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 the no ...
-based
pan-Arab 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 commit ...
. All member-states of the
Arab League 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
Saeb N. Jaroudi (Arabic: صائب جارودي) was the former minister of national economy, industry, and tourism in Lebanon and the first chairman of the board and president of the Kuwait-based Arab Fund for Economic and Social Development. He h ...
.
See also
*
Arab Monetary Fund
The Arab Monetary Fund (AMF) is a regional Arab organization, a working sub-organization of the Arab League. It was founded 1976, and has been operational since 1977.
History
The first president and director of the Arab Monetary Fund, from ...
*
Council of Arab Economic Unity
The Council of Arab Economic Unity (CAEU) (Arabic: ) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, United Arab Emirates and Yemen on May 30, 1964, following an agreement in 1957 ...
*
Economic and Social Council (Arab League)
The Economic and Social Council of the Arab League (ESC; ar, , DIN: , originally the Economic Council) is an institution of the Arab League that co-ordinates its economic integration.Osmańczyk 2003: 1290 The ESC was established as the ''Eco ...
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
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