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Arab Fund for Economic and Social Development information


Arab Fund for Economic and Social Development
AFESD emblem
Emblem
Map indicating members of the Arab League.
Map indicating members of the Arab League.
HeadquartersArab Fund for Economic and Social Development Kuwait
Official languagesArabic
TypeDevelopment finance institution of the Arab League
Membership
21 states[1]
  • Arab Fund for Economic and Social Development Algeria
  • Arab Fund for Economic and Social Development Bahrain
  • Arab Fund for Economic and Social Development Djibouti
  • Arab Fund for Economic and Social Development Egypt
  • Arab Fund for Economic and Social Development Iraq
  • Arab Fund for Economic and Social Development Jordan
  • Arab Fund for Economic and Social Development Kuwait
  • Arab Fund for Economic and Social Development Lebanon
  • Arab Fund for Economic and Social Development Libya
  • Arab Fund for Economic and Social Development Mauritania
  • Arab Fund for Economic and Social Development Morocco
  • Arab Fund for Economic and Social Development Oman
  • Arab Fund for Economic and Social Development Palestine
  • Arab Fund for Economic and Social Development Qatar
  • Arab Fund for Economic and Social Development Saudi Arabia
  • Arab Fund for Economic and Social Development Somalia
  • Arab Fund for Economic and Social Development Sudan
  • Arab Fund for Economic and Social Development Syria
  • Arab Fund for Economic and Social Development Tunisia
  • Arab Fund for Economic and Social Development UAE
  • Arab Fund for Economic and Social Development Yemen
Leaders
• Chairman
Abdulatif Y. Al-Hamad
Establishment
• Agreement
16 May 1968
• First meeting
6 February 1972

The Arab Fund for Economic and Social Development (AFESD) is a Kuwait-based pan-Arab development finance institution. 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.

  1. ^ "Member states". Arab Fund for Economic and Social Development. Retrieved 2010-08-11.

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