Kuwait became a Participant in the Development Assistance Committee (DAC) on 30 January 2018. With Kuwait, the DAC has the opportunity to learn from and integrate the perspectives, lessons learnt and experience of an important Arab provider of development co-operation. In 2016, Kuwait disbursed USD 1 billion in net official development assistance (ODA).
In 2015, net ODA reported by the Kuwait Fund for Arab Economic Development (KFAED) amounted to USD 304 million, representing an increase of 22% in real terms over 2014. Kuwait’s total involvement in development co-operation exceeds this amount but the volume of the activities of other institutions is not known.
The MENA-OECD Investment Programme seeks to mobilise investment—foreign, regional and domestic—as a driving force for growth, stability and prosperity throughout the Middle East and North Africa (MENA) region. This programme is part of the MENA-OECD Initiative on Governance and Investment for Development (www.oecd.org/mena).