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
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Emblem | |
Map indicating members of the Arab League.
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| Headquarters |  Kuwait |
| Official languages | Arabic |
| Type | Development finance institution of the Arab League |
| Membership | 21 states[1] |
| Leaders | |
• Chairman | Abdulatif Y. Al-Hamad |
| Establishment | |
| 16 May 1968 | |
• First meeting | 6 February 1972 |
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.
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