MADRID, July 2 (KUNA) — A Kuwaiti official emphasized on Wednesday that Kuwait remains steadfast in its commitment to financing global development and promoting multilateral cooperation. Speaking at the Fourth International Conference on Financing for Development (FfD) in Seville, Spain, Sheikh Saud Salem Abdulaziz Al-Sabah, head of the Kuwait Investment Authority (KIA), highlighted Kuwait’s openness to collaboration in addressing shared challenges and advancing the 2030 Sustainable Development Agenda.\n\nSheikh Saud noted that funding sustainability continues to be a major obstacle to achieving the Sustainable Development Goals (SDGs). Since gaining independence in 1961, Kuwait has worked to tackle this issue through the establishment of the Kuwait Fund for Arab Economic Development (KFAED), which has supported numerous development projects across key sectors in various countries.\n\nThe official also discussed Kuwait’s ambitious environmental goals, including efforts to reduce harmful emissions. He stressed that sustainable development cannot be achieved without peace, reaffirming Kuwait’s firm support for the legitimate rights of the Palestinian people, particularly the establishment of an independent state within the 1967 borders with East Jerusalem as its capital.\n\nSheikh Saud is leading Kuwait’s delegation at the conference, which includes Ambassador to Spain Ziad Al-Anbaei and Acting Director General of KFAED Waleed Al-Bahr, among others.\n\nThe conference began on Monday and has drawn participation from more than 60 heads of state and prime ministers, as well as over 200 official delegations. Attendees unanimously adopted the Seville Declaration, aimed at mobilizing additional resources for global development.\n— news from Kuwait News Agency\n\n— News Original —\nOfficial: Kuwait committed to funding development, bolstering int’l coop.\nMADRID, July 2 (KUNA) — The State of Kuwait has been committed to effectively financing global development and supporting multilateral collaboration, stressed a Kuwaiti official on Wednesday. nDelivering a speech at the Fourth International Conference on Financing for Development (FfD) in Seville, Spain, head of the Kuwait Investment Authority (KIA) Sheikh Saud Salem Abdulaziz Al-Sabah said Kuwait is committed to cooperation and open to address common challenges as well as accelerating the implementation of the 2030 sustainable development plan. nFunding sustainability is still one of the most challenges hindering the sustainable development goals, Sheikh Saud added. nSince its independence in 1961, Kuwait has sought to address this challenge with the establishment of the Kuwait Fund for Arab Economic Development (KFAED), which has financed a number of development projects in vital and main sectors in various countries, he elaborated. nSheikh Saud also shed light on Kuwait’s ambitious goals on preserving environment and harmful emissions. nSustainable development could not be achieved without peace, she affirmed, reiterating Kuwait’s unwavering supportive position to the legitimate rights of Palestinians, topped with setting up their independent state on the 1967 borders with East Jerusalem as its capital. nSheikh Saud is leading Kuwait’s delegation to the conference that includes Ambassador to Spain Ziad Al-Anbaei, acting director general of KFAED Waleed Al-Bahr and others. nThe conference kicked off on Monday with the participation of more than 60 heads of state and premiers as well as over 200 official delegations. nThe participants unanimously agreed on the Seville Declaration on mobilizing further funding for development. (end) r nhnd.mmj.hm