Arab Fund for Economic and Social Development

The Arab Fund for Economic and Social Development (AFESD) (Arabic: الصندوق العربي للإنماء الاقتصادي والاجتماعي), 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.