Arab Fund for Economic and Social Development (AFESD)

Fonds Arabe pour le Développement Economique et Social (FADES)
Fondo Arabe para el Desarrollo Económico y Social

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Contact Details

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History

16 May 1968, following agreement by the Economic and Social Council of League of Arab States (LAS). Agreement entered into force, 18 Dec 1971. Commenced full operations in 1974. Establishment Agreement amended by Board of Governors in 1997 in response to the need to enhance the developmental role of the private sector in member countries; now authorized to finance private sector development projects in Arab countries. Also referred to as Arab Economic and Social Development Fund (Arab Fund).

Aims

Contribute to financing of economic and social development projects in Arab countries by extending loans, on concessionary terms, to governments and public corporations and enterprises of member states, giving preference to projects which are vital to the Arab world and to joint Arab projects; serve as a catalyst for encouraging direct or indirect investment of public and private capital in a manner conducive to development of the Arab economy; provide expertise and technical support in various spheres of economic development.

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Activities

Projects/programmes; financial and/or material support; events/meetings.

Structure

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Languages

Arabic, English, French.

Staff

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Financing

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Relations with Inter-Governmental Organizations

Relations with 34 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 7 non-governmental organizations.
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Publications

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Members

Members in 22 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Society
    • Society
  • Commerce
    • Funds
    • Investment
  • Economics
    • Economic

UN Sustainable Development Goals **

GOAL 1: No PovertyGOAL 8: Decent Work and Economic GrowthGOAL 10: Reduced Inequality

UIA Org ID

F4228

Last News Received

16. Sep 2018
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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