Arab Fund for Economic and Social Development
Map indicating members of the Arab League.
|Type||Development finance institution of the Arab League|
|16 May 1968|
o 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.
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.