Current Date:

Tuesday, 21 November 2017

AFSED is to Discuss Arab Food Security Funding in May

Khartoum- The minister of Finance and Economic Planning Bard Eldeen Mahmud has emphasized Sudanese relations with Arab Fund for Social and Economic development (AFSED).
The minister appreciated the role played by AFSED to support Sudan, this came while he was meeting the president of technical bureau of AFSED Ahmed Osman Ali last week.
Badr Eldeen has revealed the objective of the meeting to review the preparation of Arab Funds meeting due to convene in coming May to study the feasibility of financing Arab Food Security program.
The study focuses on Sudan potentials, in agriculture, water, meat production, sugar and food oil.
The meeting aimed at providing database, and agricultural researches, to contribute to increase production and food manufacturing.
The minister praised the AFSED support to Meroi and Resiris Dams, he appealed to AFSED to support other dams and channels as the practical operation to the implementation of the Arab Food Security.
On his part the president of AFSED technical bureau has confirmed the completion of procedures to convene Arab Funds meeting.
The Arab Fund for Economic and Social Development (AFESD) is a Kuwait-based pan-Arab development finance institution. All member-states of the Arab League are members of the AFESD. As of 2003, it held around US$7.3 billion in assets.
The AFESD was established by agreement of the Economic and Social Council of the Arab League. Its first meeting was held on 6 February 1972. The current Chairman is Abdulatif Y Al-Hamad, the former Chairman is Mohammed Al Emadi and the Founding Chairman is Saeb N. Jaroudi.