LOC17:23
14:23 GMT
By Jamal Yeli KUWAIT, Aug 15 (KUNA) -- Kuwaiti Deputy Prime Minister for Economic Affairs and Minister of State for Development Affairs Sheikh Ahmad Al-Fahad Al-Sabah said here Sunday a coordinative meeting was held on the governmental financing of public joint-stock corporate projects as part of the development plan.
The meeting, which was attended by several governmental agencies, mainly aims to unify governmental views, and to work out working papers, on the funding of public projects to be executed as part of the state development drive, the minister, who also doubles as Minister of State for Housing Affairs, told KUNA.
During the meeting, which was held at the behest of His Highness the Prime Minister Sheikh Nasser Al-Mohammad Al-Sabah, the Ministry of Finance, Central bank of Kuwait and the Supreme Council for Planning and Development were asked to prepare their response to the issue at a meeting to be held later for the purpose, he said.
The government is keen to ensure that a mechanism for financing new development projects be within the framework of public shareholding companies as enshrined in the development plant, he said.
In this context, the minister stressed the significant role of the Kuwaiti private sector.
He noted that a relevant working paper would be ready for discussion on Wednesday for a final visualization ahead of referral to the cabinet and then National Assembly (parliament) for further deliberations and final approval. (end) jy.abd.mt KUNA 151723 Aug 10NNNN