The Fund was created as a message from the Kuwaiti people, ensuring that “Here we are embarking on the tides of change but we will not forget our friends in need”.

Here was Kuwait, a tiny country, until recently among the poorest places in earth, establishing a development fund in the year of its political independence.

Managed as a semi-independent arm of the Kuwaiti government, the Fund maintains sovereignty over its operations, notwithstanding governmental oversight.

Kuwait easily achieves and surpasses the target 0.7% of GNP that the United Nations specifies for development assistance.

[7] Under a new law, the Kuwait Fund is obligated to transfer up to 25% of its net annual income to the Public Authority for Housing Assistance, as a contribution of its resources.