GROWTH AND DEVELOPMENT

Kuwait 2017 | DIPLOMACY | COLUMN

TBY talks to Abdulwahab A. Al-Bader, Director General, Kuwait Fund for Arab Economic Development (KFAED) on the sector.

Abdulwahab A. Al-Bader

The international aid assistance architecture has changed in recent years. Could you describe the trends you have seen?

Development assistance does not change from one year to the next; it is rather continuous work. There are new donor countries and different avenues of how aid is provided. China is active in Africa, primarily through FDI, and that is great as long as it supports Africa's growth and development. If adding trade into the equation works, then that is great for all parties involved. I believe that developing countries, especially in Africa, still need assistance, as financial pressure in those countries has intensified in recent years. The global economic downturn has affected international assistance, but fortunately we see that it is picking up again.

What is your outlook for the year ahead?

We are preparing ourselves to increase our participation in Africa in 2017, and we want to fulfill our commitments there. We strive for stronger collaboration with the other Arab funds in the region, especially in the framework of the GCC, a region with similar approaches, interests, and motives.*