VIENNA, Acting General Director of Kuwait Development Fund for Arab Economic Development (KFAED) Waleed Al-Bahar underscored the importance of OPEC’s third development forum, affirming Kuwait’s constant support to sustainable development efforts all over the globe.
Speaking to KUNA, Al-Bahar explained that the three-axis forum handles sustainable development goals and challenges they might face.
This year’s edition examines enhancing institutional abilities, improving performance of corporations and individuals, and expediting smart sustainable infrastructure, which underwent concerning regression that reflected quite clearly on sustainable development, he added.
On fund’s contribution, Al-Bahar commented that they took part yesterday in a meeting for Arab funds, a meeting held annually to discuss important topics and coordinate positions.
He highlighted the fund’s projects, which reached 105 countries in Asia, Africa and Latin America since its inauguration in 1961.
On the geopolitical and health challe
nges facing development, he stated that the coronavirus pandemic affected the progress of a number of projects as the health sector took priority.
Al-Bahar further added that they are now looking into environmental projects providing clean energy.
Source: Kuwait News Agency