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.

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. Provided by Wikipedia