Sovereign Funds
Kuwait Fund for Arab Economic Development
Kuwait · 1961 · State of Kuwait
Kuwait Fund for Arab Economic Development says on its website that it was established by Law No. 35 of 1961 and subsequent laws. It describes itself as a Kuwaiti bilateral development institution that provides development aid to Arab and other developing countries, and says it extends concessionary loans and grants to finance development projects and makes capital contributions to regional and international development institutions. It is a development institution, not a sovereign wealth fund.
Data note: Shown in the Sovereign Funds section for ease of browsing; it is a development fund, which finances development projects and assistance. The fund's website gives no capital figure or leadership, and the figures section of its home page shows labels without values; INXEN shows no figure.
Mandate: A Kuwaiti bilateral development institution that provides development aid to Arab and other developing countries through concessionary loans, grants and technical assistance, according to its website.
Key facts
No verified figure held yet.