Kuwait investment in Arab countries

This file contains correspondence relating to:

• Possibility of cooperation between the UN Special Fund and the Kuwait Fund for Arab Economic Development. It includes extracts from a letter from Philomena Guillebaud of the UN Special Fund (1)
• Visit of an Algerian delegation to Kuwait and a subsequent announcement of a loan from the Kuwaiti Government to Algeria. It also contains a cutting from the Financial Times reporting on the loan (2)
• Letter from the Chairman of the Supreme Council of the Federation of South Arabia to the Ruler of Kuwait Sheikh Abdulla Al Salem Al Sabah requesting financial assistance, along with a later letter commenting on this approach (3)
• Visit to Tunisia of a Kuwaiti delegation in connection with the Kuwait Fund for Arab Economic Development. It contains an extract from an article in Jeune-Afrique reporting an agreement for Kuwaiti investment in Tunisia (4)
• Summary of a discussion with Mr Svoboda of the International Bank [World Bank], who has been seconded to the Kuwait Fund for Arab Economic Development (5)
• Report that Interser is to set up an office in Geneva to guide private Kuwaiti investment (6)
• Translation of Law No 27 of 1962 concerning the regulation of dealings in the shares and bonds of companies established abroad (7)
• Report on the growing involvement of US banks in the Kuwaiti market (8)
• Proposal from the Kuwaiti Government to Midland Bank to cooperate in the opening of a bank in Sudan. It includes a copy of a letter from Dr Khalil Osman Mahmoud to G I Williamson of Midland Bank (9)
• Report of a proposal to transfer the Kuwait Investment Board from London to Kuwait (10)
• Uncertainty over the dates and itinerary of the Kuwaiti Goodwill Mission to Africa (11, 16)
• Membership of the overall Advisory Council, and the scheduling of its first meeting for 11 April (12)
• Visit to Kuwait of the Head of the Middle East Division of the International Bank Escott Reid (13)
• Negotiation of the terms of the Kuwaiti loan to Algeria. It includes a translation of the Kuwaiti law authorising the loan to the Government of Algeria (14-15)
• Appointment of a manager for the Kuwait Investment Company (17)
• Report that the Advisory Committee on financial and economic matters is now functioning and will be coming to Kuwait for talks (18)
• Visit of a Nigerian delegation to Kuwait, and its discussions with the Minister of Finance and Economy Sheikh Jabir Al Ahmad Al Sabah (19)
• Account of the visit to Kuwait of Sir William Iliff, who is acting as a consultant to the Kuwait Fund for Arab Economic Development. It also contains an account of a meeting between Iliff and the Ambassador in Kuwait J C B Richmond, as well as suggested amendments to a brief [not enclosed] on Kuwaiti investment (20)