In this article, we will explore the impact of Arab Fund for Economic and Social Development in different contexts and situations. From its influence in the technological field to its effects on contemporary society, Arab Fund for Economic and Social Development has proven to be a topic of great relevance and significance. Throughout history, Arab Fund for Economic and Social Development has played a crucial role in shaping the world we live in, and its importance continues to be the subject of debate and reflection in various fields of knowledge. Through a detailed and comprehensive analysis, we will examine the many facets of Arab Fund for Economic and Social Development and its impact on the present and future.
Arab Fund for Economic and Social Development | |
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Headquarters | Kuwait |
Official languages | Arabic |
Type | Development finance institution of the Arab League |
Membership | |
Leaders | |
• Chairman | Abdulatif Y. Al-Hamad |
Establishment | |
16 May 1968 | |
• First meeting | 6 February 1972 |
Part of a series on the |
Politics of the Arab world |
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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.