The Arab Fund for Economic and Social Development is an Arab regional financial institution. Its membership includes the Member States of the Organization of Islamic Conference, and it aims to achieve Arab integration and consolidation of joint cooperation between the Member States.
Abdullatif Youssef Al-Hamad is the Director General and the Chairman of the Arab Fund for Economic and Social Development since 1985. He is a Kuwaiti citizen born in 1937, holder of a bachelor degree in economics and a Masters in international relations from the University of Harvard and Stanford in the United States of America.
He is the Chairman of the Board of Directors of the United Bank of Kuwait in London from 1981 and until 1986. He assumed the post of the Minister of Finance of the State of Kuwait for three years, and he established the Arab Institution for Investment Guarantee in 1965, and played an important role in the establishment of the Arab Fund for Economic and Social Development.
He contributed to the funding of many development projects in the Arab world, and has had the upper hand in the establishment of the projects of “Meroe dam” in the Sudan.
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