for Economic & Social Social & & Development Development Economic Economic for for Arab Fund Fund Arab Arab
ANNUAL REPORT 2017 Arab Fund for Economic & Social Development Economic for Fund Arab +965 24959000 - Facsimile: +965 24959390/91/92 Al-Safat 13080 Kuwait - Tel.: Box: 21923 P.O. Site: www.arabfund.org Email: [email protected] - Internet Web Airport Road, Shuwaikh Kuwait - State of Kuwait Arab Organizations Headquarters Building - Address: Arab Fund for Economic & Social Development
Annual Report 2017
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 & Social Development
Member States, Governors and Alternate Governors
Member States(1) Governors(2) Alternate Governors(2)
The Hashemite Kingdom of H.E. Mr. Imad Najib Fakhoury H.E. Dr. Saleh A. Al-Kharabsheh Jordan
The Republic of Tunisia H.E. Mr. Zied Laadhari -
The Algerian Democratic and H.E. Mr. Abderrahmane Raouya - People’s Republic
The Republic of Sudan H.E. Dr. Mohamed Osman Al Rikabi -
The Republic of Iraq - -
H.E. Mr. Mohammed Bin Abdullah Al The Kingdom of Saudi Arabia - Jadaan
The Syrian Arab Republic - -
State of Libya H.E. Mr. Osama Saad Hamad Saleh -
The Arab Republic of Egypt H.E. Dr. Hala Helmy El Said H.E. Dr. Sahar Nasr
H.E. Dr. Mohamed Ahmed Ali Al- The Republic of Yemen H.E. Dr. Muhammad Saeed Al Saadi Hawri
The State of Kuwait H.E. Dr. Naif Falah Al Hajraf H.E. Mr. Abdulwahab Al-Bader
The Republic of Lebanon H.E. Mr. Nabil Adnan Al-Jisr H.E. Mr. Alain Bifani
The Kingdom of Morocco H.E. Mr. Mohamed Boussaid H.E. Mr. Zouhair Chorfi
United Arab Emirates H.E. Mr. Obaid Humaid Al-Tayer -
H.E. Sheikh Ahmed Bin Mohammed 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. El Moctar Ould Djay H.E. Mr. Abass Sylla Mauritania H.E. Mr. Darwish Bin Ismaeel Sultanate of Oman - Bin Ali Al-Bulushi
Palestine H.E. Dr. Mohammad Mustafa H.E. Mr. Nasser Qatami
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 31/12/2017. * 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 until 2017.
Annual Report 2017 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 Ibrahim Al Shathri Mr. Djamel Kheznadji Mr. Taher Sarkez Dr. Shehab Eldin Marzban Mr. Saeed Rashid Al Yateem Mr. Ali Bin Mohammad Redha Bin Jaffar Mr. Fouzi Lekjaa
Annual Report 2017 5
Basic Financial Data on the Arab Fund as at 31/12/2017
(KD Million)
Capital* 2820.7
Total Resources 3505.6
Loans
Number of Loan Agreements Signed During the Year 13
Total Amount of Loan Agreements Signed During the Year 458
Total Number of Loans 663
Cumulative Amount of Loan Agreements Signed 9727.7
Cumulative Disbursements on Effective Loans 6283.3
Cumulative Loan Repayments 3444.9
Outstanding Debt Owed to the Arab Fund 2838.4
Grants
Total Number of National and Inter-Arab Grants 1143
Cumulative National and Inter-Arab Grant Commitments 222.2
Cumulative National and Inter-Arab Grant Disbursements 178.1
Cumulative Contributions to the Urgent Program to Support the 164.6 Palestinian People(1)
Cumulative Disbursements for the Urgent Program(1) 138.4
* During its Annual Meeting held on April 2, 2013, the Board of Governors resolved to increase the authorized capital of the Arab Fund to KD 4 billion and to raise the subscribed capital to KD 3 billion. This capital increase is to be effected through the capitalization of part of the additional reserve in the amount of KD 500 million, and by means of additional subscriptions by member states in the aggregate amount of KD 500 million, to be paid in installments over 5 years. The amount mentioned above represents the paid-in capital.
(1) Includes contributions to the Program to Support the Resistance of Jerusalem (1st and 2nd).
Annual Report 2017 7 Overview of Arab Fund Activities
Introduction During 2017, 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 facilities and basic services, increasing production capacity, and improving the investment environment in Arab countries. Furthermore, the Arab Fund continued to allocate national and inter-Arab grants to member countries aimed at providing institutional support and training, contributing to the financing of general studies and research, as well as organizing seminars and conferences, in addition to providing support to the Palestinian people through the Urgent Program.
Loans During the year, the Arab Fund extended 13 loans, in 7 Arab countries, for a total amount of KD 458.0 million. These loans contributed to the implementation of 13 projects, including 12 new and 1 previously financed project. The total cost of these projects was estimated at about KD 928.9 million, with the loans provided by the Arab Fund covering about 49.3% of that amount. The share of loans provided to the energy and electricity sector represented about 39.3% of the total loan commitments during the year, that of the transport and telecommunications sector about 33.0%, that of the water and sewerage sector about 20.7%, and that of the industry and mining sector about 7.0%, of the total amount of loans.
Cumulative Loans Since the commencement of its activities in 1974 and until the end of 2017, the cumulative number of loans provided by the Arab Fund to the public and private sectors has reached 663 for a total amount of about KD 9.7 billion. These loans contributed to the financing of 562projects in 17 Arab countries, and covered about 26.2% of the total cost of these projects. The infrastructure sectors received the majority of loans extended during that period, with a share of about 70.9% of the total amount of loans, followed by the productive sectors with about 19.4%, then the social services sectors with about 6.8%, and the other sectors with about 2.9%. The cumulative number of loans extended to the private sector over that period has reached 14, for a total amount of about KD 56.0 million. Cumulative disbursements of loans extended to both the public and private sectors over the period 1974 - 2017 amounted to about KD 6.3 billion, representing about 75.3% of the net amount of effective loans. The Arab Fund also contributed to the capital of 7 private companies, for a total amount of about KD 31.7 million, in addition to its contribution to the capital of the MENA Fund established by the International Finance Corporation (IFC), in the amount of KD 10.0 million.
8 Annual Report 2017 Grants The Arab Fund provided 32 national and inter-Arab grants in 2017, for a total amount of about KD 7.2 million. These grants included 16 national grants for a total amount of about KD 4.8 million, about 68.3% of which was allocated for emergency programs, about 27.6% for institutional support and training, and about 4.1% for feasibility studies and project preparation. The grants also included 16 inter-Arab grants for a total amount of about KD 2.4 million, about 85.7% of which was allocated for institutional support and training and about 14.3% for seminars and conferences. The Arab Fund also continued its annual contribution to support the resistance of the Palestinian people, allocating during 2017 about KD 5.9 million to the fifteenth phase of the Urgent Program.
Cumulative Grants The cumulative amount of grants extended by the Arab Fund, since the commencement of its operations and until the end of 2017, has reached about KD 386.9 million, of which about KD 154.1 million were provided for the implementation of 602 national grants, about KD 68.1 million for the implementation of 541 inter-Arab grants, about KD 135.0 million as contributions to the 15 phases of the Urgent Program to Support the Palestinian People, which began in 2001, and about KD 29.7 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 316.5 million, or about 85.4% of their net amount.
Joint Arab Action The Arab Fund continued, in 2017, 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, enhancement of Arab food security, support to small and medium enterprises, financing of Arab trade, establishment of an Arab Development Portal, preparation of the Joint Arab Economic Report, cooperation with the World Bank in the Arab Spring Development initiative, and support to Arab and regional institutions’ activities.
Financial Statements According to the Arab Fund’s financial statements for the year ending 31/12/2017, total income was about KD 126.66 million compared to about KD 82.11 million in 2016, while total administrative expenses were about KD 8.67 million compared to about KD 8.52 million in 2016. The Arab Fund’s net profit for the year 2017 was about KD 112.88 million, compared to about KD 59.18 million for the year 2016. The statements also show that total member countries’ equity was about KD 3505.59 million as at 31/12/2017, compared to about KD 3333.52 million at the end of 2016.
Annual Report 2017 9 First: The Lending Program
Preamble During 2017, 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 energy and electricity sector, the transport and telecommunications sector, and the water and sewerage sector. The program also included projects in the industry and mining sector.
Appraisal of Projects and Loan Agreements Signed During the year, the Arab Fund studied several requests it received from member countries for financing projects. These projects were appraised by the Arab Fund’s technical staff through office workand field trips to ensure their technical and economic feasibility, and their conformity with development program priorities in member countries.
A total of 13 loan agreements were signed during the year, for a total amount of KD 458.0 million. These loans contributed to the financing of 13 projects in7 Arab countries. The total cost of these projects was estimated at about KD 928.9 million, with the loans provided by the Arab Fund covering about 49.3 % of that amount.
Effective Loan Agreements A total of 10 loan agreements with 7 Arab countries, amounting to KD 397.0 million, became effective in 2017. These loans were provided for the implementation of projects in the sectors of transport and telecommunications, agriculture and rural development, water, energy and electricity, and housing.
Public Sector Projects The Arab Fund extended 13 public sector loans during the year, amounting to KD 458.0 million, for the implementation of 12 new projects and 1 previously financedproject. Table 1 shows the loan commitments by the Arab Fund during 2017, and Annex 1 provides the project sheets for these loans.
10 Annual Report 2017 Table 1 Loan Commitments During 2017
Date of Amount Signature No. Country Project of Loan of Loan (KD Million) Agreement
Completion of the Rehabilitation and 1 Republic of Djibouti Reinforcement of the Drinking Water 20 18/04/2017 Distribution Network in Djibouti Construction of a 50 Megawatt 18/04/2017 2 Arab Republic of Egypt Photovoltaic Power Station in the City of 26 Kom Ombo Construction of Bridges on Classified 3 Republic of Tunisia 20 18/04/2017 Roads Islamic Republic of 4 Rehabilitation of the Guelb (1) Plant 32 18/04/2017 Mauritania Hashemite Kingdom of 5 Irbid Ring Road (Phase I) 15 18/04/2017 Jordan Construction of El Bagair Power 6 Republic of Sudan 52 18/04/2017 Generating Station Islamic Republic of Water Supply to the Cities of Laayoune 7 15 10/07/2017 Mauritania and Djiguenni, and Neighboring Villages Islamic Republic of Electrical Interconnection Between 8 42 10/07/2017 Mauritania Nouakchott and Zouerate on 225 kV
9 Republic of Tunisia Tunis – Jelma Motorway 50 11/07/2017
Hashemite Kingdom of 10 As Salt Ring Road 14 11/07/2017 Jordan Development of Part of Road 32 in the 11 Sultanate of Oman 52 12/07/2017 Special Economic Zone of Duqm Reinforcement of Desalinated Water 12 Sultanate of Oman Transmission Lines in Ash Sharqiyah 60 23/11/2017 Governorates Development of the Electric Transmission 13 Arab Republic of Egypt 60 23/11/2017 Grid
Total 458
Annual Report 2017 11 Infrastructure sectors accounted for about 93.0% of the total amount of loans provided during 2017, 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. In this context, four loans were extended to finance energy and electricity projects, and amounted to KD 180.0 million or about 39.3% of the total. These projects aim at meeting the increasing demand for electricity, through the construction of power generating stations in Egypt and Sudan, the development of the electric transmission grid in areas with high electric loads in Egypt, and through the electrical interconnection between Nouakchott and Zouerate in Mauritania. Five loans were extended to finance transport projects, amounting to KD 151.0 million or about 33.0% of the total amount of loans extended during the year. These projects aimed at constructing and developing roads in Jordan, Tunisia and Oman, as well as the construction of bridges in Tunisia. Three loans were also extended to finance water and sewerage projects, for a total amount of KD 95.0 million or about 20.7% of the total. The first loan was allocated for the completion of the rehabilitation and reinforcement of the drinking water distribution network in Djibouti, the second loan was allocated for the supply of water to the cities of Laayoune and Djiguenni and neighboring villages in Mauritania, and the third loan was allocated for the reinforcement of desalinated water transmission lines in Oman. The Arab Fund’s loans for the year also included a loan for an amount of KD 32.0 million or about 7.0% of the total amount of loans, for the rehabilitation of the Guelb (1) plant in Mauritania.
Private Sector Projects The Arab Fund works to support the role of the private sector in the economic and social development of Arab countries. During the year, the Arab Fund approved a contribution to the financing of a project tobuild a campus for a private university in Bahrain, through a subscription to the capital of the company which owns the project, and approved, in principle, the provision of a loan to the company. The Arab Fund also approved a contribution to the capital of a real estate company which is constructing a commercial and residential center in Morocco. It also studied several requests to participate in the financing of private sector projects in 7 Arab countries; they included projects in the industry, agriculture, fisheries, cattle herding, energy, real estate, tourism, investment and health sectors. 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 2017, 14 projects, which were previously financed with loans for a total amount of about KD 240.5 million, were completed; their total cost amounted to about KD 432.8 million, with the Arab Fund covering about 55.6% of that cost.
12 Annual Report 2017 Cumulative Lending Activities Since the commencement of its operations in 1974 and until the end of 2017, the Arab Fund extended 663 loans, for a total amount of about KD 9.7 billion. These loans contributed to the financing of 562 projects in 17 Arab countries, and covered about 26.2% of the total cost of these projects. Annex 3 presents a summary of the loans extended to member countries over the period 1974 – 2017, 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 6.9 billion, or about 70.9% of the total amount of loans, of which about KD 3.2 billion was allocated for energy and electricity projects, about KD 2.6 billion for transport and telecommunications projects, and about KD 1.1 billion for water and sewerage projects.
Loans for the productive sectors’ projects amounted to about KD 1.9 billion, or about 19.4% of the total amount of loans, of which about KD 1.4 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 0.7 billion, accounting for about 6.8% of the total, and were allocated to projects in education, health, housing and social development. The remaining 2.9% of the total amount of loans, about KD 0.3 billion, was provided to finance projects in other sectors, which include earthquake mitigation, financial leasing and administrative development.
In addition to financing the main components of projects, the Arab Fund’s loans also provided institutional support for the entities involved for the purpose of training their employees and increase their efficiency. Table 2 shows the sectoral distribution of the loans extended by the Arab Fund during 2017 and over the period 1974 – 2017, while Annex 4 provides a summary of that distribution among beneficiary member countries over the same period.
The cumulative lending activities of the Arab Fund also included 14 loans for private sector projects, for a total amount of KD 56.0 million, which contributed to 12 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 andcement, as well as the tourism, health and financial sectors.In addition to the loans extended to the private sector, the Arab Fund also contributed to the equity capital of 7 private companies in 4 Arab countries, namely Saudi Arabia, Egypt, Yemen and Sudan, in the areas of glass container manufacturing, iron and steel production, cement production, sugar production, power generation, healthcare services, and storage facilities. By the end of 2017, the Arab Fund’s total contributions to these companies had reached about KD 31.7 million, in addition to its contribution to the capital of the MENA Fund established by the International Finance Corporation (IFC) in an amount of KD 10.0 million.
Annual Report 2017 13 Table 2 Loan Commitments by Sector (KD Million)
2017 1974 - 2017 Sector Amount % Amount %
1. Infrastructure Sectors
Transport and Telecommunications 151.00 33.0 2601.90 26.8
Energy and Electricity 180.00 39.3 3164.75 32.5
Water and Sewerage 95.00 20.7 1132.25 11.6
Subtotal 426.00 93.0 6898.90 70.9
2. Productive Sectors
Industry and Mining 32.00 7.0 511.70 5.3
Agriculture and Rural Development - - 1368.80 14.1
Subtotal 32.00 7.0 1880.50 19.4
3. Social Services Sectors* - - 661.50 6.8
4. Other Sectors - - 286.83 2.9
Grand Total 458.00 100.0 9727.73 100.0
* Include mainly the Education, Health, Housing and Social Development Sectors.
Sectoral Distribution of Loan Commitments (Percentage)
During 2017 During the Period 1974 - 2017
Industry Other Sectors Transport and Transport and and Mining 2.9% Telecommunications Telecommunications 7.0% 33.0% Social Services 26.8% Sectors 6.8%
Agriculture and Rural Development 14.1%
Industry and Mining Water and Water and Energy and Sewerage Energy and Sewerage 5.3% Electricity 11.6% Electricity 20.7% 39.3% 32.5%
14 Annual Report 2017 Inter-Arab Projects The Arab Fund maintained its support to joint Arab efforts to build a basic framework and to strengthen means of communication and interconnections between member countries. Since the start of its operations in 1974 and until the end of 2017, the Arab Fund extended 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. Total disbursements of these loans have reached about KD 291.7 million at the end of 2017, or about 82.7% of their net amount. Annex 6 provides details on the loans extended to finance inter-Arab projects over the period 1974 – 2017.
Co-Financing Activities The Arab Fund also continued its co-financing of projects in Arab countries with Arab national, regional and international development institutions. During 2017, 4 projects were co-financed with otherinstitutions in Jordan, Mauritania, and Tunisia, in the sectors of transport and telecommunication, and energy and electricity. During the period 1974 – 2017, the total contribution of the Arab Fund to development projects co-financed with Arab national, regional and international development institutions has reached about KD 4.2 billion, representing about 30.7% of the total amount of co-financed projects, which amounted to about KD 13.5 billion. Annex 8 provides details on co-financing activities over that period.
Disbursements and Repayments Total disbursements during 2017 amounted to about KD 269.5 million. Cumulative disbursements of all loans over the period 1974 – 2017 have amounted to about KD 6283.3 million, including KD 43.1 million for private sector projects. Repayments of loans in 2017 amounted to about KD 242.9 million. Cumulative repayments over the period 1974 – 2017 have amounted to about KD 3444.9 million, which represented about 54.8% of cumulative disbursements.
Annual Report 2017 15 Box 1 Involvement of the Arab Fund in the Electricity Sector in Mauritania
Introduction financing the construction of a 100 MW The installed generating capacity in Mauritania, wind farm in the Boulenoir area, close to in 2007, was about 64 MW, distributed among Nouadhibou, which, when completed in 2020, two power generating stations: Arafat PGS, will be one of the most efficient farms in the rated at 42 MW and Nouadhibou PGS, rated world, as its generating capacity will be around at 22 MW. Each station fed its local loads 60%, compared to an average generating through a 15 kV distribution network. During capacity of around 35% for most wind farms. the same year, the peak load in Nouakchott reached around 65 MW, and the energy Evolution of Installed Generating demand reached 440 GWH, far exceeding the Capacities on the Mauritanian Network output from the Arafat PGS. (Exiting and Expected)
This led to widespread and frequent electric 450 400 Solar PV outages in the city, forcing the Mauritanian Generating Government to rent small diesel engines, 350 Stations 300 running on expensive light fuel oil, which
MW 250 Wind Farms constituted a high financial burden on the 200 Government. 150 100 The Arab Fund’s Contributions 50 Diesel Units 0 To alleviate the above problem, the Arab 2007 2009 20112013 2015 2017 2019 2021 Fund, during the period 2007-2017, provided eleven loans, totaling KD 230 Million, to the Mauritanian Government to support The generation projects financed by the the electricity sector. These loans led to a Arab Fund significantly reduced Mauritania’s significant improvement in the performance of dependence on fossil fuel for power the sector. generation. Over the period 2007-2017, the share of energy delivered to the network from The Development of the Generating System thermal power plants decreased from 80% As a result of the loans provided by the Arab to 62%, and when the Boulenoir wind farm Fund, the Islamic Development Bank, OFID, and enters operation and the 50 MW solar PV the Government of the U.A.E., the Mauritanian station is fully utilized, approximately 70% of Electricity Company (SOMELEC), was able to the energy delivered to the Mauritanian grid increase the installed generating capacity from will come from renewable resources. This 64 MW to 265 MW, an annual percent increase will be a major achievement since such ratio of 15%. This was mainly accomplished through currently ranges between 30% and 40% in the construction of the 180 MW Nouakchott the European countries, and is below 20% in North PGS, the rehabilitation and expansion of most Arab countries. the Nouadhibou PGS, and the construction of a 30 MW wind farm and 50 MW Solar PV PGS, Distribution of Energy Delivered both in Nouakchott. to the Network (According to Source of Generation) All these projects entered into service and currently operate in a satisfactory manner. As 100% 90% Diesel Units a result of these projects, SOMELEC has been 80% able to satisfy all the demand that occurred 70% 60% Wind Farms during the last four years, and has enough 50% 40% capacity to meet the expected demand for the 30% Solar PV next 5 years. 20% 10% Bought from 0% Manatali 2007 2009 20112013 2015 2017 2019 2021 Network The Arab Fund and OFID are currently co-
16 Annual Report 2017 As a result of reduced dependence on fossil Work is currently underway on the execution fuel, the average cost of electricity generation of distribution and transmission projects in in the Mauritanian grid has decreased from the Southern and Eastern Regions. The first 13.5 cents/kWH in 2007 to around 10.5 cents/ project involves feeding several cities located kWH in 2017, and is expected to drop further in the Southern Region with the electricity to around 6.5 cents/kWH by 2021. generated from the dams constructed along the Manantali river, while the second involves Evolution of Levelized Cost of Generation the construction of two hybrid power plants on the Mauritanian Network in the cities of Ne’ma and Adel Bagrou, and around 1100 km of overhead lines to electrify 16.0 a number of cities and villages located in the 14.0 Eastern region. 12.0 10.0 180 MW 8.0 Northern PGS
(Cents/KWH) 6.0 North S/S 4.0 North East S/S 15 MW PV 2.0 Solar PGS Central S/S 0.0 2007 2009 20112013 2015 2017 2019 2021 Harbour 36 MW East S/S PGS West S/S Arafat Arafat 53.5 S/S 50 MW PV Control MW PGS Solar PGS The Development of the Transmission Center and Distribution Networks
One of the transmission projects, financed by Aftout S/S 30 MW Wind Farm the Arab Fund, was for the construction of a 33 kV ring around Nouakchott. The project aimed Additionally, three other interconnection at evacuating the energy produced from the projects, all on 225 kV, are under execution. newly-constructed and future-planned power The first is to connect the electrical networks plants, and reducing the dependence on the of Nouakchott and Nouadhibou, the second to existing 15 kV network. connect the electrical networks of Nouakchott and Zouerate, and the third to re-enforce the The project included the construction of six new interconnection between the Mauritanian substations and around 200 km of underground and the Senegalese grids to increase the cables, along with the construction of a national transfer capacity between them from 80 MW control center and a regional control center. to approximately 300 MW. All three projects The former will monitor and supervise the should be operational by 2020. performance of the generation and transmission system, along with the interconnections with the neighboring countries, while the latter will monitor and control the distribution network in Nouakchott. Zouerate Nouadhibou Mauritania Boulenoir The transmission system expansion project Attar was completed in 2016, and the two control Shami 225 kv Akjoujt 90 kv centers should be fully operational in the 33 kv Nouakchott Shegar Sangrava beginning of 2018. This should lead to the Maqtaa Ne’ma Bou Telimit L’Ihjar reduction in the transmission losses in the Ilaq network, the amount of fuel used for generation, To Tobein Adel Bagrou Substation in Senegal and the time needed to locate faults.
Annual Report 2017 17 Second: Grants
Grants During 2017 Many grant applications were reviewed during 2017, and priorities were determined in coordination with the concerned institutions in the member countries, subject to available financial resources. A total of 32 grants, amounting to about KD 7.2 million, were approved during the year. These grants included 16 national grants which amounted to about KD 4.8 million, and were provided to 8 Arab countries. The grants also included 16 inter-Arab grants which amounted to about KD 2.4 million, and were allocated to support 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 5.9 million. Table 3 presents these grants.
The Arab Fund continued to give priority to activities that reinforce institutional support and training, with 21 grants allocated to these activities for a total amount of about KD 3.4 million, representing about 46.9% of total grants provided during the year. These grants included 13 national grants for a total amount of about KD 1.3 million, and 8 inter-Arab grants for a total amount of about KD 2.1 million. The grants aimed at enhancing the performance of specialized institutions by improving the quality of services they provide, and supporting the activities and programs of a number of research and education centers, in addition to contributing to some vital projects, as well as contributing to support the Construction Techniques Testing Center of the Ministry of Equipment, Housing and Territorial Development in Tunisia.
The grants provided during 2017 included 2 grants to Yemen for emergency programs, for a total amount of about KD 3.3 million, representing about 45.6% of the total amount of grants provided during the year. One of these grants contributed to the financing of the food security program in Yemen, and the other contributed to the financing of the urgent needs of the centers affiliated with the National Cancer Control Foundation. During the year a grant was also provided to contribute to a feasibility study and project preparation, for an amount of about KD 0.2 million, representing about 2.8% of the total amount of grants provided during the year, aimed at preparing a study for a project to cultivate 100 thousand feddan of desert areas using an agricultural greenhouse system. The grants provided during the year also contributed to the organization of a number of seminars and conferences, for a total amount of about KD 0.3 million representing about 4.7% of total grants, on topics of common interest to most Arab countries. Table 4 shows the grant commitments by activity.
Cumulative Grants The total amount of grants provided by the Arab Fund, since the beginning of its operations and until the end of 2017, amounted to about KD 386.9 million, of which about KD 222.2 million contributed to the financing of 1143 national and inter-Arab grants, and about KD 164.6 million to support the Palestinian people through the Urgent Program and the Program to Support the Resistance of Jerusalem.
18 Annual Report 2017 The number of national grants provided reached 602 for a total amount of about KD 154.1 million, and were allocated as follows: about KD 76.5 million for institutional support and training, about KD 17.3 million for feasibility studies and project preparation, KD 5.9 million for general studies and research, and KD 183 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 systems and statistics, undertaking population censuses, supporting the activities of several research centers, and preserving national heritage. Furthermore, national grants included grants for a total amount of about KD 54.2 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 reached 541 for a total amount of about KD 68.1 million, and were allocated as follows: about KD 40.2 million to provide institutional support and training programs 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 5.5 million to organize seminars and conferences to discuss priority development issues for Arab countries, and about KD 2.9 million to implement emergency programs.
In addition, the cumulative contributions provided by the Arab Fund to support the Palestinian people include the grants allocated within the framework of the Urgent Program, since its beginning in 2001 and until the end of 2017, amounting to about KD 135.0 million. The contributions of the Arab Fund to support the Palestinian people also include the grants allocated within the framework of the Program to Support the Resistance of Jerusalem, in 2010 and 2016, which have amounted to about KD 29.7 million.
Grant Disbursements Cumulative disbursements of grants, approved over the period 1974 – 2017, amounted to about KD 316.5 million, including about KD 178.1 million for national and inter-Arab grants, and about KD 138.4 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 2017, a total of 30 grants, amounting to about KD 7.9 million, were completed. This brought the total number of national and inter- Arab grants completed during the period 1974 – 2017 to 979, with a cumulative amount of about KD 160.8 million, while a total of 118 grants, amounting to about KD 52.9 million, remain under execution. Moreover, the total number of reimbursed and fully cancelled grants reached 46, for a total amount of about KD 8.5 million.
Annual Report 2017 19 Approval 23/11/2017 23/11/2017 20/06/2017 25/04/2017 18/01/2017 20/06/2017 25/07/2017 15/03/2017 23/03/2017 02/03/2017 02/03/2017 02/03/2017 17/04/2017 20/06/2017 20/06/2017 20/06/2017 Date of Board 5/2017 6/2017 7/2017 21/2017 24/2017 10/2017 19/2017 22/2017 25/2017 30/2017 31/2017 DG/1-2017 DG/8-2017 DG/9-2017 No. of Grant DG/15-2017 DG/26-2017 9 5 65 50 16 15 100 100 300 175 250 200 200 150 200
3000 4835 Amount
(KD 000) Allocated
(5) Emergency Programs Emergency (5)
(3) General Studies and Research (4) Seminars and Conferences and Seminars (4) Research and Studies General (3)
(1) Feasibility Studies and Project Preparation (2) Institutional Support and Training and Support Institutional (2) Preparation Project and Studies Feasibility (1)
4835
(2) Grants National Total
(2)
31/2017 200 23/11/2017 16 Bahrain/ Contribution to the Third Phase of the Project on the Development of Neighborhoods in Muharraq Muharraq in Neighborhoods of Development the on Project the of Phase Third the to (2) Contribution Bahrain/ (2)
(2)
Territorial Development Development Territorial
30/2017 250 23/11/2017 (2) 15
Tunisia/ Contribution to Support the Construction Techniques Testing Center of the Ministry of Equipment, Housing and and Housing (2) Equipment, of Ministry the of Center Testing Techniques Construction the Support to Contribution Tunisia/
DG/26-2017 50 25/07/2017 14
Kuwait/ Project to Build and Furnish the Kuwait Education Center for Special Needs Students – Socotra Island Island Socotra – Students Needs Special for (2) Center Education Kuwait the Furnish and Build to Project Kuwait/
(2)
(2)
25/2017 175 20/06/2017 13 Mauritania/ Electrical Interconnection Between Nouakchott and Zouerate on 225 kV kV 225 on Zouerate and Nouakchott Between Interconnection Electrical Mauritania/
(2)
24/2017 65 20/06/2017 12 Mauritania/ Water Supply to the Cities of Laayoune and Djiguenni, and Neighboring Villages Villages Neighboring and Djiguenni, and Laayoune of Cities the to Supply Water Mauritania/
(2) (2)
Foundation Foundation
22/2017 300 20/06/2017 (5) 11
Yemen/ Contribution to the Financing of the Urgent Needs of the Centers Affiliated with the National Cancer Control Control Cancer National the with Affiliated Centers the of Needs Urgent (5) the of Financing the to Contribution Yemen/
(2)
21/2017 3000 20/06/2017 10 Yemen/ Contribution to the Financing of the Food Security Program in Yemen Yemen in Program Security Food the of Financing the to Contribution Yemen/
(5)
19/2017 100 20/06/2017 9 Oman/ Financing the Upgrade of the Loan System in the Ministry of Finance Finance of Ministry the in System Loan the of Upgrade the Financing Oman/
(2)
Camps in Lebanon Lebanon in Camps
DG/15-2017 9 25/04/2017 (2) 8 Kuwait/ Support to the Efforts of Bayt El Yasmeen Charity’s Team in the Area of Teaching Syrian Children in Refugee Refugee in Children Syrian Teaching of Area the in Team Charity’s Yasmeen El Bayt of Efforts the to Support Kuwait/ Grants Approved During 2017 Approved Grants
10/2017 100 17/04/2017 7
Mauritania/ Contribution to the Financing of the Institutional Support Project for the National Accounting System System Accounting (2) National the for Project Support Institutional the of Financing the to Contribution Mauritania/ (2)
DG/9-2017 15 23/03/2017
6 Beneficiary/Grant sponsor level Jawhara Al an as 2017 Competition Court Moot Arab the to Contribution Kuwait/
(2)
DG/8-2017 16 15/03/2017 5 Kuwait/ Support to the Program Startup Kuwait – National Innovation and Entrepreneurship Challenge Challenge Entrepreneurship and Innovation National – Kuwait Startup Program the to Support Kuwait/ (2)
(2) an Agricultural Greenhouse System System Greenhouse Agricultural an
7/2017 200 02/03/2017 (1) 4 Egypt/ Contribution to the Preparation of a Study for a Project to Cultivate 100 Thousand Feddan of Desert Areas using using Areas Desert of Feddan Thousand 100 Cultivate to Project a for Study a of Preparation the to Contribution Egypt/
(1)
prepared by the Kuwait Water Association Association Water Kuwait the by prepared
6/2017 150 02/03/2017 (2)
3
Kuwait/ Contribution to the Coverage of the Cost of the Water Guidance Project to Raise the Efficiency of Water Usage, Usage, Water of Efficiency the Raise to Project Guidance Water the of Cost the of Coverage the to Contribution Kuwait/
the Jordan Hashemite Charity Organization in Ghabawi Ghabawi in Organization Charity Hashemite Jordan the
5/2017 200 02/03/2017 (2) 2
Jordan/ Contribution to the Construction of Warehouses and the Preparation of Additional Yards and Offices on the site of of site the on Offices and Yards Additional of Preparation the and Warehouses of Construction the to Contribution Jordan/
(2)
DG/1-2017 5 18/01/2017 1
Kuwait/ Completion of the Construction and Furnishing of the Building of Kuwait Economic Society Society Economic Kuwait of Building the of (2) Furnishing and Construction the of Completion Kuwait/ (2) A: National Grants National A:
(5)
(KD 000) (KD
Approval
No. No. of Grant of No. Beneficiary/Grant Allocated
Board of Date Amount Amount
Total National Grants Total Mauritania/ Electrical Interconnection Between Nouakchott and Zouerate on 225 kV Mauritania/ Electrical Interconnection Between Education Center for Special Needs Students – Socotra Island Kuwait/ Project to Build and Furnish the Kuwait Center of the Ministry of Equipment, Housing and Testing Techniques the Construction Contribution to Support Tunisia/ Development Territorial Third Phase of the Project on the Development of Neighborhoods in Muharraq Bahrain/ Contribution to the Oman/ Financing the Upgrade of the Loan System in the Ministry of Finance Oman/ Financing the Upgrade of the Loan System Yemen of the Food Security Program in Contribution to the Financing Yemen/ with the National Cancer Control Affiliated of the Urgent Needs of the Centers Contribution to the Financing Yemen/ Foundation and Neighboring Villages Supply to the Cities of Laayoune and Djiguenni, Mauritania/ Water Kuwait/ Support to the Program Startup Kuwait – National Innovation and Entrepreneurship Challenge Kuwait/ Support to the Program Startup Kuwait Al Jawhara level sponsor Arab Moot Court Competition 2017 as an Kuwait/ Contribution to the Accounting System the Institutional Support Project for the National Mauritania/ Contribution to the Financing of in Refugee Syrian Children Teaching Area of in the Team Charity’s Yasmeen of Bayt El Kuwait/ Support to the Efforts Camps in Lebanon Jordan/ Contribution to the Construction of Warehouses and the Preparation of Additional Yards and Offices on the site of and Offices Yards Additional of and the Preparation the Construction of Warehouses Jordan/ Contribution to Charity Organization in Ghabawi the Jordan Hashemite Water Usage, Raise the Efficiency of Guidance Project to the Coverage of the Cost of the Water Kuwait/ Contribution to Association Water prepared by the Kuwait using Areas Feddan of Desert Thousand 100 the Preparation of a Study for a Project to Cultivate Egypt/ Contribution to System Agricultural Greenhouse an Kuwait/ Completion of the Construction and Furnishing of the Building of Kuwait Economic Society the Construction and Furnishing of the Building Kuwait/ Completion of
Annual Report 2017 Report Annual Table 3 Table
1 9 2 6 7 3 4 5 8
11 13 15 10 12 14 16 No. A: National Grants Table 3 Table 2017 During Approved Grants (1) Feasibility Studies and Project Preparation (2) Institutional Support and Training and (1) Feasibility Studies and Project Preparation (2) Institutional Support Conferences (3) General Studies and Research (4) Seminars and (5) Emergency Programs 20
20 Annual Report 2017
(5) Emergency Programs Programs Emergency (5)
(3) General Studies and Research (4) Seminars and Conferences and Seminars (4) Research and Studies General (3) 21
(1) Feasibility Studies and Project Preparation (2) Institutional Support and Training and Support Institutional (2) Preparation Project and Studies Feasibility (1)
13150 Approval Total Grand
05/11/2017 19/11/2017 13/12/2017 17/04/2017 22/05/2017 18/06/2017 22/08/2017 31/01/2017 16/02/2017 01/05/2017 20/06/2017 20/06/2017 02/03/2017 17/04/2017 17/04/2017 17/04/2017
Date of Board
5918 Fifteenth Phase of the Urgent Program to Support The Palestinian People Palestinian The Support to Program Urgent the of Phase Fifteenth
7232 Total National and Inter-Arab Grants Inter-Arab and National Total
Annual Report 2017 Report Annual 2397 Total Inter-Arab Grants Inter-Arab Total
Action Institutions Institutions Action
(4) 16 13/12/2017 DG/32-2017 3 4/2017
11/2017 12/2017 20/2017 23/2017 14/2017 13/2017 Arab League/ Contribution to the Annual Media Conference to Promote the Achievements and Activities of Joint Arab Arab Joint of Activities and Achievements the Promote to Conference Media Annual the to Contribution League/ Arab
DG/2-2017 DG/3-2017
15 19/11/2017 DG/29-2017 10
No. of Grant Forum Communication and Technology Media the to Support Institution/ Planning Arab
DG/32-2017 DG/17-2017 DG/18-2017 DG/27-2017 DG/28-2017 DG/29-2017 DG/16-2017 (4)
14 05/11/2017 DG/28-2017 20 Inter-Arab (Delta Consulting)/ Support to the First Family Budget Forum Forum Budget Family First the to Support Consulting)/ (Delta Inter-Arab
(4)
13 22/08/2017 DG/27-2017 18 Inter-Arab (Arab Electricity Regulators)/ Support to the Arab Electricity Regulators’ Activities Activities Regulators’ Electricity Arab the to Support Regulators)/ Electricity (Arab Inter-Arab (2)
3 Comprehensive Growth in Arab Countries Countries Arab in Growth Comprehensive
(4) 12 20/06/2017 23/2017 100 30 30 18 20 10 50 30 75 31
300 100 100 100 500 Inter-Arab (Arab Fund)/ Contribution to the Financing of the Joint Seminar on Economic Policies to Achieve Achieve to Policies Economic on Seminar Joint the of Financing the to Contribution Fund)/ (Arab Inter-Arab
2397 7232 5918 1000 Amount
(KD 000) 13150
Allocated
the Use of the Arabic Language Language Arabic the of Use the
(2) 11 20/06/2017 20/2017 300
World Trade Organization/ Contribution to the Coverage of Part of the Cost of the First Phase of the Project to Broaden Broaden to Project the of Phase First the of Cost the of Part of Coverage the to Contribution Organization/ Trade World
10 18/06/2017 DG/18-2017 30
Middle East and North Africa Health Policy Forum/ Contribution to the Coverage of the Cost of the Forum’s Conference Conference Forum’s the of Cost the of Coverage the to (4) Contribution Forum/ Policy Health Africa North and East Middle (4)
9 22/05/2017 DG/17-2017 30 Inter-Arab/ Support to the Execution of the Higher Studies Program in Public Health Health Public in Program Studies Higher the of Execution the to Support Inter-Arab/
(2)
8 01/05/2017 DG/16-2017 31 Inter-Arab/ Contribution to the Coverage of the Cost of Teaching Syrian Migrants Affected by the War War the by Affected Migrants Syrian Teaching of Cost the of Coverage the to Contribution Inter-Arab/
(2)
7 17/04/2017 14/2017 500 ICARDA/ Support to the Center’s Work Programs Programs Work Center’s the to Support ICARDA/
(2)
(4) Countries Arab Several in (2)
6 17/04/2017 13/2017
1000 (2) ICARDA/ Contribution to the Financing of the Project for the Sustainability and Operation of Regional Research Centers Centers Research Regional of Operation and Sustainability the for Project the of Financing the to Contribution ICARDA/
Development Initiative Initiative Development
(2) 5 17/04/2017 12/2017 75 ERF/ Contribution to the Coverage of Part of the Cost of the Activities of the Second Phase of the Arab Spring Spring Arab the of Phase Second the of Activities the of Cost the of Part of Coverage the to Contribution ERF/
(2)
2016/2017 2016/2017
(2) 4 17/04/2017 11/2017 100
Arab Planning Institute/ Contribution to the Coverage of the Programs and Activities of the Institute for the Financial Year Year Financial the for Institute the of Activities and Programs the of Coverage the to (4) Contribution Institute/ Planning Arab
3 02/03/2017 4/2017 100 (2) Conference Annual Third Twenty ERF’s to Support ERF/
(4)
2 16/02/2017 DG/3-2017 30
Arab Thought Forum/ Contribution to the Coverage of the Cost of the Seventh Arab Youth Conference Conference Youth Arab Seventh the of Cost the of Coverage the to Contribution Forum/ Thought Arab
(4)
(4) it” Facing in Teachers of Role the and Wastage Educational on Conference
(4) 1 31/01/2017 DG/2-2017 50
Arab Center for Educational Research for the Gulf States/ Contribution to the Coverage of the Cost of the “Educational “Educational the of Cost the of Coverage the to Contribution States/ Gulf the for (4) Research Educational for Center Arab
B: Inter-Arab Grants Inter-Arab B:
(KD 000) (KD
Approval
No. No. of Grant of No. Allocated Beneficiary/Grant
Grants Approved During 2017 During Approved Grants Board of Date
Amount Amount (4)
Beneficiary/Grant (Continued) 3 Table (2) Grants Approved During 2017 During Approved Grants (4) (2) (2) (2) (4) (2) Grand Total Arab League/ Contribution to the Annual Media Conference to Promote the Achievements and Activities of Joint Arab Activities of Joint Achievements and Annual Media Conference to Promote the Arab League/ Contribution to the Action Institutions Inter-Arab Grants Total Inter-Arab Grants National and Total Support The Palestinian People Fifteenth Phase of the Urgent Program to Inter-Arab (Arab Fund)/ Contribution to the Financing of the Joint Seminar on Economic Policies to Achieve of the Joint Seminar on Economic Policies to Inter-Arab (Arab Fund)/ Contribution to the Financing Arab Countries Comprehensive Growth in Activities Arab Electricity Regulators’ to the Inter-Arab (Arab Electricity Regulators)/ Support First Family Budget Forum Inter-Arab (Delta Consulting)/ Support to the Forum and Communication Technology Arab Planning Institution/ Support to the Media ICARDA/ Support to the Center’s Programs Work by the War Affected Syrian Migrants Teaching Cost of Inter-Arab/ Contribution to the Coverage of the Studies Program in Public Health Inter-Arab/ Support to the Execution of the Higher Conference Coverage of the Cost of the Forum’s Africa Health Policy Forum/ Contribution to the Middle East and North the First Phase of the Project to Broaden Organization/ Contribution to the Coverage of Part of the Cost of Trade World Arabic Language the Use of the ERF/ Support to ERF’s Twenty Third Annual Conference Third Twenty ERF/ Support to ERF’s Year Financial Activities of the Institute for the and Contribution to the Coverage of the Programs Arab Planning Institute/ 2016/2017 Arab Spring of the Activities of the Second Phase Coverage of Part of the Cost of the ERF/ Contribution to the Development Initiative Centers and Operation of Regional Research to the Financing of the Project for the Sustainability ICARDA/ Contribution Arab Countries in Several Arab Center for Educational Research for the Gulf States/ Contribution to the Coverage of the Cost of the “Educational to the Coverage of the Cost of the “Educational Research for the Gulf States/ Contribution Arab Center for Educational it” in Facing Teachers and the Role of Wastage Conference on Educational Conference Youth Arab of the Seventh Contribution to the Coverage of the Cost Thought Forum/ Arab 1 6 2 3 9 4 5 8 7 11 10 14 15 16 12 13 No. B: Inter-Arab Grants B: Inter-Arab Table 3 (Continued) Table (1) Feasibility Studies and Project Preparation (2) Institutional Support and Training (2) Institutional Support and (1) Feasibility Studies and Project Preparation Conferences (3) General Studies and Research (4) Seminars and (5) Emergency Programs
Annual Report 2017 21 2.5 8.6 % 25.7 52.5 10.7 100.0 Total 5635 19111 29651 57100 23700 116701 386887 134989 222247 Amount 4.3 8.0 9.4 % 59.0 19.3 100.0 2930 5452 6380 68124 40191 13171 Amount Inter-Arab Grants During the Period 1974 - 2017 During the Period 1974 0.1 3.9 % 11.2 35.2 49.6 100.0 183 5940
54170 76510 17320
National Grants 154123 Amount
Grand Total Grand 13150 386887 - 4.7 2.8 %
45.6 46.9
100.0
Program to Support the Resistance of Jerusalem of Resistance the Support to Program - 29651 Total - -
343 200
5918 People 7232 3300 3389
5918 134989 13150 Amount Palestinian the Support to Program Urgent
- - -
Total National and Inter-Arab Grants Inter-Arab and National Total 100.0 222247 100.0 68124 100.0 154123 100.0 7232 100.0 2397 100.0 4835 % 14.3 85.7 100.0
(KD 000) (KD 25.7 57100 4.3 2930 35.2 54170 45.6 3300 - - 68.3 3300 Emergency Programs Emergency - 5 - - 343 During 2017 2397 2054
Amount 2.5 5635 8.0 5452 0.1 183 4.7 343 14.3 343 - Inter-Arab Grants - Seminars and Conferences and Seminars 4 - -
4.1
% 8.6 19111 19.3 13171 3.9 5940 ------General Studies and Research and Studies General 68.3 3 27.6 100.0
- -
52.5 116701 59.0 40191 49.6 76510 46.9 3389 85.7 2054 27.6 1335 Institutional Support and Training and Support Institutional Grant Commitments by Activity Commitments Grant 2 200 4835 3300 1335
National Grants Amount
10.7 23700 9.4 6380 11.2 17320 2.8 200 - - 4.1 200 Feasibility Studies and Project Preparation Project and Studies Feasibility 1
% Amount % Amount % Amount % Amount % Amount % Amount
Activity
Inter-Arab Grants Inter-Arab Grants National Inter-Arab Grants Inter-Arab Grants National Total Total
During 2017 During During the Period 1974 - 2017 - 1974 Period the During
Table 4 Table
(KD 000) Activity (KD Grant Commitments by Activity by Commitments Grant Emergency Programs Seminars and Conferences General Studies and Research Institutional Support and Training Institutional Support and Feasibility Studies and Project Preparation Feasibility Studies and Annual Report 2017 Report Annual Program to Support the Resistance of Jerusalem Program to Support Grand Total Urgent Program to Support the Palestinian Urgent Program to Support the Palestinian People Total National and Inter-Arab Grants Total 5 4 3 2 1 Table 4 Table 22
22 Annual Report 2017 Grant Commitments by Activity (Percentage)
National Grants during 2017 Inter-Arab Grants during 2017
Feasibility Studies and Project Institutional Seminars and Preparation Support and Conferences 4.1% Training 14.3% 27.6%
Emergency Institutional Support Programs and Training 68.3% 85.7%
National Grants during the Period 1974 - 2017 Inter-Arab Grants during the Period 1974 - 2017
Feasibility Studies Feasibility Studies Emergency and Project and Project Emergency Programs Preparation Preparation Institutional Support Programs Institutional 35.2% 11.2% 9.4% and Training 4.3% Support and 49.6% Training Seminars 59.0% and Conferences 8.0%
General Studies and Seminars and Research Conferences 19.3% 0.1% General Studies and Research 3.9%
Annual Report 2017 23 Support to the Palestinian People The total amount of contributions made by the Arab Fund to Palestine, since the beginning of its operations and up to the end of 2017, reached about KD 210.2 million, including about KD 193.2 million in the form of grants, representing about 91.9% of the total contributions, and the remaining as concessional loans provided to the Palestinian National Authority.
The Urgent Program to Support the Palestinian People: The Arab Fund continued its efforts to provide support to the Palestinian people to reinforce their resistance and presence on their land, as well as improve their economic and social conditions in light of the occupation’s policies, which aim at erasing the Palestinian identity and weakening its econmoy. During 2017, the Arab Fund allocated an amount of about KD 5.9 million, or about 10% of the Arab Fund’s net income for 2016, to contribute to the fifteenth phase of the program, which is renewed annually since 2001. Thus, the total contribution of the Arab Fund to this program over the period 2001 – 2017 reached about KD 164.6 million. This program provides support to non-government institutions and civil societies which provide education, health and social services to local communities. It contributes to the support of universities and educational institutions, and rehabilitation of school buildings, as well as raising the level of health services through the rehabilitation and development of health institutions, rural development and economic empowerment.
The Arab Fund worked 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 presented 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, qualifying and training graduates, providing school buildings, and supporting universities and educational institutions in order to ensure they remain and continue to perform their educational tasks. The Arab Fund’s interventions within the framework of the Urgent Program included the provision of small and medium loans to reactivate the industrial and agricultural sectors and encourage youth initiatives, as well as improve rural development through the improvement of infrastructure, water, electricity and road facilities in rural communities. The program also contributed to the establishment of health centers and hospitals, and facilities for social care, obstetrics care, child care and special needs care, including the provision of modern medical equipment and supplies to the hospitals and health centers.
The grants provided by the Arab Fund to Palestine contributed to supporting the role of the different institutions and civil societies and their ability to provide the best basic services which affect the well-being of the local community. It also provided opportunities for higher education to marginalized groups, improvements to living conditions for rural women, the development and rehabilitation of human resources, and the training of
24 Annual Report 2017 teachers and doctors. The support also contributed to the preservation of cultural heritage and civilization 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 in Palestine: 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 centres, schools and universities, the development of infrastructure, the rehabilitation of wells, reclamation of agricultural lands threatened with confiscation, and urgent construction to revive the cultural and architectural heritage of historical buildings. This cooperation also included support to civil society institutions which provide health, social and educational services. The total committed amount is estimated at about KD 31.6 million, including support to Jerusalem, and the disbursed amount reached about KD 27.9 million, or about 88.3% of the total amount committed. Coordination between the Arab Fund and the Islamic Development Bank also included the selection of projects to be financed under the fifteenth phase of the Urgent Program.
Annual Report 2017 25 Third: Joint Arab Action
Introduction The Arab Fund continued, in 2017, 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, which includes the Arab national and regional institutions, preparing and participating in their periodic meetings and the meetings of the technical committees, as well as preparing and participating in the Coordination Group’s meetings with regional and international financing institutions. During 2017, the seventy ninth Coordination Group meeting, which was held at the Directors of operations level, took place at the headquarters of the Saudi Fund for Development in Riyadh, Saudi Arabia during the period 4 – 6 April, 2017. During the meeting, many topics were studied and discussed, most notably the topic of the Deep Dive Initiative with the World Bank, where the Coordination Group discussed the steps which the Group could take in light of the memorandum of understanding, which specifies the areas of cooperation between the Coordination Group and the World Bank within that initiative. Also during the meeting, the implementation of the final stages of the Arab Development Portal was presented, and discussions were held regarding the publication and harmonization of data between the members of the Coordination Group. It was agreed that there was a necessity to create and approve a database which should be built on internationally harmonized terminologies such as those used by the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD/DAC).
The eightieth Coordination Group meeting was also held during 2017, and took place at the headquarters of the Arab Fund for Economic and Social Development during the period 3 – 5 October, 2017. This meeting’s agenda contained many topics, which included the implementation of energy exchange in the Arab region, the Islamic Development Bank’s experience in managing operations performance and development results, the role of capital markets in financing infrastructure, financial inclusion and the Sustainable Development Goals, as well as the approval of the final draft of the memorandum of understanding for the Deep Dive Initative between the Coordination Group and the World
26 Annual Report 2017 Bank, which was signed on 15/10/2017, in Washington DC, USA, on the sidelines of the World Bank meetings. Aside from these topics, the agenda also included a meeting with the United Nations Country Team for Palestine, who gave a presentation on the situation in Palestine, with emphasis on the health, education, housing and agriculture sectors. A meeting with the European Commission representatives was also held, in which they presented their action plans for the Arab and African regions, and proposed a restructuring of joint activities between the two groups, which will include routine discussions and joint operations.
Within the framework of continued cooperation with international organizations, the annual High Level meeting between the Heads of the Coordination Group Institutions and the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD/DAC) was held, to discuss the achievement of the Sustainable Development Goals for 2030. During the meeting, which was held in Bern, Switzerland on 27 March, 2017, the outcomes of the joint activities between the two groups and the next steps which need to be taken, as well as the outcomes of the joint task force on energy were presented. In addition, other topics were discussed, including those related to promoting joint action in education in fragile areas.
The Coordination Group Secretariat, within the Arab Fund, continuously follows up the implementation of the decisions and directives emanating from these meetings through regular communications with the specialized departments within the Group’s institutions.
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 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. The Special Account was established to support small and medium private sector enterprises in Arab countries, by providing loans to Arab governments and intermediary Arab financial institutions. To date, a total of 18 Arab countries subscribed to the capital of this Account, for a total amount of US Dollars 1310.0 million, of which about US Dollars 1267.0 million were paid. The total number of loans provided by the Special Account by the end of December 2017 reached 34, in 12 Arab countries, for a total amount of US Dollars 1201.0 million. The total disbursements of these loans reached about US Dollars 715.8 million.
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
Annual Report 2017 27 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 987.3 million. By the end of December 2017, the total amount of approved financing requests reached about US Dollars 14.5 billion. These requests were submitted through 215 national agencies in all Arab countries (mostly from national and central banks, in addition to some relevant ministries and institutions).
Arab Development Portal During the year 2017, work continued on the development of the Arab Development Portal (ADP). The main thrust of the development effort concentrated on two activities: the first was to replace the search engine used in the portal with a faster and more efficient one, while the second was directed at establishing mechanisms for exchanging information, in an automated manner, between the portal and the various databases maintained by the National Statistical Offices (NSOs), in the various Arab countries. This would allow for the simultaneous update of the ADP database once the NSOs update the information in their databases.
Additionally, on the sidelines of the 80th meeting of the Arab Coordination Group (ACG), which took place in Kuwait during the period 3 – 5 October, 2017, the Arab Fund hosted a workshop for the ADP Focal Team, whose members had been selected by the ACG to monitor the progress of the portal. During the workshop, the ADP development team, presented the latest features that were implemented, and the ones they plan to add in the future. Conversely, members of the Focal Team provided their comments on the portal and their suggestions on how to enrich its content and improve its performance.
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 cooperation 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 developmental aid. In addition, the Arab Fund prepares, on a rotating 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 “The Role of Economic Reforms in Support of Economic Growth in Arab Countries 2000 – 2016”.
28 Annual Report 2017 Arab Spring Development Initiative The Arab Spring Development Initiative (ASDI) was launched, in 2014, as a partnership between the World Bank and the Arab Fund, in order to support the developmental efforts of the Arab countries going through a period of political and economic transitions. ASDI aims at generating new insights for researchers and decision makers, identifying policy options and informing the decision making process through enhanced access to data and knowledge pertaining to the pressing developmental issues in these countries. ASDI is being implemented by the Economic Research Forum (ERF) in close partnership with both the World Bank and the Arab Fund. 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 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. After evaluation of the first phase of ASDI, the Arab Fund, in 2017, provided an additional grant as a contribution to the second phase of ASDI covering the period 2017/2018 – 2019/2020. The published studies and research within this initiative may be accessed through the following internet link: http://erf.org.eg/erf_programs_tax/asdi.
Support to Arab and Regional Institutions The Arab Fund continues to support the activities of Arab and Regional institutions which promote Arab development directly or indirectly, especially in the areas of human resource development. The support aims at increasing their theoretical and applied capabilities, undertaking studies and research, holding seminars and conferences, as well as enhancing the ability of those institutions to carry out their missions. For example, the Arab Fund has provided 54 grants to support the activities and programs of the International Center for Agricultural Research in the Dry Areas (ICARDA), for a total amount of about KD 15.6 million. The Arab Fund has also provided 38 grants to the Economic Research Forum, for a total amount of about KD 6.6 million, in addition to supporting numerous other Arab institutions, such as the Arab Center for Educational Research for the Gulf States, and a number of scientific and research institutions.
Annual Report 2017 29 Box 2 The Arab Development Portal
The Arab Development Portal is an initiative The Portal was launched to the public in the that was launched by the Coordination Group middle of 2016. The number of its users has (CG) of the Arab National and Regional been steadily increasing at an average monthly Development Institutions, the Islamic rate of 18%, and has reached 40 thousand Development Bank and the OPEC Fund. The users at the end of 2017. It is worth noting that members of the CG committed $5 Million for around 70% of the users fall within the 20 – 35 its development, distributed evenly among the years age bracket, and that around 20% of the various member institutions. users are located outside the Arab world.
The Portal aims at establishing an information The twelve topics currently included in the Portal platform to encourage the exchange of high are: education, gender, macro-economy, water quality information, to create development and food security, demography, environment, opportunities and improve the living conditions labor and employment, trade, banking and in the Arab world, thus contributing to its finance, energy, health and poverty. It is economic development. expected that information on science and technology, infrastructure, gender equality, The Portal was developed in three stages. agriculture and irrigation, and financial market During the first stage, a prototype was created. sectors will be added in the near future. It was limited to information on five economic sectors in two Arab countries, in order to gain Development efforts are currently concentrated insight about the operation of the Portal and on implementing a faster and more efficient get feedback from several institutions and search engine, and on strengthening and individuals on how to improve its performance. streamlining the relationship with the various In the second stage, similar data was added Arab National Statistical Offices (NSO’s) in for all other countries, and information on order to ensure that the data in the Portal is four additional sectors was included. The automatically updated every time the NSO’s development of Stage 3 is currently underway. update their information. The objective is to have information on twelve economic sectors in all Arab countries, In order to ensure the continuity of the Portal covering the period 1980-2017. and maintain the high quality of its content, the members of the CG tasked several of The members of the CG partnered with the their staff with reviewing all technical aspects. World Bank and UNDP to develop Stage 1. Additionally, efforts are currently underway to The development of Stage 2 was carried out select the members of the Advisory Board, by a specialized team, whose members were which will provide a clear vision for the future of selected from UNDP staff. That same team the Portal. Its members are, accordingly, being continues with the development of Stage 3. selected from the leading experts in the field.
Website of the Portal http://arabdevelopmentportal.com
30 Annual Report 2017 Fourth: Financial Statements for the Financial Year Ended at 31 December 2017
I. Financial Position Assets: The value of Arab Fund assets increased in 2017 by KD 166 million 5% compared to 2016 reaching KD 3,582 million, this increase was mainly in Investments and Loans as shown in the below schedule:
2017 2016 Variation
Assets KD KD KD % % Million Million Million
Cash & Cash Equivalents 27 1% 66 2% (39)
Investments 571 16% 389 11% 182 Share in the Capital of Related 49 1% 49 2% 0 Institutions Investment in an Associate 78 2% 77 2% 1
Loans 2,830 79% 2,809 82% 21
Others Assets 27 1% 26 1% 1
Total 3,582 100% 3,416 100% 166
5%
Liabilities: The value of Liabilities decreased in 2017 by KD 6.7 million 8% compared to 2016 reaching KD 76.1 million, this decrease was mainly in Other Liabilities as shown in the below schedule:
2017 2016 Variation
Liabilities KD KD KD % % Million Million Million
Grants 27.8 36% 28.0 34% (0.2)
Provision for Pension Fund 14.4 19% 13.4 16% 1.0
Other Liabilities 33.9 45% 41.4 50% (7.5)
Total 76.1 100% 82.8 100% (6.7)
(8)%
Annual Report 2017 31 Members’ Equity: The value of members’ Equity increased in 2017 by KD 173 million 5% compared to 2016 reaching KD 3,506 million, this increase was mainly in Share Capital and Additional Reserve as shown in the below schedule:
2017 2016 Variation
Members’ Equity KD KD KD % % Million Million Million
Share Capital 2,821 80% 2,741 82% 80
General Reserve 280 8% 268 8% 12
Additional Reserve 396 12% 316 10% 80
Other Reserves 9 0% 8 0% 1
Total 3,506 100% 3,333 100% 173
5% II. Income & Expenditures Income: The total Income for the year end amounted to KD 126.7 million compared to KD 82.1 million in 2016, with an increase of 54% equal to KD 44.6 million. This increase was mainly from Investment Gains and Interest Income from loans as shown in the below schedule:
2017 2016 Variation
Income KD KD KD % % Million Million Million
Interest Income from Loans 76.4 60% 64.5 78% 11.9
Net Investment Gain 48.7 39% 17.0 21% 31.7 Income from Arab Trade Finance 1.7 1% 0.6 1% 1.1 Program Other Operating Expenses (0.1) 0% 0.0 0% (0.1)
Total 126.7 100% 82.1 100% 44.6
54%
Expenditures: The total Administrative Expenses for the year end amounted to KD 8.7 million compared to KD 8.5 million in 2016, with an increase of 2% equal to KD 0.2 million. This increase was mainly from Salaries and Other Expenses as shown in the below schedule:
2017 2016 Variation
Expenditures KD KD KD % % Million Million Million
Salaries & Staff Provisions 6.9 80% 6.8 80% 0.1
Other Expenses 1.8 20% 1.7 20% 0.1
Total 8.7 100% 8.5 100% 0.2
2%
32 Annual Report 2017 Net Profit: The net profit for the year end amounted to KD 112.9 million compared to KD 59.2 million in 2016, with an increase of KD 53.7 million 91% as shown in the below schedule:
2017 2016 Variation
Net Profit KD KD KD % % Million Million Million
Net Profit before Provisions 118.0 105% 73.6 124% 44.4
Investments & Loans Provisions (5.1) (5)% (14.4) (24)% 9.3
Net Profit of the Year 112.9 100% 59.2 100% 53.7
91%
III. Cash Flows Shown below is a schedule summarized for the main cash flows:
KD Million Cash Flows 2017 2016
Net change in investments at fair value (128.3) (54.6)
Disbursements of Loans (269.5) (203.9)
Repayments of Loans 235.7 163.6
Disbursements of Grants (6.6) (8.9)
Interest received 75.7 69.3
Capital paid 79.9 80.5
IV. Financial Indicators of Arab Fund Performance
2017 2016 Financial Ratios % %
Net Income/ Assets - ROA 3.2% 1.7%
Net Income/ Members’ Equity - ROE 3.2% 1.8%
Expenditures/ Revenues 6.9% 10.4%
Loans/ Assets 79.0% 82.2%
Loans/ Members’ Equity 80.7% 84.3%
Annual Report 2017 33 Arab Fund for Economic and Social Development Statement of Financial Position As at 31 December 2017 (KD 000)
2017 2016
Assets Cash and cash equivalents 27,285 66,444 Investments 570,649 389,254 Share in the capital of related institutions 49,174 48,789 Investment in an associate 77,443 77,253 Loans 2,830,224 2,808,658 Receivables from participants in the building 5,640 5,985 Other assets 21,305 19,948 Total assets 3,581,720 3,416,331
Liabilities and members’ equity Liabilities Grants 27,771 28,046 Provision for pension fund 14,435 13,379 Other liabilities 33,920 41,391 Total liabilities 76,126 82,816
Members’ equity Share capital 2,820,741 2,740,819 General reserve 279,607 268,319 Additional reserve 395,631 315,908 Grants reserve 5,775 3,424 Change in the fair value reserve 3,840 5,045 Total members’ equity 3,505,594 3,333,515
Total liabilities and members’ equity 3,581,720 3,416,331
34 Annual Report 2017 Arab Fund for Economic and Social Development Statement of Comprehensive Income For the year ended 31 December 2017 (KD 000)
2017 2016
Income
Interest income from loans 76,350 64,472
Net investments gain 48,141 16,457
Interest income from time deposits and call accounts 599 564
Gain from an associate 1,675 656
Net operating expenses (104) (36)
Net income 126,661 82,113
Administrative expenses
Salaries and staff provisions 6,892 6,797
Other expenses 1,773 1,722
Total Administrative Expenses 8,665 8,519
Net Income before provisions 117,996 73,594
Provision for impairment of investment contribution – - (14,156) Private sector
Provision for loans – Private sector (5,116) (259)
Net profit for the year 112,880 59,179
Other comprehensive loss
Net change in fair value of investments available for sale (1,205) (3,328)
Other comprehensive loss for the year (1,205) (3,328)
Total comprehensive income for the year 111,675 55,851
Annual Report 2017 35 Arab Fund for Economic and Social Development Statement of Changes in Members’ Equity For the year ended 31 December 2017 (KD 000)
Change in Share General Additional Grants Retained fair value Total capital Reserve Reserve Reserve Earnings Reserve
Balance as at 1 January 2017 2,740,819 268,319 315,908 3,424 5,045 - 3,333,515
Profit for the year - - - - - 112,880 112,880
Other comprehensive loss for - - - - (1,205) - (1,205) the year
Total comprehensive income - - - - (1,205) 112,880 111,675 for the year
Payment of capital 79,922 - - - - - 79,922
Transfer to amortized loans - - (7,122) - - - (7,122) installments
Transfer to support people of - - (5,918) - - - (5,918) Palestine
Transfer to Arab Academic - - - - - (185) (185) Fellowship
Transfer to grants reserve - - - 5,644 - (5,644) -
Transfer to general reserve - 11,288 - - - (11,288) -
Transfer to additional reserve - - 95,763 - - (95,763) -
Grants approved - - (3,000) (4,232) - - (7,232)
Grants cancelled and - - - 939 - - 939 transferred
As at 31 December 2017 2,820,741 279,607 395,631 5,775 3,840 - 3,505,594
Balance as at 1 January 2016 2,660,326 262,401 288,689 3,898 8,373 - 3,223,687
Profit for the year - - - - - 59,179 59,179
Other comprehensive loss for - - - - (3,328) - (3,328) the year
Total comprehensive income - - - - (3,328) 59,179 55,851 for the year
Payment of capital 80,493 - - - - - 80,493
Transfer to support people of - - (23,001) - - - (23,001) Palestine
Transfer to Arab Academic - - - - - (82) (82) Fellowship
Transfer to grants reserve - - - 2,959 - (2,959) -
Transfer to general reserve - 5,918 - - - (5,918) -
Transfer to additional reserve - - 50,220 - - (50,220) -
Grants approved - - - (3,900) - - (3,900)
Grants cancelled and - - - 467 - - 467 transferred
As at 31 December 2016 2,740,819 268,319 315,908 3,424 5,045 - 3,333,515
36 Annual Report 2017 Arab Fund for Economic and Social Development Statement of Cash Flows For the year ended 31 December 2017 (KD 000)
2017 2016
Operating activities Net Profit for the year 112,880 59,179 Adjustments: Interest income from loans (76,350) (64,472) Gains on investments at fair value through statement of income (55,770) (19,874) Interest income from time deposits and call accounts (599) (564) Share in results from an associate (1,675) (656) Provision for Impairment of investment contribution – Private sector - 14,156 Provision for Loans – Private sector 5,116 259 Provision for pension fund 1,850 1,786 (14,548) (10,186) Changes in operating assets and liabilities Net change in investments at fair value through statement of income (128,306) (54,613) Disbursements of loans (269,537) (203,938) Repayment of loans 235,732 163,558 Disbursements of grants (6,605) (8,877) Receivables from participants in the building 346 346 Other assets (84) (110) Other liabilities (13,537) (11,700) Cash flows used in operations (196,539) (125,520) Interests received 75,676 69,349 Provision for employees’ pension paid (795) (1,210) Net cash flows used in operating activities (121,658) (57,381) Investing activities Net changes in other investments 2,038 (3,350) Dividends received from an associate 539 369 Net cash flows from / (used) in investing activities 2,577 (2,981) Financing activities Capital paid 79,922 80,493 Net cash flows from financing activities 79,922 80,493 Net (decrease) / increase in cash and cash equivalents (39,159) 20,131 Cash and cash equivalents at beginning of the year 66,444 46,313 Cash and cash equivalents at end of the year 27,285 66,444
Annual Report 2017 37 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 held for trading and assets available for sale, 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 investments at fair value through statement of income, loans and receivables, or investments available for sale or as share in the capital of related institutions as deemed 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 atfair 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 objective evidence that a financial asset or group of financial assets may be impaired. All impairment losses are recognized in the statement of comprehensive income.
38 Annual Report 2017 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 equity percentage of the Fund of 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 10% 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. Gains or losses arising from re-translation of non-monetary items measured at fair value are treated in line with the recognition of gains or losses on change in fair value of the item, except for Gains or losses arising from re-translation of available for sale equities 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 fully discounts the cash flows from the expected life of the financial asset or a shorter period where appropriate, to the net carried amount of the financial asset. • Interest and commission 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.
Annual Report 2017 39 ANNEXES ANNEXES
Annual Report 2017 41 Annex 1
Project Sheets for Loans Extended During the Year 2017 Annex 1
Project Sheets for Loans Extended During the Year 2017
Annual Report 2017 43 ANNEX 1 PROJECT 1 OF 13
Republic of Djibouti Completion of the Rehabilitation and Reinforcement of the Drinking Water Distribution Network in Djibouti
Loan No.: 635 Interest Rate: 2.0% Office National de l’Eau Beneficiary: et de l’Assainissement de Grace Period: 7 years Djibouti (ONEAD) Project Cost: KD 23.0 million Maturity: 30 years Amount of 47 semi-annual KD 20.0 million Repayment: Loan: installments Date of Loan 18/04/2017 Agreement: First 7 years following the first disbursement Date of - Installment: Effectiveness:
Objectives: The project aims at covering the current deficit in meeting the demand for drinking water in the city of Djibouti, and facing the future needs of the population until the year 2030, through the completion of the works related to the rehabilitation of the water distribution network to reduce the loss of water, and the reinforcement and expansion of the network to accommodate the additional quantities of water that will be provided to the city by the project of water transfer from Ethiopia and the project of sea water desalination. In addition, the project is expected to increase the number of domestic connections, and lead to the development and improvement of the drinking water services provided by ONEAD, as well as contribute to the preservation of water and the rationalization of its use, and improve the living and health conditions of the residents.
Description: The project, which is expected to be completed by the end of 2021, includes laying main and secondary pipelines in the water distribution network, installing a number of domestic connections, rehabilitating and constructing water tanks, increasing the installed capacity of 2 water pumping stations, and rehabilitating several wells. In addition, the project includes the technical services necessary to prepare the studies and designs, assistance in bid analysis, project supervision and provision of institutional support to ONEAD. The project consists of the following components: 1. Rehabilitation and Reinforcement of the Water Distribution Network: This includes the construction of three water tanks with capacities ranging between about 1200 and 5000 m3, the rehabilitation of 2 existing water tanks, each with a capacity of about 1500 m3, the replacement and laying of main and secondary pipelines with a total length of about 200 km and diameters ranging between 63 and 700 mm, and the replacement of about 30 thousand existing domestic connections. The works also include an increase in the installed capacity of the water pumping station in Balbala by about 400 m3/hour, and that of the pumping station in Ambouli by about 900 m3/ hour, in addition to the construction of a workshop for the maintenance of pumps and the repair of water meters, the construction of a laboratory to control water quality, and the acquisition of the necessary equipment for the operation and maintenance of the project.
44 Annual Report 2017 ANNEX 1 PROJECT 1 OF 13 CONTD.
2. Expansion of the Water Distribution Network: This includes laying about 50 km of pipelines with diameters ranging between 63 and 90 mm, and installing about 15 thousand new domestic connections. 3. Technical Services: This includes the consultancy services necessary to prepare the project studies, designs and tender documents, assistance in tender evaluation and bid analysis, project supervision, as well as conducting any additional studies necessary for the achievement of the project’s objectives. 4. Institutional Support: This includes the use of the services of consultancy firms and experts to develop ONEAD’s administrative and financial systems, and improve its performance, in addition to the acquisition of the necessary equipment and information systems, and the training of employees on the management of project implementation, operation and maintenance.
Financing: The Arab Fund’s loan covers about 87% of the total project cost. The Government of Djibouti will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2017 45 ANNEX 1 PROJECT 2 OF 13
Arab Republic of Egypt Construction of a 50 Megawatt Photovoltaic Power Station in the City of Kom Ombo
Loan No.: 638 Interest Rate: 2.5% New & Renewable Beneficiary: Grace Period: 4 years Energy Authority Project Cost: KD 34.5 million Maturity: 30 years Amount of 53 semi-annual KD 26.0 million Repayment: Loan: installments Date of Loan 18/04/2017 Agreement: First 4 years following the first disbursement Date of - Installment: Effectiveness:
Objectives: The project aims at satisfying the increasing demand for electricity in the Arab Republic of Egypt by constructing a 50 Megawatt Peak (MWp) photovoltaic (PV) power station near the city of Kom Ombo in the governorate of Aswan, which benefits from a high level of annual global horizontal irradiation in the project’s location.
Description: The project, which is expected to be completed by the end of 2019, comprises the procurement and installation of a photovoltaic power station and its interconnection with the unified power grid, including civil works, technical services and supervision of project execution, in addition to institutional support. The project includes the following main components: 1. Generation Station Equipment and Devices: This includes design, manufacture, procurement, and installation of photovoltaic cell modules, inverters, transformers, protection and control systems, spare parts and all accessories. 2. Civil Works: This includes the execution of all station civil works. 3. Interconnection with the Unified Power Grid: This comprises the procurement and installation of power line towers, overhead lines, circuit breakers and accessories, and transformers to interconnect the solar PV station to the unified power grid, along with related civil works. 4. Technical and Consulting Services: This includes technical services needed to design the project, preparation of tender documents, bid analysis, assistance in contracting procedures and execution supervision. 5. Institutional Support: This includes development and update of the New & Renewable Energy Authority’s administrative, financial, and information systems and training of its staff.
Financing: The Arab Fund’s loan covers about 75% of the total project cost. The Egyptian Government will cover the remaining cost of the project and any additional cost that may arise.
46 Annual Report 2017 ANNEX 1 PROJECT 3 OF 13
Republic of Tunisia Construction of Bridges on Classified Roads
Loan No.: 640 Interest Rate: 2.5% Ministry of Equipment, Beneficiary: Housing and Spatial Grace Period: 5 years Planning Project Cost: KD 27.9 million Maturity: 30 years Amount of 51 semi-annual KD 20.0 million Repayment: Loan: installments Date of Loan 18/04/2017 Agreement: First 5 years following the first disbursement Date of 26/10/2017 Installment: Effectiveness:
Objectives: The project aims at improving land transportation services and traffic safety on roads in the Republic of Tunisia. This will be achieved through the construction of a number of bridges on classified roads in most governorates. The project will lead to enhancement of the classified road network efficiency, alleviation of traffic bottlenecks, and improvement of traffic circulation.
Description: The project, which is expected to be completed by the end of the second quarter of 2020, includes the construction and reconstruction of 32 bridges on classified roads in 20 out of the 24 Tunisian governorates. Among these bridges, 30 existing bridges will be demolished and reconstructed due to their inefficiency, and 2 new bridges will be constructed. The project comprises the following components: 1. Execution of Works: This includes the execution of all works related to the construction and reconstruction of 32 bridges, which have a total length of about 6 km, and widths ranging between about 11 m and 15 m. The works include earthworks, foundations, reinforced concrete structures, retaining walls, side fences, bridge entrances and asphalt works, in addition to traffic safety works. 2. Relocation of Utility Networks: This includes the relocation of utility networks, which include water supply and drainage, and electricity networks. 3. Land Acquisition: This includes the acquisition of land required for the project execution. 4. Consultancy Services: This includes the provision of required consultancy services for the preparation of project studies, designs, and tender documents, in addition to construction supervision and quality control of the works.
Financing: The Arab Fund’s loan covers about 72% of the total project cost. The Tunisian Government will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2017 47 ANNEX 1 PROJECT 4 OF 13
Islamic Republic of Mauritania Rehabilitation of the Guelb (1) Plant
Loan No.: 641 Interest Rate: 2.0% Société Nationale Beneficiary: Industrielle et Minière Grace Period: 6 years (SNIM) Project Cost: KD 35.5 million Maturity: 30 years Amount of 49 semi-annual KD 32.0 million Repayment: Loan: installments Date of Loan 18/04/2017 Agreement: First 6 years following the first disbursement Date of - Installment: Effectiveness:
Objectives: The project aims at extending the operating life of the Guelb (1) plant and improving the ability of the SNIM company to compete in international markets, through the replacement of the aging equipment used for crushing and grinding iron ore with newer, more efficient and less polluting equipment. This will lead to an improvement in the reliability of the plant and a reduction in its production cost. Description: The project, which is expected to be completed during the second quarter of 2020, includes the supply and installation of equipment used for crushing and grinding iron ore, conveyor belts and mechanical cranes necessary to move the iron ore between the various treatment stages, the construction of an electrical substation and the laying of electrical cables to feed the new equipment. The project also includes the supply of a plant control system, and all required civil works and structures, along with the consultancy services necessary for the preparation of detailed designs of equipment and technical supervision. The project consists of the following main components: 1. Rehabilitation of the Plant: This comprises the supply and installation of equipment for secondary crushing of iron ore, along with all its ancillary equipment, including that used for the extraction and treatment of dust, the supply and installation of conveyor belts and associated pipes, the construction of a new 11 kV substation, the laying of electrical cables to supply the new equipment with electricity, the design, supply and operation of a plant control system, along with all necessary civil works and structures to house the new equipment. 2. Rehabilitation of Diesel Generating Units: This includes the rehabilitation of two diesel generating units located in the Guelb power plant. 3. Studies: This includes the preparation of detailed designs for the equipment that will be supplied, and the development of a procedure for replacing the old equipment with a new one, while keeping disruption of production to a minimum. 4. Technical Supervision: This includes technical supervision of the works included in the project, and participation in witness testing for the equipment and the control system. Financing: The Arab Fund’s loan covers about 90% of the total project cost. SNIM will cover the remaining cost of the project and any additional cost that may arise.
48 Annual Report 2017 ANNEX 1 PROJECT 5 OF 13
Hashemite Kingdom of Jordan Irbid Ring Road (Phase I)
Loan No.: 642 Interest Rate: 2.5% Ministry of Public Beneficiary: Grace Period: 7 years Works and Housing Project Cost: KD 49.6 million Maturity: 30 years Amount of 47 semi-annual KD 15.0 million Repayment: Loan: installments Date of Loan 18/04/2017 Agreement: First 7 years following the first disbursement Date of 16/07/2017 Installment: Effectiveness:
Objectives: The project aims at improving land transportation services on the road network in Irbid greater city and the surrounding areas .The project also aims at accommodating and diverting part of the increasing traffic within the city of Irbid and the traffic transiting through it, in addition to reducing traffic congestion and accidents.
Description: The project, which is expected to be completed by the end of 2020, constitutes the first phase of the Irbid ring road, and includes the parts located on the west side of the city of Irbid, with a total length of about 29 km. The project consists of the following main components: 1. Road Construction: This comprises the civil works related to the construction of the road, including earthworks, pavement layers, interchanges, bridges and tunnels at the intersections with the secondary roads, in addition to services networks, road lighting, and all necessary complementary works. The first phase of the project consists of two sections, as follows: a. First Section: This includes the part extending from the intersection of Um al Jadayil road in the North to the intersection of Al-Husun road in the South, with a length of about 17.6 km. b. Second Section: This section consists of two parts with a total length of about 11.5 km. The first part, with a total length of about 5.9 km, connects Um Qais road to the starting point of the first section at the intersection of Um al Jadayil road. The second part, with a total length of about 5.6 km, connects the end of the first section to the intersection of Amman road. 2. Consultancy Services: This includes the consultancy services required for the project studies, design and tender documents, in addition to the project management and the supervision of the works.
Financing: The Arab Fund’s loan covers about 30% of the total project cost. The Abu Dhabi Fund for Development contributed to the financing of the project with a grant equivalent to about KD20 million (41%). The Jordanian Government will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2017 49 ANNEX 1 PROJECT 6 OF 13
Republic of Sudan Construction of El Bagair Power Generating Station
Loan No.: 643 Interest Rate: 2.0 % Sudanese Thermal Beneficiary: Power Generating Grace Period: 7 years Company (STPG) Project Cost: KD 66.5 million Maturity: 30 years Amount of 47 semi-annual KD 52.0 million Repayment: Loan: installments Date of Loan 18/04/2017 Agreement: First 7 years following the first disbursement Date of 01/08/2017 Installment: Effectiveness:
Objectives: The project aims at reducing the existing and growing gap in satisfying the demand for electric power and energy on the Sudanese grid, through the construction of El Bagair power generating station south of Khartoum. The station will initially operate on crude oil as its primary fuel, then run on natural gas following the construction of a pipeline to supply the city of Khartoum with natural gas imported via Portsudan. Description: The project, which is expected to be completed by the end of 2019, includes the construction of a 350 MW simple cycle power generating station, along with all necessary civil, mechanical and electrical works. The project also includes the construction of a 15/220/500 kV substation to connect the station to the electrical transmission network, along with the required technical services. The project includes the following main components: 1. Civil Works: This includes the construction of the equipment foundations, the necessary buildings and an internal road network. 2. Two Gas Units: This includes the supply and installation of two gas turbines, each rated at 175 MW, two 15 kV generators, each rated at 200 MVA, along with all their accessories and associated mechanical and electrical works. 3. Two Substations and Interconnection to the Grid: This includes the construction of a 600 MVA substation from 15 kV to 220 kV then 500 kV, in order to connect the generating station with the Soba and Giad 220 kV substations, and prepare for the future interconnection of the generating station with the Jabal Awlia and Kabashi 500 kV substations, along with all busbars, transformers, circuit breakers, measurement, protection and control equipment for both substations. 4. Technical Services: This includes consultancy services required for bid analysis, assistance to STPG in drawing up the contracts, project supervision, equipment testing and preliminary acceptance.
Financing: The Arab Fund’s loan covers about 78% of the total project cost. The Sudanese Government will cover the remaining cost of the project and any additional cost that may arise.
50 Annual Report 2017 ANNEX 1 PROJECT 7 OF 13
Islamic Republic of Mauritania Water Supply to the Cities of Laayoune and Djiguenni, and Neighboring Villages
Loan No.: 644 Interest Rate: 2.0% Société Nationale de Beneficiary: Grace Period: 7 years l’Eau (SNDE) Project Cost: KD 16.7 million Maturity: 30 years Amount of 47 semi-annual KD 15.0 million Repayment: Loan: installments Date of Loan 10/07/2017 Agreement: First 7 years following the first disbursement Date of - Installment: Effectiveness:
Objectives: The project aims at facing the current shortfall in the supply of drinking water to the cities of Laayoune and Djiguenni, and meeting their future water needs, as well as providing drinking water to about 14 neighboring villages, which will contribute to a reduction of the spread of diseases caused by consumption of contaminated water by the population, and an improvement of their living and health conditions. This will be achieved through the transport and distribution of water provided to the city of Timbedra through the “Water Supply to Eastern Cities and Villages from Dhar Basin Project”, which is about to be completed. Description: The project, which is expected to be completed by the end of the first quarter of 2021, includes the construction of a number of pumping stations and reservoirs, the laying of pipelines, and the installation of a number of public taps and house connections. The project also includes the provision of technical services required for the review of studies and the preparation of tender documents, the supervision of project implementation, and the provision of institutional support to SNDE. The project comprises the following components: 1. Water Transport and Distribution Facilities: This includes the laying of pipelines to transport water, with a total length of about 260 km and diameters ranging between 150 and 400 mm, the construction of 3 ground and elevated reservoirs with capacities ranging between about 250 and 1500 m3, and the construction of 2 water pumping stations, the first with a capacity of about 200 m3/hour and the second with a capacity of about 50 m3/ hour. The pumping stations’ works include all civil, hydro mechanical and electrical works, supply and installation of generators, transformers, power transmission lines, as well as required equipment and supplies for monitoring and operation. This component also includes the laying of pipelines to rehabilitate and expand the distribution networks in the cities of Laayoune and Djiguenni, and provide neighboring villages with drinking water, with a total length of about 76 km and diameters ranging between 63 and 400 mm, and the construction of 6 elevated reservoirs each with a capacity of about 25 m3, in addition to the installation of a number of public taps and house connections. 2. Technical Services: This includes the review and update of project studies, the preparation of detailed designs and tender documents, and assistance in the tendering and evaluating process, as well as the supervision of project implementation. 3. Institutional Support: This includes the acquisition of some equipment required for the construction management and operation of the project. It also includes the provision of systems and programs required for the enhancement of the performance of SNDE and the training of its employees. Financing: The Arab Fund’s loan covers about 90% of the total project cost. The Government of Mauritania will cover the remaining cost of the project and any additional cost that may arise. Annual Report 2017 51 ANNEX 1 PROJECT 8 OF 13
Islamic Republic of Mauritania Electrical Interconnection Between Nouakchott and Zouerate on 225 kV
Loan No.: 645 Interest Rate: 2.0% Société Mauritanienne Beneficiary: Grace Period: 7 years d’Electricité (SOMELEC) Project Cost: KD 88.7 million Maturity: 30 years Amount of 47 semi-annual KD 42.0 million Repayment: Loan: installments Date of Loan 10/07/2017 Agreement: First 7 years following the first disbursement Date of - Installment: Effectiveness:
Objectives: The project aims at providing secure and low cost energy to the northern region of the Islamic Republic of Mauritania, which has an abundance of minerals, and strengthening the transmission grid in it, through the construction of a 225 kV line interconnecting Nouakchott and Zouerate. Description: The project, which is expected to be completed by the end of 2020, includes the construction of 225 kV and 33 kV overhead lines from the city of Nouakchott to the city of Zouerate, passing through the cities of Akjoujt and Attar. The project also includes the expansion of an existing 225 kV substation in Nouakchott, the construction of new 225 kV substations in Akjoujt, Attar and Zouerate, and their connection to the existing corresponding substations in these cities, along with the provision of consultancy services required for the completion of the detailed designs and project supervision. The project consists of the following main components: 1. Transmission Lines: a. 225 kV Transmission Line: This includes the construction of a 670 km double circuit transmission line from the substation connected to the northern power plant in Nouakchott to the city of Zouerate, passing through the cities of Akjoujt and Attar. b. 33 kV Transmission Line: This includes the construction of a 33 km double circuit transmission line from the new 225/33 kV Attar substation to the existing Attar substation. 2. Substations: a. Expansion of the Substation Attached to the Northern Power Plant: This includes the addition of two 225 kV circuit breakers in the substation attached to the northern power plant, with all necessary measurement, protection and control equipment. b. Construction of New Substations: This includes the construction of three 225 kV substations in the cities of Akjoujt, Attar and Zouerate, and their connection to the existing corresponding substations in these cities. 3. Consultancy Services: This includes the consultancy services required for the completion of the detailed designs and project supervision. Financing: The Arab Fund’s loan covers about 47% of the total project cost. It is expected that the Saudi Fund for Development and the Abu Dhabi Fund for Development will contribute to the financing of the project with loans equivalent to about KD 30.3 million (about 34%) and KD 15 million (about 17%), respectively. The Mauritanian government will cover the remaining cost of the project and any additional cost that may arise.
52 Annual Report 2017 ANNEX 1 PROJECT 9 OF 13
Republic of Tunisia Tunis – Jelma Motorway
Loan No.: 647 Interest Rate: 2.5% Ministry of Equipment, Beneficiary: Housing and Spatial Grace Period: 5 years Planning Project Cost: KD 177.2 million Maturity: 30 years Amount of 51 semi-annual KD 50.0 million Repayment: Loan: installments Date of Loan 11/07/2017 Agreement: First 5 years following the first disbursement Date of - Installment: Effectiveness:
Objectives: The project aims at improving land transportation services on the road network in Tunisia, accommodating the rapidly growing road traffic, reducing traffic accidents, and contributing to the economic and social development of the country’s interior governorates, through the construction of the Tunis – Jelma motorway, which constitutes an important part of the Tunis – Kairouan – Sidi Bouzid – Kasserine and Gafsa motorway. Description: The project, which is expected to be completed by end of 2021, consists of the construction of the Tunis – Jelma motorway, which has a length of about 186 km and consists of 4 lanes, 2 in each direction, with a width of 7 m, a median dividing the two directions with a width ranging between 7 and 12 m, and outer shoulders on both sides of the road with a width of 3 m on each side. The project also consists of the rehabilitation of a connection of about 16 km to link the motorway with the city of El Fahs in the governorate of Zaghouan. The project comprises the following main components: 1. Road Construction Works: This includes the execution of the necessary civil works related to the construction of the motorway and the rehabilitation of the connection to the city of El Fahs, drainage works, construction works for interchanges, large bridges over valleys, other over-passes and under-passes, culverts, construction of rest areas and toll stations, in addition to works related to traffic safety, landscaping, and others. 2. Relocation of Utility Networks: This includes the relocation of the water, electricity and telephone networks, and others. 3. Equipment and Devices: This includes the procurement and installation of equipment and devices related to the toll stations on the motorway. 4. Consultancy Services: This includes the provision of the consultancy services required to assist the ministry in the supervision of the execution of the project and the technical control of the works. Financing: The Arab Fund’s loan covers about 28% of the total project cost. The European Investment Bank contributes to the financing of the project with a loan equivalent to about KD 85.7 million (about 48%). The Tunisian government will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2017 53 ANNEX 1 PROJECT 10 OF 13
Hashemite Kingdom of Jordan As Salt Ring Road
Loan No.: 648 Interest Rate: 2.5% Ministry of Public Beneficiary: Grace Period: 7 years Works and Housing Project Cost: KD 37.8 million Maturity: 30 years Amount of 47 semi-annual KD 14.0 million Repayment: Loan: installments Date of Loan 11/07/2017 Agreement: First 7 years following the first disbursement Date of 24/08/2017 Installment: Effectiveness:
Objectives: The project aims at improving land transportation services on the main road network in the city of As Salt and the surrounding areas. The project also aims at accommodating and diverting part of the increasing traffic within the city center and the traffic transiting through it, in addition to reducing traffic congestion and accidents.
Description: The project, which is expected to be completed by the end of 2020, consists of the construction of a ring road around the city of As Salt with a total length of about 22 km. The project comprises the following main components: 1. Road Construction: This consists of the civil works related to the construction of the road, including earthworks, laying of foundations, pavement layers, structural construction works for interchanges, necessary bridges and tunnels at the intersections with secondary roads, in addition to the service and lighting networks, and all necessary complementary works. The project execution has been divided into three sections, as follows: a. Western Section: This includes the execution of the part located west of As Salt, which extends from its intersection with the existing road As Salt – Amman in the north to its intersection with the road leading to Balqa Applied University in the south, with a total length of about 8 km. b. Southern Section: This includes the execution of the part located south of As Salt, which begins at the end of the western section and ends after the meeting point between the ring road and Wadi Shuai’b road, with a total length of about 6 km. c. Eastern Section: This includes the execution of the part located east of As Salt, which links the end of the southern section with the existing road As Salt – Amman, with a total length of about 8 km. 2. Consultancy Services: This includes the provision of the consultancy services required for the project studies, designs and bid documents, in addition to the supervision of the works.
Financing: The Arab Fund’s loan covers about 37% of the total project cost. The Abu Dhabi Fund for Development contributed to the financing of the project with a grant equivalent to about KD 8.5 million (about 23%). The Jordanian government will cover the remaining cost of the project and any additional cost that may arise.
54 Annual Report 2017 ANNEX 1 PROJECT 11 OF 13
Sultanate of Oman Development of Part of Road 32 in the Special Economic Zone of Duqm
Loan No.: 646 Interest Rate: 2.5% Special Economic Beneficiary: Grace Period: 5 years Zone Authority Duqm Project Cost: KD 116.0 million Maturity: 30 years Amount of 51 semi-annual KD 52.0 million Repayment: Loan: installments Date of Loan 12/07/2017 Agreement: First 5 years following the first disbursement Date of 03/10/2017 Installment: Effectiveness:
Objectives: The project aims at improving and developing land transportation services within the boundaries of the special economic zone of Duqm, and accommodating increasing traffic which will result from connecting the main projects in this 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 and the other governorates of the Sultanate. The project will contribute to the movement of goods between future investment projects in the zone and the other parts of the Sultanate.
Description: The project, which is expected to be completed by the end of 2021, 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, was divided into two phases. The first phase consists of the construction of the southern part of the road, which has a length of about 16.2 km, a width of about 120 m, and three-lane dual carriageways, with a total width of about 11.2 m each way, separated by a median with shoulders on both sides, 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 phase consists of the construction of several concrete bridges over Wadi Dungart, and both Wadi Say and Wadi Al Jarf. The second phase consists of the construction of the northern part of the road, which has a length of about 13.8 km, and is planned to have the same specifications and dimensions as the southern part of the road. This phase is expected to be executed over the period 2018 – 2021. The project consists of the following main components:
1. Civil Works: This includes preparatory works, removal of the existing road, earthworks, asphalt paving, structural bridges works, and complementary works necessary for the road, such as road embankment, water drainage facilities, road lighting, traffic safety, landscaping, ground services and channel ducts for future services.
Annual Report 2017 55 ANNEX 1 PROJECT 11 OF 13 CONTD.
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 Arab Fund’s loan covers about 45% of the total project cost. The Omani government will cover the remaining cost of the project and any additional cost that may arise.
56 Annual Report 2017 ANNEX 1 PROJECT 12 OF 13
Sultanate of Oman Reinforcement of Desalinated Water Transmission Lines in Ash Sharqiyah Governorates
Loan No.: 649 Interest Rate: 2.5% Public Authority for Beneficiary: Grace Period: 6 years Electricity and Water Project Cost: KD 167.0 million Maturity: 30 years Amount of 49 semi-annual KD 60.0 million Repayment: Loan: installments Date of Loan 23/11/2017 Agreement: First 6 years following the first disbursement Date of - Installment: Effectiveness:
Objectives: The project aims at reducing the current drinking water deficit, and meeting the increasing future water needs in North and South Ash Sharqiyah governorates. This will be achieved through the laying of transmission lines to transfer desalinated water, available from the recently expanded Al Sur plant, and from the Al Ashkhara plant, which is expected to be completed in the year 2020, to provide all states in both Ash Sharqiyah governorates with drinking water up to the year 2040.
Description: The project, which is expected to be completed in the second quarter of 2022, consists of the laying of pipelines, the construction of water reservoirs, the increase of the capacity of a number of existing water pumping stations and the construction of new stations, including the works required to provide these stations with electricity, as well as all civil, hydro mechanical and electrical works, and the establishment of the necessary monitoring and control systems in the project facilities and their operation. The project also consists of the required technical services to prepare the studies, designs and tender documents, and works supervision. The project consists of the following components:
1. Water Transmission Facilities from Al Ashkhara to Al Qabil: This includes the laying of a main pipeline with a length of about 145 km and diameters ranging between 1000 and 1400 mm, and secondary pipelines with a total length of about 5.5 km and a diameter of about 600 mm, as well as the increasing of the capacity of the existing Al Kamil water pumping station to about 1070 m3/hour and the construction of 8 new water pumping stations with capacities ranging between about 840 m3/hour and 3580 m3/hour each. This also includes the construction of 4 reservoirs with capacities ranging between 10000 m3 and 80000 m3 each, and the provision and installation of the necessary equipment and supplies for the protection and operation of the transmission lines, and the control of the pumping stations.
2. Water Transmission Facilities from Al Qabil to Al Mudhaibi: This includes the laying of main and secondary pipelines with a total length of about 90 km and diameters ranging between 300 and 1000 mm, and the construction of 2 reservoirs, each with a capacity of about 40000 m3.
Annual Report 2017 57 ANNEX 1 PROJECT 12 OF 13 CONTD.
3. Water Transmission Network in Al Mudhaibi: This includes the laying of main and secondary pipelines with a total length of about 92 km and diameters ranging between 300 and 800 mm, and the construction of 12 reservoirs with capacities ranging between about 1000 m3 and 28000 m3 each, in addition to the establishment of a monitoring and control system in the water transmission network.
4. Technical Services: This includes the required consultancy services to prepare the studies, designs and tender documents for the project, and the supervision of the works.
Financing: The Arab Fund’s loan covers about 36% of the total project cost. The Omani Government will cover the remaining cost of the project and any additional cost that may arise.
58 Annual Report 2017 ANNEX 1 PROJECT 13 OF 13
Arab Republic of Egypt Development of the Electric Transmission Grid
Loan No.: 651 Interest Rate: 2.5% Egyptian Electricity Beneficiary: Grace Period: 4 years Transmission Company Project Cost: KD 88.5 million Maturity: 30 years Amount of 53 semi-annual KD 60.0 million Repayment: Loan: installments Date of Loan 23/11/2017 Agreement: First 4 years following the first disbursement Date of - Installment: Effectiveness:
Objectives: The project aims at satisfying the demand for electricity in areas with high electric loads, by developing and expanding the electric power transmission grid. This will be accomplished by constructing substations operating on 500 kV, 220 kV, 66 kV, 22 kV and 11 kV, and constructing aerial lines and laying down underground cables to connect the new substations to the power grid.
Description: The project, which is expected to be completed by the end of the last quarter of 2019, includes the construction of new substations, and the procurement and installation of circuit breakers, bus bars, transformers, and measurement, protection and control systems, as well as aerial lines, underground cables, and carrying out all supplementary works, in addition to consulting and technical services. The project consists of the following components: 1. Substations: a. Alhawamdiya 500: This includes the construction and installation of a gas-insulated substation operating on 500 kV, 220 kV, 66 kV, and 11 kV, including circuit breakers, capacitors, transformers and accessories. b. Al Iktisadiya 500 (Elain Alsokhna): This includes the construction and installation of a gas-insulated substation operating on 500 kV, 220 kV, 66 kV and 22 kV, including circuit breakers, transformers and accessories. c. West Damietta 500: This includes the construction and installation of a gas-insulated substation operating on 500 kV and 220 kV, including circuit breakers, transformers and accessories. 2. Aerial Lines and Underground Cables: This includes modifying existing lines and procurement and installation of 500 kV, 220 kV, 66 kV and 11 kV aerial lines and underground cables. 3. Consulting and Technical Services: This includes the consulting and technical services necessary to review the design and specifications of substations, tender documents, and to supervise project execution.
Financing: The Arab Fund’s loan covers about 68% of the total project cost. The Egyptian Government will cover the remaining cost of the project and any additional cost that may arise.
Annual Report 2017 59 ANNEX 2 PAGE 1 OF 2
Capital, Resources and Status of Loans and Grants 1972 - 2017
(KD Million)
Total Administrative Surplus Years Capital Income Signed Loans Resources Expenses Income
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 1975 52.0 57.4 3.7 0.9 2.8 56.1 1976 99.6 108.5 5.9 1.5 4.4 98.2 1977 131.9 145.7 10.3 2.1 8.2 103.9 1978 164.9 186.2 11.3 2.2 9.1 - 1979 202.7 225.8 14.7 2.0 12.7 19.4 1980 260.7 313.2 22.1 2.2 19.9 30.2 1981 317.5 393.3 26.8 2.1 24.7 40.5 1982 374.2 482.9 36.7 2.4 34.3 67.3 1983 450.1 598.4 40.2 3.2 37.0 91.1 1984 520.5 680.4 40.2 2.9 37.3 85.6 1985 581.1 797.4 61.0 3.2 57.8 53.2 1986 642.2 960.5 113.8 3.2 110.6 104.5 1987 644.2 1,009.3 53.9 3.2 50.7 65.4 1988 644.3 1,062.0 80.0 2.9 77.1 112.9 1989 663.0 1,176.2 103.7 3.0 100.7 165.8 1990 663.0 1,236.7 68.9 3.2 65.7 195.0 1991 663.0 1,245.2 74.4 3.7 64.9 171.4 1992 663.0 1,344.4 116.7 3.2 104.7 175.7 1993 663.0 1,424.9 99.5 3.1 85.0 184.5 1994 663.0 1,421.5 2.8 3.3 - 0.4 194.4 1995 663.0 1,495.3 117.2 3.4 80.6 207.5 1996 663.0 1,584.8 98.5 4.0 94.4 266.4 1997 663.0 1,675.0 105.4 4.1 96.1 244.1 1998 663.0 1,747.8 83.8 4.7 77.9 258.0 1999 663.0 1,828.7 95.3 4.7 86.6 266.0 2000 663.0 1,933.2 81.4 4.7 76.7 279.5 2001 663.0 1,983.9 53.6 4.9 48.7 285.0 2002 663.0 2,054.4 34.2 4.9 78.6 293.5 2003 663.0 2,169.8 129.2 4.9 122.4 308.5 2004 663.0 2,266.0 119.3 5.2 113.2 309.0 2005 663.0 2,354.5 108.4 5.9 102.6 335.0 2006 663.0 2,451.1 126.5 6.6 119.6 345.0 2007 663.0 2,535.0 117.3 6.0 111.2 368.0 2008 2000.0 2,513.4 6.0 6.7 - 0.9 366.8 2009 2000.0 2,617.5 123.2 7.3 115.8 334.1 2010 2000.0 2,669.7 95.4 6.9 89.3 360.5 2011 2000.0 2,717.2 76.2 7.4 68.8 340.0 2012 2,000.0 2,808.6 112.0 8.4 103.6 379.0 2013 2,500.0 2,824.8 87.1 8.1 33.5 388.0 2014 2,554.9 3,051.8 92.8 8.3 84.4 412.5 2015 2,660.3 3,223.7 96.5 8.5 77.5 426.0 2016 2,740.8 3,333.5 82.1 8.5 59.2 445.0 2017 2,820.7 3,505.6 126.7 8.7 112.9 458.0 Total - - 3,159.2 197.9 2,862.9 9,727.7
60 Annual Report 2017 ANNEX 2 PAGE 2 OF 2
Capital, Resources and Status of Loans and Grants 1972 - 2017
(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 4 4.9 37.0 2.1 0.3 0.2 21 6 30 9 3.4 25.5 3.4 0.7 0.2 21 8 32 13 3.1 36.1 6.0 1.3 0.2 22 11 29 26 2.6 26.8 9.5 1.3 0.7 22 9 21 29 3.1 30.2 11.9 1.5 0.6 22 12 32 21 4.1 29.9 10.8 1.3 0.7 22 11 37 17 3.1 44.5 12.6 1.4 1.2 22 11 44 20 5.2 57.3 26.2 3.3 1.0 22 10 50 11 5.9 48.4 25.5 3.8 2.2 22 7 50 20 5.6 45.5 26.0 5.1 2.7 22 9 50 15 11.1 84.0 31.1 3.8 4.8 22 8 50 18 10.8 40.6 26.8 4.7 3.4 21 8 52 11 15.6 85.7 46.6 3.3 4.2 21 8 45 13 13.5 103.1 44.7 3.4 3.2 21 8 46 12 15.4 116.5 40.5 5.9 3.2 21 6 43 16 12.2 115.7 40.1 3.5 4.1 21 9 45 12 17.3 174.8 42.4 5.8 3.9 21 7 46 18 14.8 212.7 46.9 2.9 3.5 21 9 61 22 11.1 178.5 50.0 4.9 3.0 21 9 66 18 14.3 165.6 53.1 3.9 3.9 21 10 65 15 17.7 173.2 51.9 6.3 4.5 21 12 68 15 18.6 228.8 119.5 13.0 5.8 21 10 69 15 19.0 182.8 93.9 5.0 5.2 21 11 69 15 19.6 161.2 90.6 4.1 4.5 21 10 71 16 19.3 199.7 122.5 7.0 5.9 21 10 68 18 17.2 250.3 101.0 5.1 6.1 21 9 67 19 17.6 282.2 155.1 4.5 6.2 21 11 69 18 19.2 281.5 306.3 13.9 7.8 21 9 68 16 23.0 274.5 136.5 11.3 6.5 21 8 67 16 22.9 284.7 129.5 10.5 6.9 21 6 68 18 18.6 249.3 186.9 7.5 8.0 21 8 69 14 25.7 291.7 167.2 9.6 7.0 21 8 69 12 28.3 233.0 157.3 13.4 6.5 21 6 65 13 29.2 235.0 165.3 7.5 8.4 21 9 66 18 21.6 251.5 158.4 7.4 10.1 21 8 67 15 27.5 257.8 159.1 13.1 8.0 22 8 71 15 28.4 195.4 181.1 7.2 7.6 22 8 72 9 49.4 203.9 163.6 3.9 8.9 22 6 76 13 35.2 269.5 242.9 7.2 6.6 22 7 77 663 14.7 6,283.3 3,444.9 222.2 178.1 - - - * Based on the date of signature of the loan agreement. Annual Report 2017 61
2017
2010
2005 2000
2010 2005 2000 1995 1990 1985 1980 1975 1972 2017
0
1995
500
1000
(KD Million) (KD 1990 1500
2000
1985 2500
During the Period 1972 - 2017 the Period During
Growth in Arab Fund Resources in Arab Fund Growth
3000
3500
1980
Capital
Reserves 4000
1975
Reserves Capital Million) (KD
During the Period 1972 - 2017 - 1972 Period the During
Growth in Arab Fund Resources Fund Arab in Growth 1972 0 Annual Report 2017 Report Annual 500 3500 3000 2500 2000 1500 1000 4000 62
62 Annual Report 2017 Loans, Disbursements, Repayments and Debt Owed to the Arab Fund During the Period 1974 - 2017 (KD Million)
3500
3000
2500
2000
1500 Million KD
1000
500
0 1974 - 1979 1980 - 1984 1985 - 1989 1990 - 1994 1995 - 1999 2000 - 2004 2005 - 2009 2010 - 2017
Loans Disbursements Repayments Debt Owed to the Arab Fund
Cumulative Loans, Disbursements, Repayments and Debt Owed to the Arab Fund During the Period 1974 - 2017 (KD Million)
12000
10000
8000
6000 Million KD
4000
x x 2000 x x x x x x 0 x 1974 1980 1985 1990 1995 2000 2005 2010 2017
Loans Disbursements Repayments x Debt Owed to the Arab Fund
Annual Report 2017 63 ANNEX 3
Summary of Loans Extended to Member States 1974 - 2017 (KD Million)
Effective No. of Loans Amount of Loans Loans and Disbursements
Beneficiary States Net Net Loans Effective Loans Effective Approved Approved Cancelled % Disbursements to % Net Loans Disbursements
Hashemite Kingdom 1 50 49 618.6 43.0 575.6 6.5 575.6 505.8 87.9 of Jordan
2 Republic of Tunisia 57 57 935.8 55.8 879.9 10.0 829.9 609.6 73.5
Algerian Democratic 3 26 25 395.3 112.5 282.8 3.2 282.8 282.8 100.0 and People’s Republic
4 Republic of Sudan 42 41 836.8 13.0 823.8 9.3 763.8 519.9 68.1
5 Republic of Iraq 10 9 59.7 10.6 49.1 0.6 36.4 19.6 53.7
6 Syrian Arab Republic 51 50 697.0 39.5 657.5 7.4 597.5 467.1 78.2
7 State of Libya 9 8 175.7 33.2 142.5 1.6 142.5 132.9 93.2
Arab Republic of 8 61 59 1,526.7 149.9 1.376.8 15.6 1,290.8 957.2 74.2 Egypt
9 Republic of Yemen 105 102 927.9 24.6 903.3 10.2 849.0 553.3 65.2
10 Republic of Lebanon 28 27 489.0 36.4 452.6 5.1 452.6 308.3 68.1
11 Kingdom of Morocco 72 71 1,352.9 159.1 1,193.8 13.5 1,193.8 957.9 80.2
12 Kingdom of Bahrain 20 19 301.5 33.3 268.2 3.0 268.2 232.2 86.6
Somali Democratic 13 12 11 40.7 2.8 37.9 0.4 37.9 23.8 62.8 Republic
Islamic Republic of 14 60 60 647.7 5.8 641.9 7.3 552.9 401.5 72.6 Mauritania
15 Sultanate of Oman 30 29 593.5 164.5 429.0 4.9 369.0 229.0 62.1
16 Palestine 5 5 17.0 2.6 14.4 0.2 14.4 14.4 100.0
17 Republic of Djibouti 25 23 112.0 5.0 107.0 1.2 84.0 68.1 81.0
Total 663 645 9,727.7 891.4 8,836.3 100.0 8,341.1 6,283.3 75.3
64 Annual Report 2017 ANNEX 4
Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2017 (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 Agriculture Energy and Industry and Development Telecommunications
1 Hashemite Kingdom 65.6 6.0 299.9 8.8 121.4 22.5 58.0 36.5 618.7 6.4 of Jordan
2 Republic of Tunisia 369.8 4.7 130.8 109.9 216.0 59.0 25.0 20.6 935.8 9.6
3 Algerian Democratic 45.0 7.8 147.0 30.0 77.3 10.0 70.0 8.2 395.3 4.1 and People’s Republic
4 Republic of Sudan 198.6 7.7 281.5 29.3 255.5 64.2 - - 836.8 8.6
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 7.2
7 State of Libya - 12.5 127.2 - - 36.0 - - 175.7 1.8
8 Arab Republic of 132.0 - 961.4 146.0 50.0 121.9 83.4 32.0 1,526.7 15.7 Egypt
9 Republic of Yemen 326.9 8.9 208.9 112.6 63.3 35.2 126.1 46.0 927.9 9.5
10 Republic of Lebanon 89.0 - 115.5 82.0 63.0 - 105.5 34.0 489.0 5.0
11 Kingdom of Morocco 701.0 4.0 85.5 122.3 397.5 9.0 33.0 0.6 1,352.9 13.9
12 Kingdom of Bahrain 50.5 6.0 84.0 66.0 - 25.0 70.0 - 301.5 3.1
13 Somali Democratic 16.5 2.9 6.8 5.0 9.5 - - - 40.7 0.4 Republic
14 Islamic Republic of 88.8 11.1 295.8 170.9 10.3 51.3 4.5 15.0 647.7 6.7 Mauritania
15 Sultanate of Oman 280.5 3.0 22.0 165.0 3.0 6.0 40.0 74.0 593.5 5.1
16 Palestine 5.0 - - - 6.0 - 6.0 - 17.0 0.2
17 Republic of Djibouti 17.5 5.9 22.0 37.0 1.9 0.7 27.0 - 112.0 1.2
Total 2,455.7 146.2 3,164.8 1,132.3 1,368.8 511.7 661.5 286.8 9,727.7 100.0 Percentage 25.2 1.5 32.5 11.6 14.1 5.3 6.8 2.9 100.0
* Includes Education, Health, Housing and Social Development Sectors.
Annual Report 2017 65 Djibouti hers Ot Palestine ices rv Oman Social Se Mauritania ning & Mi Somalia
Industry
hers Ot Development Rural & riculture Ag Sewerage & ter Wa r we Po Electric & Energy ices rv ning Mi & ry Indust elecommunications tT anspor Tr
Social Se Social Bahrain
Djibouti Palestine Oman Mauritania Somalia Bahrain Morocco Lebanon Yemen Egypt Libya Syria Iraq Sudan Algeria Tunisia Jordan
Morocco 0 0
Lebanon riculture & Rural Development Ag 200
Yemen 400 400 (KD Million)(KD
Egypt ter & Sewerage 600 600
Wa Libya 800 r we Po
Sectoral Distribution of Loans Distribution Sectoral Syria 1000
Energy & Electric Iraq 1200
Among Beneficiary Countries, 1974 - 2017 1974 - Countries, Beneficiary Among 1400 1400
Sudan 1600 1600 elecommunications
Algeria (KD Million) (KD
tT Among Beneficiary Countries, 1974 - 2017 - 1974 Countries, Beneficiary Among Tunisia
anspor
Tr Sectoral Distribution of Loans of Distribution Sectoral Jordan 0 Annual Report 2017 Report Annual 800 600 400 200 1000 1200 1600 1400 66
66 Annual Report 2017 ANNEX 5 PAGE 1 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(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 252/90 5,000 17 - 4,983 4,983 Operations 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 301/94 35,000 - - 35,000 34,000 and Reinforcement of Internal Transmission Lines* 26 Interconnection of Jordan and Syria 311/95 19,500 - - 19,500 18,445 Power Grids (Jordan)* 27 Aqaba Thermal Power Station 320/95 26,000 - - 26,000 24,420 (Phase III)* 28 Hwarat-Abu Zeighan Irrigation Water 333/96 1,900 595 - 1,305 1,203 Pipeline* 29 Infrastructure Development in the 358/97 6,000 446 - 5,554 4,069 Poor Areas* 30 Integrated Development in the 359/97 34,000 11,395 - 22,605 18,349 Southern Ghors* * Completed Project. ** Fully Cancelled Loan.
Annual Report 2017 67 ANNEX 5 PAGE 2 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(1) Hashemite Kingdom of Jordan 31 Integrated Development in the Southern 365/98 12,000 356 - 11,644 9,194 Ghors (Phase II - Mujib Dam)* 32 King Abdallah Teaching Hospital 371/98 15,000 29 - 14,971 12,241 (Second Loan)* 33 Prince Hamza Hospital* 386/99 23,000 9,348 - 13,652 9,572 34 Al-Wehdah Dam* 394/2000 35,000 6,082 - 28,918 16,168 35 Education Reform - School Buildings* 444/2003 10,000 318 - 9,682 5,002 36 Amman Development Corridor (Section I)* 455/2003 12,000 1 - 11,999 3,159 37 Al-Samra Power Generating Station* 462/2004 21,000 - - 21,000 9,600 38 Amman Development Corridor - 499/2006 10,000 - - 10,000 1,160 Phase I (Second Loan)* 39 Al-Samra Power Generating Station (Phase II)* 515/2007 20,000 - - 20,000 6,270 40 Comprehensive Development of 522/2007 6,000 - - 5,926 1,530 Wadi Araba Region (Phase l) 41 Al-Samra Electric Power Generating 524/2007 30,000 - - 30,000 6,880 Station (Phase lII)* 42 Al-Samra Electric Power Generating 542/2009 30,000 - - 30,000 5,670 Station (Financing Phase IV and Additional Financing for Phase III)* 43 Sanam Coated Glass Factory (P)* 12P/2010 4,500 323 - 4,177 418 44 Al-Samra Electric Power Generating 567/2011 30,000 - - 27,519 2,460 Station (Phase V)* 45 Al-Samra Electric Power Generating 587/2012 30,000 - - 27,632 1,620 Station (Phase VI)* 46 Al-Samra Electric Power Generating 620/2015 16,000 - 7,161 7,788 - Station (Phase VII) 47 Program to Supoort Small and Medium 623/2015 30,000 - 6,000 6,000 - Private Sector Projects and Enterprises 48 Infrastructure Development in the 630/2015 6,000 - 1,656 2,339 - Petra Region 49 Irbid Ring Road (Phase 1) 642/2017 15,000 - - - - 50 As Salt Ring Road 648/2017 14,000 - - - - Subtotal 618,650 43,039 14,817 505,815 304,034 (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. (P): Private Sector Project.
68 Annual Report 2017 ANNEX 5 PAGE 3 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(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 228/89 16,000 - - 16,000 16,000 the Phosphoric 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 14,040 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 7,033 28 Al-Wakael Project (Phase III)* 328/96 5,000 254 - 4,746 4,347 29 Zarqa Dam and the Irrigation of 338/96 13,000 3,830 - 9,170 7,525 Tbarqa and Mekna Plains* 30 Hima, Abeed, Rumail and Al-Bark 348/97 22,000 6,497 - 15,503 12,738 Dams for Irrigation* 31 Supporting the Vocational Training 361/97 11,000 134 - 10,866 8,556 and Employment Programs* 32 Improvement of the Roads Network 374/98 35,000 30 - 34,970 25,970 and Rural Roads* Development* 33 Tunis - Bizerte Motorway* 382/99 24,000 4,877 - 19,123 13,623 34 El-Kebir and El-Maoula Dams* 391/99 28,000 4,525 - 23,475 13,425 35 Development of the Industrial Parks* 402/2000 14,000 4,776 - 9,224 6,754 36 Tunis - Mejez El-Bab Motorway* 405/2000 25,000 1,885 - 23,115 14,730 37 Developmental Credit Lines* 413/2001 11,000 2,000 - 9,000 5,964 38 Construction of Six Dams in the North 428/2002 32,000 6,263 - 25,737 13,407 to Supply Potable Water* 39 Modernization of the Transmission 443/2003 30,000 - - 30,000 15,480 Network* 40 Sarrat Dam and Irrigation of Oulad 459/2004 12,000 - 1,605 9,788 3,240 Bou Ghanem and Mahjouba Plains 41 Al-Wakael Project (Phase IV)* 464/2004 4,000 1,702 - 2,298 1,443 42 Regional and Rural Roads Network* 483/2005 16,000 125 - 15,875 5,433 43 Wadi Al-Kabir Dam in Gafsa Province* 490/2006 3,000 566 80 2,434 652 44 Ghannouch Combined Cycle Power 494/2006 25,000 - - 24,938 6,390 Generating Station * Completed Project.
Annual Report 2017 69 ANNEX 5 PAGE 4 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(2) Republic of Tunisia 45 Regional and Rural Roads Network 518/2007 22,000 1,226 - 20,774 6,024 (Phase II)* 46 Ghannouch Combined Cycle Power 543/2009 15,000 - - 15,000 3,870 Generating Station (Supplementary Loan)* 47 Sousse Power Generating Station 553/2010 37,000 - 1,435 30,101 3,000 (Second Expansion) 48 Oued Zarga - Bousalem Motorway 561/2011 38,000 - 3,677 24,507 1,090 49 Urgent Program to Support Small 573/2011 15,000 - 5,000 10,000 - Private Sector Projects 50 Integrated Development Program 574/2011 42,000 - 2,394 17,947 - 51 Mdhila 2 Triple Super Phosphate 592/2013 22,000 - 3,879 5,840 - Fertilizer Production 52 Regional and Rural Roads Network 608/2014 40,000 - 8,111 18,736 - (Phase III) 53 Upper Mellegue Dam 609/2014 30,000 - 774 774 - 54 Development of the Classified Road 624/2015 50,000 - 14,587 17,879 - Network and Rural Roads 55 Construction of Saida and Kalaa 631/2015 50,000 - 151 151 - Kebira Dams, and Related Water Conveyance Facilities 56 Construction of Bridges on Classified 640/2017 20,000 - 1 1 - Roads 57 Tunis - Jelma Motorway 647/2017 50,000 - - - - Subtotal 935,775 55,837 41,694 609,600 346,681 (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 261/91 21,000 1,028 - 19,972 19,972 Station* 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)* * Completed Project.
70 Annual Report 2017 ANNEX 5 PAGE 5 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(3) Algerian Democratic and People’s Republic 16 Power Generating Station in Hassi 324/96 40,000 57 - 39,943 39,943 Massoud* 17 The Mitigation of Earthquake Risks 332/96 3,500 1,887 - 1,613 1,613 (Second Loan)* 18 Development of Small and Medium 339/97 10,000 1,012 - 8,988 8,988 Industries* 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 450/2003 30,000 30,000 - - - Reconstruction** Subtotal 395,300 112,489 - 282,811 282,811 (4) Republic of Sudan 1 Gadaref-Kassala Motorway 6/74 8,000 - - 8,000 8,000 (First Loan)* 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 110/83 6,000 - - 6,000 6,000 (First Loan)* 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)* * Completed Project. ** Fully Cancelled Loan.
Annual Report 2017 71 ANNEX 5 PAGE 6 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(4) Republic of Sudan 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 Generation and Transmission of 448/2003 30,000 - - 30,000 8,000 25 Electricity from Merowe Dam* 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 - 336 49,057 - 35 Electric Power Generating Station in the 566/2011 30,000 - 6,017 19,635 - Upper Atbara and Setit Dams Complex 36 East Sudan Roads 578/2012 54,000 - 8,093 29,137 - 37 Water Harvesting in Border Provinces 582/2012 15,000 - 855 4,124 - 38 Loan Program for Industrial 586/2012 10,000 - - - - Development Projects 39 Upper Atbara and Setit Dams 591/2013 30,000 - 1,614 6,765 - 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 Subtotal 836,778 12,977 16,915 519,885 170,231 (5) Republic of Iraq 1 Deep Freeze Store* 107/83 10,000 1,700 - 7,259 3,032 2 Fifth Pan-Arab Telecommunications 141/84 5,000 - - 4,373 - (Earth Stations-Arabsat) 3 Mitigation of Earthquake Risks 150/84 525 - - 503 63 4 Deep Freeze Store in Ninawa** 169/85 8,900 8,900 - - - 5 Agricultural Credit 200/87 8,000 - - 2,678 - 6 Industrial Credit 209/88 8,000 - - 3,726 - 7 Industrial Credit II 225/89 2,800 - - 283 - * Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
72 Annual Report 2017 ANNEX 5 PAGE 7 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(5) Republic of Iraq 8 Abattoir and Meat Processing Unit 226/89 3,800 - - 749 - (Central Region) 9 Abattoir and Meat Processing 235/90 4,200 - - - - Unit-Basra 10 Basra Power Grid 248/90 8,500 - - - -
Subtotal 59,725 10,600 - 19,571 3,095 (6) Syrian Arab Republic 1 Fuel Storage Tanks* 2/74 2,000 - - 2,000 2,000 2 Cattle Breeding (Ghab)* 8/74 5,400 3,412 - 1,988 1,988 3 Damascus Water Supply (First Loan)* 26/76 12,000 - - 12,000 12,000 4 Banias Power Station* 45/77 6,000 - - 6,000 6,000 5 Second Pan-Arab 60/80 2,700 918 - 1,782 1,782 Telecommunications* 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 154/84 1,900 1,900 - - - (Syria-Jordan)** 14 Mehardeh Power Station Extension 156/85 4,500 143 - 4,357 4,357 (Second Loan)* 15 Damascus Water Supply 164/85 3,000 361 - 2,639 2,639 (Second Loan)* 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 214/88 8,000 31 - 7,969 7,741 Eissa-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 - - - - * Completed Project. ** Fully Cancelled Loan.
Annual Report 2017 73 ANNEX 5 PAGE 8 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(6) Syrian Arab Republic 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 287/93 6,000 739 - 5,261 5,261 in Homs* 31 Zeizoun Power Generating Station* 291/93 30,000 689 - 29,311 21,711 32 Agricultural Development in Jabal 307/95 2,500 832 - 1,668 744 Al-Hoss* 33 Interconnection of Jordan and Syria 312/95 30,000 - - 28,223 17,290 Power Grids (Syria)* 34 Syria-Turkey Power Grid 314/95 26,000 2,936 - 23,064 10,714 Interconnection and Reinforcing the Syrian Internal Network* 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 433/2002 5,500 - - 606 - Governorate 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 39,446 - 467,124 273,024 * Completed Project.
74 Annual Report 2017 ANNEX 5 PAGE 9 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(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 (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 24/76 2,700 6 - 2,694 2,694 Loan)* 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 255/91 10,500 - - 10,500 10,260 Extension* 16 Social Development Fund (Phase I)* 256/91 14,400 11 - 14,389 14,019
17 Sewerage Projects in 46 Towns* 270/92 36,000 14,732 - 21,268 19,788
18 Sidi-Kreir Thermal Power Station* 272/92 44,000 6,363 - 37,637 31,281
19 Mitigation of Earthquake Risks* 275/92 2,000 1 - 1,999 1,871
20 Reconstruction of Earthquake 276/93 15,000 - - 15,000 13,140 Damaged Schools* * Completed Project. ** Fully Cancelled Loan.
Annual Report 2017 75 ANNEX 5 PAGE 10 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(8) Arab Republic of Egypt 21 Suez Transformers Station* 278/93 16,000 733 - 15,267 14,106
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 24,256 27 Construction of a Special Steel 318/95 15,000 409 - 14,591 14,591 Factory* 28 Social Development Fund (Phase II)* 346/97 21,000 - - 21,000 12,474 29 The Liver Diseases Center 362/98 3,000 - 51 260 - 30 Construction of a Flat Steel Plant* 372/98 17,000 79 - 16,921 16,921 31 Upgrading the Egyptian National 399/2000 16,000 69 - 15,931 6,731 Railroads Authority’s Locomotives and Workshops* 32 Cairo North Power Generation 407/2001 27,000 1,707 - 25,293 10,343 Station* 33 Water Supply for 240 Villages 420/2001 17,000 - - 13,424 7,470 Deprived of Potable Water - Phase I 34 Natural Gas Pipeline (Al-Arish - 427/2002 17,000 4,224 - 12,776 12,776 Aqaba)* 35 Nubaria Power Station - Phase I* 434/2002 30,000 681 - 29,319 12,819 36 Nubaria Power Station - Phase II* 438/2003 30,000 104 - 29,896 11,416 37 Educational Buildings** 442/2003 30,000 30,000 - - - 38 Water Supply for 240 Villages 432/2002 30,000 - - 27,459 12,444 Deprived of Potable Water (Phase II) 39 Talkha Combined Cycle (750 M.W.) 461/2004 30,000 - 111 29,596 10,780 Power Generation Station* 40 Development of the Waterway 472/2005 10,000 - - 3,063 2,320 Between Cairo and Alexandria 41 Expansion of West Cairo Power 484/2005 30,000 - - 30,000 6,930 Generation Station* 42 Development of Hurghada 488/2006 35,000 - - 35,000 4,300 International Airport* 43 Al-Atf Power Generating Station* 492/2006 30,000 - - 30,000 6,160 44 Expansion of Abu Qir Power 513/2007 30,000 117 - 29,883 4,503 Generating Station 1300 MW* 45 Expansion of Abu Qir Power 525/2007 30,000 117 - 29,883 4,503 Generating Station 1300 MW (Second Loan)* 46 El-Ain El-Sokhna Power Generating 539/2009 55,000 - 2,018 50,316 4,200 Station 47 South Gas Pipeline* 530/2008 25,000 - - 25,000 1,220 48 Banha Power Generating Station* 554/2010 50,000 - 130 48,294 1,300 49 Development of Hurghada International 559/2010 15,000 - 718 15,000 - Airport (Supplementary Loan)* * Completed Project. ** Fully Cancelled Loan.
76 Annual Report 2017 ANNEX 5 PAGE 11 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(8) Arab Republic of Egypt 50 South Helwan Power Generating Station 571/2011 55,000 - 14,775 26,192 - 51 Urgent Program to Support Small and 572/2011 30,000 - 4,726 30,000 - Medium Private Sector Projects and Enterprises* 52 Modernization of the Signaling 583/2012 44,000 - - 3,854 - 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 - 7,991 7,991 - (El-Walidia) 650 MW 55 Al Nouran Sugar (P)* 14P/2014 3,500 - - 3,500 -
56 Cairo West Power Generating Station 615/2014 60,000 - 4,920 4,920 - 650 MW 57 Wastewater Facilities in Areas Neighoring 628/2015 45,000 - - - - Al Rahawi Drainage Canal 58 Damanhour Combined Cycle Power 627/2015 60,000 60,000 - - - Generating Station (1800 MW)** 59 Water Supply and Development of 634/2016 50,000 - - - - the Agricultural System in the Sinai Peninsula 60 Construction of a 50 Megawatt 638/2017 26,000 - - - - Photovoltaic Power Station in the City of Kom Ombo 61 Development of the Electric 651/2017 60,000 - - - - Transmission Grid Subtotal 1,526,650 149,851 35,440 957,168 494,268 (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 27/76 2,600 1,904 - 696 696 (Supplementary 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
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
Annual Report 2017 77 ANNEX 5 PAGE 12 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(9) Republic of Yemen 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 79/82 4,000 42 - 3,958 3,958 Station)* 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 114/83 2,100 388 - 1,712 1,712 Road* 24 Electric Power III Development 122/83 1,500 - - 1,500 1,500 (Electrification of Five Towns East of Mukalla)* 25 Fisheries Manpower Centre (FMDC) 124/83 1,000 - - 1,000 1,000 and 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 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 173/86 4,200 - - 4,200 4,200 Loan)* 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 188/86 1,000 2 - 998 998 Loan)* 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
* Completed Project. ** Fully Cancelled Loan.
78 Annual Report 2017 ANNEX 5 PAGE 13 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(9) Republic of Yemen 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 288/93 2,500 23 - 2,477 1,937 Electricity, 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 - - 14,639 10,058 63 Sayhut - Nashtoun Road* 403/2000 26,000 - - 20,901 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* 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 - - 14,774 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 - - 22,539 5,360 75 Development of Local Communities 477/2005 15,000 - - 15,000 2,835 (Phase III)* * Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
Annual Report 2017 79 ANNEX 5 PAGE 14 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(9) Republic of Yemen 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 - - 1,834 730 79 Construction of a Second Ma’rib Gas- 502/2006 30,000 - - 25,807 - Turbine Power Generating Station and the Expansion of the Transmission Grid 80 Agricultural and Fisheries Development in 508/2007 12,000 - - 614 568 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 - - 2,128 240 Aden Governorate 84 Development of Water and Wastewater 526/2008 10,000 - - 407 - 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 - - 6,905 780 (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 - 1 5,434 370 91 Protection of Sana’a City from Floods 550/2010 7,000 - - 5,757 - 92 Social Fund for Development (Phase IV) 560/2010 30,000 - - 25,015 - 93 Major Intersections in Sana’a City 562/2011 10,000 - - 5,173 - (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 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 13P/2014 4,000 4,000 - - - Port (P)** 102 Infrastructure Development in Sana’a City 606/2014 30,000 - - 4,301 - 103 Al Ghaydah Central Hopital 612/2014 6,000 - - - -
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
80 Annual Report 2017 ANNEX 5 PAGE 15 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(9) Republic of Yemen 104 Rural Roads Development (Phase IV) 613/2014 30,000 - - - - 105 Public Works (Phase IV) 614/2014 10,000 - - - -
Subtotal 927,875 24,610 1 553,337 283,093 (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 263/91 22,000 3,157 - 18,843 18,843 Installations* 4 Reconstruction and Shelter 282/93 8,000 - - 8,000 8,000 Rehabilitation* 5 Rehabilitation of Electricity 304/94 7,000 291 - 6,709 6,353 Installations (Supplementary Loan)* 6 Zahrani Power Station* 305/94 30,500 - - 30,500 29,880 7 Saida and Sour Water Supply* 317/95 10,000 6 - 9,994 7,429 8 Technical and Vocational Schools* 323/96 15,000 - - 14,171 12,900 9 Administrative Rehabilitation of Public 325/96 6,000 5 - 5,995 4,963 and Independent Agencies* 10 Rehabilitation of the Infrastructure 331/96 13,500 62 - 13,438 9,298 and Buildings Damaged by the Israeli Aggression* 11 The Lebanese University Project 355/97 23,000 - - 23,000 17,820 (First Loan)* 12 Syr El-Dania Jbab El-Homr / 356/97 6,000 173 - 5,827 3,219 El-Hermel Road* 13 Beirut Southern Entrances: Khaldeh- 363/98 12,000 6,076 - 5,924 4,664 Cocodi and Awzaee Roads* 14 Interconnecting the Lebanese and 400/2000 8,000 - 28 4,169 4,149 Syrian Electric Grids at 400 kV* 15 Conveyance of Litani Water to 418/2001 31,000 - 1,280 30,138 5,270 Southern Lebanon 16 Control Center for the Lebanese 423/2002 7,000 - - 6,484 2,470 Power Network* 17 Infrastructure Upgrading in Beirut City 430/2002 17,000 - - 9,438 9,310 18 The Lebanese University Project 439/2003 6,000 1,583 - 4,417 2,445 (Second Loan)* 19 Development of the Road Network 449/2003 30,000 - - 22,310 11,180 and Main Intersections 20 Administrative Rehabilitation 495/2006 9,000 - 911 4,672 1,350 21 Development of Water and Wastewater 496/2006 25,000 - 1,836 13,161 3,550 Facilities in some Areas in Lebanon 22 Rehabilitation of Infrastructure 500/2006 30,000 - 1,127 17,776 - Damaged by the Aggression 23 Rehabilitation of the Private Sector 505/2006 25,000 25,000 - - - Enterprises Damaged by the Israeli Aggression** * Completed Project. ** Fully Cancelled Loan.
Annual Report 2017 81 ANNEX 5 PAGE 16 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(10) Republic of Lebanon 24 Rehabilitation of Electric Power 506/2006 35,000 - - - - Installations Damaged by the Israeli Aggression 25 Syr El-Dania Jbab El-Homr/ El- 527/2008 6,000 - 424 3,940 680 Hermel Road (Second Loan) 26 Housing Project* 585/2012 34,000 - 34,000 34,000 - 27 Completion of Wastewater Facilities 600/2013 30,000 - 11 11 - in Lebanon 28 Conveyance of Litani Water to 621/2015 32,000 - 4,407 4,407 - Southern Lebanon for Irrigation and Drinking Purposes (Elevation 800 Meters) (Supplementary Loan) Subtotal 489,000 36,353 44,024 308,324 174,773 (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 168/85 15,000 4,787 - 10,213 10,213 Electricity* 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 249/90 2,500 33 - 2,467 2,467 Infrastructure* 21 Upper Dokala Region Irrigation 264/91 30,000 3,983 - 26,017 26,017 (Phase I)* 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 * Completed Project.
82 Annual Report 2017 ANNEX 5 PAGE 17 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(11) Kingdom of Morocco 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 18,881 28 Rabat-Fes Motorway* 306/95 23,000 3,123 - 19,877 19,318 29 Maja’ra Dam (Second Loan)* 315/95 17,000 2,990 - 14,010 12,747 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 10,906 33 Morocco-Spain Power Interconnection 337/96 7,000 3,428 - 3,572 3,216 (Supplementary Loan)* 34 Dchar El Oued and Ait Massoud 344/97 15,000 5,886 - 9,114 7,494 Dams for Electricity, Irrigation and Drinking Water* 35 Dchar El Oued and Ait Massoud 345/97 15,000 8,796 - 6,204 4,890 Dams: Financing the Two Hydro- electric Stations* 36 Casablanca-Settat Motorway 364/98 16,000 4,031 - 11,969 8,589 (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 6,036 Greater Agadir City with Water* 39 Mohammed V Airport Development* 389/99 10,000 623 - 9,377 4,817
40 Afourer Pumped Storage Hydro- 397/2000 25,000 2,736 - 22,264 15,064 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 9,623 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 2,764 with Potable Water* 48 Tangier Mediterranean Harbour - Northern 473/2005 20,000 2,921 - 17,079 17,079 Highway Motorway (Section Three)* 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 3,430 Mediterranean Port with Water* 51 Marrakech - Agadir Motorway 491/2006 31,000 - - 31,000 31,000 (Second Loan)* * Completed Project. ** Fully Cancelled Loan.
Annual Report 2017 83 ANNEX 5 PAGE 18 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(11) Kingdom of Morocco 52 Generalization and Integration of Information 498/2006 15,000 10,228 - 4,772 4,772 Technology in Public School Education* 53 Rural Roads 503/2006 15,000 - - 14,439 4,300 54 Fes - Oujda Motorway* 512/2007 30,000 59 - 29,941 9,421 55 Water Supply for the Provinces of 514/2007 15,000 - 490 11,999 3,645 Taounate, Chefchaouen, Sidi Kacem and Tanger Med Port 56 Wadi Martil Dam* 517/2007 23,000 - - 20,292 3,500 57 Fes - Oujda Motorway (Taza - Oujda Section)* 534/2008 27,000 5,248 - 21,752 3,152 58 Expansion of Casablanca - Rabat Motorway* 538/2008 20,000 - - 20,000 2,850 59 Zerrar Dam* 540/2009 15,000 - - 14,061 1,290 60 Water Supply of Tangier & Tantan Regions* 546/2009 20,000 - 932 18,826 2,160 61 Berrechid - Beni Mellal Motorway* 549/2010 55,000 15,474 - 39,526 4,961 62 Dar Khrofa Dam* 556/2010 12,000 - 245 10,910 340 63 Tangier Med II Port* 558/2010 50,000 - - 50,000 2,860 64 High-Speed Train Tangier - Casablanca 568/2011 30,000 - 3,678 24,036 - 65 El Jadida - Safi Motorway 579/2012 30,000 - - 14,372 - 66 Water Supply of Tetouan Area 584/2012 7,000 - 2,772 4,108 - 67 Tangier Med II Port (Phase II) 602/2013 50,000 - - 5,874 - 68 Irrigation of the Chtouka AÏt Baha 611/2014 50,000 - - - - Region with Desalinated Water 69 El Jadida - Safi Motorway 616/2014 30,000 - - 16,871 - (Supplementary Loan) 70 Water Supply to Chefchaouen and 617/2014 15,000 - 159 159 - Neighboring Villages 71 Nador West Med Port 622/2015 60,000 - 11,622 11,622 - 72 High-Speed Train Tangier - 637/2016 50,000 - 18,479 18,479 - Casablanca (Second Loan) Subtotal 1,352,900 159,065 38,377 957,883 606,422 (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)* 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 12,880 9 Transfer and Distribution of Water from 349/97 21,000 1,450 - 19,550 16,274 Al-Hidd Desalination and Power Station* * Completed Project. ** Fully Cancelled Loan.
84 Annual Report 2017 ANNEX 5 PAGE 19 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(12) Kingdom of Bahrain 10 Interconnection of Al-Hidd Production 360/97 10,000 1,112 - 8,888 7,490 Facility to the Electric Grid* 11 Production and Utilization of Treated 367/98 15,000 3,842 - 11,158 9,358 Sewerage Effluent* 12 Hidd Industrial Area* 370/98 25,000 - - 16,878 15,015 13 The Housing Project (Second Loan)* 381/99 20,000 - - 20,000 15,120 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 13,680 and Transmission Systems* 16 Khalifa Bin Salman Port* 465/2004 15,000 5,616 - 9,384 4,209 17 Upgrading the Electrical 478/2005 14,000 7,000 - 7,000 3,090 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 - 452 24,290 4,920 Electrical Transmission Network* 20 Development of Water Supply Network 575/2011 30,000 - 4,750 21,980 -
Subtotal 301,500 33,269 5,202 232,223 150,867 (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 - 23,820 861 (14) Islamic Republic of Mauritania 1 Nouadhibou Power Station* 21/76 5,200 - - 5,200 5,200 2 Nouakchott-Kiffa Motorway (First Loan)* 25/76 7,000 - - 7,000 7,000 3 Guelbs Iron Ore Production* 49/79 10,000 1 - 9,999 9,999 4 Boghi-Kehidi Road Maintenance* 75/81 1,500 - - 1,500 1,500 5 Nouadhibou Power Station 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)* * 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. Annual Report 2017 85 ANNEX 5 PAGE 20 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(14) Islamic Republic of Mauritania 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 3,095 13 Oases Development (Phase I)* 163/85 3,400 - - 3,400 2,288 14 Artisanal Fisheries Development in 178/86 3,200 425 - 2,775 1,515 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 2,060 19 Boghi-Kehidi Road (Second Loan)* 219/88 3,100 12 - 3,088 1,081 20 Domestic Satellite Network* 227/89 5,000 11 - 4,989 1,507 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 1,600 23 Oases Development (Phase II)* 297/94 2,400 - - 2,400 2,250 24 Nouadhibou Water Supply* 313/95 10,000 - 273 9,925 8,416 25 Expansion of the Nouakchott Power 336/96 4,600 63 - 4,537 4,117 Generating Station* 26 Potable Water for the Interior Cities* 343/97 3,500 - 2 3,500 2,675 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 5,003 from Manantali Dam to Mauritania* 29 Rehabilitation and Construction of 33 Small 375/98 3,500 - - 3,327 2,156 Dams in the Area Adjacent to Achram* 30 Connecting Boghe to the Manantali 408/2001 4,000 20 - 3,980 1,957 Electrical Grid* 31 Debt Reduction* 414/2001 14,000 - - 14,000 2,795 32 Nouakchott - Nouadhibou Road * 419/2001 16,000 435 - 15,565 7,285 33 Nouakchott Water Supply from the 454/2003 30,000 - - 29,998 10,010 Senegal River* 34 Expansion of Nouadhibou Power 468/2004 7,000 - - 6,885 2,565 Generation Station 35 Nouadhibou Water Distribution Network* 475/2005 4,000 - - 3,748 1,274 36 Power Generation Stations for 481/2005 2,000 1,911 - 89 89 Interior Cities* 37 Atar - Tidjikja Road 509/2007 11,000 - 171 10,546 2,430 38 Developing Water and Road Services 510/2007 13,000 - - 13,000 2,345 in Rural Areas* 39 Nouakchott Water Supply from the 511/2007 37,000 - 916 36,200 6,020 Senegal River (Supplementary Loan)* 40 Lease Financing of Small and Medium- 6P/2007 1,000 - - 1,000 1,000 Size Projects and Enterprises (P)* * Completed Project. (P): Private Sector Project.
86 Annual Report 2017 ANNEX 5 PAGE 21 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(14) Islamic Republic of Mauritania 41 Drinking Water and Electricity Emergency 523/2007 15,000 - - 14,336 3,040 Project for the City of Nouakchott* 42 Rehabilitation of Al-Amal Road 531/2008 19,000 - 168 14,984 1,560 (Sections II and IV) 43 Drinking Water and Electricity 535/2008 10,000 - 59 9,379 1,080 Emergency Project for the City of Nouakchott (Supplementary Loan)* 44 Electricity Emergency Program for the 547/2009 10,000 - - 9,757 1,040 City of Nouakchott (Supplementary Loan)* 45 Water Distribution Network in Nouakchott 555/2010 10,000 - 720 7,189 - 46 Upgrade of the Power Generation and 569/2011 30,000 - 2,122 25,988 - Transmission Systems in Nouakchott* 47 Supply of Drinking Water to the 570/2011 8,000 - 1,321 5,156 - Region of Aftout Elcharghi* 48 Water Supply of Eastern Cities and 580/2012 20,000 - 2,584 14,249 - Villages from Dhar Basin 49 Development of Power Generating 588/2012 3,000 - 13 1,846 - Stations for Interior Cities 50 Construction of a 30 MW Wind Farm 590/2013 14,000 - 2,071 13,916 - in Nouakchott* 51 Néma - Mali Border Road (Section III) 593/2013 9,000 - 779 1,759 - 52 New Nouakchott International Airport 595/2013 9,000 - 740 6,464 - 53 Drinking Water and Development of 601/2013 20,000 - 4,849 12,338 - Oases in Rural Areas 54 Construction of a Solar Power Station 610/2014 30,000 - 12,980 15,422 - in Nouakchott and the Modernization of the Electrical System 55 Development of Electricity Transmission 629/2015 33,000 - 2,638 2,641 - and Distribution Networks 56 Reinforcing the Electrical Interconnection 625/2015 30,000 - - - - between Mauritania and Senegal (Nouakchott - Tobien Line) 57 Construction of a Wind Farm in Boulenoir 632/2016 35,000 - - 3 - 58 Rehabilitation of the Guelb (1) Plant 641/2017 32,000 - - - - 59 Water Supply to the Cities of Laayoune 644/2017 15,000 - - - - and Djiguenni, and Neighboring Villages 60 Electrical Interconnection Between 645/2017 42,000 - - - - Nouakchott and Zouerate on 225 kV Subtotal 647,700 5,809 32,406 401,447 129,480 (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* * Completed Project.
Annual Report 2017 87 ANNEX 5 PAGE 22 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(15) Sultanate of Oman 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 4,320 25 Infrastructure Facilities for Sumail 576/2011 14,000 - 2,129 7,027 - Industrial Estate 26 Housing Program* 605/2013 40,000 - 6,000 40,000 - 27 Development and Exparsion of Main Roads 636/2016 50,000 - 24,950 24,950 - 28 Transmission Lines of Desalinated Water 639/2016 60,000 - 3,994 3,994 - from Al Ghubrah to Al Seeb and from Barka to Ad Dakhiliya Governorate 29 Development of Part of Road 32 in 646/2017 52,000 - 1 1 - the Special Economic Zone of Duqm 30 Reinforcement of Desalinated Water 649/2017 60,000 - - - - Transmission Lines in Ash Sharqiyah Governorates Subtotal 593,500 164,513 37,074 228,959 137,307 (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 2,624 - 14,376 10,055 * Completed Project. ** Fully Cancelled Loan.
88 Annual Report 2017 ANNEX 5 PAGE 23 OF 23
Loans Extended to Beneficiary Member States 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount No. of Loan Loans and During as at as at Balances 2017 31/12/2017 31/12/2017
(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 1,406 10 Modernization of Boulaos Power 373/98 3,000 1 - 2,999 1,923 Station - Phase II* 11 Modernization of the Port of Djibouti 390/99 3,000 3,000 - - - (Phase IV)** 12 Social Housing* 395/2000 5,000 - - 5,000 2,928 13 Development of the Education Sector 412/2001 4,000 283 - 3,717 1,601 14 Modernization of Boulaos Power 436/2002 3,000 83 - 2,917 1,355 Station - Phase III* 15 Social Housing (Phase II)* 456/2003 6,000 - - 6,000 1,885 16 Boulaos Power Generation Station 471/2004 4,000 21 - 3,979 1,263 Project - (Fourth Phase)* 17 Construction of Djibouti University 497/2006 5,000 - 312 4,557 1,040 18 Rehabilitation of Drinking Water 532/2008 7,000 - - 7,000 180 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 - 742 9,769 - 21 Rehabilitation of the Distribution 598/2013 10,000 - 2,498 9,595 - 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 - 36 51 - 24 Port of Tadjourah (Supplementary 619/2015 3,000 - - - - Loan) 25 Completion of the Rehabilitation and 635/2016 20,000 - - - - Reinforcement of the Drinking Water Distribution Network in Djibouti Subtotal 112,000 4,955 3,588 68,071 23,514
Grand Total 9,727,728 891,361 269,538 6,283,289 3,444,943 * Completed Project. ** Fully Cancelled Loan.
Annual Report 2017 89 ANNEX 6 PAGE 1 OF 3
Loans Extended to Finance Inter-Arab Projects 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments Loan Amount No. Project / Country Loans and During as at as at No. of Loan Balances 2017 31/12/2017 31/12/2017
1 First Pan-ArabTelecommunications: Algeria* 10A/75 300 52 - 248 248 Morocco* 10B/75 3,000 802 - 2,198 2,198 2 Aden-Taiz Road: Yemen* 22A/76 3,800 - - 3,800 3,800 Yemen* 22B/76 6,500 - - 6,500 6,500 3 Navigation Inspection Unit: Algeria* 55/80 2,000 70 - 1,930 1,930 4 Second Pan-Arab Telecommunications: Jordan* 58/80 5,000 4,433 - 567 567 Syria* 60/80 2,700 918 - 1,782 1,782 5 Third Pan-Arab Telecommunications: Somalia* 66/81 1,700 - - 1,434 - Djibouti* 67/81 1,000 - - 1,000 1,000 Yemen* 68/81 1,400 - - 1,400 1,400 Yemen* 69/81 1,300 - - 1,300 1,300 6 Fourth Pan-Arab Telecommunications: Algeria* 71/81 4,500 153 - 4,347 4,347 Tunisia* 72/81 3,700 - - 3,700 3,700 7 Inter-Arab White Cement Industry (Jordan - Syria): Jordan* 78/82 5,000 - - 5,000 5,000 8 Potable Water to Rural Areas: Jordan* 82/82 700 - - 700 700 Tunisia* 83/82 600 88 - 512 512 Sudan* 84/82 1,800 73 - 1,727 1,727 Morocco* 85/82 1,300 1,135 - 165 165 Mauritania* 86/82 400 12 - 388 388 Yemen* 87/82 1,500 - - 1,500 1,500 Yemen* 88/82 700 80 - 620 620 9 Tartous-Latakia Motorway: Syria* 93/82 6,000 - - 6,000 6,000 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.
90 Annual Report 2017 ANNEX 6 PAGE 2 OF 3
Loans Extended to Finance Inter-Arab Projects 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments Loan Amount No. Project / Country Loans and During as at as at No. of Loan Balances 2017 31/12/2017 31/12/2017
Djibouti* 98/82 1,100 251 - 849 849 Somalia 99/82 1,200 - - - - Sudan* 100/82 1,300 223 - 1,077 1,077 Tunisia* 101/82 1,000 3 - 997 997 Algeria* 102/82 1,000 - - 1,000 1,000 Morocco* 103/82 1,000 - - 1,000 1,000 Mauritania* 104/82 1,200 77 - 1,123 1,123 Syria* 172/86 1,000 - - 1,000 1,000 11 Sixth Pan-Arab Telecommunications, Submarine Gulf Cable (Bahrain - Qatar - UAE): Bahrain* 113/83 3,000 - - 3,000 3,000 12 Zarqa - Almafraq - Syrian Border Road: Jordan* 118/83 4,000 - - 4,000 4,000 13 Damascus - Sanamein - Jordan Border Road: Syria* 128/83 9,000 - - 9,000 9,000 14 Geological and Water Mapping of Yemen: Yemen* 132/84 1,200 151 - 1,049 1,049 Yemen* 133/84 1,200 211 - 989 989 15 Fifth Pan-Arab Telecommunications Arabsat Earth Station:
Iraq 141/84 5,000 - - 4,373 - 16 Seventh Pan-Arab Telecommunications Submarine Gulf Cable (Bahrain - Kuwait): Bahrain** 142/84 3,000 3,000 - - - 17 Mitigation of Earthquake Risks:
Algeria* 117/83 4,700 3,704 - 996 996 Jordan* 148/84 450 182 - 268 268 Tunisia* 149/84 575 48 - 527 527 Iraq* 150/84 525 - - 503 63 Syria* 151/84 575 11 - 564 564 Yemen* 152/84 600 1 - 599 599 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 - - - 19 Ruwaishid Pilot Scheme in Hammad Basin (Inter-Arab): Jordan* 184/86 1,500 4 - 1,496 1,496 * Completed Project. ** Fully Cancelled Loan.
Annual Report 2017 91 ANNEX 6 PAGE 3 OF 3
Loans Extended to Finance Inter-Arab Projects 1974 - 2017
(KD 000)
Cancelled Disbursements Disbursements Repayments Loan Amount No. Project / Country Loans and During as at as at No. of Loan Balances 2017 31/12/2017 31/12/2017
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 14,040 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 3,216 26 Interconnection of Jordan - Syria Electric Power Grids: Jordan* 311/95 19,500 - - 19,500 18,445 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 - - 4,142 4,142 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 41,520 - 291,736 250,080 * Completed Project.
92 Annual Report 2017 ANNEX 7
Grants Committed and Disbursed 1974 - 2017
(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 2017 31/12/2017
A. National Grants
1 Hashemite Kingdom of Jordan 52 12,924 64 12,860 6.2 1,065 11,267 1,593
2 Republic of Tunisia 16 5,870 150 5,720 2.8 196 4,224 1,496
3 Algerian Democratic and People’s Republic 11 2,065 551 1,514 0.7 - 1,289 225
4 Republic of Sudan 25 13,702 963 12,740 6.2 386 12,034 705
5 Republic of Iraq 5 820 163 657 0.3 - 657 -
6 Kingdom of Saudi Arabia 9 1,520 118 1,402 0.7 - 852 550
7 Syrian Arab Republic 16 3,820 1,752 2,068 1.0 - 2,068 -
8 State of Libya 3 625 300 325 0.2 - 45 280
9 Arab Republic of Egypt 53 17,515 726 16,789 8.2 444 15,028 1,761
10 Republic of Yemen 51 17,256 559 16,697 8.1 300 10,643 6,054
11 State of Kuwait 33 3,996 7 3,989 1.9 39 3,257 733
12 Republic of Lebanon 45 20,191 2,588 17,603 8.6 234 10,968 6,635
13 Kingdom of Morocco 26 5,550 296 5,254 2.6 15 4,267 987
14 United Arab Emirates 7 194 9 185 0.1 - 185 -
15 Kingdom of Bahrain 14 2,310 265 2,045 1.0 - 1,845 200
16 State of Qatar 1 50 14 36 - - 36 -
17 Somali Democratic Republic 4 1,220 86 1,134 0.6 298 1,134 -
18 Islamic Republic of Mauritania 34 6,875 775 6,100 3.0 74 5,444 656
19 Sultanate of Oman 15 4,825 19 4,806 2.3 - 4,629 177
20 Palestine 173 28,545 1,077 27,468 13.3 - 27,409 59
21 Republic of Djibouti 7 1,150 42 1,108 0.5 - 1,108 -
22 Union of the Comoros 2 3,100 - 3,100 1.5 537 1,368 1,732
Total National Grants 602 154,123 10,522 143,601 69.8 3,589 119,759 23,842
B. Inter-Arab Grants 541 68,124 5,897 62,227 30.2 3,017 58,298 3,929
Total National and Inter-Arab Grants 1143 222,247 16,419 205,828 100.0 6,606 178,057 27,771 Urgent Program to Support C. 134,989 - 134,989 - 9,133 121,071 13,918 the Palestinian People* Program to support the D. 29,651 - 29,651 - 5,059 17,358 12,293 Resistance of Jerusalem**
Grand Total 386,887 16,419 370,468 - 20,798 316,486 53,982
*Support decided by the Arab Fund’s Board of Governors to the Palestinian people, over the period 2001-2017. ** Support decided by the Arab Fund’s Board of Governors to the resistance of Jerusalem, in 2010 and 2016.
Annual Report 2017 93 ANNEX 8
Co-financing Activities of the Arab Fund 1974 - 2017
Total Amount Percentage Contributors (KD Million) (%)
1. (A) National and Regional Development Institutions
Arab Fund for Economic and Social Development 4,157.0 30.7
Kuwait Fund for Arab Economic Development 1,332.4 9.9
Abu Dhabi Fund for Development 361.9 2.5
Saudi Fund for Development 699.4 5.2
Islamic Development Bank 991.8 7.3
OPEC Fund for International Development 114.3 0.8
Iraqi Fund for External Development 5.0 *
Libyan Foreign Bank 3.0 *
Subtotal 7,585.8 56.7
(B) Other Arab Sources 749.5 5.5
2. International Financial Institutions
World Bank 759.5 5.6
International Fund for Agricultural Development (IFAD) 54.3 0.4
African Development Bank 698.3 5.2
Subtotal 1,512.1 11.2
3. Foreign Governments and their Development Institutions 3,599.2 26.6
Grand Total 13,525.6 100.0
* Less than 0.1%.
94 Annual Report 2017
Contents
Page No.
Member States, Governors and Alternate Governors ...... 3
Board of Directors ...... 5
Basic Financial Data on the Arab Fund as at 31/12/2017 ...... 7
Overview of Arab Fund Activities ...... 8
• First: The Lending Program ...... 10 • Second: Grants ...... 18 • Third: Joint Arab Action ...... 26 • Fourth: Financial Statements for the Financial Year Ended 31 December 2017 ...... 31
ANNEXES ...... 41
• Annex 1 Project Sheets for Loans Extended During the Year 2017...... 43 • Annex 2 Capital, Resources and Status of Loans and Grants, 1972 - 2017 ...... 60 • Annex 3 Summary of Loans Extended to Member States, 1974 - 2017 ...... 64 • Annex 4 Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2017 ...... 65 • Annex 5 Loans Extended to Beneficiary Member States, 1974 - 2017 ...... 67 • Annex 6 Loans Extended to Finance Inter-Arab Projects, 1974 - 2017 ...... 90 • Annex 7 Grants Committed and Disbursed, 1974 - 2017 ...... 93 • Annex 8 Co-financing Activities of the Arab Fund, 1974 - 2017 ...... 94
96 Annual Report 2017