Objectives

The object of the Fund is to assist Arab and other developing countries in developing their economies.

Types of Activities

• Making loans and providing guarantees,
• Making Grants by way of technical assistance and providing other types of technical assistance,
• Contributing to capital stocks of international and regional development finance institutions and other development institutions and representing the State of Kuwait in such institutions.

Scope of Operations

The Fund's operations are focused primarily on the sectors of agriculture and irrigation, transport and communications, energy, industry, water and sewage.

Eligible Entities

The Fund may extend its assistance to different types of entities which include:

• Central and provincial governments, public utilities and other public corporations.
• Development institutions, whether international, regional or national and, in particular, development finance institutions.
• Corporate entities that undertake projects which are jointly owned by a number of developing countries as well as mixed or private enterprises that enjoy corporate personality, and are of a developmental nature and not merely oriented towards making of profit. Such enterprises must be either under the control of one or more developing country or have the nationality of any such country.

(Where the Borrower is an entity other than the state in the beneficiary country, the Fund usually requires that the state in such country enters into an agreement with the Fund whereby it guarantees the performance of the borrower's obligations under the respective loan agreement.)

Forms of Assistance

• Direct loans or the provision of guarantees.
• Joint or parallel financing with other international, regional or national development finance institutions.
• Making of grants-in-aid to finance technical, economic and financial studies whether in relation to projects financed by the Fund or otherwise. Such studies may be of such types as pre-investment surveys, studies for the identification of
• investment opportunities and projects, feasibility studies, project preparation, sectoral studies and the like.
• Advisory services in relation to technical, financial, economic and legal aspects of projects or programmes or development policies, or in relation to institution building in the field of development.
• Subscription to the capital, or contribution to the resources of development finance institutions.
• Subscription to the capital of eligible developmental enterprises.

(The Fund does not provide financial assistance for budgetary or balance of payment support.)

 

For more information about Kuwait Fund operations, check these links:

Law and Basic Information
Project Cycle