Arab lands weigh aid plan for UNICEF, other units

Saudi Arabia, Kuwait, Iraq, the United Arab Emirates, Qatar, Oman, and Bahrain may set up a multimillion-dollar foundation to channel money to the United Nations Children's Fund (UNICEF) and other UN aid agencies. Prince Talal ibn Abdel-Aziz of Saudi Arabia, a special envoy for UNICEF and the moving force behind the new foundation, said he hoped finance ministers of the seven countries would finally approve the plan at talks in Kuwait later this month.

He said the seven governments would make all their future contributions to UN agencies through the new Arab Development Foundation.

Initial contributions to the foundation would total $120 million to $130 million. Prince Talal said the foundation would also collect donations from private companies and hoped to rai se $200 million this year.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK