IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-03500-7_13.html
   My bibliography  Save this book chapter

The Kuwait Fund: Sixteen Years in Development Assistance

In: The Economy of Kuwait

Author

Listed:
  • M. W. Khouja
  • P. G. Sadler

Abstract

During the first twelve years of its history, the operations of the Kuwait Fund were confined to the Arab countries. In this first phase of its existence it concluded a total of forty-seven loan agreements amounting to KD134 million or to approximately $402 million. A second phase started in July 1974 when the Fund’s Law and Charter were amended shortly after the ‘oil revolution’ increasing its declared capital from KD200 to KD1000 million (equivalent to more than $3.5 billion) and extending its scope of activity to cover not only the Arab countries but other developing countries as well. During the last four years, the Fund provided eighty-four new loans totalling KD390 million (equivalent to about $1.4 billion), raising the total number of loans to over 130 and the sum of commitments to KD524 million (approximately $1.8 billion). Mainly because of its relatively limited resources the Fund’s operations in the first phase were rather modest compared with its present level of activity. However, it was during this phase that the Fund evolved its policies, work guidlines and its informal modus operandi, and acquired a measure of international reputation and prestige of impressive proportions.

Suggested Citation

  • M. W. Khouja & P. G. Sadler, 1979. "The Kuwait Fund: Sixteen Years in Development Assistance," Palgrave Macmillan Books, in: The Economy of Kuwait, chapter 13, pages 225-250, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-03500-7_13
    DOI: 10.1007/978-1-349-03500-7_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-03500-7_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.