Arab Fund for Economic and Social Development

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Arab Fund for Economic and Social Development
AFESD logo.PNG
Emblem
Arab League Countries Highlighted in Orange.PNG
Map indicating members of the Arab League.
HeadquartersFlag of Kuwait.svg  Kuwait
Official languages Arabic
Type Development finance institution of the Arab League
Membership
21 states [1]
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.

Contents

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.

See also

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References

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