Kuwait Fund and Central American Bank ink MoU

Kuwait Fund and Central American Bank ink MoU

MARRAKECH: Kuwait Fund for Arab Economic Development (KFAED) and the Central American Bank for Economic Integration (CABEI) have signed a memorandum of understanding (MoU) to create a joint technical cooperation framework in developing countries’ development finance field. The memo was signed by KFAED’s Director-General Waleed Al-Bahar and CABEI’s Executive Vice President Jaime Palacios, KFAED said.

It is mainly aimed at bilateral coordination for response to humanitarian crises and natural disasters and as well as the exchange of information and technical expertise, it added in a press release. The signing of the MoU came on the sidelines of the annual meetings of the World Bank (WB) and International Monetary Fund (IMF) held in the Moroccan city of Marrakech, with world finance ministers, central bank’s governors and finance institutions attending, it said. Kuwait is partaking in the meetings with a delegation led by Minister of Finance Fahad Al-Jarallah.

Meanwhile, Kuwait Minister of Finance Fahad Al-Jarallah met separately with a number of ministers on the sidelines of the annual meetings of the International Monetary Fund (IMF) and World Bank in Marrakesh. During his meeting with Egyptian Minister of International Cooperation Raniya Al-Mashat, Al-Jarallah, who leads Kuwait delegation to the meetings, praised the distinguished deep-rooted relationship