Arab Fund for Economic and Social Development

The Arab Fund for Economic and Social Development, or AFESD, is a Kuwait based, pan-Arab development finance institute. All members of the League of Arab States are members of the fund. As of 2003, it held around U.S. $7.3 billion in assets.AFESD was established by agreement of the Economic and Social Council of the League of Arab States. Its first meeting was held on February 6, 1972.The current Chairman is Abdulatif Y Al-Hamad.
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FONDO ARABO PER LO SVILUPPO SOCIALE ED ECONOMICO. AFESD

AFESD (Arab Fund for Economic and Social Development), Kuveyt merkezli Arap Ülkeleri Ekonomik ve Sosyal Kalkınma Fonudur. Arap Ligi'ne üye ülkelerin hepsi bu fona da üyedir.
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(n) арабський фонд економічного та соціального розвитку

AFESD promotes regional economic integration and social development in Arab
states. Members include: Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan,
Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia,
Somalia, Sudan, Syria, Tunisia, the United Arab Emirates, Yemen, and the
Palestine Liberation Organization. The Fund, associated with the League of
Arab States, started operations in February 1972; headquarters are in
Safat, Kuwait.