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Arab Economic, Social and Development Summit issues "Kuwait Declaration" 3 Kuwait

Arab investments, as well as providing a suitable environment and protection for these investments, facilitating the movement of Arab capital, and expanding the scope of the agreement for the investment of Arab capital in Arab states.
In terms of finance and financial institutions, the declaration called for boosting the role of joint Arab and national funds and financial institutions, developing their resources, relaxing conditions for granting loans, developing mechanisms for financing main inter-Arab projects in order to contribute to Arab economic integration, involving the private sector, providing credit facilitations for small and medium enterprises.
On statistics, it called for making data and accurate statistics available, saying that these were vital to planning and policy making, as well as decision making in economic and social development. It also called for developing and boosting the capabilities and resources of statistical bodies.
Meanwhile for the private sector, the declaration called for providing the economic and legal frameworks for the operation of the private sector and removing all obstacles facing its active participation in social and economic development in Arab states. It also called for boosting its role in building Arab social and economic integration, facilitating the movement of individuals, especially businessmen, and removing all obstacles in the way of transfer of capital among the Arab states.
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