Arab Fund for Economic and Social Development

Arab Fund for Economic and Social Development
Emblem
Map indicating members of the Arab League.
Headquarters	Kuwait
Official languages	Arabic
Type	Development finance institution of the Arab League
Membership	21 states[1]  Algeria  Bahrain  Djibouti  Egypt  Iraq  Jordan  Kuwait  Lebanon  Libya  Mauritania  Morocco  Oman  Palestine  Qatar  Saudi Arabia  Somalia  Sudan  Syria  Tunisia  UAE  Yemen
Leaders
• 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 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.

See also

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

References

External links

• Arab Fund for Economic and Social Development
• afc.com.lb
• untreaty.un.org
• un.org