Business & Finance

Kuwait urges Arab states pay dues for Arab League budget

CAIRO, A Kuwaiti official urged on Thursday all Arab states to rapidly pay their dues for the Arab League budget, estimated this year at USD 61 million.

Head of the Kuwaiti delegation to the 96th meeting of the permanent commission for administrative and financial affairs, the assistant foreign minister for financial affairs, Ambassador Adnan Al-Khudair, told KUNA that the committee had referred a report regarding outcome of its tasks and recommendations to the 152nd ministerial session, due next month, for prospected adoption.

The commission, two-day session of which concluded earlier today, recommended that the Arab states must quickly pay their financial contributions for the Arab League budget.

However, the Kuwaiti official has indicated that there has been “some noticeable improvement” with respect of payments in this year’s budget, estimated at USD 61 million, explaining that the payments’ proportion stands at 50 percent.

Moreover, the commission has urged Arab countries “of extraordinary circumstances” to pay their dues “when conditions in these countries improve,” Ambassador Al-Khudair explained — apparently alluding to countries witnessing warfares or unrest.

Ambassador Al-Khudair has re-affirmed that Kuwait, a main contributor to the Arab League budget, has remained keen and committed to pay its share regularly and as scheduled, in the beginning of the fiscal year.

Source: Kuwait News Agency