Arab Fund for Economic & Social Development
Annual Report 2019
Arab Fund for Economic & Social Development P.O. Box: 21923 - Safat 13080, Kuwait
Telephone: +965 24 95 90 00 Facsimile: +965 24 95 93 90 / 91 / 92
Electronic Mail: [email protected] Internet Web Site: www.arabfund.org
Address: Arab Organizations Headquarters Building Airport Road, Shuwaikh State of Kuwait
ARAB FUND FOR ECONOMIC AND SOCIAL DEVELOPMENT
Member States, Governors and Alternate Governors
Member States (1) Governors (2) Alternate Governors (2)
The Hashemite Kingdom of H.E. Dr. Wissam Adnan Rabadi H.E. Ms. Zeina Toukan Jordan
The Republic of Tunisia - -
The Algerian Democratic and H.E. Mr. Abderrahmane Raouya - People’s Republic
The Republic of Sudan H.E. Dr. Ibrahim Ahmed Al-Badawi -
The Republic of Iraq H.E. Mr. Fuad Hussein H.E. Dr. Maher Hammad Johan
H.E. Mr. Mohammed Bin Abdullah Al H.E Dr. Ahmed Bin Abdulkarim Al The Kingdom of Saudi Arabia Jadaan Kholifey
The Syrian Arab Republic - -
State of Libya H.E. Mr. Faraj Abdullrahman Faraj Bomtari -
The Arab Republic of Egypt H.E. Dr. Rania Al Mashat H.E. Dr. Hala El Said
The Republic of Yemen H.E. Dr. Najeeb Mansour Al Aoug H.E. Dr. Mohamed Ahmed Ali Al-Hawri
The State of Kuwait H.E. Ms. Mariam Al-Aqeel H.E. Mr. Abdulwahab Al-Bader
The Republic of Lebanon H.E. Mr. Nabil Adnan Al-Jisr -
The Kingdom of Morocco H.E. Mr. Mohamed Benchaȃboun H.E. Mr. Zouhair Chorfi
United Arab Emirates H.E. Mr. Obaid Humaid Al-Tayer -
H.E. Sheikh Salman Bin Khalifa H.E. Mr. Yousif Abdulla Humood The Kingdom of Bahrain Al-Khalifa
The State of Qatar H.E. Mr. Ali Shareef Al Emadi -
The Somali Democratic - - Republic* The Islamic Republic of H.E. Mr. Abdel Aziz Dahi H.E. Mr. Mohamed Salem Ould Al Nani Mauritania H.E. Mr. Darwish Bin Ismaeel Sultanate of Oman - Bin Ali Al-Bulushi
Palestine H.E. Dr. Nabil Qaddoumi H.E. Mr. Bassam Walweel
The Republic of Djibouti H.E. Mr. Ilyas Moussa Dawaleh -
The Union of the Comoros H.E. Mr. Said Ali Said Chayhane -
(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 31/12/2019. * Membership suspended pursuant to the Board of Governors’ Resolution No. 3 of 1993, which has been extended annually by subsequent resolutions of the Board of Governors to the year 2019.
Annual Report 2019 3
Board of Directors
Director General/Chairman of the Board of Directors Mr. Abdlatif Y. Al-Hamad
Members of the Board Mr. Abdulwahab Al-Bader Dr. Fahad Bin Ibrahim Al Shathri Mr. Djamel Kheznadji Mr. Abubakr Mohamed Al Jafal Dr. Shehab Eldin Marzban Mr. Saeed Rashid Al Yateem Mr. Ali Bin Mohammad Redha Bin Jaffar Mr. Fouzi Lekjaa
Annual Report 2019 5
Basic Financial Data on the Arab Fund as at 31/12/2019
(KD Million)
Capital 2901.1
Total Resources 3768.9
Loans
Number of Loans Approved During the Year 12
Total Amount of Loans Approved During the Year 483.5
Total Number of Loans 689
Cumulative Amount of Approved Loans 10774.6
Cumulative Disbursements on Loans 6708.6
Cumulative Loan Repayments 3716.6
Outstanding Debt Owed to the Arab Fund 2992.0
Grants
Total Number of National and Inter-Arab Grants 1217
Cumulative National and Inter-Arab Grant Commitments 236.3
Cumulative National and Inter-Arab Grant Disbursements 190.8
Cumulative Contributions to the Urgent Program to Support the 180.8 Palestinian People(1)
Cumulative Disbursements for the Urgent Program(1) 169.4
(1) Includes the Program to Support the Resistance of Jerusalem.
Annual Report 2019 7 Overview of Arab Fund Activities
Introduction During 2019, the Arab Fund’s lending program focused on continued support to Arab countries’ efforts in implementing high-priority economic and social projects. Priority was given to infrastructure projects aimed at providing basic services, increasing production capacity, and improving the investment environment. The Arab Fund also continued to allocate national and inter-Arab grants to member countries, aimed at providing institutional support and training, implementing emergency programs, organizing seminars and conferences, and conducting feasibility studies and project preparation, in addition to providing support to the Palestinian people through the Urgent Program.
Loans During the year, the Arab Fund extended 12 loans, to 6 Arab countries, for a total amount of KD 483.5 million. These loans contributed to the implementation of 11 public sector projects, including 8 new projects and 3 previously financed projects, as well as one private sector project. The total cost of these projects was estimated at about KD 1.5 billion, with the loans provided by the Arab Fund covering about 31.4% of that amount. The share of loans provided to the transport and telecommunications sector represented about 40.1% of the total loan commitments during the year, that of the social services sectors about 22.7%, that of the water and sewerage sector about 16.2%, that of the energy and electricity sector about 12.4%, that of the agriculture and rural development sector about 8.1%, and that of the industry and mining sector about 0.5%.
Cumulative Loans Since the commencement of its activities in 1974 and until the end of 2019, the cumulative number of loans provided by the Arab Fund to the public and private sectors has reached 689 for a total amount of about KD 10.8 billion. These loans contributed to the financing of 585 projects in 17 Arab countries, and covered about 27.0% of the total cost of these projects. The infrastructure sectors received the majority of loans extended during that period, with a share of about 70.8% of the total amount of loans, followed by the productive sectors with about 18.6%, then the social services sectors with about 7.8%, and the other sectors with about 2.8%. The cumulative number of loans extended to the private sector has reached 15, for a total amount of about KD 59.9 million. Cumulative disbursements of loans extended to both the public and private sectors over the period 1974 - 2019 amounted to about KD 6.7 billion, representing about 74.0% of the net amount of effective loans. The Arab Fund also contributes to the capital of 6 private companies, for a total amount of about KD 31.8 million, in addition to its contribution to the capital of the MENA Fund, established by the International Finance Corporation (IFC), for about KD 1.2 million.
8 Annual Report 2019 Grants The Arab Fund approved 38 national and inter-Arab grants in 2019, for a total amount of about KD 6.7 million. These grants included 18 national grants for a total amount of about KD 4.2 million, about 86.4% of which was allocated for institutional support and training, about 7.8% for emergency programs, about 5.4% for feasibility studies and project preparation, and about 0.4% for seminars and conferences. The grants also included 20 inter-Arab grants for a total amount of about KD 2.5 million, about 87.2% of which was allocated for institutional support and training, about 10.3% for seminars and conferences, and about 2.5% for emergency programs. In addition, the Arab Fund continued its annual contribution to support the resistance of the Palestinian people, by allocating about KD 4.9 million during the year to the seventeenth phase of the Urgent Program.
Cumulative Grants The cumulative amount of grants extended by the Arab Fund, since the commencement of its operations and until the end of 2019, has reached about KD 417.1 million, of which about KD 161.0 million were provided for the implementation of 632 national grants, about KD 75.3 million for the implementation of 585 inter-Arab grants, about KD 151.2 million as contributions to the 17 phases of the Urgent Program to Support the Palestinian People, which began in the year 2001, and about KD 29.6 million as contributions to the Program to Support the Resistance of Jerusalem, during the years 2010 and 2016. Total disbursements of these grants amounted to about KD 360.2 million, or about 90.5% of their net amount.
Joint Arab Action In 2019, the Arab Fund continued its activities in various areas in support of priority sectors and in response to decisions and directives of Arab summits, which accorded a special importance to projects and issues related to joint Arab action. In this context, these activities included coordination between the Arab national and regional development institutions, and cooperation with international institutions, support to Arab food security, support to small and medium scale enterprises, financing of Arab trade, support to the activities of the Arab Development Portal, organization of the First Pan-Arab Energy Trade Conference, preparation of the Joint Arab Economic Report, and cooperation with the World Bank in the context of the Arab Spring Development Initiative.
Financial Statements As indicated by the Arab Fund’s financial statements for the year ending 31/12/2019, total income was about KD 176.2 million compared to about KD 61.4 million in 2018, while total administrative expenses were about KD 8.7 million compared to about KD 8.4 million in the previous year. The Arab Fund’s net profit for the year 2019 was about KD 160.6 million, compared to about KD 49.1 million for the year 2018. The statements also show that total member countries’ equity was about KD 3768.9 million as at 31/12/2019, compared to about KD 3617.3 million at the end of 2018.
Annual Report 2019 9 First: The Lending Program
Preamble During 2019, the Arab Fund continued to support projects that have high priority in the development plans of Arab countries and strengthen their economic and social development efforts. The lending program for the year focused mainly on projects in the transport and telecommunications sector, the social services sector, the water and sewerage sector, and the energy and electricity sector. The program also included projects in the agriculture and rural development sector, and in the industry and mining sector.
Appraised Projects and Approved Loans During the year, the Arab Fund studied several applications it received from member countries for project financing. These projects were appraised by the Arab Fund’s technical staff through office work and field trips to ensure their technical and economic feasibility, and their conformity with the priorities of the development programs in member countries.
A total of 12 loans were approved during the year, for a total amount of KD 483.5 million. These loans contributed to the financing of 11 public sector projects and one private sector project, in 6 Arab countries. The total cost of these projects was estimated at about KD 1.5 billion, with the loans provided by the Arab Fund covering about 31.4% of that amount.
Effective Loan Agreements A total of 11 loan agreements with 5 Arab countries, amounting to KD 477.0 million, became effective in 2019. These loans were provided for the implementation of projects in the sectors of transport and telecommunications, energy and electricity, water and sewerage, agriculture and rural development, and in social services sectors.
Public Sector Projects The Arab Fund approved 11 public sector loans during the year, amounting to KD 481.0 million, for the implementation of 8 new projects and 3 previously financed projects. Table 1 shows the loans approved by the Arab Fund during 2019, and Annex 1 provides the project sheets for these loans.
Infrastructure sectors accounted for about 68.7% of the total amount of loans approved during 2019, in light of priorities set in member countries’ plans and programs that focused on improving these sectors, and providing an environment conducive to investment and employment opportunities. Four loans were extended to finance transport projects within the transport and telecommunications sector, and amounted to KD 194.0 million or about 40.1% of the total amount of loans extended during the year. The first loan was allocated for the development of part of the road located in the Special Economic Zone of Duqm in Oman, the second for the construction of the Laayoune City ring road
10 Annual Report 2019 in Morocco, the third for the development of motorways also in Morocco, and the fourth for the construction of the road linking the city of Tidjikja in Mauritania to the Mali border. Two loans were extended to finance water and sewerage projects, amounting to KD 78.0 million or about 16.2% of the total. The first loan was allocatedfor the development of oases in rural areas in Mauritania, and the second for the establishment of a water system for Bahr El Bakar drain in Egypt. A loan, amounting to KD 60.0 million or about 12.4% of the total, was extended to finance the construction of a transmission ring around the city of Khartoum in Sudan.
Two loans were extended to finance social services projects, and amounted to KD 110.0 million or about 22.7% of the total amount of loans extended during the year, for the provision of concessional loans to citizens for the purchase or construction of housing units in Oman and Lebanon. The Arab Fund’s loans for the year also included two loans to finance agriculture and rural development projects, amounting to KD 39.0 million or about 8.1% of the total. The first loan was allocated for the heightening of Mohamed V dam in Morocco, and the second for the development of oases in Mauritania.
Table 1 Loan Commitments During 2019
Amount Date of No. Country Project of Loan Board (KD Million) Approval
A: Public Sector Projects Development of the Second Part of Road 1 Sultanate of Oman 32 in the Special Economic Zone of Duqm 30.0 19/02/2019 (Supplementary Loan) 2 Sultanate of Oman Housing Program 60.0 25/04/2019 3 Kingdom of Morocco Heightening of Mohamed V Dam 30.0 25/04/2019 4 Kingdom of Morocco Laayoune City Ring Road 42.0 25/04/2019 5 Republic of Lebanon Housing Project (Second Phase) 50.0 25/04/2019 Construction of 500 kV Transmission Ring 6 Republic of Sudan 60.0 25/04/2019 Around Khartoum Islamic Republic of Drinking Water and Development of Oases 7 3.0 25/04/2019 Mauritania in Rural Areas (Supplementary Loan) 8 Kingdom of Morocco Development of Motorways 70.0 08/10/2019 Islamic Republic of 9 Development of Oases 9.0 08/10/2019 Mauritania Islamic Republic of Tidjikja – Kiffa – Selibaby – Mali Border 10 52.0 08/12/2019 Mauritania Road Arab Republic of Establishment of a Water System for Bahr 11 75.0 08/12/2019 Egypt El Bakar Drain (Supplementary Loan) Subtotal 481.0 B: Private Sector Projects Islamic Republic of Processing and Marketing of Pelagic Fish 1 2.5 21/04/2019 Mauritania in Nouadhibou Subtotal 2.5 Total 483.5
Annual Report 2019 11 Private Sector Projects The Arab Fund continued to support the role of the private sector in the development of Arab countries. During 2019, the Arab Fund approved a loan for a project in the industry and mining sector, for the processing and marketing of pelagic fish in Nouadhibou in Mauritania. The loan amounted to KD 2.5 million, and represented about 0.5% of the total amount of loans extended during the year.
The Arab Fund also approved a contribution to the financing of a real estate project in Morocco, through a subscription to the capital of the company that owns the project, for an amount not exceeding KD 3.0 million. Moreover, the Arab Fund studied several requests to participate in the financing of private sector projects in 8 Arab countries; they included projects in industry, agriculture, real estate, tourism, health, and financial services. These requests are still under study.
Monitoring of Public and Private Projects The Arab Fund continued to monitor the progress of ongoing projects, follow up the fulfillment of the covenants set forth in their loan agreements, and take the necessary steps to ensure their proper implementation. During 2019, 10 projects, which were previously financed with loans for a total amount of KD 269.0 million, were completed; their total cost amounted to about KD 2.2 billion, with the Arab Fund covering about 12.2% of that cost.
Cumulative Lending Activities Since the commencement of its operations in 1974 and until the end of 2019, the Arab Fund approved 689 loans, for a total amount of about KD 10.8 billion. These loans contributed to the financing of 585 projects in17 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 period 1974 – 2019, while Annex 5 provides details on these loans.
The cumulative amount of loans extended by the Arab Fund for infrastructure projects has reached about KD 7.7 billion, or about 70.8% of the total amount of loans. About KD 3.4 billion of that amount was allocated for energy and electricity projects, about KD 2.9 billion for transport and telecommunications projects, and about KD 1.4 billion for water and sewerage projects.
Loans for the productive sectors’ projects amounted to about KD 2.0 billion, or about 18.6% of the total amount of loans, of which about KD 1.5 billion was allocated for projects in agriculture and rural development, and about KD 0.5 billion for projects in industry and mining. Loans for projects in the social services sectors amounted to about KD 0.8 billion, accounting for about 7.8% of the total, and were allocated to projects in education, health, housing and social development. The remaining 2.8% of the total amount of loans, or about KD 0.3 billion, was provided to finance projects in other sectors, which included earthquake mitigation, financial leasing and administrative development.
In addition to financing the main components of projects, the Arab Fund’s loans also contributed to institutional support for the entities involved and training of their employees in order to enhance their efficiency. Table 2 shows the sectoral distribution of the loans approved by the Arab Fund during 2019 and over the period 1974 – 2019, while Annex 4 provides a summary of that distribution among beneficiary member countries over the same period.
12 Annual Report 2019 Table 2 Loan Commitments by Sector (KD Million)
2019 1974 - 2019 Sector Amount % Amount %
1. Infrastructure Sectors
Transport and Telecommunications 194.00 40.1 2,913.90 27.0
Energy and Electricity 60.00 12.4 3,337.75 31.0
Water and Sewerage 78.00 16.2 1,377.25 12.8
Subtotal 332.00 68.7 7,628.90 70.8
2. Productive Sectors
Industry and Mining 2.50 0.5 515.56 4.8
Agriculture and Rural Development 39.00 8.1 1,487.80 13.8
Subtotal 41.50 8.6 2,003.36 18.6
3. Social Services Sectors* 110.00 22.7 836.50 7.8
4. Other Sectors - - 305.83 2.8
Grand Total 483.50 100.0 10,774.59 100.0
* Include mainly the Education, Health and Housing Sectors.
Sectoral Distribution of Loan Commitments
During 2019 During the Period 1974 - 2019
Social Other Sectors Services Agriculture Transport and 2.8 % Transport and and Rural Sectors Telecommunications Telecommunications Development 22.7 % Social Services 40.1 % 8.1 % Sectors 27.0 % 7.8 %
Agriculture and Rural Development 13.8 %
Industry Industry and and Mining Water and Water and Energy and Energy and Mining 4.8 % Sewerage Sewerage Electricity Electricity 0.5 % 12.8 % 16.2 % 12.4 % 31.0 %
Annual Report 2019 13 The cumulative lending activities of the Arab Fund also included 15 loans for private sector projects, for a total amount of KD 59.9 million, which contributed to the financing of 13 projects in Bahrain, Yemen, Mauritania, Sudan, Jordan and Egypt. These projects covered various areas, as they included the development of many productive sectors, especially iron and steel, sugar, grain silos and flour mills, glass, cement, fish processing, as well as the sectors of tourism, health and financial services. In addition to the loans extended to the private sector, the Arab Fund also contributes to the equity capital of 6 private companies in 4 Arab countries, namely Saudi Arabia, Egypt, Yemen and Sudan, in the areas of iron and steel production, cement production, sugar production, power generation, healthcare services and storage facilities. By the end of 2019, the Arab Fund’s total contribution to these companies had reached about KD 31.8 million, in addition to its contribution to the capital of the MENA Fund established by the International Finance Corporation (IFC), for about KD 1.2 million.
Inter-Arab Projects The Arab Fund continued its support to joint Arab efforts to build a basic framework and strengthen means of communication and interconnections between member countries. Since the commencement of its operations in 1974 and until the end of 2019, the Arab Fund approved 68 loans for a total amount of about KD 394.1 million. These loans contributed to the implementation of 32 inter-Arab projects in the areas of telecommunications, electric power, natural gas lines and international roads. At the end of 2019, total disbursements of these loans have reached about KD 291.8 million or about 82.9% of their net amount. Annex 6 provides details on the loans approved to finance inter-Arab projects over the period 1974 – 2019.
Co-Financing Activities The Arab Fund also continued its co-financing of projects in Arabcountries with Arab national, regional and international development institutions. During 2019, three projects were co- financed with other institutions in Morocco, Mauritania and Egypt, in the sectors of transport and telecommunications, and water and sewerage. During the period 1974 – 2019, the total contribution of the Arab Fund to development projects co-financed with Arab national, regional and international development institutions has reached about KD 4.5 billion, representing about 31.5% of the total amount of co- financing of about KD 14.1 billion. Annex 8 provides details on co-financing activities over that period.
Disbursements and Repayments Total disbursements during 2019 amounted to about KD 246.2 million. Cumulative disbursements of all loans over the period 1974 – 2019 amounted to about KD 6708.6 million, including KD 44.5 million for private sector projects. Repayments of loans in 2019 amounted to about KD 131.6 million. Cumulative repayments over the period 1974 – 2019 amounted to about KD 3716.6 million, which represented about 55.4% of cumulative disbursements.
14 Annual Report 2019 Box 1 Contribution of the Arab Fund to the Development of the Motorway Network in the Kingdom of Morocco
The transport sector in the Kingdom of in 1989, and given a concession for Morocco constitutes a key pillar of economic the construction, maintenance and and social development, as land, maritime exploitation of motorways. By the end and air modes of transport provide means to of 2019, the total length of motorways connect Morocco with other countries, and that had been constructed and open for to link various regions within the Kingdom. traffic was about 1,770 km. Three new The Arab Fund has provided significant and motorways with a total length of about 194 effective support to the Kingdom’s efforts km are planned to be constructed, thus to develop the transport sector since the bringing the total length of the motorway beginning of the 1990s, as it allocated 26 network to about 2,000 km by the year loans to this sector, for a total amount of 2025. KD 813 million, accounting for about 54% The motorway network covers various of the total amount of loans it provided to parts of the country and connects the the Kingdom of Morocco, and about 29% main cities of Morocco. It stretches of the total amount of loans it has provided from Tetouan and Tangier in the north to all Arab countries in the transport sector to Agadir in the south passing through over the period 1974 – 2019. Moroccan Rabat, Casablanca, Safi and Marrakech; transport sector projects financed by these from Rabat in the west to Oujda near loans included major and important ones, the Algerian border in the east passing such as the Second Tangier Med Port through Meknes and Fez; and from and the Tangier-Casablanca High-Speed Casablanca in the west to Beni Mellal in Train; however, the role of the Arab Fund in the center of the country passing through supporting this sector is particularly evident Khouribga. The motorway network through its contribution to the construction ensures an easy link with major economic and development of the motorway network. centers such as Casablanca, ports such In 1989, the Moroccan government set up a as the Tangier Med Port, and tourist cities program for the construction of motorways such as Marrakech and Agadir. Therefore, on the main corridors of the road network, motorway projects are considered to be which had increasing traffic at high rates, successful investments, as they contribute and the application of the toll system for to the economic and social development the use of these motorways, as part of its of the areas they pass through, the policy to make road users share the cost of development of road transport services construction, operation and maintenance and the reduction of traffic accidents. of transport facilities, especially those that Traffic volume on motorways has grown provide a distinct level of service such and attracted a large share of traffic on as motorways. The National Motorway main roads. Motorway traffic is increasing Company of Morocco was established at an estimated rate of about 5% per year,
Annual Report 2019 15 averaging about 22.4 million vehicles - km the beginning of the program for the per day in 2017. This traffic growth has construction of motorways, as it provided necessitated the expansion of some parts of 17 loans for these projects. By the end the motorway network. of 2019, the total amount of these loans reached KD 493 million, accounting The Arab Fund’s contribution to the for about 20% of the total cost of these financing of motorways in Morocco projects, and about 61% of the total The Arab Fund, along with other financial amount of loans provided by the Arab institutions, played a leading role in financing Fund to support the transport sector in the motorway projects in Morocco since Kingdom of Morocco.
Loan Amount Project (Million KD)
Rabat - Larache 18
Rabat – Fès 23
Casablanca - Settat 16
Casablanca - El Jadida 15
Tetouan - Fnideq 14
Settat - Marrakech 30
Tangier- Tangier Med (2 Loans) 55
Marrakech - Agadir (2 Loans) 60
Fès – Oujda (2 Loans) 57
Expansion of Casablanca - Rabat 20
Berrechid - Beni Mellal 55
El Jadida - Safi (2 Loans) 60
Development of Motorways 70
Total 493
16 Annual Report 2019 Second: Grants
Grants During 2019 Many grant applications were reviewed during 2019, and priorities were determined in coordination with the concerned institutions in the member countries, subject to available financial resources. A total of 38 grants, amounting to about KD 6.7 million, were approved during the year. These grants included 18 national grants, which amounted to about KD 4.2 million, and were provided to 12 Arab countries. The grants also included 20 inter-Arab grants, which amounted to about KD 2.5 million, and were allocated in support of activities of common interest to most Arab countries. In addition, support provided to the resistance of the Palestinian people within the framework of the Urgent Program amounted to about KD 4.9 million. Table 3 presents these grants.
The Arab Fund continued to give priority to activities that reinforce institutional support and training, with 26 grants allocated to these activities for a total amount of about KD 5.8 million, representing about 86.7% of total grants provided during the year. These grants included 13 national grants for a total amount of about KD 3.6 million, and 13 inter-Arab grants for a total amount of about KD 2.2 million. These grants aimed at enhancing the performance of specialized institutions by improving the quality of services they provide, supporting the activities and programs of a number of research and education centers, supporting various economic and social institutions, providing some medical centers with medicine, equipment and medical supplies, and contributing to the financing of a project intended to establish a program for the Waqf of Jerusalem real estate.
The grants also included the contribution to 4 emergency programs, for a total amount of KD 394 thousand, representing about 5.9% of the total amount of grants provided during the year. One of these grants contributed to the coverage of the cost of acquisition of equipment to cope with natural disasters in Tunisia. The grants provided during the year also contributed to the organization of seminars and conferences for a total amount of about KD 278 thousand, representing about 4.1% of the total amount allocated to grants, on topics of common interest to most Arab countries. During the year, a grant was also provided for the preparation of studies in the water and sewerage sector in Mauritania, for an amount of KD 225 thousand, representing about 3.3% of the total. Table 4 shows the grant commitments by activity.
Annual Report 2019 17 Board Date of Approval 19/02/2019 23/06/2019 18/07/2019 26/08/2019 17/12/2019 18/12/2019 26/12/2019 30/12/2019 19/02/2019 19/02/2019 19/02/2019 25/04/2019 25/04/2019 25/04/2019 08/10/2019 08/10/2019 08/12/2019 08/12/2019 6/2019 7/2019 8/2019 11/2019 13/2019 14/2019 17/2019 25/2019 26/2019 33/2019 34/2019 DG/19-2019 DG/21-2019 DG/24-2019 DG/35-2019 DG/36-2019 DG/37-2019 DG/38-2019 No. of Grant of No. 8 35 30 50 10 50 50 610 200 300 300 225 300 150 100 300 500 1,000 4,218 Amount (KD 000) Allocated (4) (2) (2) (1)
(2) (2) (5) (2) (5) (2) American University of Beirut (4) Training ater Distribution Networks in the Sultanate of Oman aqf of Jerusalem Real Estate Table 3 (2) ater Research and Application in Zewail City ater Research and (2) Beneficiary/Grant Grants Approved During 2019
(2) (2) (2) (2) (2) Total National Grants Total Oman/ Contribution to the Financing of a Pilot Project Raise Efficiency W Jordan/ Contribution to the Capital of Development Projects Fund Kuwait the for Centers Specialized Several with Complex Integrated an Equip and Construct to Project a of Financing the to Contribution Kuwait/ Association Dyslexia of Treatment Accelerator for the Acquire a Medical Linear Lebanon (American University of Beirut)/ Contribution to the Financing of a Project to Tumors Acquisition of Equipment to Cope with Natural Disasters Contribution to the Coverage of Cost Tunisia/ and Sewerage Sector in Mauritania Mauritania/ Contribution to the Financing of Preparation Studies in Water Egypt/ Contribution to the Establishment of an Integrated System for W Area/Qena Governorate and Crafts in the New Naqadah Tourism Egypt/ Contribution to the Development of Yemen Thalassemia and Hereditary Blood Disease Patients in Contribution to Urgent Medicine Relief Yemen/ in North and Training and Teaching Centers for Vocational Training Two Jordan/ Contribution to the Coverage of Cost Construction South Jordan Morocco/ Contribution to the Financing of a Project to Generate Solar Ministry Photovoltaic of Electricity Economy Disaster in and and Risk the the Finance for System Central Administration Warning Early Buildings an for Devices of and Programs the of Acquisition of Cost the of Coverage the to Contribution Lebanon/ Management Unit at the Council of Ministers Palestine/ Contribution to the Financing of a Project Establish Program for W Iraq/ Contribution to the Financing of a Maternity and Pediatric Hospital in Basra Kuwait/ Contribution to the Coverage of Cost Ninth Scientific Conference for Kuwaiti Economists Activities of SANAD Hospice Care and the Expansion its services Lebanon/ Contribution to the Support of Lebanon/ Contribution to the Financing of Salim El-Hoss Bioethics and Professionalism Program at Association Technology and Sciences Water the for Workshop Training a and Seminar a of Cost the of Coverage the to Contribution Bahrain/ 5 9 1 2 3 4 6 7 8 11 10 16 17 18 12 13 14 15 No. A: National Grants (1) Feasibility Studies and Project Preparation (2) Institutional Support (3) General Studies and Research (4) Seminars Conferences (5) Emergency Programs Table 3 Table
18 Annual Report 2019 Board Date of Approval 04/11/2019 04/11/2019 21/07/2019 01/01/2019 01/01/2019 17/01/2019 05/02/2019 05/02/2019 19/02/2019 19/02/2019 19/02/2019 25/04/2019 25/04/2019 01/05/2019 03/07/2019 01/08/2019 08/10/2019 08/10/2019 08/10/2019 08/12/2019 1/2019 2/2019 9/2019 10/2019 15/2019 16/2019 27/2019 28/2019 29/2019 32/2019 DG/3-2019 DG/4-2019 DG/5-2019 DG/22-2019 DG/12-2019 DG/18-2019 DG/20-2019 DG/23-2019 DG/30-2019 DG/31-2019 No. of Grant of No. 3 11 75 75 15 40 12 50 50 14 15 25 120 300 100 200 225 100 100 2,530 6,748 4,914 1,000 11,662 Amount (KD 000) Allocated (2) (2)
(2) (2) (2) (2) (2)
(4) (5) (2) (2) (4) Training (2) (4) (4) (5) Beneficiary/Grant Grants Approved During 2019
(4) (2) (2) (2) ERF/ Contribution to the Coverage of Part of the Cost of the Activities of the Second Phase of the Arab Spring Development Initiative for the Year 2019 Year Arab Spring Development Initiative for the Activities of the Second Phase ERF/ Contribution to the Coverage of Part Cost Arab Development for the Period 2017/2018 – 2019/2020 ERF/ Contribution to the Second Part of Phase Research Initiative for Inter-Arab (Lebanese University)/ Contribution to the Sponsorsh ip of Sixth Moot Court Competition 2019 Arab Union of Electricity Arab Union of Electricity/ Contribution to the Financing a S tudy Restructure and Achievements the to Promote Conference Media Second the of Cost the of the Coverage Contribution to States/ Arab of League the of General Secretariat Institutions Action Arab Joint of the Activities Annual Conference Fifth Twenty ERF/ Contribution to the Coverage of Cost ERF’s Applied Research Arab Countries and Support to the Cooperation Programs Activities in ICARDA/ Contribution to the Support of Center’s Union of Arab Statisticians/ Contribution to the Coverage of the Cost of the Union’s Seventh Conference Arab Statisticians/ Contribution to the Coverage of Cost Union’s Union of 2018 – 2019 Year Activities of the Institute for Financial Arab Planning Institute/ Contribution to the Coverage of Co st Programs and ICARDA/ Contribution to the Financing of the Project to Promote Innovation and to Achieve Disseminate Technologies Sustainable Agriculture Production in Arab Countries by the War Affected Emigrant Syrian Students Teaching Inter-Arab/ Contribution to the Coverage of Cost Academy of Sciences Building Academy of Sciences/ Contribution to the Coverage Cost Completion Islamic World Islamic World Program Language Digital Networking Universal the of Completion the to Allocated Grant the in Deficit the of Coverage the to Contribution Foundation/ UNDL Inter-Arab/ Contribution to the Support of Children Syrian R efugees in Jordan Agricultural and Arab Project to Develop Agricultural Development/ Contribution to the Coverage of Cost First Phase Arab Organization for Fishery Information and Statistics Systems Academy Arab Scientists Advancement of Sciences/ Contribution to the Financing a Project Establish Kuwait Foundation for the Annual Conference Sixth Twenty ERF/ Contribution to the Coverage of Cost ERF’s Arab Forum for Environment and Development/ Contribution to the Coverage of Cost Preparing an Environmental Education Gu ide Publishing it Through the Internet and in Print 2020 Conference Africa Health Policy Forum/ Contribution to the Coverage of Cost Forum’s Middle East and North Engineering Society Transport Gulf Road and Inter-Arab/ Contribution to the Support of GCC’s Inter-Arab Grants Total National and Inter-Arab Grants Total Seventeenth Phase of the Urgent Program to Support Palestinian People Grand Total 2 3 4 5 6 7 8 9 1 11 14 10 12 13 15 16 17 18 19 20 No. B: Inter-Arab Grants (1) Feasibility Studies and Project Preparation (2) Institutional Support (3) General Studies and Research (4) Seminars Conferences (5) Emergency Programs Table 3 (Continued) Table
Annual Report 2019 19 2.6 8.1 % 10.3 54.6 24.4 100.0 Total 6,214 24,425 57,543 19,141 29,651 Amount 128,964 417,129 151,191 236,287 8.5 8.0 4.0 % 62.0 17.5 100.0 6,380 6,007 3,044 46,699 13,201 75,331 Amount Inter-Arab Grants During the Period 1974 - 2019 0.1 3.7 % 11.2 51.1 33.9 100.0 207 5,940 National Grants 18,045 82,265 54,499 Amount 160,956 - 3.3 4.1 5.9 % 86.7 100.0 Total - - 225 278 394 5,851 4,914 6,748 11,662 Amount - - 2.5 % 87.2 10.3 100.0 - - (KD 000) 64 260 During 2019 2,206 2,530 Amount Inter-Arab Grants - 5.4 0.4 7.8 % 86.4 100.0 - 18 225 330 Grant Commitments by Activity 3,645 4,218 National Grants Amount Activity Feasibility Studies and Project Preparation Training Institutional Support and General Studies and Research Seminars and Conferences Emergency Programs 1 2 3 4 5 Total National and Inter-Arab Grants Total Urgent Program to Support the Palestinian People Program to Support the Resistance of Jerusalem Grand Total Table 4 Table
20 Annual Report 2019 Grant Commitments by Activity (Percentage)
National Grants during 2019 Inter-Arab Grants during 2019
Emergency Programs 7.8% Seminars and Feasibility Studies Seminars and Conferences and Project Conferences Emergency 0.4% Preparation 10.3% Programs 5.4% 2.5%
Institutional Support Institutional and Training Support and 86.4% Training 87.2%
National Grants during the Period 1974 - 2019 Inter-Arab Grants during the Period 1974 - 2019
Feasibility Studies Emergency and Project Feasibility Studies Programs Preparation Emergency and Project Institutional 33.9% 11.2% Programs Preparation Support and 8.5% Training 4.0% 51.1% Seminars and Conferences 8.0%
General Studies and Institutional Seminars and Research Support and Conferences General Studies and 17.5% Training 0.1% Research 62.0% 3.7%
Annual Report 2019 21 Cumulative Grants The total amount of grants provided by the Arab Fund, since the commencement of its operations and until the end of 2019, amounted to about KD 417.1 million, of which about KD 236.3 million contributed to the financing of 1217 national and inter-Arab grants, and about KD 180.8 million to support the Palestinian people through the Urgent Program and the Program to Support the Resistance of Jerusalem.
The number of national grants provided reached 632 for a total amount of about KD 161.0 million, allocated as follows: about KD 82.3 million for institutional support and training, about KD 18.1 million for feasibility studies and project preparation, about KD 5.9 million for general studies and research, and KD 207 thousand for seminars and conferences. These grants, provided to most Arab countries, aimed at improving the performance of specialized institutions, enhancing the quality of services they provide, training their employees and managers, developing their information and statistical systems, undertaking population censuses, supporting the activities of several health and research centers, and preserving national heritage. Furthermore, national grants included grants for a total amount of about KD 54.5 million, which were allocated to support emergency programs to alleviate the effects of natural disasters, local disturbances, or damage caused by external aggression on some Arab countries.
The number of inter-Arab grants provided by the Arab Fund reached 585 for a total amount of about KD 75.3 million, allocated as follows: about KD 46.7 million to provide institutional support and training in several specialized scientific and research centers, about KD 13.2 million to undertake general studies and research in various economic and social development areas, about KD 6.4 million to conduct feasibility studies for specific projects, about KD 6.0 million to organize seminars and conferences to discuss priority development issues for Arab countries, and about KD 3.0 million to implement emergency programs.
In addition, the cumulative contributions provided by the Arab Fund to support the Palestinian people included grants allocated within the framework of the Urgent Program, since its beginning in 2001 and until the end of 2019, amounting to about KD 151.2 million. The contributions of the Arab Fund to support the Palestinian people also included grants allocated within the framework of the Program to Support the Resistance of Jerusalem, in 2010 and 2016, which have amounted to about KD 29.6 million.
Grant Disbursements Cumulative disbursements of grants, approved over the period 1974 – 2019, amounted to about KD 360.2 million, including about KD 190.8 million for national and inter-Arab grants, and about KD 169.4 million for the Urgent Program to Support the Palestinian People and the Program to Support the Resistance of Jerusalem. Annex 7 provides a summary of these grants over that period. During 2019, a total of 29 grants, amounting to about KD 4.6 million, were completed. This brought the total number of national and inter-Arab grants completed during the period 1974 – 2019 to 1046, with a cumulative amount of about KD 172.7 million, while a total of 118 grants, amounting to about KD 53.2 million, remain under execution. Moreover, the total number of reimbursed and fully cancelled grants reached 53, for total amount of about KD 10.4 million.
Support to the Palestinian People The total contributions made by the Arab Fund to Palestine, since the commencement of its operations and up to the end of 2019, reached about KD 227.4 million, including about KD 210.4 million in the form of grants, representing about 92.5% of the total, and the remaining as loans provided to the Palestinian National Authority.
22 Annual Report 2019 The Urgent Program to Support the Palestinian People: The Arab Fund continued its efforts to alleviate the suffering of the Palestinian people by providing them with support to reinforce their resistance and presence on their land, and to meet their needs for basic services, with the aim to improve their economic and social conditions in light of the occupation’s policies aimed at erasing the Palestinian identity and weakening the Palestinian economy. Thus, the Arab Fund allocated in 2019 an amount of about KD 4.9 million, or about 10% of the Arab Fund’s net income for 2018, to contribute to the seventeenth phase of the Urgent Program to Support the Palestinian People, which has been renewed annually since 2001. Thus, the total contribution of the Arab Fund to this program over the period 2001 – 2019 reached about KD 180.8 million. This program includes support to non-governmental institutions and civil societies which provide basic services to local communities in the sectors of education, health and social services, support to basic and university education, construction of university buildings, development of human resources in university education, as well as enhancement of healthcare services by rehabilitating and developing healthcare institutions, and responsiveness to the requirements for rural development and economic empowerment.
In the context of its support to the Palestinian people, the Arab Fund continued its efforts to promote cooperation and coordination with Arab national and regional institutions, international institutions, as well as civil society institutions and government agencies, in order to rationalize the aid provided to Palestine and improve its effectiveness. The outcome of the Arab Fund’s support within this framework was the improvement of educational, health and social services provided by institutions and civil societies to the local community, the qualification and training of graduates, the provision of school buildings, and support to universities and educational institutions in order to ensure that they remain and continue to perform their educational tasks. The Arab Fund’s interventions within the framework of the Urgent Program were varied, and included the provision of small and medium loans to encourage youth initiatives and enhance the opportunities to establish income generating projects, the rehabilitation of agricultural and industrial projects, the improvement of the living conditions of women in rural areas, and the development of infrastructure, water, electricity and road facilities in rural communities. These interventions also included the provision of training opportunities for doctors in specializations that are lacking in the health sector.
The Urgent Program contributed to the establishment of a number of health centers and hospitals, and facilities for social care, obstetrics care, child care and special needs care, in addition to the provision of modern medical devices and equipment to those centers. The Urgent Program also contributed to the development of teachers’ abilities in modern teaching techniques, the preparation of university graduates to enter the job market, and the provision of technical and medical expertise to healthcare institutions, in addition to the preservation of the cultural and civilizational heritage of the Palestinian people through the renovation and rehabilitation of old towns in Jerusalem, Hebron and Nablus, and the development of the housing sector in the city of Jerusalem to support the resistance of its residents and preserve the Arab presence in the face of policies of deportation and Judaification of the city.
Cooperation with International and National Financial Institutions: The Arab Fund maintained its cooperation with the Islamic Development Bank, which monitors the implementation of projects financed through Al-Aqsa Fund. This cooperation included support to the development of medical and educational services through the construction of health centers, schools and universities, the development of infrastructure, the rehabilitation of wells and reclamation of agricultural lands threatened with confiscation, and the urgent construction to revive the cultural and architectural heritage of historical buildings. Cooperation with the Islamic Development Bank also included support to civil society institutions which provide health, social and educational services. The total committed amount in this regard is estimated at about KD 36.7 million, including support to Jerusalem, and this amount was fully disbursed.
Annual Report 2019 23 Box 2 The Arab Fund Supports the World Bank Initiative to Enhance Energy Trade among the Arab Countries Over the last four decades, the Arab countries enhance energy trade. completed several projects to interconnect Continuing with such efforts, the World Bank their electrical networks. In the Mashreq launched an initiative to enhance energy trade region, the electrical grids of Egypt, Jordan, between the Arab countries, and allocated US Syria and Lebanon were interconnected on Dollars 5 million to cover the cost of the activities 400 kV. In the Maghreb region, the electrical included in it. The Arab Fund agreed to support grids of Egypt, Libya, Tunisia and Algeria this initiative by providing a grant in the amount were interconnected on 220 kV, while those of KD 500 thousand to cover approximately of Algeria and Morocco were interconnected one third of the cost of the activities involved in on 400 kV. Additionally, the networks of the the initiative. One third of the proceeds of the six GCC countries were connected at 400 kV, grant were directed towards covering the cost while a project is underway to interconnect of holding a conference to promote energy the Saudi and Egyptian grids, using the same trade, attended by high level officials from the voltage. energy sector in the Arab countries, along with The total capacity of the completed energy experts and operators from around interconnections, and the one under the world, to benefit from their knowledge construction, is around 15 GW, allowing and expertise in the field. The second third of the Arab countries to annually trade energy the proceeds was directed to cover the cost amounting to around 100 thousand GWH. of a study to develop the Arab Grid Code, However, over the last 5 years, the actual which specifies all technical issues related energy traded, each year, was less than 7 to planning, interconnecting, dispatching, thousand GWH, which represents 7% of the metering and data acquisition, while the last total capacity of the lines, much lower than third was directed to cover the cost of a study the utilization of the European network, where to determine the feasibility of establishing an approximately 60-70% of the interconnection electric trade facilitation center. capacity is being utilized. The conference was held in November 2019, Among the main reasons for the low utilization and was attended by over 200 participants of the electrical interconnection in the Arab in the electrical field. Its resolutions will be countries, is the lack of agreements that adopted by the Arab countries, and the various establish the commercial basis for energy Arab and international financing institutions. trade, and the lack of an integrated trade model The contract for the development of the Arab that could be used to determine the optimum Grid Code was signed recently, with the task amounts and times for energy trade in order to to be completed before the end of the first half maximize the benefits for both exporting and of 2020. The request for proposal for the study importing countries. to establish the trade facilitation center was During the period 2012-2014, the Arab Fund, completed, and it is expected that the contract in cooperation with the League of Arab for conducting this study will be signed in the States, conducted an integrated study aimed first quarter of 2020. at achieving the maximum benefits from The Arab Fund uploaded to its website a copy the existing electrical interconnections and of all the visual presentations made during gas lines, and at identifying potential future the conference. These presentations may be electrical and gas lines. Simultaneously, the accessed through the following internet link: World Bank conducted a study to determine http://www.arabfund.org/Default. the best institutional framework required to aspx?pageId=607
24 Annual Report 2019 The Pan-Arab Energy Trade Conference
Conference Agenda Day 1: Opening Session: The Strategic Importance of Regional Energy Trade for the Economies of the Arab Countries • Bios of Various Speakers • Speech by H. E. Mr. Abdlatif Y. Al-Hamad, Director General/Chairman of the Board of Directors, Arab Fund for Economic and Social Development • Speech by Ambassador Dr. Kamal Hassan Ali, Assistant Secretary-General, Head of the Economic Sector, League of Arab States • Speech by Ms. Anna Bjerde, Director, Strategy and Operations, World Bank Group • Speech by H. E. Dr. Mohamed Shaker El-Markabi, Chair of Executive Bureau of the Arab Ministerial Council for Electricity, and Minister of Electricity and Renew- able Energy, Egypt Day 1: Session 1: Advancing Energy Trade in the Pan-Arab Region: Opportuni- ties and Challenges • Bios of Various Speakers • Opportunities and Obstacles in Electricity and Gas Trade in the Arab World, H. E. Dr. Fareed Zedan • Former Electricity Regulator, Kingdom of Saudi Arabia • Creating Regional Momentum for Energy Trade, Paul Noumba Um • Regional Director, Infrastructure, World Bank Group • Summary and Takeaways Day 1: Session 2: The Pan-Arab Electricity Market: Development Institutions’ and Countries’ Perspectives • Bios of Various Speakers • The Pan-Arab Electricity Market: From Vision to Execution and Results, Ambas- sador Dr. Kamal Hasan Ali • Assistant Secretary General – Head of Economic Sectorv • The Role of Arab Development Institutions in Supporting Electricity Trade, Dr. Mohamed Farahat • The Arab Fund for Economic and Social Development • The Pan-Arab Regional Energy Trade Platform (PA-RETP) Initiative, Erik Fernstrom • Energy Practice Manager, World Bank Group • Summary and Takeaways
Annual Report 2019 25 Third: Joint Arab Action
Introduction The Arab Fund continued, in 2019, its activities in various areas in support of priority sectors and in response to decisions and directives of the Arab summits, which accorded a special importance to projects and issues related to joint Arab action. The Arab Fund’s interventions in support of Arab cooperation were numerous; they included financing of projects, technical and economic studies for Arab interconnection projects, seminars, research, as well as participation in initiatives related to the support of specialized inter-Arab institutions. Thus, the Arab Fund provided support to any activity aimed at achieving Arab integration between member countries. The following provides a brief on the main activities:
Coordination between the Arab National and Regional Development Institutions and Cooperation with International Institutions The Arab Fund continued to act as the Coordination Secretariat of the Coordination Group, whose members include the Arab national and regional institutions, and prepare their periodic meetings. The sixteenth meeting of the Heads of the Coordination Group institutions was held at the Arab Fund headquarters on January 13, 2019. During this meeting, the discussions included the topics of the unification of the Coordination Group’s position on the issues to be discussed at the meeting with the Organisation for Economic Co-operation and Development’s Development Assistance Committee (OECD/DAC), the developments in the Global Partnership for Effective Development Co-operation (GPEDC), the cooperation with the World Bank, the Arab Development Portal, as well as the request by the Iraqi Fund for External Development to join the Coordination Group. In addition, the Heads of the institutions discussed the Coordination Group’s participation with joint activities and events on the sidelines of the annual meeting of the Asian Infrastructure Investment Bank (AIIB), to be hosted by the United Arab Emirates in 2021.
The meeting between the Coordination Group and the OECD/DAC was held at the headquarters of the Arab Fund on January 14, 2019. During this meeting, a discussion was held on the latest developments in the ongoing dialogue between the two parties to contribute to the achievement of the sustainable development goals, as well as on the progress made by the joint task forces set up to coordinate efforts in the sectors of water and sewerage, education and energy.
The eighty-third Coordination Group meeting was held at the Arab Fund headquarters during the period 15 – 16 January, 2019. At this meeting, the focus was on a follow up of the recommendations of the sixteenth Heads of Institutions meeting, particularly those related to the joint activities between the Coordination Group and the OECD/DAC, and the cooperation with the World Bank. Discussions were also held on the Arab Development Portal project, following the approval by the Heads of institutions of the fourth phase, with the United Nations Development Program in 2019. In this regard, the Coordination Group agreed on the signing of a contract with a specialized entity for an evaluation of the future of the portal, as the Group will prepare the terms of reference of this evaluation and solicit bids.
The eighty-fourth Coordination Group meeting was hosted by the Kuwait Fund for Arab Economic Development, during the period 17 – 19 September, 2019. At this meeting, a
26 Annual Report 2019 discussion was held on the latest developments regarding the activities of the joint task forces with the OECD/DAC for water and sewerage, education and women’s empowerment, as well as on the latest developments in the Arab Development Portal project.
The meeting also covered the Coordination Group’s cooperation with the World Bank, the latest developments in the GPEDC and the activities to which the Coordination Group could contribute. In addition, the experience of the Abu Dhabi Fund for Development in post evaluation of development projects was presented, as well as the activities of the Islamic Development Bank’s Awqaf Properties Investment Fund. During the meeting, a presentation was also made by UNICEF on its activities in the Arab countries affected by the Syrian crisis, and on its financing priorities for the year 2020 in the sectors of health and nutrition, water and sewerage, and education.
Arab Food Security Given the importance of Arab food security, and its role in enhancing the resilience of Arab economies and in meeting the food needs of citizens, and also given the fact that Arab countries are one of the most dependent regions in the world on external food sources, the Arab Fund continued its interest in supporting and developing agricultural activities through the support of research and modern agricultural technology for the achievement of sustainable agricultural development and Arab food security. In this context, the Arab Fund contributed to the financing of a project to develop and improve agricultural production systems and preserve natural resources, to find more sustainable and flexible agricultural systems which adapt to climate change and enhance food security. The Arab Fund also contributed to the financing of a project to promote innovation and dissemination of technologies, in order to achieve sustainable agricultural productivity in Arab countries.
The objectives of these two projects are to disseminate advanced technologies which are ready for application among the farming communities, to identify mechanisms to adapt to climate change and to mitigate its effects, while accommodating changes in agricultural systems by addressing the production constraints of each agro-ecological production system, including the development of methodologies for the optimal use of water resources, the mainstreaming of integrated irrigation systems, and the introduction of a participatory methodology for the rehabilitation of natural resources. The Arab Fund’s support also included the development of the essential capabilities of the agricultural research programs and farmers, to adopt and use modern research technologies, strengthen cooperation between national agricultural research centers in Arab countries and international agricultural research centers to increase interaction and cooperation between researches, and develop the human resources’ research capabilities.
Support to Small and Medium Enterprises The Arab Fund supports the financing of small and medium enterprises in Arab countries through its contribution to the capital of the Special Account to finance small and medium scale private sector enterprises in Arab countries, in the amount of US Dollars 100 million, as well as through its management of this Account for which it provides an independent administration and separate accounts. A total of 18 Arab countries, in addition to the Arab Fund, subscribed to the capital of this Account, for a total amount of US Dollars 1310.0 million, of which about US Dollars 1268.5 million was paid by the end of 2019. The Special Account provides loans
Annual Report 2019 27 to Arab governments and to various intermediary financial institutions, in addition to technical support to those entities. The total number of loans provided by the Special Account reached 43 by the end of 2019, for a total amount of US Dollars 1416.0 million, and were allocated to 12 Arab countries. The total disbursements of these loans reached about US Dollars 929.8 million. The Special Account financed about 91 thousand projects, thus contributing to the provision and preservation of about 429 thousand jobs.
Arab Trade Finance Trade contributes to the economic and social development of Arab countries, through its support to Arab exports, by enhancing Arab productive capabilities, and through the provision of development requirements including equipment, machinery and devices. The Arab Trade Finance Program aims at achieving the goals of the Agreement for the Facilitation and Promotion of Intra-Arab Trade, and the agreement on the Arab Free Trade Area, and enhancing the competitiveness of Arab exports. The Arab Fund contributed to the establishment of this Program, in cooperation with the Arab Monetary Fund, and contributed to its capital. The Arab Fund is the second largest contributor to the Program, after the Arab Monetary Fund, with a share of about 22.5% of the program’s issued and paid-in capital of US Dollars 987.9 million. By the end of 2019, the total amount of approved financing requests reached about US Dollars 16.9 billion. These requests were submitted through 217 national agencies in all Arab countries (mostly from national and central banks, in addition to some relevant ministries and institutions).
Arab Development Portal Continuing with its efforts to develop the Arab Development Portal project, the Coordination Group signed a contract with the United Nations Development Programme (UNDP), to start the implementation of Phase IV of the Portal. The activities of this phase include addition of data on new sectors and improvement of the performance of the Portal. The members of the Coordination Group also authorized the Arab Fund to prepare a request for proposal for a study to evaluate the present status of the Portal and develop a path for its transfer to one of the institutions of the Coordination Group. The contract for this study is expected to be signed at the beginning of 2020 between the Arab Fund and a joint venture of two French consulting firms, and the study should be completed within six months.
First Pan-Arab Energy Trade Conference The Arab Fund, in cooperation with the League of Arab States and the World Bank, prepared, organized and covered the expenses of the First Pan-Arab Energy Trade Conference, which was held in Cairo, Egypt, during the period 6 – 7 November 2019. The conference themes included the opportunities and challenges for activating energy trade in the Pan-Arab region, the views of countries and development institutions on the Pan-Arab electricity market, the opportunities for regional partnership in gas trade, the international experiences in developing cross-border electricity markets, the key principles of regional electricity trade institutions and their regulations, and the investments in regional infrastructure to achieve electricity trade benefits.
During the conference, the Arab Fund made a presentation on the role of financing institutions in supporting electricity trade, in addition to a presentation on the impact of scaling up renewables on energy trade. The League of Arab States presented a summary on the current
28 Annual Report 2019 state of preparation and development of the Pan-Arab energy market agreements. The World Bank presented an initiative for an Arab platform for energy trade, in addition to a paper on updating regional investments and tools to facilitate trade in the Pan-Arab energy market. Several regional and international institutions involved in governance and regulatory rules for trade energy participated in the conference, as well as experts in electricity trade from Europe, Africa, and North and Central America.
Preparation of the Joint Arab Economic Report The Joint Arab Economic Report is considered an important source of economic and social information on Arab countries, for both researchers and decision makers. The Arab Fund continues its annual participation in the preparation of this report, in collaboration with the General Secretariat of the League of Arab States, the Arab Monetary Fund and the Organization of the Arab Petroleum Exporting Countries (OAPEC). The Arab Fund prepares the chapters of the report on economic and social development, the agriculture and water sector, the industrial sector and Arab development aid. In addition, the Arab Fund prepares, on a rotation basis with the participating institutions, the chapter that addresses the theme of the report. The theme of this year’s report, which was prepared by the Arab Monetary Fund, was “Financial Inclusion in Arab Countries: Facts and Prospects”.
Arab Spring Development Initiative The Arab Spring Development Initiative (ASDI) was launched in 2014, as a partnership between the Arab Fund and the World Bank, with a view to promote discussion of pressing development issues in the Arab countries, generate new insights for researchers and policy- makers, and identify policy options and inform the decision making process. ASDI is being implemented by the Economic Research Forum (ERF).
ASDI focuses on three main areas of activity, which are: open access to data and survey- based research and their harmonization and wide dissemination, implementation and publication of policy-relevant research in relation to the political and economic transformation in the Arab countries, and creation of a variety of platforms for policy discussions and dialogue on varying pressing topics for policy makers, researchers and other stakeholders such as the media and various segments of civil society, and making research outcomes available to them. Currently, the second phase of ASDI covering the period 2017/2018 – 2019/2020 is being implemented. The published studies and research within this initiative may be accessed through the following internet link: http://erf.org.eg/erf_programs_tax/asdi
Annual Report 2019 29 Fourth: Financial Statements for the Financial Year Ended at 31 December 2019
1. Financial Position Assets: The value of Arab Fund Assets increased in 2019 by KD 139 million, 4% compared to 2018, reaching KD 3,830 million, this increase was mainly in Loans and Investments as shown in the below schedule:
2019 2018 Variation Assets KD % KD % KD Million Million Million Cash & Cash Equivalents 31 1% 73 2% (42)
Investments 666 17% 594 16% 72
Share in the Capital of Related 49 1% 49 1% 0 Institutions
Investment in an Associate 80 2% 79 2% 1
Loans 2,973 78% 2,865 78% 108
Others Assets 31 1% 31 1% 0
Total 3,830 100% 3,691 100% 139
4%
Liabilities: The value of Liabilities decreased in 2019 by KD (12.7) million, (17%) compared to 2018, reaching KD 61.3 million, this decrease was mainly in Other Liabilities as shown in the below schedule:
2019 2018 Variation Liabilities KD % KD % KD Million Million Million
Grants 26.2 43% 27.4 37% (1.2)
Provision for Pension Fund 14.1 23% 15.2 21% (1.1)
Other Liabilities 21.0 34% 31.4 42% (10.4)
Total 61.3 100% 74.0 100% (12.7)
)17(%
30 Annual Report 2019 Members’ Equity: The value of Members’ Equity increased in 2019 by KD 152 million, 4% compared to 2018, reaching KD 3,769 million, this increase was mainly in Additional Reserve as shown in the below schedule: 2019 2018 Variation Members’ Equity KD % KD % KD Million Million Million Share Capital 2,901 77% 2,900 80% 1
General Reserve 301 8% 284 8% 17
Additional Reserve 555 15% 426 12% 129
Other Reserves 12 0% 7 0% 5
Total 3,769 100% 3,617 100% 152 4%
II. Income & Expenditures Income:
The total Income increased in 2019 by KD 114.8 million compared to 2018, reaching KD 176.2 million as shown in the below schedule:
2019 2018 Variation Income KD % KD % KD Million Million Million Interest Income from Loans 87.5 50% 75.2 123% 12.3
Net Investment Gain / (Loss) 86.3 49% )15.8( )26( % 102.1
Share of Result from Arab Trade 2.5 1% 2.1 3% 0.4 Finance Program
Net Operating Expenses )0.1( 0% )0.1( 0% 0.0 Total 176.2 100% 61.4 100% 114.8 187%
Expenditures:
The total Administrative Expenses increased in 2019 by KD 0.3 million compared to 2018, reaching KD 8.7 million as shown in the below schedule:
2019 2018 Variation Expenditures KD KD KD % % Million Million Million Salaries & Staff Provisions 7.2 83% 7.1 85% 0.1
Other Expenses 1.5 17% 1.3 15% 0.2
Total 8.7 100% 8.4 100% 0.3 4%
Annual Report 2019 31 Net Profit: The Net Profit increased in 2019 by KD 111.5 million compared to 2018, reaching KD 160.6 million as shown in the below schedule:
2019 2018 Variation Net Profit KD KD KD % % Million Million Million Net Profit before Provisions 167.5 104% 53.0 108% 114.5
Provision for Loans – Private Sector )6.9( )4(% )3.9( )8(% )3.0(
Net Profit of the Year 160.6 100% 49.1 100% 111.5 227%
III. Cash Flows Shown below is a schedule summarizing the main Cash Flows:
KD Million Cash Flows 2019 2018 Net Change in Investments at Fair Value through Statement of Income 16.4 )9.3(
Loans Withdrawals )246.2( )179.1(
Loans Payments 131.6 140.0
Grants Withdrawals )6.9( )5.8(
Interest Received 84.7 76.5
Capital Paid 1.0 79.3
IV. Financial Indicators of Arab Fund Performance
2019 2018 Financial Ratios % %
Net Profit/ Assets - ROA 4.2% 1.3%
Net Profit/ Members’ Equity - ROE 4.3% 1.4%
Expenditures/ Revenues 4.9% 13.7%
Loans/ Assets 77.6% 77.6%
Loans/ Members’ Equity 78.9% 79.2%
32 Annual Report 2019 Arab Fund for Economic and Social Development Statement of Financial Position As at 31 December 2019 (KD 000)
2019 2018
Assets Cash and cash equivalents 31,040 72,851 Investments 665,543 594,033 Share in the capital of related institutions 49,304 49,329 Investment in an associate 80,380 79,163 Loans 2,973,208 2,865,454 Receivables from participants in the building 4,948 5,294 Other assets 25,782 25,160 Total assets 3,830,205 3,691,284
Liabilities and members’ equity Grants 26,215 27,386 Provision for pension fund 14,113 15,265 Other liabilities 20,928 31,383 Total liabilities 61,256 74,034
Members’ equity Share capital 2,901,096 2,900,078 General reserve 300,584 284,521 Additional reserve 554,526 426,111 Grants reserve 8,286 2,795 Change in fair value reserve 4,457 3,745 Total members’ equity 3,768,949 3,617,250
Total liabilities and members’ equity 3,830,205 3,691,284
Annual Report 2019 33 Arab Fund for Economic and Social Development Statement of Comprehensive Income For the year ended 31 December 2019 (KD 000)
2019 2018
Income
Interest income from loans 87,543 75,199
Net investments gains / (losses) 84,852 )17,232(
Interest income from time deposits and call accounts 1,420 1,351
Share of result from an associate 2,495 2,132
Net operating expenses )69( )40(
Total income 176,241 61,410
Administrative expenses
Salaries and staff provisions 7,217 7,126
Other expenses 1,539 1,299
Total administrative expenses 8,756 8,425
Net profit before provisions 167,485 52,985
Provision for loans – private sector )6,851( )3,846(
Net profit for the year 160,634 49,139
Other comprehensive income / (losses)
Net change in fair value of investments available for sale 712 )95(
Other comprehensive income / (losses) for the year 712 )95(
Total comprehensive income for the year 161,346 49,044
34 Annual Report 2019 Arab Fund for Economic and Social Development Statement of Changes in Members’ Equity For the year ended 31 December 2019 (KD 000)
Change in Share General Additional Grants Retained Fair Value Total Capital Reserve Reserve Reserve Earnings Reserve
Balance at 1 January 2019 2,900,078 284,521 426,111 2,795 3,745 0 3,617,250
Profit for the year 0 0 0 0 0 160,634 160,634
Other comprehensive profit for 0 0 0 0 712 0 712 the year
Total comprehensive income 0 0 0 0 712 160,634 161,346 for the year
Payment of share capital 1,018 0 0 0 0 0 1,018
Transfer to support people of 0 0 )4,914( 0 0 0 )4,914( Palestine
Transfer to grants reserve 0 0 0 8,032 0 )8,032( 0
Transfer to general reserve 0 16,063 0 0 0 )16,063( 0
Transfer to additional reserve 0 0 136,539 0 0 )136,539( 0
Grants approved 0 0 )3,210( )3,538( 0 0 )6,748(
Grants cancelled and 0 0 0 997 0 0 997 transferred
At 31 December 2019 2,901,096 300,584 554,526 8,286 4,457 0 3,768,949
Balance at 1 January 2018 2,820,741 279,607 395,631 5,775 3,840 0 3,505,594
Profit for the year 0 0 0 0 0 49,139 49,139
Other comprehensive loss for 0 0 0 0 )95( 0 )95( the year
Total comprehensive income 0 0 0 0 )95( 49,139 49,044 for the year
Payment of share capital 79,337 0 0 0 0 0 79,337
Transfer to support people of 0 0 )11,288( 0 0 0 )11,288( Palestine
Transfer to grants reserve 0 0 0 2,457 0 )2,457( 0
Transfer to general reserve 0 4,914 0 0 0 )4,914( 0
Transfer to additional reserve 0 0 41,768 0 0 )41,768( 0
Grants approved 0 0 0 )7,292( 0 0 )7,292(
Grants cancelled and 0 0 0 1,855 0 0 1,855 transferred
At 31 December 2018 2,900,078 284,521 426,111 2,795 3,745 0 3,617,250
Annual Report 2019 35 Arab Fund for Economic and Social Development Statement of Cash Flows For the year ended 31 December 2019 (KD 000)
2019 2018
Operating activities
Net Profit for the year 160,634 49,139
Adjustments for:
Interest income from loans )87,543( )75,199(
(Gains) / losses on investments at fair value through the statement )89,344( 15,330 of income
Interest income from time deposits and call accounts )1,420( )1,351(
Share of results from an associate )2,495( )2,132(
Provision for loans – private sector 6,851 3,846
Provision for employees’ pension 1,508 1,916
)11,809( )8,451(
Change in operating assets and liabilities
Net change in investments at fair value through statement of income 16,354 )9,336(
Loans withdrawals )246,235( )179,120(
Loans payments 131,630 140,044
Grants withdrawals )6,922( )5,822(
Receivables from participants in the building 346 346
Other assets 184 )3,811(
Other liabilities )15,369( )13,825(
Cash flows used in operations )131,821( )79,975(
Interests received 84,695 76,507
Provision for employees’ pension paid )2,660( )1,086(
Net cash flows used in operating activities )49,786( )4,554(
Investing activities
Net changes in other investments 5,742 )30,026(
Dividends received from an associate 1,215 809
Net cash flows generated from / (used in) investing activities 6,957 )29,217(
Financing activities
Payment of share capital 1,018 79,337
Net cash flows generated from financing activities 1,018 79,337
(Decrease) / Increase in cash and cash equivalents )41,811( 45,566
Cash and cash equivalents at beginning of the year 72,851 27,285
Cash and cash equivalents at end of the year 31,040 72,851
36 Annual Report 2019 Arab Fund for Economic and Social Development Independent Regional Arab Financial Organization - Kuwait Significant Accounting Policies a) Statement of compliance The financial statements of the Fund are prepared in compliance with accounting policies set out below and the Convention on the establishment of the Fund. b) Basis of measurement The financial statements are prepared on a fair value basis for financial assets and liabilities, except those with no available and reliable measure of fair value. Other financial assets and liabilities and non-financial assets and liabilities are carried at amortized cost or historical cost. The accounting policies followed by the Fund are agreeing accordingly with the same policies followed in the previous year. c) Investments Financial assets are classified as financial investmentsat fair value through statement of income, loans and receivables, or investments available for sale or as share in the capital of related institutions as appropriate. The Fund determines the classification of its financial assets in principle upon initial recognition. Investments are designated at fair value through statement of income if they are managed, and their performance is evaluated on reliable fair value basis. Investment assets at fair value through statement of income are carried in the statement of financial position at fair value with changes in fair value recognized in the statement of comprehensive income. Equity investments designated as available for sale are those, which are neither classified as held for trading nor designated at fair value through statement of income. Investments available for sale are subsequently measured at fair value with unrealized gains or losses recognised in other comprehensive income. Until the investment is derecognized, at which time the cumulative gains or losses are recognised in the statement of comprehensive income. d) Loans Loans are stated at the amortized cost less provision for impairment. No impairment provisions are accounted for loans granted to the public sector as these are considered sovereign loans guaranteed for payment by consecutive governments of the member states. The impairment provision for loans granted to the private sector are estimated if their collection is no longer probable; and recorded at the statement of comprehensive income. e) Impairment An assessment is made by the Fund at each reporting date of the financial statements to determine whether there is an indication that an asset is impaired. All impairment losses are recognized in the statement of comprehensive income.
Annual Report 2019 37 f) Investment in an associate The investment in the associated entity is equity accounted. The fund’s share of the profit or loss shall be recognized on the basis of the Fund’s ownership in the total equity. g) Fixed assets Fixed assets are not capitalized but rather are directly recorded in statement of comprehensive income in the year of purchase. h) Provision for pension fund Provision for the Fund’s obligation towards employees’ pension is determined based on contributions paid by the employees’ and the Fund, in addition to a return of 7% p.a. guaranteed by the Fund. i) Foreign Currencies Foreign currency transactions are translated to the Fund’s functional currency according to the exchange rates at the date of these transactions. Monetary assets and liabilities in foreign currencies are re-translated to the Fund’s functional currency at the reporting date of the financial statements according to the exchange rates at that date. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. Differences of foreign currencies arising from the re-translation are recognized within the statement of comprehensive income, excluding differences arising from re-translation of equity instruments available for sale and investment in an associate which are recognized within other comprehensive income. j) Cash and cash equivalents Cash comprises of current accounts with banks, Cash equivalents comprises of bank balances and short term deposits with maturity of three months or less. k) Revenue recognition • Interest income is recorded using the on a straight-line basis method that represent the price that exactly discounts the cash flows along the expected life of the financial asset or a shorter period where appropriate, to the net carried amount of the financial asset. • Interests and commissions on loans to countries with unpaid past due interest for over three months are excluded from profit or loss and only recorded as income when received. • Interest income from time deposits and call accounts is recognized on a time proportion basis. • Fee and commission income is recognized when earned. • Dividend income is recognized when the right to receive payment is established. ANNEXES
Annual Report 2019 39
Annex 1
Project Sheets for Loans Extended During the Year 2019
Annual Report 2019 41 ANNEX 1 PROJECT 1 of 11
Sultanate of Oman Development of the Second Part of Road 32 in the Special Economic Zone of Duqm (Supplementary Loan)
Loan No.: 662 Interest Rate: 2.5% Special Economic Beneficiary: Grace Period: 5 years Zone Authority Duqm Project Cost: KD 115.0 million Maturity: 30 years Amount of 51 semi-annual KD 30.0 million Repayment: Loan: installments Date of Board 19/02/2019 Approval: First 5 years following the Date of Loan Installment: first disbursement 10/09/2019 Effectiveness:
Objectives: The project aims at contributing to the improvement and development of land transportation services in the economic zone, and accommodating the increasing traffic on the road which will connect the main components of the development projects within the zone, most notably the commercial port, the refinery, Duqm airport, and the areas allocated for heavy, medium and light manufacturing, in addition to being part of national road 32, which links north Ash-Sharqiyah governorate with Al Wusta governorate. The project will contribute to the improvement of the movement of goods between the investment projects in the economic zone and other parts of the Sultanate, and connect these projects to the highway network to reach the main cities of the country.
Description: The project, which is expected to be completed by the end of 2022, includes the development of the part of road 32 which lies within the economic zone of Duqm. The construction of the road, which has a total length of about 30 km, is divided into two parts:
Part One: This consists of the construction of the southern part of the road, which has a length of about 16.2 km, and three-lane dual carriageways, with a total width of about 11.25 m each way, in addition to two-lane service roads on each side of the main road, with a total length of about 23 km and a width of about 7.3 m. This part also consists of the construction of several concrete bridges over Wadi Dungart, Wadi Say and Wadi Al Jarf.
Part Two: This consists of the construction of the northern part of the road, which has a length of about 13.8 km, extending from the end of part one of the road to the northern border of the economic zone, to connect to the Sinaw – Muhut – Duqm road project. This road consists of two-lane dual carriageways, with a total width of about 7.5 m each way, in addition to two-lane service roads on each side of the main road with a total length of about 14 km and a width of about 7.3 m. This part of the road does not include any concrete bridges. The design of this part has the contingency of adding a third lane to accommodate future needs. This part
42 Annual Report 2019 ANNEX 1 PROJECT 1 of 11 CONTD. includes the construction of surface dividers to regulate traffic, water drainage facilities, and the installation of energy conserving lighting. It also includes the protection and relocation of existing service lines, and a location to weigh vehicles on the road.
The project consists of the following components: 1. Civil Works: This consists of all the necessary works to construct the road, which include preparatory works, removal of the existing road, earthworks, asphalt paving, structural work and ground services, in addition to the complementary works necessary for the road, such as road embankment, water drainage facilities, road lighting, traffic guidance signals and landscaping.
2. Consultancy Services: This includes the consultancy services necessary for the preparation of studies, specifications, designs, detailed plans and bid documents, assistance in bid analysis and works supervision. Financing: The two Arab Fund loans, the first No. 646/2017 and the supplementary, cover about 74% of the total project cost. The Omani Government will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2019 43 ANNEX 1 PROJECT 2 of 11
Sultanate of Oman Housing Program
Loan No.: 663 Interest Rate: 2.5% Oman Housing Bank Beneficiary: Grace Period: 5 years (S.A.O.C) Project Cost: KD 75.0 million Maturity: 30 years Amount of 51 semi-annual KD 60.0 million Repayment: Loan: installments Date of Board 25/04/2019 Approval: First 5 years following the Date of Loan Installment: first disbursement 30/09/2019 Effectiveness:
Objectives: The project aims at alleviating the housing problem in Oman and meeting the needs of low and middle-income citizens for suitable housing, which will enable them to improve their living conditions and social situation. This will be accomplished through the provision of concessional loans to qualified citizens for the purchase or construction of housing units.
Description: The program, which is expected to be completed by the end of 2022, consists of the provision of concessional loans by the Oman Housing Bank to qualified low and middle-income citizens for the purchase or construction of housing units. The amount of each loan cannot exceed 90% of the value of the housing unit, or 60 thousand Omani Riyals, whichever is lower, and the loan repayment period cannot exceed 25 years.
Financing: The Arab Fund’s loan covers about 80% of the total program cost. The Oman Housing Bank will cover the remaining cost of the project and any additional cost that may arise.
44 Annual Report 2019 ANNEX 1 PROJECT 3 of 11
Kingdom of Morocco Heightening of Mohamed V Dam
Loan No.: 664 Interest Rate: 2.5% Ministry of Equipment, Beneficiary: Transport, Logistics Grace Period: 6 years and Water Project Cost: KD 41.4 million Maturity: 30 years Amount of 49 semi-annual KD 30.0 million Repayment: Loan: installments Date of Board 25/04/2019 Approval: First 6 years following the Date of Loan Installment: first disbursement 08/09/2019 Effectiveness:
Objectives: The project aims at improving the regulation of Wadi Moulouya’s water through the heightening of Mohamed V dam to compensate for the decrease in the storage capacity of the dam due to the accumulation of sediment in its reservoir, and to provide additional quantities of water to meet the demand for water in the project region. The additional water provided by the project will allow for the intensification of agricultural production in the lands equipped for irrigation from the existing dam, meeting the demand for drinking water, as well as the generation of additional electricity from the dam’s existing hydroelectric power station. The project will also contribute to the protection of the land downstream of the dam in Wadi Moulouya basin from the risk of flooding.
Description: The project, which is expected to be completed at the beginning of 2024, consists of the works related to the heightening of Mohamed V dam, and the technical services to review and complete the studies and designs of the project, in addition to the land expropriation and implementation management. The project includes the following main components:
1. Dam Heightening: The existing dam is a concrete dam, with a height of approximately 63 m above the foundation level, a crest width of about 6 m and length of about 310 m. The designed storage capacity of the dam, which was approximately 730 million m3, decreased to about 240 million m3 due to the accumulation of sediment in the dam’s reservoir. The dam includes a reinforced concrete spillway with a discharge capacity of about 6000 m3/s, a bottom outlet, a water intake and a hydroelectric power station with an installed capacity of about 23 MW. The heightening project includes all civil and hydromechanical works to increase the storage capacity of the dam from about 240 million m3 to 950 million m3. The heightening works include raising the dam crest by about 10 m through the construction of a concrete gravity wall with a width of about 6 m, increasing the base width and thickness of the downstream slope of the dam at the foundation level by approximately 11 m, in addition to raising the spillway ogee by 8 m. The works also include the replacement of the water control gates and
Annual Report 2019 45 ANNEX 1 PROJECT 3 of 11 CONTD.
rehabilitation of the hydromechanical equipment of the dam’s appurtenant structures in the spillway, bottom outlet and water intake.
2. Technical Services: This includes the consultancy services required to review and complete the studies and designs of the project, and construction supervision.
3. Land Expropriation: This includes the acquisition of land and rights required for the construction and operation of the project.
4. Implementation Management: This includes the project management, follow-up and monitoring of the construction works.
Financing: The Arab Fund’s loan covers about 72% of the total project cost. The Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.
46 Annual Report 2019 ANNEX 1 PROJECT 4 of 11
Kingdom of Morocco Laayoune City Ring Road
Loan No.: 665 Interest Rate: 2.5% Ministry of Equipment, Beneficiary: Transport, Logistics Grace Period: 6 years and Water Project Cost: KD 53.3 million Maturity: 30 years Amount of 49 semi-annual KD 42.0 million Repayment: Loan: installments Date of Board 25/04/2019 Approval: First 6 years following the Date of Loan Installment: first disbursement 08/09/2019 Effectiveness:
Objectives: The project aims at contributing to the improvement of land transportation services on the main road network in Laayoune and its surrounding areas, by absorbing and transferring part of the city center’s increasing traffic, and the traffic passing through the city, as well as decreasing congestion and traffic accidents. The project also aims at improving the connection between the northern and southern parts of Morocco.
Description: The project, which is expected to be completed by the end of the first quarter of 2023, includes the construction of a ring road west of Laayoune, allowing the passing traffic to flow around the city without entering it, in addition to the construction of a large bridge over Wadi Sakia El Hamra. The project consists of the following components:
1. Construction of the Road and Bridge: a. The Road: This comprises the construction and civil works necessary for a new ring road, with a total length of about 5.5 km, and four traffic lanes. This includes earthworks, such as digging and filling, pavement layers and paving, in addition to road protection works from sand encroachment, traffic safety signals, and other complementary works required for the construction of the road. b. The Bridge: This comprises the construction and civil works necessary for a large concrete bridge over Wadi Sakia El Hamra, with a total length of about 1700 m, and four traffic lanes. This includes the construction of deep foundations, precast concrete works, in addition to the necessary complementary works required for the construction of the bridge.
2. Consultancy Services: This includes the consultancy services necessary for the preparation of studies and completion of designs, bid documents, project supervision, in addition to the use of specialized laboratories to ensure quality control and other complementary services.
Annual Report 2019 47 ANNEX 1 PROJECT 4 of 11 CONTD.
3. Institutional Support: This includes the provision of the necessary equipment to the interim directorate to implement the project, as well as the machinery and equipment needed for maintenance and protection of the road from sand encroachment. This also includes the organization of training courses for the ministry’s employees on the studies and supervision of road and bridge project implementation.
4. Land Acquisition: This component includes the acquisition of land and the acquisition of the rights to the land required for the implementation of the project and its operation.
Financing: The Arab Fund’s loan covers about 79% of the total project cost. The Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.
48 Annual Report 2019 ANNEX 1 PROJECT 5 of 11
Republic of Lebanon Housing Project (Second Phase)
Loan No.: 666 Interest Rate: 2.5% Banque Du Liban, Beneficiary: Grace Period: 5 years Housing Bank Project Cost: KD 62.5 million Maturity: 30 years Amount of 51 semi-annual KD 50.0 million Repayment: Loan: installments Date of Board 25/04/2019 5 years Approval: First following the first Date of Loan Installment: - Effectiveness: disbursement
Objectives: The project aims at contributing to the reduction in the severity of the housing crisis, and meeting the needs of low and middle-income citizens for adequate housing, which will enable them to improve their living conditions and social situation. This will be accomplished through the provision of concessional loans to those citizens for the purchase or construction of housing units.
Description: The project, which is expected to be completed by the end of 2020, complements the first phase to whose financing the Arab Fund contributed in 2012 with a loan in the amount of KD 34 million, benefitting 900 families. The project consists of the provision of concessional loans by the Housing Bank to low and middle-income citizens for the purchase or construction of housing units. The project includes the following main components:
1. Loans to Low-Income Citizens: This component includes the provision of loans by the Housing Bank to low-income citizens, defined as those whose monthly family income does not exceed ten times the minimum monthly salary, for the purchase or construction of a housing unit. The amount of each loan cannot exceed 80% of the value of the housing unit, or 300 million Lebanese Pounds, the equivalent of about KD 60 thousand, whichever is lower, and the loan repayment period cannot exceed 30 years.
2. Loans to Middle-Income Citizens: This component includes the provision of loans by the Housing Bank to middle-income citizens, defined as those whose monthly family income ranges between ten and fifteen times the minimum monthly salary, for the purchase or construction of a housing unit. The amount of each loan cannot exceed 80% of the value of the housing unit, or 450 million Lebanese Pounds, the equivalent of about KD 90 thousand, whichever is lower, and the loan repayment period cannot exceed 30 years.
Financing: The Arab Fund’s loan covers about 80% of the total project cost. Beneficiaries from the housing loans will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2019 49 ANNEX 1 PROJECT 6 of 11
Republic of Sudan Construction of a 500 kV Transmission Ring Around Khartoum
Loan No.: 667 Interest Rate: 2.0% Sudanese Electricity Beneficiary: Transmission Grace Period: 7 years Company (SETCO) Project Cost: KD 69.0 million Maturity: 30 years Amount of 47 semi-annual KD 60.0 million Repayment: Loan: installments Date of Board 25/04/2019 7 years Approval: First following the first Date of Loan Installment: - Effectiveness: disbursement
Objectives: The project aims at evacuating the energy that is expected to be produced from the under- construction and planned power plants in the city of Khartoum and its suburbs, absorbing the energy that will be imported from the Ethiopian grid, and reducing the losses and current bottlenecks in the Sudanese transmission network. This will be accomplished through the construction of a 500 kV transmission ring around Khartoum.
Description: The project, which is expected to be completed by the end of 2021, includes the expansion of two existing 500 kV substations, and the construction of a new substation and transmission line, on the same voltage, to form a closed loop around Khartoum. The project also includes the modernization of the existing National Control Center, along with the provision of technical services necessary for the execution of the project. The project comprises the following main components:
1. Substations: This includes the expansion of the existing El Kabbashi and El Markheyat 500 kV substations, and the construction of El-Bagir substation, on the same voltage, including all necessary civil works, and measurement, protection, control and communications equipment.
2. Transmission Line: This includes the conversion of the existing 36 km 500 kV El Kabbashi – El Markheyat transmission line from single circuit to double circuit, and the construction of a 500 kV, 225 km long, double circuit transmission line that starts in El Markheyat substation, passes through Jabal El Awlia and El Bagir substations, and ends up in El Kabbashi substation.
3. Modernization of the National Control Center: This includes the replacement of the computers, file servers, software and the main display screen with modern ones in order to ensure that the Center continues to reliably monitor and control the operation of the network. It also includes the training of the technical staff in the Center.
50 Annual Report 2019 ANNEX 1 PROJECT 6 of 11 CONTD.
4. Technical Services: This includes the consultancy services required for tender evaluation, design review, supervision of construction works and equipment manufacturing, and witness testing for network modernization works, along with the consultancy services necessary for the modernization of the National Control Center, including the supervision of such works.
Financing: The Arab Fund’s loan covers about 87% of the total project cost. The Sudanese Government will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2019 51 ANNEX 1 PROJECT 7 of 11
Islamic Republic of Mauritania Drinking Water and Development of Oases in Rural Areas (Supplementary Loan)
Loan No.: 668 Interest Rate: 2.0% Ministry of Economy and Finance, Water Department in the Beneficiary: Grace Period: 7 years Ministry of Water and Sanitation, Ministry of Rural Development Project Cost: KD 24.9 million Maturity: 31 years Amount of 49 semi-annual KD 3.0 million Repayment: Loan: instalments Date of Board 25/04/2019 7 years Approval: First following the first Date of Loan Installment: 08/09/2019 Effectiveness: disbursement
Objectives: The project aims at providing drinking water to the inhabitants of rural villages in different parts of Mauritania, as well as improving their health and living conditions. The project also aims at developing groundwater sources and regulating surface water in oases for agricultural use. The project will contribute to strengthening the efforts to fight poverty and unemployment, improving farmers’ income, providing employment opportunities and maintaining the population in rural oases areas.
Description: The project, which is expected to be completed by the end of 2020, includes the rehabilitation of existing drinking water facilities in about 100 rural villages being currently supplied, and that of equipment and supplies of facilities in a number of other villages. The project also includes the supply of about 300 villages deprived of drinking water services, as well as the preparation for the supply of around 200 other villages with drinking water by digging the necessary wells. In addition, the project includes the development of the rural areas in the oases through the provision of groundwater for the irrigation of about 730 hectares of palms and vegetables, the construction of a center to process and package dates, as well as the reinforcement of the ground water recharge. The project also consists of the provision of equipment to a number of existing wells, the digging and preparation of other wells, the construction of reservoirs and the laying of pipes to distribute the water for drinking and irrigation purposes, as well as the construction of levees and the rehabilitation of small dams in the rural villages in the oases. The project also includes the provision of technical services and institutional support to the beneficiary and implementing entities. The project comprises the following main components:
1. Drinking Water Works in Rural Villages: This includes the provision of submersible pumps to about 400 wells, with capacities ranging between 3 and 25 m3/hour, powered either by solar energy or by electrical generators, the construction of about 400 elevated
52 Annual Report 2019 ANNEX 1 PROJECT 7 of 11 CONTD.
reservoirs with heights of about 15 m and capacities ranging between 20 and 200 m3 each, the laying of about 2630 km of pipes with diameters ranging between 63 and 200 mm, as well as the installation of about 28900 house connections, 450 public fountains and 100 basins for watering livestock. This also includes the replacement of about 30 thousand customers’ defective water meters, the provision of about 700 meters for the production and distribution of water, and the digging of about 210 wells with depths ranging between about 60 and 180 m.
2. Rural Development Works in Oases: This includes the provision of solar powered submersible pumps to about 45 existing wells, with capacities ranging between about 6 and 20 m3/hour, the digging of about 50 wells with depths ranging between about 70 and 200 m and providing them with solar powered submersible pumps with capacities ranging between about 10 and 30 m3/hour, the construction of about 82 elevated water reservoirs with capacities ranging between about 40 and 100 m3, and heights ranging between about 10 and 20 m, and the laying of about 114 km of pipes with diameters ranging between 40 and 110 mm. This also includes the rehabilitation of about 3 existing small dams, the construction of about 4 dams with heights ranging between about 2 and 3 m each and lengths ranging between about 200 and 1200 m, as well as the construction of about 20 levees with lengths ranging between about 80 and 250 m each, width of about 8 m and height of about 1.5 m. This component also includes the construction of a center to process and package dates in Adrar, with an annual capacity of about 500 tons, and a laboratory equipped to cultivate palm tissue, conduct research and fight palm diseases.
3. Technical Services: This includes the provision of the technical and consultancy services necessary to prepare the studies and implementation plans, the design and tender documents, and the supervision services for the implementation of the project. This also includes the provision of agricultural advisory services, and the preparation of any studies required to contribute to the achievement of the project’s objectives.
4. Institutional Support: This includes the provision of equipment, supplies, and means of transport for the management of the project’s implementation, as well as the training of employees.
Financing: The two Arab Fund loans, the first No. 601/2013 and the supplementary, cover about 92% of the total project cost. The Mauritanian Government will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2019 53 ANNEX 1 PROJECT 8 of 11
Kingdom of Morocco Development of Motorways
Loan No.: 669 Interest Rate: 2.5% Société Nationale Beneficiary: des Autoroutes du Grace Period: 6 years Maroc (ADM) Project Cost: KD 137.8 million Maturity: 30 years Amount of 49 semi-annual KD 70.0 million Repayment: Loan: installments Date of Board 08/10/2019 6 years Approval: First following the first Date of Loan Installment: - Effectiveness: disbursement
Objectives: The project aims at improving land transportation services on the road network in Morocco to accommodate the rapidly increasing road traffic and reduce traffic accidents. The project will also contribute to the economic and social development of the Casablanca – Settat Region, specifically the city of Casablanca and its surrounding areas.
Description: The project, which is expected to be completed by the end of 2022, consists of the following three main components:
1. Construction of the Tit Mellil – Berrechid Motorway: This includes the construction of a motorway between Tit Mellil and Berrechid with a length of about 29 km, consisting of 4 lanes, 2 in each direction, with a width of 3.5 m each, a median with a width between 4 and 12 m, and shoulders on each side of the road with a width of 3 m.
2. Expansion of the Casablanca Ring Motorway: This includes the expansion of the Casablanca ring motorway, which has a length of about 31 km and currently consists of 2 lanes in each direction with a width of 3.5 m each, through the addition of a third lane of the same width in each direction.
3. Expansion of the Casablanca – Berrechid Motorway: This includes the expansion of the Casablanca – Berrechid Motorway, which has a length of about 26 km and currently consists of 2 lanes in each direction with a width of 3.5 m each, through the addition of a third lane of the same width in each direction.
Each main component of the project includes the following:
a. Civil Works: This includes the execution of earthworks, pavement works and drainage works for the motorway, and the construction works related to interchanges, main bridges over water courses, over-passes, underpasses, and pedestrian crossings.
b. Ancillary Works: This includes the execution of all the necessary works to construct and develop the operations and maintenance centers, and the buildings and equipment related
54 Annual Report 2019 ANNEX 1 PROJECT 8 of 11 CONTD.
to toll stations. It also includes the works related to traffic safety, and the extension and restoration of the utility networks affected by the project works, such as water pipelines, electricity and telephone lines, as well as other ancillary works. c. Project Management: This includes setting up a project implementation unit to manage and supervise the project, as well as acquiring the services of consultancy firms to assist in monitoring of project execution and technical supervision of the works, and of specialized quality control laboratories.
Financing: The Arab Fund’s loan covers about 51% of the total project cost. The European Investment Bank contributes to the financing of the project with a loan equivalent to about KD 26 million (about 19%). ADM and the Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2019 55 ANNEX 1 PROJECT 9 of 11
Islamic Republic of Mauritania Development of Oases
Loan No.: 670 Interest Rate: 2.0% Ministry of Rural Beneficiary: Grace Period: 7 years Development Project Cost: KD 10.4 million Maturity: 31 years Amount of 49 semi-annual KD 9.0 million Repayment: Loan: installments Date of Board 08/10/2019 7 years Approval: First following the first Date of Loan Installment: - Effectiveness: disbursement
Objectives: The project aims at conserving and developing existing oases, and creating new ones, through the rationalization of the use of water from existing surface wells, the excavation of deep wells to irrigate new areas using modern irrigation systems for palm tree cultivation, in addition to the preservation of water and soil in the oases areas. The project also aims at developing the marketing of dates, and will contribute to the efforts to combat poverty and unemployment in oases, improve the farmers’ incomes, provide job opportunities and achieve stability for the residents.
Description: The project, which is expected to be completed by the end of 2024, includes the development of production of palm trees in some oases areas, through the construction of about 1000 small irrigation units on existing surface wells, which will be equipped with submersible pumps powered by solar energy, and the laying of a small irrigation network by each well. The project also includes the construction of 74 new irrigation units with areas ranging between 6 and 100 hectares each, which will provide drip irrigation through irrigation networks supplied from deep wells to be excavated. The project also includes the increase in the capacity of the date preserving and packaging unit by about 500 tons annually. The project includes the following main components:
1. Water and Irrigation Works: This includes the equipping of about 1000 existing surface wells with submersible pumps powered by solar energy, with capacities ranging between about 2 and 5 m3/hour, and the laying of small irrigation networks by the wells. This component also includes preparation works for about 1250 hectares of land, excavation of about 100 wells with depths ranging between about 60 and 300 m and equipping them with submersible pumps ranging in capacity between about 8 and 40 m3/hour, construction of about 100 elevated water reservoirs with heights ranging between about 10 and 20 m, and capacities ranging between about 40 and 100 m3, laying of main and subsidiary pipelines with a total length of about 100 km and diameters ranging between about 63 and 200 mm, in addition to the irrigation networks, which include the provision and installation of the necessary equipment and supplies. This component also includes the construction
56 Annual Report 2019 ANNEX 1 PROJECT 9 of 11 CONTD.
of thresholds with lengths ranging between 100 and 200 m, and the execution of all necessary works for soil protection and water preservation.
2. Expansion of the Date Preserving and Packaging Unit: This includes the execution of all necessary works to increase the capacity of the existing date preserving and packaging unit in the Atar region by about 500 tons annually. This specifically includes the addition of 4 refrigerated rooms with their accessories, as well as the acquisition of all necessary equipment and supplies to treat and package dates.
3. Technical Services: This includes technical and consultancy services necessary to prepare studies, designs, execution plans, tender documents, and the supervision services for project implementation. This also includes the provision of agricultural advisory services to farmers, the preparation of any studies which will contribute to the achievement of the project objectives, in addition to the use of expert consultants to provide the necessary assistance to the entity in charge of the project execution management.
4. Institutional Support: This includes the acquisition of equipment and supplies for a palm disease and biotechnology laboratory in the Atar region, with the objective to conduct the necessary research for the preservation and development of the local palm species. This component also includes the provision of some equipment, supplies and means of transport for the project execution management, and the training of employees.
Financing: The Arab Fund’s loan covers about 87% of the total project cost. The Mauritanian Government will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2019 57 ANNEX 1 PROJECT 10 of 11
Islamic Republic of Mauritania Tidjikja – Kiffa – Selibaby – Mali Border Road
Loan No.: 671 Interest Rate: 2.0% Ministry of Beneficiary: Equipment and Grace Period: 7 years Transport Project Cost: KD 90.9 million Maturity: 31 years Amount of 49 semi-annual KD 52.0 million Repayment: Loan: installments Date of Board 08/12/2019 7 years Approval: First following the first Date of Loan Installment: - Effectiveness: disbursement
Objectives: The project aims at contributing to the development of land transport services on the main road network in the country, ensuring traffic safety, and stimulating trade between various regions of the country, and between Mauritania and neighboring countries, by providing an internal axis to improve the connection between the north, center and south of the country. The project will also contribute to the development of the areas adjacent to the road by increasing their accessibility, and the improvement of the economic and social conditions of their residents.
Description: The project, which is expected to be completed by the end of 2022, comprises the construction of a road with six sections, extending from the city of Tidjikja to the Mali border, passing through several cities, most notably Kiffa and Selibaby, in addition to some subsidiary roads leading to towns and villages adjacent to the road, and a bridge over Oued Karakoro. The first section of the road extends from Tidjikja to Goudia with a length of about 92 km, the second from Goudia to Boumdeїd with a length of about 70 km, the third from Boumdeїd to Kiffa with a length of about 108 km, the fourth from Kiffa to Kankossa with a length of about 84 km, the fifth from Kankossa to Leboulli with a length of about 97 km, and the sixth from Leboulli to Gabou passing though Selibaby with a length of about 99 km. The project includes the following components:
1. Civil Works: This includes the execution of all the necessary works for the construction and paving of the road extending between the city of Tidjikja and the Mali border, which accommodates two traffic lanes, one in each direction with a width of 3.5 m, paved asphalt, and outer shoulders with a width of 1.5 m on each side. This component also includes the necessary works for the construction of a concrete bridge over Oued Karakoro with a length of about 255 m. The works include excavation, backfilling, and various layers of base and pavements, as well as the construction of several water drainage facilities, the protection of the road from moving sand, the processing and stabilization of sand dunes, in addition to the necessary complementary works to ensure traffic safety.
58 Annual Report 2019 ANNEX 1 PROJECT 10 of 11 CONTD.
2. Consultancy Services: This includes the preparation of technical studies, designs and specifications, and tender documents, in addition to assistance in the qualification of contractors, call for tenders and bid evaluation, the supervision of works, as well as making any necessary modifications to the project designs during implementation.
3. Institutional Support: This includes the provision of some necessary machinery and equipment to the Ministry of Equipment and Transport, in addition to the implementation of a training program for its employees.
Financing: The Arab Fund’s loan covers about 57% of the total project cost. The Islamic Development Bank contributed to the coverage of the cost of the fourth section of the road with an amount of about KD 12.1 million (about 13%). The Mauritanian Government finances the third section of the road, and will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2019 59 ANNEX 1 PROJECT 11 of 11
Arab Republic of Egypt Establishment of a Water System for Bahr El Bakar Drain (Supplementary Loan)
Loan No.: 672 Interest Rate: 2.5% Ministry of Housing, Beneficiary: Facilities and Urban Grace Period: 6 years Communities Project Cost: KD 848.0 million Maturity: 30 years Amount of 49 semi-annual KD 75.0 million Repayment: Loan: installments Date of Board 08/12/2019 Approval: First 6 years following the Date of Loan Installment: first disbursement - Effectiveness:
Objectives: The project represents one of the main components of the Sinai Peninsula Development Program, which aims at improving conditions and achieving political and social stability in this area. The project aims at contributing to the development of the Sinai Peninsula through the provision of 5 million m3 daily of treated water for the irrigation of about 330 thousand feddan to produce the appropriate agricultural crops, and construct agro-industrial facilities and barns to raise cattle. This is to be achieved by transporting polluted drainage water from Bahr El Bakar in the west Suez Canal to the east of the canal, and treating it for irrigation purposes.
Description: The project, which is expected to be completed by the end of 2022, comprises the following main components:
1. Construction of the Main Facilities
a. Treatment Plant: This includes the construction of a treatment plant with a capacity of about 5 million m3 daily, consisting of a lift station at the water’s intake, and the installation of course and fine screens, coagulation and flocculation tanks, and construction of sand filters and disinfection facilities for the treated water. This component also includes the construction of sludge drying facilities, the construction of administration buildings, fencing and beautification of the site, earthworks and paving of roads, in addition to all the other necessary civil and electromechanical works, and operation and maintenance of the plant for 5 years.
b. Water Carrier: This includes the construction of a barrier wall on the Bahr El Bakar water drain, and the construction of a channel, with a length of about 19 km and a width of about 100 m, to transport the water to the main lift station, and then to the treatment plant by a channel with a length of about 1 km. This component includes the construction of bridges, tunnels and all the other necessary civil and electromechanical works.
c. Pumping Stations: This includes the construction of a lift station with a capacity of about
60 Annual Report 2019 ANNEX 1 PROJECT 11 of 11 CONTD.
170 thousand m3 daily at the water intake on the water drain of Shadir Azam, and the construction of a main lift station to transport water from the west to the east of the Suez Canal with a capacity of about 5 million m3 daily. This component includes the construction of all the other necessary civil and electromechanical works.
2. Consultancy Services: This includes the preparation of the necessary studies, design and bid documents, supervision of works, and follow up during the maintenance period.
3. Land Acquisition: This includes the acquisition of land and the necessary compensations needed for the construction of the project and its operation.
4. Set Up of Farms, Cattle Raising Barns and Agro-industrial Production Facilities: This includes the reclamation of land, setting up of farms, cattle raising barns and construction of agro-industrial facilities.
Financing: The Arab Fund’s loans, the first No. 657/2018 and the supplementary, amounting to a total of KD 145 million, cover about 17% of the total project cost. The Kuwait Fund for Arab Economic Development contributes to the financing of the project with three loans for a total of KD 130 million (about 15%). It is expected that the private sector will contribute to the financing of the project with about KD 570 million (about 67%). The Egyptian Government will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2019 61 ANNEX 2 PAGE 1 of 2
Capital, Resources and Status of Loans and Grants 1972 - 2019 (KD Million)
Amount of Loans by Year Total Administrative Surplus Years Capital Income Board Approved Resources Expenses Income Signed Loans Loans
1972 15.4 16.0 0.6 0.1 0.5 - - 1973 21.7 22.7 1.0 0.6 0.4 - - 1974 36.0 38.7 2.9 0.8 2.1 37.1 37.1 1975 52.0 57.4 3.7 0.9 2.8 56.1 56.1 1976 99.6 108.5 5.9 1.5 4.4 98.2 98.2 1977 131.9 145.7 10.3 2.1 8.2 103.9 103.9 1978 164.9 186.2 11.3 2.2 9.1 - - 1979 202.7 225.8 14.7 2.0 12.7 26.2 19.4 1980 260.7 313.2 22.1 2.2 19.9 26.1 30.2 1981 317.5 393.3 26.8 2.1 24.7 56.8 40.5 1982 374.2 482.9 36.7 2.4 34.3 72.0 67.3 1983 450.1 598.4 40.2 3.2 37.0 76.4 91.1 1984 520.5 680.4 40.2 2.9 37.3 93.1 85.6 1985 581.1 797.4 61.0 3.2 57.8 81.1 53.3 1986 642.2 960.5 113.8 3.2 110.6 66.9 104.5 1987 644.2 1,009.3 53.9 3.2 50.7 106.3 65.4 1988 644.3 1,062.0 80.0 2.9 77.1 100.8 112.9 1989 663.0 1,176.2 103.7 3.0 100.7 151.0 165.8 1990 663.0 1,236.7 68.9 3.2 65.7 203.7 195.0 1991 663.0 1,245.2 74.4 3.7 64.9 180.2 171.5 1992 663.0 1,344.4 116.7 3.2 104.7 183.5 175.7 1993 663.0 1,424.9 99.5 3.1 85.0 208.5 184.5 1994 663.0 1,421.5 2.8 3.3 0.4- 187.9 194.4 1995 663.0 1,495.3 117.2 3.4 80.6 263.5 207.5 1996 663.0 1,584.8 98.5 4.0 94.4 212.0 266.4 1997 663.0 1,675.0 105.4 4.1 96.1 281.0 244.1 1998 663.0 1,747.8 83.8 4.7 77.9 280.0 258.0 1999 663.0 1,828.7 95.3 4.7 86.6 239.0 266.0 2000 663.0 1,933.2 81.4 4.7 76.7 292.5 279.5 2001 663.0 1,983.9 53.6 4.9 48.7 276.0 285.0 2002 663.0 2,054.4 34.2 4.9 78.6 352.0 293.5 2003 663.0 2,169.8 129.2 4.9 122.4 400.0 308.5 2004 663.0 2,266.0 119.3 5.2 113.2 282.0 309.0 2005 663.0 2,354.5 108.4 5.9 102.6 254.0 335.0 2006 663.0 2,451.1 126.5 6.6 119.6 434.0 345.0 2007 663.0 2,535.0 117.3 6.0 111.2 493.0 368.0 2008 2,000.0 2,513.4 6.0 6.7 0.9- 301.0 367.0 2009 2,000.0 2,617.5 123.2 7.3 115.8 211.1 334.1 2010 2,000.0 2,669.7 95.4 6.9 89.3 410.1 361.1 2011 2,000.0 2,717.2 76.2 7.4 68.8 447.0 340.0 2012 2,000.0 2,808.6 112.0 8.4 103.6 275.0 379.0 2013 2,500.0 2,824.8 87.1 8.1 33.5 464.0 388.0 2014 2,554.9 3,051.8 92.8 8.3 84.4 340.3 413.3 2015 2,660.3 3,223.7 96.5 8.5 77.5 441.0 426.0 2016 2,740.8 3,333.5 82.1 8.5 59.2 351.0 445.0 2017 2,820.7 3,505.6 126.7 8.7 112.9 462.0 458.0 2018 2,900.0 3,617.3 61.4 8.4 49.1 414.0 393.0 2019 2,901.1 3,768.9 176.2 8.7 160.6 483.5 348.5 Total - - 3,396.8 215.0 3,072.6 10,774.6 10,470.6
62 Annual Report 2019 ANNEX 2 PAGE 2 of 2
Capital, Resources and Status of Loans and Grants 1972 - 2019 (KD Million)
Average No. of No. of No. of No. of Loan Grant Amount Repayments Grants Member Beneficiary Technical Loans Disbursements Disbursements of Loan States Countries Staff
------17 ------17 - 18 8 4.6 1.8 - 0.2 0.1 17 7 26 11 5.1 11.7 - 0.5 0.1 20 8 30 14 7.0 18.3 - 0.4 0.2 21 10 43 15 6.9 24.7 - 1.0 0.6 21 11 56 - - 61.8 0.2 0.4 0.3 21 - 48 6 4.4 37.0 2.1 0.3 0.2 21 6 30 8 3.3 25.5 3.4 0.7 0.2 21 8 32 16 3.6 36.1 6.0 1.3 0.2 22 11 29 31 2.3 26.8 9.5 1.3 0.7 22 9 21 21 3.6 30.2 11.9 1.5 0.6 22 12 32 28 3.3 29.9 10.8 1.3 0.7 22 11 37 13 6.2 44.5 12.6 1.4 1.2 22 11 44 19 3.5 57.3 26.2 3.3 1.0 22 10 50 18 5.6 48.4 25.5 3.8 2.2 22 7 50 14 7.7 45.5 26.0 5.1 2.7 22 9 50 14 10.8 84.0 31.1 3.8 4.8 22 8 50 19 10.7 40.6 26.8 4.7 3.4 21 8 52 11 16.4 85.7 46.6 3.3 4.2 21 8 45 11 16.7 103.1 44.7 3.4 3.2 21 8 46 16 13.0 116.5 40.5 5.9 3.2 21 6 43 14 13.4 115.7 40.1 3.5 4.1 21 9 45 15 17.6 174.8 42.4 5.8 3.9 21 7 46 18 11.8 212.7 46.9 2.9 3.5 21 9 61 23 12.2 178.5 50.0 4.9 3.0 21 9 66 18 15.6 165.6 53.1 3.9 3.9 21 10 65 12 19.9 173.2 51.9 6.3 4.5 21 12 68 15 19.5 228.8 119.5 13.0 5.8 21 10 69 15 18.4 182.8 93.9 5.0 5.2 21 11 69 18 19.6 161.2 90.6 4.1 4.5 21 10 71 20 20.0 199.7 122.5 7.0 5.9 21 10 68 16 17.6 250.3 101.0 5.1 6.1 21 9 67 16 15.9 282.2 155.1 4.5 6.2 21 11 69 20 21.7 281.5 306.3 13.9 7.8 21 9 68 21 23.5 274.5 136.5 11.3 6.5 21 8 67 15 20.1 284.7 129.5 10.5 6.9 21 6 68 11 19.2 249.3 186.9 7.5 8.0 21 8 69 14 29.3 291.7 167.2 9.6 7.0 21 8 69 16 27.9 233.0 157.3 13.4 6.5 21 6 65 12 22.9 235.0 165.3 7.5 8.4 21 9 66 17 27.3 251.5 158.4 7.4 10.1 21 8 67 14 24.3 257.8 159.1 13.1 8.0 22 8 71 14 31.5 195.4 181.1 7.2 7.6 22 8 72 8 43.9 203.9 163.6 3.9 8.9 22 6 76 12 38.5 269.5 242.9 7.2 6.6 22 7 77 10 41.4 179.1 140.0 7.3 5.8 22 6 78 12 40.3 246.2 131.6 6.7 6.8 22 6 80 689 15.6 6,708.6 3,716.6 236.3 190.8 - - -
Annual Report 2019 63
2019
2015
2010
2005
2000 1995
(KD Million)
1990
1985 1980
Growth in Arab Fund’s Resources During the Perod 1972 - 2019 1975
Reserves Capital 1972 0 500 3500 3000 2500 2000 1500 1000 4000
64 Annual Report 2019 Loans, Disbursements, Repayments and Debt Owed to the Arab Fund During the Period 1974 - 2019 (KD Million)
1974 - 1979 1980 - 1984 1985 - 1989 1990 - 1994 1995 - 1999 2000 - 2004 2005 - 2009 2010 - 2014 2015 - 2019
Cumulative Loans, Disbursements, Repayments and Debt Owed to the Arab Fund During the Period 1974 - 2019 (KD Million)
12000
10000
8000
6000 Million KD
4000 x x x 2000 x x x x x x x 0 1974 1980 1985 1990 1995 2000 2005 2010 2015 2019
Loans Disbursements Repayments x Debt Owed to the Arab Fund
Annual Report 2019 65 ANNEX 3
Summary of Loans Extended to Member States 1974 - 2019 (KD Million)
Effective No. of Loans Amount of Loans Loans and Disbursements
Beneficiary States Net Net Loans Effective % Disbursements Approved Approved Cancelled to Effective Loans % Net Loans Disbursements
Hashemite Kingdom 1 51 49 643.2 68.6 574.6 5.9 574.6 518.2 90.2 of Jordan
2 Republic of Tunisia 60 60 1,065.8 63.5 1,002.3 10.3 972.3 666.2 68.5
Algerian Democratic 3 26 25 395.3 112.5 282.8 2.9 282.8 282.8 100.0 and People’s Republic
4 Republic of Sudan 43 42 896.8 13.0 883.8 9.1 763.8 533.6 69.9
5 Republic of Iraq 10 7 59.7 40.2 19.5 0.2 19.6 19.6 100.0
6 Syrian Arab Republic 51 50 697.0 39.5 657.5 6.8 597.5 467.1 78.2
7 State of Libya 9 8 175.7 33.2 142.5 1.5 142.5 132.9 93.2
8 Arab Republic of Egypt 65 62 1,767.4 206.4 1,561.1 16.1 1,446.1 1,070.2 74.0
9 Republic of Yemen 105 102 927.9 24.6 903.3 9.3 849.0 561.5 66.1
10 Republic of Lebanon 31 30 622.0 36.4 585.6 6.0 452.6 330.1 72.9
11 Kingdom of Morocco 75 74 1,494.9 191.5 1,303.4 13.4 1,233.4 1,018.8 82.6
12 Kingdom of Bahrain 20 19 301.5 33.3 268.2 2.8 268.2 236.2 88.1
Somali Democratic 13 12 11 40.7 2.8 37.9 0.4 37.9 23.8 62.8 Republic
Islamic Republic of 14 66 65 747.2 24.8 722.4 7.4 661.4 484.1 73.2 Mauritania
15 Sultanate of Oman 34 33 801.5 164.5 637.0 6.6 637.0 270.2 42.4
16 Palestine 5 5 17.0 2.6 14.4 0.1 14.4 14.4 100.0
17 Republic of Djibouti 26 24 121.0 5.0 116.0 1.2 116.0 79.0 68.1
Total 689 666 10,774.6 1,062.1 9,712.4 100.0 9,069.1 6,708.6 74.0
66 Annual Report 2019 ANNEX 4
Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2019 (KD Million)
Productive Infrastructure Sectors Sectors
Beneficiary States Sectors * Percentage Grand Total Other Sectors Mining Social Services Transport Sewerage Electricity Water and Water and Rural Energy and Agriculture Industry and Development Telecommunications
Hashemite Kingdom 1 65.6 6.0 308.9 8.8 121.4 23.0 73.0 36.5 643.2 6.0 of Jordan
2 Republic of Tunisia 369.8 4.7 130.8 109.9 296.0 59.0 75.0 20.6 1,065.8 9.9
Algerian Democratic 3 45.0 7.8 147.0 30.0 77.3 10.0 70.0 8.2 395.3 3.7 and People’s Republic
4 Republic of Sudan 198.6 7.7 341.5 29.3 255.5 64.2 - - 896.8 8.3
5 Republic of Iraq - 5.0 8.5 - 8.0 18.8 - 19.4 59.7 0.6
6 Syrian Arab Republic 69.0 60.7 368.0 47.5 86.1 52.1 13.0 0.6 697.0 6.5
7 State of Libya - 12.5 127.2 - - 36.0 - - 175.7 1.6
8 Arab Republic of Egypt 132.0 - 1,056.4 291.0 50.0 121.9 83.4 32.0 1,767.4 16.4
9 Republic of Yemen 326.9 8.9 208.9 112.6 63.3 35.2 126.1 46.0 927.9 8.6
10 Republic of Lebanon 145.0 - 115.5 109.0 63.0 - 155.5 34.0 622.0 5.8
11 Kingdom of Morocco 813.0 4.0 85.5 122.3 427.5 9.0 33.0 0.6 1,494.9 13.9
12 Kingdom of Bahrain 50.5 6.0 84.0 66.0 - 25.0 70.0 - 301.5 2.8
Somali Democratic 13 16.5 2.9 6.8 5.0 9.5 - - - 40.7 0.4 Republic
Islamic Republic of 14 154.8 11.1 295.8 173.9 19.3 53.8 4.5 34.0 747.2 6.9 Mauritania
15 Sultanate of Oman 358.5 3.0 22.0 235.0 3.0 6.0 100.0 74.0 801.5 7.4
16 Palestine 5.0 - - - 6.0 - 6.0 - 17.0 0.2
17 Republic of Djibouti 17.5 5.9 31.0 37.0 1.9 0.7 27.0 - 121.0 1.1
Total 2,767.7 146.2 3,337.8 1,377.3 1,487.8 514.7 836.5 305.8 10,774.6 100.0 Percentage 25.7 1.3 31.0 12.8 13.8 4.8 7.8 2.8 100.0
* Include the Education, Health, Housing and Social Development Sectors.
Annual Report 2019 67 Djibouti Others Palestine s Oman Social Service Mauritania Somalia Industry & Mining Bahrain Morocco Lebanon Agriculture & Rural Development Yemen (KD Million) Egypt 1974 - 2019 ter & Sewerage Wa Libya Syria Iraq Energy & Electric Power Sudan Algeria elecommunications T Sectoral Distribution of Loans Among Beneficiary Member States, t Tunisia ranspor T Jordan
0 800 600 400 200 1800 1600 1400 1200 1000
68 Annual Report 2019 ANNEX 5 PAGE 1 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(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 78/82 5,000 - - 5,000 5,000 (Jordan and Syria)* 7 Potable Water to the Rural Areas* 82/82 700 - - 700 700 8 Electric Power Development III 92/82 5,000 - - 5,000 5,000 (Aqaba Power Station)* 9 Fifth Pan-Arab Telecommunications 96/82 1,000 - - 1,000 1,000 (Inter-Arab)/(Earth Stations)* 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 184/86 1,500 4 - 1,496 1,496 Basin (Inter-Arab)* 17 Extension of Aqaba Thermal Power Station** 192/87 7,000 7,000 - - - 18 Shaidiya Phosphate Mines* 224/89 8,000 700 - 7,300 7,300 19 Jordan-Egypt Power Link* 233/89 10,500 - - 10,500 10,500 20 Supporting Operations of Jordan 239/90 8,000 - - 8,000 8,000 Electricity Authority and the Jordan Phosphate Mines Co.* 21 Industrial Development Bank Opera- 252/90 5,000 17 - 4,983 4,983 tions Program, 1990-1993* 22 Karameh Dam* 277/93 15,000 1,104 - 13,896 13,896 23 Second Agricultural Credit for Income 283/93 2,500 - - 2,500 2,500 Diversification* 24 King Abdallah Teaching Hospital* 285/93 10,000 399 - 9,601 9,601 25 Aqaba Power Station Phase II and 301/94 35,000 - - 35,000 35,000 Reinforcement of Internal Transmis- sion Lines* 26 Interconnection of Jordan and Syria 311/95 19,500 - - 19,500 19,500 Power Grids (Jordan)* 27 Aqaba Thermal Power Station (Phase III)* 320/95 26,000 - - 26,000 26,000 28 Hwarat-Abu Zeighan Irrigation Water 333/96 1,900 595 - 1,305 1,305 Pipeline* 29 Infrastructure Development in the 358/97 6,000 446 - 5,554 4,729 Poor Areas* 30 Integrated Development in the 359/97 34,000 11,395 - 22,605 20,781 Southern Ghors* * Completed Project. ** Fully Cancelled Loan.
Annual Report 2019 69 ANNEX 5 PAGE 2 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(1) Hashemite Kingdom of Jordan 31 Integrated Development in the Southern 365/98 12,000 356 - 11,644 10,594 Ghors (Phase II - Mujib Dam)* 32 King Abdallah Teaching Hospital 371/98 15,000 29 - 14,971 14,061 (Second Loan)* 33 Prince Hamza Hospital* 386/99 23,000 9,348 - 13,652 10,932 34 Al-Wehdah Dam* 394/2000 35,000 6,082 - 28,918 19,568 35 Completion of Buildings and Equipment 404/2000 15,000 15,000 - - - of the Hashemite University** 36 Education Reform - School Buildings* 444/2003 10,000 318 - 9,682 6,042 37 Amman Development Corridor (Section I)* 455/2003 12,000 1 - 11,999 4,519 38 Al-Samra Power Generating Station* 462/2004 30,000 9,000 - 21,000 12,000 39 Amman Development Corridor - 499/2006 10,000 - - 10,000 2,320 Phase I (Second Loan)* 40 Al-Samra Power Generating Station (Phase II)* 515/2007 20,000 - - 20,000 8,550 41 Comprehensive Development of 522/2007 6,000 - - 5,926 2,210 Wadi Araba Region (Phase l) 42 Al-Samra Electric Power Generating 524/2007 30,000 - - 30,000 10,320 Station (Phase lII)* 43 Al-Samra Electric Power Generating 542/2009 30,000 - - 30,000 8,910 Station (Financing Phase IV and Additional Financing for Phase III)* 44 Sanam Coated Glass Factory (P)* 12P/2010 5,066 323 - 4,743 418 45 Al-Samra Electric Power Generating 567/2011 30,000 - - 27,519 5,740 Station (Phase V)* 46 Al-Samra Electric Power Generating 587/2012 30,000 - - 27,632 4,860 Station (Phase VI)* 47 Al-Samra Electric Power Generating 620/2015 16,000 - - 11,551 - Station (Phase VII) 48 Program to Supoort Small and Medium 623/2015 30,000 - 6,000 12,000 - Private Sector Projects and Enterprises 49 Infrastructure Development in the Petra Region 630/2015 6,000 1,555 626 4,445 - 50 Irbid Ring Road (Phase 1) 642/2017 15,000 - - - - 51 As Salt Ring Road 648/2017 14,000 - - - - Subtotal 643,216 68,594 6,626 518,250 340,963 (2) Republic of Tunisia 1 Tunis Sud Electric Power* 3/74 2,000 1 - 1,999 1,999 2 El-Borma Gas* 15/75 4,000 4 - 3,996 3,996 3 Development Credit* 34/77 7,000 - - 7,000 7,000 4 Water Supply for Industry in Gabes* 50/79 3,300 1,018 - 2,282 2,282 5 Ghardima Plain Irrigation* 57/80 3,500 478 - 3,022 3,022 6 Bizerte Fisheries Port* 64/81 3,800 649 - 3,151 3,151 7 Fourth Pan-Arab Telecommunications* 72/81 3,700 - - 3,700 3,700 8 Potable Water to Rural Areas* 83/82 600 88 - 512 512 9 Wadi Lubna for Irrigation and 91/82 3,500 1,628 - 1,872 1,872 Agricultural Development* 10 Fifth Pan-Arab Telecommunications 101/82 1,000 3 - 997 997 (Earth Stations)*
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
70 Annual Report 2019 ANNEX 5 PAGE 3 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(2) Republic of Tunisia 11 Water Supply for the Central and 115/83 4,000 1,489 - 2,511 2,511 Southern Coastal Areas* 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 3,421 19 Tunis Municipality Road Rehabilitation* 213/88 2,700 - - 2,700 2,700 20 Rehabilitation and Maintenance of the Phosphoric 228/89 16,000 - - 16,000 16,000 Acid and Fertilizers Company’s Factories* 21 Hammamat-Masaken Motorway* 242/90 20,000 - - 20,000 20,000 22 Tunisia-Libya Power Link* 243/90 17,800 - - 17,800 16,200 23 Maintenance of Flood-Damaged Roads* 253/90 5,000 1,049 - 3,951 3,951 24 Sidi El-Barraq Dam Project for 273/92 20,000 3,217 - 16,783 16,783 Potable Water and Irrigation* 25 Integrated Rural Development (Phase II)* 293/94 21,000 372 - 20,628 20,628 26 Roads Development* 296/94 10,000 - - 10,000 10,000 27 University Buildings in Gafsa* 321/96 10,000 2,119 - 7,881 7,881 28 Al-Wakael Project (Phase III)* 328/96 5,000 254 - 4,746 4,746 29 Zarqa Dam and the Irrigation of 338/96 13,000 3,830 - 9,170 8,465 Tbarqa and Mekna Plains* 30 Hima, Abeed, Rumail and Al-Bark 348/97 22,000 6,497 - 15,503 14,318 Dams for Irrigation* 31 Supporting the Vocational Training 361/97 11,000 134 - 10,866 9,876 and Employment Programs* 32 Improvement of the Roads Network 374/98 35,000 30 - 34,970 29,970 and Rural Roads* Development* 33 Tunis - Bizerte Motorway* 382/99 24,000 4,877 - 19,123 15,273 34 El-Kebir and El-Maoula Dams* 391/99 28,000 4,525 - 23,475 16,105 35 Development of the Industrial Parks* 402/2000 14,000 4,776 - 9,224 7,742 36 Tunis - Mejez El-Bab Motorway* 405/2000 25,000 1,885 - 23,115 16,665 37 Developmental Credit Lines* 413/2001 11,000 2,000 - 9,000 6,976 38 Construction of Six Dams in the North 428/2002 32,000 6,263 - 25,737 16,147 to Supply Potable Water* 39 Modernization of the Transmission Network* 443/2003 30,000 - - 30,000 18,920 40 Sarrat Dam and Irrigation of Oulad 459/2004 12,000 1,290 270 10,710 4,610 Bou Ghanem and Mahjouba Plains* 41 Al-Wakael Project (Phase IV)* 464/2004 4,000 1,702 - 2,298 1,623 42 Regional and Rural Roads Network* 483/2005 16,000 125 - 15,875 7,249 43 Wadi Al-Kabir Dam in Gafsa Province* 490/2006 3,000 566 - 2,434 916 44 Ghannouch Combined Cycle Power 494/2006 25,000 62 - 24,938 9,168 Generating Station* 45 Regional and Rural Roads Network (Phase II)* 518/2007 22,000 1,226 - 20,774 8,384 46 Ghannouch Combined Cycle Power 543/2009 15,000 - - 15,000 5,590 Generating Station (Supplementary Loan)* * Completed Project.
Annual Report 2019 71 ANNEX 5 PAGE 4 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(2) Republic of Tunisia 47 Sousse Power Generating Station 553/2010 37,000 6,322 520 30,678 6,678 (Second Expansion)* 48 Oued Zarga - Bousalem Motorway 561/2011 38,000 - 1,113 27,350 4,360 49 Urgent Program to Support Small 573/2011 15,000 - - 15,000 1,290 Private Sector Projects* 50 Integrated Development Program 574/2011 42,000 - 3,000 23,947 4,800 51 Mdhila 2 Triple Super Phosphate 592/2013 22,000 - 1,202 12,125 - Fertilizer Production 52 Regional and Rural Roads Network 608/2014 40,000 - 2,602 26,117 - (Phase III) 53 Upper Mellegue Dam 609/2014 30,000 - 793 2,559 - 54 Development of the Classified Road 624/2015 50,000 - 6,287 36,293 - Network and Rural Roads 55 Construction of Saida and Kalaa 631/2015 50,000 - 4,573 6,060 - Kebira Dams, and Related Water Conveyance Facilities 56 Construction of Bridges on Classified Roads 640/2017 20,000 - 658 835 - 57 Tunis - Jelma Motorway 647/2017 50,000 - - - - 58 Support to Primary Education 650/2017 50,000 - 599 599 - 59 Integrated Development Program 655/2018 50,000 - - - - (Third Phase) 60 Tasa and Khallad Dams 661/2018 30,000 - - - - Subtotal 1,065,775 63,508 21,617 666,152 395,902 (3) Algerian Democratic and People’s Republic 1 New Arzew Port* 5/74 6,000 1,563 - 4,437 4,437 2 Telecommunications* 10A/75 300 52 - 248 248 3 Jijel Port* 42/77 12,000 6,760 - 5,240 5,240 4 Navigation Inspection Unit* 55/80 2,000 70 - 1,930 1,930 5 Fourth Pan-Arab Telecommunications* 71/81 4,500 153 - 4,347 4,347 6 Two Hospitals in Tihart State* 94/82 5,000 1,624 - 3,376 3,376 7 Fifth Pan-Arab Telecommunications 102/82 1,000 - - 1,000 1,000 (Earth Stations)* 8 The Mitigation of Earthquake Risks 117/83 4,700 3,704 - 996 996 (First Loan)* 9 Agricultural Credit* 140/84 6,000 - - 6,000 6,000 10 Wadi Mina Irrigation* 167/85 6,500 1,364 - 5,136 5,136 11 Sharfa Dam* 183/86 10,800 2,042 - 8,758 8,758 12 Bani Haroun Dam for Municipal Water, 210/88 17,000 127 - 16,873 16,873 Electricity and Irrigation (First Loan)* 13 South Power Supply: Adrar Power Station* 261/91 21,000 1,028 - 19,972 19,972 14 Bashar-National Grid Power Link* 280/93 16,000 2,235 - 13,765 13,765 15 Bani Haroun Dam for Municipal 298/94 6,000 - - 6,000 6,000 Water, Electricity and Irrigation (Supplementary Loan)* 16 Power Generating Station in Hassi Massoud* 324/96 40,000 57 - 39,943 39,943 17 The Mitigation of Earthquake Risks 332/96 3,500 1,887 - 1,613 1,613 (Second Loan)* * Completed Project.
72 Annual Report 2019 ANNEX 5 PAGE 5 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(3) Algerian Democratic and People’s Republic 18 Development of Small and Medium Industries* 339/97 10,000 1,012 - 8,988 8,988 19 Power Generating Station in Hassi 353/97 10,000 47 - 9,953 9,953 Massoud (Supplementary Loan)* 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 396/2000 35,000 12,190 - 22,810 22,810 Central Region* 23 Pumping and Conveyance of Bani 415/2001 31,000 3,902 - 27,098 27,098 Haroun Water (First Stage)* 24 Conveyance of Bani Haroun Water 424/2002 30,000 21,597 - 8,403 8,403 (Conveyor to Othmania Dam)* 25 Afroun- Husseinia Motorway* 426/2002 27,000 19,599 - 7,401 7,401 26 Housing Construction and Reconstruction** 450/2003 30,000 30,000 - - -
Subtotal 395,300 112,487 - 282,813 282,813 (4) Republic of Sudan 1 Gadaref-Kassala Motorway (First Loan)* 6/74 8,000 - - 8,000 8,000 2 Telecommunications* 9/75 4,800 257 - 4,543 4,543 3 Rahad Roads* 16/75 4,400 11 - 4,389 4,389 4 Sennar-Damazin Motorway* 31/76 11,000 986 - 10,014 10,014 5 Railways Development* 46/77 5,000 32 - 4,968 4,968 6 Gadaref-Kassala Motorway 51/79 5,200 - - 5,200 5,200 (Supplementary Loan)* 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 100/82 1,300 223 - 1,077 1,077 (Earth Stations)* 10 Rehabilitation of Sugar Industry (First Loan)* 110/83 6,000 - - 6,000 6,000 11 Rehabilitation of Sugar Industry 111/83 7,500 - - 7,500 7,500 (Second Loan)* 12 Rehabilitation of Gezira Agricultural 136/84 8,000 - - 8,000 8,000 Scheme (First Loan)* 13 Rehabilitation of Gezira Agricultural 155/85 4,400 - - 4,400 4,400 Scheme (Second Loan)* 14 Rehabilitation of Khartoum Water and 179/86 2,500 - - 2,500 2,500 Sewerage Facilities* 15 Rehabilitation of Telecommunications 180/86 1,600 - - 1,600 1,600 (Phase I)* 16 Rehabilitation of the Sugar Industry 181/86 3,400 - - 3,400 2,420 (Third Loan)* 17 Rehabilitation of Gezira Agricultural 182/86 9,600 - - 9,600 8,010 Scheme (Third Loan)* 18 National Power Grid* 198/87 8,500 - - 8,500 8,500 19 Port Sudan Water Supply* 206/87 10,000 5,000 - 5,000 3,680 20 Textiles Rehabilitation* 208/88 4,500 3,765 - 735 735 21 Paving of the Main Roads* 392/2000 23,000 - - 23,000 11,780 22 Roseires Dam* 393/2000 12,000 - - 12,000 6,175 23 Atbara - Haiya - Port Sudan Road* 410/2001 25,000 - - 25,000 8,100 24 Merowe Dam* 422/2002 46,000 - - 46,000 17,500 25 Generation and Transmission of 448/2003 30,000 - - 30,000 8,000 Electricity from Merowe Dam* * Completed Project. ** Fully Cancelled Loan.
Annual Report 2019 73 ANNEX 5 PAGE 6 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(4) Republic of Sudan 26 Gadaref-Doka-Gallabat Road* 457/2003 9,000 130 - 8,870 2,741 27 Merowe Dam Road* 474/2005 4,000 - - 1,534 1,209 28 White Nile Sugar* 476/2005 21,000 - - 21,000 5,440 29 Heightening of Roseires Dam (Phase II)* 521/2007 58,000 - - 58,000 6,000 30 Merowe Dam (Supplementary Loan)* 528/2008 58,000 - - 56,634 6,000 31 Al Salam Cement Factory (P)* 8P/2008 2,778 - - 2,778 2,778 32 White Nile Sugar (Supplementary Loan) 548/2010 30,000 - - 29,198 1,245 33 Khartoum New International Airport 552/2010 50,000 - - - - 34 Upper Atbara and Setit Dams Complex* 557/2010 50,000 - 943 50,000 - 35 Electric Power Generating Station in the 566/2011 30,000 - 4,900 24,535 - Upper Atbara and Setit Dams Complex 36 East Sudan Roads 578/2012 54,000 - 5,305 34,885 - 37 Water Harvesting in Border Provinces 582/2012 15,000 - 16 4,140 - 38 Loan Program for Industrial 586/2012 10,000 - - - - Development Projects 39 Upper Atbara and Setit Dams 591/2013 30,000 - 2,076 8,841 - Complex (Supplementary Loan)* 40 Nyala - El-Geneina Transmission 599/2013 57,000 - - - - Line to the Darfur States 41 Roseires Irrigation (Phase I) 633/2016 60,000 - - - - 42 Construction of El Bagair Power 643/2017 52,000 - - - - Generating Station 43 Construction of 500 kV Transmission 667/2019 60,000 - - - - Ring Around Khartoum Subtotal 896,778 12,978 13,240 533,567 170,231 (5) Republic of Iraq 1 Deep Freeze Store* 107/83 10,000 2,741 - 7,259 3,593 2 Fifth Pan-Arab Telecommunications 141/84 5,000 627 - 4,373 603 (Earth Stations-Arabsat) 3 Mitigation of Earthquake Risks 150/84 525 22 - 503 113 4 Deep Freeze Store in Ninawa** 169/85 8,900 8,900 - - - 5 Agricultural Credit 200/87 8,000 5,322 - 2,678 338 6 Industrial Credit 209/88 8,000 4,274 - 3,726 476 7 Industrial Credit II 225/89 2,800 2,517 - 283 49 8 Abattoir and Meat Processing Unit 226/89 3,800 3,051 - 749 99 (Central Region) Abattoir and Meat Processing 9 235/90 4,200 4,200 - - - Unit-Basra** 10 Basra Power Grid 248/90 8,500 8,500 - - - Subtotal 59,725 40,154 - 19,571 5,271 (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
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
74 Annual Report 2019 ANNEX 5 PAGE 7 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(6) Syrian Arab Republic 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 95/82 1,000 - - 1,000 1,000 (Earth Stations)* 10 Damascus-Sanamein-Jordanian 128/83 9,000 - - 9,000 9,000 Border Road* 11 Mehardeh Power Station Extension 146/84 6,500 239 - 6,261 6,261 (First Loan)* 12 Mitigation of Earthquake Risks* 151/84 575 11 - 564 564 13 Pesticides Arab Joint Venture (Syria-Jordan)** 154/84 1,900 1,900 - - - 14 Mehardeh Power Station Extension 156/84 4,500 143 - 4,357 4,357 (Second Loan)* 15 Damascus Water Supply (Second Loan)* 164/85 3,000 361 - 2,639 2,639 16 Fifth Pan-Arab Telecommunications 172/86 1,000 - - 1,000 1,000 (Earth Stations) - (Supplementary Loan)* 17 Tenf Pilot Scheme in Hammad Basin 185/86 1,700 - - 1,700 1,700 (Inter-Arab)* 18 Ghab and Asharneh Plains Irrigation* 193/87 15,000 995 - 14,005 14,005 19 Mehardeh Power Station Extension 194/87 2,500 - - 2,500 2,500 (Supplementary Loan)* 20 Hamah-Saraqeb Road and Ain Eissa- 214/88 8,000 31 - 7,969 7,741 Qintari Road* 21 Homs and Hama Sewerage* 241/90 9,500 1,944 - 7,556 7,016 22 Aleppo Sewerage* 245/90 12,500 5,434 - 7,066 6,881 23 Rehabilitation of Phosphate Fertilizer 246/90 10,000 1,082 - 8,918 8,195 Plant in Homs* 24 Khaboor Irrigation (Phase I)* 250/90 15,000 1,281 - 13,719 12,549 25 Jourine Joint Water Supply* 260/91 5,500 1,598 - 3,902 3,314 26 Phosphate Fertilizers in Tadmur 265/92 30,000 - - - - 27 Medical Equipment in Hospitals* 271/92 13,000 23 - 12,977 9,477 28 Southern Region Agricultural 274/92 3,500 909 - 2,591 1,909 Development Project (Phase II)* 29 Tishrin Hydroelectric Dam* 279/93 36,000 3,054 - 32,946 24,576 30 Rehabilitation of Sulphuric Acid Plant in Homs* 287/93 6,000 739 - 5,261 5,261 31 Zeizoun Power Generating Station* 291/93 30,000 689 - 29,311 21,711 32 Agricultural Development in Jabal Al-Hoss* 307/95 2,500 832 - 1,668 744 33 Interconnection of Jordan and Syria 312/95 30,000 - - 28,223 17,290 Power Grids (Syria)* 34 Syria-Turkey Power Grid Interconnection and 314/95 26,000 2,936 - 23,064 10,714 Reinforcing the Syrian Internal Network*
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2019 75 ANNEX 5 PAGE 8 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(6) Syrian Arab Republic 35 Construction of 66 kV Substations in 319/95 15,500 - - 11,902 5,880 Six Governorates* 36 Agricultural Development in the 327/96 17,500 6,559 - 10,941 3,741 Coastal and Central Areas* 37 Modernization of the Communications 351/97 26,000 - - 21,950 11,840 System in Syria (1.650 million new lines)* 38 National Control Center for the 366/98 10,000 - - 7,382 3,575 Electric System* 39 Integrated Development in the Badia* 368/98 20,000 - - 14,659 5,970 40 Lattakia - Ariha Motorway 379/98 30,000 - - 26,829 11,180 41 Modernization of the Communications 384/99 30,000 - - 30,000 10,260 System (Subscribers’ Networks)* 42 The Expansion and Conversion to 409/2001 25,000 - - 9,293 2,860 Combined Cycle of Nasrieh Power Plant* 43 Transformation Stations in the 429/2002 9,000 - - 7,371 1,750 Industrial Cities of Rif Dimashq, Homs and Aleppo Provinces* 44 Rural Development in Idlib Governorate 433/2002 5,500 - - 606 - 45 Converting Zeizoun Power Station to 440/2003 22,000 - - 13,654 2,950 Combined Cycle* 46 Power Generating Station in the 469/2004 30,000 - - 29,643 - South (Deir Aly)* 47 Arab Gas Pipeline Project - Third 529/2008 10,000 - - 1,881 - Stage (Aleppo - Kalas Section) 48 Expansion of Deir Ali Power 536/2008 45,000 - 20,169 - Generating Station 49 Deir Al-Zor - Al-Boukamal Road 537/2008 16,000 - 33 - 50 Power Generating Station in the 493/2006 30,000 - - - Eastern Region (Deir Al-Zor) 51 Power Generating Station in the 565/2011 30,000 - - - Eastern Region (Deir Al-Zor) - (Supplementary Loan) Subtotal 696,975 39,447 - 467,123 273,023 (7) State of Libya 1 Two Fish Packaging Plants in 240/90 11,000 1,867 - 9,133 9,133 Sabrata and Zlaiten* 2 Libya-Tunisia Power Link* 244/90 2,200 784 - 1,416 787 3 Interconnection of the Libyan and 326/96 12,000 2,590 - 9,410 6,650 Egyptian Power Grids (Libya)* 4 National Control Center for the 329/96 20,000 - - 20,000 5,139 Libyan Electrical System* 5 Submarine Fiber Optic Cable* 369/98 12,500 2,932 - 9,568 9,568 6 Development Credit** 385/99 25,000 25,000 - - - 7 Converting North Benghazi Electrical 398/2000 25,000 - - 25,000 7,600 Power Plant to Combined Cycle* 8 Conversion of Al-Zawya Power 437/2002 28,000 - - 22,012 7,500 Station to Combined Cycle* 9 Electrical Inter-Connection at 400 kV 458/2004 40,000 - - 36,336 8,050 (Phase II) Subtotal 175,700 33,173 - 132,875 54,427 * Completed Project. ** Fully Cancelled Loan.
76 Annual Report 2019 ANNEX 5 PAGE 9 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(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 6,700 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 2,694 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 10,000 8 Suez Canal Development* 40/77 12,000 - - 12,000 12,000 9 Dumyat Power Station (Phase II)* 221/89 35,000 700 - 34,300 34,300 10 Idfu Wood Pulp Plant Extension* 229/89 7,500 632 - 6,868 6,868 11 Egypt-Jordan Power Link* 234/89 34,100 3,339 - 30,761 30,761 12 Soda Ash Plant (First Loan)* 238/90 7,000 - - 7,000 7,000 13 Ammonium Nitrate Unit* 247/90 8,000 - - 8,000 8,000 14 Kureimat Power Station* 254/91 36,250 3,585 - 32,665 32,665 15 Rubber Tires and Tubes Factory Extension* 255/91 10,500 - - 10,500 10,500 16 Social Development Fund (Phase I)* 256/91 14,400 11 - 14,389 14,389 17 Sewerage Projects in 46 Towns* 270/92 36,000 14,732 - 21,268 21,268 18 Sidi-Kreir Thermal Power Station* 272/92 44,000 6,363 - 37,637 34,913 19 Mitigation of Earthquake Risks* 275/92 2,000 1 - 1,999 1,999 20 Reconstruction of Earthquake 276/93 15,000 - - 15,000 14,600 Damaged Schools* 21 Suez Transformers Station* 278/93 16,000 733 - 15,267 15,267 22 Rehabilitation of Phosphatic 284/93 4,000 242 - 3,758 3,758 Fertilizers Plant in Abu Zaabal* 23 Electric Insulations Plant* 286/93 4,500 484 - 4,016 4,016 24 Float Glass Plant* 292/94 15,000 384 - 14,616 14,616 25 Soda Ash Plant (Second Loan)* 295/94 4,000 82 - 3,918 3,918 26 Oyun Moussa Power Station* 309/95 39,000 8,600 - 30,400 27,328 27 Construction of a Special Steel Factory* 318/95 15,000 409 - 14,591 14,591 28 Social Development Fund (Phase II)* 346/97 21,000 - - 21,000 14,742 29 The Liver Diseases Center 362/98 3,000 - 473 2,220 - 30 Construction of a Flat Steel Plant* 372/98 17,000 79 - 16,921 16,921 31 Upgrading the Egyptian National Railroads 399/2000 16,000 69 - 15,931 8,571 Authority’s Locomotives and Workshops* 32 Cairo North Power Generation Station* 407/2001 27,000 1,707 - 25,293 11,943 33 Water Supply for 240 Villages 420/2001 17,000 - 1,663 15,651 9,130 Deprived of Potable Water - Phase I 34 Natural Gas Pipeline (Al-Arish - Aqaba)* 427/2002 17,000 4,224 - 12,776 12,776 35 Nubaria Power Station - Phase I* 434/2002 30,000 681 - 29,319 15,819 36 Nubaria Power Station - Phase II* 438/2003 30,000 104 - 29,896 14,496
* Completed Project.
Annual Report 2019 77 ANNEX 5 PAGE 10 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(8) Arab Republic of Egypt 37 Educational Buildings** 442/2003 30,000 30,000 - - - 38 Water Supply for 240 Villages 432/2002 30,000 - 442 27,900 15,372 Deprived of Potable Water (Phase II) 39 Talkha Combined Cycle (750 M.W.) 461/2004 30,000 - - 30,000 13,860 Power Generation Station* 40 Development of the Waterway 472/2005 10,000 - - 3,063 3,063 Between Cairo and Alexandria 41 Expansion of West Cairo Power 484/2005 30,000 - - 30,000 10,010 Generation Station* 42 Development of Hurghada 488/2006 35,000 - - 35,000 7,740 International Airport* 43 Al-Atf Power Generating Station* 492/2006 30,000 - - 30,000 9,240 44 Expansion of Abu Qir Power 513/2007 30,000 117 - 29,883 7,583 Generating Station 1300 MW* 45 Expansion of Abu Qir Power Generating 525/2007 30,000 117 - 29,883 7,583 Station 1300 MW (Second Loan)* 46 El-Ain El-Sokhna Power Generating Station 539/2009 55,000 - 1,422 52,312 9,800 47 South Gas Pipeline* 530/2008 60,000 35,000 - 25,000 3,660 48 Banha Power Generating Station* 554/2010 50,000 1,513 96 48,487 6,327 49 Development of Hurghada International 559/2010 15,000 - - 15,000 740 Airport (Supplementary Loan)* 50 South Helwan Power Generating Station 571/2011 55,000 - 2,378 35,285 - 51 Urgent Program to Support Small and Medium 572/2011 30,000 - - 30,000 - Private Sector Projects and Enterprises* 52 Modernization of the Signaling 583/2012 44,000 - 4,219 13,456 - System on the Benha - Zagazig - Ismailia - Port Said Corridor 53 Electrical Interconnection Between 603/2013 45,000 - - - - the Arab Republic of Egypt and the Kingdom of Saudi Arabia 54 Assiut Power Generating Station 604/2013 55,000 - 14,237 27,667 - (El-Walidia) 650 MW 55 Al Nouran Sugar (P)* 14P/2014 4,292 - 792 4,292 174 56 Cairo West Power Generating Station 650 MW 615/2014 60,000 - 16,926 27,588 - 57 Conversion of 6th October Power 626/2015 20,000 20,000 - - - Generating Station to Combined Cycle** 58 Wastewater Facilities in Areas 628/2015 45,000 - 5,237 6,804 - Neighboring Al Rahawi Drainage Canal 59 Damanhour Combined Cycle Power 627/2015 60,000 60,000 - - - Generating Station (1800 MW)** 60 Water Supply and Development of the 634/2016 50,000 - - 15,000 - Agricultural System in the Sinai Peninsula 61 Construction of a 50 Megawatt Photovoltaic 638/2017 26,000 - 21 21 - Power Station in the City of Kom Ombo 62 Development of the Electric Transmission Grid 651/2017 60,000 - 2,237 2,237 - 63 Development of the Electric 656/2018 40,000 - - - - Transmission Grid (Second Phase) 64 Establishment of a Water System for 657/2018 70,000 - 19,883 19,883 - Bahr El Bakar Drain 65 Establishment of a Water System for Bahr 672/2019 75,000 - - - - El Bakar Drain (Supplementary Loan) Subtotal 1,767,442 206,363 70,026 1,070,164 556,751
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
78 Annual Report 2019 ANNEX 5 PAGE 11 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(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 27/76 2,600 1,904 - 696 696 Loan)* 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 62/81 4,700 - - 4,700 4,700 Transmission Network)* 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 97/82 1,200 - - 1,200 1,200 (Earth Stations)* 22 Reconstruction of Flood-Damaged 109/83 1,000 - - 1,000 1,000 Roads and Bridges* 23 Strengthening of Taiz-Al Mafraq Road* 114/83 2,100 388 - 1,712 1,712 24 Electric Power III Development (Electrification 122/83 1,500 - - 1,500 1,500 of Five Towns East of Mukalla)* 25 Fisheries Manpower Centre (FMDC) and 124/83 1,000 - - 1,000 1,000 the Fisheries Co-operatives (FDC)* 26 Dhamar Water Supply and Sewerage 125/83 3,000 7 - 2,993 2,993 (Supplementary Loan)* 27 Rural Development in the Central 126/83 3,000 236 - 2,764 2,764 Highlands* 28 Seiyoun Regional Water Supply* 127/83 2,000 - - 2,000 2,000 29 Seiyoun Regional Water Supply 131/84 3,700 61 - 3,639 3,639 Development (Phase II)* 30 Geological and Water Mapping of 132/84 1,200 151 - 1,049 1,049 Northern Yemen* 31 Geological and Water Mapping of 133/84 1,200 211 - 989 989 Southern Yemen* 32 Development of Health Institute* 138/84 1,100 246 - 854 854
* Completed Project.
Annual Report 2019 79 ANNEX 5 PAGE 12 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(9) Republic of Yemen 33 Strengthening of Sana’a-Taiz Road* 147/84 5,600 247 - 5,353 5,353 34 Mitigation of Earthquake Risks* 152/84 600 1 - 599 599 35 Grain Silos** 157/85 8,000 8,000 - - - 36 Wadi Hajar Agriculture* 160/85 3,500 - - 3,500 3,500 37 Aden-Abyan Electrification Scheme* 161/85 5,900 237 - 5,663 5,663 38 Nisab-Beigan Road* 170/86 4,200 58 - 4,142 4,142 39 Electricity Distribution Network (First Loan)* 173/86 4,200 - - 4,200 4,200 40 Greater Aden Second Water Supply 174/86 2,000 221 - 1,779 1,779 (Second Loan)* 41 Wadi Jawf Agricultural Development* 177/86 3,100 151 - 2,949 2,949 42 Aden Water Supply (Supplementary Loan)* 188/86 1,000 2 - 998 998 43 Laboos Water Supply* 189/87 4,000 58 - 3,942 3,942 44 Strengthening Sana’a-Hodeida Road* 199/87 6,800 - - 6,800 6,800 45 Lawder-Mukairas Road and Road 204/87 5,500 113 - 5,387 5,387 Maintenance* 46 The FMDC and the FDC 205/87 1,500 37 - 1,463 1,463 (Supplementary Loan)* 47 Zabid-Al Hodeida Road Rehabilitation* 211/88 2,500 - - 2,500 2,500 48 Northern Region Agricultural 215/88 3,500 38 - 3,462 3,086 Development* 49 Yemen Power Link Taiz-Aden* 217/88 8,600 24 - 8,576 7,652 50 Yemen Power Link Aden-Taiz* 218/88 10,000 62 - 9,938 9,406 51 Al-Mukalla Water Supply* 220/88 2,850 20 - 2,830 2,830 52 Integrated Rural Development in the 222/89 3,500 254 - 3,246 2,426 Central Highlands* 53 Agricultural Credit* 230/89 5,500 8 - 5,492 5,021 54 Wadi Hadramaut Agricultural 232/89 3,300 3,300 - - - Development Project (Phase III)** 55 Hojja-Al Khashm Road* 236/90 3,000 570 - 2,430 2,320 56 Electricity Distribution Network 251/90 4,500 146 - 4,354 3,355 (Second Loan)* 57 SEA-ME-WE II Submarine Cable 268/92 5,000 1,905 - 3,095 2,695 Project (Second Loan)* 58 Rehabilitation of Flood-damaged Electricity, 288/93 2,500 23 - 2,477 1,937 Water and Sewerage Facilities in Aden* 59 Sana’a Sewerage Treatment Plant* 322/96 8,000 1 - 7,999 5,464 60 Social Development Fund* 350/97 6,000 - - 6,000 3,078 61 Wadi Hadramaut Agricultural 357/97 4,000 702 - 3,298 1,389 Development Project (Phase III)* 62 Sanitation Networks in Sana’a 383/99 18,000 - 6 14,645 10,058 63 Sayhut - Nashtoun Road* 403/2000 26,000 - 649 21,550 10,460 64 Sana’a International Airport Development 411/2001 28,000 - - 9,837 9,837 65 Social Development Fund - Phase II* 425/2002 15,000 - - 15,000 5,265 66 Grain Silos and Flour Mills at Saleef Port (P)* 2P/2002 3,000 - - 3,000 3,000 67 Ma’rib - Sana’a Transmission Lines at 400 435/2002 30,000 - - 27,584 8,030 k.V. and Upgrading the Electrical Grid* * Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
80 Annual Report 2019 ANNEX 5 PAGE 13 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(9) Republic of Yemen 68 Dhamar - Al-Husseiniya Road* 445/2003 15,000 - - 14,755 4,745 69 Construction of Ma’rib Gas-Turbine 447/2003 25,000 - - 24,531 7,320 Electrical Generating Station* 70 Major Intersections in Sana’a City 453/2003 15,000 - 8 14,788 5,110 71 Grain Silos and Flour Mills at Saleef 3P/2004 2,000 - - 2,000 2,000 Port (Supplementary Loan) (P)* 72 Completion of Sanitation Networks 463/2004 12,000 - - 10,544 3,630 in Sana’a 73 Five-Star Hotel in Sana’a (P)* 4P/2004 6,000 - - 6,000 3,436 74 Rural Access Roads 467/2004 26,000 - 146 22,866 5,360 75 Development of Local Communities 477/2005 15,000 - - 15,000 2,835 (Phase III)* 76 Aden Iron Factory in Lahaj 5P/2006 7,000 - - 7,000 4,180 Governorate (P)* 77 Social Development Fund - Phase III* 480/2005 15,000 - - 15,000 2,835 78 Wastewater Facilities in Seiyoun and Tarim 482/2005 15,000 - 615 2,474 730 79 Construction of a Second Ma’rib Gas- 502/2006 30,000 - - 25,811 - Turbine Power Generating Station and the Expansion of the Transmission Grid 80 Agricultural and Fisheries Development 508/2007 12,000 - - 614 568 in the Hadramout Coastal Area 81 Aden Iron Factory in Lahaj Governorate 7P/2007 3,000 - - 3,000 1,546 (Supplementary Loan) (P)* 82 Sana’a International Airport 516/2007 47,000 - - 1 - Development (Phase II) 83 Development of the Coastal Road in 520/2007 10,000 - - 2,162 240 Aden Governorate 84 Development of Water and Wastewater 526/2008 10,000 - 157 576 - Facilities in Aden Governorate 85 Glass Factory in Sana’a Governorate (P) 9P/2008 3,175 - - 3,114 - 86 Taez International Airport Development 533/2008 7,000 - - - - 87 Major Intersections in Sana’a City 541/2009 8,000 - 488 7,393 780 (Phase II) 88 Sugar Refinery in Aden (P) 10P/2009 8,250 - - - - 89 Al Mukalla Iron and Steel Factory (P)* 11P/2009 4,800 256 - 4,544 - 90 Rural Roads Development (Phase III) 545/2009 15,000 - 751 6,384 370 91 Protection of Sana’a City from Floods 550/2010 7,000 - 6 6,332 - 92 Social Fund for Development (Phase IV) 560/2010 30,000 - - 26,547 - 93 Major Intersections in Sana’a City 562/2011 10,000 - 923 6,491 - (Phase III) 94 Dhamar - Al-Husseiniya Road 563/2011 12,000 - - 4,915 - (Supplementary Loan) 95 Construction of a Second Ma’rib Gas- 564/2011 43,000 - - 27,988 - Turbine Power Generating Station and Expansion of the Transmission Grid (Supplementary Loan) 96 Construction of a 60 MW Wind Farm 581/2012 18,000 - - - - in the Al-Mokha Area * Completed Project. (P): Private Sector Project.
Annual Report 2019 81 ANNEX 5 PAGE 14 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(9) Republic of Yemen 97 Sanitary Networks in Sana’a (Phase IV) 589/2013 15,000 - - - - 98 Reconstruction of Abyan 594/2013 10,000 - - - - 99 Educational Hospital for Aden University 596/2013 18,000 - - - - 100 Rehabilitation and Expansion of 597/2013 30,000 - - - - Sana’a - Al Hudaydah Road 101 Expansion of Flour Mills at Saleef Port (P)** 13P/2014 4,000 4,000 - - - 102 Infrastructure Development in Sana’a City 606/2014 30,000 - 503 5,762 - 103 Al Ghaydah Central Hopital 612/2014 6,000 - - - - 104 Rural Roads Development (Phase IV) 613/2014 30,000 - - - - 105 Public Works (Phase IV) 614/2014 10,000 - - - - Subtotal 927,875 24,612 4,252 561,504 283,091 (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 18,843 4 Reconstruction and Shelter Rehabilitation* 282/93 8,000 - - 8,000 8,000 5 Rehabilitation of Electricity 304/94 7,000 291 - 6,709 6,709 Installations (Supplementary Loan)* 6 Zahrani Power Station* 305/94 30,500 - - 30,500 30,500 7 Saida and Sour Water Supply* 317/95 10,000 6 - 9,994 7,999 8 Technical and Vocational Schools* 323/96 15,000 - - 14,171 14,171 9 Administrative Rehabilitation of Public 325/96 6,000 5 - 5,995 5,651 and Independent Agencies* 10 Rehabilitation of the Infrastructure 331/96 13,500 62 - 13,438 10,678 and Buildings Damaged by the Israeli Aggression* 11 The Lebanese University Project 355/97 23,000 - - 23,000 20,460 (First Loan)* 12 Syr El-Dania Jbab El-Homr / 356/97 6,000 173 - 5,827 3,871 El-Hermel Road* 13 Beirut Southern Entrances: 363/98 12,000 6,076 - 5,924 5,224 Khaldeh-Cocodi and Awzaee Roads* 14 Interconnecting the Lebanese and 400/2000 8,000 - 25 4,207 4,149 Syrian Electric Grids at 400 kV* 15 Conveyance of Litani Water to 418/2001 31,000 - 138 31,000 8,590 Southern Lebanon* 16 Control Center for the Lebanese 423/2002 7,000 - - 6,484 3,230 Power Network* 17 Infrastructure Upgrading in Beirut City 430/2002 17,000 - - 9,438 9,438 18 The Lebanese University Project 439/2003 6,000 1,583 - 4,417 2,909 (Second Loan)* 19 Development of the Road Network 449/2003 30,000 - - 22,310 14,620 and Main Intersections 20 Administrative Rehabilitation 495/2006 9,000 - 413 5,492 2,430 21 Development of Water and 496/2006 25,000 - 1,992 17,097 6,390 Wastewater Facilities in some Areas in Lebanon
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
82 Annual Report 2019 ANNEX 5 PAGE 15 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(10) Republic of Lebanon 22 Rehabilitation of Infrastructure 500/2006 30,000 - 1,038 19,796 - Damaged by the Aggression 23 Rehabilitation of the Private Sector Enterprises 505/2006 25,000 25,000 - - - Damaged by the Israeli Aggression** 24 Rehabilitation of Electric Power Installations 506/2006 35,000 - - - - Damaged by the Israeli Aggression 25 Syr El-Dania Jbab El-Homr/ 527/2008 6,000 - 347 5,062 1,360 El-Hermel Road (Second Loan) 26 Housing Project* 585/2012 34,000 - - 34,000 - 27 Completion of Wastewater Facilities 600/2013 30,000 - 2,331 4,243 - in Lebanon 28 Conveyance of Litani Water to 621/2015 32,000 - 4,768 13,158 - Southern Lebanon for Irrigation and Drinking Purposes (Elevation 800 Meters) (Supplementary Loan) 29 Wastewater Facilities in the North 653/2018 27,000 - - - - and Central Litani Basin 30 Development of Main Roads (Pan 654/2018 56,000 - - - - Arab Northern Motorway and Zouk Mosbeh - Jeita Road) 31 Housing Project (Second Phase) 666/2019 50,000 - - - - Subtotal 622,000 36,353 11,052 330,106 196,792 (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 103/82 1,000 - - 1,000 1,000 (Earth Stations)* 10 Agricultural Development in Loukkos 121/83 7,500 - - 7,500 7,500 Valley (First Loan)* 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 191/87 15,000 2,903 - 12,097 12,097 Development in Wadi Souss* 16 Al-Mana’ Barrage and Irrigation of 212/88 17,000 2,863 - 14,137 14,137 Lands in Al-Gharb Plain* 17 Ismir Dam and Potable Water for 223/89 4,000 900 - 3,100 3,100 Tatwan Area* 18 Agricultural Credit (Third Loan)* 231/89 12,000 - - 12,000 12,000 19 Maja’ra Dam* 237/90 50,000 542 - 49,458 49,458 20 Rehabilitation of Flood-Damaged Infrastructure* 249/90 2,500 33 - 2,467 2,467
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2019 83 ANNEX 5 PAGE 16 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(11) Kingdom of Morocco 21 Upper Dokala Region Irrigation (Phase I)* 264/91 30,000 3,983 - 26,017 26,017 22 Rabat-Larache Motorway* 267/92 18,000 - - 18,000 18,000 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 15,803 25 Strengthening Internal Power Grid for 299/94 18,500 4,628 - 13,872 13,872 the Morocco - Spain Interconnection* 26 Loukkos Basin Agricultural 300/94 3,000 22 - 2,978 2,978 Development (Second Loan)* 27 Al-Gharb Plain Irrigation (Phase II)* 303/94 20,000 537 - 19,463 19,463 28 Rabat-Fes Motorway* 306/95 23,000 3,123 - 19,877 19,877 29 Maja’ra Dam (Second Loan)* 315/95 17,000 2,990 - 14,010 14,010 30 Combatting the Effects of the Drought* 316/95 10,000 - - 10,000 10,000 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 11,905 33 Morocco-Spain Power Interconnection 337/96 7,000 3,428 - 3,572 3,572 (Supplementary Loan)* 34 Dchar El Oued and Ait Massoud 344/97 15,000 5,886 - 9,114 8,574 Dams for Electricity, Irrigation and Drinking Water* 35 Dchar El Oued and Ait Massoud 345/97 15,000 8,796 - 6,204 5,474 Dams: Financing the Two Hydro- electric Stations* 36 Casablanca-Settat Motorway 364/98 16,000 4,031 - 11,969 9,941 (Second Section)* 37 Development of Social Housing in 378/98 18,000 3,634 - 14,366 14,366 Agadir City* 38 Ait Hamou Dam and Supplying 380/99 17,000 8,966 - 8,034 6,924 Greater Agadir City with Water* 39 Mohammed V Airport Development* 389/99 10,000 623 - 9,377 5,777 40 Afourer Pumped Storage 397/2000 25,000 2,736 - 22,264 17,464 Hydro-Power Plant* 41 Casablanca - El-Jadida Motorway* 416/2001 15,000 3,099 - 11,901 11,901
42 Raising of Sidi Mohammed Bin 421/2002 18,000 9,851 - 8,149 8,149 Abdullah Dam and Construction of Boukhamis Dam* 43 Rural Electrification* 446/2003 20,000 297 - 19,703 11,863 44 Tetouan - Fenidiq Motorway* 451/2003 14,000 5,386 - 8,614 8,614 45 Settat - Marrakech Motorway (Phase I)* 452/2003 30,000 15,167 - 14,833 14,833 46 Tangier Mediterranean Harbour - 460/2004 35,000 5,378 - 29,622 29,622 Northern Highway Motorway* 47 Werkan Dam to Supply Marrakech 470/2004 7,000 1,044 - 5,956 3,372 with Potable Water* 48 Tangier Mediterranean Harbour - 473/2005 20,000 2,921 - 17,079 17,079 Northern Highway Motorway (Section Three)*
* Completed Project. ** Fully Cancelled Loan.
84 Annual Report 2019 ANNEX 5 PAGE 17 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(11) Kingdom of Morocco
49 Marrakech - Agadir Motorway* 485/2005 29,000 262 - 28,738 28,738 50 Wadi Al-Raml Dam to Supply Tangier 486/2005 9,000 - - 9,000 4,410 Mediterranean Port with Water* 51 Marrakech - Agadir Motorway 491/2006 31,000 - - 31,000 31,000 (Second Loan)* 52 Generalization and Integration of 498/2006 15,000 10,228 - 4,772 4,772 Information Technology in Public School Education* 53 Rural Roads 503/2006 15,000 - - 14,439 6,020 54 Fes - Oujda Motorway* 512/2007 30,000 59 - 29,941 12,841 55 Water Supply for the Provinces of 514/2007 15,000 - 601 13,759 5,265 Taounate, Chefchaouen, Sidi Kacem and Tanger Med Port 56 Wadi Martil Dam* 517/2007 23,000 2,708 - 20,292 5,892 57 Fes - Oujda Motorway (Taza - Oujda 534/2008 27,000 5,248 - 21,752 5,632 Section)* 58 Expansion of Casablanca - Rabat Motorway* 538/2008 20,000 - - 20,000 5,130 59 Zerrar Dam* 540/2009 15,000 939 - 14,061 2,861 60 Water Supply of Tangier & Tantan 546/2009 20,000 - 28 19,486 4,320 Regions* 61 Berrechid - Beni Mellal Motorway* 549/2010 55,000 15,474 - 39,526 9,421 62 Dar Khrofa Dam* 556/2010 12,000 - 625 11,534 1,700 63 Tangier Med II Port* 558/2010 50,000 - - 50,000 8,580 64 High-Speed Train Tangier - Casablanca * 568/2011 30,000 - - 24,994 - 65 El Jadida - Safi Motorway* 579/2012 30,000 15,628 - 14,372 1,572 66 Water Supply of Tetouan Area 584/2012 7,000 - 218 5,305 - 67 Tangier Med II Port (Phase II) 602/2013 50,000 - 14,505 20,380 - 68 Irrigation of the Chtouka AÏt Baha 611/2014 50,000 - 4,325 4,325 - Region with Desalinated Water 69 El Jadida - Safi Motorway 616/2014 30,000 13,129 - 16,871 - (Supplementary Loan)* 70 Water Supply to Chefchaouen and 617/2014 15,000 - 685 1,049 - Neighboring Villages 71 Nador West Med Port 622/2015 60,000 - 4,418 19,776 - 72 High-Speed Train Tangier - 637/2016 50,000 - 9,766 46,347 - Casablanca (Second Loan) 73 Heightening of Mohamed V Dam 664/2019 30,000 - - - - 74 Laayoune City Ring Road 665/2019 42,000 - - - - 75 Development of Motorways 669/2019 70,000 - - - - Subtotal 1,494,900 191,466 35,171 1,018,828 652,032 (12) Kingdom of Bahrain 1 Bahrain Power* 44/77 5,000 - - 5,000 5,000 2 Sixth Pan-Arab Telecommunications, 113/83 3,000 - - 3,000 3,000 Submarine Gulf Cable (Bahrain- Qatar-UAE)*
* Completed Project.
Annual Report 2019 85 ANNEX 5 PAGE 18 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(12) Kingdom of Bahrain 3 Seventh Pan-Arab Telecommunications, 142/84 3,000 3,000 - - - Submarine Gulf Cable (Bahrain-Kuwait)** 4 Roads Development* 201/87 5,500 5,425 - 75 75 5 Roads Development (Second Loan)* 258/91 11,000 894 - 10,106 10,106 6 Development of Suleimaniyah 259/91 21,000 1,002 - 19,998 19,998 Medical Center (First Loan)* 7 Development of Suleimaniyah 308/95 11,000 3,348 - 7,652 7,652 Medical Center (Second Loan)* 8 The Housing Project (First Loan)* 334/96 15,000 580 - 14,420 14,420 9 Transfer and Distribution of Water from 349/97 21,000 1,450 - 19,550 18,458 Al-Hidd Desalination and Power Station* 10 Interconnection of Al-Hidd Production 360/97 10,000 1,112 - 8,888 8,422 Facility to the Electric Grid* 11 Production and Utilization of Treated 367/98 15,000 3,842 - 11,158 10,158 Sewerage Effluent* 12 Hidd Industrial Area* 370/98 25,000 - - 16,878 16,878 13 The Housing Project (Second Loan)* 381/99 20,000 - - 20,000 17,280 14 Bahrain Specialized Hospital (P)* 1P/2001 3,000 - - 3,000 3,000 15 Expansion of the Electric Generation 417/2001 25,000 - - 20,956 16,560 and Transmission Systems* 16 Khalifa Bin Salman Port* 465/2004 15,000 5,616 - 9,384 5,109 17 Upgrading the Electrical 478/2005 14,000 7,000 - 7,000 3,770 Transmission Network* 18 Replacement of Sitra Causeway Bridge 504/2006 19,000 - - 8,888 - 19 Upgrading 220 kV and 66 kV 544/2009 30,000 - - 24,290 8,200 Electrical Transmission Network* 20 Development of Water Supply Network 575/2011 30,000 - 1,497 25,939 2,580 Subtotal 301,500 33,268 1,497 236,184 170,667 (13) Somali Democratic Republic 1 Inter-Riverine Settlements*(1) 23/76 6,400 1,250 - 4,571 264 2 Hargeisa-Rorama 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 52/79 1,600 - - 1,258 - (Phase I)* 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 99/82 1,200 - - - - (Earth Stations) 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
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project. (1) The amount of the loan was reduced from KD 6.40 million to KD 5.15 million due to the change in the description of the project.
86 Annual Report 2019 ANNEX 5 PAGE 19 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(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 81/82 200 - - 200 200 (Supplementary Loan)* 6 Potable Water to the Rural Areas* 86/82 400 12 - 388 388 7 Fifth Pan-Arab Telecommunications 104/82 1,200 77 - 1,123 1,123 (Earth Stations)* 8 Nouakchott Power (First Loan)* 105/82 3,000 - - 3,000 3,000 9 Nouakchott Power (Second Loan)* 106/83 2,300 - - 2,300 2,300 10 Telecommunications in Nouadhibou* 119/83 2,100 - - 2,100 2,100 11 Development Credit (First Loan)* 135/84 2,000 - - 2,000 2,000 12 Educational, Health and Veterinary Services* 139/84 4,500 2 - 4,498 3,205 13 Oases Development (Phase I)* 163/85 3,400 - - 3,400 2,376 14 Artisanal Fisheries Development in 178/86 3,200 425 - 2,775 1,615 Nouadhibou* 15 Nouakchott Telephone/Telex Exchanges* 186/86 2,800 - - 2,800 2,800 16 Guelbs Iron Ore Production (Second Loan)* 202/87 1,300 - - 1,300 1,300 17 Development Credit (Second Loan)* 203/87 1,000 723 - 277 277 18 Wilayas Electricity Supply* 216/88 7,500 - - 7,500 2,484 19 Boghi-Kehidi Road (Second Loan)* 219/88 3,100 12 - 3,088 1,237 20 Domestic Satellite Network* 227/89 5,000 11 - 4,989 1,783 21 Mhaoudat Iron Ore Production* 269/92 6,000 - - 6,000 6,000 22 Nouakchott-Akjojot-Atar Road* 289/93 6,500 28 - 6,472 1,984 23 Oases Development (Phase II)* 297/94 2,400 - - 2,400 2,350 24 Nouadhibou Water Supply* 313/95 10,000 - - 9,925 9,120 25 Expansion of the Nouakchott Power 336/96 4,600 63 - 4,537 4,257 Generating Station* 26 Potable Water for the Interior Cities* 343/97 3,500 - - 3,500 2,975 27 Alag-Maqtaa Lehjar Road * 347/97 3,500 1,460 - 2,040 2,040 28 Transmission of Electrical Energy 352/97 8,000 629 - 7,371 5,595 from Manantali Dam to Mauritania* 29 Rehabilitation and Construction of 33 Small 375/98 3,500 - 173 3,500 2,492 Dams in the Area Adjacent to Achram* 30 Reduction of Debt Burden** 406/2000 19,000 19,000 - - - 31 Connecting Boghe to the Manantali 408/2001 4,000 20 - 3,980 2,369 Electrical Grid* 32 Debt Reduction* 414/2001 14,000 - - 14,000 3,655 33 Nouakchott - Nouadhibou Road * 419/2001 16,000 435 - 15,565 8,941 34 Nouakchott Water Supply from the 454/2003 30,000 2 - 29,998 13,090 Senegal River* 35 Expansion of Nouadhibou Power 468/2004 7,000 - - 6,885 3,249 Generation Station 36 Nouadhibou Water Distribution Network* 475/2005 4,000 - - 3,748 1,666 * Completed Project. ** Fully Cancelled Loan.
Annual Report 2019 87 ANNEX 5 PAGE 20 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(14) Islamic Republic of Mauritania 37 Power Generation Stations for 481/2005 2,000 1,911 - 89 89 Interior Cities* 38 Atar - Tidjikja Road 509/2007 11,000 - 32 10,800 3,510 39 Developing Water and Road Services 510/2007 13,000 - - 13,000 3,685 in Rural Areas* 40 Nouakchott Water Supply from the 511/2007 37,000 - 325 36,991 9,460 Senegal River (Supplementary Loan)* 41 Lease Financing of Small and Medium- 6P/2007 1,000 - - 1,000 1,000 Size Projects and Enterprises (P)* 42 Drinking Water and Electricity Emergency 523/2007 15,000 - - 14,336 4,560 Project for the City of Nouakchott* 43 Rehabilitation of Al-Amal Road 531/2008 19,000 - - 14,984 3,640 (Sections II and IV) 44 Drinking Water and Electricity 535/2008 10,000 - - 9,379 2,160 Emergency Project for the City of Nouakchott (Supplementary Loan)* 45 Electricity Emergency Program for the City 547/2009 10,000 - - 9,757 2,080 of Nouakchott (Supplementary Loan)* 46 Water Distribution Network in Nouakchott 555/2010 10,000 - 845 8,667 810 47 Upgrade of the Power Generation and 569/2011 30,000 - 387 27,120 - Transmission Systems in Nouakchott* 48 Supply of Drinking Water to the 570/2011 8,000 - 666 7,159 430 Region of Aftout Elcharghi* 49 Water Supply of Eastern Cities and 580/2012 20,000 - 1,215 17,920 - Villages from Dhar Basin 50 Development of Power Generating 588/2012 3,000 - - 1,987 - Stations for Interior Cities 51 Construction of a 30 MW Wind Farm 590/2013 14,000 - 48 13,992 - in Nouakchott* 52 Néma - Mali Border Road (Section III) 593/2013 9,000 - 1,868 3,738 - 53 New Nouakchott International Airport 595/2013 9,000 - - 6,562 - 54 Drinking Water and Development of 601/2013 20,000 - 2,417 20,000 - Oases in Rural Areas* 55 Construction of a Solar Power Station 610/2014 30,000 - 3,422 25,715 - in Nouakchott and the Modernization of the Electrical System 56 Development of Electricity 629/2015 33,000 - 6,285 14,549 - Transmission and Distribution Networks 57 Reinforcing the Electrical 625/2015 30,000 - - 1 - Interconnection between Mauritania and Senegal (Nouakchott - Tobien Line) 58 Construction of a Wind Farm in Boulenoir 632/2016 35,000 - 15,453 24,275 - 59 Rehabilitation of the Guelb (1) Plant 641/2017 32,000 - 1,407 1,973 - 60 Water Supply to the Cities of Laayoune 644/2017 15,000 - 7,920 7,920 - and Djiguenni, and Neighboring Villages 61 Electrical Interconnection Between 645/2017 42,000 - 3,795 3,801 - Nouakchott and Zouerate on 225 kV 62 Rehabilitation of Boutlimit - Aleg Road 658/2018 14,000 - 2,192 2,192 - 63 Processing and Marketing of Pelagic 15P/2019 2,500 - - - - Fish in Nouadhibou (P) * Completed Project. (P): Private Sector Project.
88 Annual Report 2019 ANNEX 5 PAGE 21 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(14) Islamic Republic of Mauritania 64 Drinking Water and Development of Oases 668/2019 3,000 - 795 795 - in Rural Areas (Supplementary Loan) 65 Development of Oases 670/2019 9,000 - - - - 66 Tidjikja - Kiffa - Selibabi - Mali Border 671/2019 52,000 - - - - Road Subtotal 747,200 24,810 49,246 484,062 153,094 (15) Sultanate of Oman 1 Gas Utilization* 29/76 6,000 1,517 - 4,483 4,483 2 Murayrat-Sohar Gas* 59/80 3,000 - - 3,000 3,000 3 Telecommunications* 120/83 3,000 - - 3,000 3,000 4 Sohar-Buraimi Power Station* 129/84 3,000 27 - 2,973 2,973 5 Fisheries Development* 162/85 3,000 1,706 - 1,294 1,294 6 Natural Gas Utilization (Phase IV)* 187/86 3,000 1,231 - 1,769 1,769 7 Water Desalination and Power for the 196/87 6,000 1,377 - 4,623 4,623 Capital Area* 8 Natural Gas Utilization (Stage 2 of Phase IV)* 257/91 7,000 203 - 6,797 6,797 9 Mina Qaboos Port Development* 266/92 6,000 1,860 - 4,140 4,140 10 Ghubrah Power Generation and 294/94 9,500 1,605 - 7,895 7,895 Water Desalination Station* 11 Industrial Estates in Rusayl and Nizwa* 302/94 6,000 1,249 - 4,751 4,751 12 Ghubrah Power Generation and Water 310/95 9,000 821 - 8,179 8,179 Desalination Station (Phase V)* 13 Salalah Port Development* 354/97 15,000 - - 15,000 15,000 14 Meserrat Water Conveyance System* 388/99 11,000 397 - 10,603 10,603 15 Rimal Ash-Sharqiyah Water 401/2000 9,500 2,479 - 7,021 7,021 Distribution System* 16 Khassab Port Development Project* 431/2002 4,500 695 - 3,805 3,805 17 Nizwa-Thamrit Road Rehabilitation 441/2003 6,000 778 - 5,222 5,222 (Phase II)* 18 Expansion of Salalah Port (Phase II)* 466/2004 22,000 8,667 - 13,333 13,333 19 Al-Ashkhara - Al-Khuwaymah - 479/2005 10,000 4,105 - 5,895 5,895 Shanna Road* 20 Muscat Southern Expressway* 487/2005 40,000 30,921 - 9,079 9,079 21 Dualization of Al-Amerat - Quriyat Road* 489/2006 20,000 17,175 - 2,825 2,825 22 Al Duqm Port** 501/2006 35,000 35,000 - - - 23 Reconstruction of Basic Infrastructure and 519/2007 60,000 52,700 - 7,300 7,300 Facilities Damaged by Cyclone Gonu* 24 Dualization of Thumrait - Salalah Road* 507/2007 20,000 - - 20,000 6,480 25 Infrastructure Facilities for Sumail 576/2011 14,000 - 1,664 14,000 - Industrial Estate* 26 Housing Program* 605/2013 40,000 - - 40,000 3,300 27 Development and Exparsion of Main 636/2016 50,000 - 7,383 37,726 - Roads 28 Transmission Lines of Desalinated Water 639/2016 60,000 - 9,032 13,532 - from Al Ghubrah to Al Seeb and from Barka to Ad Dakhiliya Governorate
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2019 89 ANNEX 5 PAGE 22 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(15) Sultanate of Oman 29 Development of Part of Road 32 in 646/2017 52,000 - - 1 - the Special Economic Zone of Duqm 30 Reinforcement of Desalinated Water 649/2017 60,000 - - - - Transmission Lines in Ash Sharqiyah Governorates 31 Reinforcement of Desalinated Water 659/2018 70,000 - - - - Transmission Lines in Al Batinah Governorates 32 Development and Expansion of the 660/2018 48,000 - - - - Third and Fourth Sections of the Sinaw - Muhut - Duqm Road 33 Development of the Second Part of 662/2019 30,000 - - - - Road 32 in the Special Economic Zone of Duqm (Supplementary Loan) 34 Housing Program 663/2019 60,000 - 12,000 12,000 -
Subtotal 801,500 164,516 30,079 270,243 142,764 (16) Palestine 1 Wadi Far’a Irrigation* 158/85 3,000 2,154 - 846 846 2 Widening and Strengthening of Salah 340/97 5,000 169 - 4,831 3,584 Eldin Road* 3 Development of Health Services* 341/97 3,000 1 - 2,999 1,998 4 Rehabilitation of the Education 342/97 3,000 - - 3,000 2,079 Services* 5 The Rural Development Project* 376/98 3,000 300 - 2,700 1,548
Subtotal 17,000 2,625 - 14,375 10,054 (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 98/82 1,100 251 - 849 849 (Earth Stations)* 4 Expansion of Boulaos Power Station 116/83 3,000 491 - 2,509 2,509 - Phase I* 5 Animal Wealth Development* 130/84 1,900 10 - 1,890 1,890 6 Southwest Asia-Middle East-Western 159/85 1,900 2 - 1,898 1,898 Europe (SEA-ME-WE) Submarine Cable (First Loan)* 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 1,500 10 Modernization of Boulaos Power 373/98 3,000 1 - 2,999 2,219 Station - Phase II*
* Completed Project. ** Fully Cancelled Loan.
90 Annual Report 2019 ANNEX 5 PAGE 23 of 23
Loans Extended to Beneficiary Member States, 1974 - 2019 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2019 31/12/2019 31/12/2019
(17) Republic of Djibouti 11 Modernization of the Port of Djibouti 390/99 3,000 3,000 - - - (Phase IV)** 12 Social Housing* 395/2000 5,000 - - 5,000 3,416 13 Development of the Education Sector 412/2001 4,000 283 - 3,717 2,061
14 Modernization of Boulaos Power 436/2002 3,000 83 - 2,917 1,639 Station - Phase III* 15 Social Housing (Phase II)* 456/2003 6,000 - - 6,000 2,465 16 Boulaos Power Generation Station 471/2004 4,000 21 - 3,979 1,651 Project - (Fourth Phase)* 17 Construction of Djibouti University 497/2006 5,000 - 123 4,989 1,560 18 Rehabilitation of Drinking Water 532/2008 7,000 - - 7,000 720 Facilities in Djibouti City* 19 Upgrade of the Power Generation 551/2010 9,000 - - 57 - and Transmission Systems in the City of Djibouti
20 Port of Tadjourah* 577/2012 10,000 - - 10,000 720 21 Rehabilitation of the Distribution 598/2013 10,000 - 72 9,836 - Networks of Drinking Water in Djibouti City* 22 Social Housing - Phase II 607/2014 1,000 - - 997 - (Supplementary Loan) 23 Social Housing in the City of Djibouti 618/2015 6,000 - 1,123 2,428 - 24 Port of Tadjourah (Supplementary 619/2015 3,000 - - 2,226 - Loan) 25 Completion of the Rehabilitation and 635/2016 20,000 - 1,630 4,955 - Reinforcement of the Drinking Water Distribution Network in Djibouti 26 Electricity Generation Using 652/2018 9,000 - 479 479 - Geothermal Energy Subtotal 121,000 4,956 3,427 79,010 27,883
Grand Total 10,774,586 1,062,061 246,235 6,708,648 3,716,618
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2019 91 ANNEX 6 PAGE 1 of 3
Loans Extended to Finance Inter-Arab Projects, 1974 - 2019
(KD 000)
Cancelled Disbursements Disbursements Repayments Loan Amount No. Project / Country Loans and During as at as at No. of Loan Balances 2019 31/12/2019 31/12/2019
1 First Pan-Arab Telecommunications: 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 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
* Completed Project.
92 Annual Report 2019 ANNEX 6 PAGE 2 of 3
Loans Extended to Finance Inter-Arab Projects, 1974 - 2019
(KD 000)
Cancelled Disbursements Disbursements Repayments Loan Amount No. Project / Country Loans and During as at as at No. of Loan Balances 2019 31/12/2019 31/12/2019
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 5,000 627 - 4,373 603
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 22 - 503 113
Syria* 151/84 575 11 - 564 564
Yemen* 152/84 600 1 - 599 599
Morocco* 153/84 600 6 - 594 594
Algeria (Second Loan) 332/96 3,500 1,887 - 1,613 1,613
18 Pesticides Arab Joint Venture (Syria - Jordan):
Syria** 154/84 1,900 1,900 - - -
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2019 93 ANNEX 6 PAGE 3 of 3
Loans Extended to Finance Inter-Arab Projects, 1974 - 2019
(KD 000)
Cancelled Disbursements Disbursements Repayments Loan Amount No. Project / Country Loans and During as at as at No. of Loan Balances 2019 31/12/2019 31/12/2019
19 Ruwaishid Pilot Scheme in Hammad Basin (Inter-Arab): Jordan* 184/86 1,500 4 - 1,496 1,496 20 Tenf Pilot Scheme in Hammad Basin (Inter-Arab): Syria* 185/86 1,700 - - 1,700 1,700 21 Hama - Saraqeb Road and Ain Eissa-Qintari Road: Syria* 214/88 8,000 31 - 7,969 7,741 22 Yemen Power Link: Yemen* 217/88 8,600 24 - 8,576 7,652 Yemen* 218/88 10,000 62 - 9,938 9,406 23 Jordan - Egypt Power Link: Jordan* 233/89 10,500 - - 10,500 10,500 Egypt* 234/89 34,100 3,339 - 30,761 30,761 24 Tunisia - Libya Power Link: Tunisia* 243/90 17,800 - - 17,800 16,200 Libya* 244/90 2,200 784 - 1,416 787 25 Strengthening Local Transmission Network within Morocco - Spain Electric Power Link: Morocco* 299/94 18,500 4,628 - 13,872 13,872 Morocco (Supplementary Loan)* 337/96 7,000 3,428 - 3,572 3,572 26 Interconnection of Jordan - Syria Electric Power Grids: Jordan* 311/95 19,500 - - 19,500 19,500 Syria 312/95 30,000 - - 28,223 17,290 27 Interconnection of Syria and Turkey Electric Power Grids: Syria* 314/95 26,000 2,936 - 23,064 10,714 28 Interconnection of the Libyan and Egyptian Power Grids: Libya* 326/96 12,000 2,590 - 9,410 6,650 29 Interconnection of the Lebanese and Syrian Electric Grids at 400 kV: Lebanon 400/2000 8,000 - 25 4,207 4,149 30 Natural Gas Pipeline (Al-Arish - Aqaba): Egypt* 427/2002 17,000 4,224 - 12,776 12,776 31 Arab Gas Pipeline Project - Third stage (Aleppo - Kalas Section): Syria 529/2008 10,000 - - 1,881 - 32 Electrical Interconnection Between the Arab Republic of Egypt and the Kingdom of Saudi Arabia: Egypt 603/2013 45,000 - - - - Total 394,125 42,170 25 291,800 254,311
* Completed Project.
94 Annual Report 2019 ANNEX 7
Grants Committed and Disbursed 1974 - 2019
(KD 000)
Total Disbursements No. Cancelled Net Percent Balance Amount Grants Beneficiary of and Amount of Total of Grants Approved Approved (%) During Until Grants Balances 2019 31/12/2019
A. National Grants 1 Hashemite Kingdom of Jordan 57 14,014 67 13,947 6.4 113 12,272 1,675
2 Republic of Tunisia 18 6,470 450 6,020 2.8 158 4,514 1,506 Algerian Democratic and 11 2,065 551 1,514 0.7 - 1,289 225 3 People’s Republic
4 Republic of Sudan 25 13,702 963 12,740 5.9 490 12,527 213
5 Republic of Iraq 6 1,120 163 957 0.4 - 657 300
6 Kingdom of Saudi Arabia 9 1,520 668 852 0.5 - 852 -
7 Syrian Arab Republic 16 3,820 1,752 2,068 1.0 - 2,068 -
8 State of Libya 3 625 300 325 0.1 - 45 280
9 Arab Republic of Egypt 57 18,450 727 17,723 8.2 943 16,151 1,573
10 Republic of Yemen 52 17,286 559 16,727 7.7 479 11,543 5,183
11 State of Kuwait 36 4,211 24 4,188 1.9 552 3,830 358
12 Republic of Lebanon 51 21,391 2,622 18,769 8.6 1,568 12,834 5,936
13 Kingdom of Morocco 28 6,050 898 5,152 2.4 - 4,292 860
14 United Arab Emirates 7 194 9 185 0.1 - 185 -
15 Kingdom of Bahrain 15 2,318 265 2,053 0.9 100 2,045 8
16 State of Qatar 1 50 14 36 - - 36 -
17 Somali Democratic Republic 4 1,220 86 1,134 0.5 - 1,134 -
18 Islamic Republic of Mauritania 36 7,300 775 6,525 3.0 247 5,757 767
19 Sultanate of Oman 16 5,325 519 4,806 2.2 - 4,629 177
20 Palestine 175 29,575 1,077 28,498 13.1 - 28,468 1,030
21 Republic of Djibouti 7 1,150 42 1,108 0.5 - 1,108 -
22 Union of the Comoros 2 3,100 - 3,100 1.4 86 1,658 1,442
Total National Grants 632 160,956 12,528 148,428 68.4 4,736 126,896 21,532 B. Inter-Arab Grants 585 75,331 6,744 68,587 31.6 2,186 63,904 4,683
Total National and Inter-Arab Grants 1217 236,287 19,272 217,015 100.0 6,922 190,800 26,215 Urgent Program to Support C. 151,191 - 151,191 - 10,936 141,035 10,157 the Palestinian People* Program to Support the D. 29,651 - 29,651 - 5,424 28,404 1,247 Resistance of Jerusalem** Grand Total 417,129 19,272 397,857 - 23,282 360,239 37,619 *Support decided by the Arab Fund’s Board of Governors to the Palestinian people, over the period 2001-2019. ** Support decided by the Arab Fund’s Board of Governors to the resistance of Jerusalem, in 2010 and 2016.
Annual Report 2019 95 ANNEX 8
Co-financing Activities of the Arab Fund 1974 - 2019
Total Amount Percentage Contributors (KD Million) (%)
1. (A) National and Regional Development Institutions
Arab Fund for Economic and Social Development 4,453.0 31.5
Kuwait Fund for Arab Economic Development 1,545.4 10.9
Abu Dhabi Fund for Development 361.9 2.6
Saudi Fund for Development 699.4 5.0
Islamic Development Bank 1,003.9 7.1
OPEC Fund for International Development 114.3 0.8
Iraqi Fund for External Development 5.0 *
Libyan Foreign Bank 3.0 *
Subtotal 8,185.9 57.9
(B) Other Arab Sources 749.5 5.3
2. International Financial Institutions
World Bank 814.9 5.8
International Fund for Agricultural Development (IFAD) 54.3 0.4
African Development Bank 698.3 4.9
Subtotal 1,567.5 11.1
Foreign Governments and their Development 3. 3,625.2 25.7 Institutions
Grand Total 14,128.1 100.0
* Less than 0.1%.
96 Annual Report 2019
Contents
Page No.
Member States, Governors and Alternate Governors...... 3
Board of Directors...... 5
Basic Financial Data on the Arab Fund as at 31/12/2019...... 7
Overview of Arab Fund Activities...... 8
• First: The Lending Program...... 10 • Second: Grants ...... 17
• Third: Joint Arab Action ...... 26
• Fourth: Financial Statements for the Financial Year Ended 31 December 2019.... 30
Annexes ...... 39
• Annex 1 Project Sheets for Loans Extended During the Year 2019...... 41 • Annex 2 Capital, Resources and Status of Loans and Grants, 1972 - 2019...... 62 • Annex 3 Summary of Loans Extended to Member States, 1974 - 2019...... 66 • Annex 4 Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2019...... 67 • Annex 5 Loans Extended to Beneficiary Member States, 1974 - 2019...... 69 • Annex 6 Loans Extended to Finance Inter-Arab Projects, 1974 - 2019...... 92 • Annex 7 Grants Committed and Disbursed, 1974 - 2019...... 95 • Annex 8 Co-financing Activities of the Arab Fund, 1974 - 2019...... 96
98 Annual Report 2019 Annual Report 2019 99 100 Annual Report 2019