By Hanan Al-Qaisi, KUNA,
Kuwait : Kuwait Fund for Arab Economic Development (KFAED) said Tuesday that it presented loans to 45 Muslim countries up to March 31, 2008, worth USD 10.638 billion to support development in those countries.
In a report entitled “Kuwait Fund contributions to support development in the Islamic world,” distributed on the sidelines of the Fourth World Islamic Economic Forum (WIEF), it said that total grants and assistance presented to Muslim countries during the same period reached 131 worth USD 243.485 million.
It added that total grants presented by Kuwait and managed by KFAED reached 27, valued at USD 705.699 million.
As for loans presented to Muslim countries, the report said KFAED presented Tunisia with a total of USD 488 million, Algeria more than USD 10 million, Syria more than USD one billion, Yemen USD 242 million, Lebanon USD 491 million, Jordan USD 454 million, Morocco USD 176 million, and Sudan USD 428 million.
It also said it presented Somalia with loans worth USD 105 million, Iraq with USD 22 million, Comoros with USD 23 million, Djibouti with USD 100 million, Egypt with USD 1.588 billion, and Mauritania with USD 232 million.
Moreover, it presented loans worth USD 494 million to Oman, Bahrain with USD 458 million, Bosnia with USD 50 million, Turkey with USD 371.5 million, Azerbaijan with USD 34 million, Albania with USD 75 million, Uzbekistan with USD 63 million, Turkmenistan with USD 641,000, Kyrgyzstan with USD 19.9 million, and Kazakhstan with USD 13.8 million.
Of the countries that KFAED also assisted in development was Afghanistan, while it presented with a loan with USD 29.9 million, Indonesia with a loan worth USD 206.7 million, Maldives with USD 78 million, Pakistan with USD 332.6 million, Bangladesh with USD 437 million, Malaysia with USD 54 million, Burkina Faso with USD 151.7 million, Senegal with USD 326 million, Gabon with USD 26 million.
As for the Cameron, it received loans worth USD 59.8 million, Niger with USD 47 million, Benin with USD 72 million, Chad with USD 25.5 million, Togo with USD 43 million, Sierra Leone with USD 47 million, Gambia with USD 79.7 million, Guinea with USD 188.5 million, Guinea-Bissau with USD 27 million, Mali with USD 142 million, Uganda with USD 38.7 million, and Mozambique with USD 84 million.
KFAED was established on December 31, 1961, as a mechanism through which the State of Kuwait could extend loans and aid to Arab and other developing countries.