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Kuwait partners with World Bank for development

Kuwait's Minister of Finance Khalifa Hamadah and Regional Director of the World Bank for Saudi Arabia and the Arab Gulf Countries Esam Abo-Sulaiman sign a partnership memo.
By TRENDS Desk
September 14, 2021 6:10 pm
  • For Kuwait, Finance Minister and Minister of State for Economic and Investment Affairs Khalifa Hamadah signed the memorandum
  • World Bank’s Regional Director for Saudi Arabia and the Arab Gulf Countries, Esam Abo-Sulaiman was the co-signatory

Kuwait on Monday, September 13, signed a memorandum of partnership with the World Bank to get help on national development.

Kuwait’s Finance Minister and Minister of State for Economic and Investment Affairs Khalifa Hamadah signed the memorandum with the World Bank’s Regional Director for Saudi Arabia and the Arab Gulf Countries, Esam Abo-Sulaiman.

The document is complementary to Kuwait Vision 2035 and the national development plan 2021-2025, according to the Ministry of Finance.

During the meeting, Hamadah is said to have lauded the distinguished relations Kuwait and the World Bank Group maintained over the last six decades.

On his part, Abo-Sulaiman reportedly appreciated Kuwait’s contributions to the enhancement of the relationship.

He said the World Bank Group was ready to share experience with Kuwait and help the Kuwaiti cadres realize the targets of Kuwait Vision 2035 and the national plan 2021-2025.

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