What does AFESD mean in FUNDS
AFESD is an acronym for the Arab Fund for Economic and Social Development, an international financial institution established in 1973.
AFESD meaning in Funds in Business
AFESD mostly used in an acronym Funds in Category Business that means Arab Fund for Econimic and Social Development
Shorthand: AFESD,
Full Form: Arab Fund for Econimic and Social Development
For more information of "Arab Fund for Econimic and Social Development", see the section below.
Full Form and Meaning
- A: Arab
- F: Fund
- E: for
- S: Economic and
- D: Social Development
Objectives of AFESD
- Promote economic and social development in Arab countries
- Provide financial assistance and technical support for infrastructure projects, such as:
- Energy, water, and transportation
- Education, health, and housing
- Support private sector development and job creation
- Foster regional cooperation and integration
Key Features of AFESD
- Membership: Open to all Arab League member states
- Funding: Contributions from member states and other sources
- Operations: Provides loans, grants, and technical assistance to eligible projects
- Governance: Governed by a Board of Governors and a Board of Directors
Essential Questions and Answers on Arab Fund for Econimic and Social Development in "BUSINESS»FUNDS"
What is the Arab Fund for Economic and Social Development (AFESD)?
AFESD is an inter-Arab financial institution established in 1974. It provides loans and grants to Arab countries for economic and social development projects.
What are the objectives of AFESD?
AFESD aims to promote economic and social development in Arab countries by:
- Providing financial assistance for investment projects.
- Supporting social development programs.
- Fostering economic integration among Arab countries.
What types of projects does AFESD fund?
AFESD funds a wide range of projects, including:
- Infrastructure development (e.g., energy, transportation, water).
- Industrial development.
- Agricultural development.
- Education and health.
- Social welfare.
Who can apply for AFESD funding?
Arab governments and public-private partnerships are eligible to apply for AFESD funding.
What are the loan terms offered by AFESD?
AFESD's loan terms vary depending on the project's nature and the borrower's creditworthiness. Typically, loans have:
- Interest rates that are below market rates.
- Long repayment periods (up to 30 years).
- Grace periods for principal payments.
What is the total amount of funding provided by AFESD?
Since its establishment, AFESD has provided over USD 50 billion in loans and grants to Arab countries.
Final Words: The AFESD plays a significant role in promoting economic and social development in the Arab region. It provides financial resources and technical expertise to support sustainable growth, poverty reduction, and regional cooperation.
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| All stands for AFESD |