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 Arab Fund for Economic and Social Development (AFESD) is a Kuwait-based pan-Arab development finance institution.
TUNIS, Feb 28 (KUNA) -- A major Arab economic conference that opened Wednesday in Tunisia has honored Chairman and Director General of Kuwait Arab Fund for Economic and Social Development (AFESD) Abdulatif Al-Hamad.
The IMF Middle East Centre for Economics and Finance in Kuwait, jointly with the Arab Fund for Economic and Social Development, held a high-level symposium that discussed economic policies to achieve inclusive development in the Arab world.
By: Egypt Today staff CAIRO - 19 April 2017: The Arab Fund for Economic and Social Development (AFESD) will provide Egypt with KWD 26 million ($85 million) to contribute in the funding of establishing a photovoltaic power station with a capacity of 50 megawatts in the town of Kom Ombo in the Upper Egyptian governorate of Aswan, the Ministry of Investment and International Cooperation said in a Wednesday statement.
Summary: The Arab Fund for Economic and Social Development (AFESD) has granted Tunisia a loan of 148 million dinars (MD) for the construction of 32 bridges in 21 governorates.
The Annual Meetings will cover a number of elements such as the opening session, the 46 th meeting of the Board of Governors of the Arab Fund for Economic and Social Development, the 40 th Annual Meeting of the Board of Governors of the Arab Monetary Fund (AMF), the 44 th session of the Arab Investment and Export Credit Guarantee Corporation (DHAMAN), the 42 nd meeting of the Board of Governors of the Arab Bank for Economic Development in Africa (BADEA), the 41 st meeting of the shareholders council of the Arab Authority for Agricultural Investment and Development (AAAID), and the eighth ordinary session of the Council of Arab Ministers of Finance.
The group includes nine institutions and funds alongside the AGUND, and these are namely: Saudi Fund for Development (SFD), Abu Dhabi Fund for Development, Arab Fund for Economic and Social Development, Kuwaiti Fund for Arab Economic Development, Islamic Development Bank, OPEC Fund for International Development (OFID), Qatar Fund for Development, and Arab Bank for Economic Development in Africa (BADEA).
29 (SUNA) - The Ministry of Water Resources, Irrigation and Electricity and the Ministry of Finance and Economic Planning signed agreement Thursday with the Arab Fund for Economic and Social Development (AFESD) to finance the construction of Bagair power plant worth 52 million Kuwaiti dinars with a capacity of 500 megawatts as a first stage.
The high-profile meetings will be attended by Arab finance ministers, governors of central banks, the Arab Monetary Fund (AMF), Arab Fund for Economic and Social Development (AFESD), Arab Investment and Export Insurance Corporation , Arab Bank for Economic Development in Africa, Arab Investment and Agrarian Development Corporation , Islamic Development Banking Group, and the International Monetary Fund (IMF).
Siniora also visited the Kuwaiti Fund for Arab Economic Development, and contacted by phone the President of the Arab Fund for Economic and Social Development, whereby it was a chance to discuss projects undertaken by the these funds and their work.
SANA'A, June 25--The Yemeni government on Tuesday endorsed three loan agreements worth $145 million provided by the Arab Fund for Economic and Social Development and the Kuwait Fund for Arab Economic Development, the state-run Saba News Agency reported.
Amman, May 12 (Petra) -- Deputizing for His Majesty King Abdullah II, Prime Minister Abdullah Ensour opened on Monday the Building the Future: Jobs, Growth, and Fairness in the Arab World Conference, which is being organized by the government in cooperation with the International Monetary Fund (IMF) and the Arab Fund for Economic and Social Development.
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