Arab Fund for Economic and Social Development

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.

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

Part of a series on
Arab League
Issues Arab Winter Syrian Civil War Somali Civil War Western Sahara conflict Arab–Israeli conflict Pan-Arabism Weapons of mass destruction Egypt Iraq Libya Syria
Geography Regions Maghreb Mashriq Nile Valley Gulf states Bab-el-Mandeb Deserts {{{1}}} {{{1}}} ad-Dahna Desert
Governance Founding Charter Human Rights Charter Secretary-General (Ahmed Aboul Gheit) Institutions Council Summits Parliament
Unity Arab leaders King Salman King Abdullah Fattah el-Sisi Ideology Arab nationalism Nasserism Arab socialism Ba'athism Third International Theory Attempts at political union Arab Federation Arab Islamic Republic Federation of Arab Republics Unified Political Command United Arab Republic United Arab States Organizational unions Cooperation Council for the Arab States of the Gulf (GCC) Arab Maghreb Union
Foreign relations Multilateral African Union ASEAN European Union Latin America Bilateral Brazil China Eritrea France India Eritrea Iran Israel Pakistan Russia Turkey United States Uzbekistan Venezuela
Military Expenditure Arab Revolt Joint defence Joint Defence Council United Arab Command Peninsula Shield Arab Organization for Industrialization (AOI)
Economy Economic and Social Council Council of Arab Economic Unity (CAEU) Arab Monetary Fund Arab Fund for Economic and Social Development (AFESD) Union for the Mediterranean Greater Arab Free Trade Area (GAFTA) Chambers of Commerce Arab Customs Union International Confederation of Arab Trade Unions (ICATU) Federation of Arab Trade Unions and Labor Societies (FATULS) Qualifying Industrial Zone (QIZ)
Transportation Aviation Railways Berlin-Baghdad ONCF Palestine Railways Hejaz Railway Bridges Dubai Smile Qatar Bahrain Causeway King Fahd Causeway Sheikh Rashid bin Saeed Crossing Saudi–Egypt Causeway Bridge of the Horns
Culture Media Arab-SAT Nile-SAT Arab Media Group Arabian Television Network Arab International Media Services Al Arabiya Al Jazeera Arab Capital of Culture Algiers (2007) Jerusalem (2008) Damascus (2009) Doha (2010) Arabic language Cuisine Art Literature Mu'allaqat) Dress Sport Pan Arab Games Arab Champions League (Cup Winners' Cup) Arabian Gulf Cup Arab Nations Cup
Demographics Religion Muslims (majority) Christians Jews Yazidis Shabaks Mandaeans Hinduism Ethnicities Arabs (majority) Berbers Kurds Nubians Somalis other Arab diaspora Lifestyles Bedouin Marsh Arabs Language Arabic (majority) Afar Armenian Berber Hebrew Kurdish Nubian Persian Somali

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.