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 nort ...

-based

pan-Arab Pan-Arabism ( ar, الوحدة العربية or ) is an ideology that espouses the unification of the countries of North Africa and Western Asia from the Atlantic Ocean to the Arabian Sea, which is referred to as the Arab world. It is closely c ...

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 commitme ...

. All member-states of the

Arab League The Arab League ( ar, الجامعة العربية, ' ), formally the League of Arab States ( ar, جامعة الدول العربية, '), is a regional organization in the Arab world, which is located in Northern Africa, Western Africa, E ...

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 Abdul Latif ( ar, عبد اللطيف, translit=ʻAbd al-Laṭīf) is a Muslim male given name and, in modern usage, surname. It is built from the Arabic words ''Abd (Arabic), ʻabd'' and ''al-Laṭīf'', one of the names of God in the Qur'an, which ...

. Former Chairman is

Mohammed Al Emadi Muhammad ( ar, مُحَمَّد; 570 – 8 June 632 CE) was an Arab religious, social, and political leader and the founder of Islam. According to Islamic doctrine, he was a prophet divinely inspired to preach and confirm the monoth ...

. Founding Chairman is Saeb N. Jaroudi.

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 {{int-org-stub

See also

References

External links