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Saturday , October 19 2019

Amir honored as development leader

HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah being presented with the merit certificate by the Vice-President of World Bank Group Ferid Belhaj

KUWAIT CITY, April 29, (KUNA): His Highness the Amir Sheikh Sabah Al-Ahmad Al- Jaber Al-Sabah received at Bayan Palace on Monday Finance Minister Nayef Al- Hajraf, Vice-President of World Bank Group (WBG) for Middle East and North Africa Ferid Belhaj and his accompanying delegation.

During the meeting, His Highness the Amir was awarded a certificate of merit in appreciation for his role as a development leader and for supporting global social and economic development efforts. On this occasion, His Highness the Amir said: “I am delighted to receive this recognition – an exceptional honor for me and my country, from Interim President for the World Bank Group (WBG) Kristalina Georgieva.” “I express my gratitude, as well as that of the Kuwaiti people for this kind gesture coming from one of the most important international organizations that cares and caters for socio-economic and developmental projects and programs in developing countries, particularly the least developed ones, in a bid to achieve security and stability for their peoples,”

His Highness Sheikh Sabah said. His Highness the Amir said Kuwait, since joining the WBG in 1962, has contributed to helping and financing the Group’s developmental programs to eradicate poverty and revitalize economies as possible just out of deep belief in the socio-economic prosperity of either neighboring countries, or otherwise.

Thus, Kuwait established the Fund for Arab Economic Development in 1961, which since then has largely contributed to financing projects in more than 120 countries, His Highness the Amir said. Sheikh Sabah went on to say that Kuwait has also co-partnered with many global developmental institutions, mainly the WBG, which has found Kuwait to be one of the most cooperative countries with.

His Highness the Amir reaffirmed his determination to continue on the path of helping countries plagued with natural disasters and human tragedies. Addressing the reception, Belhaj said he was so happy to represent the World Bank Group in honoring His Highness the Amir in appreciation for his key role in supporting economic and social development worldwide through aid to more than 100 countries.

He said Kuwait, under the wise leadership of His Highness the Amir, is playing a significant role in safeguarding stability in Middle East and North Africa by means of bankrolling development in regional countries. He added that the honoring of His Highness the Amir came due to Kuwait’s contributions to several regional and international institutions, including the WBG’s International Development Association.

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