Arab Fund for Economic and Social Development

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Arab Fund for Economic and Social Development

A financial institution intended to benefit international development in Arab countries. AFESD was established in Kuwait in 1972 under the aegis of the League of Arab States. The AFESD has several billion dollars in assets. See also: Petrodollar.
References in periodicals archive ?
The agreements were signed by Nasser bin Khamis al Jashmi, secretary general of the Ministry of Finance, Abdul Latif Yousef al Hamad, AFESD director general and chairman of the board of directors and Adnan bin Haidar Darwish, general manager of Oman Housing Bank.
The annual meetings are attended by AFESD representatives, the The Arab Investment and Export Credit Guarantee Corporation, (the Arab Monetary Fund, the Arab Bank for Economic Development in Africa (BADEA) and the Arab Investment and Agricultural Development Forum, as well as delegations from member countries.
For his part, AFESD Director-General Abdellatif Youssef el-Hamad stressed the Fund's readiness to provide the necessary support to Tunisia and to accompany it in its development projects.
The Marrakesh Call for Action will guide the IMF, AFESD, and AMF as we engage with policymakers and other stakeholders in the region.
At the same context, the prime minister got acquainted with the fifth phase of the project, which includes the main water road from al-Hasabah area to al-Nasr Street, which was accomplished last year at a cost of $ 16.7 million and financed by AFESD.
SANA'A -- Secretary of the Capital Abdulqader Helal met Saturday with a delegation from the Arab Fund for Economic and Social Development (AFESD), a Kuwait-based, pan-Arab development finance institution, to discuss the fourth stage of an agreement to establish a sanitation network in Sana'a.
Details : The Arab Fund for Economic and Social Development (AFESD) has granted the Tunisian Motorway Company (STA) a loan of TD 190 million ($138.5 million) to co-finance the Oued Zerga (Beja)/Bousalem (Jendouba) motorway.
The ministry will sign an agreement for a loan of 30 million Kuwaiti dinars ($108 million) with the Kuwait-based AFESD and another 375 million Saudi
Summary: SANA'A: Yemen and the Arab Fund for Economic and Social Development (AFESD) have inked agreements to grant Yemen $329 million to help finance different pivotal development projects in the republic, Saba News Agency reported.
Summary: SANA&'A, Muharram 19, 1432, Dec 25, 2010, SPA -- The Arab Fund for Economic and Social Development (AFESD) has recently committed to providing $500 million in aid for development projects in Yemen.
The agreement was signed in October 21, 2010 between Syria and the Arab Fund for Economic and Social Development (AFESD).
Request of offers from international eligible manufacturers regarding the 220 kV switchyard package pertaining to the Benha 750 MW combined cycle power station under funding from AFESD & KFESD.