Overview of the Operations of the Arab Fund for the Year 2017
During the year 2017, the Arab Fund extended 13 loans, in 7 Arab countries, for a total amount of KD 458.0 million. These loans contributed to the implementation of 13 projects, including 12 new and 1 previously financed project. The total cost of these projects was estimated at about KD 928.9 million, with the loans provided by the Arab Fund covering about 49.3% of that amount. The share of loans provided to the energy and electricity sector represented about 39.3% of the total loan commitments during the year, that of the transport and telecommunications sector about 33.0%, that of the water and sewerage sector about 20.7%, and that of the industry and mining sector about 7.0%, of the total amount of loans.
During the same year, the Arab Fund provided 32 national and inter-Arab grants, for a total amount of about KD 7.2 million. These grants included 16 national grants for a total amount of about KD 4.8 million, about 68.3% of which was allocated for emergency programs, about 27.6% for institutional support and training, and about 4.1% for feasibility studies and project preparation. The grants also included 16 inter-Arab grants for a total amount of about KD 2.4 million, about 85.7% of which was allocated for institutional support and training and about 14.3% for seminars and conferences. The Arab Fund also continued its annual contribution to support the resistance of the Palestinian people, allocating during 2017 about KD 5.9 million to the fifteenth phase of the Urgent Program.