Through the Kuwait Fund for Arab Economic Development, the country helps Arab and other developing countries build their economies, focusing primarily on agriculture and irrigation, transport and communication, energy, industry, water and sewage, education, and health.
The Trade and Supply Chain Finance Program (TSCFP) supported a transaction valued at $0.7 million with a bank domiciled in Kuwait from inception to December 2022. During the same period, the TSCFP supported over 30 Kuwaiti exports and/or imports valued at $47.2 million. In 2022 alone, the TSCFP supported five Kuwaiti exports and/or imports valued at $31.5 million. Exports and/or imports were mainly to/from Viet Nam, Bangladesh, and Sri Lanka. Underlying goods involved raw and non-energy commodities, food and agriculture-related goods, as well as oil, gas, and energy-related commodities.
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Farmers in Nepal reap the benefits of rehabilitated farmers-managed irrigation systems
ADB’s Community-Managed Irrigated Agriculture Sector Project–Additional Financing supported by the Government of Nepal and the OPEC Fund rehabilitated 155 farmers-managed irrigation systems in eastern and central Nepal. The upgraded systems now provide efficient, reliable, and flexible irrigation services to the farmers and has contributed significantly in increasing the agricultural productivity, food security, and income.
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