KUWAIT | Overview
Official name: State of Kuwait
Capital: Kuwait City
Official languages: Arabic
Monetary unit: Kuwaiti Dinar (KWD)
Population (million): 2.7
Total area (sq km): 17,818
Kuwait is located in the North-eastern corner of the Arabian Peninsula. It is bordered by Iraq in the North and West, Saudi Arabia in the South and the Arabian Gulf in the East.Kuwait is a high-income country where.
The Kuwaiti government plans to transform Kuwait into a financial and commercial center for the northern Gulf region. The plan envisions spending on energy and infrastructure projects and strengthening the role of the private sector in the public-sector-dominated economy. Although lower oil prices have diminished the government’s revenues and created a need to develop the Kuwaiti non-oil sector and infrastructure, the Kuwaiti government still envisions its original plan.
Year joined ICD:
Number of projects approved: 3
Gross Approval ($US million): 14.13
Gross Disbursement ($US million): 14.13