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  The arab economic summit
Arab envoys reflect on arrangements for economic summit in Kuwait
03/11/2008   |   04:14 PM | World News
تصغير الخطالشكل الأساسيتكبير الخط
CAIRO, Nov 3 (KUNA) -- Arab permanent representatives at the Arab League met once more here on Monday to mull over preparations and arrangements for a planned Arab economic and social summit in Kuwait on January 19-20.
The meeting was presided over by Syria's Permanent Representative Ambassador Yussef Ahmad on the basis that Syria holds the current rotating presidency of the Arab summit.
Kuwait's Permanent Representative at the League Ambassador Abdullah al-Mansour said the meeting had discussed preparations for the summit, and representatives' relevant views.
The League has so far received over 150 proposals for projects to be carefully considered and selected by specialized committees ahead of the summit, he told the Kuwait News Agency (KUNA).
Asked about fears of financing for potential Arab projects, he said all Arab countries could not escape the fallout of the global financial turmoil, but prospective projects would be bankrolled by Arab financial funds, assets and reserves.
He challenged that the global financial mayhem could not be let to thwart the implementation of projects to be reached by Arab leaders during their summit in Kuwait early January.
For her part, Mervat al-Talawi, general coordinator of the summit, told KUNA that the Arab permanent delegates had been briefed on the latest arrangements for the Kuwait economic summit.
She added that a Kuwait Draft Declaration to be issued by the summit had been handed out among the delegates for voicing views.
She noted that the international financial mayhem would figure out prominently on the agenda of the forthcoming summit. (end) mfm.bna.mt KUNA 031614 Nov 08NNNN
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