Arab Fund for Economic and Social Development (AFESD)
Established in 1968, the Fund commenced operations in 1974.
Functions. AFESD is an Arab regional financial institution that assists the economic and social development of Arab countries through: financing development projects, with preference given to overall Arab development and to joint Arab projects; encouraging the investment of private and public funds in Arab projects; and providing technical assistance services for Arab economic and social development.
Members. Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, United Arab Emirates, Republic of Yemen.
Headquarters: PO Box 21923, Safat 13080, Kuwait.
Director General and Chairman of the Board of Directors: Abdulatif Y. al-Hamad (Kuwait).