Annual Report 2012 - Arab Fund for Economic and Social ...arabfund.org/Data/site1/pdf/Annual_Report_2012_E.pdf · Annual Report 2012 3 Arab Fund For Economic & Social Development

P. O. Box: 21923 Al-Safat 13080 Kuwait - Tel.: + 965 24959000 - Facsimile: +965 2481575070/60/Email: [email protected] - Internet Web Site: www.arabfund.org - Address: Arab Organizations Headquarters Building - Airport Road, Shuwaikh Kuwait - State of Kuwait

Arab Fund for Economic & Social Development

Ann

ual R

epor

t 201

2

Annual Report 2012

Annual Report 2012 1

Arab Fund for Economic & Social Development

Annual Report 2012

Arab Fund for Economic & Social DevelopmentP.O. Box: 21923 - Safat 13080, Kuwait

Telephone: +965 24 95 90 00Facsimile: +965 24 81 57 50 / 60 / 70

Electronic Mail: [email protected] Web Site: www.arabfund.org

Address: Arab Organizations Headquarters Building Airport Road, Shuwaikh Kuwait - State of Kuwait

2 Annual Report 2012


Arab Fund For Economic & Social Development

Member States, Governors and Alternate Governors

(1) States are listed in the order in which their names appear in the list of signatories to the Agreement Establishing the Fund, and according to the date of adhesion to the Agreement.

(2) Names of Governors and Alternate Governors are given as at 31/12/2012.* Membership suspended pursuant to Board of Governors’ Resolution No. 3 of 1993, which has been extended annually by subsequent resolutions of the Board of Governors until 2012.

Member States(1) Governors(2) Alternate Governors(2)

The Hashemite Kingdom of Jordan H.E. Dr. Jafar Hassan H.E. Dr. Saleh A. Al-Kharabsheh

The Republic of Tunisia H.E. Mr. Riadh Bettaieb -

The Algerian Democratic and People’s Republic H.E. Mr. Karim Djoudi -

The Republic of Sudan H.E. Mr. Ali Mahmoud Abdul-Rasool -

The Republic of Iraq - -

The Kingdom of Saudi Arabia H.E. Dr. Ibrahim Bin Abd-El-Aziz Al- Assaf -

The Syrian Arab Republic - -

Libya H.E. Dr. Al-Kilani Abdul Karim Al-Kilani -

The Arab Republic of Egypt H.E. Dr. Ashraf Al-Arabi -

The Republic of Yemen H.E. Dr. Mohammed Saeed Al-Saadi H.E. Dr. Mohamed Ahmed Ali Al-Hawri

The State of Kuwait H.E. Mr. Mustafa Al-Shamali -

The Republic of Lebanon H.E. Mr. Nabil Adnan Al-Jisr H.E. Mr. Alain Bifani

The Kingdom of Morocco H.E. Mr. Nizar Baraka H.E. Mr. Khalid Safir

United Arab Emirates H.E. Mr. Obaid Humaid Al-Tayer -

The Kingdom of Bahrain H.E. Sheikh Ahmed Bin Mohammed Al-Khalifa H.E. Mr. Yousif Abdulla Humood

The State of Qatar H.E. Mr. Yousef Hussain Kamal -

The Somali Democratic Republic* - -

The Islamic Republic of Mauritania H.E. Dr. Sidi Ould Bebbaha Ould Tah H.E. Mr. Ahmedo Ould Ely

Sultanate of Oman H.E. Mr. Darwish Bin IsmaeelBin Ali Al-Bulushi -

Palestine H.E. Dr. Nabil Hani Al-Qaddumi H.E. Dr. Ismail El-Zabri

The Republic of Djibouti H.E. Mr. Ilyas Moussa Dawaleh -



Director General / Chairman of the Board of Directors

Mr. Abdlatif Y. Al-Hamad

Members of the Board

Mr. Abdulwahab Al-Bader

Mr. Ibrahim Bin Mohamed Al Mofleh

Mr. Benaouda Merad

Mr. Taher Sarkez

Dr. Samir El Sayiad

Mr. Mohamed Abdulbaki

Mr. Ali Bin Mohammad Redha Bin Jaffar

Mr. Fouzi Lekjaa

Board of Directors



(KD Million)

Capital 2,000.0

Total Resources 2,808.6

Loans

Number of Loan Agreements Signed During the Year 13

Total Amount of Loan Agreements Signed During the Year 379.0

Total Number of Loans 593

Cumulative Loan Agreements Signed 7,598.1

Cumulative Disbursements on Effective Loans 5,105.1

Cumulative Loan Repayments 2,539.9

Debt Owed to the Arab Fund 2,565.2

Grants

Total Number of Grants 1,009

Cumulative Grant Commitments 183.4

Cumulative Grant Disbursements 137.0

Basic Financial Data on the Arab Fund

as at 31/12/2012



Overview of Arab Fund Activities

Introduction

During 2012, the Arab Fund’s lending program focused on continued support to Arab countries’ efforts in implementing high-priority economic and social projects. Priority was given to infrastructure projects aimed at providing basic services, increasing production capacity, and improving the investment environment. The Arab Fund also continued to allocate national and inter-Arab grants to member countries aimed at providing institutional support and training, conducting studies and research, organizing seminars and conferences, as well as implementing emergency programs in some countries.

Public Sector

The Arab Fund extended 13 loans to the public sector in 2012, in 9 Arab countries, for a total amount of about KD 379.0 million. These loans were used for the implementation of 13 projects, including one previously financed project and 12 new projects. The total cost of these projects was estimated at about KD 2.2 billion, with the loans provided by the Arab Fund covering about 17.5% of that amount. The share of loans provided to the transport and telecommunications sector represented about 32.7% of the total loan commitments during the year, and that of the energy and electric power sector about 27.2%. The water and sewerage sector accounted for about 17.1%, the social services sectors for about 11.1%, and the other sectors for about 11.9%, of the total amount of loans.

Private Sector

The Arab Fund started to finance private sector projects in 2001. During the year, the Arab Fund contributed to the capital of a storage services company in Egypt with an amount of about KD 1.7 million.

Cumulative Loans

Since the commencement of its activities in 1974 and until the end of 2012, the cumulative number of loans provided by the Arab Fund to the public and private sectors has reached 593 loans for a total amount of about KD 7.6 billion. These loans contributed to the financing of 499 projects in 17 Arab countries, and covered about 25.1% of the total cost of these projects. The infrastructure sectors received the majority of loans extended during that period, with a share of about 69.7% of the total amount of loans, followed by the productive sectors with about 20.0%, then the social services sectors with about 7.6%, and finally the other sectors with about 2.7%. The cumulative number of loans extended to the private sector reached 12 loans for a total amount of KD 48.3 million, covering about 16.2% of the total cost of these projects. The Arab Fund also contributed to the capital of 6 private companies with an amount equivalent to KD 25.2 million. Cumulative disbursements of loans extended by the Arab Fund over that period amounted to about KD 5.1 billion, representing about 78.7% of the net amount of effective loans.


Grants

The Arab Fund provided 26 national and inter-Arab grants in 2012, for a total amount of about KD 7.5 million. These grants included 12 national grants for a total amount of about KD 4.7 million, about 65.5% of which was allocated for the implementation of emergency programs, and about 34.5% for institutional support and training. The grants also included 14 inter-Arab grants for a total amount of about KD 2.8 million, about 89.1% of which was allocated for institutional support and training, and about 10.9% for seminars and conferences.

Cumulative Grants

The cumulative number of grants extended by the Arab Fund, since the commencement of its operations and until the end of 2012, reached 1009 grants, for a total amount of about KD 183.4 million. They included 528 national grants amounting to about KD 127.2 million and 481 inter-Arab grants amounting to about KD 56.2 million. About 80.3% of the net amount of these grants was disbursed.

Support to Palestine

The Arab Fund continued its contribution to the Urgent Program to Support the Palestinian People, in compliance with the decisions of the Arab Fund’s Board of Governors since 2001. During 2012, the Arab Fund allocated about KD 6.9 million to the tenth phase of the program. Thus, the total contribution of the Arab Fund to this program over the period 2001-2012 reached about KD 113.6 million.

Other Activities The Arab Fund continued to act as the Coordination Secretariat of the Coordination Group, which includes Arab national and regional development institutions, and organized the group’s periodic meetings. The Group also held several meetings with international and regional institutions, aimed at strengthening cooperation and coordination with these institutions in order to support development in the world in general, and in the Arab region in particular.

The Arab Fund financed a study on integrated Arab electrical interconnection and use of natural gas, aimed at choosing the best mix of exporting electricity versus natural gas to be used in generating electricity, in order to identify the best strategy for each Arab country individually and for all Arab countries as a group. The first three stages of the study were completed by the end of 2012, and the last four stages are expected to be completed before the end of August 2013.

The Arab Fund participated during the year in the preparation of the Joint Arab Economic Report. The Arab Fund also participated at the meeting of the Scientific Committee and the Donors’ Committee of the Research Initiative for Arab Development, financed by the Arab Fund in cooperation with the World Bank.


Financial Statements

According to the Arab Fund’s financial statements for the year ending 31/12/2012, total income was about KD 112.00 million compared to about KD 76.19 million in 2011, while total administrative expenses were about KD 8.38 million compared to about KD 7.39 million in 2011. Thus, the Arab Fund’s net profit for the year 2012 was about KD 103.62 million, compared to about KD 68.79 million for the year 2011. The statements also show that total member countries’ equity was about KD 2,808.63 million as at 31/12/2012, compared to about KD 2,717.20 million at the end of 2011.


First: The Lending Program

Preamble

During 2012, the Arab Fund continued to support projects that receive high priority in the development plans of Arab countries and strengthen their economic and social development efforts. The lending program for the year focused mainly on projects in the transport and telecommunications sector, the energy and electric power sector, and the water and sewerage sector, in order to improve the quality of infrastructure and services in the member countries. The Arab Fund also provided financing to emergency programs to support small and medium private sector projects, in addition to projects in the social services sectors.

Study and Appraisal of Projects

In order to contribute to the financing of development projects in member countries, the Arab Fund continued to study the requests for project financing it received from these countries. These projects were then appraised by the Arab Fund’s technical staff through office work and field trips to ensure their technical and economic feasibility, and their conformity with development program priorities in member countries. During 2012, 15 projects were appraised; the total amount of loans expected to be provided for these projects is about KD 339.0 million.

Loan Agreements Signed During 2012

A total of 13 loan agreements were signed during the year, for a total amount of about KD 379.0 million. These loans contributed to the financing of 13 public sector projects in 9 Arab countries. The total cost of these projects was estimated at about KD 2.2 billion, with the loans provided by the Arab Fund covering about 17.5% of that amount.

Effective Loan Agreements

A total of 13 loan agreements with 6 Arab countries, amounting to about KD 354.0 million, became effective in 2012. These loans were provided for the implementation of strategic projects in areas that included energy, transport, water and integrated development.

Public Sector Projects

The Arab Fund extended 13 public sector loans during the year, amounting to KD 379.0 million, for the implementation of 12 new projects and 1 previously financed project. Table 1 shows the loan commitments by the Arab Fund during 2012, and Annex 1 provides the project sheets for these loans.

Infrastructure sectors accounted for about 77.0% of the total amount of loans provided during 2012, in light of priorities of member countries’ plans and programs that focused


on improving these sectors and providing an environment conducive to investment. Four loans were extended to finance transport projects, and amounted to KD 124.0 million or about 32.7% of the total. These projects aim at developing and improving land transport services in Morocco and Sudan, and developing maritime transport services through the construction of a new port in Tadjourah, Djibouti.

Three loans were extended to finance energy and electric power projects in three Arab countries, namely, Egypt, Yemen and Jordan. These loans, amounting to KD 103.0 million, represented about 27.2% of the total amount of loans provided during the year. The projects aim at satisfying the increasing demand for electricity in the beneficiary countries. Three loans were also allocated for water projects, and amounted to KD 65.0 million. The projects aim at satisfying the increasing demand for drinking water in Bahrain, Mauritania and Sudan. The loans provided by the Arab Fund during the year also included a loan in the amount of KD 42.0 million to finance the integrated development program in Tunisia, in addition to two loans for a total amount of KD 45.0 million to finance small and medium private sector projects in Tunisia and Egypt.


Table 1Loan Commitments During 2012

No. Country Project Amount of Loan(KD Million)

Date of Signature of Loan Agreement

1 Republic of Tunisia Urgent Program to Support Small Private Sector Projects 15.0 12/01/2012

2 Republic of Tunisia Integrated Development Program 42.0 12/01/2012

3 Kingdom of Bahrain Development of Water Supply Network 30.0 07/02/2012

4 Kingdom of Morocco High-Speed Train Tangier – Casablanca 30.0 14/02/2012

5 Arab Republic of Egypt South Helwan Power Generating Station 55.0 29/03/2012

6 Arab Republic of EgyptUrgent Program to Support Small and Medium Private Sector Projects and Enterprises

30.0 29/03/2012

7 Republic of Djibouti Port of Tadjourah 10.0 17/04/2012

8 Republic of Sudan East Sudan Roads 54.0 17/04/2012

9 Kingdom of Morocco El Jadida – Safi Motorway 30.0 17/04/2012

10 Islamic Republic of Mauritania

Water Supply to Eastern Cities and Villages from Dhar Basin 20.0 17/04/2012

11 Republic of Yemen Construction of a 60 MW Wind Farm in the Al-Mokha Area 18.0 17/04/2012

12 Republic of Sudan Water Harvesting in Border Provinces 15.0 17/04/2012

13 Hashemite Kingdom of Jordan

Al-Samra Electric Power Generating Station (Phase V) 30.0 12/06/2012

Total 379.0


Private Sector Projects

During 2012, the Arab Fund contributed to the capital of a storage services company in Egypt, with an amount of about KD 1.7 million. During the year, the Arab Fund also appraised a sugar project in Egypt, and agreed to evaluate three private sector projects: a social housing project in Morocco, a hospital in the United Arab Emirates and a glass factory in Egypt. Furthermore, several requests for financing private sector projects in areas including industry, energy, construction, agriculture and tourism, are currently under study.

Monitoring of Projects

The Arab Fund continued to monitor the progress of ongoing projects, follow the implementation of the covenants set forth in their loan agreements, and take the necessary steps to ensure their proper implementation. During 2012, 11 projects were completed; their total cost amounted to about KD 1.1 billion, with the Arab Fund covering about 19.9% of that cost.

Cumulative Lending Activities

Since the commencement of its operations in 1974 and until the end of 2012, the Arab Fund extended 593 loans, for a total amount of about KD 7.6 billion. These loans contributed to the financing of 499 projects in 17 Arab countries, and covered about 25.1% of the total cost of these projects. Annex 3 presents a summary of the loans extended to member countries over the period 1974-2012, while Annex 5 provides details on these loans.

The cumulative amount of loans extended by the Arab Fund for infrastructure projects reached about KD 5.3 billion, or about 69.7% of the total amount of loans, of which about KD 2.5 billion was earmarked for energy and electric power projects, about KD 2.0 billion for transport and telecommunications projects, and about KD 0.8 billion for water and sewerage projects.

Loans for productive sector projects amounted to about KD 1.5 billion, or about 20.0% of the total amount of loans, of which about KD 1.1 billion was earmarked for projects in agriculture and rural development, and about KD 0.4 billion for projects in industry and mining. Loans for projects in social services sectors amounted to about KD 0.6 billion, accounting for about 7.6% of the total, and were allocated to finance projects in education, healthcare, housing and social development. The remaining 2.7% of the total amount of loans, about KD 0.2 billion, was provided to finance projects in other activities.

In addition to financing the main components of projects, the loans also contributed to institutional support of the entities involved and training of their employees in order to enhance their efficiency. Table 2 shows the sectoral distribution of the loans extended by the Arab Fund during 2012 and over the period 1974-2012, while Annex 4 provides a summary of that distribution among beneficiary member countries over the same period.


The cumulative lending activities of the Arab Fund also included 12 loans for private sector projects, for a total amount of KD 48.3 million, which contributed to 10 projects in Bahrain, Yemen, Mauritania, Sudan and Jordan. These loans covered various areas, such as health services, tourism, iron and steel production, glass manufacturing, glass coating, cement, grain silos and flour mills, sugar refining and lease financing. In addition to the loans extended to the private sector, the Arab Fund also contributed to the capital of 6 private companies in 4 Arab countries in the areas of healthcare, glass container manufacturing, iron and steel production, cement production, power generation and storage facilities.

Inter-Arab Projects

The Arab Fund maintained its support to joint Arab efforts to build a basic framework and to strengthen means of communication and interconnections between member countries. Since the start of its operations in 1974 and until the end of 2012, the Arab Fund extended 65 loans for a total amount of about KD 349.1 million. These loans contributed to the implementation of 31 inter-Arab projects in the areas of telecommunications, electric power, natural gas and international roads. Total disbursements of these loans reached about KD 291.7 million at the end of 2012, or about 94.8% of their net amount. Annex 6 provides details on the loans extended by the Arab Fund to finance inter-Arab projects over the period 1974-2012.


During 2012 During the Period 1974 - 2012

Energy & Electric Power%27.2

Water & Sewerage

%17.1

Transport & Telecom

%26.3

Other Sectors%2.7

Agriculture & Rural Dev.

%14.2

Industry & Mining

%5.8

Water &Sewerage

%10.3

Social Services%7.6

Transport & Telecom

%32.7

Other Sectors%11.9

Social Services

%11.1

Sector2012 1974 - 2012

Amount % Amount %

1. Infrastructure Sectors

Transport and Telecommunications 124.00 32.7 1,995.90 26.3

Energy and Electric Power 103.00 27.2 2,516.75 33.1

Water and Sewerage 65.00 17.1 785.25 10.3

Subtotal 292.00 77.0 5,297.90 69.7

2. Productive Sectors

Industry and Mining 0.00 0.0 440.03 5.8

Agriculture and Rural Development 0.00 0.0 1,074.80 14.2

Subtotal 0.00 0.0 1,514.83 20.0

3. Social Services Sectors* 42.00 11.1 578.50 7.6

4. Other Sectors** 45.00 11.9 206.83 2.7

Grand Total 379.00 100.0 7,598.05 100.0

* Include Education, Health, Housing and Social Development.** Include Loan Commitments for Emergency Projects.

Table 2 Loan Commitments by Sector

(KD Million)

Sectoral Distribution of Loan Commitments (Percentage)

Energy & Electric Power%33.1


Co-Financing Activities

The Arab Fund also continued its co-financing of projects in Arab countries with Arab national, regional and international development institutions. During 2012, six projects were co-financed with other institutions. These projects included land and maritime transport projects, electric power generation and water projects. During the period 1974-2012, the total contribution of the Arab Fund to projects co-financed with Arab national, regional and international development institutions reached about KD 3.6 billion, representing about 32.0% of the total amount of co-financing of about KD 11.2 billion. Annex 8 provides details on co-financing activities over that period.

Disbursements and Repayments

Total disbursements during 2012 amounted to about KD 235.0 million, of which about KD 0.5 million were disbursed to finance private sector projects. Cumulative disbursements of all loans over the period 1974-2012 amounted to about KD 5,105.1 million, including KD 39.3 million for private sector projects. Repayments of loans in 2012 amounted to about KD 165.3 million, of which about KD 1.8 million were from the private sector. Cumulative repayments over the period 1974-2012 totaled about KD 2,539.9 million, which represented about 49.8% of cumulative disbursements.


Box 1Integrated Rural Development

The Arab Fund’s involvement in rural development, in light of the priorities and needs set by its member countries, is based on its interest in the development of the agricultural sector, including the development of agricultural productivity sources and the achievement of sustainable agricultural development. Rural development also aims at alleviating poverty and improving the standard of living of the population in these areas. In this context, the Arab Fund contributed to the financing of integrated rural development projects in five Arab countries, Tunisia, Sudan, Syria, Palestine and Yemen. These projects aimed at developing the poorest rural areas and improving the livelihoods of their inhabitants, by developing the human and natural resources available as well as improving medical and social services, constructing housing units, providing electricity and water, and developing the infrastructure needed to increase agriculture and livestock production, and raise the rural population’s income, thus contributing to a reduction in the difference between rural and urban standards of living, and decreasing the level of immigration to urban areas.

The Arab Fund provided seven loans for integrated rural development projects to the Arab countries listed above, for a total amount of about KD 52.5 million. These loans contributed to the financing of 20% of the total cost of these projects which amounted to about KD 265 million. These projects resulted in the reclamation of around 66,000 hectares of agricultural land, and the implementation of around 3,500 projects which focused on rehabilitating, digging and lining wells, as well as establishing water storage tanks and distribution networks to improve the efficiency of irrigated and rain-fed agriculture. These projects also contributed to providing 75,000 people with drinking water, irrigation water for approximately 150,000 hectares of land, and replacing the old crop systems with modern ones, thus allowing for an increase in crop production. These projects also facilitated the establishment of rural agricultural extension centers, and the provision of loans for rural women to create income generating projects in the fields of livestock, poultry, food industry and crafts.

The integrated development project in Tunisia, to which the Arab Fund contributed with two loans totaling around KD 35 million, is considered the leading project of this type in the Arab world. This project aimed at developing rural areas in order to make agricultural activities more attractive, through resettling the rural population, improving the economic and social conditions in these areas, and supporting the development of water resources. This project involved 215 projects with the basic elements of development, specifically potable water centers, rural roads, housing, medical and social centers, electrical connections, and more efficient water usage. This project was characterized by the successful integration between infrastructure and production elements. Some of its most important achievements included digging and preparation of 4,500 surface wells and 124 deep wells, providing sustainable irrigation to 5,000 hectares of land, planting 48,000 hectares of crop bearing trees, protecting about 60,000 hectares of agricultural land from drift and desertification, developing about 63,000 hectares of pasture land, constructing 1,700 km of rural roads, providing around 16,000 families with electricity, providing around 15,000 families with drinking water, providing around 7,000 families with housing, and providing loans to about 2,500 hunters and craftsmen to enable them to purchase modern equipment for their activities.

This project had a significant impact on the rural communities of Tunisia, as it contributed to increasing the beneficiaries’ income by around 25%, improving the health and living conditions of the rural population, protecting the environment through increasing farmland and conserving water and soil, as well as alleviating poverty in the most disadvantaged areas.


Second: Grants

Grants During 2012

Many grant applications were reviewed during 2012, and priorities were determined in coordination with the concerned institutions in the member countries, subject to available resources. A total of 26 grants, amounting to about KD 7.5 million, were approved during the year. These grants included 12 national grants which amounted to about KD 4.7 million, and were provided to 9 Arab countries. The grants also included 14 inter-Arab grants which amounted to about KD 2.8 million, and were allocated to support activities of common interest to most Arab countries. Table 3 presents the national and inter-Arab grants approved during 2012.

The Arab Fund continued to give priority to activities that reinforce institutional support and training, with 19 grants allocated to these activities for a total amount of about KD 4.1 million, representing about 54.5% of total grants provided during the year. These grants included 10 national grants for a total of about KD 1.6 million, and 9 inter-Arab grants for a total of about KD 2.5 million. The grants aimed at enhancing the performance of specialized institutions by improving the quality of services they provide, in addition to supporting the activities of research and education centers, contributing to the construction and development of several health centers and providing them with equipment to support their services, as well as controlling some animal diseases in Arab countries. The remaining national and inter-Arab grants provided by the Arab Fund during the year included 2 grants, for a total amount of about KD 3.1 million, allocated for the implementation of emergency programs. These grants, representing about 41.5% of the total amount of grants allocated during the year, were extended as a contribution to the operations aimed at alleviating some effects of the events and disturbances endured by Yemen, and to the construction of reservoirs and desert dams in Jordan. Grants were also allocated for the organization of five seminars and conferences that addressed development issues of concern to Arab countries. Table 4 shows the grant commitments by activity.

Cumulative Grants

Since the beginning of its operations and until the end of 2012, the Arab Fund provided 1009 grants for a total amount of about KD 183.4 million. They included 528 national grants, amounting to about KD 127.2 million, which were allocated as follows: about KD 62.4 million for institutional support and training, about KD 16.3 million for feasibility studies and project preparation, about KD 5.0 million for general studies and research, and about KD 154 thousand for seminars and conferences. These grants aimed at improving the performance of specialized institutions, enhancing the quality of services they provide, training their employees and managers, developing their information and data systems, undertaking population censuses, supporting the activities of several research centers, and preserving national heritage. Furthermore, national grants included 27 grants, for a total amount of about KD 43.3 million, which were allocated to support emergency programs to alleviate the effects of natural disasters, local disturbances, or damage


caused by external aggression in some Arab countries.The grants provided over the same period also included 481 inter-Arab grants, amounting to about KD 56.2 million, which were allocated as follows: about KD 31.1 million to provide institutional support and training programs in several specialized scientific and research centers, about KD 12.5 million to undertake general studies and research in various economic and social development areas, about KD 6.4 million to conduct feasibility studies for specific projects, about KD 4.3 million to organize seminars and conferences to discuss priority development issues for Arab countries, in addition to about KD 2.0 million to implement emergency programs.

Grant Disbursements

Cumulative disbursements of grants approved over the period 1974-2012 amounted to about KD 137.0 million, which constitutes approximately 80.3% of the net amount of grants. Annex 7 provides a summary of the grants committed and disbursed over that period. During 2012, a total of 28 grants, amounting to about KD 7.1 million, were completed. This brought the total number of grants completed during the period 1974-2012 to 837, with a cumulative amount of about KD 123.6 million, while a total of 133 grants, amounting to about KD 53.3 million, remained under execution.

Support to Palestine

The total amount of contributions made by the Arab Fund to Palestine, since the beginning of its operations and until the end of 2012, reached about KD 159.1 million, including about KD 142.1 million in the form of grants, and the remaining in the form of loans provided to the Palestinian National Authority.

The Urgent Program: The Arab Fund continued its efforts to support the Palestinian people and limit the deterioration of the economic and social conditions in the occupied territories. During 2012, the Arab Fund allocated an amount of about KD 6.9 million, or about 10.0% of the Arab Fund’s net income for 2011, to contribute to the tenth phase of the Urgent Program to Support the Palestinian People, initially started in 2001. Thus, the total contribution of the Arab Fund to this program over the period 2001-2012 reached about KD 113.6 million. This program includes support to educational institutions (universities and colleges), and institutions and civil society entities concerned with social services and rural development. The program is being implemented at an acceptable pace despite the difficulties encountered from the Israeli occupation authorities. The Arab Fund made those contributions through cooperation and coordination with civil society entities and some governmental institutions.

Areas of intervention under the program included support for basic and higher education, and training and qualifying graduates. The program enabled thousands of university students to continue their education through coverage of their tuition and fees, contributed to the construction of classrooms to meet the needs of basic education, and provided support to social institutions and civil society entities to allow them to provide the best


services. Areas of intervention of the program also included social welfare homes, motherhood and childhood, handicapped and those with special needs, orphanages, in addition to the reactivation of the industrial and agricultural sectors through support to small enterprises, establishment of industrial zones for craftsmen, and support to small farmers.

The support also included provision of medical devices and equipment to hospitals and medical centers, contributions to the construction of health centers specializing in cardiology, ophthalmology, birth and primary health care, in addition to the development of infrastructure such as water and electricity facilities, and delivery of drinking water to deprived areas.

The support provided by the Arab Fund to Palestine contributed to the containment of the destructive impact of the occupation policies, and to the preservation of institutions and civil society entities, and enabled them to provide better services to the Palestinian community. The program also contributed to the perseverance of Palestinian residents and their presence in Palestine in the face of the expulsion campaigns, in addition to the improvement of their living and environmental conditions by providing them with suitable housing, and health, educational and cultural services.

Cooperation with International and National Financial Institutions: The Arab Fund continued its administration and follow-up of grants provided by the OPEC Fund for International Development to Palestine. The total number of grants reached 297, amounting to about US Dollars 59.1 million. Disbursements of these grants amounted to about US Dollars 49.9 million, or about 84.4% of the total. The Arab Fund also maintained its cooperation with the Islamic Development Bank, which monitors the implementation of projects financed through Al-Aqsa Fund. This cooperation included support to rural development projects, economic empowerment, urgent reconstruction of historic buildings, construction of roads and schools, rehabilitation of water wells, reclamation of agricultural land, coverage of tuition and fees of university students, and support to non-governmental organizations that provide health, social and education services. The total committed amount is estimated at about KD. 27.8 million, including support to Jerusalem. Coordination between the Arab Fund and the Islamic Development Bank also took place regarding the selection of projects to be financed under the tenth phase of the urgent program.


Tabl

e 3

Gra

nts

App

rove

d D

urin

g 20

12

No.

Be

nefic

iary

/Gra

nt

Am

ount

Allo

cate

d(K

D 0

00)

No.

of

Gra

ntD

ate

of B

oard

App

rova

l

A: N

atio

nal G

rant

s

1K

uwai

t/ C

ontri

butio

n to

the

Con

stru

ctio

n an

d Fu

rnis

hing

of B

ayt A

bdul

lah

of K

uwai

t Ass

ocia

tion

for t

he

Car

e of

Chi

ldre

n in

Hos

pita

l (2)

500

3/20

1205

/03/

2012

2Eg

ypt/

Con

tribu

tion

to th

e M

aint

enan

ce o

f the

Egy

ptia

n Sc

ient

ific

Com

plex

, and

to th

e R

esto

ratio

n an

d M

oder

niza

tion

of it

s Equ

ipm

ent a

nd F

urni

ture

(2)

50

4/20

1205

/03/

2012

3Eg

ypt/

Fina

ncin

g th

e C

ompl

etio

n of

a S

ecur

ity S

yste

m a

nd th

e Es

tabl

ishm

ent o

f a C

omm

unic

atio

n N

etw

ork

for t

he A

cade

my

of th

e Ara

bic

Lang

uage

(2)

100

10/2

012

16/0

4/20

12

4Sa

udi A

rabi

a/ C

ontri

butio

n to

the

Expa

nsio

n of

the

Elde

rly W

omen

’s S

ectio

n in

Prin

ce S

alm

an S

ocia

l C

ente

r (2)

250

12/2

012

16/0

4/20

12

5M

oroc

co/ C

ontri

butio

n to

the

Info

rmat

ion

Prog

ram

of t

he N

atio

nal F

und

of S

ocia

l Wel

fare

Org

aniz

atio

ns (2

)10

015

/201

221

/06/

2012

6M

aurit

ania

/ Con

tribu

tion

to th

e Pr

ojec

t to

Supp

ort t

he C

apab

ilitie

s of t

he D

epos

it an

d D

evel

opm

ent F

und

(2)

100

16/2

012

21/0

6/20

12

7Ye

men

/ Con

tribu

tion

to O

pera

tions

Aim

ed a

t Alle

viat

ing

Som

e Ef

fect

s of t

he E

vent

s and

Dis

turb

ance

s En

dure

d by

the

Cou

ntry

(5)

2,81

117

/201

221

/06/

2012

8Le

bano

n/ C

ontri

butio

n to

the

Con

stru

ctio

n of

a T

reat

men

t and

Reh

abili

tatio

n C

ente

r for

Add

icts

in S

idon

an

d th

e Su

rrou

ndin

g A

reas

(2)

300

19/2

012

21/0

6/20

12

9K

uwai

t/ Su

ppor

ting

the A

ctiv

ities

of t

he K

uwai

t Pub

lic R

elat

ions

Ass

ocia

tion (2

) 5

DG

/21-

2012

16/0

8/20

12

10Jo

rdan

/ Con

tribu

tion

to th

e C

onst

ruct

ion

of R

eser

voirs

and

Des

ert D

ams (5

)30

022

/201

217

/12/

2012

11Su

dan/

Con

tribu

tion

to th

e C

onst

ruct

ion

and

Equi

ppin

g of

the A

dmin

istra

tion

Bui

ldin

g of

the

Facu

lty o

f A

dmin

istra

tive

Scie

nces

at t

he U

nive

rsity

of D

ongo

la (2

) 30

23/2

012

17/1

2/20

12

12Eg

ypt/

Con

tribu

tion

to th

e Acq

uisi

tion

of M

edic

al E

quip

men

t for

the

Nat

iona

l Can

cer I

nstit

ute

(2)

200

24/2

012

17/1

2/20

12

Subt

otal

4,74

6

(1) F

easi

bilit

y St

udie

s an

d Pr

ojec

t Pre

para

tion

(2) I

nstit

utio

nal S

uppo

rt an

d Tr

aini

ng(3

) Gen

eral

Stu

dies

and

Res

earc

h

(4

) Sem

inar

s an

d Co

nfer

ence

s(5

) Em

erge

ncy

Prog

ram

s


No.

Bene

ficia

ry/G

rant

Am

ount

Allo

cate

d(K

D 0

00)

No.

of G

rant

Dat

e of

Boa

rd A

ppro

val

B: In

ter-

Ara

b G

rant

s

1A

rab

Plan

ning

Inst

itute

/ Con

tribu

tion

to th

e In

stitu

te’s

Pro

gram

s and

Act

iviti

es fo

r the

yea

r 20

11/2

012,

and

to

the

Res

tora

tion

of it

s Bui

ldin

gs a

nd to

the

Prov

isio

n of

Nec

essa

ry E

quip

men

t (2)

300

1/20

1205

/03/

2012

2Th

e Ara

b O

rgan

izat

ion

for A

gric

ultu

ral D

evel

opm

ent/

Fina

ncin

g th

e N

atio

nal P

rogr

am to

Fig

ht C

ross

-B

orde

r Ani

mal

Dis

ease

s in

the A

rab

Reg

ion

(2)

500

2/20

1205

/03/

2012

3In

ter-A

rab/

Sup

porti

ng a

Sem

inar

on

Educ

atio

n fo

r Citi

zens

hip

(4)

100

5/20

1205

/03/

2012

4G

ulf R

esea

rch

Cen

ter/

Supp

ortin

g th

e Th

ird G

ulf R

esea

rch

Mee

ting

(4)

206/

2012

16/0

4/20

12

5A

rab

Ant

i-Cor

rupt

ion

Org

aniz

atio

n/ C

ontri

butio

n to

the A

ctiv

ities

and

Pro

gram

s of t

he O

rgan

izat

ion

und

er

its F

ive Y

ear P

lan

2012

-201

6 (2

)50

7/20

1216

/04/

2012

6A

mer

ican

Uni

vers

ity o

f Bei

rut/

Con

tinui

ng th

e Su

ppor

t of t

he Im

plem

enta

tion

of th

e “G

radu

ate

Stud

ies i

n Pu

blic

Hea

lth” P

rogr

am to

Cov

er th

e C

ost o

f 10

New

Gra

nts f

or th

e Yea

rs 2

012-

2013

, and

Con

tinui

ng th

e Em

phas

is o

n G

eogr

aphi

cal D

istri

butio

n of

Can

dida

tes (2

)10

08/

2012

16/0

4/20

12

7U

ND

L Fo

unda

tion/

Con

tribu

tion

to th

e Im

prov

emen

t of t

he U

nive

rsal

Net

wor

king

Dig

ital L

angu

age

Prog

ram

and

iden

tifyi

ng C

omm

erci

al A

pplic

atio

ns fo

r it (2

)30

09/

2012

16/0

4/20

12

8In

ter-A

rab/

Sup

porti

ng th

e Sy

mpo

sium

“Rei

nvig

orat

ing

the

Dev

elop

men

tal R

ole

of S

MES

in A

rab

Cou

ntrie

s” O

rgan

ized

by

the A

rab

Fund

and

Wor

ld B

ank

(4)

5011

/201

216

/04/

2012

9ER

F/ S

uppo

rting

the

Foru

m’ s

Act

iviti

es a

nd P

rogr

ams (2

)50

013

/201

216

/04/

2012

10ER

F/ S

uppo

rting

ER

F’s N

inet

eent

h A

nnua

l Mee

ting

(4)

100

14/2

012

16/0

4/20

12

11A

rab

Thou

ght F

orum

/ Sup

porti

ng a

Con

fere

nce

on “A

rab

Futu

re in

Lig

ht o

f the

You

th M

ovem

ent”

(4)

3018

/201

221

/06/

2012

12In

ter-A

rab/

Con

tribu

tion

to a

Join

t Ini

tiativ

e fo

r a T

echn

ical

Ass

ista

nce

Mec

hani

sm to

Sup

port

Infr

astru

ctur

e, M

anag

ed b

y th

e Is

lam

ic D

evel

opm

ent B

ank,

the

Inte

rnat

iona

l Fin

ance

Cor

pora

tion,

and

ot

her F

inan

cial

Inst

itutio

ns (2

)28

120

/201

221

/06/

2012

13IC

AR

DA

/ Sup

porti

ng th

e C

ente

r’s A

ctiv

ities

(2)

200

25/2

012

17/1

2/20

12

14In

ter-A

rab/

Sup

porti

ng th

e R

esea

rch

Initi

ativ

e fo

r Ara

b D

evel

opm

ent (2

)22

026

/201

217

/12/

2012

Subt

otal

2,75

1

Tota

l7,

497

(1) F

easi

bilit

y St

udie

s an

d Pr

ojec

t Pre

para

tion

(2) I

nstit

utio

nal S

uppo

rt an

d Tr

aini

ng(3

) Gen

eral

Stu

dies

and

Res

earc

h

(

4) S

emin

ars

and

Conf

eren

ces

(5) E

mer

genc

y Pr

ogra

ms

Tabl

e 3

(con

tinue

d)G

rant

s A

ppro

ved

Dur

ing

2012


Act

ivity

Dur

ing

2012

Dur

ing

the

Peri

od 1

974

- 201

2

Nat

iona

l Gra

nts

Inte

r-A

rab

Gra

nts

Tota

lN

atio

nal G

rant

sIn

ter-

Ara

b G

rant

sTo

tal

Am

ount

%A

mou

nt%

Am

ount

%A

mou

nt%

Am

ount

%A

mou

nt%

1. F

easi

bilit

y St

udie

s and

Pro

ject

Pre

para

tion

--

--

--

16,3

2012

.86,

380

11.3

22,7

0012

.4

2. In

stitu

tiona

l Sup

port

and

Tra

inin

g1,

635

34.5

2,45

189

.14,

086

54.5

62,4

0049

.131

,095

55.3

93,4

9551

.0

3. G

ener

al S

tudi

es a

nd

R

esea

rch

--

--

--

5,00

03.

912

,471

22.2

17,4

719.

5

4. S

emin

ars a

nd C

onfe

renc

es-

-30

010

.930

04.

015

40.

14,

274

7.6

4,42

82.

4

5. E

mer

genc

y Pr

ogra

ms

3,11

165

.5-

-3,

111

41.5

43,3

2034

.12,

000

3.6

45,3

2024

.7

To

tal*

4,74

610

0.0

2,75

110

0.0

7,49

710

0.0

127,

194

100.

056

,220

100.

018

3,41

410

0.0

* D

oes

not i

nclu

de a

n am

ount

of a

bout

KD

113.

6 m

illion

allo

cate

d by

the

Boar

d of

Gov

erno

rs o

f the

Ara

b Fu

nd to

sup

port

the

Pale

stin

ian

peop

le,

over

the

perio

d 20

01 -

2012

.

Tabl

e 4

Gra

nt C

omm

itm

ents

by

Act

ivit

y(K

D 0

00)


Inter-Arab Grants during 2012 National Grants during 2012

Inter-Arab Grants during the Period 1974 - 2012 National Grants during the Period 1974 - 2012

Inst. Support & Training

34.5%

Emergency Programs

65.5%

Feasibility Studies & Project Prep.

12.8%

Feasibility Studies & Project Prep.

11.3%


55.3%

General Studies &Research

22.2%

Seminars & Conf.

10.9%

General Studies & Research

3.9%

Seminars & Conf.

0.1%

Emergency Programs

34.1%


89.1%


49.1%Emergency Programs

3.6%

Seminars & Conf.

7.6%

Grant Commitments by Activity(Percentage)


Box 2

Preparation of Studies on “Arab Integration” and “The Arab World in the Year 2025” by the Economic and

Social Commission for Western Asia

The Arab Fund extended a KD. 300 thousand grant as a contribution toward the preparation of two studies: the first on “Arab Integration” and the second on “The Arab World in the Year 2025”, in cooperation with the Economic and Social Commission for Western Asia (ESCWA). The first study, the report of which is expected to be issued before the end of the year 2013, will address the subject of Arab integration from the perspective of its relationship to economic and social development in the Arab region, and its impact on the development performance of the Arab countries. The second study aims at exploring the Arab future by analyzing a number of interrelated “scenarios”, which take into account the current situation in the Arab world and its future prospects, in order to assist decision-makers and civil society in the policy choice that would favor the “optimal scenario”.

ESCWA has adopted a participatory approach in the preparation of the two reports. Qualified experts from across the Arab region have been called upon to form two teams, one for each study. Each team was composed of a large number of economists and intellectuals who have been selected in coordination with the Arab Fund for the purpose of the preparation of “background papers” for the two studies. For each study, a core team of five experts has also been appointed to write the report of the study based on the background papers and guided by an advisory board comprising thirty Arab specialists, whose role extends from the adoption of the outline of the study until the approval of the report in its final form.

The importance of the two studies lies in their potential contribution to the policy discourse on how to accelerate the pace of economic growth and improve the welfare of the Arab citizens, as well as foreseeing the future of Arab countries.

It is well known that the Arab region faces immense challenges amid a rapid and broad-based changing global environment in the form of high rates of unemployment - especially among young people -, low human development indicators, weak growth performance and low competitiveness. It is expected that the study on “Arab Integration” will not only analyze the causes of failure of previous Arab economic, social and cultural integration experiences, but will also highlight the areas, forms and stages of the desired integration in the light of the present global and regional contexts while taking into account the development challenges faced by Arab countries. The study will also delineate the institutional and procedural prerequisites needed to achieve the desired integration. The second study on “The Arab World in the Year 2025”, aims at analyzing scenarios for the potential future paths of the Arab region and the role of development strategies and scientific, technological and cultural policies in shaping this future. It is expected that this will help policymakers, civil society organizations and public opinion in the Arab countries realize the best possible scenarios and avoid scenarios that do not lead to the achievement of the legitimate aspirations of these countries.


Third: Other Activities

The Arab Fund continued to act as the Coordination Secretariat of the Coordination Group, which includes Arab national and regional development institutions, and organized the group’s periodic meetings. The seventieth and seventy-first periodic meetings of the Group took place during 2012. The Group also held several meetings with international and regional institutions, which included the World Bank, the International Finance Corporation, the European Investment Bank and the United Nations International Strategy for Disaster Reduction. The meetings aimed at strengthening cooperation and coordination with these institutions in order to support development in the world in general, and in the Arab region in particular.

The Arab Fund continued to participate in meetings of the Deauville Initiative to support Arab countries, which includes nine international and regional financial institutions. It participated in the meeting held in Abu Dhabi, in the United Arab Emirates on February 9, 2012, and the meeting held in Paris, France on July 11, 2012.

The Arab Fund financed a study on integrated Arab electrical interconnection and use of natural gas. The study aims at choosing the best mix of exporting electricity versus natural gas to be used in generating electricity, in order to identify the best strategy for each Arab country individually and for all Arab countries as a group for the optimum use of natural gas to meet the demand for electricity until the year 2030. The contract for the study was signed in February 2012 with the consortium of the consulting firms CESI and Ramboll. Periodic progress meetings are held at the headquarters of the General Secretariat of the League of Arab States, and attended by representatives of the Arab Fund, the steering committee of the study, the General Secretariat of the League of Arab States (Energy Department), the member states and the consulting firms. The first three stages of the study were completed by the end of 2012, and the last four stages are expected to be completed before the end of August 2013.

The study of the Arab Railway Network Scheme, which the Arab Fund financed and followed up the implementation, was completed during the year. The study was one of the resolutions made at the Arab Economic and Social Development Summit held in Kuwait in January 2009. The Arab Fund signed a contract with the consortium Italferr/ Dar Al-Omran for the implementation of this study in November 2010. The final report of the study was presented at a workshop organized at the Arab Fund headquarters in Kuwait in October 2012. In addition to the members of the consortium, participants at this workshop included representatives of the Arab Fund, the Economic Sector of the General Secretariat of the League of Arab States and the member states.

During the year, the Arab Fund formed the management body of the Special Account for Financing Small and Medium Private Sector Projects in Arab countries. A booklet about the Special Account and its policies and guidelines was prepared. A link to the Special Account has also been added to the Arab Fund’s website, to enable interested individuals and firms to learn about the Special Account and its activities. Technical


teams visited several countries to study their credit markets and identify intermediate institutions through which the Special Account could operate. Those countries included Saudi Arabia, Djibouti, Egypt and Sudan. During the year, five loan agreements were signed with intermediate institutions in five Arab countries, namely, Mauritania, Tunisia, Jordan, Djibouti and Morocco, in addition to the loan agreement signed with the Arab Gulf Programme for Development (AGFUND). The Special Account was also presented in two meetings: the first was held in Rome, Italy on July 18, 2012 within the framework of the Deauville Initiative, and the second was held at the Arab Planning Institute in Kuwait during the period 6 - 7 November, 2012.

During the year, the Arab Fund participated in the preparation of the Joint Arab Economic Report, which is published annually in cooperation with the General Secretariat of the League of Arab States, the Arab Monetary Fund and the Organization of the Arab Petroleum Exporting Countries, and covers the main economic and social developments in Arab countries. The theme of this year’s report was “Opportunities and Challenges of Access to Financial and Banking Services and Financing in the Arab World”. The Arab Fund also participated at the meeting of the Scientific Committee and the Donors Committee of the Research Initiative for Arab Development, financed by the Arab Fund in cooperation with the World Bank. A joint symposium between the Arab Fund and the World Bank on “Reinvigorating the Developmental Role of SMEs in Arab Countries” also took place at the Arab Fund headquarters during the period 18 - 19 June, 2012.

The Arab Fund continued to monitor the activities of the Arab Trade Financing Program in coordination with the Arab Monetary Fund, and through its membership on the Board of Directors. It also continued its cooperation with specialized Arab and international organizations in order to help improve the efficiency of their interventions in Arab countries.


Box 3

The Special Account to Finance Small and Medium Projects in Arab Countries

The first Arab Economic and Social Development Summit, which was held in Kuwait in January 2009, endorsed the initiative of His Highness the Amir of Kuwait, to create a Special Account with a total amount of US Dollars 2 billion to finance small and medium private sector projects in Arab countries. Both Kuwait and Saudi Arabia contributed to this Account with an amount of US Dollars 500 million each, the Arab Fund contributed with an amount of US Dollars 100 million, while other Arab countries contributed with varying amounts. The Arab Fund was entrusted with the establishment and management of the Account. Thus, the Arab Fund established the general policies, rules and regulations for the operations of the Special Account, the standard loan agreement and work documents. By the end of 2012, an amount of US Dollars 595 million was deposited by member countries in the Special Account out of the pledged total amount of US Dollars 1,203 million.

Within a short period of time, the Arab Fund was able to study credit markets in eleven Arab countries, and select and appraise qualified intermediate institutions in order to cooperate with them and provide them with funds to finance small and medium projects in their respective countries. This effort has resulted in the commencement of the operations of the Special Account by funding nine Arab financial institutions that have the expertise and knowledge in supporting and financing small and medium projects, through the provision of nine loans totaling US Dollars 245 million. In general, the Special Account provides financing to intermediate institutions with standard terms, that is, loans for a period of ten years with a three-year grace period, at an annual interest rate of 3% that would go down to 2% if a government guarantee is provided.

Most Arab countries face high unemployment and poverty, as the average unemployment rate is more than 16%, and is particularly high among women and youth, reaching about 60% for youth in some countries. These rates are the highest among the different regions of the world. The data show that the sector of small and medium projects is the mainstay of economic and social life in Arab countries, for its great potential in providing job opportunities, economic diversification, and economic and social development. This sector represents about 90% of the total existing enterprises in these countries, employs two thirds of formal labor, and generates 60% of GDP. 90% of labor is employed by enterprises of 50 workers or less. However, this sector faces several constraints which include an inadequate investment climate and a weak financial infrastructure, as only about 20% of the projects get financing from banks, with this funding not exceeding 8% of the total bank loans, and these loans not exceeding 10% of the total investment costs of borrowing enterprises. In this context, it is expected that the Special Account will help overcome these constraints.


Fourth: Financial Statements for the Financial YearEnded 31 December 2012

I. Financial Position Assets:

The value of assets increased by KD 88 million (3%) compared to the previous year reaching KD 2,943 million, this increase was mainly in Loans and Cash & Cash equivalents as shown in the below schedule:

Variation20112012Assets

%KD Million%KD

Million%KD Million

82%181%221%40Cash & Cash Equivalents

(1) %(4)12 %34512 %341Investments

3 %7086 %2,44485 %2,514Loans

9 %41 %442 %48Others Assets

3%88100 %2,855100%2,943Total

Liabilities:

The value of Liabilities decreased by KD 3.3 million (2%) compared to the previous year reaching KD 134.6 million, this decrease was mainly in Grants and Other Liabilities as shown in the below schedule:

Variation 20112012Liabilities

%KD Million%KD

Million%KD Million

3% 1.335%48.437%49.7Special Account for Financing Small & Medium Enterprises

(8)%(3.0)26%36.525%33.5Grants

5% 0.58 %10.88 %11.3Provision for Pension Fund

(5)%(2.1)31%42.230%40.1Other Liabilities

(2)%(3.3)100%137.9100%134.6Total

Members’ Equity:

The value of members’ equity increased by KD 92 million (3%) compared to the previous year reaching KD 2,809 million, this increase was translated by increase in the General & Additional Reserves as shown in the below schedule:


Variation20112012Members' Equity

%KD Million%KD

Million%KDMillion

0%074%2,00071%2,000Share Capital

5%118%2329%243General Reserve

16%7818%48320%561Additional Reserve

150%30%20%5 Other Reserves

3%92100%2,717100%2,809Total

II. Income & Expenditures

Income:

Total Income for the year amounted to KD 111.9 million compared to KD 76.2 million in 2011, this increase was mainly from Investment Income as shown in the below schedule:

Income2012 2011 Variation

KD Million % KD

Million % KD Million %

Interest Income from Loans 91.4 81% 90.7 119% 0.7 1%

(Loss)/Gain from Investments 20.0 18% (14.8) (19)% 34.8 235%

Income from Share in Associate 0.7 1% 0.3 0% 0.4 0%

Other Operating Income/Loss (0.2) 0% 0.0 0% (0.2) 0%

Total 111.9 100% 76,2 100% 35.7 47%

Expenditures:

Total Administrative Expenses for the year amounted to KD 8.38 million compared to KD 7.39 million in 2011, this increase was in Staff Cost and Other Expenses as shown in the below schedule:

Expenditures 2012 2011 Variation

KD Million % KD

Million % KD Million %

Staff Cost 6.04 72% 5.57 75% 0.47 8%

Other Expenses 2.34 28% 1.82 25% 0.52 28%

Total 8.38 100% 7.39 100% 0.99 13.4%


Net Profit:

Total Net Profit for the year amounted to KD 103.62 million compared to KD 68.79 million in 2011, this increase was a result of above disclosures as shown in the below schedule:

Net Profit2012 2011 Variation

KD Million

% KD Million

% KD Million

%

Net Profit for the year 103.62 100% 68.79 100% 34.83 51%

III. Cash Flows

Net cash flow used in Operating Activities during the year amounted KD (55.9) million compared to KD (13.3) million for year 2011 as shown in the below schedule:

Cash FlowsKD Million

2012 2011 Variation

Loans Disbursement (235.0) (233.0) (2.0)

Grants Disbursement (8.4) (6.5) (1.9)

Loans Repayments 165.3 157.3 8.0

Interest & Fees Received 88.5 83.5 5.0

Net change in Investments (57.1) (0.8) (56.3)

Other operating Cash Flows (9.2) (13.8) 4.6

Net cash used in Operating Activities (55.9) (13.3) (42.6)

IV. Financial Indicators of Arab Fund Performance

Variation 20112012Financial Ratios

%%%

1.1%2.7%3.8%Income/Assets

1.2%2.8%4.0%Income/ Equity

(2.2)%9.7%7.5%Expenditures/ Income

(0.2)%85.6%85.4%Loans/ Assets

(0.5)%90.0%89.5%Loans/ Assets


Arab Fund for Economic and Social DevelopmentStatement of Financial Position

As at 31 December 2012 (KD 000)

2012 2011

Assets

Cash and cash equivalents 40,255 22,325

Investments 290,796 295,413

Investment in associate 50,328 49,125

Loans 2,513,957 2,444,256

Receivables from participants in the building 7,369 7,714

Other assets 40,548 36,357

Total assets 2,943,253 2,855,190

Liabilities and members’ equity

Liabilities

Special account for financing small & medium enterprises 49,692 48,401

Grants 33,544 36,537

Provision for pension fund 11,280 10,830

Other liabilities 40,105 42,225

Total liabilities 134,621 137,993

Members’ equity

Share capital 2,000,000 2,000,000

General reserve 242,856 232,494

Additional reserve 561,275 483,303

Grants reserve 6,641 3,742

Change in fair value reserve (2,140) (2,342)

Total members’ equity 2,808,632 2,717,197

Total liabilities and members’ equity 2,943,253 2,855,190


Arab Fund for Economic and Social DevelopmentStatement of Comprehensive Income For the year ended 31 December 2012

(KD 000)

2012 2011

Income

Interest income from loans 91,350 90,653

Net gains/(losses) from investments 19,669 (14,821)

Interest income from short term deposits and call accounts 284 69

Share in result of associate 718 302

Operating expenses (25) (18)

Net income 111,996 76,185

Administrative expenses

Staff costs 6,040 5,570

Other expenses 2,339 1,823

Total administrative expenses 8,379 7,393

Net profit for the year 103,617 68,792

Other comprehensive income/(losses)

Net change in fair value for investments available for sale 189 (294)

Net amount transferred to profits or losses 13 (68)

Other comprehensive income / (losses) for the year 202 (362)

Total comprehensive income for the year 103,819 68,430


ShareCapital

General Reserve

Additional Reserve

Grants Reserve

Change in Fair Value

Reserve

Retained Earnings Total

Balance at 1 January 2012 2,000,000 232,494 483,303 3,742 (2,342) 0 2,717,197

Profit for the year 0 0 0 0 0 103,617 103,617

Other comprehensive income for the year

0 0 0 0 202 0 202

Total comprehensive income for the year

0 0 0 0 202 103,617 103,819

Transferred to support people of Palestine

0 0 (6,879) 0 0 0 (6,879)

Transferred to Arab Academic Fellowship

0 0 0 0 0 (142) (142)

Transferred to grants reserve

0 0 (3,091) 8,272 0 (5,181) 0

Transferred to general reserve

0 10,362 0 0 0 (10,362) 0

Transferred to additional reserve

0 0 87,932 0 0 (87,932) 0

Grants approved 0 0 0 (7,496) 0 0 (7,496)

Grants cancelled and transferred

0 0 10 2,123 0 0 2,133

Balance at 31 December 2012 2,000,000 242,856 561,275 6,641 (2,140) 0 2,808,632

Balance at 1 January 2011 2,000,000 225,615 441,315 4,757 (1,980) 0 2,669,707

Profit for the year 0 0 0 0 0 68,792 68,792

Total other losses for the year

0 0 0 0 (362) 0 (362)

Total (Losses) / comprehensive income for the year

0 0 0 0 (362) 68,792 68,430

Transferred to support people of Palestine

0 0 (8,925) 0 0 0 (8,925)

Transferred to grants reserve

0 0 (7,560) 11,000 0 (3,440) 0

Transferred to general reserve

0 6,879 0 0 0 (6,879) 0

Transferred to additional reserve

0 0 58,473 0 0 (58,473) 0

Grants approved 0 0 0 (13,429) 0 0 (13,429)

Grants cancelled and transferred

0 0 0 1,414 0 0 1,414

Balance at 31 December 2011 2,000,000 232,494 483,303 3,742 (2,342) 0 2,717,197

Arab Fund for Economic and Social DevelopmentStatement of Changes in Members’ Equity

For the year ended 31 December 2012 (KD 000)


Arab Fund for Economic and Social DevelopmentStatement of Cash flows

For the year ended 31 December 2012 (KD 000)

2012 2011

Operating Activities

Profit for the year 103,617 68,792

Adjustments:

Interest income from loans (91,350) (90,653)

Unrealized (Profits)/Losses from investments (12,572) 18,739

Interest income from term deposits and call accounts (284) (69)

Share in results of associate (718) (302)

Provision for pension fund 1,585 1,555

278 (1,938)

Changes in operating assets and liabilities:

Net change in trading investments (57,065) (816)

Disbursements of loans (235,027) (233,009)

Loans repayments 165,326 157,343

Disbursements of grants (8,356) (6,481)

Receivables from participants in the building 345 346

Other assets 188 96

Special account for financing small and medium enterprises 1,291 6,379

Other liabilities (8,999) (16,037)

Cash flows used in operations (142,019) (94,117)

Interests received 87,255 82,816

Provision for pensions and employees’ end of service indemnity paid (1,135) (1,992)

Net cash flows used in operating activities (55,899) (13,293)

Investing activities

Net changes in other investments 73,829 (1,254)

Dividends received from associate 0 299

Net cash flows from / (used in) investing activities 73,829 (955)

Increase / (decrease) in cash and cash equivalents 17,930 (14,248)

Cash and cash equivalents at the beginning of the year 22,325 36,573

Cash and cash equivalents at the end of the year 40,255 22,325


Arab Fund for Economic and Social DevelopmentIndependent Arab Regional Financial Organization - Kuwait

Significant Accounting Policies

Statement of compliancea)

The financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS’s”) promulgated by the International Accounting Standards Board (“IASB”) and based on the interpretations issued by the International Financial Reporting Interpretations’ Committee of the IASB.

Basis of measurementb)

The financial statements are prepared on a fair value basis for financial assets and liabilities held for trading and assets available for sale, except those for which a reliable measure of fair value is not available. Other financial assets and liabilities and non-financial assets and liabilities are carried at amortized cost or historical cost.

The financial statements have been presented in Kuwaiti Dinars which is the functional and reporting currency of the Fund. All values are rounded to the nearest thousands (KD 000’), except when otherwise indicated.

Investments c)

Financial assets and liabilities are classified at fair value through profit or loss when the assets or liabilities are managed, evaluated and reported on a fair value basis.

Financial instruments are measured initially through profit or loss at fair value. Transaction cost on financial instruments expensed through profit or loss immediately. Subsequent to initial recognition, all instruments measured at fair value through profit or loss are re-measured at fair value with changes in their fair value recognized in the profit or loss.

Investments which are not held to maturity or financial assets at fair value through profit or loss are classified as available for sale and are stated at fair value, with any resultant gain or loss being recognized directly in equity, except for impairment losses and, in case of monetary items, foreign exchange gains and losses.

Loansd)

Loans are recognized at amortized cost less the impairment provision. The impairment provision is estimated when the full collections of loans is no longer probable. The amount of provision is determined as the difference between the carrying amount and the recoverable amount of the asset. The recoverable amount is calculated on the basis of the present value of the expected future cash flows, discounted at the loan’s original effective interest rate. Short-term balances are not discounted.


Impairmente)

An assessment is made by the Fund at each reporting date to determine whether there is objective evidence that a financial asset or group of financial assets is impaired. All impairment losses are recognized in the profit or loss.

Investment in associatef)

The associate is an entity in which the Fund has significant influence, but not control, over the financial and operating policies. The investment in the associated entity is equity accounted.

Fixed assetsg)

Fixed assets are not capitalized but are fully written off to the statement of comprehensive income in the year of purchase.

Provision for pension fundh)

The Fund has a defined end of service benefit plan (pension plan) which covers all its employees. Provision for the Fund’s obligation towards employees’ pension is determined based on contributions paid by the employees’ and the Arab Fund, in addition to a return of 10% p.a. guaranteed by the Arab Fund.

Foreign Currenciesi)

Transactions in foreign currencies are initially recorded by the Fund at their respective functional currency spot rates prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currency at the exchange rate at that date. Differences from adjustment of the monetary items are recognized in profit or loss.

Cash and cash equivalentsj)

Cash comprises of cash on hand and in banks, cash equivalents comprise bank balances and short term deposits.

Revenue recognitionk)

Interest income is recorded using the effective interest rate (EIR), which is the rate that exactly discounts the estimated future cash receipts through the expected life of the financial asset or a shorter period where appropriate, to the net carrying amount of the financial asset. Interest and commission on loans to countries with unpaid past due interest for over three months are excluded from the profit and loss and only recorded as income when received. Interest income from time deposits and call accounts is recognized on a time proportion basis. Dividend income is recognized when the right to receive payment is established. Fees and commission income is recognized when earned.


ANNEXES


Annex 1

Project Sheets for Loans Extended During the Year 2012


Objectives:

The program aims at creating new jobs for qualified people, and holders of higher education degrees and vocational training certificates, who lack the financial resources and bank guarantees required for investment and creation of small projects in various sectors of the economy and regions. The program also aims at increasing BTS’ resources, thus enabling it to better contribute to the country’s economic activity and the creation of new jobs.

Description:

The program consists of providing loans of small amounts through BTS to contribute to the financing of small projects in various sectors of the economy. The small projects eligible for financing consist of shop furnishing, supply and installation of equipment and machinery, acquisition of means of transportation and communication, in addition to systems, programs and technical services needed for the establishment of new small projects, or expansion of existing projects, that are economically feasible and contribute effectively to the increase in income of the projects’ owners and workers.

Financing:

The Arab Fund’s loan covers about 14% of the total program cost. The contribution of the small loan beneficiaries to the total program cost is expected to reach about 8%, and that of the Tunisian Government about 19%. BTS will provide about 59% of the total amount required for the program.

Republic of TunisiaUrgent Program to Support Small

Private Sector Projects

ANNEx 1PROJECT 1 OF 13

Loan No.: 573 Interest Rate: 3.0%

Beneficiary:Banque Tunisienne de Solidarité (BTS)

Grace Period: 5 years

Project Cost: KD 109.0 million Maturity: 22 years

Amount of Loan: KD 15.0 million Repayment: 35 semi-annual installments

Date of Loan Agreement: 12/01/2012

First Installment:

5 years followingthe first disbursement Date of

Effectiveness: 17/12/2012


Objectives:

The program aims at contributing to the reduction of unemployment, the alleviation of poverty, and the improvement of living and health conditions of the population in the least developed regions of Tunisia, through the implementation of a number of projects. These projects will provide new job opportunities for small farmers, craftsmen and skilled professionals, and holders of higher education and vocational training degrees. The program also aims at increasing productivity, developing infrastructure, and improving public utility services, in order to achieve a balanced regional development by stimulating economic activity and community development, and reduce economic and social disparities among the population.

Description:

The program is based on a set of integrated development plans in 90 regions spread over all provinces of the country. The program, which is expected to be completed by the end of 2014, includes the implementation of several individual projects in different areas covering agricultural activities, small activities and traditional industries, and projects to develop infrastructure, increase productivity and improve public utilities. The program consists of the following main components:

1) Individual Production Projects: This includes the implementation of about 6000 individual projects for small farmers, craftsmen, skilled professionals and holders of higher education and vocational training degrees, in order to provide new job opportunities for the beneficiaries of these projects, increase their income and improve their living conditions.

2) Infrastructure, Productivity, and Utilities Projects: This includes the following:

Republic of TunisiaIntegrated Development Program


Beneficiary:

Regional Development General Commissariat


Project Cost: KD 88.6 million Maturity: 22 yearsAmount of Loan: KD 42.0 million Repayment: 35 semi-annual

installmentsDate of Loan Agreement: 12/01/2012

First Installment:

5 years following the first disbursementDate of




a) Municipal Roads and Rural Tracks: This includes all civil, structural and complementary works necessary to construct and pave a large number of municipal roads and rural tracks, with a total length of about 900 km, and a width ranging between 8 and 10 m.

b) Drinking Water and Sanitation: This includes the supply of drinking water to about 50 thousand inhabitants, through the construction of major and minor pipe networks and their accessories, with an estimated total length of about 355 km and diameters ranging between about 75 and 200 mm. It also includes the provision of sanitation services to a number of communities, by laying pipelines with a total length of about 47 km and diameters ranging between about 160 and 250 mm.

c) Public and Household Lighting: This includes the work necessary for the supply and installation of approximately 3,400 lighting poles for a number of municipal roads and necessary power lines. It also includes establishing transmission lines to supply electricity to some 600 houses.

d) Groundwater Wells: This includes the drilling and rehabilitation of about 30 deep wells, with a depth ranging between about 65 and 700 m, and equipping them with pumps and hydro-mechanical equipment. It also includes the supply of electricity to these wells and about 355 shallow wells, from the national electricity network.

e) Irrigation, Water and Soil Conservation: This includes the development of about 2,800 hectares of irrigated areas, through laying primary and secondary pipe works and their accessories to transport water to these areas and distribute it to farms. It also includes the protection of about 300 hectares of agricultural land in areas threatened by soil erosion.

f) Industrial Zones, and Craft and Agricultural Centers: This includes the creation of industrial zones in an area of approximately 40 hectares, the construction of some 30 crafts regions, the construction of 46 industrial shops, 4 centers for the collection of agricultural products, as well as 4 service centers, in addition to the creation of about 9 local markets and 8 centers for marketing and product promotion.

g) Health, Social and Cultural Utilities: This includes the construction of 46 primary health centers, 54 clubs and youth centers, 11 public libraries and a culture center, 10 clubs and child centers, and 12 sports halls, as well as the creation of some 49 sports grounds, 40 parks and green areas, the restoration of 6 ancient places and the expansion of 3 arenas for festivals.

3) Technical Services: This includes consultancy services for the preparation of studies and engineering designs, the supervision of the implementation program, in addition to consultancy services needed to conduct training activities.

4) Program Management: This includes the administrative, financial and operating expenses for the program management, and the institutional support to the beneficiary.

Financing:

The Arab Fund’s loan covers about 47% of the total program cost. The Tunisian Government will cover the remaining cost of the program and any additional cost the may arise.


Objectives:

The project aims at covering the shortage in the supply of drinking water in some areas of the Kingdom, in addition to meeting the future water needs of the population. This will be accomplished by distributing water made available from the Al Dur plant for power and water production. The project will also contribute to preserving groundwater and reducing its depletion.

Description:

The project, which is expected to be completed by the second quarter of 2015, consists of constructing new pumping stations and raising the capacity of existing stations, supplying and laying of pipelines to transport and distribute additional water among different areas, as well as constructing ground level and elevated water reservoirs. The project also includes providing the consultancy services needed for preparing studies, bidding and supervising the execution of the project. The project includes the following components:

1) Pumping Stations and Associated Reservoirs: This component includes the construction of new water pumping stations and raising the capacity of some existing ones, in addition to the construction of ground and elevated reservoirs associated with the stations. It also includes all civil, electrical and hydro mechanical works, including the supply of electricity to the stations and equipment for control and operation. This component comprises the following stations:

a) Al Areen Station and Supporting Hamad City Stations: This includes the construction of a pumping station in Al Areen with a capacity of about 520 l/s, in addition to raising the capacity of Hamad city stations for water mixing and distribution, by adding 8 pumps with capacities ranging between 150 and 720 l/s.

b) Al Dur Station and Support to Al Rifa Al Gharbi and Al Musfat Stations: This includes the construction of a pumping station in Al Dur with a capacity of about 2,850 l/s, in addition to raising the capacity of Al Rifa Al Gharbi and Al Musfat stations,

Kingdom of BahrainDevelopment of Water Supply Network

Loan No.: 575 Interest Rate: 3.0 %

Beneficiary:Electricity and Water Authority (EWA)





First Installment:


Effectiveness:



by adding 3 pumps, each with a capacity of about 260 l/s, and the construction of a reservoir with a capacity of about 90 thousands m3.

c) North Stations: This includes the construction of a pumping station for water distribution in Al Seef town with a capacity of about 260 l/s, and a pumping station for water distribution in the northern city with a capacity of about 520 l/s, in addition to raising the capacity of Salmabad and Buquwa stations by adding 2 pumps, each with a capacity of about 260 l/s. This component also includes the construction of 3 ground reservoirs each with a capacity of about 23 thousand m3 and an elevated reservoir with a capacity of about 4,500 m3.

d) Al Hadd and Al Muharraq Stations: This includes the construction of two pumping stations, each with a capacity of about 260 l/s, in addition to raising the capacity of Khalifa Bin Salman Port and Al Hadd stations by adding 3 pumps each with a capacity ranging between 260 and 840 l/s. This component also includes the construction of 7 ground reservoirs each with a capacity of about 23 thousand m3 and 3 elevated reservoirs each with a capacity of about 4,500 m3.

e) Central Stations: This includes the construction of a pumping station with a capacity of about 260 l/s, in addition to raising the capacity of 3 stations by adding 7 pumps with capacities ranging between 260 and 520 l/s. This component also includes the construction of 8 ground reservoirs each with a capacity of about 23 thousand m3 and 2 elevated reservoirs each with a capacity of about 4,500 m3.

2) Water Conveyance Pipelines:

a) Al Dur – Al Rafa and Al Rafa – Al Areen Pipelines: This includes the supply and laying of pipelines with diameters ranging between 600 and 1,400 mm, with a total length of about 55 km.

b) North, South, East, West, Al Hadd and Al Muharraq Pipelines: This includes the supply and laying of pipelines with diameters ranging between 400 and 1,400 mm, with a total length of about 85 km.

3) Other Reservoirs: This includes the construction of 19 ground reservoirs with capacities ranging between 23 and 90 thousand m3 and 8 elevated reservoirs with capacities ranging between 3,400 and 6,800 m3.

4) Consultancy Services: This includes consultancy services required for preparing studies, designs and bidding, as well as supervising the implementation of the project.

Financing: The Arab Fund’s loan covers about 16% of the total project cost. The Kuwait Fund for Arab Economic Development contributes to the financing of the project with a loan of KD 26.2 million, the Islamic Development Bank with a loan equivalent to KD 53.3 million and the Saudi Fund for Development with a loan equivalent of about KD 17.6 million. The Abu Dhabi Fund for Development is also expected to contribute to the financing of the project. The Government of Bahrain will cover the remaining cost of the project and any additional cost that may arise.


Objectives:

The project aims at contributing to the economic and social development of the north western region of Morocco, and at improving land transportation services to accommodate the rapidly growing demand for passenger railway transportation between Tangier, Kenitra, Rabat and Casablanca, through the use of the high-speed train which provides fast and safe means of transportation for passengers.

Description:

The project, which is expected to be completed by the end of 2015, comprises the construction of a new double-rail track with a length of approximately 200 km and an operating speed of 320 km/hr, for the high-speed train between Tangier and Kenitra which will connect to the existing track linking Kenitra, Rabat and Casablanca that has a length of approximately 130 km and an operating speed of 160 km/hr. The project consists of the following components:

1) Infrastructure Civil Works: This includes all earth works required for the construction of the alignment of the new rail track between Tangier and Kenitra with a length of 200 km. It also includes the construction of drainage works, bridges, over-passes and under-passes, as well as environmental protection works. The works in this component are divided into two sections: a north section of about 90 km and a south section of about 110 km.

2) Railway: This includes supplying and placing of ballast, manufacturing and installation of concrete sleepers, rails and railway switches. It also includes establishing two bases in Asilah and Kenitra for railway works and maintenance, and developing Tangier and Kenitra train stations.

Kingdom of Morocco High-Speed Train Tangier – Casablanca



Beneficiary:Office National des Chemins de Fer (ONCF)





First Installment:5 years following the first disbursementDate of



3) Electric Works and Systems: This includes works related to the electric overhead lines (2x25 kV), transmission sub-stations, and the central control station in Rabat. It also includes control, signaling and telecommunications systems required for managing train movements.

4) Rolling Stock: This includes procurement of 14 high-speed trains (320 km/hr). Each train consists of 2 locomotives and 8 double-deck passenger cars with a capacity of 534 passengers.

5) Maintenance Workshop: This includes building and equipping a workshop in Tangier for the maintenance of high-speed trains.

6) Consultancy Services: This includes the provision of consultancy services to prepare studies, detailed designs and tender documents, the supervision of the project execution, and assistance to the Directorate of the High-Speed Line Project in managing the execution of the project.

7) Land Expropriation: This includes the acquisition of land required for the project execution, as well as relocation of the utility networks that may obstruct the project alignment.

Financing: The Arab Fund’s loan covers about 4% of the total project cost. The Kuwait Fund for Arab Economic Development provided two loans for a total amount of KD 40.0 million (about 5%). The Saudi Development Fund and the Abu Dhabi Fund for Development provided loans equivalent to about KD 55.7 million (about 8%) and about KD 27.8 million (about 4%), respectively. The French Government provided a grant equivalent to about KD 29.2 million (about 4%), and loans and credit facilities for a total amount equivalent to about KD 243.2 million (about 33%). The French Development Agency also provided a loan equivalent to about KD 85.6 million (about 12%). The Hassan II Fund for Economic and Social Development contributed to the financing of the project with an amount equivalent to about KD 34.4 million (about 5%). The Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.


Objectives:

The project aims at satisfying the increasing demand for electric power and energy, by raising the installed power generation capacity in Upper Egypt by 1,950 MW. This will be accomplished by constructing a high thermal efficiency, super-critical steam power station, that runs on natural gas as primary fuel and on heavy fuel oil as the alternate fuel.

Description:

The project, which is expected to be completed in the fourth quarter of 2016, is located in the Giza Governate, about 115 km south of the city of Cairo and 200 m east of the Nile river, and far from densely populated areas. The project includes three 650 MW steam power generating units, each consisting of an outdoor super-critical steam generator, an indoor steam turbine, a power generator, a condenser, and accessories. The project consists of the following main components: 1) Power Generating Units and Accessories: This includes the design, supply

and installation of three power generating units, each consisting of a steam generator, a turbine, a power generator, a condenser, and their accessories.

2) Heat Exchangers: This includes design, manufacture and supply of eight feed water heat exchangers, and supervision of their installations and commissioning.

3) Water Treatment and Environmental Monitoring Systems: This includes acquisition and installation of water treatment systems and environmental pollution monitoring equipment.

4) Critical Pipes and Valves: This includes the manufacturing and supply of critical pipes, valves, heat sensors, and all accessories.

Arab Republic of EgyptSouth Helwan Power Generating Station



Beneficiary:

Upper Egypt Electricity Production Company





First Installment: 6 years following the first disbursementDate of

Effectiveness:


5) Transformers, Circuit Breakers, and Measurement and Control Systems: This includes design and supply of three 850 MVA power transformers and auxiliary transformers. It also includes the supply and installation of a 500 kV swithchyard and its accessories, along with the supply of medium and low voltage breakers, measurement, protection and control systems.

6) Mechanical and Electrical Works: This includes the supply and installation of fire fighting systems, heat exchangers, pipes, pumps, heaters, and accessories. The electrical works include the supply and installation of battery systems, distribution boards, protection systems and UPS, in addition to the installation of major equipment consisting of transformers, MV and LV breakers, MCC and DCS.

7) Civil Works: This includes carrying out civil works and erection of a tanks yard, in addition to site services.

8) Consultancy Services and Insurance: This includes technical and consultancy services required for the project design and environmental impact study, preparation of tender documents, assistance in bid evaluation, contracting, and project supervision, in addition to project insurance.

Financing:

The Arab Fund’s loan covers about 9% of the total project cost. It is expected that Arab and international institutions will contribute to the financing of the project. The Egyptian Government will cover the remaining cost of the project and any additional cost that may arise.


Objectives:

The program aims at contributing to the efforts being made to face the exceptional economic and social conditions currently prevailing in the Arab Republic of Egypt, through the provision of financing to small and medium private sector projects and enterprises in various sectors of the economy, thereby contributing to the creation of new jobs and to the increase in production and exports of goods and services.

Implementation:

The loan will be made available to the SFD, which will carry out the tasks of loan administration, program implementation and monitoring. The SFD will on-lend the proceeds of the loan to commercial banks and other intermediary financial institutions, which will use these proceeds to provide loans to eligible projects and enterprises on the basis of criteria and conditions to be agreed upon with the Arab Fund.

Financing:

The Arab Fund will contribute to the financing of the program with a loan of KD 30.0 million. It is expected that the beneficiary entities will participate in the financing of the eligible projects. Their share of the financing will be determined by agreement between the SFD and the intermediary institutions.

Arab Republic of EgyptUrgent Program to Support Small and Medium

Private Sector Projects and Enterprises



Beneficiary: Social Fund for Development (SFD)

Grace Period: 7 yearsMaturity: 25 years



First Installment:7 years followingthe first disbursement Date of

Effectiveness:


Objectives:

The project aims at improving maritime transport services in the Republic of Djibouti. This will be achieved through the construction of a new port in the city of Tadjourah to meet the increasing marine traffic demand, thus contributing to the economic and social development of the country, particularly the northern regions.

Description:

The project, which is expected to be completed by the end of the first quarter of 2015, consists of the construction of the marine and civil works required for dredging and filling works. It includes the construction of a general cargo quay, a ro-ro terminal and breakwaters. It also includes the construction of the infrastructure and buildings, and the provision of the required equipment to operate the port. The project also includes technical and consultancy services for its implementation. The main components of the project can be summarized as follows:

1) Marine Works:

a) Dredging and Backfilling: This component consists of dredging the port basin and entrance channel to a depth of about 12 m below sea level. It also includes backfilling works used to reclaim sea areas to provide land space necessary for storage and future port development.

b) General Cargo Quay: This component consists of the construction of a 435 m quay, made of cellular cylindrical cofferdams, with two berthing facilities for general cargo vessels.

c) Ro-Ro Terminal: This component includes the construction of a typical ro-ro

Republic of DjiboutiPort of Tadjourah



Beneficiary: Ministry of Equipment and Transport Grace Period: 5 years


Amount of Loan: KD 10.0 million Repayment: 41 semi-annual

installments


First Installment:


Effectiveness:


marine terminal with a length of about 190 m, to be used for berthing and mooring facilities.

d) Breakwaters and Accessories: This component includes the construction of two breakwaters with a total length of about 440 m, required to protect the port basin. It also includes the construction of a canal for the initial wadi flood diversion, and two gabion walls to protect the port area.

2) Infrastructure, Buildings and Equipment:

a) Paving: This component includes the paving of storage areas with about 20 thousand m2 of reinforced concrete and about 140 thousand m2 of asphalt concrete, in addition to the paving of roads inside the port.

b) Buildings, Networks and Services: This component includes all civil and architectural works for management, storage and maintenance buildings, a maritime traffic control tower, in addition to works for electricity, drinking water, sewage and telephone networks, and other ancillary works.

c) Equipment: This component includes the acquisition of all land and marine equipment and devices necessary for the port’s operations.

3) Consultancy Services: This includes the consultancy services required for the supervision of the project.

Financing:

The Arab Fund’s loan covers about 47% of the total project cost. It is expected that the Saudi Fund for Development will provide a loan equivalent to about KD 7.0 million (about 33% of the total project cost). The Government of Djibouti will cover the remaining cost of the project and any additional cost that may arise.


Objectives:

The project is part of an integrated program to rebuild and develop Eastern Sudan, by linking remote rural areas and isolated villages to towns and cities, facilitating the population’s access to basic services and products, as well as facilitating the transportation of agricultural products from production areas to consumption areas, with the aim to improve the economic and social situation of the population of these areas.

Description:

The project, which is expected to be completed by the end of the fourth quarter of 2015, consists of the construction of three main roads in three states, the Red Sea, Kassala, and Al Qadarif, in addition to two main bridges. The project includes the execution of all civil and construction works necessary to build these roads and bridges, as well as ancillary works needed for traffic safety. The project includes consultancy services needed for design and supervision of the project. The project consists of the following components:

1) Construction of Roads and Bridges:

a) Roads: This component includes the construction and paving of three roads in East Sudan with asphalt, with a width of 7 m and shoulders ranging between 1.5 and 2 m, for a total length of about 400 km. This component also includes all reinforced concrete works needed to construct bridges and ferries, safety works and drainage facilities, in addition to necessary ancillary works.

i. Kassala - Karkoun - Maman Road: This road is located in Kassala State, with a length of about 75 km. It starts from Karkoun city and ends in Maman city, and passes through Bowabolet, Tahadi and Telkuk.

Republic of SudanEast Sudan Roads



Beneficiary:Eastern Sudan Reconstruction and Development Fund








ii. Toker - Garora Road: This road is located in the Red Sea State, with a length of about 180 km. It starts from Toker city and ends in Garora city, and passes through several villages, such as Juba, Doliba and Aqiq.

iii. Al Qadarif - Simsim Abu Al Naja Link Road: This road is located in Al Qadarif State, with a length of about 146 km. It starts from Al Qadarif city, and passes through Al Qadarif and Al Qalabat counties, in addition to 13 other villages, and ends in Simsim.

b) Bridges:

i. Kassala Bridge: This bridge links Kassala city and Delta Al Qash, with a length of about 150 m and a width of 11.5 m. The bridge consists of two lanes, one in each direction with a width of 4 m, and a pedestrian pathway with a width of 1.75 m. Reinforced concrete and steel structures will be used in the construction of this bridge.

ii. Sidon Bridge: This bridge links Kassala and the Nile River States, with a length of about 250 m and a width of 13 m. The bridge consists of two lanes, one in each direction with a width of 4.5 m, and a pedestrian pathway with a width of 2 m.

2) Consultancy Services: This includes consultancy services required to prepare the studies, design, detailed plans, specifications and tender documents as well as assistance in qualifying contractors, tender evaluation and project supervision.

Financing:

The Arab Fund’s loan covers about 77% of the total project cost. The Sudanese Government will cover the remaining cost of the project and any additional cost that may arise.


Objectives: The project aims at improving land transportation services on the road network in Morocco to accommodate the rapidly growing road traffic and reduce traffic accidents. This project also contributes to the economic and social development of the middle western region of the country and links it to the rest of the motorway network, and facilitates land transportation between that region and the main cities in Morocco.

Description:

The project, which is expected to be completed by the end of the second quarter of 2015, comprises the construction of El Jadida – Safi Motorway. The total length of this motorway is approximately 142 km, and consists of 4 lanes, 2 in each direction with a width of 7 m, a median with a width of 3 m, and shoulders on each side of the motorway with a width of 2.5 m. The project consists of the following components:

1) Motorway Construction: This includes civil works related to the construction of the motorway, drainage works, construction of over-passes and under-passes, as well as construction of main bridges over water courses.

2) Ancillary Works: This includes traffic lights and other safety equipment, maintenance workshops, toll stations and related equipment. It also includes extending and restoring the services affected by the project such as water pipelines, telephone and electricity lines.

3) Project Management: This includes setting up a project implementation unit to manage the project execution, providing consultancy services to assist in project supervision and implementation of the technical aspects of the project, as well as acquiring the services of specialized quality control laboratories.

Kingdom of Morocco El Jadida – Safi Motorway



Beneficiary:Société Nationale des Autoroutes du Maroc (ADM)






Effectiveness:


Financing:

The Arab Fund’s loan covers about 17% of the total project cost. The European Investment Bank is expected to provide a loan to cover about 50% of the total project cost. ADM and the Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.


Objectives:

The project aims at covering the shortage in the supply of drinking water in the cities of Nema and Timbedra, and meeting their future water needs, as well as providing drinking water to the residents of several cities, villages, and population communities in Hodh Elcharghi. This will be accomplished by exploiting part of the Dhar basin, by transporting and distributing its water among the residents. The projects also aims at reducing the spread of diseases caused by consumption of contaminated water by the population, thereby contributing to the improvement of their living, environmental and health conditions.

Description:

The project, which is expected to be completed by the end of 2015, consists of equipping a number of wells of Dhar basin, the construction of a number of pumping stations and reservoirs, laying pipelines, rehabilitation and extension of existing distribution networks and the construction of new ones, as well as the installation of a number of public taps and house connections. The project also includes providing the technical services needed for preparing studies and tender documents, and supervision of project implementation, in addition to providing institutional support, which includes the construction of a building for the administration and operation of the project and a workshop for equipment maintenance. The project includes the following main components:

1) Facilities Works Supplying Cities and Villages Extending from Ould Darwish to Timbedgha: This component includes the required works for the facilities that will supply drinking water to Achmim, Nema and Timbedra cities, as well as about 12 villages extending from Ould Darwish to Timbedra. Works also include equipping about 11 groundwater wells with submersible pumps, and laying pipelines for collection and conveyance of water from the wells to consumption areas. This component also includes the construction of about 8 ground and elevated reservoirs,

Islamic Republic of Mauritania Water Supply to Eastern Cities and Villages

from Dhar Basin


Loan No.: 580 Interest Rate: 2.5 %Beneficiary: Société Nationale

de L’Eau (SNDE)Grace Period: 7 years

Project Cost: KD 36.2 million Maturity: 25 yearsAmount of Loan: KD 20.0 million Repayment: 37 semi-annual

installmentsDate of Loan Agreement:

17/04/2012


Effectiveness:30/07/2012


and about 4 pumping stations. The wells and pumping stations’ works include all civil, hydro mechanical and electrical works, supply and installation of generators, transformers, power transmission lines to the wells and pumping stations, as well as the required equipment for operation and supervision. This component also includes laying secondary pipelines to supply villages with water and to rehabilitate and expand distribution networks in cities, in addition to the installation of a number of public taps and house connections.

2) Facilities Works Supplying Cities and Villages Extending from Baqla to

Bengo: This component includes the required works for the facilities that will supply drinking water to Amrouj, Adel Bagrou and about 15 villages extending from Baqla to Bengo. Works also include equipping about 6 groundwater wells with submersible pumps, and laying pipelines for collection and conveyance of water from the wells to consumption areas. This component also includes the construction of about 9 ground and elevated reservoirs, and about 5 pumping stations. The wells and pumping stations’ works include all civil, hydro mechanical and electrical works, supply and installation of generators, transformers, power transmission lines to wells and pumping stations, as well as the required equipment for operation and supervision. This component also includes laying secondary pipelines to provide villages with water and to rehabilitate and expand distribution networks in cities, in addition to the installation of a number of public taps and house connections.

3) Technical Services: This includes preparing studies, detailed designs, tender documents, and assisting in the tendering and evaluating process, as well as supervising the implementation of the project.

4) Institutional Support: This includes purchasing equipment, supplies and means of transport required for the administration and operation of the project, as well as constructing a building for the administration of the project operation and a workshop for equipment maintenance. It also includes provision of systems and software required to improve the company’s performance and workers’ training.

Financing: The Arab Fund’s loan covers about 55% of the total project cost. It is expected that the Islamic Development Bank will contribute to the financing of the project with a loan equivalent to KD 13.2 million, about 37% of the total project cost. The Government of Mauritania will cover the remaining cost of the project and any additional cost that may arise.


Objectives:

The project aims at enhancing the electrical generating capacity in Yemen in order to meet part of the increasing demand for power and energy in the country, without using fossil fuel. This will be accomplished through the construction of a 60 MW wind farm in the Al-Mokha area, and connecting it to the national transmission network.

Description:

The project, which is expected to be completed by the end of 2014, includes the supply and installation of low voltage (LV) wind turbines, having a total capacity of 60 MW, transformers to raise the generated voltage to 132 kV, the construction of a 132 kV transmission line from the project site to the Al-Mokha substation, the addition of a 132 kV cell at the substation to accommodate the transmission line, along with the provision of engineering services, computers, software and institutional support. The project includes the following main elements:

1) Wind Farm: This includes the supply and installation of LV wind turbines, transformers to raise the voltage to 33 kV, the construction of a 160 MVA substation rated 33/132 kV, the construction of a 2.6 km 132 kV transmission line between the wind farm and the Al-Mokha substation which is attached to the Al-Mokha power plant, the addition of a 132 kV cell at the substation to accommodate the transmission line, along with the execution of civil and electrical works necessary for the operation of the project.

2) Engineering Services, Computers and Programs: This includes engineering services needed during contract negotiations with contractors and suppliers, coordinating and organizing construction and installation works included in the project, and equipment witness testing. This element also includes the acquisition of computers and programs needed to analyze PEC’s electrical system in order to improve its efficiency.

Republic of YemenConstruction of a 60 MW Wind Farm in the Al-Mokha Area



Beneficiary: Public Electricity Corporation (PEC) Grace Period: 5 years





Effectiveness:


3) Institutional Support: This includes training of PEC technical staff in wind farm technologies, constructing stations for measuring wind speeds at various locations in the country, establishing a company for constructing and operating wind projects, and developing standard tender documents for such projects.

Financing:

The Arab Fund’s loan covers about 50% of the total project cost. The World Bank will participate in financing the project through a grant valued at around KD 5.6 Million (16% of the total project cost), and the OPEC Fund will provide a loan for the same amount. The Yemeni Government will cover the remaining cost of the project and any additional cost that may arise.


Objectives:

The project aims at developing the water resources in rural regions located in a number of border provinces in the south of the country, through the construction and rehabilitation of small dams and hafirs (ground reservoirs) to collect and store flood water for a number of valleys with seasonal runoff. The water provided by these facilities will be used for drinking by the nomadic herders and animals in those regions. The project will contribute to the resettlement of nomadic herders, and help avoid conflict between pastoralists and farmers within the borders of Sudan and across the border with the State of South Sudan. It will also contribute to the recharge of groundwater aquifers, reduce soil erosion and desertification, improve the living, economic, social and environmental conditions of the population, as well as reduce the spread of diseases and support stability in the rural regions in the south of the country.

Description:

The project, which is expected to be completed by the end of 2013, consists of the construction of three dams, the rehabilitation and heightening of an existing dam, and the construction of 65 hafirs in six provinces: Blue Nile, White Nile, Sennar, South Kordofan, East Darfur and South Darfur. It includes all civil and hydro-mechanical works, and complementary works necessary for the dams and hafirs. It also includes the technical services required for review of studies and design, and for completion of design and tender documents for the project, as well as construction supervision. The following is a description of these components:

1) Construction of Dams and Hafirs: This component includes all necessary works for the completion of dams and hafirs, and consists of the following:

Republic of SudanWater Harvesting in Border Provinces



Beneficiary:Dams Implementation Unit








a) Dams Works: This includes all necessary works to construct three dams and their appurtenant structures; these are Bouk dam in the Blue Nile province, Mallweyah dam in Sennar province, and Abu Jriayes dam in South Kordofan province. The height of these dams ranges between about 4 and 6 m, their crest length between about 450 and 3,100 m, and their storage capacity between about 1 and 2.2 million m3. These works also include the rehabilitation and heightening of Elmeegeines dam in the White Nile province by about half a meter, which will increase its storage capacity from about 3.2 to 7.2 million m3. The construction and rehabilitation works include all civil works of excavation, fill, and concrete for the dams and their ancillary facilities, as well as the supply and installation of hydro-mechanical equipment for those facilities, and water purification units, in order to control and benefit from the water provided by the dams.

b) Hafirs Works: This includes all necessary works to construct 65 hafirs in the beneficiary provinces. The width of the hafirs ranges between 75 and 300 m, their length between 114 and 308 m, and depth between 3.5 and 5 m. The storage capacity of those hafirs ranges between about 40 and 200 thousand m3, with their total capacity reaching about 4.7 million m3. The construction works include all civil works of excavation, fill, and concrete for the hafirs and their ancillary facilities, and diversion dikes to the hafirs as well as sand filters and subsidiary works such as storage tanks and hydro-mechanical equipment.

2) Technical Services: This includes the consultancy services to review the studies and complete the construction designs and tender documents for the project, to evaluate construction tenders and to supervise the construction of the project. It also includes the use of expert services to review the studies and design of the dams.

Financing:

The Arab Fund’s loan covers about 79% of the total project cost. The Sudanese Government will cover the remaining cost of the project and any additional cost that may arise.


Objectives:

The project represents the fifth phase of the Al-Samra Power Generating Station, located in the Al-Zarqaa Governorate. The project aims at satisfying the increasing demand for electric power and energy in the Kingdom by increasing the installed capacity of the station from 900 MW to 1,040 MW. This will be accomplished through the supply and installation of a steam turbine generator set rated at 140 MW, which, in conjunction with the two gas turbines supplied in phase IV of the station, will create a high efficiency combined cycle block rated at 440 MW.

Description:

The project, which is expected to be completed by the end of 2014, consists of the supply and installation of a steam generating unit that will utilize the exhaust gases from the two gas turbines supplied in Phase IV of the station, two HRSG units, and a transformer to connect the generating unit to the national transmission grid. The project also includes the execution of the necessary mechanical, electrical and civil works, along with the provision of the required consultancy services. The project comprises the following main components:

1) Expansion of the Power Station: This includes the leveling of land involved in the project site, along with all other required civil works, the supply and installation of two HRSG units, a steam turbine generator rated at 140 MW running on natural gas, a 15/132 kV power transformer rated at 200 MVA, in addition to the execution of all associated civil, mechanical and electrical works.

2) Consultancy Services: This includes necessary consultancy services required to prepare design drawings, assist in the tendering process, perform project supervision, and participate in witness testing and preliminary acceptance of equipment included in the project.

Hashemite Kingdom of JordanAl-Samra Electric Power Generating Station (Phase V)



Beneficiary:Al-Samra Electric Power Generating Company

Grace Period 4 years


Amount of Loan: KD 30.0 million Repayment: 37 semi-annualinstallments

Date of LoanAgreement: 12/06/2012

First Installment:4 years following the first disbursement Date of



Financing:

The Arab Fund’s loan covers about 42% of the total project cost. The Al-Samra Electric Power Generating Company will cover the remaining cost of the project and any additional cost that may arise.


Capital, Resources and Status of Loans and Grants 1972 - 2012

(KD Million)

ANNEx 2PAGE 1 OF 2

Years Capital Total Resources Income Administrative

ExpensesSurplus Income Signed Loans

1972 15.4 16.0 0.6 0.1 0.5 -

1973 21.7 22.7 1.0 0.6 0.4 -

1974 36.0 38.7 2.9 0.8 2.1 37.11975 52.0 57.4 3.7 0.9 2.8 56.11976 99.6 108.5 5.9 1.5 4.4 98.21977 131.9 145.7 10.3 2.1 8.2 103.91978 164.9 186.2 11.3 2.2 9.1 -

1979 202.7 225.8 14.7 2.0 12.7 19.41980 260.7 313.2 22.1 2.2 19.9 30.21981 317.5 393.3 26.8 2.1 24.7 40.51982 374.2 482.9 36.7 2.4 34.3 67.31983 450.1 598.4 40.2 3.2 37.0 91.11984 520.5 680.4 40.2 2.9 37.3 85.61985 581.1 797.4 61.0 3.2 57.8 53.21986 642.2 960.5 113.8 3.2 110.6 104.51987 644.2 1,009.3 53.9 3.2 50.7 65.41988 644.3 1,062.0 80.0 2.9 77.1 112.91989 663.0 1,176.2 103.7 3.0 100.7 165.81990 663.0 1,236.7 68.9 3.2 65.7 195.01991 663.0 1,245.2 74.4 3.7 64.9 171.41992 663.0 1,344.4 116.7 3.2 104.7 175.71993 663.0 1,424.9 99.5 3.1 85.0 184.51994 663.0 1,421.5 2.8 3.3 - 0.4 194.41995 663.0 1,495.3 117.2 3.4 80.6 207.51996 663.0 1,584.8 98.5 4.0 94.4 266.41997 663.0 1,675.0 105.4 4.1 96.1 244.11998 663.0 1,747.8 83.8 4.7 77.9 258.01999 663.0 1,828.7 95.3 4.7 86.6 266.02000 663.0 1,933.2 81.4 4.7 76.7 279.52001 663.0 1,983.9 53.6 4.9 48.7 285.02002 663.0 2,054.4 34.2 4.9 78.6 293.52003 663.0 2,169.8 129.2 4.9 122.4 308.52004 663.0 2,266.0 119.3 5.2 113.2 309.02005 663.0 2,354.5 108.4 5.9 102.6 335.02006 663.0 2,451.1 126.5 6.6 119.6 345.02007 663.0 2,535.0 117.3 6.0 111.2 368.02008 2,000.0 2,513.4 6.0 6.7 - 0.9 366.82009 2,000.0 2,617.5 123.2 7.3 115.8 334.12010 2,000.0 2,669.7 95.4 6.9 89.3 360.52011 2,000.0 2,717.2 76.2 7.4 68.8 340.02012 2,000.0 2,808.6 112.0 8.4 103.6 379.0Total 2,000.0 2,808.6 2,674.0 155.8 2,495.4 7,598.1


Capital, Resources and Status of Loans and Grants 1972 - 2012

(KD Million)

ANNEx 2PAGE 2 OF 2

* Based on the date of signature of the loan agreement.

No. of Loans

Average Amount of Loan

Loan Disbursements Repayments Grants Grant

Disbursements

No. of Member

States

No. of BeneficiaryCountries

No. of Technical

Staff

- - - - - - 17 - -

- - - - - - 17 - 188 4.6 1.8 - 0.2 0.1 17 7 26

11 5.1 11.7 - 0.5 0.1 20 8 3014 7.0 18.3 - 0.4 0.2 21 10 4315 6.9 24.7 - 1.0 0.6 21 11 56 - - 61.8 0.2 0.4 0.3 21 - 484 4.9 37.0 2.1 0.3 0.2 21 6 309 3.4 25.5 3.4 0.7 0.2 21 8 32

13 3.1 36.1 6.0 1.3 0.2 22 11 2926 2.6 26.8 9.5 1.3 0.7 22 9 2129 3.1 30.2 11.9 1.5 0.6 22 12 3221 4.1 29.9 10.8 1.3 0.7 22 11 3717 3.1 44.5 12.6 1.4 1.2 22 11 4420 5.2 57.3 26.2 3.3 1.0 22 10 5011 5.9 48.4 25.5 3.8 2.2 22 7 5020 5.6 45.5 26.0 5.1 2.7 22 9 5015 11.1 84.0 31.1 3.8 4.8 22 8 5018 10.8 40.6 26.8 4.7 3.4 21 8 5211 15.6 85.7 46.6 3.3 4.2 21 8 4513 13.5 103.1 44.7 3.4 3.2 21 8 4612 15.4 116.5 40.5 5.9 3.2 21 6 4316 12.2 115.7 40.1 3.5 4.1 21 9 4512 17.3 174.8 42.4 5.8 3.9 21 7 4618 14.8 212.7 46.9 2.9 3.5 21 9 6122 11.1 178.5 50.0 4.9 3.0 21 9 6618 14.3 165.6 53.1 3.9 3.9 21 10 6515 17.7 173.2 51.9 6.3 4.5 21 12 6815 18.6 228.8 119.5 13.0 5.8 21 10 6915 19.0 182.8 93.9 5.0 5.2 21 11 6915 19.6 161.2 90.6 4.1 4.5 21 10 7116 19.3 199.7 122.5 7.0 5.9 21 10 6818 17.2 250.3 101.0 5.1 6.1 21 9 6719 17.6 282.2 155.1 4.5 6.2 21 11 6918 19.2 281.5 306.3 13.9 7.8 21 9 6816 23.0 274.5 136.5 11.3 6.5 21 8 6716 22.9 284.7 129.5 10.5 6.9 21 6 6818 18.6 249.3 186.9 7.5 8.0 21 8 6914 25.7 291.7 167.2 9.6 7.0 21 8 6912 28.3 233.0 157.3 13.4 6.5 21 6 6513 29.2 235.0 165.3 7.5 8.4 21 9 66

593 12.8 5,105.1 2,539.9 183.4 137.0 - - -


Gro

wth

in

Ara

b F

un

d R

eso

urc

es

Du

rin

g t

he

Pe

rio

d 1

97

2 -

20

12

(KD

Mill

ion)

0

400

800

120

0

160

0

200

0

240

0

280

0

320

0

1972

2012

2010

2005

2000

1995

1990

1985

1980

1975Cap

ital

Res

erve

s


Loans, Disbursements, Repaymentsand Debt Owed to the Arab Fund During the Period

1974-2012(KD Million)

Cumulative Loans, Disbursements, Repaymentsand Debt Owed to the Arab Fund During the Period

1974-2012(KD Million)

K D

Mill

ion

K D

Mill

ion

8000

7000

6000

5000

4000

3000

2000

1000

01974 1980 1985 1990 1995 2000 2005 2012

Debt Owed to the Arab FundRepaymentsDisbursementsLoans

0

500

1000

1500

2000

2500

3000

1974-1979 1980-1984 1985-1989 1990-1994 1995-1999 2000-2004 2005-2012

Loans Dibursements Repayments Debt Owed to the Arab Fund


ANNEx 3

Summary of Loans Extended to Member States, 1974 - 2012

(KD Million)

Beneficiary States

No. of Loans Amount of LoansEffective

Loans andDisbursements

% D

isbu

rsem

ents

to E

ffect

ive

Loan

s

Appr

oved

Net

Appr

oved

Canc

elle

d

Net

% N

et L

oans

Effe

ctiv

eLo

ans

Disb

urse

men

ts


44 43 507.7 43.1 464.6 6.8 464.6 432.8 93.1

2 Republic of Tunisia 50 50 673.8 41.6 632.2 9.2 632.2 488.1 77.2

3 Algerian Democratic and People’s Republic

26 25 395.3 112.5 282.8 4.1 282.8 282.8 100.0

4 Republic of Sudan 37 36 627.8 13.0 614.8 9.0 564.8 397.3 70.3

5 Republic of Iraq 10 9 59.7 10.6 49.1 0.7 36.4 19.6 53.7

6 Syrian Arab Republic 51 50 697.0 39.5 657.5 9.6 597.5 467.1 78.2

7 Libya 9 8 175.7 33.2 142.5 2.1 142.5 132.9 93.2

8 Arab Republic of Egypt 51 50 1,078.2 88.8 989.4 14.5 904.4 771.7 85.3

9 Republic of Yemen 96 94 774.7 20.6 754.1 11.0 727.8 439.8 60.4

10 Republic of Lebanon 25 24 393.0 36.1 356.9 5.2 321.9 216.6 67.3

11 Kingdom of Morocco 65 64 1,090.9 121.5 969.4 14.2 939.4 763.3 81.3

12 Kingdom of Bahrain 20 19 301.5 20.5 281.0 4.1 251.0 190.1 75.7

13 Somali Democratic Republic 12 11 40.7 2.8 37.9 0.6 37.9 23.8 62.8


48 48 375.7 4.7 371.0 5.4 371.0 274.3 73.9

15 Sultanate of Oman 24 23 317.5 164.5 153.0 2.2 153.0 153.0 100.0

16 Palestine 5 5 17.0 2.5 14.5 0.2 14.5 14.4 98.8

17 Republic of Djibouti 20 18 72.0 4.7 67.3 1.0 48.3 37.6 77.7

Total 593 577 7,598.1 759.9 6,838.2 100.0 6,490.2 5,105.1 78.7


ANNEx 4

Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2012

(KD Million)

Beneficiary States

Infrastructure Sectors Productive Sectors

Soci

al S

ervi

ces

Sect

ors*

Oth

er S

ecto

rs**

Gra

nd To

tal

Perc

enta

ge

Tran

spor

t

Tele

com

mun

icat

ions

Ener

gy a

nd

Elec

tric

Pow

er

Wat

er a

nd

Sew

erag

e

Agric

ultu

re a

nd

Rura

l Dev

elop

men

t

Indu

stry

and

M

inin

g


36.6 6.0 253.9 8.8 121.4 22.5 58.0 0.5 507.7 6.7

2 Republic of Tunisia 209.8 4.7 130.8 59.9 144.0 37.0 67.0 20.6 673.8 8.9


45.0 7.8 147.0 30.0 77.3 10.0 70.0 8.2 395.3 5.2

4 Republic of Sudan 198.6 7.7 172.5 29.3 165.5 54.2 - - 627.8 8.3

5 Republic of Iraq - 5.0 8.5 - 8.0 18.8 - 19.4 59.7 0.8

6 Syrian Arab Republic 69.0 60.7 368.0 47.5 86.1 52.1 13.0 0.6 697.0 9.2

7 Libya - 12.5 127.2 - - 36.0 - - 175.7 2.3

8 Arab Republic of Egypt 88.0 - 655.4 101.0 - 118.4 83.4 32.0 1,078.2 14.2

9 Republic of Yemen 266.9 8.9 208.9 97.6 63.3 31.1 82.1 16.0 774.7 10.2

10 Republic of Lebanon 89.0 - 115.5 52.0 31.0 - 71.5 34.0 393.0 5.2

11 Kingdom of Morocco 511.0 4.0 85.5 100.3 347.5 9.0 33.0 0.6 1,090.9 14.4

12 Kingdom of Bahrain 50.5 6.0 84.0 66.0 - 25.0 70.0 - 301.5 4.0

13 Somali Democratic Republic

16.5 2.9 6.8 5.0 9.5 - - - 40.7 0.5


70.8 11.1 108.8 135.9 10.3 19.3 4.5 15.0 375.7 4.9

15 Sultanate of Oman 178.5 3.0 22.0 45.0 3.0 6.0 - 60.0 317.5 4.2

16 Palestine 5.0 - - - 6.0 - 6.0 - 17.0 0.2

17 Republic of Djibouti 14.5 5.9 22.0 7.0 1.9 0.7 20.0 - 72.0 0.9

Total 1,849.7 146.2 2,516.8 785.3 1,074.8 440.0 578.5 206.8 7,598.1 100.0Percentage 24.3 2.0 33.1 10.3 14.2 5.8 7.6 2.7 100.0

* Include Education, Health, Housing and Social Development.** Include Loan Commitments for Emergency Projects.


Jord

anTu

nisi

aAl

geria

Suda

nIra

qSy

riaLi

bya

Egyp

tYe

men

Leba

non

Mor

occo

Bahr

ain

Som

alia

Mau

ritan

iaO

man

Pale

stin

eD

jibou

ti

Sect

oral

Dis

trib

utio

n of

Loa

nsA

mon

g B

enefi

ciar

y C

ount

ries

, 197

4 -

2012

(KD

Mill

ion)

0

200

400

600

800

100

0

120

0

Tran

spor

tTe

lecom

munic

ation

sEn

ergy

& E

lectric

Pow

erAg

ricul

ture

& R

ural

Dev

elop

men

tW

ater

& S

ewer

age

Indu

stry

& M

inin

gSo

cial

Ser

vice

sO

ther

s


Loans Extended to Beneficiary Member States 1974 - 2012

(KD 000)

No. Country / Project LoanNo.

Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(1) Hashemite Kingdom of Jordan

1 Amman Northern Approach* 14/75 5,000 69 - 4,931 4,931 2 Electric Power Development I* 19/76 6,000 - - 6,000 6,000 3 Electric Power Development II* 43/77 5,900 - - 5,900 5,900 4 Aqaba Water* 47/79 2,100 129 - 1,971 1,971 5 Second Pan-Arab Telecommunications* 58/80 5,000 4,433 - 567 567

6 White Cement Industry (Jordan and Syria)*

78/82 5,000 - - 5,000 5,000

7 Potable Water to the Rural Areas* 82/82 700 - - 700 700

8 Electric Power Development III (Aqaba Power Station)*

92/82 5,000 - - 5,000 5,000

9 Fifth Pan-Arab Telecommunications (Inter-Arab)/(Earth Stations)*

96/82 1,000 - - 1,000 1,000

10 Small Farmers Credit in the Jordan Valley* 108/83 2,500 - - 2,500 2,500 11 Zarqa-Al Mafraq-Syrian Border Road* 118/83 4,000 - - 4,000 4,000 12 Central Ghors Irrigation* 145/84 6,000 82 - 5,918 5,918 13 Mitigation of Earthquake Risks* 148/84 450 182 - 268 268 14 The Lower Zarqa River Basin* 165/85 5,000 - - 5,000 5,000 15 Zara-Ghor Haditha Road* 175/86 5,600 27 - 5,573 5,573

16 Ruwaishid Pilot Scheme in Hammad Basin (Inter-Arab)*

184/86 1,500 4 - 1,496 1,496

17 Extension of Aqaba Thermal Power Station**

192/87 7,000 7,000 - - -

18 Shaidiya Phosphate Mines* 224/89 8,000 700 - 7,300 7,300 19 Jordan-Egypt Power Link* 233/89 10,500 - - 10,500 10,240

20Supporting Operations of Jordan Electricity Authority and the Jordan Phosphate Mines Co.*

239/90 8,000 - - 8,000 7,752

21 Industrial Development Bank Operations Program, 1990 - 1993*

252/90 5,000 17 - 4,983 4,983

22 Karameh Dam* 277/93 15,000 1,104 - 13,896 11,012

23 Second Agricultural Credit for Income Diversification*

283/93 2,500 - - 2,500 1,725

24 King Abdallah Teaching Hospital* 285/93 10,000 399 - 9,601 7,297

25 Aqaba Power Station Phase II and Reinforcement of Internal Transmission Lines*

301/94 35,000 - - 35,000 24,000

26 Interconnection of Jordan and Syria Power Grids (Jordan)*

311/95 19,500 - - 19,500 12,495

27 Aqaba Thermal Power Station (Phase III)* 320/95 26,000 - - 26,000 17,020 28 Hwarat-Abu Zeighan Irrigation Water Pipeline* 333/96 1,900 595 - 1,305 863 29 Infrastructure Development in the Poor Areas* 358/97 6,000 446 - 5,554 2,419

30 Integrated Development in the Southern Ghors*

359/97 34,000 11,395 - 22,605 12,269

ANNEx 5PAGE 1 OF 20

* Completed Project. ** Fully Cancelled Loan.



(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(1) Hashemite Kingdom of Jordan

31 Integrated Development in the Southern Ghors (Phase II - Mujib Dam)*

365/98 12,000 356 - 11,644 5,694

32 King Abdallah Teaching Hospital (Second Loan)* 371/98 15,000 29 - 14,971 7,691 33 Prince Hamza Hospital* 386/99 23,000 9,348 175 13,652 6,050 34 Al-Wehdah Dam* 394/2000 35,000 6,082 - 28,918 7,668 35 Education Reform - School Buildings* 444/2003 10,000 318 - 9,682 2,402 36 Amman Development Corridor (Section I) 455/2003 12,000 - 336 11,977 -37 Al-Samra Power Generating Station* 462/2004 21,000 - - 21,000 3,600

38 Amman Development Corridor - Phase I (Second Loan)*

499/2006 10,000 - 4,495 10,000 -

39 Al-Samra Power Generating Station (Phase II)* 515/2007 20,000 - - 20,000 570

40 Comprehensive Development of Wadi Araba Region (Phase l)

522/2007 6,000 - 880 4,163 -

41 Al-Samra Electric Power Generating Station (Phase lII)*

524/2007 30,000 - - 30,000 -

42Al-Samra Electric Power Generating Station (Financing Phase IV and Additional Financing for Phase III)

542/2009 30,000 - 1,160 30,000 -

43 Sanam Coated Glass Factory (P)* 12P /2010 4,500 323 491 4,177 -

44 Al-Samra Electric Power Generating Station (Phase V)

567/2011 30,000 - - - -

Subtotal 507,650 43,038 7,536 432,751 208,874(2) Republic of Tunisia

1 Tunis Sud Electric Power* 3/74 2,000 1 - 1,999 1,999 2 El-Borma Gas* 15/75 4,000 4 - 3,996 3,996 3 Development Credit* 34/77 7,000 - - 7,000 7,000 4 Water Supply for Industry in Gabes* 50/79 3,300 1,018 - 2,282 2,282 5 Ghardima Plain Irrigation* 57/80 3,500 478 - 3,022 3,022 6 Bizerte Fisheries Port* 64/81 3,800 649 - 3,151 3,151 7 Fourth Pan-Arab Telecommunications* 72/81 3,700 - - 3,700 3,700 8 Potable Water to Rural Areas* 83/82 600 88 - 512 512 9 Wadi Lubna for Irrigation & Agricultural Development* 91/82 3,500 1,628 - 1,872 1,872

10 Fifth Pan-Arab Telecommunications (Earth Stations)* 101/82 1,000 3 - 997 99711 Water Supply for the Central & Southern Coastal Areas* 115/83 4,000 1,489 - 2,511 2,51112 Mornag Agriculture* 123/83 1,500 133 - 1,367 1,36713 Burj Tomi, Mater and Sajnan Irrigation* 144/84 6,000 2,700 - 3,300 3,30014 Mitigation of Earthquake Risks* 149/84 575 48 - 527 52715 Integrated Rural Development (Phase I)* 166/85 14,000 - - 14,000 14,00016 Northern Roads Development* 190/87 7,000 - - 7,000 7,00017 Monastir Fishery Port* 195/87 1,300 72 - 1,228 1,22818 Al-Qairawan Plain Irrigation* 207/88 5,500 2,079 - 3,421 3,421

ANNEx 5PAGE 2 OF 20

(P): Private Sector Project.* Completed Project.



(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(2) Republic of Tunisia

19 Tunis Municipality Road Rehabilitation* 213/88 2,700 - - 2,700 2,700

20 Rehabilitation and Maintenance of the Phosphoric Acid and Fertilizers Company’s Factories*

228/89 16,000 - - 16,000 16,000

21 Hammamat-Masaken Motorway* 242/90 20,000 - - 20,000 19,20022 Tunisia-Libya Power Link* 243/90 17,800 - - 17,800 8,64023 Maintenance of Flood-damaged Roads* 253/90 5,000 1,049 - 3,951 3,831

24 Sidi El-Barraq Dam Project for Potable Water and Irrigation*

273/92 20,000 3,217 - 16,783 12,783

25 Integrated Rural Development (Phase II)* 293/94 21,000 372 - 20,628 15,09326 Roads Development* 296/94 10,000 - - 10,000 7,12527 University Buildings in Gafsa* 321/96 10,000 2,119 - 7,881 4,91328 Al-Wakael Project (Phase III)* 328/96 5,000 254 - 4,746 3,017

29 Zarqa Dam and the Irrigation of Tbarqa and Mekna Plains*

338/96 13,000 3,830 - 9,170 5,175

30 Hima, Abeed, Rumail and Al-Bark Dams for Irrigation* 348/97 22,000 6,497 - 15,503 8,788

31 Supporting the Vocational Training and Employment Programs*

361/97 11,000 134 - 10,866 5,256

32 Improvement of the Roads Network and Rural Roads*

374/98 35,000 30 - 34,970 15,970

33 Tunis - Bizerte Motorway* 382/99 24,000 4,877 - 19,123 8,12334 El-Kebir and El-Maoula Dams 391/99 28,000 - 209 23,475 6,80035 Development of the Industrial Parks* 402/2000 14,000 4,776 - 9,224 4,28436 Tunis - Mejez El-Bab Motorway* 405/2000 25,000 1,885 - 23,115 8,28037 Developmental Credit Lines* 413/2001 11,000 2,000 - 9,000 3,434

38 Construction of Six Dams in the North to Supply Potable Water

428/2002 32,000 - 1,510 22,027 4,850

39 Modernization of the Transmission Network 443/2003 30,000 - - 30,000 6,880

40 Sarrat Dam and Irrigation of Oulad Bou Ghanem and Mahjouba Plains

459/2004 12,000 - 1,188 3,387 -

41 Al-Wakael Project (Phase IV) 464/2004 4,000 - 21 1,561 36642 Regional and Rural Roads Network* 483/2005 16,000 125 - 15,875 89343 Wadi Al-Kabir Dam in Gafsa Province 490/2006 3,000 - 137 202 - 44 Ghannouch Combined Cycle Power Generating Station 494/2006 25,000 - - 24,938 -

45 Regional and Rural Roads Network (Phase II) 518/2007 22,000 - 185 20,044 -

46 Ghannouch Combined Cycle Power Generating Station (Supplementary Loan)*

543/2009 15,000 - - 15,000 -

47 Sousse Power Generating Station (Second Expansion) 553/2010 37,000 - 17,434 17,434 - 48 Oued Zarga - Bousalem Motorway 561/2011 38,000 - 771 771 - 49 Urgent Program to Support Small Private Sector Projects 573/2011 15,000 - - - - 50 Integrated Development Program 574/2011 42,000 - - - - Subtotal 673,775 41,553 21,456 488,062 234,288

ANNEx 5PAGE 3 OF 20

* Completed Project.



(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(3) Algerian Democratic and People’s Republic

1 New Arzew Port* 5/74 6,000 1,563 - 4,437 4,4372 Telecommunications* 10A/75 300 52 - 248 2483 Jijel Port* 42/77 12,000 6,760 - 5,240 5,2404 Navigation Inspection Unit* 55/80 2,000 70 - 1,930 1,9305 Fourth Pan-Arab Telecommunications* 71/81 4,500 153 - 4,347 4,3476 Two Hospitals in Tihart State* 94/82 5,000 1,624 - 3,376 3,3767 Fifth Pan-Arab Telecommunications (Earth Stations)* 102/82 1,000 - - 1,000 1,0008 The Mitigation of Earthquake Risks (First Loan)* 117/83 4,700 3,704 - 996 9969 Agricultural Credit* 140/84 6,000 - - 6,000 6,000

10 Wadi Mina Irrigation* 167/85 6,500 1,364 - 5,136 5,13611 Sharfa Dam* 183/86 10,800 2,042 - 8,758 8,758

12 Bani Haroun Dam for Municipal Water, Electricity and Irrigation (First Loan)*

210/88 17,000 127 - 16,873 16,873

13 South Power Supply: Adrar Power Station* 261/91 21,000 1,028 - 19,972 19,97214 Bashar-National Grid Power Link* 280/93 16,000 2,235 - 13,765 13,765

15 Bani Haroun Dam for Municipal Water, Electricity and Irrigation (Supplementary Loan)*

298/94 6,000 - - 6,000 6,000

16 Power Generating Station in Hassi Massoud* 324/96 40,000 57 - 39,943 39,943

17 The Mitigation of Earthquake Risks (Second Loan)*

332/96 3,500 1,887 - 1,613 1,613

18 Development of Small and Medium Industries* 339/97 10,000 1,012 - 8,988 8,988

19 Power Generating Station in Hassi Massoud (Supplementary Loan)*

353/97 10,000 47 - 9,953 9,953

20 Al-Hama Power Generation Station* 377/98 30,000 1,476 - 28,524 28,52421 Upgrading of the Electric Grid* 387/99 30,000 - - 30,000 30,000

22 Development of Social Housing in the Central Region*

396/2000 35,000 12,190 - 22,810 22,810

23 Pumping and Conveyance of Bani Haroun Water (First Stage)*

415/2001 31,000 3,902 - 27,098 27,098

24 Conveyance of Bani Haroun Water (Conveyor to Othmania Dam)*

424/2002 30,000 21,597 - 8,403 8,403

25 Afroun- Husseinia Motorway* 426/2002 27,000 19,599 - 7,401 7,401

26 Housing Construction and Reconstruction**

450/2003 30,000 30,000 - - -

Subtotal 395,300 112,487 - 282,813 282,813

(4) Republic of Sudan

1 Gadaref-Kassala Motorway (First Loan)* 6/74 8,000 - - 8,000 8,000 2 Telecommunications* 9/75 4,800 257 - 4,543 4,543 3 Rahad Roads* 16/75 4,400 11 - 4,389 4,389 4 Sennar-Damazin Motorway* 31/76 11,000 986 - 10,014 10,014 5 Railways Development* 46/77 5,000 32 - 4,968 4,968

ANNEx 5PAGE 4 OF 20




(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(4) Republic of Sudan

6 Gadaref-Kassala Motorway (Supplementary Loan)*

51/79 5,200 - - 5,200 5,200

7 Nzara Rural Development** 65/81 2,500 2,500 - - - 8 Potable Water for the Rural Areas* 84/82 1,800 73 - 1,727 1,727

9 Fifth Pan-Arab Telecommunications (Earth Stations)*

100/82 1,300 223 - 1,077 1,077

10 Rehabilitation of Sugar Industry (First Loan)* 110/83 6,000 - - 6,000 6,000 11 Rehabilitation of Sugar Industry (Second Loan)* 111/83 7,500 - - 7,500 7,500

12 Rehabilitation of Gezira Agricultural Scheme (First Loan)*

136/84 8,000 - - 8,000 8,000

13 Rehabilitation of Gezira Agricultural Scheme (Second Loan)*

155/85 4,400 - - 4,400 4,400

14 Rehabilitation of Khartoum Water and Sewerage Facilities*

179/86 2,500 - - 2,500 2,416

15 Rehabilitation of Telecommunications (Phase I)* 180/86 1,600 - - 1,600 1,600 16 Rehabilitation of the Sugar Industry (Third Loan)* 181/86 3,400 - - 3,400 1,760

17 Rehabilitation of Gezira Agricultural Scheme (Third Loan)*

182/86 9,600 - - 9,600 6,102

18 National Power Grid* 198/87 8,500 - - 8,500 6,196 19 Port Sudan Water Supply* 206/87 10,000 5,000 - 5,000 2,560 20 Textiles Rehabilitation* 208/88 4,500 3,765 - 735 735 21 Paving of the Main Roads* 392/2000 23,000 - - 23,000 7,440 22 Roseires Dam* 393/2000 12,000 - - 12,000 3,900 23 Atbara - Haiya - Port Sudan Road* 410/2001 25,000 - - 25,000 4,050 24 Merowe Dam* 422/2002 46,000 - - 46,000 8,750

25 Generation and Transmission of Electricity from Merowe Dam*

448/2003 30,000 - - 30,000 2,400

26 Gadaref-Doka-Gallabat Road* 457/2003 9,000 130 - 8,870 1,152 27 Merowe Dam Road* 474/2005 4,000 - - 1,534 558 28 White Nile Sugar* 476/2005 21,000 - 199 21,000 680 29 Heightening of Roseires Dam (Phase II)* 521/2007 58,000 - 10,951 49,040 -30 Merowe Dam (Supplementary Loan)* 528/2008 58,000 - 1,272 40,978 -31 Al Salam Cement Factory (P)* 8P/2008 2,778 - - 2,778 309 32 White Nile Sugar (Supplementary Loan) 548/2010 30,000 - 5,249 25,303 -33 Khartoum New International Airport 552/2010 50,000 - - - -34 Upper Atbara and Setit Dams Complex 557/2010 50,000 - 9,754 9,754 -

35 Electric Power Generating Station in the Upper Atbara and Setit Dams Complex

566/2011 30,000 - 4,870 4,870 -

36 East Sudan Roads 578/2012 54,000 - - - -37 Water Harvesting in Border Provinces 582/2012 15,000 - - - -

Subtotal 627,778 12,978 32,295 397,281 116,425

ANNEx 5PAGE 5 OF 20


(P): Private Sector Project.



(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(5) Republic of Iraq1 Deep Freeze Store* 107/83 10,000 1,700 - 7,259 3,032

2 Fifth Pan-Arab Telecommunications (Earth Stations-Arabsat)

141/84 5,000 - - 4,373 -

3 Mitigation of Earthquake Risks 150/84 525 - - 503 63

4 Deep Freeze Store in Ninawa** 169/85 8,900 8,900 - - -

5 Agricultural Credit 200/87 8,000 - - 2,678 -

6 Industrial Credit 209/88 8,000 - - 3,726 -

7 Industrial Credit II 225/89 2,800 - - 283 -

8 Abattoir and Meat Processing Unit (Central Region)

226/89 3,800 - - 749 -

9 Abattoir and Meat Processing Unit-Basra 235/90 4,200 - - - -

10 Basra Power Grid 248/90 8,500 - - - - Subtotal 59,725 10,600 - 19,571 3,095

(6) Syrian Arab Republic

1 Fuel Storage Tanks* 2/74 2,000 - - 2,000 2,000

2 Cattle Breeding (Ghab)* 8/74 5,400 3,412 - 1,988 1,988

3 Damascus Water Supply (First Loan)* 26/76 12,000 - - 12,000 12,000

4 Banias Power Station* 45/77 6,000 - - 6,000 6,000

5 Second Pan-Arab Telecommunications* 60/80 2,700 918 - 1,782 1,782

6 Homs and Hama Sewerage* 61/81 5,000 4,354 - 646 646

7 Damascus Garbage Composting* 70/81 2,200 2 - 2,198 2,198

8 Tartous-Lattakia Motorway* 93/82 6,000 - - 6,000 6,000

9 Fifth Pan-Arab Telecommunications (Earth Stations)* 95/82 1,000 - - 1,000 1,000

10 Damascus-Sanamein-Jordanian Border Road* 128/83 9,000 - - 9,000 9,000

11 Mehardeh Power Station Extension (First Loan)* 146/84 6,500 239 - 6,261 6,261

12 Mitigation of Earthquake Risks* 151/84 575 11 - 564 564

13 Pesticides Arab Joint Venture (Syria-Jordan)**

154/84 1,900 1,900 - - -

14 Mehardeh Power Station Extension (Second Loan)*

156/85 4,500 143 - 4,357 4,357

15 Damascus Water Supply (Second Loan)* 164/85 3,000 361 - 2,639 2,639

16 Fifth Pan-Arab Telecommunications (Earth Stations) - (Supplementary Loan)*

172/86 1,000 - - 1,000 1,000

17 Tenf Pilot Scheme in Hammad Basin (Inter-Arab)*

185/86 1,700 - - 1,700 1,700

18 Ghab and Asharneh Plains Irrigation* 193/87 15,000 995 - 14,005 14,005

19 Mehardeh Power Station Extension (Supplementary Loan)*

194/87 2,500 - - 2,500 2,500

ANNEx 5PAGE 6 OF 20




(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2


20 Hamah-Saraqeb Road and AinEissa-Qintari Road*

214/88 8,000 31 - 7,969 7,741

21 Homs and Hama Sewerage* 241/90 9,500 1,944 - 7,556 7,01622 Aleppo Sewerage* 245/90 12,500 5,434 - 7,066 6,881

23 Rehabilitation of Phosphate Fertilizer Plant in Homs*

246/90 10,000 1,082 - 8,918 8,195

24 Khaboor Irrigation (Phase I)* 250/90 15,000 1,281 - 13,719 12,549

25 Jourine Joint Water Supply* 260/91 5,500 1,598 - 3,902 3,314

26 Phosphate Fertilizers in Tadmur 265/92 30,000 - - - -

27 Medical Equipment in Hospitals* 271/92 13,000 23 - 12,977 9,477

28 Southern Region Agricultural Development Project (Phase II)*

274/92 3,500 909 - 2,591 1,909

29 Tishrin Hydroelectric Dam* 279/93 36,000 3,054 - 32,946 24,576

30 Rehabilitation of Sulphuric Acid Plant in Homs* 287/93 6,000 739 - 5,261 5,261

31 Zeizoun Power Generating Station* 291/93 30,000 689 - 29,311 21,711

32 Agricultural Development in Jabal Al-Hoss* 307/95 2,500 832 - 1,668 744

33 Interconnection of Jordan and Syria Power Grids (Syria)*

312/95 30,000 - - 28,223 17,290

34Syria-Turkey Power Grid Interconnection and Reinforcing the Syrian Internal Network*

314/95 26,000 2,936 - 23,064 10,714

35 Construction of 66 kV Substations in Six Governorates*

319/95 15,500 - - 11,902 5,880

36 Agricultural Development in the Coastal and Central Areas*

327/96 17,500 6,559 - 10,941 3,741

37 Modernization of the Communications System in Syria (1.650 million new lines)*

351/97 26,000 - - 21,950 11,840

38 National Control Center for the Electric System*

366/98 10,000 - - 7,382 3,575

39 Integrated Development in the Badia* 368/98 20,000 - - 14,659 5,970

40 Lattakia - Ariha Motorway 379/98 30,000 - - 26,829 11,180

41 Modernization of the Communications System (Subscribers’ Networks)*

384/99 30,000 - - 30,000 10,260

42 The Expansion and Conversion to Combined Cycle of Nasrieh Power Plant *

409/2001 25,000 - - 9,293 2,860

43Transformation Stations in the Industrial Cities of Rif Dimashq, Homs and Aleppo Provinces*

429/2002 9,000 - - 7,371 1,750

44 Rural Development in Idlib Governorate 433/2002 5,500 - 295 606 -

45 Converting Zeizoun Power Station to Combined Cycle*

440/2003 22,000 - - 13,654 2,950

46 Power Generating Station in the South (Deir Aly)*

469/2004 30,000 - - 29,643 -

ANNEx 5PAGE 7 OF 20




(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2


47Arab Gas Pipeline Project - Third Stage (Aleppo - Kalas Section)

529/2008 10,000 - - 1,881 -

48 Expansion of Deir Ali Power Generating Station

536/2008 45,000 - 4,428 20,169 -

49 Deir Al-Zor - Al-Boukamal Road 537/2008 16,000 - 15 33 -

50 Power Generating Station in the Eastern Region (Deir Al-Zor)

493/2006 30,000 - - - -

51Power Generating Station in the Eastern Region (Deir Al-Zor) - (Supplementary Loan)

565/2011 30,000 - - - -

Subtotal 696,975 39,447 4,738 467,123 273,023(7) Libya

1 Two Fish Packaging Plants in Sabrata and Zlaiten*

240/90 11,000 1,867 - 9,133 9,133

2 Libya-Tunisia Power Link * 244/90 2,200 784 - 1,416 750

3 Interconnection of the Libyan and Egyptian Power Grids (Libya)*

326/96 12,000 2,590 - 9,410 6,420

4 National Control Center for the Libyan Electrical System*

329/96 20,000 - - 20,000 4,568

5 Submarine Fiber Optic Cable* 369/98 12,500 2,932 - 9,568 9,568

6 Development Credit** 385/99 25,000 25,000 - - -

7 Converting North Benghazi Electrical Power Plant to Combined Cycle*

398/2000 25,000 - - 25,000 6,840

8 Conversion of Al-Zawya Power Station to Combined Cycle*

437/2002 28,000 - - 22,012 6,750

9 Electrical Inter-Connection at 400 kV (Phase II)

458/2004 40,000 - - 36,336 6,900

Subtotal 175,700 33,173 - 132,875 50,929(8) Arab Republic of Egypt1 Talkha II Fertilizers (First Loan)* 4/74 6,500 - - 6,500 6,5002 Tourah Cement Expansion* 11/75 6,700 - - 6,700 6,6123 Cairo-Fustat Water Supply* 17/75 9,700 1,806 - 7,894 7,8944 Cairo-Helwan Sewerage* 18/75 8,300 7,603 - 697 6975 Talkha II Fertilizers (Supplementary Loan)* 24/76 2,700 6 - 2,694 2,6046 Abu-Qir Power Station Extension* 28/76 12,000 3,041 - 8,959 8,9597 Kafr El-Dawar Textiles* 30/76 10,000 - - 10,000 9,5418 Suez Canal Development* 40/77 12,000 - - 12,000 11,5379 Dumyat Power Station (Phase II)* 221/89 35,000 700 - 34,300 29,925

10 Idfu Wood Pulp Plant Extension* 229/89 7,500 632 - 6,868 5,49211 Egypt-Jordan Power Link* 234/89 34,100 3,339 - 30,761 26,52512 Soda Ash Plant (First Loan)* 238/90 7,000 - - 7,000 5,580

ANNEx 5PAGE 8 OF 20




(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(8) Arab Republic of Egypt13 Ammonium Nitrate Unit* 247/90 8,000 - - 8,000 6,56014 Kureimat Power Station* 254/91 36,250 3,585 - 32,665 25,64515 Rubber Tires and Tubes Factory Extension* 255/91 10,500 - - 10,500 7,56016 Social Development Fund (Phase I)* 256/91 14,400 11 - 14,389 10,31917 Sewerage Projects in 46 Towns* 270/92 36,000 14,732 - 21,268 16,08818 Sidi-Kreir Thermal Power Station* 272/92 44,000 6,363 - 37,637 22,20119 Mitigation of Earthquake Risks* 275/92 2,000 1 - 1,999 1,35120 Reconstruction of Earthquake- damaged Schools* 276/93 15,000 - - 15,000 9,49021 Suez Transformers Station* 278/93 16,000 733 - 15,267 10,236

22 Rehabilitation of Phosphatic Fertilizers Plant in Abu Zaabal*

284/93 4,000 242 - 3,758 3,123

23 Electric Insulations Plant* 286/93 4,500 484 - 4,016 4,01624 Float Glass Plant* 292/94 15,000 384 - 14,616 14,61625 Soda Ash Plant (Second Loan)* 295/94 4,000 82 - 3,918 3,91826 Oyun Moussa Power Station* 309/95 39,000 8,600 - 30,400 16,57627 Construction of a Special Steel Factory* 318/95 15,000 409 - 14,591 9,76128 Social Development Fund (Phase II)* 346/97 21,000 - - 21,000 6,80429 The Liver Diseases Center 362/98 3,000 - - - - 30 Construction of a Flat Steel Plant* 372/98 17,000 79 - 16,921 16,921

31 Upgrading the Egyptian National Railroads Authority’s Locomotives and Workshops*

399/2000 16,000 - 2,248 15,489 2,200

32 Cairo North Power Generation Station* 407/2001 27,000 1,707 - 25,293 3,843

33 Water Supply for 240 Villages Deprived of Potable Water - Phase I

420/2001 17,000 - - 13,110 3,320

34 Natural Gas Pipeline (Al-Arish - Aqaba)* 427/2002 17,000 4,224 - 12,776 12,77635 Nubaria Power Station - Phase I* 434/2002 30,000 - 981 29,319 5,39036 Nubaria Power Station - Phase II* 438/2003 30,000 - - 29,896 3,85037 Educational Buildings** 442/2003 30,000 30,000 - - -

38 Water Supply for 240 Villages Deprived of Potable Water - Phase II

432/2002 30,000 - 153 27,459 5,124

39 Talkha Combined Cycle (750 M.W.) Power Generation Station*

461/2004 30,000 - 186 29,442 3,080

40 Development of the Waterway Between Cairo and Alexandria

472/2005 10,000 - 644 2,837 -

41 Expansion of West Cairo Power Generation Station 484/2005 30,000 - 1,476 29,793 - 42 Development of Hurghada International Airport 488/2006 35,000 - 8,381 16,991 - 43 Al-Atf Power Generating Station* 492/2006 30,000 - 1,199 29,501 -

44 Expansion of Abu Qir Power Generating Station 1300 MW

513/2007 30,000 - 3,171 24,420 -

45 Expansion of Abu Qir Power Generating Station 1300 MW (Second Loan)

525/2007 30,000 - 3,171 24,420 -

ANNEx 5PAGE 9 OF 20




(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(8) Arab Republic of Egypt

46 El-Ain El-Sokhna Power Generating Station

539/2009 55,000 - 16,966 27,151 -

47 South Gas Pipeline 530/2008 25,000 - 20,847 20,847 - 48 Banha Power Generating Station 554/2010 50,000 - 9,508 12,639 -

49 Development of Hurghada International Airport (Supplementary Loan)

559/2010 15,000 - - - -

50 South Helwan Power Generating Station 571/2011 55,000 - - - -

51Urgent Program to Support Small and Medium Private Sector Projects and Enterprises

572/2011 30,000 - - - -

Subtotal 1,078,150 88,762 68,930 771,701 346,636(9) Republic of Yemen1 Mukalla Multipurpose* 1/74 3,200 - - 3,200 3,2002 Electric Power I* 7/74 4,000 - - 4,000 4,0003 Aden Port Rehabilitation* 12/75 3,900 - - 3,900 3,9004 Hodeida Water Supply and Sewerage* 13/75 6,000 727 - 5,273 5,2735 Taiz-Aden Road* 22A /76 3,800 - - 3,800 3,8006 Aden-Taiz Road* 22B/76 6,500 - - 6,500 6,500 7 Mukalla Multipurpose (Supplementary Loan)* 27/76 2,600 1,904 - 696 696

8 Electric Power II* 32/77 9,000 - - 9,000 9,000

9 Sana’a Water Supply* 37/77 5,000 91 - 4,909 4,909

10 Hadramaut Power* 48/79 4,000 - - 4,000 4,000

11 Wadi Tuban Agricultural Scheme* 53/80 1,900 25 - 1,875 1,875

12 Dhamar Water Supply and Sewerage* 80/ 56 3,000 7 - 2,993 2,993

13 Electric Power III (Dhamar-Taiz Transmission Network)*

62/81 4,700 - - 4,700 4,700

14 Aden Water Supply (First Loan)* 63/81 3,500 - - 3,500 3,500

15 Third Pan-Arab Telecommunications* 68/81 1,400 - - 1,400 1,400

16 Third Pan-Arab Telecommunications* 69/81 1,300 - - 1,300 1,300 17 Electric Power IV (Al-Mokha Power Station)* 79/82 4,000 42 - 3,958 3,958 18 Potable Water to Rural Areas* 87/82 1,500 - - 1,500 1,500 19 Potable Water to Rural Areas* 88/82 700 80 - 620 620 20 Nashtoun Fisheries Port* 90/82 3,000 - - 3,000 3,000


97/82 1,200 - - 1,200 1,200

22 Reconstruction of Flood-damaged Roads and Bridges*

109/83 1,000 - - 1,000 1,000

23 Strengthening of Taiz-Al Mafraq Road* 114/83 2,100 388 - 1,712 1,712

24Electric Power III Development (Electrification of Five Towns East of Mukalla)*

122/83 1,500 - - 1,500 1,500

ANNEx 5PAGE 10 OF 20




(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(9) Republic of Yemen

25 Fisheries Manpower Centre (FMDC) and the Fisheries Co-operatives (FDC)*

124/83 1,000 - - 1,000 1,000

26 Dhamar Water Supply and Sewerage (Supplementary Loan)*

125/83 3,000 7 - 2,993 2,993

27 Rural Development in the Central Highlands* 126/83 3,000 236 - 2,764 2,764 28 Seiyoun Regional Water Supply* 127/83 2,000 - - 2,000 2,000

29 Seiyoun Regional Water Supply Development (Phase II)*

131/84 3,700 61 - 3,639 3,639

30 Geological and Water Mapping of N. Yemen* 132/84 1,200 151 - 1,049 1,049 31 Geological and Water Mapping of S. Yemen* 133/84 1,200 211 - 989 989 32 Development of Health Institute* 138/84 1,100 246 - 854 854 33 Strengthening of Sana’a-Taiz Road* 147/84 5,600 247 - 5,353 5,353 34 Mitigation of Earthquake Risks* 152/84 600 1 - 599 599 35 Grain Silos** 157/85 8,000 8,000 - - - 36 Wadi Hajar Agriculture* 160/85 3,500 - - 3,500 3,500 37 Aden-Abyan Electrification Scheme* 161/85 5,900 237 - 5,663 5,663 38 Nisab-Beigan Road* 170/86 4,200 58 - 4,142 4,142 39 Electricity Distribution Network (First Loan)* 173/86 4,200 - - 4,200 4,200 40 Greater Aden Second Water Supply (Second Loan)* 174/86 2,000 221 - 1,779 1,779 41 Wadi Jawf Agricultural Development* 177/86 3,100 151 - 2,949 2,949 42 Aden Water Supply (Supplementary Loan)* 188/86 1,000 2 - 998 998 43 Laboos Water Supply* 189/87 4,000 58 - 3,942 3,942 44 Strengthening Sana’a-Hodeida Road* 199/87 6,800 - - 6,800 6,800 45 Lawder-Mukairas Road & Road Maintenance* 204/87 5,500 113 - 5,387 5,387 46 The FMDC & the FDC (Supplementary Loan)* 205/87 1,500 37 - 1,463 1,463 47 Zabid-Al Hodeida Road Rehabilitation* 211/88 2,500 - - 2,500 2,176 48 Northern Region Agricultural Development* 215/88 3,500 38 - 3,462 2,428 49 Yemen Power Link Taiz-Aden* 217/88 8,600 24 - 8,576 6,035 50 Yemen Power Link Aden-Taiz* 218/88 10,000 62 - 9,938 7,81051 Al-Mukalla Water Supply* 220/88 2,850 20 - 2,830 2,430 52 Integrated Rural Development in the Central Highlands* 222/89 3,500 254 - 3,246 1,852 53 Agricultural Credit* 230/89 5,500 8 - 5,492 3,922

54 Wadi Hadramaut Agricultural Development Project (Phase III)**

232/89 3,300 3,300 - - -

55 Hojja-Al Khashm Road* 236/90 3,000 570 - 2,430 1,93556 Electricity Distribution Network (Second Loan)* 251/90 4,500 146 - 4,354 2,689

57 SEA-ME-WE II Submarine Cable Project (Second Loan)* 268/92 5,000 1,905 - 3,095 2,215

58 Rehabilitation of Flood-damaged Electricity, Water and Sewerage Facilities in Aden*

288/93 2,500 23 - 2,477 1,577

59 Sana’a Sewerage Treatment Plant* 322/96 8,000 1 - 7,999 4,099

60 Social Development Fund* 350/97 6,000 - - 6,000 2,106





(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(9) Republic of Yemen

61 Wadi Hadramaut Agricultural Development Project (Phase III)*

357/97 4,000 702 - 3,298 808

62 Sanitation Networks in Sana’a 383/99 18,000 - 331 13,310 7,13263 Sayhut - Nashtoun Road* 403/2000 26,000 - 465 17,540 5,77064 Sana’a International Airport Development 411/2001 28,000 - - 9,836 7,15065 Social Development Fund - Phase II* 425/2002 15,000 - - 15,000 2,83566 Grain Silos and Flour Mills at Saleef Port (P)* 2P/2002 3,000 - - 3,000 3,000

67 Ma’rib - Sana’a Transmission Lines at 400 k.V. and Upgrading the Electrical Grid*

435/2002 30,000 - 15 26,380 2,920

68 Dhamar - Al-Husseiniya Road 445/2003 15,000 - 2,041 11,883 2,190

69 Construction of Ma’rib Gas-Turbine Electrical Generating Station*

447/2003 25,000 - 2 24,531 3,050

70 Major Intersections in Sana’a City 453/2003 15,000 - 50 14,248 2,555

71 Grain Silos and Flour Mills at Saleef Port (Supplementary Loan) (P)*

3P/2004 2,000 - - 2,000 1,650

72 Completion of Sanitation Networks in Sana’a 463/2004 12,000 - 22 9,564 1,67773 Five-Star Hotel in Sana’a (P)* 4P/2004 6,000 - - 6,000 3,08074 Rural Access Roads 467/2004 26,000 - 606 19,764 67075 Development of Local Communities (Phase III)* 477/2005 15,000 - - 15,000 -76 Aden Iron Factory in Lahaj Governorate (P)* 5P/2006 7,000 - - 7,000 2,99077 Social Development Fund - Phase III 480/2005 15,000 - - 15,000 -78 Wastewater Facilities in Seiyoun and Tarim 482/2005 15,000 - 20 103 -

79Construction of a Second Ma’rib Gas-Turbine Power Generating Station and the Expansion of the Transmission Grid

502/2006 30,000 - 6,674 6,674 -

80 Agricultural and Fisheries Development in the Hadramout Coastal Area

508/2007 12,000 - 48 172 -

81 Aden Iron Factory in Lahaj Governorate (Supplementary Loan) (P)*

7P/2007 3,000 - - 3,000 825

82 Sana’a International Airport Development (Phase II)

516/2007 47,000 - - - -

83 Development of the Coastal Road in Aden Governorate

520/2007 10,000 - - 44 -

84 Development of Water and Wastewater Facilities in Aden Governorate

526/2008 10,000 - 15 94 -

85 Glass Factory in Sana’a Governorate (P) 9P/2008 3,000 - - 2,799 - 86 Taez International Airport Development 533/2008 7,000 - - - - 87 Major Intersections in Sana’a City (Phase II) 541/2009 8,000 - 1,260 6,760 - 88 Sugar Refinery in Aden (P) 10P/2009 8,250 - - - - 89 Al Mukalla Iron and Steel Factory (P)* 11P/2009 4,800 256 - 4,544 - 90 Rural Roads Development (Phase III) 545/2009 15,000 - 239 356 - 91 Protection of Sana’a City from Floods 550/2010 7,000 - 404 404 -


* Completed Project. (P): Private Sector Project.



(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(9) Republic of Yemen92 Social Fund for Development (Phase IV) 560/2010 30,000 - 1,500 1,500 - 93 Major Intersections in Sana’a City (Phase III) 562/2011 10,000 - - - -

94 Dhamar - Al-Husseiniya Road (Supplementary Loan)

563/2011 12,000 - - - -

95Construction of a Second Ma’rib Gas-Turbine Power Generating Station and Expansion of the Transmission Grid (Supplementary Loan)

564/2011 43,000 - - - -

96 Construction of a 60 MW Wind Farm in the Al-Mokha Area

581/2012 18,000 - - - -

Subtotal 774,700 20,612 13,689 439,800 227,173(10) Republic of Lebanon

1 Electricity Network* 38/77 6,000 - - 6,000 6,0002 Beirut Port* 39/77 5,000 - - 5,000 5,0003 Rehabilitation of Electricity Installations* 263/91 22,000 3,157 - 18,843 15,7594 Reconstruction and Shelter Rehabilitation* 282/93 8,000 - - 8,000 5,520

5 Rehabilitation of Electricity Installations (Supplementary Loan)*

304/94 7,000 291 - 6,709 4,573

6 Zahrani Power Station* 305/94 30,500 - - 30,500 21,5807 Saida and Sour Water Supply* 317/95 10,000 6 38 9,994 4,5608 Technical and Vocational Schools 323/96 15,000 - 1,586 13,862 8,600

9 Administrative Rehabilitation of Public and Independent Agencies*

325/96 6,000 5 - 5,995 3,243

10 Rehabilitation of the Infrastructure and Buildings Damaged by the Israeli Aggression*

331/96 13,500 - 61 13,438 5,882

11 The Lebanese University Project (First Loan)* 355/97 23,000 - - 23,000 11,22012 Syr El-Dania Jbab El-Homr / El-Hermel Road 356/97 6,000 - - 5,827 1,557

13 Beirut Southern Entrances: Khaldeh-Cocodi and Awzaee Roads*

363/98 12,000 6,076 - 5,924 3,264

14 Interconnecting the Lebanese and Syrian Electric Grids at 400 kV*

400/2000 8,000 - - 4,072 2,450

15 Conveyance of Litani Water to Southern Lebanon

418/2001 31,000 - 4,631 6,618 1,960

16 Control Center for the Lebanese Power Network 423/2002 7,000 - 118 6,283 57017 Infrastructure Upgrading in Beirut City 430/2002 17,000 - 1,077 8,771 4,41018 The Lebanese University Project (Second Loan)* 439/2003 6,000 1,583 - 4,417 1,285

19 Development of the Road Network and Main Intersections

449/2003 30,000 - 931 20,590 2,580

20 Administrative Rehabilitation 495/2006 9,000 - 265 1,318 -

21 Development of Water and Wastewater Facilities in some Areas in Lebanon

496/2006 25,000 - 712 1,418 -

22 Rehabilitation of Infrastructure Damaged by the Aggression

500/2006 30,000 - 3,646 8,846 -





(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(10) Republic of Lebanon

23 Rehabilitation of the Private Sector Enterprises Damaged by the Israeli Aggression**

505/2006 25,000 25,000 - - -

24 Rehabilitation of Electric Power Installations Damaged by the Israeli Aggression

506/2006 35,000 - - - -

25 Syr El-Dania Jbab El-Homr/ El-Hermel Road (Second Loan)

527/2008 6,000 - 1,189 1,211 -

Subtotal 393,000 36,118 14,254 216,637 110,013(11) Kingdom of Morocco

1 Telecommunications* 10B/75 3,000 802 - 2,198 2,198 2 Beni Amir Irrigation* 20/76 7,000 1,254 - 5,746 5,746 3 Agricultural Credit (First Loan)* 33/77 9,000 - - 9,000 9,000 4 Oujda Cement* 41/77 9,000 - - 9,000 9,000 5 Gharb Irrigation* 54/80 5,000 - - 5,000 5,000 6 Al-Houz Al-Awsat (First Loan)* 74/81 7,500 - - 7,500 7,500 7 Al-Houz Al-Awsat (Second Loan)* 76/82 7,500 - - 7,500 7,500 8 Potable Water to Rural Areas* 85/82 1,300 1,135 - 165 165


103/82 1,000 - - 1,000 1,000

10 Agricultural Development in Loukkos Valley (First Loan)*

121/83 7,500 - - 7,500 7,500

11 Agricultural Credit (Second Loan)* 134/84 8,000 - - 8,000 8,000 12 Mitigation of Earthquake Risks* 153/84 600 6 - 594 594 13 Ait Ayoub Dam for Irrigation & Electricity* 168/85 15,000 4,787 - 10,213 10,213 14 Lower Tassaout Irrigation* 176/86 5,000 - - 5,000 5,000

15 Aoulouz Dam and Agricultural Development in Wadi Souss*

191/87 15,000 2,903 - 12,097 12,097

16 Al-Mana’ Barrage and Irrigation of Lands in Al-Gharb Plain*

212/88 17,000 2,863 - 14,137 14,137

17 Ismir Dam and Potable Water for Tatwan Area* 223/89 4,000 900 - 3,100 3,10018 Agricultural Credit (Third Loan)* 231/89 12,000 - - 12,000 12,00019 Maja’ra Dam* 237/90 50,000 542 - 49,458 38,97220 Rehabilitation of Flood-damaged Infrastructure* 249/90 2,500 33 - 2,467 2,31021 Upper Dokala Region Irrigation (Phase I)* 264/91 30,000 3,983 - 26,017 20,74622 Rabat-Larache Motorway* 267/92 18,000 - - 18,000 14,93523 Agricultural Credit (Fourth Loan)* 281/93 18,000 5,251 - 12,749 12,74924 Seedi Al-Shahid Dam* 290/93 18,500 2,697 - 15,803 11,825

25 Strengthening Internal Power Grid for the Morocco - Spain Interconnection*

299/94 18,500 4,628 - 13,872 10,722

26 Loukkos Basin Agricultural Development (Second Loan)*

300/94 3,000 22 - 2,978 2,158

27 Al-Gharb Plain Irrigation (Phase II)* 303/94 20,000 537 - 19,463 13,061





(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(11) Kingdom of Morocco

28 Rabat-Fes Motorway* 306/95 23,000 3,123 - 19,877 13,72829 Maja’ra Dam (Second Loan)* 315/95 17,000 2,990 - 14,010 8,53730 Combatting the Effects of the Drought* 316/95 10,000 - - 10,000 7,62531 Potable Water for Meknes City** 330/96 7,000 7,000 - - - 32 Agadir and Tantan Fisheries Port* 335/96 13,000 1,095 - 11,905 7,576

33 Morocco-Spain Power Interconnection (Supplementary Loan)*

337/96 7,000 3,428 - 3,572 2,326

34 Dchar El Oued and Ait Massoud Dams for Electricity, Irrigation and Drinking Water*

344/97 15,000 5,886 - 9,114 4,794

35 Dchar El Oued and Ait Massoud Dams: Financing the Two Hydro-electric Stations*

345/97 15,000 8,796 - 6,204 3,430

36 Casablanca-Settat Motorway (Second Section)*

364/98 16,000 4,031 - 11,969 5,209

37 Development of Social Housing in Agadir City* 378/98 18,000 3,634 - 14,366 1,838

38 Ait Hamou Dam and Supplying Greater Agadir City with Water*

380/99 17,000 8,966 - 8,034 3,816

39 Mohammed V Airport Development* 389/99 10,000 - - 9,377 2,160

40 Afourer Pumped Storage Hydro-Power Plant*

397/2000 25,000 2,736 - 22,264 9,064

41 Casablanca - El-Jadida Motorway* 416/2001 15,000 3,099 - 11,901 4,221

42 Raising of Sidi Mohammed Bin Abdullah Dam and Construction of Boukhamis Dam*

421/2002 18,000 - - 8,149 4,120

43 Rural Electrification 446/2003 20,000 - 356 19,337 3,99044 Tetouan - Fenidiq Motorway* 451/2003 14,000 5,386 - 8,614 2,03445 Settat - Marrakech Motorway (Phase I)* 452/2003 30,000 15,167 - 14,833 2,943

46 Tangier Mediterranean Harbour - Northern Highway Motorway*

460/2004 35,000 5,378 - 29,622 4,272

47 Werkan Dam to Supply Marrakech with Potable Water*

470/2004 7,000 - - 5,956 800

48 Tangier Mediterranean Harbour - Northern Highway Motorway (Section Three)*

473/2005 20,000 2,921 - 17,079 2,439

49 Marrakech - Agadir Motorway* 485/2005 29,000 262 - 28,738 2,498

50 Wadi Al-Raml Dam to Supply Tangier Mediterranean Port with Water*

486/2005 9,000 - - 9,000 980

51 Marrakech - Agadir Motorway (Second Loan)* 491/2006 31,000 - - 31,000 1,780

52 Generalization and Integration of Information Technology in Public School Education*

498/2006 15,000 - - 4,772 820

53 Rural Roads 503/2006 15,000 - 347 13,641 - 54 Fes - Oujda Motorway* 512/2007 30,000 59 2,302 29,941 871

55 Water Supply for the Provinces of Taounate, Chefchaouen, Sidi Kacem and Tanger Med Port

514/2007 15,000 - 1,005 7,698 -

56 Wadi Martil Dam 517/2007 23,000 - 3,208 15,198 -





(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(11) Kingdom of Morocco

57 Fes - Oujda Motorway (Taza - Oujda Section)* 534/2008 27,000 5,248 3,509 21,752 - 58 Expansion of Casablanca - Rabat Motorway 538/2008 20,000 - 9,221 18,347 - 59 Zerrar Dam 540/2009 15,000 - 5,070 10,300 - 60 Water Supply of Tangier & Tantan Regions 546/2009 20,000 - 2,188 2,188 - 61 Berrechid - Beni Mellal Motorway 549/2010 55,000 - 7,909 15,226 - 62 Dar Khrofa Dam 556/2010 12,000 - 2,755 2,755 - 63 Tangier Med II Port 558/2010 50,000 - 16,038 16,038 - 64 High-Speed Train Tangier - Casablanca 568/2011 30,000 - - - - 65 El Jadida - Safi Motorway 579/2012 30,000 - - - - Subtotal 1,090,900 121,546 53,908 763,338 349,101

(12) Kingdom of Bahrain1 Bahrain Power* 44/77 5,000 - - 5,000 5,000

2 Sixth Pan-Arab Telecommunications, Submarine Gulf Cable (Bahrain-Qatar-UAE)*

113/83 3,000 - - 3,000 3,000

3 Seventh Pan-Arab Telecommunications, Submarine Gulf Cable (Bahrain-Kuwait)**

142/84 3,000 3,000 - - -

4 Roads Development* 201/87 5,500 5,425 - 75 755 Roads Development (Second Loan)* 258/91 11,000 894 - 10,106 8,721

6 Development of Suleimaniyah Medical Center (First Loan)*

259/91 21,000 1,002 - 19,998 17,822

7 Development of Suleimaniyah Medical Center (Second Loan)

308/95 11,000 - - 7,652 7,245

8 The Housing Project (First Loan)* 334/96 15,000 580 - 14,420 9,030

9 Transfer and Distribution of Water from Al-Hidd Desalination and Power Station*

349/97 21,000 1,450 - 19,550 10,814

10 Interconnection of Al-Hidd Production Facility to the Electric Grid*

360/97 10,000 1,112 - 8,888 5,160

11 Production and Utilization of Treated Sewerage Effluent*

367/98 15,000 - - 11,158 6,880

12 Hidd Industrial Area * 370/98 25,000 - - 16,878 7,86513 The Housing Project (Second Loan)* 381/99 20,000 - - 20,000 9,72014 Bahrain Specialized Hospital (P)* 1P/2001 3,000 - - 3,000 -

15 Expansion of the Electric Generation and Transmission Systems*

417/2001 25,000 - - 20,956 6,480

16 Khalifa Bin Salman Port * 465/2004 15,000 - - 9,384 1,62017 Upgrading the Electrical Transmission Network* 478/2005 14,000 7,000 - 7,000 1,39018 Replacement of Sitra Causeway Bridge 504/2006 19,000 - - - -

19 Upgrading 220 kV and 66 kV Electrical Transmission Network

544/2009 30,000 - 3,601 13,054 -

20 Development of Water Supply Network 575/2011 30,000 - - - -

Subtotal 301,500 20,463 3,601 190,120 100,822



(P): Private Sector Project.



(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(13) Somali Democratic Republic1 Inter-riverine Settlements*(1) 23/76 6,400 1,250 - 4,571 2642 Hargeisa-Borama Road* 35/77 2,500 - - 2,098 2353 Goluen-Gelib Road (First Loan)* 36/77 5,500 - - 5,500 3624 Trypanosomiasis and Tsetse Control (Phase I)* 52/79 1,600 - - 1,258 - 5 Third Pan-Arab Telecommunications 66/81 1,700 - - 1,434 - 6 Mogadishu Water Supply II* 73/81 5,000 - - 3,015 - 7 Goluen-Gelib Road (Supplementary Loan)* 77/82 3,500 1 - 3,499 - 8 Mogadishu Electricity 80/82 2,000 - - 1,763 -

9 Fifth Pan-Arab Telecommunications (Earth Stations)

99/82 1,200 - - - -

10 Afgoi-Baidoa Road* 112/83 5,000 - - 682 - 11 Expansion of Gezira Power Station 137/84 4,800 - - - - 12 Fisheries Development in the North** 143/84 1,500 1,500 - - - Subtotal 40,700 2,751 - 23,821 861

(14) Islamic Republic of Mauritania

1 Nouadhibou Power Station* 21/76 5,200 - - 5,200 5,200

2 Nouakchott-Kiffa Motorway (First Loan)* 25/76 7,000 - - 7,000 7,000

3 Guelbs Iron Ore Production* 49/79 10,000 1 - 9,999 9,999

4 Boghi-Kehidi Road Maintenance* 75/81 1,500 - - 1,500 1,500

5 Nouadhibou Power Station (Supplementary Loan)*

81/82 200 - - 200 200

6 Potable Water to the Rural Areas* 86/82 400 12 - 388 388


104/82 1,200 77 - 1,123 1,123

8 Nouakchott Power (First Loan)* 105/82 3,000 - - 3,000 3,000

9 Nouakchott Power (Second Loan)* 106/83 2,300 - - 2,300 2,300

10 Telecommunications in Nouadhibou* 119/83 2,100 - - 2,100 2,100

11 Development Credit (First Loan)* 135/84 2,000 - - 2,000 2,000

12 Educational, Health and Veterinary Services*

139/84 4,500 2 - 4,498 2,820

13 Oases Development (Phase I)* 163/85 3,400 - - 3,400 2,068

14 Artisanal Fisheries Development in Nouadhibou*

178/86 3,200 425 - 2,775 1,265

15 Nouakchott Telephone/Telex Exchanges* 186/86 2,800 - - 2,800 2,800

16 Guelbs Iron Ore Production (Second Loan)* 202/87 1,300 - - 1,300 1,300

17 Development Credit (Second Loan)* 203/87 1,000 723 - 277 277

18 Wilayas Electricity Supply* 216/88 7,500 - - 7,500 1,000

19 Boghi-Kehidi Road (Second Loan)* 219/88 3,100 12 - 3,088 691

20 Domestic Satellite Network* 227/89 5,000 11 - 4,989 817



(1) The amount of the loan was reduced from KD 6.40 million to KD 5.15 million due to the change in the description of the project.



(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(14) Islamic Republic of Mauritania21 Mhaoudat Iron Ore Production* 269/92 6,000 - - 6,000 6,00022 Nouakchott-Akjojot-Atar Road* 289/93 6,500 28 - 6,472 64023 Oases Development (Phase II)* 297/94 2,400 - - 2,400 2,00024 Nouadhibou Water Supply* 313/95 10,000 - 175 9,141 6,656

25 Expansion of the Nouakchott Power Generating Station*

336/96 4,600 63 - 4,537 3,767

26 Potable Water for the Interior Cities 343/97 3,500 - 74 3,305 1,92527 Alag-Maqtaa Lehjar Road * 347/97 3,500 1,460 - 2,040 2,040

28 Transmission of Electrical Energy from Manantali Dam to Mauritania*

352/97 8,000 - - 7,371 3,242

29 Rehabilitation and Construction of 33 Small Dams in the Area Adjacent to Achram*

375/98 3,500 - - 3,327 1,316

30 Connecting Boghe to the Manantali Electrical Grid*

408/2001 4,000 - - 3,863 927

31 Debt Reduction* 414/2001 14,000 - - 14,000 64532 Nouakchott - Nouadhibou Road * 419/2001 16,000 - - 15,565 3,01033 Nouakchott Water Supply from the Senegal River* 454/2003 30,000 - 171 29,865 2,310

34 Expansion of Nouadhibou Power Generation Station

468/2004 7,000 - - 6,885 855

35 Nouadhibou Water Distribution Network 475/2005 4,000 - 462 3,562 29436 Power Generation Stations for Interior Cities 481/2005 2,000 1,911 - 89 8937 Atar - Tidjikja Road 509/2007 11,000 - 1,870 2,722 - 38 Developing Water & Road Services in Rural Areas 510/2007 13,000 - 4,050 11,236 -

39 Nouakchott Water Supply from the Senegal River (Supplementary Loan)*

511/2007 37,000 - 534 33,378 -

40 Lease Financing of Small & Medium-Size Projects and Enterprises (P)*

6P/2007 1,000 - - 1,000 770

41 Drinking Water and Electricity Emergency Program for the City of Nouakchott*

523/2007 15,000 - 349 13,328 -

42 Rehabilitation of Al-Amal Road (Sections II & IV)* 531/2008 19,000 - 1,192 5,970 -

43Drinking Water and Electricity Emergency Program for the City of Nouakchott (Supplementary Loan)*

535/2008 10,000 - 233 8,592 -

44 Electricity Emergency Program for the City of Nouakchott (Supplementary Loan)*

547/2009 10,000 - - 8,792 -

45 Water Distribution Network in Nouakchott 555/2010 10,000 - 2,304 3,063 -

46 Upgrade of the Power Generation and Transmission Systems in Nouakchott

569/2011 30,000 - 2,277 2,277 -

47 Supply of Drinking Water to the Region of Aftout Elcharghi

570/2011 8,000 - 54 54 -

48 Water Supply of Eastern Cities and Villages from Dhar Basin

580/2012 20,000 - - - -

Subtotal 375,700 4,725 13,745 274,272 84,334


* Completed Project. (P): Private Sector Project.



(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(15) Sultanate of Oman1 Gas Utilization* 29/76 6,000 1,517 - 4,483 4,4832 Murayrat-Sohar Gas* 59/80 3,000 - - 3,000 3,0003 Telecommunications* 120/83 3,000 - - 3,000 3,0004 Sohar-Buraimi Power Station* 129/84 3,000 27 - 2,973 2,9735 Fisheries Development* 162/85 3,000 1,706 - 1,294 1,2946 Natural Gas Utilization (Phase IV)* 187/86 3,000 1,231 - 1,769 1,769

7 Water Desalination and Power for the Capital Area*

196/87 6,000 1,377 - 4,623 4,623

8 Natural Gas Utilization (Stage 2 of Phase IV)* 257/91 7,000 203 - 6,797 6,7979 Mina Qaboos Port Development* 266/92 6,000 1,860 - 4,140 4,140

10 Ghubrah Power Generation and Water Desalination Station*

294/94 9,500 1,605 - 7,895 7,895

11 Industrial Estates in Rusayl and Nizwa* 302/94 6,000 1,249 - 4,751 4,751

12Ghubrah Power Generation and Water Desalination Station (Phase V)*

310/95 9,000 821 - 8,179 8,179

13 Salalah Port Development* 354/97 15,000 - - 15,000 15,000

14 Meserrat Water Conveyance System* 388/99 11,000 397 - 10,603 10,603

15 Rimal Ash-Sharqiyah Water Distribution System*

401/2000 9,500 2,479 - 7,021 7,021

16 Khassab Port Development Project* 431/2002 4,500 695 - 3,805 3,805

17 Nizwa-Thamrit Road Rehabilitation (Phase II)*

441/2003 6,000 778 - 5,222 5,222

18 Expansion of Salalah Port (Phase II)* 466/2004 22,000 8,667 - 13,333 13,333

19 Al-Ashkhara - Al-Khuwaymah - Shanna Road* 479/2005 10,000 4,105 - 5,895 5,895

20 Muscat Southern Expressway* 487/2005 40,000 30,921 - 9,079 9,079

21 Dualization of Al-Amerat - Quriyat Road* 489/2006 20,000 17,175 - 2,825 2,825

22 Al Duqm Port** 501/2006 35,000 35,000 - - -

23 Reconstruction of Basic Infrastructure and Facilities Damaged by Cyclone Gonu*

519/2007 60,000 52,700 - 7,300 7,300

24 Dualization of Thumrait - Salalah Road* 507/2007 20,000 - - 20,000 -

Subtotal 317,500 164,516 - 152,984 132,984

(16) Palestine

1 Wadi Far’a Irrigation* 158/85 3,000 2,154 - 846 846

2 Widening and Strengthening of Salah Eldin Road*

340/97 5,000 - - 4,831 896

3 Development of Health Services* 341/97 3,000 1 - 2,999 381

4 Rehabilitation of the Education Services* 342/97 3,000 - - 3,000 457

5 The Rural Development Project* 376/98 3,000 300 - 2,700 -

Subtotal 17,000 2,456 - 14,375 2,579





(KD 000)


Amountof Loan Ca

ncell

ed

Loan

s and

Ba

lance

s

Disbu

rse-

ments

Du

ring 2

012

Disbu

rse-

ments

as at

31

/12/20

12

Repay

ments

as

at 31/

12/201

2

(17) Republic of Djibouti

1 Third Pan-Arab Telecommunications* 67/81 1,000 - - 1,000 1,0002 Djibouti Port Development* 89/82 1,500 - - 1,500 1,500


98/82 1,100 251 - 849 849

4 Expansion of Boulaos Power Station - Phase I*

116/83 3,000 491 - 2,509 2,509

5 Animal Wealth Development* 130/84 1,900 10 - 1,890 1,890

6Southwest Asia-Middle East-Western Europe (SEA-ME-WE) Submarine Cable (First Loan)*

159/85 1,900 2 - 1,898 1,898

7 Development Credit** 171/86 700 700 - - - 8 Telecommunications Development* 197/87 400 113 - 287 2879 SEA-ME-WE II Submarine Cable* 262/91 1,500 - - 1,500 1,026

10 Modernization of Boulaos Power Station - Phase II*

373/98 3,000 1 - 2,999 1,183

11 Modernization of the Port of Djibouti (Phase IV)**

390/99 3,000 3,000 - - -

12 Social Housing* 395/2000 5,000 - - 4,842 1,70813 Development of the Education Sector 412/2001 4,000 - 14 3,693 721

14 Modernization of Boulaos Power Station - Phase III*

436/2002 3,000 83 - 2,917 645

15 Social Housing (Phase II) 456/2003 6,000 - - 5,360 435

16 Boulaos Power Generation Station Project - (Fourth Phase)*

471/2004 4,000 - - 3,979 294

17 Construction of Djibouti University 497/2006 5,000 - 35 885 -

18 Rehabilitation of Drinking Water Facilities in Djibouti City

532/2008 7,000 - 824 1,452 -

19Upgrade of the Power Generation and Transmission Systems in the City of Djibouti

551/2010 9,000 - - - -

20 Port of Tadjourah 577/2012 10,000 - - - - Subtotal 72,000 4,652 873 37,559 15,944 Grand Total 7,598,053 759,876 235,026 5,105,083 2,539,893




Loans Extended to Finance Inter-Arab Projects,1974 - 2012

(KD 000)


Amountof Loan

Cancelled Loans and Balances

Disbursements During 2012

Disbursements as at

31/12/2012

Repayments as at 31/12/2012

1 First Pan-ArabTelecommunications:

Algeria* 10A /75 300 52 - 248 248

Morocco* 10B/75 3,000 802 - 2,198 2,1982 Aden-Taiz Road:

Yemen* 22A /76 3,800 - - 3,800 3,800

Yemen* 22B/76 6,500 - - 6,500 6,5003 Navigation Inspection Unit:

Algeria* 55/80 2,000 70 - 1,930 1,9304 Second Pan-Arab Telecommunications:

Jordan* 58/80 5,000 4,433 - 567 567

Syria* 60/80 2,700 918 - 1,782 1,7825 Third Pan-Arab Telecommunications:

Somalia* 66/81 1,700 - - 1,434 -

Djibouti* 67/81 1,000 - - 1,000 1,000

Yemen* 68/81 1,400 - - 1,400 1,400

Yemen* 69/81 1,300 - - 1,300 1,300

6 Fourth Pan-Arab Telecommunications:

Algeria* 71/81 4,500 153 - 4,347 4,347

Tunisia* 72/81 3,700 - - 3,700 3,700

7 Inter-Arab White Cement Industry (Jordan-Syria):

Jordan* 78/82 5,000 - - 5,000 5,000

8 Potable Water to Rural Areas:

Jordan* 82/82 700 - - 700 700

Tunisia* 83/82 600 88 - 512 512

Sudan* 84/82 1,800 73 - 1,727 1,727

Morocco* 85/82 1,300 1,135 - 165 165

Mauritania** 86/82 400 12 - 388 388

Yemen* 87/82 1,500 - - 1,500 1,500

Yemen* 88/82 700 80 - 620 620

9 Tartous-Latakia Motorway:

Syria* 93/82 6,000 - - 6,000 6,000

10 Fifth Pan-Arab Telecommunications Earth Stations:

Syria* 95/82 1,000 - - 1,000 1,000

Jordan* 96/82 1,000 - - 1,000 1,000

Yemen* 97/82 1,200 - - 1,200 1,200

Djibouti* 98/82 1,100 251 - 849 849

ANNEx 6PAGE 1 OF 3



Loans Extended to Finance Inter-Arab Projects 1974 - 2012

(KD 000)


Amountof Loan



Disbursements as at

31/12/2012


Somalia 99/82 1,200 - - - -

Sudan* 100/82 1,300 223 - 1,077 1,077

Tunisia* 101/82 1,000 3 - 997 997

Algeria* 102/82 1,000 - - 1,000 1,000

Morocco* 103/82 1,000 - - 1,000 1,000

Mauritania* 104/82 1,200 77 - 1,123 1,123

Syria* 172/86 1,000 - - 1,000 1,000

11 Sixth Pan-Arab Telecommunications, Submarine Gulf Cable (Bahrain-Qatar-UAE):

Bahrain* 113/83 3,000 - - 3,000 3,000

12 Zarqa-Almafraq - Syrian Border Road:

Jordan* 118/83 4,000 - - 4,000 4,000

13 Damascus-Sanamein-Jordan Border Road:

Syria* 128/83 9,000 - - 9,000 9,000

14 Geological and Water Mapping of Yemen:

Yemen* 132/84 1,200 151 - 1,049 1,049

Yemen* 133/84 1,200 211 - 989 989

15 Fifth Pan-Arab Telecommunications Arabsat Earth Station:

Iraq 141/84 5,000 - - 4,373 -

16 Seventh Pan-Arab Telecommunications Submarine Gulf Cable (Bahrain-Kuwait):

Bahrain** 142/84 3,000 3,000 - - -

17 Mitigation of Earthquake Risks:

Algeria* 117/83 4,700 3,704 - 996 996

Jordan* 148/84 450 182 - 268 268

Tunisia* 149/84 575 48 - 527 527

Iraq* 150/84 525 - - 503 63

Syria* 151/84 575 11 - 564 564

Yemen* 152/84 600 1 - 599 599

Morocco* 153/84 600 6 - 594 594

Algeria (Second Loan) 332/96 3,500 1,887 - 1,613 1,613

18 Pesticides Arab Joint Venture (Syria-Jordan):

Syria** 154/84 1,900 1,900 - - -

ANNEx 6PAGE 2 OF 3



Loans Extended to Finance Inter-Arab Projects 1974 - 2012

(KD 000)


Amountof Loan



Disbursements as at

31/12/2012


19 Ruwaishid Pilot Scheme in Hammad Basin (Inter-Arab):

Jordan* 184/86 1,500 4 - 1,496 1,496

20 Tenf Pilot Scheme in Hammad Basin (Inter-Arab):

Syria* 185/86 1,700 - - 1,700 1,700

21 Hama-Saraqeb Road and Ain Eissa-Qintari Road:

Syria* 214/88 8,000 31 - 7,969 7,741

22 Yemen Power Link:

Yemen* 217/88 8,600 24 - 8,576 6,035

Yemen* 218/88 10,000 62 - 9,938 7,810

23 Jordan-Egypt Power Link:

Jordan* 233/89 10,500 - - 10,500 10,240

Egypt* 234/89 34,100 3,339 - 30,761 26,525

24 Tunisia-Libya Power Link:

Tunisia* 243/90 17,800 - - 17,800 8,640

Libya* 244/90 2,200 784 - 1,416 750

25 Strengthening Local Transmission Network within Morocco-Spain Electric Power Link:

Morocco* 299/94 18,500 4,628 - 13,872 10,722

Morocco (Supplementary Loan)* 337/96 7,000 3,428 - 3,572 2,326

26 Interconnection of Jordan-Syria Electric Power Grids:

Jordan* 311/95 19,500 - - 19,500 12,495

Syria 312/95 30,000 - - 28,223 17,290

27 Interconnection of Syria and Turkey Electric Power Grids:

Syria* 314/95 26,000 2,936 - 23,064 10,714

28 Interconnection of the Libyan and Egyptian Power Grids:

Libya* 326/96 12,000 2,590 - 9,410 6,420

29 Interconnection of the Lebanese and Syrian Electric Grids at 400 kV:

Lebanon 400/2000 8,000 - - 4,072 2,450

30 Natural Gas Pipeline (Al-Arish-Aqaba):

Egypt* 427/2002 17,000 4,224 - 12,776 12,776

31 Arab Gas Pipeline Project - Third stage (Alppo - Kalas Section)

Syria 529/2008 10,000 - - 1,881 -

Total 349,125 41,520 - 291,666 225,023

ANNEx 6PAGE 3 OF 3



Grants Committed and Disbursed1974 - 2012

(KD 000)

Beneficiary No. of

Grants

Amount Approved

Canc

elle

d G

rant

s an

d Ba

lanc

es Net Amount

Approved

Percent of Total

(%)

Total Disbursements Balance of

GrantsDuring 2012

Until 31/12/2012

A: National Grants

1 Hashemite Kingdom of Jordan 41 7,394 64 7,330 4.3 38 6,067 1,263

2 Republic of Tunisia 11 4,420 133 4,287 2.5 1,390 2,581 1,706


9 1,635 550 1,085 0.6 52 1,077 8

4 Republic of Sudan 23 13,152 690 12,463 7.3 374 8,087 4,376

5 Republic of Iraq 5 820 163 657 0.4 - 657 -

6 Kingdom of Saudi Arabia 9 1,520 58 1,462 0.9 - 852 610

7 Syrian Arab Republic 16 3,820 907 2,913 1.7 81 2,068 845

8 Libya 3 625 300 325 0.2 - 45 280

9 Arab Republic of Egypt 44 15,635 426 15,209 8.9 830 8,800 6,409

10 Republic of Yemen 45 11,206 537 10,669 6.3 141 5,710 4,959

11 State of Kuwait 21 3,201 - 3,201 1.9 398 2,789 412

12 Republic of Lebanon 32 15,356 1,165 14,191 8.3 1,003 8,767 5,424

13 Kingdom of Morocco 25 5,510 254 5,256 3.1 235 4,212 1,044

14 United Arab Emirates 7 194 9 185 0.1 - 185 -

15 Kingdom of Bahrain 11 1,710 115 1,595 0.9 50 1,295 300

16 State of Qatar 1 50 14 36 0.02 - 36 -

17 Somali Democratic Republic 3 320 86 234 0.1 - 234 -

18 Islamic Republic of Mauritania 29 6,235 770 5,465 3.2 462 4,930 535

19 Sultanate of Oman 14 4,725 19 4,706 2.8 - 4,470 236

20 Palestine 172 28,515 1,068 27,447 16.1 683 27,326 121

21 Republic of Djibouti 7 1,150 30 1,120 0.7 44 1,108 12

Subtotal 528 127,193 7,357 119,836 70.3 5,783 91,299 28,537

B: Inter-Arab Grants 481 56,220 5,518 50,702 29.7 2,572 45,695 5,007

Grand Total 1009 183,413 12,875 170,538 100 8,354 136,994 33,544

C: Urgent Program to Support Palestine* 113,565 _ 113,565 11,412 79,318 34,247

ANNEx 7

* Support decided by the Arab Fund’s Board of Governors to the Palestinan people, over the period 2001 - 2012.


Co-financing Activities of the Fund1974 - 2012

Contributors Total Amount(KD Million)

Percentage(%)

1 - (A) National and Regional Development Institutions

Arab Fund for Economic and Social Development 3,572.0 32.0

Kuwait Fund for Arab Economic Development 1,146.4 10.3

Abu Dhabi Fund for Development 295.5 2.6

Saudi Fund for Development 491.9 4.4

Islamic Development Bank 850.8 7.6

OPEC Fund for International Development 100.1 0.9

Iraqi Fund for External Development 5.0 *

Libyan Foreign Bank 3.0 *

Subtotal 6,464.7 57.8

(B) Other Arab Sources 525.5 4.7

2 - International Financial Institutions

World Bank 725.3 6.5

International Fund for Agricultural Development (IFAD) 54.3 0.5

African Development Bank 652.1 5.8

Subtotal 1,431.7 12.8

3 - Foreign Governments and their Development Institutions 2,754.4 24.7

Grand Total 11,176.3 100.0

ANNEx 8

* Less than 0.1%.


Contents

Page No.

Member States, Governors and Alternate Governors 3

Board of Directors 5

Basic Financial Data on the Arab Fund as at 31/12/2010 7

Overview of Arab Fund Activities 9

l First: The Lending Program 13

l Second: Grants 22

l Third: Other Activities 30

l Fourth:Financial Statements for the Financial Year Ended 31 December 2012 33

ANNExES 43

l Annex 1

Project Sheets for Loans Extended During the Year 2012 45

l Annex 2

Capital, Resources and Status of Loans and Grants, 1972 - 2012 70

l Annex 3

Summary of Loans Extended to Member States, 1974 - 2012 74

l Annex 4

SectoralDistributionofLoansAmongBeneficiaryMemberStates,1974-2012 75

l Annex 5

LoansExtendedtoBeneficiaryMemberStates,1974-2012 77

l Annex 6

Loans Extended to Finance Inter-Arab Projects, 1974 - 2012 97

l Annex 7

Grants Committed and Disbursed, 1974 - 2012 100

l Annex 8

Co-financingActivitiesoftheArabFund,1974-2012 101

Annual Report 2012 - Arab Fund for Economic and Social ...arabfund.org/Data/site1/pdf/Annual_Report_2012_E.pdf · Annual Report 2012 3 Arab Fund For Economic & Social Development

Documents