Kuwait, Yemen Sign Agreement on Financial Arrangements

Kuwait City: Chairman of Yemeni Presidential Leadership Council Rashad Al-Alimi praised Kuwait's efforts, led by His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah, to support the Yemeni people.

According to Kuwait News Agency, this acknowledgment came when Al-Alimi received Acting Director General of Kuwait Fund for Arab Economic Development (KFAED) Waleed Al-Bahar, and Kuwait Ambassador to Yemen Falah Al-Hajraf, on the sidelines of signing a bilateral agreement. The agreement, signed on Saturday, aims to relaunch Kuwaiti funding for development programs and reschedule the payment of arrears due to KFAED.

Al-Alimi expressed gratitude to Kuwaiti charities and financial institutes for their support in aiding his country and the Yemeni people, highlighting the historical bilateral ties.

For his part, Al-Bahar emphasized the Fund's commitment to implementing the Amiri directives and reviewed the projects to be funded during the next phase, including the electricity, health, and rural roads sectors.

The agreement was signed by Minister of Planning and International Cooperation Waed Badib on behalf of the Yemeni Government, while Acting Director General of KFAED Waleed Al-Bahar signed on behalf of the Fund. Yemeni Presidency Office's Director Yahya Al-Shuaibi and Kuwait Ambassador to Yemen Falah Al-Hajraf were present at the signing.