Press Releases
13-January-2026
Abidjan, Côte d’Ivoire, 13 January 2026_ The Arab Coordination Group (ACG) and the African Development Bank Group (AfDB) have today launched a new phase of their partnership aimed at scaling co-financing, mobilising private capital, and accelerating Africa’s economic transformation. The High-Level Consultation Meeting convened at the AfDB’s headquarters in Abidjan, established a common platform to […]
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07-January-2026
Kuwait City, 7 January 2026 — The Badir Fund for Developing Small and Medium Enterprises (SMEs), a special account managed by the Arab Fund for Economic and Social Development and dedicated to supporting SMEs, announced its investment in Middle East Venture Fund IV (MEVF IV). This investment aims to enable technology startups to access equity […]
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09-December-2025
Riyadh, December 9, 2025 — The Arab Coordination Group (ACG) convened a periodic technical meeting of Heads of Operations on December 8–9, 2025, in Riyadh, Saudi Arabia, to discuss joint initiatives and development projects. The meeting served as a routine session to continue ongoing work, deliver progress reports, and implement directives at the technical level. […]
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25-November-2025
The Government of Jordan, together with the Arab Fund for Economic and Social Development (AFESD) and the OECD Development Assistance Committee (OECD-DAC), convened a high-level Policy Dialogue on Harnessing Blended Finance for Public-Private Partnership (PPP) Projects in Jordan. This policy dialogue is part of the Arab Fund's Country Partnership Strategy (CPS) Jordan 2025–2029, and marks […]
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27-October-2025
Amman, Jordan – October 27, 2025 – The Arab Fund for Economic and Social Development (Arab Fund) is providing a subordinated loan of $25 million to Capital Bank of Jordan, the fourth largest private bank in Jordan, to support its capital base and help grow its lending operations to small and medium enterprises and climate […]
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15-October-2025
Washington, D.C., 15 October 2025 - The Arab Coordination Group (ACG) has celebrated its golden jubilee marking five decades of highly impactful work in supporting sustainable development around the world. The event, held on 15 October 2025, in Washington, D.C., was a chance to look back on the ACG’s achievements and lasting impact while also […]
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04-October-2025
Kuwait City, Kuwait – October 4, 2025 – The Arab Fund for Economic and Social Development announces today its efforts to strengthen collaboration with the International Monetary Fund (IMF) in areas where AI technologies can be harnessed for economic and inclusive growth across its member countries. The announcement followed an official visit to Kuwait by […]
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15-September-2025
Kuwait City, Kuwait – September 15th, 2025 – The Arab Fund for Economic and Social Development today announces that H.E. Mr. Fawzi Yousef Alhunaif assumed the role of Director General and Chairman of the Board of Directors, succeeding H.E. Bader Alsaad. Mr. Alhunaif, whose appointment was approved during the Joint Annual Meetings of Arab Financial […]
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22-July-2025
H.E. Dr. Rania Al-Mashat: A new partnership with the Arab Fund to empower the private sector, expand job opportunities, and support women’s economic inclusion. Cairo, Egypt – July 22, 2025 – The Arab Fund for Economic and Social Development (Arab Fund) announced its first private sector engagement in Egypt, providing USD 50 million to the […]
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21-July-2025
Cairo, Egypt – July 21, 2025 – The Arab Fund announces its first partnership with the European Bank for Reconstruction and Development (EBRD) to support entrepreneurship, innovation, and business sustainability in Egypt. This partnership, which marks Arab Fund’s first agreement with EBRD, aims to provide tailored business advice through seminars, workshops and training sessions to […]
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30-June-2025
Seville, June 30, 2025 – The Arab Fund for Economic and Social Development and the Asian Infrastructure Investment Bank (AIIB) formalized a strategic partnership through the signing of a memorandum of understanding aimed at deepening cooperation and accelerating the delivery of sustainable infrastructure across shared priority regions. The signing ceremony took place on the sidelines […]
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16-June-2025
Vienna – June 16, 2025 – The Arab Fund for Economic and Social Development (Arab Fund) joins regional development leaders at the 20th Annual Meetings of the Arab Coordination Group (ACG), the world’s second largest development finance group, hosted by the OPEC Fund for International Development, in Vienna. As a member of the […]
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16-June-2025
Vienna, June 16, 2025: The Arab Coordination Group (ACG), the world’s second-largest development finance group, extended US$19.6 billion collectively to fund nearly 650 operations in more than 90 countries in 2024. This significant financing was geared towards developing critical infrastructure, addressing global challenges like climate change and food security, and supporting international trade. The ACG […]
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04-June-2025
Tunisia – June 4, 2025 – The Arab Fund for Economic and Social Development concluded a high-level mission to Tunisia, reaffirming its strong and longstanding partnership with the country and its commitment to supporting the country’s economic growth and development plans. Arab Fund’s delegation, led by Mr. Bader Alsaad, Director General and Chairman of the […]
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02-June-2025
Abu Dhabi, United Arab Emirates – 2 June 2025 — In a strategic move to bridge the financing gap for small and medium enterprises (SMEs) across the Arab world, the Arab Fund for Economic and Social Development, through its SME financing arm, Badir Fund, is investing in Shorooq’s Nahda Fund II, a Qualified Investor Fund […]
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22-May-2025
Algiers, Algeria – May 22, 2025 – The Arab Fund for Economic and Social Development announced the signing of two Memorandums of Understanding to strengthen strategic partnerships and support regional growth and integration within the Arab World. The signing took place on the sidelines of the Islamic Development Bank (IsDB) Annual Meetings in Algiers, where […]
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06-May-2025
Beirut, Lebanon – May 6, 2025 – The Arab Fund for Economic and Social Development is set to conduct a two-day high-level mission to Lebanon from May 7 to 8, 2025, marking its first official visit to the country since March 2023. The mission, headed by Mr. Bader Al-Saad, Director General and Chairman of the […]
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10-April-2025
*The Country Strategy will be supported by a financing package of $690 million *The Joint Declaration for the launching of the Country Partnership Strategy (CPS) for Jordan (2025-2029) along with a loan agreement were signed on the sidelines of the joint annual meetings of Arab Financial Institutions in Kuwait. *The joint annual meetings were held […]
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08-April-2025
Kuwait, April 8, 2025 – The Arab Fund for Economic and Social Development and the Arab Monetary Fund (AMF) are organizing the joint annual meetings of Arab financial institutions and the 16th regular session of the Council of Arab Finance Ministers tomorrow (Wednesday, April 9), at the St. Regis Hotel in Kuwait City. The opening […]
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26-March-2025
The facility marks Arab Fund’s first trade financing agreement under its new private sector development strategy Kuwait, March 26, 2025 – The Arab Fund for Economic and Social Development today announces its first trade financing facility with INVESTBANK- a leading bank in providing innovative solutions in Jordan, by providing up to $10 million credit line […]
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20-February-2025
Kuwait, February 20, 2025 – The Arab Fund for Economic and Social Development and the United Nations Economic and Social Commission for Western Asia (UN-ESCWA) signed a Memorandum of Understanding (MoU) to enhance the Arab Development Portal, a key online data resource for Arab countries. This collaboration aims to speed up Arab countries’ progress towards […]
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18-February-2025
Kuwait, February 18, 2025 – The Arab Fund for Economic and Social Development and the Badir Fund for Developing Small and Medium Enterprises, in partnership with the United Nations Development Programme (UNDP) Sustainable Finance Hub, are hosting a workshop on Impact Measurement & Management (IMM) in Development Finance. The workshop aims to help both funds […]
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20-January-2025
His Royal Highness, Prince El Hassan bin Talal of Jordan, is joining global leaders and experts to promote progress on water resilience and sustainability Kuwait, January 20, 2025 – The Arab Fund for Economic and Social Development (AFESD), in partnership with the World Bank Group, will hold a high-level forum to address the urgent water […]
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19-December-2024
The Arab Fund and ILO Collaborate to Boost Employment Impact of Development Programs Kuwait, December 19, 2024 – The Arab Fund for Economic and Social Development and the International Labour Organization (ILO) jointly concluded a two-day workshop to promote sustainable employment impact in development operations and support inclusive growth across the Arab region. The workshop, […]
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09-December-2024
The Arab Fund Launches Water Observatory to Advance Investments in Regional Water Security at COP16 Riyadh, Kingdom of Saudi Arabia, December 9, 2024–The Arab Fund for Economic and Social Development (AFESD) unveiled its plans to establish a Water Observatory at the 16th session of the Conference of the Parties (COP16) of the United Nations Convention […]
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03-December-2024
Arab Coordination Group (ACG) pledges US$10 billion by 2030 to combat desertification and land degradation 3rd December 2024, Riyadh, Saudi Arabia: The Arab Coordination Group (ACG), a strategic alliance of ten leading development finance institutions, announced today a landmark commitment of up to US$10 billion by 2030 to address the critical challenges of land degradation, […]
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02-December-2024
Arab Coordination Group (ACG) to showcase unified climate action at UNCCD COP16 in Riyadh 2nd December 2024, Riyadh Saudi Arabia: The Arab Coordination Group (ACG), a strategic alliance of ten national and regional development institutions, will actively participate in the 16th session of the Conference of the Parties (COP16) of the United Nations Convention to […]
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