A meeting of President Emomali Rahmon with Acting Director General of the Kuwait Fund for Arab Economic Development (KFAED) Walled Shamlan Al-Bahar that took place in Al-Kuwait on November 4 has become one of key meetings of Tajik leader during his official visit to Kuwait.
The Tajik president’s official website says the parties discussed opportunities to expand cooperation in financing key projects in Tajikistan.
The discussions, in particular, focused on expanding cooperation in financing critical projects, including the construction of highways, energy sector facilities, and irrigation systems.
The President of Tajikistan reportedly expressed gratitude to Kuwaiti partners for their allocation of 100 million US dollars toward the Roghun Hydropower Plant project, marking a significant contribution to Tajikistan's energy infrastructure development.
They also discussed plans for involving the Kuwait Fund for Arab Economic Development in financing social and economic projects in Tajikistan, including the advancement of healthcare and education.
It was reportedly emphasized that further expansion of mutually beneficial cooperation would bring substantial advantages to both countries.
The Kuwait Fund for Arab Economic Development (KFAED), commonly known as the Kuwait Fund, is the State of Kuwait’s agency for the provision and administration of financial and technical assistance to developing countries.
Founded in December 1961, the Kuwait Fund is the first aid agency in the world to be established by a developing country. KFAED was originally established with a capital of KWD 50 million, increased to KWD 200 million in 1966.
