Kuwait Fund stresses Arab Coordination Group’s commitment to strategic development and global growth
Acting Director General of the Kuwait Fund for Arab Economic Development, Waleed Al-Bahar, highlighted the Arab Coordination Group’s (ACG) dedication to adopting effective strategies to meet the evolving development needs of the next phase.
Speaking to the Kuwait News Agency (KUNA) during a celebration of the ACG’s 50th anniversary in Washington, attended by the Minister of Electricity, Water and Renewable Energy and Minister of Finance and Acting Minister of State for Economic Affairs and Investment Dr. Subaih Al-Mukhaizeem, Al-Bahar expressed pride in the Kuwait Fund’s role as a founding member of the group in 1975.
He emphasized the group’s vital role in promoting economic growth and social progress in low- and middle-income countries worldwide.
Al-Bahar noted that the Kuwait Fund continuously works to strengthen collective development efforts in cooperation with other member funds and institutions of the ACG to achieve sustainable economic growth both regionally and internationally. Since its establishment, the group has financed over 13,000 development projects in more than 160 countries.
He reaffirmed the group’s commitment to keeping pace with global economic changes by implementing strategies that respond to emerging challenges and opportunities.
Al-Bahar added that the Kuwait Fund is proud of its partnerships within the ACG and remains committed to supporting development projects that promote progress, prosperity, and growth in developing nations.
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