The Arab Fund for Economic and Social Development (AFESD) is a

Kuwait Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to Iraq–Ku ...

-based

pan-Arab Pan-Arabism ( ar, الوحدة العربية or ) is an ideology that espouses the unification of the countries of North Africa and Western Asia from the Atlantic Ocean to the Arabian Sea, which is referred to as the Arab world. It is closely c ...

development finance institution A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis. , total commitme ...

. All member-states of the

Arab League The Arab League ( ar, الجامعة العربية, ' ), formally the League of Arab States ( ar, جامعة الدول العربية, '), is a regional organization in the Arab world, which is located in Northern Africa, Western Africa, E ...

are members of the AFESD. As of 2003, it held around US$7.3 billion in assets. The AFESD was established by agreement of the Economic and Social Council of the Arab League. Its first meeting was held on 6 February 1972. The current Chairman is Abdulatif Y Al-Hamad. Former Chairman is Mohammed Al Emadi. Founding Chairman is Saeb N. Jaroudi.

References

External links

Arab Fund for Economic and Social Developmentafc.com.lbuntreaty.un.orgun.org
Arab League Economy of the Arab League Organizations established in 1972 {{int-org-stub

See also

References

External links