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Arab Fund for Economic and Social Development
ANNUAL REPORT 2008
Arab Fund for Economic and Social Development
Post Office Box 21923 Safat 13080, Kuwait, State of Kuwait
Telephone
(965) 24 95 90 00
Facsimile Transmission
(965) 24 81 57 50 / 24 81 57 60 / 24 81 57 70
Telex
22153 KT, 22143 KT
Cable Address
INMARABI KUWAIT
Electronic Mail
Internet Web Site
www.arabfund.org
Address
Arab Organizations Headquarters Building
Airport Road, Shuwaikh
Kuwait - State of Kuwait1
Basic Information
Basic Financial Data as at 31/12/2008
Member States, Governors and Alternate Governors
Board of Directors
Transmittal Letter to the Board of Governors
Overview
First : Loans
Second: Grants and Other Activities
Third: Financial Statements for the Financial Year Ended 31 December 2008
Annexes
Annex 1: Project Sheets for Loans Extended in the Year 2008
Annex 2: Capital, Resources and Status of Loans and Grants, 1972 - 2008
Annex 3: Summary of Loans Extended to Member States, 1974 - 2008
Annex 4: Sectoral Distribution of Loans Among Beneficiary
Member States, 1974 - 2008
Annex 5: Loans Extended to Beneficiary Member States, 1974 - 2008
Annex 6: Loans Extended to Finance Inter-Arab Projects, 1974 - 2008
Annex 7: Grants Committed and Disbursed, 1974 - 2008
Annex 8: Co-financing Activities of the Fund, 1974 - 2008
ContentsPage No.
3
5679
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13152030
3941646869
71889192
Basic Information
IntroductionThe Arab Fund for Economic and Social Development (“the Fund”) is an autonomous regional Pan-Arab development financing organization. Its membership consists of all countries that are members of the League of Arab States, except the Union of Comoros.
Establishment of the Fund and Commencement of OperationsThe Economic and Social Council of the League of Arab States adopted the Agreement establishing the Fund («the Agreement»), and the General Secretariat of the League of Arab States declared the Agreement effective as of 18 December 1971. The first meeting of the Board of Governors was convened on 6 February 1972, and the Fund commenced operations from its headquarters in the State of Kuwait in early 1974 after completing its organizational structure.
Purpose of the FundIn accordance with the Agreement, the purpose of the Fund is to support the economic and social development of Arab countries, and implementation of projects aimed at realizing integration between Arab countries, through:
1. Financing economic and social projects by providing loans on concessionary terms to governments and public enterprises and corporations, giving preference to projects deemed vital to the Arab world and to inter-Arab projects.
2. Financing private sector projects in member countries by providing all forms of loans and guarantees to corporations and enterprises possessing juridical personality, and participating in their equity capital; as well as providing other forms of financing, and the necessary financial, technical and consultancy services.
3. Forming, or participating in the equity capital of, corporations possessing juridical personality and whose objects concern the implementation and financing of private sector projects in member countries, including the provision of financial, technical and consultancy services.
4. Establishing and administering special funds whose purposes are compatible with that of the Fund, and whose resources are provided by the Fund or other sources. The constituent instruments of such special funds shall define their purposes and functions, and set out the regulations governing their operations and administration.
5. Encouraging the investment, directly or indirectly, of public and private capital in a manner conducive to the development of the Arab economy.
6. Providing technical assistance and grants in the various fields of economic and social development.
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6
Basic Financial Data as at 31/12/2008 (KD Million)
Capital* 2,000.0
Resources 2,513.4
Loans
- Cumulative Loan Commitments 6,184.5
- Cumulative Disbursements on Effective Loans 4,096.0
- Cumulative Loan Repayments 1,863.2
- Net Disbursements 2,232.8
Grants
- Cumulative Grant Commitments 145.4
- Cumulative Grant Disbursements 107.2
* The capital of the Fund was increased by transferring part of the additional reserve to paid-up capital, in accordance with the Board of Governors’ Resolution No. 7 dated 02/04/2008.
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ARAB FUND FOR ECONOMIC AND SOCIAL DEVELOPMENTMember States Governors and Alternate Governors
Member States (1) Governors (2) Alternate Governors (2)
The Hashemite Kingdom of Jordan H.E. Ms. Suhair Al-Ali H.E. Mr. Nasser Shraideh
The Republic of Tunisia H.E. Dr. Mohamed Nouri Jouini H.E. Mr. Omar Jilani
The Algerian Democratic and People’s Republic
H.E. Mr. Karim Djoudi -
The Republic of Sudan H.E. Dr. Awad Ahmed Al-Jaz -
The Republic of Iraq - -
The Kingdom of Saudi ArabiaH.E. Dr. Ibrahim Bin Abd-El-Aziz Al- Assaf
-
The Syrian Arab Republic H.E. Dr. Mohamed Al-Hussein -
Socialist People’sLibyan Arab Jamahiriya
H.E. Mr. Mohamed Al-Huwaij -
The Arab Republic of Egypt H.E. Dr. Othman Mohamed OthmanH.E. Ms. Fayza Aboul Naga
The Republic of Yemen H.E. Mr. Abdulkarim Al-ArhabiH.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. Dr. Salaheddine Mezouar H.E. Mr. Abderrazak Lazrak
United Arab Emirates H.E. Mr. Obaid Humaid Al-Tayer -
The Kingdom of BahrainH.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 MauritaniaH.E. Dr. Sidi Ould Bebbaha Ould Tah
H.E. Mr. Sidi Mohamed Ould Bakha
Sultanate of OmanH.E. Mr. Ahmed Bin Abdulnabi Macki
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. Ali Farah Assoweh -
(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 31/12/2008. * 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 2008.
Board of Directors Director General/Chairman of the Board of
Directors
Mr. Abdlatif Y. Al-Hamad
Members of the Board
Mr. Ibrahim Fayez
Mr. Ali Bin Mohammad Redha Bin Jaffar Dr. Ahmed Mahrous El-Darsh
Mr. Benaouda Merad
Mr. Abdellatif Bennani Mr. Abdulwahab Al-Bader
Mr. Ayad Amer Aboufayed
Mr. Abdul-Rahman Bin Mohammed Al-Suhaibani
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ARAB FUND FOR ECONOMIC AND SOCIAL DEVELOPMENT
TRANSMITTAL LETTER TO THE BOARD OF GOVERNORS
Dear Mr. Chairman,
Pursuant to Article (24) of the Agreement establishing the Arab Fund for Economic and Social Development, I am pleased to submit herewith to the esteemed Board of Governors, on behalf of the Board of Directors, the 37th Annual Report, which presents the Arab Fund’s lending operations, grants and other activities during the year 2008, and its financial statements for the financial year 2008.
Please accept, Mr. Chairman, the assurances of my highest consideration and esteem.
Abdlatif Y. Al-Hamad
Director General/Chairmanof the Board of Directors
April 2009
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Overview
During 2008, the Arab Fund continued its support to Arab countries’ development efforts by providing financing for the implementation of high-priority economic and social projects. The lending program for the year focused on supporting infrastructure projects, particularly in deprived areas, aimed at improving the investment environment and strengthening economic integration between Arab countries. The program included projects in the sectors of energy, transport, water, agriculture and industry, that will help raise the level of performance of these sectors and enhance the quality of the products and services they provide, as well as increase employment opportunities. Furthermore, the Arab Fund continued to allocate inter-Arab and national grants aimed at providing institutional support to member countries’ organizations and entities, conducting studies and research, organizing seminars and conferences, undertaking training programs, in addition to implementing emergency programs in some countries.
The Arab Fund extended 16 loans in 2008 for a total amount of about KD 366.8 million. These loans were used to implement 9 new projects, including 2 private sector projects, and to provide additional funding for 7 previously financed projects in 6 Arab countries. The total cost of these projects was estimated at about KD 1.4 billion, with the loans provided by the Arab Fund covering about 25.5% of that total.
Since the commencement of its operations in 1974 and until the end of 2008, the Arab Fund extended 536 loans for a total amount of about KD 6.2 billion. These loans contributed to the financing of 459 projects in 17 Arab countries, and covered about 27.0% of the total cost of these projects. The infrastructure sector received the majority of loans extended during that period, with a share of about 66.8%, followed by the productive sectors with about 22.5%, then the social services sectors with about 8.2%, and finally the other sectors with about 2.5% of the total. Cumulative disbursements over that period amounted to about KD 4.1 billion, representing about 74.5% of the net amount of effective loans.
The cumulative financing activity of the Arab Fund included 9 loans extended to implement 7 private sector projects in Arab countries, for a total amount of about KD 30.8 million, in addition to equity participation in 4 private companies for a total amount of about KD 18.9 million. The private sector operations financed by the Arab Fund covered tourism, health services, grain silos and mills, iron and steel, cement, glass and financial services.
The Arab Fund also provided 35 inter-Arab and national grants during 2008, for a total amount of about KD 10.5 million. These grants included 14 inter-Arab grants for a total amount of about KD 2.7 million, allocated to support activities of common interest to Arab countries, and 21 national grants for a total amount of about KD 7.8 million, allocated to 13 Arab countries. The national grants aimed at improving the performance of specialized institutions, enhancing the quality of services they provide, training their employees and managers, and developing their information and data systems, as well as supporting the activities of several research and training centers, and implementing emergency programs.
The cumulative number of grants extended by the Arab Fund, since the commencement of its operations and until the end of 2008, reached 890 for a total amount of about KD 145.4 million, including 425 inter-Arab grants amounting to about KD 45.9 million and 465 national grants amounting to about KD 99.5 million. About 77.7% of the net amount of these grants was disbursed.
During 2008, the Arab Fund continued to cooperate and coordinate with other Arab and international institutions in areas of common interest and that contribute to the economic and social development of Arab countries. It pursued its duties within the Coordination Group that includes Arab national and regional development institutions. The 13
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Arab Fund also maintained its cooperation and coordination activities with the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development and the Islamic Development Bank, in relation to their joint financing and monitoring of a number of projects being implemented in several Arab countries, particularly those that aim at providing aid to the Palestinian people. Furthermore, the Arab Fund continued its contribution to the publication of the Joint Arab Economic Report, its cooperation with the United Nations Development Program in the publication of the Arab Human Development Report, and its support and monitoring of the Arab Trade Financing Program in cooperation with the Arab Monetary Fund. In 2008, the Arab Fund also launched, in partnership with the World Bank, the “Research Initiative for Arab Development” expected to be implemented over a renewable three-year period.
The Arab Fund activities during the year also included cooperation with the General Secretariat of the League of Arab States, the State of Kuwait and several Arab and regional institutions, in preparing the Arab Economic, Social and Development Summit that was to take place in Kuwait in January 2009. The Arab Fund also contributed to the preparation of a brief on the Arab Railway Network Scheme to be presented at the Summit. As shown in the Arab Fund’s financial statements for the year ending 31/12/2008, total income was about KD 6.03 million, while total administrative expenses were about KD 6.71 million and the provision for loans was about KD 0.22 million. Thus, the Arab Fund’s net loss for the year 2008 was approximately KD 0.91 million, compared to a profit of about KD 111.15 million for the year 2007. Furthermore, in accordance with the Board of Governors’ Resolution No. 7 of 2008, capital was increased from KD 663.04 million to KD 2.00 billion by transferring an amount of KD 1336.96 million from the additional reserve to paid-up capital. Thus, member countries’ equity was about KD 2513.38 million as at 31/12/2008, compared to about KD 2535.04 million at the end of 2007.
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First: Loans
Priorities of the Lending Program for 2008During 2008, the Arab Fund continued its support to projects aimed at improving infrastructure sectors and services in Arab countries, and strengthening their economic and social development efforts. The lending program for the year focused on projects that aimed at developing and improving the sectors of energy, transport, water, agriculture and industry, in light of the objectives of member countries to enhance the efficiency and alleviate the existing deficiencies of these sectors.
Lending Activities During 2008A total of 16 loans were extended during the year to 6 Arab countries, for a total amount of KD 366.8 million. These loans contributed to the financing of 9 new projects, including 2 private sector projects, and 7 previously financed projects. The total cost of these projects was estimated at about KD 1.4 billion, with the loans provided by the Arab Fund covering about 25.5% of that amount.
Public sector projects:The Arab Fund extended 14 loans during 2008 for a total amount of KD 361.0 million, which contributed to the implementation of 7 new and 7 previously financed public sector projects. Table 1 shows the loans approved by the Arab Fund during 2008, and Annex 1 provides the project sheets for these loans.
The share of loans provided by the Arab Fund during 2008 to projects in the infrastructure sectors was about 81.0% of the total amount of loans, in light of member countries’ increased interest in improving efficiency of these sectors and providing an environment conducive to investment. Six loans, amounting to KD 173.0 million or about 47.2% of the total, were extended to finance energy projects in Egypt, Jordan, Sudan and Mauritania. These projects aim at satisfying the increasing demand for electricity in these countries through expansion of the capacity of existing power generating stations in Egypt, Jordan and Mauritania, and completing the construction of a dam with a hydropower station in Sudan.
Three loans, amounting to KD 76.0 million or about 20.7% of the total, were allocated for transport projects. These projects aim at improving transport services and alleviating traffic congestions through development of Sana’a international airport (phase II) and development of the coastal road in Aden Governorate in Yemen, as well as
Nubaria Power Station - Egypt
Merowe Dam - Sudan
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rehabilitation of Al-Amal road in Mauritania. The Arab Fund contribution to the infrastructure sectors also included 3 loans for the implementation of projects aimed at improving water and wastewater services in order to meet the increasing demand for these services, protect the environment, and improve the living and health conditions of the population. These loans, extended to Morocco and Yemen, amounted to KD 48.0 million and accounted for about 13.1% of the total amount of loans provided during 2008.
The Arab Fund lending activity for the year also included two loans, amounting to KD 64.0 million and representing about 17.4% of the total amount of loans, extended to the agriculture and rural development sector. The first loan, amounting to KD 58.0 million, was provided for the project of heightening Roseires dam (phase II) in Sudan. This project aims at improving the regulation of the Blue Nile river waters, and using the additional water flow in intensifying agriculture in about 4 million acres (about 1.7 million hectars) and to increase hydropower generation by about 565 GWH. The second loan, amounting to KD 6.0 million, was provided for the project of a comprehensive development of Wadi Araba region (phase I) in Jordan. This project aims at reducing poverty and unemployment, and providing permanent residence for the population in Wadi Araba region by creating small irrigation projects, developing agricultural and animal resources, and supporting related activities.
The Arab Fund continued to monitor the progress of ongoing projects, follow-up the fulfillment of the conditions set forth in their loan agreements, and take the necessary steps to ensure their proper implementation. During 2008, 22 projects were completed; their total cost amounted to about KD 985.1 million, with the Arab Fund covering about 35.8% of that cost.
Private sector projects:The Arab Fund continued to contribute to the financing of private sector projects and to promote the role of this sector in the development of Arab countries. During 2008, two private sector loans were extended for a total of KD 5.8 million, representing about 1.6% of the total amount of loans provided during the year. The first loan, in the amount of KD 2.8 million, was extended for the project launched by Al Salam Cement Company in Sudan which has a total cost of about KD 143.6 million. In addition to this loan, the Arab Fund participated in the equity of the company with an amount of about KD 7.2 million. The second loan, in the amount of KD 3.0 million, was extended for the construction of a glass factory in Sana’a Governorate in Yemen which has a total cost of about KD 9.1 million. The Arab Fund also agreed during the year to provide additional funding to Al Mukkala Iron and Steel Limited Company not exceeding KD 5.0 million to cover part of the project financing gap, following an initial contribution to the company’s capital of KD 9.0 million in 2007. Furthermore, seven new projects are currently under evaluation by the Arab Fund; they are located in Yemen, Kuwait, Saudi Arabia, United Arab Emirates and Morocco, and include a cement factory, a higher institute of science and technology, an insulin factory, a vaccine and veterinary serums factory, a hotel and housing units, a sugar factory and a power generating station. In addition, several applications for financing private sector projects in various areas are currently under study. Cumulative Lending ActivitiesSince the commencement of its operations in 1974 and until the end of 2008, the Arab Fund has extended 536 loans, for a total amount of about KD 6184.5 million. These loans contributed to the financing of 459 projects in 17 Arab countries, and covered about 27.0% of the total cost of these projects. Annex 3 presents a summary of the loans extended to member countries over the period1974-2008, and Annex 5 provides details on these loans.
The sectoral distribution of loans extended by the Arab Fund, over the period 1974-2008, was as follows: loans for infrastructure projects amounted to about KD 4132.9 million, or about 66.8% of the total amount of loans, of which about KD 1934.8 million for energy and electric power projects, about KD 1522.9 million for transport and telecommunications projects and about KD 675.2 million for water and sewerage projects. Loans for productive sector projects amounted to about KD 1390.3 million, or about 22.5% of the total, of which about KD 997.8 million
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for projects in agriculture and rural development and about KD 392.5 million for projects in industry and mining. Loans for projects in social services amounted to about KD 506.5 million, or about 8.2% of the total, and were allocated to finance projects in education, healthcare, housing and social development. The remaining 2.5% of the total amount of loans was provided to finance emergency projects.
In addition to financing the main components of projects, the loans also contributed to institutional support of the beneficiary entities and the 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 2008 and over the period 1974-2008, while Annex 4 provides a summary of that distribution among beneficiary member countries over the same period.
By the end of 2008, the Arab Fund had extended 9 loans for private sector projects for a total amount of KD 30.8 million, which contributed to seven projects in Yemen, Bahrain, Mauritania and Sudan in the areas of health services, tourism, iron and steel, glass, cement, grain silos and flour mills, and lease financing. In addition to the loans extended to the private sector, the Arab Fund had also contributed to the capital of four private companies; namely, Middle East Healthcare Company in Saudi Arabia, Glass Container Company in Egypt, Al Mukkala Iron and Steel Limited Company in Yemen and Al Salam Cement Company in Sudan.
Inter-Arab ProjectsThe Arab Fund continued its support to joint Arab efforts to build a basic framework and strengthen means of communication and inter-connections between member countries. Since the start of its operations in 1974 and until the end of 2008, the Arab Fund extended 65 loans for a total amount of about KD 322.1 million, which contributed to the implementation of 29 inter-Arab projects in the areas of telecommunications, electric power, natural gas and international roads. Total disbursements from these loans reached about KD 273.7 million at the end of 2008, or about 95.1% of their net amount. Annex 6 provides details on the loans extended by the Arab Fund to finance inter-Arab projects over the period 1974-2008.
Co-Financing ActivitiesThe Arab Fund also maintained its co-financing of projects in Arab countries with Arab national, regional and international development institutions. During 2008, four projects were co-financed with several institutions. These projects included heightening of Roseires dam (phase II) in Sudan co-financed with the Islamic Development Bank, the OPEC Fund for International Development, the Abu Dhabi Fund for Development, the Kuwait Fund for Arab Economic Development and the Saudi Fund for Development; expansion of Abu Qir power generating station in Egypt co-financed with the Kuwait Fund, the African Development Bank and the Islamic Development Bank; Merowe dam in Sudan co-financed with the Saudi Fund, the Abu Dhabi Fund and the Kuwait Fund; and rehabilitation of Al-Amal road in Mauritania co-financed with the Abu Dhabi Fund.
During the period 1974-2008, the total contribution of the Arab Fund in projects co-financed with Arab national, regional and international development institutions reached about KD 3.0 billion, representing about 35.4% of the total amount of co-financing of about KD 8.5 billion. Annex 8 provides details on co-financing activities in which the Arab Fund contributed during the period 1974-2008.
Disbursements and Repayments Total disbursements during 2008 amounted to about KD 284.7 million, of which KD 5.8 million were disbursed for private sector projects. Cumulative disbursements on all loans over the period 1974-2008 amounted to about KD 4096.0 million, including KD 27.8 million for private sector projects. Repayments of loans in 2008 amounted to about KD 129.5 million, of which about KD 1.8 million were for private sector loans. Cumulative repayments over the period 1974-2008 amounted to about KD 1863.2 million, which represented about 33.9% of the net amount of all effective loans and about 45.5% of cumulative disbursements.
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No. Country Project
Amount of Loan
(KD Million)
Date of Signature of Loan
Agreement
A: Public Sector Projects
1 Republic of Sudan Heightening of Roseires Dam (Phase II) 58.0 06/01/2008
2 Arab Republic of EgyptExpansion of Abu Qir Power Generating Station 1300 MW
30.0 14/01/2008
3 Arab Republic of EgyptExpansion of Abu Qir Power Generating Station 1300 MW (Second Loan)
30.0 14/01/2008
4Islamic Republic of Mauritania
Drinking Water and Electricity Emergency Program for the City of Nouakchott
15.0 16/01/2008
5Islamic Republic of Mauritania
Drinking Water and Electricity Emergency Program for the City of Nouakchott (Supplementary Loan)
10.0 02/07/2008
6 Kingdom of MoroccoWater Supply for the Provinces of Taounate, Chefchaouen, Sidi Kacem and Tanger Med Port
15.0 17/01/2008
7 Kingdom of Morocco Wadi Martil Dam 23.0 17/01/2008
8 Republic of Sudan Merowe Dam (Supplementary Loan) 58.0 05/03/2008
9Hashemite Kingdom of Jordan
Comprehensive Development of Wadi Araba Region (Phase l)
6.0 10/03/2008
10Hashemite Kingdom of Jordan
Al-Samra Electric Power Generating Station (Phase lII)
30.0 10/03/2008
11 Republic of YemenSana’a International Airport Development (Phase II)
47.0 30/03/2008
12 Republic of YemenDevelopment of the Coastal Road in Aden Governorate
10.0 30/03/2008
13 Republic of YemenDevelopment of Water and Wastewater Facilities in Aden Governorate
10.0 30/03/2008
14Islamic Republic of Mauritania
Rehabilitation of Al-Amal Road (Sections II and IV)
19.0 02/07/2008
Subtotal 361.0
B: Private Sector Projects
15 Republic of Sudan Al Salam Cement Factory 2.8 27/01/2008
16 Republic of Yemen Glass Factory in Sana’a Governorate 3.0 16/07/2008
Subtotal 5.8
Total 366.8
Loan Commitments during 2008 Table 1
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Sector
2008 1974 - 2008
Amount (%) Amount (%)
1. Infrastructure Sectors
Transport and Telecommunications 76.00 20.7 1,522.90 24.6
Energy and Electric Power 173.00 47.2 1,934.75 31.3
Water and Sewerage 48.00 13.1 675.25 10.9
Subtotal 297.00 81.0 4,132.90 66.8
2. Productive Sectors
Industry and Mining 5.80 1.6 392.50 6.4
Agriculture and Rural Development 64.00 17.4 997.80 16.1
Subtotal 69.80 19.0 1,390.30 22.5
3. Social Services Sectors* 0.00 0.0 506.50 8.2
4. Other Sectors** 0.00 0.0 154.83 2.5
Grand Total 366.80 100.0 6,184.53 100.0
Loan Commitments by Sector (KD Million)
Sectoral Distribution of Loan Commitments(Percentage)
* Include Education, Health, Housing and Social Development.** Include Loan Commitments for Emergency Projects.
Transport & Telecom.20.7%
Industry & Mining1.6%
Water & Sewerage13.1%
Energy & Electric Power47.2%
Agriculture & Rural Dev.
17.4%
Transport & Telecom.24.6%
Energy & Electric Power31.3%
Social Services8.2%
Other Sectors2.5%
Agriculture & Rural Dev.16.1%
Industry & Mining6.4%
Water & Sewerage10.9%
During 2008 During the Period 1974 - 2008
Table 2
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Second: Grants and Other Activities
Grants During 2008The Arab Fund extended 35 grants in 2008, for a total amount of about KD 10.5 million. These grants aimed at reinforcing economic and social development efforts in the Arab countries, as well as enhancing the efficiency of their institutions and improving their performance. The grants included 14 inter-Arab grants that amounted to about KD 2.7 million, and were allocated to support activities of common interest to most Arab countries. The grants also included 21 national grants that amounted to about KD 7.8 million, and were provided to 13 Arab countries. Table 3 shows the inter-Arab and national grants approved during 2008.
The Arab Fund continued to give priority to activities which reinforce institutional support and training, as 21 grants were allocated to these activities for a total amount of about KD 3.6 million, representing about 34.5% of total grants. These grants included 6 inter-Arab grants for a total of about KD 950 thousand and 15 national grants for a total of about KD 2.7 million. They aimed at enhancing the performance of specialized institutions, improving the quality of services they provide, training their employees and managers, developing their information and data systems, conducting population censuses, supporting the activities of research and training centers, particularly for handicapped, in addition to providing equipment to support health services and contributing to the preservation of national heritage.
The remaining inter-Arab and national grants provided by the Arab Fund during 2008 were allocated for the preparation of general studies and research, including a study on the transfer of technology to improve the main agricultural production systems and natural resource management in the Arabian Peninsula, the Arab Human Development Report for 2008, the Research Initiative for Arab Development, and a brief on the Arab Railway Network Scheme. The grants were also allocated for the preparation of feasibility studies, and organization of seminars and conferences on development issues in Arab countries. Furthermore, 3 grants were provided for the implementation of emergency programs for a total amount of about KD 4.7 million which represented about 45.0% of the total amount of grants allocated during the year. These grants contributed to the reconstruction of Nahr Al-Bared camp and the surrounding areas in Lebanon, partial funding of food supply and livestock feed in Djibouti, and building strategic stocks of grain and provision of basic food commodities in Mauritania. Table 4 shows the grant commitments by activity for 2008.
Support to Palestine The Arab Fund continued its efforts to support the Palestinian people and limit the deterioration of their living conditions, as it was among the first institutions to finance projects in the occupied territories. The total amount of financing provided by the Arab Fund to Palestine, since the start of its operations and until the end of 2008, reached about KD 101.4 million, including KD 25.6 million provided for the execution of 170 grants, KD 61.8 million for the Urgent Program to Support the Palestinian People, and KD 14.0 million in the form of concessionary loans.
Cumulative disbursements on these grants over the period 1974-2008 amounted to about KD 24.4 million, or about 95.4% of the total. The grants covered most sectors and economic activities, including social development, education and health for about 73.9% of the total, productive sectors for about 21.2% and infrastructure for about 4.9%.
Following the decision of the Board of Governors of the Arab Fund during 2008 annual meeting to allocate 10% of the Arab Fund’s net income for 2007, that is about KD 11.1 million, to finance projects included in the Urgent Program to Support the Palestinian People, the total amount of contributions made by the Arab Fund to this program over the period 2002-2008 reached about KD 61.8 million. Cumulative disbursements on these contributions amounted to about KD 47.3 million by the end of 2008, or about 76.5% of the total. The program included support to non-governmental organizations and charitable societies in order to enable them to provide social services, particularly health and education. It also included support to Palestinian universities and research
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Support to Palestine during the period 1974-2008
Amount(KD million)
Disbursementsuntil 31/12/2008
(KD million)
Percentage(%)
Grants 25.6 24.4 95.4Urgent Program 61.8 47.3 76.5Loans* 14.0 13.5 96.4
Total 101.4 85.2 84.0
* Do not include a loan in the amount of KD 3.0 million extended in 1985 for the implementation of Wadi Far’a project, and later converted into a grant.
centers, support to the private sector in the areas of housing, water and electricity, industry and agriculture, as
well as preservation of agricultural land.
The Arab Fund also extended to the Palestinian National Authority 4 concessionary loans amounting to KD 14.0
million for the implementation of 4 projects in the sectors of health, roads, education and rural development. By
the end of 2008, total disbursements on these loans amounted to about KD 13.5 million, or about 96.4% of their
net amount.
The Arab Fund continued to cooperate and coordinate with donor institutions that intervene in Palestine, including the OPEC Fund for International Development, the Kuwait Fund for Arab Economic Development and the Islamic Development Bank. The total number of grants provided by the OPEC Fund to Palestine and administered by the Arab Fund, reached 166 by the end of 2008 for a total amount of about U.S. Dollars 36.3 million. Disbursements on these grants amounted to about U.S. Dollars 29.4 million, or about 80.8% of the total. The Arab Fund also administers a grant of about U.S. Dollars 25 million provided by the State of Kuwait, through the Kuwait Fund, to finance a program to support the Palestinian people. The grant contributed to the implementation of 14 projects in the sectors of health and education, and disbursements amounted to about U.S. Dollars 20.4 million by the end of 2008, representing about 81.6% of the total. The Arab Fund continued to cooperate with the Islamic Development Bank, in the context of Al-Aqsa Fund, in determining priorities and coordinating interventions regarding financing and implementation of projects. The Arab Fund contributed to the projects included in the first, second, third and fourth phase of this Fund by allocating an amount of about U.S. Dollars 65 million. The projects included in these phases covered the areas of education, health and rural development, in addition to support to non-governmental organizations and rehabilitation of historic buildings.
Cumulative Grants Since the beginning of its operations and until the end of 2008, the Arab Fund provided 890 grants for a total amount of about KD 145.4 million. These grants included 425 inter-Arab grants, amounting to about KD 46.0 million, that were allocated as follows: KD 24.2 million to provide institutional support and training programs in several specialized scientific and research centers, about KD 10.6 million to undertake general studies and research in various economic and social development areas, about KD 5.9 million to conduct feasibility studies and project preparation, about KD 3.3 million to organize seminars and meetings to discuss priority development issues for Arab countries, in addition to about KD 2.0 million to support the emergency program against bird flu in Arab countries.
The grants provided over the same period also included 465 national grants, amounting to about KD 99.5 million, that were allocated as follows: about KD 53.0 million for institutional support and training programs, about KD 14.8 million for feasibility studies and project preparation, about KD 5.0 million for general studies and research, and KD 129 thousand for seminars and conferences. Among the grants provided by the Arab Fund for institutional support, some aimed at preserving national heritage. Box 1 provides details on 2 grants allocated for the preservation of the Grand Mosque in the old city of Sana’a in Yemen.
22
The Grand Mosque in Sana'a city is considered as one of the oldest mosques in the Islamic world. It was constructed in the sixth year A.H. corresponding to 627 A.D. following a direct order from Prophet Mohammed (peace be upon him) in Bathan Garden between Ghamdan and Al-Mulmlama rock. The Umayyad Caliph Al-Waleed Bin Abdul Malik expanded the Mosque in the direction of the Qibla at the beginning of the eighth century. At the beginning of the Abassi State era, wooden doors were added to the Mosque followed by improve-ments and additions until the beginning of last century. It has now become one of the mile-stones of the Old Sana’a city, a symbol of heritage and a main landmark in Yemen.
In addition to its long history, the Grand Mosque has architectural and artistic value that makes it one of the most important civilization milestones of Old Sana’a city, and is includ-ed on the list of international human heritage. The Mosque suffered great damages during the past two centuries, as a result of the effusions that covered Sana’a several times and the lack of maintenance due to financial and technical constraints.
In line with the efforts of the Yemeni Government to maintain historical heritage, the Mosque recently received better attention. In 2000, the Yemeni Government prepared a program for restoration and maintenance of the Grand Mosque and its facilities, with spe-cial focus on the collapsing parts, in order to restore it to the level it deserves as one of the oldest Mosques in the world, and as a spiritual and historical symbol, not only for Yemen but for the Islamic world as a whole, and to ensure that it continues to perform its religious, cultural and social role.
The work was divided into two phases. The Arab Fund participated in financing the first phase by allocating a grant of K.D. 500,000 which was used for providing machinery and equipment necessary for conducting studies, research and processes of scanning and documentation using digital photography, laser scanning, evaluation of the condition of the colored decoration, analysis of the colors used in the decoration, the situation of the wooden ceiling from a structural point of view, in addition to selecting the best possible methods for restoration.
After the successful completion of the first phase in 2006, the work of the second phase started in 2007, and included the execution of the rehabilitation works, the repair of cracks and cleaving, the consolidation of walls, particularly the southern one, and the eastern minaret, fixing the ceiling decoration, treating the plaster decoration and carvings in the façade of the niche, and restoring the rostrum.
The contribution of the Arab Fund to the second phase amounted to K.D 1 million, which represented 45% of the estimated total cost of this phase. The participation of the Arab Fund and its interest in this archaeological monument led several specialized interna-tional entities to offer their contribution to the restoration and rehabilitation works of the Grand Mosque.
Restoration and Maintenance of the Grand Mosque in Old Sana´a CityBox 1
23
The national grants also included 18 grants, amounting to about KD 26.5 million, allocated to support emergency programs to alleviate the effects of natural disasters, local disturbances, or damages caused by external aggression in some Arab countries. Box 2 provides a brief on some Arab Fund contributions to these programs.
The Arab Fund contributions to the development of Arab countries include grants allocated to support the implementation of emer-gency programs following natural disasters, local disturbances or damages caused by external aggression. A brief on three of these grants is provided below.
1. Reconstruction in the Darfur Region in SudanAware of the importance of securing peace in the Darfur region through providing the required support for its development and stabil-ity, and meeting the basic needs of the local population suffering from the conflict, the Arab Fund extended a KD 3 million grant to fi-nance emergency and reconstruction projects in Darfur. This grant was allocated for the implementation of a series of priority projects aimed at ensuring essential needs of the population in Darfur's three States (North, South and West Darfur), and is executed under the supervision of the Darfur Reconstruction and Development Fund. The grant is used for the construction of 28 water plants to provide inhabitants with drinking water, including drilling and equipping wells, rehabilitation and maintenance of 4 hospitals and 38 damaged schools, in addition to conducting training programs for local staff. Execution of the grant started recently, and is proceeding well.
2. Reconstruction of Nahr Al- Bared Camp and the Surrounding Areas in LebanonNahr Al-Bared camp was established in December 1949 to provide accommodation for the Palestinian refugees who settled in the Beqaa Valley and the suburbs of Tripoli, and to alleviate their harsh living conditions. The camp is located 16 km from Tripoli and shel-ters about 30,000 refugees. Residents of the camp, as well as its infrastructure and surrounding areas, were severely affected by the events that took place in Lebanon over the months of May through August 2007. The damages caused by these events were estimated at about U.S. Dollars 155 million, while the cost of rehabilitation of the facilities on higher standards was estimated at about U.S. Dol-lars 180 million. In order to rebuild the camp and ensure stability for the Palestinians refugees residing in the camp and the affected Lebanese citizens living in the surround areas, the Lebanese Government organized a meeting for international and Arab financial institutions aimed at raising the required resources for that undertaking. In that meeting, the Arab Fund provided a grant in the amount of U.S. Dollars 15 million as a contribution to the reconstruction program. This program, which the government started implementing, includes provision of monetary aid to families in need, reconstruction of housing units, and rehabilitation of infrastructure facilities including health, education, water, power and road facilities.
3. Rehabilitation and Reconstruction of Facilities Damaged by Flood in Hadramout and Al-Mahrah Governorates in Yemen
Following the major flood in the Hadramout and Al-Mahrah Governorates in Yemen in October 2008 which caused significant dam-ages, including death of about 200 people, displacement of about 20,000 residents, destruction of around 4500 housing units, in ad-dition to damages caused to infrastructure, the Arab Fund took the initiative to contribute to the relief and reconstruction efforts by providing a grant in the amount of KD 1.150 million that the Yemeni Government will use according to its priorities. The Arab Fund also participated in the donors meeting that took place in Sana’a to review the magnitude of the damages caused by the flood, in order to mobilize the required resources for rehabilitation and reconstruction. In that meeting, the Arab Fund promised to contribute to the financing of priority projects in the various economic and social sectors with one or more loans totaling about U.S. Dollars 100 million. This promise motivated other donors to make significant commitments to these projects.
Arab Fund Contributions to Emergency ProgramsBox 2
24
Grant Disbursements Cumulative disbursements on the total amount of grants approved over the period 1974-2008 amounted to about KD 107.2 million, which constituted approximately 77.7% of the net amount of grants. Annex 7 provides a summary of the grants committed and disbursed over that period. During 2008, a total of 65 grants, amounting to about KD 19.0 million, were completed. This brought the total number of grants completed during the period 1974-2008 to 700, with a cumulative amount of about KD 94.9 million. In addition, 10 grants amounting to KD 2.4 million were converted into loans as they resulted in projects, and 16 grants amounting to KD 1.7 million were fully cancelled. Thus, a total of 164 grants, amounting to about KD 46.4 million, remained under execution at the end of 2008.
Other Activities During 2008, the Arab Fund participated in the preparation of the Joint Arab Economic Report that addresses the main economic and social developments in Arab countries, and is published annually in cooperation with the General Secretariat of the League of Arab States, the Arab Monetary Fund and the Organization of Arab Petroleum Exporting Countries. The theme of this year’s report was “Performance and Reforms of the Arab Banking Sector”. The Arab Fund also continued its cooperation with the United Nations Development Program in the publication of the Arab Human Development Report.
The Arab Fund also continued to act as the Coordination Secretariat of the Coordination Group that includes Arab National and Regional Development Institutions, and organized the group’s periodic meetings and those of its technical committees. The sixty-second and sixty-third periodic meetings of the Group took place in 2008. The Group adopted the guidelines for environmental requirements of development projects. The eleventh meeting of the Presidents of the Group members also took place during the year to discuss means of strengthening cooperation among their institutions and increasing their joint efforts in order to maximize the impact of development aid on the economic and social development of beneficiary countries. In addition, the Arab Fund took part in 2008, along with a large number of institutions, in a meeting in Accra, Ghana, to discuss the latest developments on implementation of the Paris Declaration on aid effectiveness, its prospects and ways to improve the performance of aid in the least developed countries. The Arab Fund also held several meetings with the World Bank to explore ways to develop cooperation between the two institutions in supporting economic and social development in Arab countries.
Furthermore, the Arab Fund continued its cooperation with specialized Arab and international organizations in order to help improve the efficiency of their interventions in Arab countries. In this regard, the Arab Fund continued during 2008 its monitoring of the Arab Trade Financing Program in coordination with the Arab Monetary Fund. It also launched, in partnership with the World Bank, the “Research Initiative for Arab Development” which aims at enhancing the quality of research in Arab countries to help support implementation of economic reforms and decision making. Box 3 provides a brief on the initiative.
2525
The completion of land transport links between Arab countries, via road and railway, constitutes a high priority for these countries. The railway transport, in particular, has economic advantages and a high degree of safety and reliability. Due to the existence of railway networks in several Arab countries, and the inclination of others to establish local and regional railway networks, it became necessary to outline a comprehensive scheme to link these networks with each other and with neighboring countries.
The scheme aims at facilitating the inter-Arab transport for trade and tourism, and reducing its cost by completing the link between Arab railway networks via major axes with unified standard specifications. The preparation of the scheme will result in several projects that will strengthen Arab economic integration and encourage the private sector to invest in railway projects.
The scheme comprises two main elements: the basis of the scheme and the components of the scheme. The basis of the scheme contains the existing Arab railway networks and the proposed linking axes; planned railway projects in each Arab country; pertinent international, regional and bilateral agreements; and the related decisions of the Council. The components of the scheme include the preparation of a map for the proposed linking axes with remarks on the missing segments that need to be constructed, the ability of such axes to be connected to neighboring countries within the framework of international, regional and bilateral agreements. The compo-nents also include issuing related scheme projects tender documents, as required by each country, establishing a mechanism for the execution of the related projects and their monitoring, and the operating system of the linking axes.
In 2007, the Arab Transport Ministers Council (the Council) decided to include that scheme in the agenda of the Arab Economic, Social and De-velopment Summit that was to take place in Kuwait in January 2009. The Arab Fund agreed, upon a request by the General Secretariat of the League of Arab States, to cover the cost and supervise the preparation of the scheme that will be undertaken by a qualified consultant in this field. The preparation of the scheme will require extensive studies that will take about one year. Therefore, the Arab Fund, in cooperation with the General Secretariat and other concerned entities, prepared a brief on the scheme to be presented at the Summit. Currently, the Arab Fund is finalizing the Terms of Reference for the scheme preparation in order to invite a number of qualified consultants to submit their offers.
The Arab Railway Network Scheme Box 4
A partnership has been agreed between the World Bank and the Arab Fund for Economic and Social Development to support research on development issues in the Arab countries. The main objective of the Research Initiative for Arab Development (RIAD) is to help scale up and enhance the quality of economic research in the Arab countries in order to bridge the knowledge gap and ultimately help support efforts in the region to strengthen and deepen the reforms and achieve the economic, social and institutional transformations needed to meet its development challenges. The initiative will bring together financial resources, the know-how for the design and implementation of a regional research program and other activities that will inform decision making in the Arab countries. The initiative will focus on five priority areas: (i) equity and inequality, (ii) regional integration, (iii) economic diversification, (iv) environmental degradation and climate change, and (v) institutional change and dynamics.
For each of the main areas of research, the initiative would aim at producing the knowledge and ideas that would contribute to a beter understanding of the issues involved and map out policy options and institutional designs through various activities, including workshops, development of databases, research papers, books, conference volumes, flagship reports, and policy briefs. The initiative isexpected to contribute to the dissemination of knowledge and consensus building through increased interaction between research istitutions and decision-making circles, and broad-based policy debates involving a wide range of stakeholders including policymaers, members of parliaments, civil society, and the media.
Given the importance of RIAD initiative to the economic and social development of the Arab region, the Arab Fund decided to award a grant toward the implementation of such an initiative. The Grant is for the amount of KD 220 thousand (or the equivalent of US Dollars 800 thousand), which matches the contribution of the World Bank to this partnership.
The initiative will be implemented by the Economic Research Forum (ERF), which is one of the well established research institutions in the region that enjoys a good reputation and has a strong capacity for implementation. The ERF governance structure will be used to oversee the implementation of the initiative. However, in view of the significant size of this initiative and the diversity of activities, a Scientific Committee (SC) and a Donors Committee (DC) will be created to support the effective design and implementation of the inititive. Other partners are being approached and may join this initiative, which is expected to be implemented over a renewable three-year period.
Research Initiative for Arab Development Box 3
The Arab Fund activities during the year also included cooperation with the State of Kuwait and the General Secretariat of the League of Arab States in preparing the Arab Economic, Social and Development Summit that was going to take place in Kuwait in January 2009. In addition, the Arab Fund contributed, with several Arab and regional institutions, to the preparation of a brief on the Arab Railway Network Scheme to be presented at the Summit. Box 4 provides highlights on the scheme.
26 No.
Ben
efici
ary/
Gra
ntA
mou
nt
Allo
cate
d (K
D 0
00)
No.
of
Boa
rd's
R
esol
utio
n
Dat
e of
B
oard
A
ppro
val
A:
Inte
r-A
rab
Gra
nts
1G
loba
l Dev
elop
men
t Net
wor
k / S
uppo
rtin
g th
e 10
th A
nnua
l Glo
bal D
evel
opm
ent C
onfe
renc
e (4)
300
13/2
008
27/0
2/20
08
2E
RF
/ S
uppo
rtin
g E
RF
’s F
iftee
nth
Ann
ual C
onfe
renc
e (4
) 15
014
/200
827
/02/
2008
3G
ener
al S
ecre
taria
t of A
rab
Mag
hreb
Uni
on /
Mag
hreb
Far
min
g C
onfe
renc
e (4
)15
5-24
/200
723
/03/
2008
4A
rab
Pla
nnin
g In
stitu
te /
Con
trib
utio
n to
Ara
b P
lann
ing
Inst
itute
Tra
inin
g P
rogr
ams
and
Act
iviti
es -
200
7/20
08 (2
) 10
028
/200
801
/04/
2008
5IC
AR
DA
/ T
echn
olog
y T
rans
fer
Pro
ject
to E
nhan
ce M
ain
Pro
duct
ion
Sys
tem
s an
d N
atur
al R
esou
rces
Man
agem
ent i
n th
e A
rabi
an P
enin
sula
(P
hase
lll)
(3)
600
29/2
008
01/0
4/20
08
6E
RF
/ S
uppo
rtin
g th
e F
orum
’s A
ctiv
ities
and
Pro
gram
s (2
)30
031
/200
801
/04/
2008
7In
ter-
Ara
b / S
uppo
rtin
g th
e P
erio
dica
l Mee
ting
of th
e G
roup
of T
hirt
y (4
) 30
32/2
008
01/0
4/20
08
8U
ND
P /
The
Ara
b H
uman
Dev
elop
men
t Rep
ort (
2008
Edi
tion)
(3)
7539
/200
825
/06/
2008
9W
orld
Ban
k / P
artia
l Fun
ding
of t
he R
esea
rch
Initi
ativ
e fo
r Ara
b D
evel
opm
ent (3
)22
041
/200
825
/06/
2008
10A
rab
Inst
itute
for
Tra
inin
g an
d R
esea
rch
in S
tatis
tics
/ Sup
port
ing
the
Tra
inin
g P
rogr
am fo
r 20
08 (2
)50
43/2
008
25/0
6/20
08
11In
ter-
Ara
b / F
inan
cing
the
Pre
para
tion
of th
e A
rab
Rai
lway
Net
wor
k P
lan
(3)
300
45/2
008
25/0
6/20
08
12A
rab
Cen
ter
for
Edu
catio
nal R
esea
rch
in G
ulf C
ount
ries
/ Pro
mot
ing
Edu
catio
nal S
oftw
are
for
Sci
ence
in S
econ
dary
E
duca
tion
in G
ulf C
ount
ries
(2)
200
46/2
008
25/0
6/20
08
13IC
AR
DA
/ S
uppo
rtin
g th
e C
ente
r’s
Act
iviti
es fo
r 20
08 (
2)20
050
/200
801
/12/
2008
14A
mer
ican
Uni
vers
ity o
f Bei
rut /
Con
trib
utio
n to
Tui
tion
of G
radu
ate
Stu
dent
s fr
om A
rab
Cou
ntrie
s (2
)10
051
/200
801
/12/
2008
Subt
otal
2,64
0
Gra
nts
Appr
oved
dur
ing
20
08
Tabl
e 3
(5) E
mer
genc
y Pr
ogra
ms
(4) S
emin
ars
and
Con
fere
nces
(3) G
ener
al S
tudi
es a
nd R
esea
rch
(1) F
easi
bilit
y St
udie
s an
d Pr
ojec
t Pre
para
tion
(2
) Ins
titut
iona
l Su
ppor
t & T
rain
ing
27No.
Ben
efici
ary/
Gra
ntA
mou
nt
Allo
cate
d (K
D 0
00)
No.
of
Boa
rd´s
R
esol
utio
n
Dat
e of
B
oard
A
ppro
val
B:
Nat
ion
al G
ran
ts
1U
nite
d A
rab
Em
irate
s / I
nstit
utio
nal S
uppo
rt fo
r D
ubai
Cen
ter
for
Han
dica
pped
(2)
23
9/20
0827
/02/
2008
2U
nite
d A
rab
Em
irate
s / I
nstit
utio
nal S
uppo
rt fo
r S
harja
h C
ity fo
r H
uman
itaria
n S
ervi
ces
(2)
4010
/200
827
/02/
2008
3Jo
rdan
/ A
cqui
sitio
n of
a D
igita
l Mam
mog
raph
y fo
r K
ing
Hus
sein
Can
cer
Cen
ter (
2)12
011
/200
827
/02/
2008
4M
oroc
co /
Sol
ar E
nerg
y P
ilot P
roje
ct in
the
City
of O
uarz
azat
e (1
)25
012
/200
827
/02/
2008
5O
man
/ C
hild
ren
with
Can
cer
in O
man
(2)
154-
24/2
007
01/0
3/20
08
6M
aurit
ania
/ P
opul
atio
n an
d H
ouse
hold
s C
ensu
s 20
10 (2
)60
021
/200
801
/04/
2008
7Jo
rdan
/ Ju
bile
e S
choo
l Dev
elop
men
t Pro
ject
(2)
500
22/2
008
01/0
4/20
08
8U
nite
d A
rab
Em
irate
s / I
nstit
utio
nal S
uppo
rt fo
r R
as A
l Kha
imah
Cen
ter
for
Han
dica
pped
(2)
3523
/200
801
/04/
2008
9S
audi
Ara
bia
/ Pro
fess
iona
l Qua
lifica
tion
Pro
gram
for
Eng
inee
rs (2
)20
024
/200
801
/04/
2008
10E
gypt
/ S
tudy
of D
evel
opm
ent o
f Bab
Al A
zab
Are
a an
d A
l Kal
aa (
Pha
se l)
(3)
200
25/2
008
01/0
4/20
08
11U
nite
d A
rab
Em
irate
s / I
nstit
utio
nal S
uppo
rt fo
r Ajm
an C
ente
r fo
r H
andi
capp
ed (2
)30
26/2
008
01/0
4/20
08
12B
ahra
in /
Sup
port
ing
the
Act
iviti
es o
f Sha
ikh
Ebr
ahim
bin
Moh
amm
ed A
l Kha
lifa
Cen
ter
for
Cul
ture
and
Res
earc
h in
D
evel
opin
g th
e S
urro
undi
ngs
of th
e C
ultu
ral C
ente
rs (
2)20
027
/200
801
/04/
2008
13Le
bano
n / I
nstit
utio
nal S
uppo
rt fo
r th
e C
hild
ren’
s C
ance
r C
ente
r of
Leb
anon
(2)
150
30/2
008
01/0
4/20
08
14Y
emen
/ B
uild
ing
Cap
acity
for
Impl
emen
tatio
n an
d M
anag
emen
t of E
cono
mic
and
Soc
ial P
roje
cts
(2)
500
37/2
008
01/0
4/20
08
15M
aurit
ania
/ S
uppo
rt in
Bui
ldin
g S
trat
egic
Sto
cks
of G
rain
and
Pro
visi
on o
f Bas
ic F
ood
Com
mod
ities
(5)
750
38/2
008
15/0
5/20
08
16Le
bano
n / I
nstit
utio
nal S
uppo
rt fo
r D
ar A
l Am
al A
ssoc
iatio
n (2
)50
40/2
008
25/0
6/20
08
17S
udan
/ A
cqui
sitio
n of
Equ
ipm
ent f
or th
e E
cono
mic
and
Soc
ial S
tudi
es a
nd R
esea
rch
Cen
ter
in S
udan
(2)
120
42/2
008
25/0
6/20
08
18P
ales
tine
/ Ins
titut
iona
l Sup
port
for
the
Info
rmat
ion
and
Doc
umen
tatio
n C
ente
r of
the
Inst
itute
for
Pal
estin
e S
tudi
es (2
)75
44/2
008
25/0
6/20
08
19D
jibou
ti / P
artia
l Fun
ding
of F
ood
Sup
ply
and
Live
stoc
k F
eed
to F
ace
Dro
ught
Cris
is (5
) 30
047
/200
825
/06/
2008
20Le
bano
n / S
uppo
rtin
g th
e R
econ
stru
ctio
n of
Nah
r Al-B
ared
Cam
p an
d th
e S
urro
undi
ng A
reas
- S
econ
d G
rant
(5)
2,65
348
/200
825
/06/
2008
21Y
emen
/ R
ehab
ilita
tion
and
Rec
onst
ruct
ion
of F
acili
ties
Dam
aged
by
Flo
od in
Had
ram
out
and
Al-M
ahra
h G
over
nora
tes (
5)1,
000
49/2
008
01/1
2/20
08
Su
bto
tal
7,81
1
Tota
l10
,451
Gra
nts
Appr
oved
dur
ing
20
08
Tabl
e 3
(con
tinue
d)
(5) E
mer
genc
y Pr
ogra
ms
(4) S
emin
ars
and
Con
fere
nces
(3) G
ener
al S
tudi
es a
nd R
esea
rch
(1) F
easi
bilit
y St
udie
s an
d Pr
ojec
t Pre
para
tion
(2
) Ins
titut
iona
l Su
ppor
t & T
rain
ing
28
Act
ivity
Dur
ing
2008
Dur
ing
the
Per
iod
1974
- 2
008
Inte
r-A
rab
Gra
nts
Nat
iona
l Gra
nts
Tota
lIn
ter-
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b G
rant
sN
atio
nal G
rant
sTo
tal
Am
ount
(%
)A
mou
nt (
%)
Am
ount
(%
)A
mou
nt (
%)
Am
ount
(%
)A
mou
nt (
%)
1. F
easi
bilit
y S
tudi
es a
nd
Pro
ject
Pre
para
tion
--
250
3.2
250
2.4
5,88
012
.814
,820
14.9
20,7
0014
.2
2. In
stitu
tiona
l Sup
port
an
d T
rain
ing
950
36.0
2,65
834
.03,
608
34.5
24,1
8452
.653
,049
53.4
77,2
3353
.1
3. G
ener
al S
tudi
es a
nd
Res
earc
h1,
195
45.3
200
2.6
1,39
513
.410
,564
23.0
4,98
55.
015
,549
10.7
4. S
emin
ars
and
Con
fere
nces
495
18.7
- -
495
4.7
3,32
97.
212
90.
13,
458
2.4
5. E
mer
genc
y P
rogr
ams
--
4,70
360
.24,
703
45.0
2,00
04.
426
,487
26.6
28,4
8719
.6
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l*2,
640
100.
07,
811
100.
010
,451
100.
045
,957
100.
099
,470
100.
014
5,42
710
0.0
* D
oes
not i
nclu
de a
n am
ount
of a
bout
KD
61.
8 m
illio
n al
loca
ted
by th
e A
rab
Fun
d B
oard
of G
over
nors
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uppo
rt th
e P
ales
tinia
n pe
ople
, rep
rese
ntin
g 10
% o
f net
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me
earn
ed in
200
1, a
nd in
200
3 th
roug
h 20
07.
Gra
nt C
omm
itmen
ts b
y Ac
tivity
(KD
00
0)
Tabl
e 4
29
Grant Commitments by Activity(Percentage)
Seminars & Conf.18.7%
Inst. Support & training36.0%
General Studies & Research45.3%
Feasibility Studies & Project Prep.3.2%
Inst. Support & Training34.0%
General Studies & Reserch2.6%
Emergency Programs60.2%
Seminars & Conf.7.2%
Emergency Programs4.4%
Feasibility Studies & Project Prep.12.8%
General Studies & Research23.0%
Inst. Support & training52.6%
Seminars & Conf.0.1%
Emergency Programs26.6%
Feasibility Studies & Project Prep.14.9%
General Studies & Research5.0%
Inst. Support & training53.4%
Inter-Arab Grants during 2008National Grants during 2008
Inter-Arab Grants during the period 1974 - 2008
National Grants during the period 1974 - 2008
30
Third: Financial Statements for the Financial Year Ended 31 December 2008
I – Financial Position
Assets:Total assets amounted to KD 2,590 million (100%) at year end, and consisted of: KD 304 million (12%) in investments, KD 2,181 million (84%) in loans, KD 47 million (2%) in the Arab Trade Financing Program, and KD 58 million (2%) representing the shares of the participants in the Arab Organizations Headquarters Building, other assets, cash and cash equivalents, compared with total assets of KD 2,605 million at the end of 2007, consisting of KD 473 million in investments, KD 2,026 million in loans, KD 48 million in the Arab Trade Financing Program, and KD 58 million representing the shares of the participants in the Arab Organizations Headquarters Building, other assets, cash and cash equivalents.
Liabilities:Total liabilities at year end amounted to KD 76 million (100%), consisting of KD 31 million (41%) in grants, KD 11 million in provision for employees’ pension (14%) and KD 34 million (45%) as other liabilities, compared with KD 70 million in total liabilities at the end of 2007, consisting of KD 28 million in grants, KD 11 million in provision for employees’ pension and KD 31 million as other liabilities.
Member Countries’ Equity:As at the end of 2008, shareholders equity reached KD 2,513 million (100%), consisting of KD 2000 million (80%) in capital, KD 515 million (20%) in capital reserves, and KD -2 million change in fair value reserve, compared with total equity of KD 2,535 million as at the end of 2007, consisting of KD 663 million in capital, KD 1,868 million in capital reserves, KD 6 million in grants reserve and KD -2 million change in fair value reserve.
II – Income and Expenditure
Income:Total income for the year amounted to KD 6.03 million, consisting of KD 82.63 million interest income from loans, KD 76.68 million loss from investments, and KD 0.08 million income from the Arab Trade Financing Program, compared with a total income of KD 117.28 million in 2007, consisting of KD 77.83 million interest income from loans, KD 36.98 million income from investments and KD 2.47 million income from the Arab Trade Financing Program.
Expenditure:Total administrative expenses for the year 2008 amounted to KD 6.71 million, consisting of KD 4.65 million for salaries and allowances, and KD 2.06 million for other expenses, compared with KD 5.99 million for administrative expenses during 2007, consisting of KD 4.14 million for salaries and allowances, and KD 1.85 million for other expenses.
Net Profit:Net loss for the year reached KD 0.91 million, including provision for loans amounting to KD 0.22 million, which was fully deducted from additional reserve, compared with KD 111.15 million net profit for 2007, from which KD 0.15 million was allocated to Arab scholars, KD 5.56 million to the grants reserve, KD 11.11 million to the general reserve, and the remaining KD 94.33 million to the additional reserve.
31
III – Cash Flows
Net cash flow provided by operating activities during the year amounted to KD 1.78 million, which resulted from KD 284.68 million in loan disbursements, KD 6.93 million in grant disbursements, as well as loan repayments of KD 129.50 million and a decrease in trading investments of KD 80.26 million, compared with KD 11.18 million in net cash flow provided by operating activities during 2007 resulting from KD 274.53 million in loan disbursements, KD 6.54 million in grant disbursements, KD 136.54 million in loan repayments and KD 47.38 million decrease in trading investments.
Net cash used in investment activities during the year amounted to KD 3.91 million, compared with net cash used in investment activities of KD 11.61 million during 2007.
The net decrease in cash and cash equivalents during the year was KD 2.13 million, compared with a net decrease in cash and cash equivalents of KD 0.43 million during 2007.
32
2008 2007
Assets
Cash and cash equivalents 23,012 25,146
Investments 304,017 473,498
Investment in associate 47,257 48,161
Loans 2,180,757 2,025,795
Receivables from participants in the building 8,752 9,097
Other assets 25,819 23,901
Total assets 2,589,614 2,605,598
Liabilities and members’ equity
Liabilities
Grants 30,724 28,112
Provision for pension fund 11,389 10,935
Other liabilities 34,124 31,511
Total liabilities 76,237 70,558
Members’ equity
Capital 2,000,000 663,040
General reserve 205,105 205,105
Additional reserve 310,154 1,662,788
Grants reserve 162 6,047
Change in fair value reserve (2,044) (1,940)
Total members’ equity 2,513,377 2,535,040
Total liabilities and members’ equity 2,589,614 2,605,598
Arab Fund for Economic and Social DevelopmentBalance Sheet as at 31 December 2008
(KD 000)
33
Arab Fund for Economic and Social DevelopmentStatement of Income for the year ended 31 December 2008
(KD 000)
2008 2007
Income
Interest income from loans 82,630 77,836
Net (loss) / gain from investments (76,868) 36,359
Interest income 234 651
Share in results of associate 79 2,469
Other income 76 127
Operating expenses (124) (159)
Net operating income 6,027 117,283
Administrative expenses
Staff costs 4,655 4,137
Other expenses 2,058 1,851
Total administrative expenses 6,713 5,988
Net (loss) / profit before provision for loans (686) 111,295
Provision for loans (220) (138)
Net (loss) / profit for the year (906) 111,157
34
Arab Fund for Economic and Social DevelopmentStatement of Changes in Membersʼ Equity for the year ended 31 December 2008
(KD 000)
CapitalGeneral reserve
Additional reserve
Grants reserve
Change in fair values
reserve
Retained earnings
Total
Balance at 1 January 2007
663,040 193,990 1,583,419 8,688 1,991 0 2,451,128
Transfer to the account of supporting the Palestinian people
0 0 (11,963) 0 0 0 (11,963)
Change in fair values of available-for-sale invest-ments
0 0 0 0 (3,931) 0 (3,931)
Net profit for the year 0 0 0 0 0 111,157 111,157
Transfer to fellowship 0 0 0 0 0 (152) (152)
Transfer to grants reserve 0 0 (3,000) 8,558 0 (5,558) 0
Transfer to general reserve
0 11,115 0 0 0 (11,115) 0
Transfer to additional reserve
0 0 94,332 0 0 (94,332) 0
Grants approved 0 0 0 (11,324) 0 0 (11,324)
Grants cancelled and transferred
0 0 0 125 0 0 125
Balance at 31 December 2007
663,040 205,105 1,662,788 6,047 (1,940) 0 2,535,040
Balance at 1 January 2008
663,040 205,105 1,662,788 6,047 (1,940) 0 2,535,040
Transfer to the account of supporting the Palestinian people
0 0 (11,115) 0 0 0 (11,115)
Change in fair values of available-for-sale invest-ments
0 0 0 0 (591) 0 (591)
Transferred to profit or loss on sale
0 0 0 0 487 0 487
Net loss for the year 0 0 0 0 0 (906) (906)
Transferred to capital 1,336,960 0 (1,336,960) 0 0 0 0
Transfer to grants reserve 0 0 (3,653) 3,653 0 0 0
Transfer to additional reserve
0 0 (906) 0 0 906 0
Grants approved 0 0 0 (10,451) 0 0 (10,451)
Grants cancelled and transferred
0 0 0 913 0 0 913
Balance at 31 December 2008
2,000,000 205,105 310,154 162 (2,044) 0 2,513,377
35
Arab Fund for Economic and Social Development Statement of Cash Flows for the year ended 31 December 2008
(KD 000)
2008 2007
Cash flows from operating activities
Net (loss) / profit for the year (906) 111,157
Adjustments:
Interest income from loans (82,630) (77,836)
Net unrealized loss on investments 94,008 7,267
Interest income (234) (651)
Share in results of associate (79) (2,469)
Provision for loans 220 138
Provision for pension fund 1,621 1,531
12,000 39,137
Changes in operating assets and liabilities
Net change in trading investments 80,262 47,377
Disbursements of loans (284,677) (274,528)
Loan repayments 129,495 136,537
Disbursements of grants (6,926) (6,541)
Receivables from participants in the building 345 346
Other assets (569) 70
Other liabilities (8,502) (7,712)
(78,572) (65,314)
Interest received 81,515 77,432
Pensions and employees’ end of service indemnity paid (1,167) (938)
Net Cash flow from operating activities 1,776 11,180
Cash flows from investment activities
Net changes in other investments (5,217) (13,029)
Dividends received from associate 1,307 1,421
Net cash used in investment activities (3,910) (11,608)
Net decrease in cash and cash equivalents (2,134) (428)
Cash and cash equivalents at beginning of the year 25,146 25,574
Cash and cash equivalents at end of the year 23,012 25,146
36
Arab Fund for Economic and Social DevelopmentSignificant Accounting Policies
a) Statement of compliance The financial statements are prepared in accordance with International Financial Reporting Standards promulgated by the International Accounting Standards Board (“IASB”) and based on the interpretations issued by the International Financial Reporting Interpretations’ Committee of the IASB.
b) Basis of preparation The financial statements are prepared on a fair value basis for financial assets and liabilities held for trading and available-for-sale assets, 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 stated at amortized cost or historical cost.
The accounting policies applied by the Fund are consistent with those used in the previous year.
c) InvestmentsFinancial 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 costs on financial instruments are 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 income statement.
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 the case of monetary items, foreign exchange gains and losses.
d) Loans Loans are carried at amortized cost less impairment losses. A specific provision for impairment is established if there is objective evidence that the Fund will not be able to collect all the amounts due. 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.
e) ImpairmentLoans, other assets, investments available for sale and investment in associated institutions are reviewed at each balance sheet date to determine whether there is objective evidence of impairment. All impairment losses are recognized in the income statement.
f) Investment in associate Investment in associated entity is accounted for on equity basis.
g) Fixed assetsFixed assets are not capitalized but are fully written off to the income statement in the year of purchase.
37
h) Provision for pension fund Provision for the Fund’s obligation towards employees’ pension is determined on the basis of contributions paid by the employees and the Fund, in addition to a return of 10% p.a. guaranteed by the Fund.
i) Foreign currencies Foreign currency transactions are recorded at the exchange rates prevailing on the value dates of the transactions. All monetary assets and liabilities in foreign currencies are converted into Kuwaiti Dinars at the rates of exchange prevailing at the balance sheet date. Any resultant gains or losses are recognized in the income statement.
j) Cash and cash equivalentsCash and cash equivalents, for the purpose of preparing the statement of cash flows, include cash and short-term balances held with banks.
k) Revenue recognitionInterest income is recognized on accrual basis in the income statement, taking into account the effective yield of the asset or an applicable floating rate. Interest and commission on loans to countries with a past due arrears for over three months are excluded from the income statement, only to be recorded as income when received. Fee and commission income are recognized when earned. Dividend income is recognized when the right to receive payment is established. Other revenues and expenses are recognized on an accrual basis.
38
ANNEXES
39
Annex 1Project Sheets for Loans Extended in the Year 2008
41
42
Loan No.: 521 Interest Rate: 3.0%
Beneficiary:
Ministry of Irrigation and Water Resources, andNational Electricity Corporation
Grace Period: 6 years
Project Cost: KD 142.3 million Maturity: 25 years
Amount of Loan: KD 58.0 million Repayment:39 semi-annual installments
Date of Loan Agreement: 06/01/2008First Installment:
6 years following the first disbursement
Date of Effectiveness: 08/04/2008
Republic of Sudan Heightening of Roseires Dam
(Phase II)
Annex 1Project 1 of 13
Objectives:
The project aims at improving the regulation of the Blue Nile River water through the increase of the storage capacity of the Roseires dam by approximately 4.4 billion m3, and using the additional water to intensify agriculture in 4 million acres (1.7 million hectars) of irrigated land from Roseires and Sennar dams, as well as increasing annual hydropower production by 565 GWH.
Description: The project, which is expected to be completed during the first quarter of 2012, consists of heightening the existing Roseires dam by 10 m to raise the reservoir normal water level from 480 to 490 m above sea level, and to increase the crest length of the dam from 13.5 to 25 km, in order to increase the design storage capacity of the dam from 3 billion m3 to 7.4 billion m3. The dam heightening includes the following major works:
1) Civil Works: This includes the following:
a) Heightening of Concrete Dam:
This includes concrete works and all complementary works to raise the concrete dam crest by constructing a 4 m wide and 10 m high gravity wall to increase the height of the concrete dam from 68 to 78 m, as well as heightening the concrete buttresses and increasing their length by 7 meters and their thickness from 3 to 5 m.
b) Complete Heightening of Fill Dam:
This includes excavation, fill, and all complementary works necessary to raise approximately 4 km of the right fill dam by 10 m, and increasing its length by 4.5 km. It also includes heightening of approximately 8.5 km of the left fill dam by 10 m and increasing its length by 7 km. The total length of the fill dam crest, after heightening, will be 24 km and its width 7 to 10 m.
2) Hydro-Mechanical and Electrical Works:
This includes all works necessary for rehabilitation of control, emergency gates as well as cranes and hydraulic hoists in the water control structures located within the dam. It also includes rehabilitation and relocation of all hydraulic equipment for the operation of the gates from its present location to the new location after heightening the dam, as well as the rehabilitation of the deep sluices along with all complementary electrical works.
43
3) Technical Services:
This includes the consultancy services required to review previous studies and designs, and to assist in prequalification of contractors and bidding of construction tenders, as well as construction supervision.
4) Land Expropriation and Resettlement:
This includes land acquisition, compensation for properties, and resettlement of the inhabitants affected by the project.
5) Project Management:
This includes the establishment of a project management unit, within the Dams Implementation Unit, which will administer the implementation of the project.
Financing:
The Arab Fund’s loan covers about 40.8% of the total project cost. The Islamic Development Bank, the OPEC Fund for International Development, the Abu Dhabi Fund for Development and the Saudi Fund for Development will contribute to the financing of the project with loans equivalent to KD 21.6 million, KD 8.1 million, KD 6.8 million and KD 10.8 million, respectively. The Kuwait Fund for Arab Economic Development will provide a loan of KD 15.0 million. The Government of Sudan will cover the remaining cost of the project and any additional cost that may arise.
44
Loan No.: 514Interest Rate: 3.0%
Second Loan No.: 525
Beneficiary:West Delta Electricity Production Company
Grace Period: 6 years
Project Cost: KD 369.4 million Maturity of Each Loan: 25 years
Amount of Loan: KD 30.0 million Repayment of Each Loan:
39 semi-annual install-ments Amount of Second Loan: KD 30.0 million
Date of Loan Agreements: 14/01/2008 First Installment on Each Loan:
6 years following the first disbursement Date of Effectiveness: 01/09/2008
Arab Republic of EgyptExpansion of Abu Qir Power Generating Station
1300 MW
Annex 1Project 2 of 13
Objectives: The project aims at satisfying the increasing demand for electric power and energy in the Egyptian unified power network. This will be accomplished through increasing the installed power generation capacity in the West Delta area by 1300 MW, by expanding the existing Abu Qir power generating station by adding two steam power generating units which run on natural gas as the primary fuel.
Description:The project consists of two steam generating units, each rated at 650 MW. The new station expansion will be connected to the unified power network through double-circuit 500 kV power overhead lines through the Kafr El Zayat substation to the Basous substation in the Greater Cairo area. This project represents the second expansion of Abu Qir power generating station.
The project, which is expected to be completed in the second half of 2011, includes the following main components:
1) Machines and Equipment:
This includes acquisition and installation of two steam power generating units, each one consisting of a steam generator, a steam turbine and an electric generator, and all their mechanical and electrical accessories.
2) 500 kV Switchyard:
This includes acquisition and installation of a switch gear and equipments for interconnecting the new generating units to the 500 kV power transmission network.
3) Civil and Marine Works:
This includes site preparation, design, and construction of project buildings and facilities, and design, manufacturing and installation of water intake and discharge, in addition to other required civil and marine works.
4) Technical and Consultancy Services, and Insurance:
This includes technical and consultancy services needed for designing and carrying out the project, for preparing tender documents, assisting in bid evaluation and contracting and project supervision, in addition to insurance services.
Financing: The Arab Fund’s loan covers about 8.1% of the total project cost. Due to an increase in the project cost, a second loan for the same amount was allocated by the Arab Fund. The Kuwait Fund for Arab Economic Development will provide a KD 30.0 million loan. The African Development Bank and the Islamic Development Bank will provide loans equivalent to KD 95.9 million and KD 47.0 million, respectively. The Egyptian Government will cover the remaining cost of the project and any additional cost that may arise.
45
Loan No.: 523 Interest Rate: 3.0%
Beneficiary: SNDE and SOMELEC Grace Period: 6 years
Project Cost: KD 16.7 million Maturity: 25 years
Amount of Loan: KD 15.0 million Repayment:39 semi-annualinstallments
Date of Loan Agreement: 16/01/2008First Installment:
6 years following the firstdisbursement Date of Effectiveness: 21/04/2008
Islamic Republic of Mauritania Drinking Water and Electricity Emergency Program
for the City of Nouakchott
Annex 1Project 3 of 13
Objectives:The project aims at addressing the severe shortage in the supply of drinking water and electric energy in the city of Nouakchott, and satisfying a portion of the increasing demand for them. This will be accomplished by strengthening the water production and transport facilities, the reduction of water losses and the improvement of the city’s water distribution network, along with increasing the energy production capabilities of Nouakchott central power station, and expanding the city’s transmission network.
Description: The drinking water component of the project includes the drilling and equipping of several wells, the rehabilitation and laying of pipelines used for the transmission and distribution of water, the construction of reservoirs, the rehabilitation and construction of pumping stations, the construction of water sterilization facilities, and the replacement of some water meters and old house connections. The electrical component of the project includes the supply and installation of diesel generating units, and circuit breakers and transformers to connect these units to the national transmission grid, the upgrade of the maintenance workshop in the Nouakchott central power station, along with the construction of transmission lines, substations and a fuel line. The project also includes all the required consultancy and technical services. The project, which is expected to be completed by the middle of 2009, consists of the following two main components:
1) Drinking Water Works:
This includes drilling and equipping 10 production wells and 8 observation wells in the water basin of Idini, the improvement of the control and operating system of the existing wells and pumping stations, the rehabilitation of about 40 km of the old transmission pipeline of Idini, the laying of about 32 km of pipelines with a diameter varying between 200 and 600 mm, the construction of a reservoir with a capacity of about 5000 m3 and an elevated reservoir with a capacity of 750 m3, a pumping station with a nominal flow of about 350 l/s and a head of about 25 m, and two water sterilization facilities. The works also include the rehabilitation and reinforcement of the distribution network, in addition to the replacement of about 6000 old house connections and about 5000 water meters. This component also includes the studies and the supervision of the works, the provision of technical assistance to SNDE, and the provision of equipment and vehicles needed for the management of the project.
2) Electrical Works:
This component includes increasing the generating capacity of the Nouakchott central power station by about 34 MW through the supply and installation of a number of diesel units that run on HFO, along with their
46
accessories, the supply and installation of transformers and circuit breakers to connect these units to the 33 kV transmission network, and the upgrade of the maintenance workshop in the station. This component also includes the expansion of the 33 kV transmission network to relieve some of the loads on the 15 kV distribution network, the construction of a fuel pipeline, along with the acquisition of required consultancy services.
Financing: The Arab Fund’s loan covers about 89.8% of the total project cost. The Mauritanian Government will finance the remaining cost of the project and any additional cost that may arise.
47
Islamic Republic of MauritaniaDrinking Water and Electricity Emergency Program for the City of Nouakchott
(Supplementary Loan)
Annex 1Project 4 of 13
Loan No.: 535 Interest Rate: 2.5%
Beneficiary: SNDE and SOMELEC Grace Period: 7 years
Project Cost: KD 35.9 million Maturity: 25 years
Amount of Loan: KD 10.0 million Repayment:37 semi-annual installments
Date of Loan Agreement: 02/07/2008First Installment:
7 years following the first disbursement
Date of Effectiveness: -
Objectives: The project aims at addressing the severe shortage in the supply of drinking water and electric energy in the city of Nouakchott, and satisfying a portion of the growing demand for electric power and energy in the city. This will be accomplished through supplying electric power to water pumping and treatment stations, and by raising the electric generating capacity in the main Nouakchott power station by adding heavy fuel oil diesel generating units having a total capacity of 24 MW.
Description:The project, which is expected to be completed by the beginning of 2010, includes acquisition and installation of high and medium voltage power overhead lines, underground cables, and substations and their accessories to supply power to water pumping and treatment stations of Aftout Es-Saheli project. The project also includes leasing up to two years, or purchasing, additional power generating units, and connecting them to the city’s transmission network. The project consists of two components:
1) Drinking Water Works:
This includes acquisition and installation and civil works of two substations in the cities of Rosso and Beni Neji. The project also includes constructing a 51 km 90 kV overhead transmission line to link the cities of Rosso and Beni Neji, in addition to constructing a 10 km 33 kV line. A 33 kV underground cable will also be laid down to supply power from the central Nouakchott power station to the pumping station at PK 17.
2) Electrical Works:
This includes raising the installed power generating capacity in Nouakchott central power station by adding heavy fuel oil diesel generating units with capacities totaling 24 MW, and transformers and all their accessories, and connecting them to the 33 kV city’s power transmission network. The project also includes acquisition, installation, and consultancy services for adding a new substation.
Financing:The Arab Fund’s loan covers about 27.9% of the total project cost. The Mauritanian Government will cover the remaining project cost and any additional cost that may arise.
48
Loan No.: 514 Interest Rate: 4.5%
Beneficiary:National Office of Potable Water
Grace Period: 4 years
Project Cost: KD 22.8 million Maturity: 22 years
Amount of Loan: KD 15.0 million Repayment:37 semi-annual installments
Date of Loan Agreement: 17/01/2008First Installment:
4 years following the first disbursementDate of Effectiveness: 18/09/2008
Kingdom of MoroccoWater Supply for the Provinces of Taounate,
Chefchaouen, Sidi Kacem and Tanger Med Port
Annex 1Project 5 of 13
Objectives:The project aims at meeting the current and future needs for drinking water of the urban and rural population in Taounate, Chefchaouen and Sidi Kacem provinces through the use of water from Al Wahda dam. The project also aims at providing Tanger Med port and the surrounding industrial and residential areas with drinking water from Oued Rmel dam which is currently under construction.
Description:The project, which is expected to be completed by the end of 2010, includes construction works for supplying the three provinces and the port with drinking water, in addition to the necessary technical services. The project consists of the following main components:
1) Water Structures for the Provinces of Taounate, Chefchouen and Sidi Kacem:
This includes the construction of a water intake on Al Wahda dam, and a plant to treat part of the water from the dam, then transfer and distribute it to several cities and villages in the provinces of Taounate, Chefchaouen and Sidi Kacem. This component of the project includes the following:
a) Water Intake and Treatment Plant:
This includes the construction of a water intake on Al Wahda dam and equipping it with three pumps, each with a capacity of about 170 l/s, the construction of a reservoir with a capacity of about 1000 m3, the construction of a treatment plant with a capacity of about 360 l/s, the construction of a pumping station with a capacity of about 240 l/s, the laying of pipelines with a total length of about 5 km and diameters ranging between 600 and 900 mm, the construction of electric lines with a total length of about 1 km to supply the pumping stations and the treatment plant with electric power, in addition to the acquisition and installation of all the necessary equipment for the operation of the pumping stations and treatment plant.
b) Water Transmission Pipeline to BaMohamed Reservoir:
This includes the laying of pipelines with a total length of about 32 km and a diameter of 700 mm, and the construction of a reservoir with a capacity of about 1000 m3.
c) Water Transmission and Distribution Equipment in the Provinces of Chefchaouen and Sidi Kacem:
This includes the construction of about 21 pumping stations with capacities ranging between 5 and 200 l/s, the construction of about 13 reservoirs with capacities ranging between 100 and 5000 m3, the laying of transmission and distribution pipelines with a total length of about 615 km and diameters ranging between 60 and 700 mm, the installation of about 210 public fountains, the supply of electric power to the pumping
49
stations, in addition to the acquisition and installation of all the necessary equipment and accessories for the operation of the pumping stations and the pipelines.
d) Water Distribution Networks in Taounate Province:
This includes extension of the existing distribution networks to supply several cities and villages in the province with water. The works consist of the laying of about 350 km of pipelines with diameters ranging between 60 and 300 mm, and the installation of about 100 public fountains.
2) Water Structures for Tanger Med Port:
This includes the construction of a plant to treat the water from Oued Rmel dam with a capacity of about 300 l/s, a pumping station of treated water with 3 pumps, one of which to be used as a spare, and each with a capacity of 165 l/s, about 1 km of electric lines to provide both the plant and the station with electric power, pipelines with a total length of about 4 km and diameters ranging between 600 and 800 mm, in addition to the necessary equipment and accessories for the operation of the treatment plant and the pumping station.
3) Technical Services:
This includes all the required services to prepare studies, design, construction drawings, and supervision during project implementation.
Financing:The Arab Fund’s loan covers about 65.8% of the total project cost. The Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.
50
Objectives:The project aims at providing additional water to eliminate the deficit in drinking water, and to satisfy future
water demand in the city of Tetouan and its neighbouring areas through the construction of a dam to regulate the
water of Wadi Mohjerat, one of the main tributaries of Wadi Martil. The project also aims at irrigating part of the
agricultural land downstream of the dam, and at protecting the city of Tetouan from floods.
Description: The project, which is expected to be completed by the end of 2011, consists of the following two major components:
(1) construction of Wadi Martil dam and its appurtenant structures on Wadi Mohjerat in a location 15 km southwest
of the city of Tetouan, and (2) drinking water structures to convey and treat the additional quantities of water from
the dam. The following is a description of these components:
1) Construction of Wadi Martil Dam:
This includes the construction of a concrete face fill dam and its appurtenant structures on Wadi Mohjerat,
and the construction of an earth fill secondary dam to close a depression on the right bank of the wadi. The
dam will be 100 m high, 600 m long with a crest width of 8 m and the secondary dam will be 50 m high, 850
m long with a crest width of 8 m. The appurtenant structures include the spillway, water intakes and bottom
outlet located within a concrete tower. The dam will impound a reservoir with gross storage capacity of 120
million m3, and it will regulate annually about 50 million m3 of water. The construction of the dam includes the
following major works:
a) Civil Works:
This includes excavation, grouting, concrete and fill works required for the construction of the main dam
and its appurtenant structures, as well as the secondary dam. It also includes all preparatory works and
site installations necessary for the construction of the dam and its associated structures.
b) Hydro-Mechanical Works:
This includes the supply and installation of gates, pipes, valves and related equipment to control water
in the spillway, bottom outlet and water intakes. It also includes all electrical and mechanical equipment
required for the operation of the dam.
Loan No.: 517 Interest Rate: 4.5%
Beneficiary:Ministry of Territorial Development, Water and Environment
Grace Period: 6 years
Project Cost: KD 40.0 million Maturity: 22 years
Amount of Loan: KD 23.0 million Repayment:33 semi-annual installments
Date of Loan Agreement: 17/01/2008First Installment:
6 years following the first disbursementDate of Effectiveness: 02/06/2008
Kingdom of Morocco Wadi Martil Dam
Annex 1Project 6 of 13
51
c) Technical Services:
This includes the consultancy services required to prepare the construction designs and drawings, supervision of the dam construction, as well as the services of international experts to review the studies and designs of the dam.
d) Land Expropriation:
This includes land acquisition, compensation for properties and resettlement of the inhabitants affected by the construction of the dam.
e) Project Management:
This includes the services of the project management unit, which will be responsible for the administration of the construction of the dam.
2) Drinking Water Structures:
This includes the construction of structures necessary to convey, pump and treat the water from the dam, and comprises the following:
a) Pumping Station:
This includes the construction of a 1.5 m3/s pumping station with a rated head of 85 m, and the supply of electricity and all electromechanical and electrical equipment necessary for the operation of the station.
b) Water Conveyor:
This includes the construction of a 17 km pipeline with diameters ranging between 800 and 1400 mm, and the furnishing and installation of valves and all accessories necessary for the operation of the conveyor.
c) Expansion of Toreta Water Treatment Plant:
This includes civil, hydro-mechanical and electrical works necessary to upgrade the existing capacity of the plant from 500 to 1000 l/s.
d) Technical Services:
This includes the consultancy services required to prepare the detailed studies and design, tender documents, and construction supervision of the drinking water works.
Financing:The Arab Fund’s loan covers about 57.5% of the total project cost. The Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.
52
Loan No.: 528 Interest Rate: 3.0%
Beneficiary:
Ministry of Irrigation and Water Resources, andNational Electricity Corporation
Grace Period: 6 years
Project Cost: KD 582.6 million Maturity: 25 years
Amount of Loan: KD 58.0 million Repayment:39 semi-annual installments
Date of Loan Agreement: 05/03/2008First Installment:
6 years following the first disbursement
Date of Effectiveness: 27/03/2008
Objectives:The project aims at meeting part of the increasing demand for electricity in Sudan as well as developing the
northern regions of the country, through the construction of a dam on the Nile River near the city of Merowe which
is located 350 km north of the capital Khartoum. The project also includes the construction of a hydropower
station with an installed capacity of 1250 MW, and electrical transmission lines from the station to the demand
centers in the northern and central regions of the country.
Description: The project, which is expected to be completed by the beginning of 2010, includes all civil works necessary
to construct the dam with a storage capacity of 12.5 billion m3, a hydropower station, electrical transmission
lines and sub-stations. The project also includes the furnishing and installation of all hydro-mechanical,
electromechanical and electrical equipment required for the dam’s construction and operation, as well as the
provision of consultancy services required for studies and construction supervision. The main components of
the project can be summarized as follows:
1) Dam:
This includes the construction of concrete and embankment sections of the dam on the Nile River channel.
The dam crest will be 9.7 km long and 10 m wide, and its height 60 m above river bed. The dam also includes the
appurtenant structures such as spillway, water intakes and sediment sluices, as well as a hydropower station.
The construction of the dam includes the following major works:
a) Preparatory Works:
This includes the construction of housing facilities for construction supervision and operations personnel,
the construction of 27 km access roads from Karima to the dam site, a loading platform and storage areas
at the nearby railway station.
b) Civil Works:
This includes excavation, fill, drilling and grouting works, and concrete works for the dam and its
appurtenant structures. It also includes all civil works for the hydropower station, as well as all necessary
instrumentation and monitoring equipment for the operation of the dam.
Republic of SudanMerowe Dam
(Supplementary Loan)
Annex 1
Project 7 of 13
53
c) Mechanical Works:
This includes the supply and installation of gates, pipes and related mechanical equipment for the dam and its appurtenant structures.
2) Hydro-Mechanical, Electromechanical and Electrical Works: This includes the following major works:
a) Hydro-Mechanical Works:
This includes the supply and installation of gates, penstocks, cranes and related hydro-mechanical equipment necessary for the control of water, and operation and maintenance of the dam and its appurtenant structures.
b) Electromechanical and Electrical Works for the Power Station:
This includes the furnishing and installation of ten turbines, each rated at 125 MW, and ten 150 MVA generators. It also includes the construction of 500 and 220 kV switchyards, and the supply of the necessary transformers and bus bars, as well as control, protection and monitoring systems.
c) Transmission Lines:
This includes the construction of 500 and 220 kV overhead lines having a total length of 1700 km, as well as seven sub-stations.
3) Consultancy Services:
This includes the consultancy services required to review the conceptual design, prepare the detailed design, and construction supervision.
Financing:The supplementary Arab Fund’s loan covers about 9.9% of the total project cost, and about 39.7% of the financing gap of about KD 146.0 million due to an increase in costs of construction contracts. In addition to the supplementary loan provided by the Arab Fund, the Saudi Fund for Development and the Abu Dhabi Fund for Development will provide loans equivalent to KD 16.2 million and KD 13.5 million, respectively. The Kuwait Fund for Arab Economic Development will also provide a loan of KD 15.0 million. The Government of Sudan will cover the remaining cost of the project and any additional cost that may arise.
54
Loan No.: 522 Interest Rate: 4.5 %
Beneficiary: Jordan Valley Authority Grace Period: 5 years
Project Cost: KD 7.9 million Maturity: 22 years
Amount of Loan: KD 6.0 million Repayment:35 semi-annualinstallments
Date of Loan Agreement: 10/03/2008First Installment:
5 years following the firstdisbursement Date of Effectiveness: 26/03/2008
Objectives:The project aims at reducing poverty and unemployment, and providing permanent residence for the population of Wadi Araba region, by creating small irrigation projects, developing agricultural and animal resources, and supporting related activities. The project also aims at improving the living standards for the inhabitants of the region by developing public utilities, improving health and education services and supporting local activities. This project constitutes the first phase of a comprehensive program aimed at transforming the region from a poor, low-density population area, to one that attracts people and different economic activities, through the utilization of the natural resources available locally.
Description: The project, which is expected to be completed by the end of 2010, consists of drilling and equipping wells, constructing small irrigation networks, rehabilitating and constructing health and educational facilities, as well as rural roads, supporting local society services, availing awareness and agricultural guidance services and training, preparing studies, supervising project execution and providing institutional support for the recipient parties. The project consists of the following main components:
1) Irrigation Works:
This includes equipping 5 existing underground wells, drilling and equipping 20 underground wells including power supply distribution and necessary equipment needed for operating and monitoring wells, preparing land lots and distributing them among farmers, constructing agricultural roads, reservoirs, pumping stations and irrigation networks, and constructing a water intake and equipping it with meters to control water distribution.
2) Public Utilities and Local Community Support:
This includes building additional sections in some schools, rehabilitating, constructing and equipping small health centers, constructing some roads, supplying water tanks and providing equipment to enable local communities to improve their services.
3) Agricultural Awareness:
This includes obtaining non-governmental services, consultancy and experts services to establish and support cooperative societies to advise and coordinate between farmers. This component also includes establishing a center for agricultural awareness and research, acquiring necessary equipment and transport facilities, establishing demonstration farms and veterinary units, as well as supplying necessary equipment related to animal production, and executing training programs for the workers and beneficiaries of the project.
Hashemite Kingdom of JordanComprehensive Development of Wadi Araba Region
(Phase I)
Annex 1Project 8 of 13
55
4) Technical Services and Institutional Support:
This includes necessary technical services for preparing studies, detailed designs and the supervision of project execution, and the preparation of any necessary socio-economic studies to achieve the project objectives. It also includes hiring experts to support the project execution unit and providing institutional support to recipient parties, including necessary equipment required for the maintenance and operation of establishments that will be constructed under the project.
Financing: The Arab Fund’s loan covers about 75.9% of the total project cost. The Jordanian Government will cover the remaining cost of the project and any additional cost that may arise.
56
Loan No.: 524 Interest Rate: 4.5 %
Beneficiary:Al-Samra Electric Power Generating Company
Grace Period: 5 years
Project Cost: KD 32.6 million Maturity: 22 years
Amount of Loan: KD 30.0 million Repayment:35 semi-annualinstallments
Date of Loan Agreement: 10/03/2008First Installment:
5 years following the firstdisbursement
Date of Effectiveness: 21/04/2008
Hashemite Kingdom of JordanAl-Samra Electric Power Generating Station
(Phase III)
Annex 1Project 9 of 13
Objectives:The project represents the third phase of the Al-Samra electric power generating station, located in the Al-Zarqaa Governorate in the Hashemite Kingdom of Jordan. The project aims at satisfying the increasing demand for electric power and energy in the Kingdom, through the supply and installation of a steam turbine generator set, rated at 100 MW, in order to raise the installed capacity of the Al-Samra electric power generating station from 500 MW to 600 MW.
Description: The project, which is expected to be completed by the end of 2010, consists of the supply and erection of two HRSG units, and a steam turbine generator set in order to form, along with the two gas turbines supplied in phase II of the station, a combined cycle plant rated at 300 MW. The project consists of the following main components:
1) Works to Convert the Station to a Combined Cycle 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 100 MW and using natural gas as primary fuel, a 15/400 kV power transformer rated at 150 MVA, in addition to the supply of necessary spare parts and the execution of all associated mechanical and electrical works including those related to the condenser, the water de-mineralizing plant and the cooling tower.
2) Consultancy Services:
This includes 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.
Financing: The Arab Fund’s loan covers about 92.0% of the total project cost. The Jordanian Government will cover the remaining cost of the project and any additional cost that may arise.
57
Objectives:The project aims at upgrading and enhancing air transport services, meeting the increasing demand for air transport of passengers and cargo to and from the Republic of Yemen, and attracting more tourists and investors through upgrading the various facilities of Sana’a international airport.
Description: The project, which is expected to be completed in the first quarter of 2010, constitutes the second phase of Sana’a international airport development and consists of upgrading the current airport in accordance with ICAO standards in order to enable it to receive all types of aircraft. It includes the construction of a new air field and airport buildings, and the provision of all necessary fixtures and systems for servicing passengers and cargo. The project consists of the following main components:
1) Airfield:
This includes all structural and electrical works for the runway, the parallel taxiway, the connectors between the old and the new runways and between the new runway and the apron, four exits, 56 various types of aprons, internal service roads and culvert, in addition to providing lighting and other services to the runway and all buildings.
2) Buildings:
This includes the construction of a technical building which incorporates administration, operating units, technical equipment, maintenance workshops and control tower. This component also includes the construction of a fire fighting building, a radar building, a water tank, and electricity and air control stations.
3) Fixtures and Equipment:
This includes all fixtures and equipment necessary for the airport operations, and for safety and security. It covers navigational aid equipment, approach radars and wire/wireless communication systems, integration systems and microwave, runway lighting and fueling systems.
4) Training and Institutional Support:
This includes providing the Civil Aviation and Meteorology Authority with all needed equipment, navigational aids, systems and softwares, as well as providing it with institutional support to carry out studies, implement training programs, and develop its technical, financial and management systems.
Republic of YemenSanaʼa International Airport Development
(Phase II)
Annex 1Project 10 of 13
Loan No.: 516 Interest Rate: 3.0%
Beneficiary:Civil Aviation and Meteo-rology Authority
Grace Period: 6 years
Project Cost: KD 78.6 million Maturity: 25 years
Amount of Loan: KD 47.0 million Repayment:39 semi-annualinstallments
Date of Loan Agreement: 30/03/2008First Installment:
6 years following the firstdisbursement Date of Effectiveness: 28/05/2008
58
5) Consultancy Services:
This includes providing services for the preparation of plans, designs, specifications and contract documents for the project, and assisting the Authority in prequalifying contractors, evaluating tenders, and in the supervision of the project implementation.
Financing: The Arab Fund’s loan covers about 59.8% of the total project cost. The Yemeni Government will cover the remaining cost of the project and any additional cost that may arise.
59
Loan No.: 520 Interest Rate: 3.0%
Beneficiary: Aden Governorate Grace Period: 5 Years
Project Cost: KD 12.8 million Maturity: 25 years
Amount of Loan: KD 10.0 million Repayment:41 semi-annual installments
Date of Loan Agreement: 30/03/2008First Installment:
5 years following the first disbursement
Date of Effectiveness: 28/05/2008
Republic of YemenDevelopment of the Coastal Road in Aden Governorate
Annex 1Project 11 of 13
Objectives: The project aims at contributing to the economic and social development in the Governorate of Aden through enhancing the road infrastructure network and improving transportation services, in addition to linking the internal and coastal districts of the Governorate.
Description:The project, which is expected to be completed during the third quarter of 2010, involves all necessary civil works to widen and rehabilitate the existing 8 km long coastal road. The project also includes the construction of two bridges and a cloverleaf interchange, the provision of the necessary consultancy services and institutional support. The project consists of the following major components:
1) Execution of Works: This includes the following works:
a) The Coastal Road:
This includes all civil works needed to widen and rehabilitate the coastal road connecting Kormaksser and Almansora in Aden Governorate. The road has a total length of about 8 km and will consist of 8 travelling lanes, 4 in each direction with 3.6 m width for each lane, 2.5 m shoulders on each side, in addition to concrete structures, storm drainage network and all ancillary works.
b) Cloverleaf Interchange:
This includes all civil works necessary to construct two bridges with 3 lanes each, and a cloverleaf interchange at the Caltex intersection. It also includes excavation, backfilling, concrete structures, asphalting and all ancillary works needed to ensure traffic safety.
2) Consultancy Services:
This includes the provision of the necessary consultancy services required for preparing design drawings, tender documents and design review, as well as assisting in the qualification of contractors, analyzing submitted bids and project supervision.
3) Institutional Support:
This includes providing the Aden Governorate with computers and the required equipment to conduct the necessary maintenance of the project.
Financing: The Arab Fund’s loan covers about 78.1% of the total project cost. The Government of Yemen will cover the remaining cost of the project and any additional cost that may arise.
60
Objectives:The project aims at raising the health status of the population and improving the environmental conditions in several areas in Aden Governorate. This will be achieved through the construction and rehabilitation of water and wastewater facilities in these areas. The project will minimise the environmental pollution, improve the effluent quality of the wastewater treatment plants, reduce leakage of drinking water and seepage from sewers. The project will also improve the water and wastewater services to the population, enhance the urban planning and support the investment climate in Aden Governorate.
Description: The project, which is expected to be completed by the end of 2011, consists of the following major components:
1) Reservoirs, Water and Wastewater Networks:
a) Reservoirs:
This includes construction of water reservoirs at Jabal Hadeed in Khormaksar with a total capacity of about 10000 m3, and a water distribution pipeline with a diameter of around 300 mm and a length of about 3 km.
b) Water and Wastewater Networks in the Site of the Housing Societies:
This includes construction of water networks with diameters ranging from 150 to 400 mm and with a length of about 58 km, and main sewers with diameters ranging from 300 to 500 mm and with a length of about 23 km.
c) Water and Wastewater Networks in Bareigah:
This includes construction of water networks with diameters ranging from 32 to 400 mm and with a length of about 42 km, and sewers with diameters ranging from 150 to 600 mm and with a length of about 22 km.
d) Wastewater Networks in Ma’alla and Khormaksar:
This includes construction of sewers with diameters ranging from 110 to 250 mm and with a length of about 10 km, and construction of 4 pumping stations needed to transfer the collected wastewater to the treatment plants.
2) Wastewater Treatment Plants:
This includes rehabilitation and improvement of the facilities in all three wastewater treatment plants located at Al-Areish, Ash-Sha’ab and Salah Addein in Aden Governorate.
Republic of YemenDevelopment of Water and Wastewater Facilities in Aden Governorate
Annex 1Project 12 of 13
Loan No.: 526 Interest Rate: 3.0%
Beneficiary:Local Water and Sanita-tion Corporation in Aden Governorate (LWSCA)
Grace Period: 6 years
Project Cost: KD 11.9 million Maturity: 25 years
Amount of Loan: KD 10.0 million Repayment:39 semi-annualinstallments
Date of Loan Agreement: 30/03/2008First Installment:
6 years following the firstdisbursement Date of Effectiveness: 09/09/2008
61
3) Technical Services and Institutional Support:
a) Technical Services:
This includes preparing studies, final detailed design and tender documents. It also includes pre-contract and construction supervision services.
b) Institutional Support:
This includes preparing studies needed to improve the performance of the corporation, procurement of equipment and tools needed to operate and maintain the water and wastewater facilities, in addition to conducting training programs for the local staff.
Financing:
The Arab Fund’s loan covers about 84.0% of the total project cost. The Yemeni Government will cover the remaining cost of the project and any additional cost that may arise.
62
Objectives:The project aims at developing and improving transport services on the main road network of the country, through strengthening and rehabilitating the main arterial road that connects the capital Nouakchott to the city of Nema, known as Al-Amal road. The project also aims at promoting trade between different regions of the country, and between Mauritania and its neighboring countries. The project is expected to contribute to the development of areas adjacent to the road, integrate isolated localities and improve the living conditions of their inhabitants, improve accessibility to basic services and reduce traffic accidents.
Description:The project, which is expected to be completed in the second quarter of 2011, consists of the rehabilitation and strengthening of two sections of Al-Amal road; the second section extending from Boutilimit to Aleg with a total length of approximately 125 km and the fourth section extending from Kiffa to Tintane with a total length of approximately 145 km, in addition to road works for a total length of about 25 km required to channel the road outside towns.
The main components of the project are:
1) Civil Works:
The civil works consist of removing the old asphalt layer, mixing and re-integrating it with the foundation layer, applying a new layer of hot asphalt concrete (thickness of 5 cm over width of 7 m), removing and rebuilding some parts of the road, in addition to strengthening and rebuilding of 1.5 m wide shoulders on each side of the road, maintenance and rebuilding of drainage structures and ancillary works related to traffic safety.
2) Consultancy Services:
This component includes: (a) the provision of consultancy services to assist the Ministry in the bidding and selection of contractors, the analysis of technical and financial offers, overseeing of the implementation of the project; (b) study of the road extension from Tintane to Nema (estimated length: about 350 km) and the road from Nema to Pascno and Fassala (estimated length: about 220 km). These studies include the preparation of road design, tender documents, in addition to any other studies required to complete the project.
3) Institutional Support:
This component includes the provision of institutional support for the management of transport infrastructure through conducting training courses for employees, expert services and the supply of computers to the Ministry.
Islamic Republic of Mauritania Rehabilitation of Al-Amal Road
(Sections II and IV)
Annex 1Project 13 of 13
Loan No.: 531 Interest Rate: 2.5%
Beneficiary: Ministry of Transport Grace Period: 7 years
Project Cost: KD 37.1 million Maturity: 25 years
Amount of Loan: KD 19.0 million Repayment:37 semi-annual installments
Date of Loan Agreement: 02/07/2008First Installment:
7 years following the first disbursement
Date of Effectiveness: -
63
Financing:The Arab Fund’s loan covers about 51.2% of the total project cost. The Abu Dhabi Fund for Development is expected to provide a loan to finance the second section of the road. The Government of Mauritania will cover the remaining cost of the project and any additional cost that may arise.
64
Years Capital Total Resources Income Administrative
ExpensesSurplus Income
Amount of Loan According to
Board Resolution
Date of Signature
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 37.1 37.11975 52.0 57.4 3.7 0.9 2.8 56.1 56.11976 99.6 108.5 5.9 1.5 4.4 98.2 98.21977 131.9 145.7 10.3 2.1 8.2 103.9 103.91978 164.9 186.2 11.3 2.2 9.1 - -
1979 202.7 225.8 14.7 2.0 12.7 26.2 19.41980 260.7 313.2 22.1 2.2 19.9 26.1 30.21981 317.5 393.3 26.8 2.1 24.7 56.8 40.51982 374.2 482.9 36.7 2.4 34.3 72.0 67.31983 450.1 598.4 40.2 3.2 37.0 76.4 91.11984 520.5 680.4 40.2 2.9 37.3 93.1 85.61985 581.1 797.4 61.0 3.2 57.8 81.1 53.21986 642.2 960.5 113.8 3.2 110.6 66.9 104.51987 644.2 1,009.3 53.9 3.2 50.7 106.3 65.41988 644.3 1,062.0 80.0 2.9 77.1 100.8 112.91989 663.0 1,176.2 103.7 3.0 100.7 151.0 165.81990 663.0 1,236.7 68.9 3.2 65.7 203.7 195.01991 663.0 1,245.2 74.4 3.7 64.9 180.2 171.41992 663.0 1,344.4 116.7 3.2 104.7 183.5 175.71993 663.0 1,424.9 99.5 3.1 85.0 208.5 184.51994 663.0 1,421.5 2.8 3.3 -0.4 187.9 194.41995 663.0 1,495.3 117.2 3.4 80.6 263.5 207.51996 663.0 1,584.8 98.5 4.0 94.4 212.0 266.41997 663.0 1,675.0 105.4 4.1 96.1 281.0 244.11998 663.0 1,747.8 83.8 4.7 77.9 280.0 258.01999 663.0 1,828.7 95.3 4.7 86.6 239.0 266.02000 663.0 1,933.2 81.4 4.7 76.7 292.5 279.52001 663.0 1,983.9 53.6 4.9 48.7 276.0 285.02002 663.0 2,054.4 34.2 4.9 78.6 352.0 293.52003 663.0 2,169.8 129.2 4.9 122.4 400.0 308.52004 663.0 2,266.0 119.3 5.2 113.2 282.0 309.02005 663.0 2,354.5 108.4 5.9 102.6 254.0 335.02006 663.0 2,451.1 126.5 6.6 119.6 434.0 345.02007 663.0 2,535.0 117.3 6.0 111.2 493.0 368.02008 2,000.0* 2,513.4 6.0 6.7 -0.9 400.0 366.8Total 2,000.0 2,513.4 2,267.2 125.8 2,117.9 6,574.8 6,184.5
Capital, Resources & Status of Loans and Grants1972 - 2008
(KD Million)
Annex 2Page 1 of 2
* Capital was increased according to the Board of Governors' Resolution No. 7 of 2008, by transferring KD 1336.96 million from additional reserve to paid-up capital.
65
Capital, Resources & Status of Loans and Grants1972 - 2008
(KD Million)
Annex 2Page 2 of 2
No. of Loans*
Average Amount of Loan*
Loan Disbursements Repayments Grants Grant
Disbursements
No. of Member States
No. of Beneficiary
States
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 68
536 11.5 4,096.0 1,863.2 145.4 107.2 - - -
* Based on the date of signature of the loan agreement.
66
0400
800
1200
1600
2000
2400
2800
1972
1976
1980
1984
1988
1992
1996
2000
2004
2008
Res
erve
sC
apita
l
Gro
wth
in A
rab
Fund
Res
ourc
es D
urin
g th
e Pe
riod
19
72
- 2
00
8
(KD
MIll
ion)
67
0
250
500
750
1000
1250
1500
1750
1978 - 1974 1983 - 1979 1988 - 1984 1993 - 1989 1998 - 1994 2003 - 1999 2008 - 2004
LoansDisbursements
0
1000
2000
3000
4000
5000
6000
7000
1974 1978 1983 1988 1993 1998 2003 2008
Cumulative LoansCumulative Distbursements
Cumulative Loans and Disbursements During the Period 1974 - 2008
(KD Million)
Loans and Disbursements During the Period 1974 - 2008
(KD Million)
68
Summary of LoansExtended to Member States, 1974 - 2008
(KD Million)
Annex 3
Beneficiary States
No. of Loans Amount of Loans Effective Loans and Disbursements
% D
isbu
rsem
ents
to
Effe
ctiv
e Lo
ans
Appr
oved
Net
Appr
oved
Canc
elle
d
Net
% N
et L
oans
Effec
tive
Loan
s
Dis
burs
emen
ts
1 Hashemite Kingdom of Jordan
41 40 443.2 34.8 408.4 7.2 408.4 346.3 84.8
2 Republic of Tunisia 45 45 526.8 24.4 502.3 8.8 502.3 385.9 76.8
3 Algerian Democratic and People's Republic
26 25 395.3 112.5 282.8 5.0 282.8 282.8 100.0
4 The Republic of Sudan 31 30 398.8 12.8 385.9 6.8 385.9 286.6 74.3
5 Republic of Iraq 10 9 59.7 10.6 49.1 0.9 36.4 19.6 53.7
6 Syrian Arab Republic 46 45 566.0 28.4 537.5 9.4 537.5 415.4 77.3
7 Socialist People's Libyan Arab Jamahiriya
9 8 175.7 33.2 142.5 2.5 142.5 123.5 86.7
8 Arab Republic of Egypt 45 44 848.2 88.8 759.4 13.3 759.4 570.7 75.1
9 Republic of Yemen 85 83 611.7 19.6 592.1 10.4 562.1 369.5 65.7
10 Republic of Lebanon 24 24 387.0 11.1 375.9 6.6 290.9 172.6 59.3
11 Kingdom of Morocco 56 55 831.9 77.7 754.2 13.3 739.2 564.8 76.4
12 Kingdom of Bahrain 18 17 241.5 13.5 228.0 4.0 209.0 171.4 82.0
13 Somali Democratic Republic
12 11 40.7 2.8 37.9 0.7 37.9 23.8 62.8
14 Islamic Republic of Mauritania
43 43 297.7 2.8 295.0 5.2 266.0 188.6 70.9
15 Sultanate of Oman 23 23 297.5 15.9 281.6 4.9 281.6 131.3 46.6
16 Palestine 5 5 17.0 2.2 14.8 0.3 14.8 14.4 96.8
17 Republic of Djibouti 17 15 46.0 4.6 41.4 0.7 41.4 28.9 69.7
536 522 6,184.5 495.5 5,689.0 100.0 5,498.3 4,096.0 74.5Total
69
Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2008
(KD Million)
Annex 4
Beneficiary States
Infrastructure Sectors Productive Sectors
Soci
al S
ervi
ces
Sect
ors*
Oth
er S
ecto
rs**
Gra
nd T
otal
Perc
enta
ge
Tran
spor
t
Tele
com
mun
icat
ion
Ener
gy a
nd
Elec
tric
Pow
er
Wat
er a
nd
Sew
erag
e
Agric
ultu
re
and
Rura
l D
evel
opm
ent
Indu
stry
and
M
inin
g
1 Hashemite Kingdom of Jordan
36.6 6.0 193.9 8.8 121.4 18.0 58.0 0.5 443.1 7.2
2 Republic of Tunisia 171.8 4.7 78.8 59.9 144.0 37.0 25.0 5.6 320.8 8.5
3 Algerian Democratic and People's Republic
45.0 7.8 147.0 30.0 77.3 10.0 70.0 8.2 395.3 6.4
4 The Republic of Sudan 94.6 7.7 142.5 14.3 115.5 24.2 - - 398.8 6.4
5 Republic of Iraq - 5.0 8.5 - 8.0 18.8 - 19.4 59.7 1.0
6 Syrian Arab Republic 53.0 60.7 253.0 47.5 86.1 52.1 13.0 0.6 566.0 9.2
7
Socialist People's Libyan Arab Jamahiriya
- 12.5 127.2 - - 36.0 - - 175.7 2.8
8 Arab Republic of Egypt 73.0 - 470.4 101.0 - 118.4 83.4 2.0 848.1 13.7
9 Republic of Yemen 214.9 8.9 147.9 97.6 63.3 18.0 52.1 9.0 611.7 9.9
10 Republic of Lebanon 83.0 - 115.5 52.0 31.0 - 71.5 34.0 387.0 6.3
11 Kingdom of Morocco 299.0 4.0 85.5 80.3 320.5 9.0 33.0 0.6 831.9 13.5
12 Kingdom of Bahrain 50.5 6.0 54.0 36.0 - 25.0 70.0 - 241.5 3.9
13 Somali Democratic Republic
16.5 2.9 6.8 5.0 9.5 - - - 40.7 0.7
14 Islamic Republic of Mauritania
70.8 11.1 68.8 97.9 10.3 19.3 4.5 15.0 297.7 4.8
15 Sultanate of Oman 158.5 3.0 22.0 45.0 3.0 6.0 - 60.0 297.5 4.8
16 Palestine 5.0 - - - 6.0 - 6.0 - 17.0 0.3
17 Republic of Djibouti 4.5 5.9 13.0 - 1.9 0.7 20.0 - 46.0 0.7
1,376.7 146.2 1,934.8 675.3 997.8 392.5 506.5 154.8 6,184.5 100. 0
Percentage 22.2 2.4 31.3 10.9 16.1 6.4 8.2 2.5 100.0
* Include Education, Health, Housing and Social Development.
** Include Loan Commitments for Emergency Projects.
Total
70 0100
200
300
400
500
600
700
800
900
Jord
an
Tran
spor
tTe
leco
mm
unic
atio
nsEn
ergy
& E
lect
ric P
ower
Wat
er &
Sew
erag
eA
gric
ultu
re &
Rur
al D
evel
opm
ent
Indu
stry
& M
inin
gSo
cial
Ser
vice
sO
ther
Tuni
sia
Alg
eria
Suda
nIra
qSy
riaLi
bya
Egyp
tY
emen
Leba
non
Mor
occo
Bah
rain
Som
alia
Mau
ritan
iaO
man
Pale
stin
eD
jibou
ti
Sect
oral
Dis
trib
utio
n of
Loa
ns A
mon
g Be
nefic
iary
Sta
tes,
19
74
- 2
00
8
(KD
Mill
ion)
71
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 1 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(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 5,700
19 Jordan-Egypt Power Link* 233/89 10,500 - - 10,500 7,680
20 Supporting Operations of Jordan Electricity Authority and the Jordan Phosphate Mines Co.*
239/90 8,000 - - 8,000 5,928
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 7,716
23 Second Agricultural Credit for Income Diversification*
283/93 2,500 - - 2,500 1,125
24 King Abdallah Teaching Hospital* 285/93 10,000 399 - 9,601 4,993
25 Aqaba Power Station Phase II and Reinforcement of Internal Transmission Lines*
301/94 35,000 - - 35,000 16,000
26 Interconnection of Jordan and Syria Power Grids (Jordan)*
311/95 19,500 - - 19,500 7,735
27 Aqaba Thermal Power Station (Phase III)* 320/95 26,000 - - 26,000 11,100 28 Hwarat-Abu Zeighan Irrigation Water Pipeline* 333/96 1,900 595 - 1,305 591 29 Infrastructure Development in the Poor Areas* 358/97 6,000 446 - 5,554 1,086 30 Integrated Development in the Southern Ghors* 359/97 34,000 11,395 113 22,605 7,405
31 Integrated Development in the Southern Ghors (Phase II - Mujib Dam)*
365/98 12,000 - - 11,498 2,875
32 King Abdallah Teaching Hospital (Second Loan)* 371/98 15,000 29 - 14,971 4,051 33 Prince Hamza Hospital* 386/99 23,000 8,150 333 13,362 2,850 34 Al-Wehdah Dam* 394/2000 35,000 - 2,365 27,495 -
35 Education Reform - School Buildings 444/2003 10,000 - 637 9,459 280
* Completed Project. ** Fully Cancelled Loan.
72
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 2 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(1) Hashemite Kingdom of Jordan
36 Amman Development Corridor (Section I) 455/2003 12,000 - 2,483 2,483 -
37 Al-Samra Power Generating Station* 462/2004 21,000 - 119 21,000 -
38 Amman Development Corridor - Phase I (Second Loan)
499/2006 10,000 - - - -
39 Al - Samra Power Generating Station (Phase II)*
515/2007 20,000 - 8,040 20,000 -
40 Comprehensive Development of Wadi Araba Region (Phase l)
522/2007 6,000 - 750 750 -
41 Al-Samra Electric Power Generating Station (Phase lII)
524/2007 30,000 - 2,737 2,737 -
Subtotal 443,150 34,762 17,578 346,322 147,922
(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 Binzert 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 and Agricultural Development*
91/82 3,500 1,628 - 1,872 1,872
10 Fifth Pan-Arab Telecommunications (Earth Stations)*
101/82 1,000 3 - 997 997
11 Water Supply for the Central and Southern Coastal Areas*
115/83 4,000 1,489 - 2,511 2,511
12 Mornag Agriculture* 123/83 1,500 133 - 1,367 1,367
13 Burj Tomi, Mater and Sajnan Irrigation* 144/84 6,000 2,700 - 3,300 3,300
14 Mitigation of Earthquake Risks* 149/84 575 48 - 527 527
15 Integrated Rural Development (Phase I)* 166/85 14,000 - - 14,000 14,000
16 Northern Roads Development* 190/87 7,000 - - 7,000 7,000
17 Monastir Fishery Port* 195/87 1,300 72 - 1,228 1,228
18 Al-Qairawan Plain Irrigation* 207/88 5,500 2,079 - 3,421 2,851
19 Tunis Municipality Road Rehabilitation* 213/88 2,700 - - 2,700 2,233
20Rehabilitation and Maintenance of the Phosphoric Acid and Fertilizers Company's Factories*
228/89 16,000 - - 16,000 12,339
21 Hammamat-Masaken Motorway* 242/90 20,000 - - 20,000 14,400
22 Tunisia-Libya Power Link* 243/90 17,800 - - 17,800 4,320
23 Maintenance of Flood-damaged Roads* 253/90 5,000 1,049 - 3,951 2,871
24 Sidi El-Barraq Dam Project for Potable Water and Irrigation*
273/92 20,000 3,217 - 16,783 8,783
25 Integrated Rural Development (Phase II)* 293/94 21,000 372 - 20,628 10,173
26 Roads Development* 296/94 10,000 - - 10,000 4,845
* Completed Project.
73
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 3 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(2) Republic of Tunisia
27 University Buildings in Gafsa* 321/96 10,000 2,119 - 7,881 3,217
28 Al-Wakael Project (Phase III)* 328/96 5,000 254 - 4,746 1,953
29 Zarqa Dam and the Irrigation of Tbarqa and Mekna Plains*
338/96 13,000 - 119 9,136 3,125
30 Hima, Abeed, Rumail and Al-Bark Dams for Irrigation*
348/97 22,000 - 200 15,440 5,375
31 Supporting the Vocational Training and Employ-ment Programs*
361/97 11,000 134 - 10,866 2,616
32 Improvement of the Roads Network and Rural Roads Development*
374/98 35,000 30 - 34,970 7,970
33 Tunis - Bizerte Motorway* 382/99 24,000 4,877 - 19,123 3,723
34 El-Kebir and El-Maoula Dams 391/99 28,000 - 4,361 17,269 -
35 Development of the Industrial Parks 402/2000 14,000 - - 9,224 2,125
36 Tunis - Mejez El-Bab Motorway 405/2000 25,000 - 282 22,713 2,840
37 Developmental Credit Lines* 413/2001 11,000 2,000 - 9,000 1,410
38 Construction of Six Dams in the North to Supply Potable Water
428/2002 32,000 - 3,146 9,410 -
39 Modernization of the Transmission Network 443/2003 30,000 - 3,220 24,509 -
40 Sarrat Dam and Irrigation of Oulad Bou Ghanem and Mahjouba Plains
459/2004 12,000 - 379 379 -
41 Al-Wakael Project (Phase IV) 464/2004 4,000 - 154 1,133 -
42 Regional and Rural Roads Network 483/2005 16,000 - 6,454 11,070 -
43 Wadi Al-Kabir Dam in Gafsa Province 490/2006 3,000 - - - -
44 Ghannoush Combined Cycle Power Generating Station
494/2006 25,000 - 7,168 7,168 -
45 Regional and Rural Roads Network (Phase II) 518/2007 22,000 - 2,099 2,099 -
Subtotal 526,775 24,441 27,582 385,885 155,634
(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 3,376
7 Fifth Pan-Arab Telecommunications (Earth Stations)*
102/82 1,000 - - 1,000 1,000
8 The Mitigation of Earthquake Risks (First Loan)* 117/83 4,700 3,704 - 996 9969 Agricultural Credit* 140/84 6,000 - - 6,000 6,00010 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
* Completed Project.
74
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 4 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans
and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(3) Algerian Democratic and People´s Republic
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 28,524
21 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 7,40126 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 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 1,660
15 Rehabilitation of Telecommunications (Phase I)* 180/86 1,600 - - 1,600 1,472 16 Rehabilitation of the Sugar Industry (Third Loan)* 181/86 3,400 - - 3,400 770
17 Rehabilitation of Gezira Agricultural Scheme (Third Loan)*
182/86 9,600 - - 9,600 3,240
18 National Power Grid* 198/87 8,500 - - 8,500 3,124
19 Port Sudan Water Supply* 206/87 10,000 5,000 - 5,000 1,280
20 Textiles Rehabilitation* 208/88 4,500 3,765 - 735 735
21 Paving of the Main Roads* 392/2000 23,000 - - 23,000 2,480
* Completed Project. ** Fully Cancelled Loan.
75
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 5 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(4) Republic of Sudan
22 Roseires Dam* 393/2000 12,000 - - 12,000 1,30023 Atbara - Haiya - Port Sudan Road* 410/2001 25,000 - - 25,000 -
24 Merowe Dam 422/2002 46,000 - 7,308 46,000 -
25 Generation and Transmission of Electricity from Merowe Dam*
448/2003 30,000 - 7,372 29,835 -
26 Gadaref-Doka-Gallabat Road 457/2003 9,000 - 341 8,492 -
27 Merowe Dam Road 474/2005 4,000 - - 1,534 -
28 The White Nile Sugar Project 476/2005 21,000 - 2,794 18,782 -
29 Heightening of Roseires Dam (Phase II) 521/2007 58,000 - 3,338 3,338 -
30 Merowe Dam (Supplementary Loan) 528/2008 58,000 - 18,697 18,697 -
31 Al Salam Cement Factory (P) 8P/2008 2,778 - 2,778 2,778 -
Subtotal 398,778 12,848 42,628 286,609 81,878
(5) Republic of Iraq
1 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
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
76
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 6 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(6) Syrian Arab Republic
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 56413 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 2,575
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 1,638
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
20 Hamah-Saraqeb Road and Ain Eissa-Qintari Road*
214/88 8,000 31 - 7,969 6,373
21 Homs and Hama Sewerage* 241/90 9,500 1,944 - 7,556 6,206 22 Aleppo Sewerage* 245/90 12,500 5,434 - 7,066 6,659
23 Rehabilitation of Phosphate Fertilizer Plant in Homs*
246/90 10,000 1,082 - 8,918 6,749
24 Khaboor Irrigation (Phase I)* 250/90 15,000 1,281 - 13,719 10,209 25 Jourine Joint Water Supply* 260/91 5,500 1,598 - 3,902 2,810 26 Phosphate Fertilizers in Tadmur 265/92 30,000 - - - -
27 Medical Equipment in Hospitals* 271/92 13,000 23 - 12,977 7,377
28 Southern Region Agricultural Development Project (Phase II)*
274/92 3,500 909 - 2,591 1,537
29 Tishrin Hydroelectric Dam* 279/93 36,000 3,054 - 32,946 18,996 30 Rehabilitation of Sulphuric Acid Plant in Homs* 287/93 6,000 739 - 5,261 4,331 31 Zeizoun Power Generating Station* 291/93 30,000 - - 29,214 17,010 32 Agricultural Development in Jabal Al-Hoss* 307/95 2,500 - - 1,668 400
33 Interconnection of Jordan and Syria Power Grids (Syria)*
312/95 30,000 - 537 26,115 11,830
34 Syria-Turkey Power Grid Interconnection and Reinforcing the Syrian Internal Network*
314/95 26,000 - 119 23,064 6,320
35 Construction of 66 kV Substations in Six Governorates*
319/95 15,500 - -226 10,808 3,360
36 Agricultural Development in the Coastal and Central Areas
327/96 17,500 - 34 10,941 1,600
37 Modernization of the Communications System in Syria (1.650 million new lines)*
351/97 26,000 - 27 21,947 7,400
38 National Control Center for the Electric System 366/98 10,000 - 266 7,358 1,62539 Integrated Development in the Badia 368/98 20,000 - 1,595 9,607 2,310 40 Lattakia - Ariha Motorway 379/98 30,000 - 2,358 23,631 6,880
41 Modernization of the Communications System (Subscribers' Networks)*
384/99 30,000 - 5,000 23,788 5,130
42 The Expansion and Conversion to Combined Cycle of Nasrieh Power Plant *
409/2001 25,000 - 63 9,257 -
43 Transformation Stations in the Industrial Cities of Rif Dimashq, Homs and Aleppo Provinces
429/2002 9,000 - - 7,242 250
44 Rural Development in Idlib Governorate 433/2002 5,500 - 142 145 -
* Completed Project. ** Fully Cancelled Loan.
77
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 7 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(6) Syrian Arab Republic
45 Converting Zeizoun Power Station to Combined Cycle* 440/2003 22,000 - - 9,727 -
46 Power Generating Station in the South (Deir Aly) 469/2004 30,000 - 13,885 22,385 -
Subtotal 565,975 28,431 23,799 415,442 210,875
(7) Socialist People´s Libyan Arab Jamahiriya
1 Two Fish Packaging Plants in Sabrata and Zlaiten*
240/90 11,000 1,867 - 9,133 5,461
2 Libya-Tunisia Power Link * 244/90 2,200 784 - 1,416 454
3 Interconnection of the Libyan and Egyptian Power Grids (Libya)*
326/96 12,000 2,590 - 9,410 4,580
4 National Control Center for the Libyan Electrical System
329/96 20,000 - 641 17,755 -
5 Submarine Fiber Optic Cable* 369/98 12,500 2,932 - 9,568 9,5686 Development Credit** 385/99 25,000 25,000 - - -
7 Converting North Benghazi Electrical Power Plant to Combined Cycle*
398/2000 25,000 - 922 25,000 760
8 Conversion of Al-Zawya Power Station to Combined Cycle
437/2002 28,000 - 1,293 22,012 750
9 Electrical Inter-Connection at 400 kV (Phase II) 458/2004 40,000 - 3,740 29,206 -
Subtotal 175,700 33,173 6,596 123,500 21,573
(8) Arab Republic of Egypt
1 Talkha II Fertilizers (First Loan)* 4/74 6,500 - - 6,500 6,500
2 Tourah Cement Expansion* 11/75 6,700 - - 6,700 6,260
3 Cairo-Fustat Water Supply* 17/75 9,700 1,806 - 7,894 7,894
4 Cairo-Helwan Sewerage* 18/75 8,300 7,603 - 697 697
5 Talkha II Fertilizers (Supplementary Loan)* 24/76 2,700 6 - 2,694 2,364
6 Abu-Qir Power Station Extension* 28/76 12,000 3,041 - 8,959 8,959
7 Kafr El-Dawar Textiles* 30/76 10,000 - - 10,000 7,707
8 Suez Canal Development* 40/77 12,000 - - 12,000 9,687
9 Dumyat Power Station (Phase II)* 221/89 35,000 700 - 34,300 22,925
10 Idfu Wood Pulp Plant Extension* 229/89 7,500 632 - 6,868 4,116
11 Egypt-Jordan Power Link* 234/89 34,100 3,339 - 30,761 20,877
12 Soda Ash Plant (First Loan)* 238/90 7,000 - - 7,000 4,140
13 Ammonium Nitrate Unit* 247/90 8,000 - - 8,000 4,920
14 Kureimat Power Station* 254/91 36,250 3,585 - 32,665 19,405
15 Rubber Tires and Tubes Factory Extension* 255/91 10,500 - - 10,500 5,400
16 Social Development Fund (Phase I)* 256/91 14,400 11 - 14,389 7,359
17 Sewerage Projects in 46 Towns* 270/92 36,000 14,732 - 21,268 13,128
18 Sidi-Kreir Thermal Power Station* 272/92 44,000 6,363 - 37,637 14,937
19 Mitigation of Earthquake Risks* 275/92 2,000 1 - 1,999 935
* Completed Project. ** Fully Cancelled Loan.
78
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 8 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(8) Arab Republic of Egypt
20 Reconstruction of Earthquake- damaged Schools*
276/93 15,000 - - 15,000 6,570
21 Suez Transformers Station* 278/93 16,000 733 - 15,267 7,140
22 Rehabilitation of Phosphatic Fertilizers Plant in Abu Zaabal*
284/93 4,000 242 - 3,758 2,107
23 Electric Insulations Plant* 286/93 4,500 484 - 4,016 2,79524 Float Glass Plant* 292/94 15,000 384 - 14,616 14,61625 Soda Ash Plant (Second Loan) 295/94 4,000 82 - 3,918 2,99826 Oyun Moussa Power Station* 309/95 39,000 8,600 - 30,400 10,43227 Construction of a Special Steel Factory* 318/95 15,000 409 - 14,591 4,24128 Social Development Fund (Phase II)* 346/97 21,000 - - 21,000 2,26829 The Liver Diseases Center 362/98 3,000 - - - -
30 Construction of a Flat Steel Plant* 372/98 17,000 79 - 16,921 4,909
31 Upgrading the Egyptian National Railroads Authority’s Locomotives and Workshops
399/2000 16,000 - 6,630 11,952 401
32 Cairo North Power Generation Station* 407/2001 27,000 1,707 - 25,293 -
33 Water Supply for 240 Villages Deprived of Potable Water - Phase I
420/2001 17,000 - 2,558 3,697 -
34 Natural Gas Pipeline (Al-Arish - Aqaba)* 427/2002 17,000 4,224 - 12,776 2,53935 Nubaria Power Station - Phase I 434/2002 30,000 - 1,240 24,586 -
36 Nubaria Power Station - Phase II 438/2003 30,000 - 2,231 23,157 -
37 Educational Buildings** 442/2003 30,000 30,000 - - -
38 Water Supply for 240 Villages Deprived of Potable Water - Phase II
432/2002 30,000 - 3,478 22,871 -
39 Talkha Combined Cycle (750 M.W.) Power Generation Station
461/2004 30,000 - 1,951 26,209 -
40 Development of the Waterway Between Cairo and Alexandria
472/2005 10,000 - - 1 -
41 Expansion of West Cairo Power Generation Station
484/2005 30,000 - 3,923 9,030 -
42 Development of Hurghada International Airport 488/2006 35,000 - - - -
43 Al-Atf Power Generating Station 492/2006 30,000 - 9,491 10,778 -
44 Expansion of Abu Qir Power Generating Station 1300 MW
513/2007 30,000 - - - -
45 Expansion of Abu Qir Power Generating Station 1300 MW (Second Loan)
525/2007 30,000 - - - -
Subtotal 848,150 88,762 31,502 570,670 229,227
(9) Republic of Yemen
1 Mukalla Multipurpose* 1/74 3,200 - - 3,200 3,200
2 Electric Power I* 7/74 4,000 - - 4,000 4,000
3 Aden Port Rehabilitation* 12/75 3,900 - - 3,900 3,900
4 Hodeida Water Supply and Sewerage* 13/75 6,000 727 - 5,273 5,273
5 Taiz-Aden Road* 22A/76 3,800 - - 3,800 3,800
6 Aden-Taiz Road* 22B/76 6,500 - - 6,500 6,500
7 Mukalla Multipurpose (Supplementary Loan)* 27/76 2,600 1,904 - 696 696
* Completed Project. ** Fully Cancelled Loan.
79
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 9 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(9) Republic of Yemen
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* 56/ 80 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
21 Fifth Pan-Arab Telecommunications (Earth Stations)*
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
24 Electric Power III Development (Electrification of Five Towns East of Mukalla)*
122/83 1,500 - - 1,500 1,500
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 2,604 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 Northern Yemen*
132/84 1,200 151 - 1,049 1,049
31 Geological and Water Mapping of Southern 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 - 599 575 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 1,415
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 3,570
* Completed Project. ** Fully Cancelled Loan.
80
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 10 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(9) Republic of Yemen
44 Strengthening Sana’a-Hodeida Road* 199/87 6,800 - - 6,800 6,800
45 Lawder-Mukairas Road and Road Maintenance*
204/87 5,500 113 - 5,387 5,387
46 The FMDC and 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 1,664
48 Northern Region Agricultural Development* 215/88 3,500 38 - 3,462 1,676
49 Yemen Power Link Taiz-Aden* 217/88 8,600 24 - 8,576 4,418
50 Yemen Power Link Aden-Taiz* 218/88 10,000 - - 9,938 5,670
51 Al-Mukalla Water Supply* 220/88 2,850 20 - 2,830 1,790
52 Integrated Rural Development in the Central Highlands*
222/89 3,500 254 - 3,246 1,196
53 Agricultural Credit* 230/89 5,500 8 - 5,492 2,823
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 1,495 56 Electricity Distribution Network (Second Loan)* 251/90 4,500 146 - 4,354 1,801
57 SEA-ME-WE II Submarine Cable Project (Second Loan)*
268/92 5,000 1,905 - 3,095 1,575
58 Rehabilitation of Flood-damaged Electricity, Water and Sewerage Facilities in Aden*
288/ 93 2,500 23 - 2,477 1,097
59 Sana’a Sewerage Treatment Plant* 322/96 8,000 1 31 7,999 2,539 60 Social Development Fund* 350/97 6,000 - - 6,000 810
61 Wadi Hadramaut Agricultural Development Project (Phase III)*
357/97 4,000 - 414 3,070 102
62 Sanitation Networks in Sana’a 383/99 18,000 - 427 10,883 3,788 63 Sayhut - Nashtoun Road* 403/2000 26,000 - - 15,684 408 64 Sana’a International Airport Development 411/2001 28,000 - 1,055 8,982 1,430 65 Social Development Fund - Phase II* 425/2002 15,000 - - 15,000 -
66 Grain Silos and Flour Mills at Saleef Port (P)* 2P/2002 3,000 - - 3,000 2,430
67 Ma’rib - Sana’a Transmission Lines at 400 k.V. and Upgrading the Electrical Grid
435/2002 30,000 - 6,027 20,471 -
68 Dhamar - Al-Husseiniya Road 445/2003 15,000 - 1,665 6,084 -
69 Construction of Ma’rib Gas-Turbine Electrical Generating Station
447/2003 25,000 - 261 21,244 -
70 Major Intersections in Sana’a City 453/2003 15,000 - 4,247 9,026 -
71 Grain Silos and Flour Mills at Saleef Port (Supplementary Loan) (P)*
3P/2004 2,000 - - 2,000 450
72 Completion of Sanitation Networks in Sana’a 463/2004 12,000 - 2,693 7,956 -
73 Five-Star Hotel in Sana’a (P)* 4P/2004 6,000 - - 6,000 920 74 Rural Access Roads 467/2004 26,000 - 4,999 8,134 -
75 Development of Local Communities 477/2005 15,000 - 4,750 10,750 -
76 Aden Iron Factory in Lahaj Governorate (P)* 5P/2006 7,000 - - 7,000 -
77 Social Development Fund - Phase III 480/2005 15,000 - 3,750 11,250 -
78 Wastewater Facilities in Seiyoun and Tarim 482/2005 15,000 - - - -
79Construction of a Second Ma’rib Gas-Turbine Power Generating Station and the Expansion of the Transmission Grid
502/2006 30,000 - - - -
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
81
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 11 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(9) Republic of Yemen
80 Agricultural and Fisheries Development in the Hadramout Coastal Area
508/2007 12,000 - 6 6 -
81 Aden Iron Factory in Lahaj Governorate (Supplementary Loan) (P)*
7P/2007 3,000 - 3,000 3,000 -
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 - - - -
84 Development of Water and Wastewater Facilities in Aden Governorate
526/2008 10,000 - - - -
85 Glass Factory in Sana’a Governorate (P) 9P/2008 3,000 - - - -
Subtotal 611,650 19,593 33,326 369,535 174,758
(10) Republic of Lebanon
1 Electricity Network* 38/77 6,000 - - 6,000 6,000 2 Beirut Port* 39/77 5,000 - - 5,000 5,000 3 Rehabilitation of Electricity Installations* 263/91 22,000 3,157 - 18,843 11,647 4 Reconstruction and Shelter Rehabilitation* 282/93 8,000 - - 8,000 3,600
5 Rehabilitation of Electricity Installations (Supplementary Loan)*
304/94 7,000 291 - 6,709 3,149
6 Zahrani Power Station* 305/94 30,500 - - 30,500 14,940 7 Saida and Sour Water Supply* 317/95 10,000 - 49 9,899 2,280 8 Technical and Vocational Schools 323/96 15,000 - 905 6,850 5,160
9 Administrative Rehabilitation of Public and Independent Agencies
325/96 6,000 - 88 5,900 1,870
10 Rehabilitation of the Infrastructure and Buildings Damaged by the Israeli Aggression*
331/96 13,500 - 385 12,437 3,114
11 The Lebanese University Project (First Loan)* 355/97 23,000 - 4 23,000 5,94012 Syr El-Dania Jbab El-Homr / El-Hermel Road 356/97 6,000 - 1,661 4,317 173
13 Beirut Southern Entrances: Khaldeh-Cocodi and Awzaee Roads*
363/98 12,000 6,076 - 5,924 2,144
14 Interconnecting the Lebanese and Syrian Electric Grids at 400 kV*
400/2000 8,000 - 143 2,861 490
15 Conveyance of Litani Water to Southern Lebanon
418/2001 31,000 - 60 1,766 -
16 Control Center for the Lebanese Power Network
423/2002 7,000 - 709 1,411 -
17 Infrastructure Upgrading in Beirut City 430/2002 17,000 - 492 6,002 490
18 The Lebanese University Project (Second Loan)*
439/2003 6,000 1,583 1,112 4,417 330
19 Development of the Road Network and Main Intersections
449/2003 30,000 - 2,617 12,740 -
20 Administrative Rehabilitation 495/2006 9,000 - - - -
21 Development of Water and Wastewater Facilities in some Areas in Lebanon
496/2006 25,000 - - - -
22 Rehabilitation of Infrastructure Damaged by the Aggression
500/2006 30,000 - - - -
23 Rehabilitation of the Private Sector Enterprises Damaged by the Israeli Aggression
505/2006 25,000 - - - -
24 Rehabilitation of Electric Power Installations Damaged by the Israeli Aggression
506/2006 35,000 - - - -
Subtotal 387,000 11,108 8,225 172,575 66,327
* Completed Project. (P): Private Sector Project.
82
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 12 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(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
9 Fifth Pan-Arab Telecommunications (Earth Stations)*
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 and 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 11,715
17 Ismir Dam and Potable Water for Tatwan Area* 223/89 4,000 900 - 3,100 2,505
18 Agricultural Credit (Third Loan)* 231/89 12,000 - - 12,000 12,000
19 Maja’ra Dam* 237/90 50,000 542 - 49,458 26,988
20 Rehabilitation of Flood-damaged Infrastructure* 249/90 2,500 33 - 2,467 1,750
21 Upper Dokala Region Irrigation (Phase I)* 264/91 30,000 3,983 - 26,017 14,722
22 Rabat-Larache Motorway* 267/92 18,000 - - 18,000 10,815
23 Agricultural Credit (Fourth Loan)* 281/93 18,000 5,251 - 12,749 12,749
24 Seedi Al-Shahid Dam* 290/93 18,500 2,697 - 15,803 8,289
25 Strengthening Internal Power Grid for the Morocco - Spain Interconnection*
299/94 18,500 4,628 - 13,872 7,922
26 Loukkos Basin Agricultural Development (Second Loan)*
300/94 3,000 22 - 2,978 1,518
27 Al-Gharb Plain Irrigation (Phase II)* 303/94 20,000 537 - 19,463 8,405
28 Rabat-Fes Motorway* 306/95 23,000 3,123 - 19,877 9,256
29 Maja’ra Dam (Second Loan)* 315/95 17,000 2,990 - 14,010 5,169
30 Combatting the Effects of the Drought* 316/95 10,000 - - 10,000 5,185
31 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 4,912
33 Morocco-Spain Power Interconnection (Supplementary Loan)*
337/96 7,000 3,428 - 3,572 1,614
34 Dchar El Oued and Ait Massoud Dams for Electricity, Irrigation and Drinking Water*
344/97 15,000 5,886 - 9,114 2,634
* Completed Project. ** Fully Cancelled Loan.
83
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 13 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
Kingdom of Morocco
35 Dchar El Oued and Ait Massoud Dams: Financing the Two Hydro-electric Stations*
345/97 15,000 8,796 - 6,204 2,262
36 Casablanca-Settat Motorway (Second Section)* 364/98 16,000 4,031 - 11,969 2,505
37 Development of Social Housing in Agadir 378/98 18,000 - - 6,793 -
38 Ait Hamou Dam and Supplying Greater Agadir City with Water*
380/99 17,000 8,966 - 8,034 2,040
39 Mohammed V Airport Development * 389/99 10,000 - - 9,377 -
40 Afourer Pumped Storage Hydro-Power Plant* 397/2000 25,000 - - 19,836 3,575
41 Casablanca - El-Jadida Motorway 416/2001 15,000 - - 11,521 1,290
42 Raising of Sidi Mohammed Bin Abdullah Dam and Construction of Boukhamis Dam*
421/2002 18,000 - 1,046 8,000 -
43 Rural Electrification 446/2003 20,000 - 880 16,548 -
44 Tetouan - Fenidiq Motorway 451/2003 14,000 - 20 8,350 -
45 Settat - Marrakech Motorway (Phase I) 452/2003 30,000 - 2,681 12,846 -
46 Tangier Mediterranean Harbour - Northern Highway Motorway
460/2004 35,000 - 3,224 29,622 -
47 Werkan Dam to Supply Marrakech with Potable Water*
470/2004 7,000 - 2,444 5,160 -
48 Tangier Mediterranean Harbour - Northern Highway Motorway (Section Three)
473/2005 20,000 - 3,329 17,079 -
49 Marrakech - Agadir Motorway 485/2005 29,000 - 4,422 9,132 -
50 Wadi Al-Raml Dam to Supply Tangier Mediterranean Port with Water*
486/2005 9,000 - 3,210 8,913 -
51 Marrakech - Agadir Motorway (Second Loan) 491/2006 31,000 4,542 9,433 -
52 Generalization and Integration of Information Technology in Public School Education
498/2006 15,000 - 4,772 4,772 -
53 Rural Roads 503/2006 15,000 - 4,642 4,642 -
54 Fes - Oujda Motorway 512/2007 30,000 - 4,498 7,535 -
55 Water Supply for the Provinces of Taounate, Chefchaouen, Sidi Kacem and Tanger Med Port
514/2007 15,000 - - - -
56 Wadi Martil Dam 517/2007 23,000 - - - -
Subtotal 831,900 77,655 39,711 564,804 250,336
(12) Kingdom of Bahrain
1 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 75
5 Roads Development (Second Loan)* 258/91 11,000 894 - 10,106 6,505
6 Development of Suleimaniyah Medical Center (First Loan)*
259/91 21,000 1,002 - 19,998 13,470
7 Development of Suleimaniyah Medical Center (Second Loan)
308/95 11,000 - - 7,652 4,725
8 The Housing Project (First Loan)* 334/96 15,000 580 - 14,420 5,950
* Completed Project. ** Fully Cancelled Loan.
84
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 14 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(12) Kingdom of Bahrain
9 Transfer and Distribution of Water from Al-Hidd Desalination and Power Station*
349/97 21,000 1,450 - 19,550 6,446
10 Interconnection of Al-Hidd Production Facility to the Electric Grid*
360/97 10,000 1.112 - 8,888 3,296
11 Production and Utilization of Treated Sewerage Effluent
367/98 15,000 - 109 11,158 3,440
12 Hidd Industrial Area * 370/98 25,000 - 372 16,878 2,145
13 The Housing Project (Second Loan) 381/99 20,000 - 3,853 20,000 5,400
14 Bahrain Specialized Hospital (P)* 1P/2001 3,000 - - 3,000 -
15 Expansion of the Electric Generation and Transmission Systems*
417/2001 25,000 - - 20,956 720
16 Khalifa Bin Salman Port * 465/2004 15,000 - - 3,936 -
17 Upgrading the Electrical Transmission Network 478/2005 14,000 - 1,601 6,754 -
18 Replacement of Sitra Causeway Bridge 504/2006 19,000 - - - -
Subtotal 241,500 13,463 5,936 171,371 60,172
(13) Somali Democratic Republic
1 Inter-riverine Settlements* 23/76 6,400 1,250 - 4,571 264
2 Hargeisa-Borama Road* 35/77 2,500 - - 2,098 235
3 Goluen-Gelib Road (First Loan)* 36/77 5,500 - - 5,500 362
4 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
* Completed Project. (P): Private Sector Project.
85
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 15 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(14) Islamic Republic of Mauritania
7 Fifth Pan-Arab Telecommunications (Earth Stations)* 104/82 1,200 77 - 1,123 1,123
8 Nouakchott Power (First Loan)* 105/82 3,000 - - 3,000 3,0009 Nouakchott Power (Second Loan)* 106/83 2,300 - - 2,300 2,30010 Telecommunications in Nouadhibou* 119/83 2,100 - - 2,100 2,10011 Development Credit (First Loan)* 135/84 2,000 - - 2,000 2,00012 Educational, Health and Veterinary Services* 139/84 4,500 2 - 4,498 2,71013 Oases Development (Phase I)* 163/85 3,400 - - 3,400 1,980
14 Artisanal Fisheries Development in Nouadhibou* 178/86 3,200 425 - 2,775 1,164
15 Nouakchott Telephone/Telex Exchanges* 186/86 2,800 - - 2,800 2,80016 Guelbs Iron Ore Production (Second Loan)* 202/87 1,300 - - 1,300 1,30017 Development Credit (Second Loan)* 203/87 1,000 723 - 277 27718 Wilayas Electricity Supply* 216/88 7,500 - - 7,500 57619 Boghi-Kehidi Road (Second Loan)* 219/88 3,100 12 - 3,088 53420 Domestic Satellite Network* 227/89 5,000 11 - 4,989 54021 Mhaoudat Iron Ore Production* 269/92 6,000 - - 6,000 6,00022 Nouakchott-Akjojot-Atar Road* 289/93 6,500 28 - 6,472 25623 Oases Development (Phase II)* 297/94 2,400 - - 2,400 1,80024 Nouadhibou Water Supply* 313/95 10,000 - 41 7,927 5,248
25 Expansion of the Nouakchott Power Generating Station* 336/96 4,600 - - 4,537 3,475
26 Potable Water for the Interior Cities 343/97 3,500 - 337 2,788 1,32527 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 1,778
29 Rehabilitation and Construction of 33 Small Dams in the Area Adjacent to Achram* 375/98 3,500 - - 3,327 644
30 Connecting Boghe to the Manantali Electrical Grid* 408/2001 4,000 - 21 3,863 103
31 Debt Reduction* 414/2001 14,000 - - 14,000 -
32 Nouakchott - Nouadhibou Road * 419/2001 16,000 - 8 15,565 -
33 Nouakchott Water Supply from the Senegal River 454/2003 30,000 - 20,145 29,020 -
34 Expansion of Nouadhibou Power Generation Station 468/2004 7,000 - 2,395 2,497 -
35 Nouadhibou Water Distribution Network 475/2005 4,000 - 723 2,344 -
36 Power Generation Stations for Interior Cities 481/2005 2,000 - 12 52 -
37 Atar - Tidjikja Road 509/2007 11,000 - 20 20 -
38 Developing Water and Road Services in Rural Areas 510/2007 13,000 - 42 42 -
39 Nouakchott Water Supply from the Senegal River (Supplementary Loan) 511/2007 37,000 - 9,594 9,594 -
40 Lease Financing of Small and Medium-Size Projects and Enterprises (P)* 6P/2007 1,000 - - 1,000 -
41 Drinking Water and Electricity Emergency Program for the City of Nouakchott 523/2007 15,000 - 2,295 2,295 -
* Completed Project. (P): Private Sector Project.
86
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 16 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(14) Islamic Republic of Mauritania
42 Rehabilitation of Al-Amal Road (Sections II and IV)
531/2008 19,000 - - - -
43Drinking Water and Electricity Emergency Program for the City of Nouakchott (Supplementary Loan)
535/2008 10,000 - - - -
Subtotal 297,700 2,750 35,633 188,593 69,361
(15) Sultanate of Oman
1 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
12 Ghubrah 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 15,00014 Meserrat Water Conveyance System* 388/99 11,000 397 - 10,603 10,60315 Rimal Ash-Sharqiyah Water Distribution System* 401/2000 9,500 2,479 - 7,021 7,02116 Khassab Port Development Project* 431/2002 4,500 695 - 3,805 3,80517 Nizwa-Thamrit Road Rehabilitation (Phase II)* 441/2003 6,000 778 - 5,222 5,22218 Expansion of Salalah Port (Phase II) 466/2004 22,000 - 2,657 13,333 -
19 Al-Ashkhara - Al-Khuwaymah - Shanna Road 479/2005 10,000 - 1,046 5,895 -
20 Muscat Southern Expressway 487/2005 40,000 - - 9,079 -
21 Dualization of Al-Amerat - Quriyat Road 489/2006 20,000 - - 2,825 -
22 Al Duqm Port 501/2006 35,000 - - - -
23 Reconstruction of Basic Infrastructure and Facilities Damaged by Cyclone Gonu
519/2007 60,000 - 5,566 5,566 -
Subtotal 297,500 15,947 9,269 131,251 94,553
(16) Palestine
1 Wadi Far’a Irrigation* (1) 158/85 3,000 2,154 - 846 846
2 Widening and Strengthening of Salah Eldin Road 340/97 5,000 - 25 4,831 512
3 Development of Health Services* 341/97 3,000 1 - 2,999 154
4 Rehabilitation of the Education Services* 342/97 3,000 - - 3,000 229
5 The Rural Development Project 376/98 3,000 - 195 2,700 -
Subtotal 17,000 2,156 220 14,375 1,740
* Completed Project. (1) Loan Converted into Grant.
87
Loans Extended to Beneficiary Member States, 1974 - 2008
(KD 000)
Annex 5Page 17 of 17
Country/Project Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
(17) Republic of Djibouti
1 Third Pan-Arab Telecommunications* 67/81 1,000 - - 1,000 1,000
2 Djibouti Port Development* 89/82 1,500 - - 1,500 1,500
3 Fifth Pan-Arab Telecommunications (Earth Stations)*
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
6 Southwest 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 - 287 287
9 SEA-ME-WE II Submarine Cable* 262/91 1,500 - - 1,500 722
10 Modernization of Boulaos Power Station - Phase II*
373/98 3,000 1 - 2,999 591
11 Modernization of the Port of Djibouti (Phase IV)**
390/99 3,000 3,000 - - -
12 Social Housing* 395/2000 5,000 - 40 4,822 732
13 Development of the Education Sector 412/2001 4,000 - 1,266 2,992 -
14 Modernization of Boulaos Power Station - Phase III*
436/2002 3,000 - - 2,917 74
15 Social Housing (Phase II) 456/2003 6,000 - 8 42 -
16 Boulaos Power Generation Station Project - (Fourth Phase)*
471/2004 4,000 - 1,287 3,591 -
17 Construction of Djibouti University 497/2006 5,000 - 73 73 -
Subtotal 46,000 4,569 2,674 28,867 12,051
Grand Total 6,184,503 495,495 284,677 4,096,004 1,863,176
* Completed Project. ** Fully Cancelled Loan.
88
Loans Extended to Finance Inter-Arab Projects, 1974 - 2008
(KD 000)
Annex 6Page 1 of 3
Project/Country Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
1 First Pan-ArabTelecommunications:
Algeria* 10A/75 300 52 - 248 248
Morocco* 10B/75 3,000 802 - 2,198 2,198
2 Aden-Taiz Road:
Yemen* 22A/76 3,800 - - 3,800 3,800
Yemen* 22B/76 6,500 - - 6,500 6,500
3 Navigation Inspection Unit:
Algeria* 55/80 2,000 70 - 1,930 1,930
4 Second Pan-Arab Telecommunications:
Jordan* 58/80 5,000 4,433 - 567 567
Syria* 60/80 2,700 918 - 1,782 1,782
5 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
* Completed Project.
89
Loans Extended to Finance Inter-Arab Projects, 1974 - 2008
(KD 000)
Annex 6Page 2 of 3
Project/Country Loan No.Amount of Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
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
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 - 599 575
Morocco* 153/84 600 6 - 594 594
Algeria (Second Loan)* 332/96 3,500 1,887 - 1,613 1,613
* Completed Projects. ** Fully Cancelled Loan.
90
Loans Extended to Finance Inter-Arab Projects, 1974 - 2008
(KD 000)
Annex 6Page 3 of 3
Project/Country Loan No.Amount of
Loan
Cancelled Loans and Balances
Disbursements During 2008
Disbursements as at
31/12/2008
Repayments as at
31/12/2008
18 Pesticides Arab Joint Venture (Syria-Jordan):
Syria** 154/84 1,900 1,900 - - -
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 1,638
21 Hama-Saraqeb Road and Ain Eissa-Qintari Road:
Syria* 214/88 8,000 31 - 7,969 6,373
22 Yemen Power Link:
Yemen* 217/88 8,600 24 - 8,576 4,418
Yemen* 218/88 10,000 - - 9,938 5,670
23 Jordan-Egypt Power Link:
Jordan* 233/89 10,500 - - 10,500 7,680
Egypt* 234/89 34,100 3,339 - 30,761 20,877
24 Tunisia-Libya Power Link:
Tunisia* 243/90 17,800 - - 17,800 4,320
Libya* 244/90 2,200 784 - 1,416 454
25 Strengthening Local Transmission Network within Morocco-Spain Electric Power Link:
Morocco* 299/94 18,500 4,628 - 13,872 7,922
Morocco (Supplementary Loan)* 337/96 7,000 3,428 - 3,572 1,614
26 Interconnection of Jordan-Syria Electric Power Grids:
Jordan* 311/95 19,500 - - 19,500 7,735
Syria* 312/95 30,000 - 537 26,115 11,830
27 Interconnection of Syria and Turkey Electric Power Grids:
Syria* 314/95 26,000 - 119 23,064 6,320
28 Interconnection of the Libyan and Egyptian Power Grids:
Libya* 326/96 12,000 2,590 - 9,410 4,580
29 Interconnection of the Lebanese and Syrian Electric Grids at 400 kV:
Lebanon* 400/2000 8,000 - 143 2,861 490
Total 322,125 34,299 798 273,691 172,285
* Completed Project. ** Fully Cancelled Loan.
91
Grants Committed and Disbursed, 1974 - 2008
(KD 000)
Annex 7
Beneficiary CountryAmount Approved
Cancelled Grants and Balances
Net Amount Approved
Percent of Total (%)
Total Disbursements Balance of Grants
During 2008 Until 31/12/2008
National Grants:
1 Hashemite Kingdom of Jordan 6,010 56 5,954 4,3 466 4,550 1,404
2 Republic of Tunisia 1,090 109 981 0,7 - 601 380
3Algerian Democratic and People's Republic
1,635 12 1,623 1,2 203 962 661
4 The Republic of Sudan 9,190 689 8,501 6.2 -66 5,395 3,106
5 Republic of Iraq 820 7 813 0.6 - 657 156
6 Kingdom of Saudi Arabia 870 4 866 0,6 190 670 196
7 Syrian Arab Republic 3,270 907 2,363 1,7 79 1,752 611
8 Socialist People's Libyan Arab Jamahiriya 345 - 345 0,3 - 45 300
9 Arab Republic of Egypt 9,405 406 8,999 6,5 553 6,453 2,546
10 Republic of Yemen 7,775 488 7,287 5,3 449 3,749 3,538
11 State of Kuwait 2,315 - 2,315 1,7 216 1,601 714
12 Republic of Lebanon 12,846 808 12,038 8,7 112 7,339 4,699
13 Kingdom of Morocco 4,550 149 4,401 3,2 267 2,926 1,475
14 United Arab Emirates 194 - 194 0,1 72 72 122
15 Kingdom of Bahrain 1,510 115 1,395 1,0 200 1,245 150
16 State of Qatar 50 14 36 0,0** - 36 -
17 Somali Democratic Republic 320 86 234 0,2 - 234 -
18 Islamic Republic of Mauritania 6,075 680 5,395 3,9 916 3,466 1,929
19 Sultanate of Oman 4,615 19 4.596 3,3 1,515 4,301 295
20 Palestine* 25,585 1,068 24.517 17,8 79 24,409 108
21 Republic of Djibouti 1,000 - 1,000 0,7 29 670 330
Subtotal* 99,470 5,617 93,853 68,1 5,280 71,133 22,720
Inter-Arab Grants: 45,957 1,899 44,058 31,9 1,646 36,054 8,004
Grand Total* 145,427 7,516 137,911 100.0 6,926 107,187 30,724
* Does not include an amount of about KD 61.8 million allocated by the Arab Fund Board of Governors to support the Palestinian people, representing 10% of net income earned in 2001, and in 2003 through 2007.
** Less than 0.1%.
92
Annex 8
ContributorsTotal Amount(KD Million)
Percentage(%)
1 (A) National and Regional Development Institutions
Arab Fund for Economic and Social Development 3,027.0 35.4
Kuwait Fund for Arab Economic Development 987.2 11.5
Abu Dhabi Development Fund 213.1 2.5
Saudi Development Fund 376.1 4.4
Islamic Development Bank 552.4 6.5
OPEC Fund for International Development 75.0 0.9
Iraqi Fund for External Development 5.0 0.06
Libyan Arab Foreign Bank 3.0 0.04
Subtotal 5,238.8 61.3
(B) Other Arab Sources 466.8 5.5
2 International Financial Institutions
World Bank 558.9 6.5
International Fund for Agricultural Development (IFAD) 54.3 0.6
African Development Bank 504.7 5.9
Subtotal 1,117.9 13.0
3 Foreign Governments and their Development Institutions 1,722.9 20.2
Grand Total 8,546.4 100.0
Co-financing Activities of the Fund, 1974 - 2008
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