Kuwait economic fund inks coordination MoU with ILO

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KUWAIT CITY, April 20 : Kuwait Fund for Arab Economic Development has inked a memorandum of understanding for development cooperation with the International Labor Organization. The MoU was co-signed by KFAED’s Acting Director General Walid Al-Bahar and ILO’s Assistant Director-General for External and Corporate Relations, Laura Thompson, on sidelines on sidelines of the 2024 spring meetings of the International Monetary Fund and the World Bank. KFAED said in a statement that the MoU aims at establishing a framework of technical cooperation and coordinating joint action in the realms of economic and social funding in developing countries, in addition to mutual coordination for expertise swap. The MoU, of a five-year renewable mandate, focuses on cooperation in activities that meet the two sides’ objectives in the developing countries where they have a presence (KUNA)

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