.state.sgov.gov/p/nea/kuwait/
********************************************
TUELLER
SIPDIS
SIPDIS
STATE FOR NEA/ARP, EB, LONDON FOR TSOU, PARIS FOR ZEYA,
TREASURY FOR AHMED SAEED
E.O. 12958: N/A
TAGS: PGOV PREL ECON EAID KU
SUBJECT: KUWAIT FUND SIGNS $17 MILLION LOAN AGREEMENT WITH
LEBANON
REF: KUWAIT 399
1. (U) In an April 4 ceremony in Beirut, the Director
General of the Kuwait Fund for Arab Economic Development
(KFAED) Abdulwahab Al-Bader signed a $17 million loan
agreement with the Government of Lebanon (GOL) to finance a
water project in the country.
2. (U) KFAED Regional Manager for Arab Countries Marwan
Al-Ghanem (attendee at signing) informed Econoff in February
(reftel) that the loan is a supplement to an existing $34
million KFAED bilateral loan with the GOL. The assistance
marks KFAED's renewed assistance program with Lebanon after a
four-year hiatus.
Background on Kuwait Fund for Arab Economic Development
-------------- --------------
3. (U) KFAED is the GOK's primary vehicle for providing
assistance and aid to other countries. It was founded the
same year that Kuwait gained its independence, 1961, and was
originally intended to assist Kuwait's Arab neighbors. In
1974 its mandate was expanded to include all developing
countries. To date, KFAED has committed over $11.5 billion
in low interest loans to 101 countries through 650 separate
projects, has provided over $323 million in grants and
technical assistance, and has contributed $1.15 billion to
other development institutions.
********************************************
For more EMBASSY Kuwait reporting, see:
http://www.state.sgov.gov/p/nea/kuwait/cables
Or Visit EMBASSY Kuwait's Classified Website:
http://www.state.sgov.gov/p/nea/kuwait/
********************************************
TUELLER