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
Leaders
-	Director General / Chairman	Abdulatif Y. Al-Hamad
Establishment
-	Agreement	16 May 1968
-	First meeting	6 February 1972

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This article is part of the series: Life in the Arab League

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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.

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