Arab Fund for Technical Assistance to African Countries (AFTAAC)
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Contact Details
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Founded
1974-10
History
Oct 1974, as Arab Fund for Technical Assistance to African Countries (AFTAAC), on approval of the statutes by 7th Arab Summit Conference, following Resolution 588 of Economic Council of the D-XD2903 - League of Arab States (LAS), Dec 1973. Operations commenced May 1975. Also referred to originally as Arab Fund for Technical Assistance (AFTA). Changed name to Arab Fund for Technical Assistance to African and Arab Countries (AFTAAAC), 1992. Subsequently changed name back to original title.
Aims
Coordinate and finance technical assistance programmes to African and Arab countries arranged by the League of Arab States and other Arab specialized agencies; prepare surveys of development projects in African and Arab countries; provide consultancy services and experts; organize their exchange between Arab and African countries; coordinate scientific and technological development and the development of the means and modes of production between those same countries.
Activities
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Board of Directors, consisting of 7 experts appointed for a 3-year term by the Council of the League on the nominations by its members. The Secretary General of LAS is ex officio Chairman of the Board and the Directors-General of F-XF3515 - Arab Bank for Economic Development in Africa and ALECSO are ex officio members. The Fund is an organ of the LAS, but enjoys autonomy in the performance of its functions.
Finance
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XF4654
** UN SDGs are linked to the subject classification.
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