Arab Fund for Economic and Social Development

Arab Fund for Economic and Social Development
Map of the Arab League
Administrative center		Kuwait
Official languages		Arabic
Type		Arab League institution Development finance institution
Membership		21 members  Algeria  Bahrain  Djibouti  Egypt  Iraq  Jordan  Kuwait  Lebanon  Libya  Mauritania  Morocco  Oman  Palestine  Qatar  Saudi Arabia  Somalia  Sudan  Syria  Tunisia  United Arab Emirates  Yemen [1]
Leaders
-	Director General / Chairman	Abdulatif Y. Al-Hamad
Establishment
-	Agreement	16 May 1968
-	First meeting	6 February 1972

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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 USD 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 Development
• [1]
• [2]
• [3]

See also

• Arab League
• Economic and Social Council (Arab League)
• Arab Monetary Fund
• Council of Arab Economic Unity

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