Kuwait eager to develop economic legislations, diplomat tells UN panel
Kuwait affirms readiness to improve people’s lives: Diplomat
NEW YORK: Kuwait affirmed continuous efforts to develop legislations on commerce, economy and law in accordance with international standards. The remarks were made by Kuwaiti diplomatic attache Rehab Al-Farhan yesterday, during the UN General Assembly’s sixth committee’s discussion on a report by the UN Commission on International Trade Law. Kuwait is set to execute vital projects to turn the country into an economic and financial center, as part of the ‘New Kuwait Vision 2035,’ she said. The country had also set a plan to engage the private sector in the development plan, in a joint partnership with the public sector. The authority on joint private and public sectors projects is tasked with monitoring the execution of projects and evaluating the financial part. Through engaging the private sector in the plan, the authority aims to encourage competitiveness in markets and creativity, Farhan added. The authority had announced several projects on energy, water, sewage treatment management, education, health, communication, real estate and others, she noted.
Meanwhile, Kuwait assured its permanent support to initiatives and measures taken by world nations to develop their living standards through innovative strategies and plans. This came in a speech delivered by the member of the Kuwaiti diplomatic mission to the UN, second secretary Abdullah Al-Sharrah, before the meeting of the second committee of the United Nation General Assembly to discuss cooperation in the field of development between countries of the south.
“Cooperation between countries of the South has contributed to changing dynamics of international cooperation through meeting the needs of developing countries and the effective partnership that has proven merit in light of the decline of North-South and triangular cooperation,” he said. He confirmed that the South-South cooperation is complementary, not a substitute for any kind of development cooperation due to its voluntary and participatory nature, with regard to official development assistance pledged by developed countries. The meeting comes after 40 years since the adoption of the Buenos Aires Plan of Action issued by United Nations Conference on Technical Cooperation among Developing Countries, held in the Argentine capital in 1978, he explained.
Sharrah also stressed that Kuwait has always been a supporter of the process of joint cooperation. Since its independence, Kuwait has recognized the importance of development in the southern region and the need to support it by all available means. This was the reason for the establishment of Kuwait Fund for Development, which has consistently supported development projects in developing countries, he explained. — KUNA
Plan to engage private sector in development