LOC09:09
06:09 GMT
Acting Director General of Kuwait Fund for Arab Economic Development Waleed Al-Bahar
WASHINGTON, Oct 16 (KUNA) -- Acting Director General of Kuwait Fund for Arab Economic Development Waleed Al-Bahar affirmed the Arab Coordination Group's (ACG) commitment to adopting effective strategies to meet future development requirements and global economic transformations.
Speaking to KUNA during ACG's 50th anniversary celebration in Washington D.C. late Wednesday, attended by Acting Finance Minister Dr. Sabeeh Al-Mukhaizeem, Al-Bahar congratulated Kuwait Fund for its role as a founding member in 1975.
He emphasized the group's vital contribution to stimulating economic growth and social progress in developing nations across the globe.
Al-Bahar noted that the Fund continuously strives to enhance its collective development efforts in cooperation with ACG institutions to promote sustainable regional and international economic growth.
Since its inception, ACG has financed more than 13,000 development projects in over 160 countries, supporting key sectors such as infrastructure, education, and healthcare.
He stressed the group's dedication to aligning with the next phase of development by adopting adaptive strategies to address the fast-changing global economic landscape.
Al-Bahar expressed pride in Kuwait Fund's partnerships within the ACG framework, contributing to financing initiatives that drive prosperity and progress in developing countries.
The golden jubilee celebration was held under the theme "United in Cooperation and Development for a Sustainable Future," reflecting the group's shared vision to empower nations and achieve lasting positive impact.
The event gathered leaders from both public and private sectors, investors, and prominent figures from political and economic circles, underscoring the group's enduring influence in advancing global development.
The celebration served as a milestone in the Arab Coordination Group's journey, reaffirming its role as a strategic partner in fostering collective action and sustainable growth across the developing world. (end)
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