The fact that Kuwait, a member of the Gulf Cooperation Council (GCC), hosted the third Arab-African summit last week is a notable development.
Possibly, gone are the days when the deposed Libyan leader, Muammar Gaddafi, would serve as a host of pan-Arab and African meetings. The Libyan city of Sirte hosted the second Arab-African summit in late 2010 only weeks prior to the eruption of the Arab Spring. Colonel Gaddafi himself could not survive the waves that burst through in the wake of the tumultuous event.
The meeting in Kuwait took place on the theme of ‘Partners in Development and Investment’. The host country was quick to translate the message into deeds.
On the eve of the summit, Kuwait’s Emir, Sabah Al Ahmad Al Sabah, pledged $1 billion (Dh3.67 billion) in low-interest loans to African countries for a period of five years. It is possible that other resourceful GCC countries, with special funds for global development, would follow suit.
source: gulfnews.com
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