Arab Fund for Economic & Social Development
Annual Report 2020
Arab Fund for Economic & Social Development P.O. Box: 21923 - Safat 13080, Kuwait
Telephone: +965 24 95 90 00 Facsimile: +965 24 95 93 90 / 91 / 92
Electronic Mail: [email protected] Internet Web Site: www.arabfund.org
Address: Arab Organizations Headquarters Building Airport Road, Shuwaikh State of Kuwait
ARAB FUND FOR ECONOMIC AND SOCIAL DEVELOPMENT
Member States, Governors and Alternate Governors
Member States (1) Governors (2) Alternate Governors (2)
The Hashemite Kingdom of H.E. Mr. Nasser Shraideh H.E. Ms. Zeina Toukan Jordan
The Republic of Tunisia H.E. Mr. Ali Al-Kali -
The Algerian Democratic and H.E. Mr. Ayman Bin Abdul Rahman - People’s Republic
The Republic of Sudan H.E. Dr. Hiba Mohamed Ali -
The Republic of Iraq H.E. Mr. Ali Abdul-Amir Allawi H.E. Ms. Berin Abdul Salam Qasim
H.E. Mr. Mohammed Bin Abdullah Al H.E Dr. Ahmed Bin Abdulkarim Al The Kingdom of Saudi Arabia Jadaan Kholifey
The Syrian Arab Republic* - -
State of Libya H.E. Mr. Faraj Abdullrahman Faraj Bomtari -
The Arab Republic of Egypt H.E. Dr. Rania Al Mashat H.E. Dr. Hala El Said
The Republic of Yemen H.E. Dr. Waed Abdullah Abdulrazzaq Badhib H.E. Dr. Mohamed Ahmed Ali Al-Hawri
The State of Kuwait H.E. Mr. Khalifa Musaed Khalaf Hamada H.E. Mr. Abdulwahab Al-Bader
The Republic of Lebanon H.E. Mr. Nabil Adnan Al-Jisr -
The Kingdom of Morocco H.E. Mr. Mohamed Benchaȃboun H.E. Mr. Zouhair Chorfi
United Arab Emirates H.E. Mr. Obaid Humaid Al-Tayer -
H.E. Sheikh Salman Bin Khalifa The Kingdom of Bahrain H.E. Mr. Yousif Abdulla Humood Al-Khalifa
The State of Qatar H.E. Mr. Ali Shareef Al Emadi -
The Somali Democratic - - Republic** The Islamic Republic of H.E. Mr. Ousmane Mamoudou Kane H.E. Mr. Mohamed Salem Ould Al Nani Mauritania H.E. Mr. Sultan Bin Salem Bin Saeed Sultanate of Oman - Al-Habsi
Palestine H.E. Dr. Nabil Qaddoumi H.E. Mr. Bassam Walweel
The Republic of Djibouti H.E. Mr. Ilyas Moussa Dawaleh -
The Union of the Comoros H.E. Mr. Said Ali Said Chayhane -
(1) States are listed in the order in which their names appear in the list of signatories to the Agreement Establishing the Fund, and according to the date of adhesion to the Agreement. (2) Names of Governors and Alternate Governors are given as at 31/12/2020. * Membership suspended by request from the League of Arab States. ** Membership suspended pursuant to the Board of Governors’ Resolution No. 3 of 1993, which has been extended annually by subsequent resolutions of the Board of Governors to the year 2020.
Annual Report 2020 3
Basic Financial Data on the Arab Fund as at 31/12/2020
(KD Million)
Capital 2,901.1
Total Equity (Capital and Reserves) 3,853.0
Loans
Number of Loans Approved During the Year 15
Total Amount of Loans Approved During the Year 354.0
Total Number of Loans 704
Cumulative Amount of Approved Loans 11,128.6
Cumulative Disbursements on Loans 6,922.2
Cumulative Loan Repayments 3,789.2
Outstanding Debt Owed to the Arab Fund 3,133.0
Grants
Total Number of National and Inter-Arab Grants 1253
Cumulative National and Inter-Arab Grant Commitments 251.9
Cumulative National and Inter-Arab Grant Disbursements 201.1
Cumulative Contributions to the Urgent Program to Support the 196.9 Palestinian People(1)
Cumulative Disbursements for the Urgent Program(1) 177.9
(1) Includes the Program to Support the Resistance of Jerusalem (1 and 2).
Annual Report 2020 7 Overview of Arab Fund Activities
Introduction During 2020, the Arab Fund continued its activities aimed at supporting Arab countries’ development efforts in implementing high-priority economic and social projects. Its lending program focused on infrastructure projects aimed at providing basic services, increasing production capacity, improving the investment environment in Arab countries, and developing existing projects. 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 feasibility studies and project preparation, organizing seminars and conferences, in addition to providing support to the Palestinian people through the Urgent Program.
Arab countries had to adjust their programs, this year, to face the special circumstances caused by the Corona (COVID-19) pandemic. Correspondingly, the Arab Fund responded to the needs of its member states to confront the spread of this pandemic by providing related loans and grants.
Loans During the year, the Arab Fund extended 15 loans, to 7 Arab countries, for a total amount of KD 354 million. These loans contributed to the implementation of 14 public sector projects and one private sector project. The total cost of these projects was estimated at about KD 601 million, with the loans provided by the Arab Fund covering about 59% of that amount. Infrastructure sector projects accounted for about 53% of the total amount of loans approved during the year. Water and sewerage projects topped the list of infrastructure sector projects, followed by the transport and telecommunications sector and lastly the energy and electricity sector. The social services sector accounted for about 47% to help member countries ward off the effects of the Corona pandemic. Within the productive sector, industry and mining projects accounted for about 0.6%.
Cumulative Loans Since the commencement of its activities in 1974 and until the end of 2020, the cumulative number of loans provided by the Arab Fund to the public and private sectors has reached 704 for a total amount of about KD 11.1 billion. These loans contributed to the financing of 596 projects in 17 Arab countries, and covered about 27% 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% of the total amount of loans, followed by the productive sectors with about 18%, the social services sectors with about 9%, and the other sectors with about 3%. The cumulative number of loans extended to the private sector has reached 16, for a total amount of about KD 62 million. Cumulative disbursements of loans extended to both the public and private sectors over the period 1974 - 2020 amounted to about KD 7 billion, representing about 72% of the net amount of effective loans. The Arab Fund also contributes to the capital of 7 private companies, for a total amount of about KD 39 million, in addition to its contribution to the capital of
8 Annual Report 2020 the MENA Fund, established by the International Finance Corporation (IFC), for about KD 3 million.
Grants The Arab Fund provided 36 national and inter-Arab grants in 2020, for a total amount of about KD 15.6 million. These grants included 24 national grants for a total amount of about KD 13.3 million, about 80% of which was allocated for emergency programs to support member countries to confront the Corona pandemic, about 16% for institutional support and training, about 4% for general studies and research and for conducting feasibility studies and project preparation. The grants also included 12 inter-Arab grants for a total amount of about KD 2.3 million, about 87% of which was allocated for institutional support and training, about 11% for emergency programs, and about 2% for seminars and conferences. In addition, the Arab Fund continued its annual contribution to support the resistance of the Palestinian people by allocating about KD 16.1 million during 2020 to the eighteenth 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 2020, has reached about KD 448.8 million, of which about KD 174.3 million were provided for the implementation of 656 national grants, about KD 77.6 million for the implementation of 597 inter-Arab grants, about KD 167.3 million as contributions to the Urgent Program to Support the Palestinian People, which began in the year 2001, and about KD 29.6 million as contributions to the Program to Support the Resistance of Jerusalem, during the years 2010 and 2016. The total disbursements of these grants amounted to about KD 379.0 million, or about 89% of their net amount.
Joint Arab Action In 2020, the Arab Fund continued its activities in various areas in support of priority sectors and in response to decisions and directives of Arab summits, which accorded a special importance to projects and issues related to joint Arab action. In this context, these activities included coordination between the Arab national and regional development institutions and cooperation with international institutions, support to small and medium enterprises, financing of Arab trade, support to the Arab Development Portal, financing the Arab Electrical Interconnection Grid Code Study, contribution to the preparation of the Joint Arab Economic Report, cooperation with the World Bank in the context of the Arab Spring Development Initiative, and support to Arab and Regional institutions.
Financial Statements As indicated by the Arab Fund’s financial statements for the year ending 31/12/2020, total income was about KD 134.5 million, compared to about KD 176.2 million in 2019, while total administrative expenses were about KD 7.4 million, compared to about KD 8.7 million in 2019. The Arab Fund’s net profit for the year 2020 was about KD 113.2 million, compared to about KD 160.6 million for the year 2019. The statements also show that total member countries’ equity was about KD 3853.0 million as at 31/12/2020, compared to about KD 3,768.9 million at the end of 2019.
Annual Report 2020 9 First: The Lending Program
Preamble During 2020, the Arab Fund provided support to projects aimed at reinforcing the development efforts of Arab countries, improving their infrastructure and basic services, and have high priority in their economic and social development plans. The lending program for the year focused on infrastructure projects, as priority was given to projects in the sectors of water and sewerage, transport, and energy and electricity. The program also included projects in the social services sectors, especially the needs of the health sector and the urgent needs to confront the spread of the Corona (COVID-19) pandemic. In addition, the Arab Fund provided support to projects in the productive sectors.
Appraisal of Projects and Loans Approved 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 work to ensure their technical and economic feasibility, and their conformity with the priorities of the development programs in member countries. Taking into consideration the travel restrictions between countries due to the COVID-19 pandemic, the technical staff at the Arab Fund used various available means of communications with the relevant personnel of the beneficiary countries to discuss and obtain the necessary information for evaluation.
A total of 15 loans were approved during the year, for a total amount of about KD 354.0 million. These loans contributed to the financing of 14 public sector projects and one private sector project in 7 Arab countries. The total cost of these projects was estimated at about KD 600.6 million, with the loans provided by the Arab Fund covering about 58.9% of that amount.
Effective Loan Agreements A total of 17 loan agreements, amounting to about KD 554 million, became effective in 2020 in 7 Arab countries, namely Jordan, Tunisia, Oman, Lebanon, Egypt, Morocco and Mauritania. These loans were provided for the implementation of projects in the transport and ports, industry, agriculture, water and sewerage, and the social services sectors.
Public Sector Projects The Arab Fund approved 14 public sector loans during the year, amounting to about KD 352.0 million, for the implementation of 9 new projects and 5 previously financed projects. Table 1 shows the loans approved by the Arab Fund during 2020, and Annex 1 provides the project sheets for these loans.
Infrastructure sectors accounted for about 53.1% of the total amount of loans approved during 2020, in light of priorities set in member countries’ plans and programs that focused on improving these sectors, and providing an environment conducive to attracting and encouraging investment and providing new employment opportunities. Six loans were extended to finance water and sewerage projects, and amounted to KD 106.0 million or about 30.1% of the total amount of loans extended during the year. Two loans were allocated for the laying of desalinated water transmission lines in Oman to face the drinking water deficit, two for the construction of wastewater facilities in Al Junaid and North Jerash in Jordan, and two for financing of drinking water projects in Mauritania. Two loans were extended to finance transport projects in Oman amounting to KD 51.0 million or about
10 Annual Report 2020 14.5% of the total. A loan, amounting to KD 30.0 million or about 8.5% of the total, was extended to finance an energy and electricity project to construct a power plant in Djibouti.
Five additional loans were allocated to support governments in their efforts to ward off the effects of the COVID-19 pandemic. These loans, having a total amount of KD 165.0 million, or about 46.9% of the total amount of loans extended during the year, were extended to Tunisia, Mauritania, Jordan, Morocco and Oman (Box 1). Table 1 Loan Commitments During 2020
Amount Date of No. Country Project of Loan Board (KD Million) Approval
A: Public Sector Projects Reinforcement of Desalinated Water 1 Sultanate of Oman Transmission Lines in Ash Sharqiyah 25.0 17/02/2020 Governorates (Supplementary Loan) Hashemite Kingdom Wastewater Facilities in Al Junaid and 2 12.0 17/02/2020 of Jordan North Jerash Fishing Port in Wilayat Daba in the 3 Sultanate of Oman 27.0 20/04/2020 Governorate of Musandam Damerjog Power Plant and Transmission 4 Republic of Djibouti Network Expansion and Development 30.0 20/04/2020 Project (Phase I) Emergency Program to Ward Off the 5 Republic of Tunisia 30.0 27/04/2020 Effects of the Corona Pandemic Islamic Republic of Emergency Program to Ward Off the 6 15.0 27/04/2020 Mauritania Effects of the Corona Pandemic Hashemite Kingdom Emergency Program to Ward Off the 7 30.0 27/04/2020 of Jordan Effects of the Corona Pandemic Emergency Program to Ward Off the 8 Kingdom of Morocco 45.0 08/05/2020 Effects of the Corona Pandemic Emergency Program to Ward Off the 9 Sultanate of Oman 45.0 08/06/2020 Effects of the Corona Pandemic Desalinated Water Transmission Lines from Al Ghubrah to Al Seeb and from 10 Sultanate of Oman 30.0 09/08/2020 Barka to Ad Dakhiliyah Governorate (Supplementary Loan) Islamic Republic of Supply of Drinking Water to the Region of 11 7.0 09/08/2020 Mauritania Aftout Elcharghi (Supplementary Loan) Strengthening the Supply of Drinking Islamic Republic of 12 Water to the City of Nouadhibou from the 24.0 09/08/2020 Mauritania Boulenoir Basin Development of the First Part of Road 32 13 Sultanate of Oman in the Special Economic Zone of Duqm 24.0 02/09/2020 (Supplementary Loan) Hashemite Kingdom Wastewater Facilities in Al Junaid and 14 8.0 02/09/2020 of Jordan North Jerash (Supplementary Loan) Subtotal 352.0 B: Private Sector Projects Arab Republic of Storage Services in Abou Rawash 1 2.0 14/09/2020 Egypt Industrial Area (Phase II) Subtotal 2.0 Total 354.0
Annual Report 2020 11 Box 1 The Arab Fund’s Support to Member Countries in Response to the Spread of the COVID-19 Pandemic
The COVID-19 disease spread around the and investment spending, in addition to world in 2020, after its outbreak began in the providing urgent support to small and Chinese city of Wuhan towards the end of medium size enterprises and support to 2019. It is a disease caused by a strain of the vulnerable group. Corona virus, which turned into a pandemic Cognizant of its responsibility, the Arab Fund that has affected most countries of the world, took a number of measures in response to including Arab countries. The danger of this requests received from its member states to disease lies in its rapid spread, its direct provide urgent medical needs to confront the impact on humans, and its high fatality rate. pandemic and limit its spread, by providing, It has caused a decline in production and productivity resulting from the complete or during the year, a number of significant partial closure of economic activities. Research loans, grants and facilities. To this effect, the is still ongoing to find treatments and vaccines Arab Fund allocated ten grants, having a for this disease. total amount of about KD 8.65 million (about By the end of 2020, the number of cases of US Dollars 28.5 million). The beneficiary this disease in Arab countries reached about countries of these grants were Tunisia, 3.3 million people, representing about 3.9 Algeria, Morocco, Mauritania, Jordan, Egypt, percent of the total number of cases in the the Comoros, Libya, Djibouti and Yemen. world, which were about 84.4 million cases. The Arab Fund also provided five direct loans The number of fatalities resulting from this in support of emergency programs to ward disease was recorded at about 57 thousand in off the effects of confronting the COVID-19 Arab countries by the end of 2020, compared pandemic. These loans amounted to KD to about 1.8 million globally. Arab countries 165 million (about US Dollars 540 million) conducted more than 55 million medical swabs. on concessional terms, and were provided To confront this pandemic, the management to Tunisia, Jordan, Mauritania, Morocco and of health systems requires the development of national plans to provide various medical the Sultanate of Oman. In addition to the teams, equipment and devices, medicines, loans and grants provided to Arab countries, and the equipping of hospitals and quarantine the Arab Fund also decided to postpone the centers in order to stop the spread of infection, payment of installments and interest owed save lives and protect the health systems. This by member countries for all current loans, has created great financial, administrative and by granting an additional grace period of organizational burdens on Arab governments. one year, and spreading the payment of the Countries and international and regional interest that was due on these payments organizations and institutions, such as over ten bi-annual installments starting from the World Health Organization, the World 01/07/2021. Bank, regional funds and banks, and others Accordingly, the size of the facilities provided are cooperating in providing assistance by the Arab Fund to its Member States to to countries and their institutions in order support them in facing the pandemic, despite to confront the spread of the pandemic. the financial burden it will incur as a result For their part, countries have taken many of this decision, amounted to about KD 215 measures to confront the pandemic and its contractionary effects on their economies, million (about US Dollars 710 million). Thus, either by making allocations to spend on the total amount of loans, aid and facilities health needs, or by taking other austerity provided by the Arab Fund during the year and rationalization measures to reduce the to help member states amounted to about negative repercussions of the pandemic on KD 389 million (equivalent to about US their economies and by reviewing both current Dollars 1,284 million).
12 Annual Report 2020 Private Sector Projects The Arab Fund continued to support the role of the private sector in the development of Arab countries. During 2020, the Arab Fund approved a loan in the amount of KD 2.0 million to contribute to the financing of a storage services project in Abou Rawash Industrial Area (Phase II), which has an estimated total cost of about KD 4.0 million (Table (1)). Moreover, the Arab Fund studied several requests to participate in the financing of private sector projects in 10 Arab countries; they included projects in industry, agriculture, fisheries, real estate, tourism, and communications. 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 2020, 6 projects, which were previously financed with loans for a total amount of KD 107.0 million, were completed; their total cost amounted to about KD 677.8 million, with the Arab Fund covering about 15.8% of that cost.
Cumulative Lending Activities Since the commencement of its operations in 1974 and until the end of 2020, the Arab Fund approved 704 loans, for a total amount of about KD 11.1 billion. These loans contributed to the financing of 596 projects in 17 Arab countries, and covered about 27.4% of the total cost of these projects. Annex 3 presents a summary of the loans extended to member countries over the period 1974 – 2020, while Annex 5 provides details on these loans.
The cumulative amount of loans extended by the Arab Fund for infrastructure projects has reached about KD 7.8 billion, or about 70.2% of the total amount of loans. About KD 3.4 billion of that amount was allocated for energy and electricity projects, about KD 2.9 billion for transport and telecommunications projects, and about KD 1.5 billion for water and sewerage projects. Loans for the productive sectors’ projects amounted to about KD 2.0 billion, or about 18.1% of the total amount of loans, of which about KD 1.5 billion was allocated for projects in agriculture and rural development, and about KD 0.5 billion for projects in industry and mining. Loans for projects in the social services sectors amounted to about KD 1.0 billion, accounting for about 9.0% of the total, and were allocated to projects in education, health, housing, social development and confronting the effects of the Corona pandemic. The remaining 2.7% of the total amount of loans, about KD 0.3 billion, was provided to finance projects in other sectors, which included earthquake mitigation, financial leasing and administrative development.
Annual Report 2020 13 In addition to financing the main components of projects, the Arab Fund’s loans also contributed to institutional support for most of the entities involved and training of their employees in order to enhance their efficiency. Table 2 shows the sectoral distribution of the loans approved by the Arab Fund during 2020 and over the period 1974 – 2020, 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 16 loans for private sector projects, for a total amount of KD 61.9 million, which contributed to the financing of 14 projects in the following six Arab countries: in Bahrain, Yemen, Mauritania, Sudan, Jordan and Egypt. These projects covered various areas, as they included the development of many productive sectors, especially iron and steel, sugar, grain silos and flour mills, glass, cement, fish processing, as well as the sectors of tourism, health, financial services and storage facilities. In addition to the loans extended to the private sector, the Arab Fund also contributes to the equity capital of 7 private companies in 5 Arab countries, namely Saudi Arabia, Egypt, Yemen, Sudan and Morocco, in the areas of iron and steel production, cement production, sugar production, power generation, healthcare services, storage facilities services and real estate. By the end of 2020, the Arab Fund’s total contribution to these companies had reached about KD 38.9 million, in addition to its contribution to the capital of the MENA Fund established by the International Finance Corporation (IFC), for about KD 3.1 million.
Inter-Arab Projects The Arab Fund continued its support to joint Arab efforts to build a basic framework and strengthen means of communication and interconnections between member countries. Since the commencement of its operations in 1974 and until the end of 2020, the Arab Fund approved 68 loans for a total amount of about KD 394.1 million. These loans contributed to the implementation of 32 inter-Arab projects in the areas of telecommunications, electric power, natural gas pipelines and international roads. At the end of 2020, total disbursements of these loans has reached about KD 291.8 million or about 82.9% of their net amount. Annex 6 provides details on the loans approved to finance inter-Arab projects over the period 1974 – 2020.
14 Annual Report 2020 Table 2 Loan Commitments by Sector (KD Million)
2020 1974 - 2020 Sector Amount % Amount %
1. Infrastructure Sectors
Transport and Telecommunications 51.00 14.4 2,964.90 26.6
Energy and Electricity 30.00 8.5 3,367.75 30.3
Water and Sewerage 106.00 29.9 1,483.25 13.3
Subtotal 187.00 52.8 7,815.90 70.2
2. Productive Sectors
Industry and Mining 2.00 0.6 517.56 4.7
Agriculture and Rural Development - - 1,487.80 13.4
Subtotal 2.00 0.6 2,005.36 18.1
3. Social Services Sectors* 165.00 46.6 1,001.50 9.0
4. Other Sectors - - 305.83 2.7
Grand Total 354.00 100.0 11,128.59 100.0
* Include mainly the Education, Health and Housing Sectors.
Sectoral Distribution of Loan Commitments
During 2020 During the Period 1974 - 2020
Other Sectors Transport and Social Services 2.7% Transport and Social Services Telecommunications Sectors Telecommunications Sectors 14.4% 9.0% 46.6% 26.6% Agriculture and Rural Development 13.4%
Industry and Mining Industry Water and Energy and 4 7% and Mining Water and . Sewerage Electricity Energy and 0.6% Sewerage 13.3% 30.3% Electricity 29.9% 8.5%
Annual Report 2020 15 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 2020, a project in Mauritania in the water and sewerage sector was co-financed with the Islamic Development Bank and the French Development Agency. The total contribution of the Arab Fund to development projects co-financed with Arab national, regional and international development institutions, during the period 1974 – 2020, has reached about KD 4.5 billion, representing about 31.5% of the total amount of co-financing of about KD 14.1 billion during this period. Annex 8 provides details on co-financing activities over that period.
Disbursements and Repayments Total disbursements during 2020 amounted to about KD 213.6 million. Cumulative disbursements of all loans over the period 1974 – 2020 amounted to about KD 6,922.2 million, including KD 44.6 million for private sector projects. Repayments of loans in 2020 amounted to about KD 72.6 million, and in light of the financial circumstances and difficulties being faced by member countries due to confronting the spread of the COVID-19 pandemic, the Arab Fund took the decision to delay the repayment of installments and interest due for all active loans. This decision was to be implemented by extending the grace period of active loans by a year, and the repayments of delayed interest through biannual installments for a period of five years beginning on 01/07/2021. Cumulative repayments over the period 1974 – 2020 amounted to about KD 3,789.2 million, which represented about 54.7% of cumulative disbursements.
16 Annual Report 2020 Second: Grants
Grants During 2020
Many grant applications were reviewed during 2020, and priorities were determined in coordination with the concerned institutions in the member countries, subject to available financial resources. A total of 36 grants, amounting to about KD 15.6 million, were approved during the year. These grants included 24 national grants, which amounted to about KD 13.3 million, and were provided to 13 Arab countries. The grants also included 12 inter- Arab grants, which amounted to about KD 2.3 million, and were allocated in support of activities of common interest to most Arab countries. In addition, support provided to the resistance of the Palestinian people within the framework of the Urgent Program amounted to about KD 16.1 million. Table 3 presents these grants.
The Arab Fund continued to give support to the requests of member countries and gave priority this year to reinforcing the emergency programs in order to meet the urgent needs to confront the effects of the Corona pandemic by providing 13 grants for a total amount of about KD 10.9 million representing about 69.7% of the total amount of grants. These grants were allocated as 11 national grants, amounting to about KD 10.6 million, and two inter-Arab grants amounting to about KD 0.3 million.
The Arab Fund also gave priority to activities that reinforce institutional support and training, with 20 grants allocated to these activities for a total amount of about KD 4.2 million, representing about 26.6% of total grants provided during the year. These grants aimed at enhancing the performance of specialized institutions by improving the quality of services they provide, supporting the activities and programs of a number of research and education centers, supporting various economic and social institutions, providing some medical centers with medicine, equipment and medical supplies, and contributing to the financing of a project to modernize the crop breeding program in five Arab countries. The grants included the contribution to the coverage of the cost of the studies and research work for leaks in a section of the water distribution network in the city of Muscat, Oman, with a grant for an amount of KD 500 thousand. The grants provided during the year also contributed to the organization of a conference on the “Transformations of the Education System”, for a total amount of KD 50 thousand. During the year, a grant was also provided for the coverage of the cost of an economic and technical feasibility study for the project to support sustainable agriculture in the Senegal River, for an amount of KD 30 thousand. Table 4 shows the grant commitments by activity.
Annual Report 2020 17
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Board Date 17/02/2020 17/02/2020 24/03/2020 24/03/2020 24/03/2020 24/03/2020 20/04/2020 01/04/2020 20/04/2020 20/04/2020 09/05/2020 28/05/2020 28/05/2020 09/06/2020 22/06/2020 20/07/2020 06/08/2020 09/08/2020 09/08/2020 10/08/2020 09/08/2020 09/08/2020 25/08/2020 08/10/2020 Approval 5/2020 6/2020 7/2020 8/2020 9/2020 11/2020 10/2020 12/2020 13/2020 16/2020 21/2020 22/2020 23/2020 28/2020 29/2020 32/2020 33/2020 DG/20-2020 DG/25-2020 DG/26-2020 DG/27-2020 DG/31-2020 DG/36-2020 DG/35-2020 No. of Grant of No. 50 30 50 50 50 50 30 350 130 100 150 500 500 300 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 2,000 1,000 13,340 Amount (KD 000) Allocated
(3) (2) (5) Al (5) (2) (2) (2) (5) (5) (5) (5) (5) (5) (5) (5) (5) (2) and Building of Cadres, Support Training Training Table 3 (2) (2) Institution – Dar Activities of the Friends Committee Social Welfare Beneficiary/Grant Grants Approved During 2020
(2) (2)
Youth (2) (2) (1) Support for the Technical of the Big Explosion at Beirut Port and Outbreak Corona Pandemic to Confront the Effects Efforts Contribution to Support Lebanon’s Al Islamiya “Ashghalouna” Sudan/ Contribution to the Preparation of Studies and Provision Institutional Support for Agricultural Statistics and Population Census for Three Medical Centers Serving Seven Cities in Jordan Jordan/ Contribution to the Financing of Construction Through the Provision of Urgent Needs Against the Corona Virus Egypt/ Contribution to Support the Fight Through the Provision of Urgent Needs Against the Corona Virus Mauritania/ Contribution to Support the Fight Through the Provision of Urgent Needs Against the Corona Virus Jordan/ Contribution to Support the Fight Through the Provision of Urgent Needs Against the Corona Virus Contribution to Support the Fight Tunisia/ Through the Provision of Urgent Needs Against the Corona Virus Morocco/ Contribution to Support the Fight Through the Provision of Urgent Needs Against the Corona Virus Algeria/ Contribution to Support the Fight the Implementation of Footpaths and Coordination Site at Royal Gardens Jordan/ Contribution to the Construction of a Reservoir for Irrigation Water, Lebanon/ Contribution to the Patient Solidarity Fund Association Ahlouna Activities of Lebanon/ Contribution to the Coverage of Cost Programs and Through the Provision of Urgent Needs Against the Corona Virus Libya/ Contribution to Support the Fight Through the Provision of Urgent Needs Against the Corona Virus Comoros/ Contribution to Support the Fight Through the Provision of Urgent Needs Against the Corona Virus Djibouti/ Contribution to Support the Fight Feasibility Study for the Project to Support Sustainable Technical Mauritania/ Contribution to the Coverage of Cost an Economic and Agriculture in the Senegal River Assistance Project Lebanon/ Contribution to the Financing of Patient Lebanon/ Contribution to the Financing of Scholarship Fund Distribution Network in the City of Muscat for Leaks in a Section of the Water Oman/ Contribution to the Coverage of Cost Studies and Research Work Cancer Treat Device to Diagnose and Tomographic Acquisition of a Jordan/ Contribution to the Coverage of Cost Jordan/ Contribution to Lebanon/ and Confront Flood Disasters By Providing Urgent Needs Contribution to Support the Fight against Corona Virus Yemen/ Unit for People with Special Needs Treatment Jordan/ Contributing to the Financing of a Project Construct Dental Lebanon/ Contribution to the Financing of Renewal Aytam National Grants Total 1 2 3 4 5 6 7 8 9 11 10 12 13 14 15 16 17 18 19 20 21 22 23 24 No. A: National Grants (1) Feasibility Studies and Project Preparation (2) Institutional Support (3) General Studies and Research (4) Seminars Conferences (5) Emergency Programs Table 3 Table
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Board Date 01/01/2020 27/01/2020 13/02/2020 17/02/2020 20/04/2020 20/04/2020 20/04/2020 20/04/2020 20/04/2020 03/06/2020 09/08/2020 06/09/2020 Approval 1/2020 4/2020 14/2020 15/2020 17/2020 18/2020 19/2020 30/2020 34/2020 DG/2-2020 DG/3-2020 DG/24-2020 No. of Grant of No. 75 15 50 50 100 150 100 300 120 140 200 1,000 2,300 15,640 16,063 31,703 Amount (KD 000) Allocated (2) in (2) (2) the (2) (5) (2) Meet (5) Programs to Institutions Institutions Training 2019 – 2020 Year Partner and Resources (2) Educational and by the War Affected Agricultural Sector Financial (4) American Qualification at of Universities on Humanitarian Demining Awareness Arab Countries in Cost Institution’s the Available of the Building Training (2) Arab Program for Arab Development for the Period 2017/2018 – 2019/2020 Support Capacity Coverage Activities of the Institute for Financial Scholarships to and and Activities from Arab Development Research During the Period 2020 - 2021 Curricula Benefit Countries Contribution Arab them Beneficiary/Grant in Education Grants Approved During 2020 Help
to (2) and (AMIDEAST)/ Activities and Training Services Center’s of Students the of Arab Training and Support Development Talented Agricultural Research Fields the the and to to Educational (2) Outstanding Contribution
Contribution of the Education System in Arab States Educational Research Center/ Contribution to the Conference on “Transformations ERF/ Contribution to the Second Part of Phase Research Initiative for Arab Forum of Energy Regulators/ Contribution to the Support Forum’s Gulf Arab Bureau of Education for the Gulf States” of the Member States Light of the Development Vision ICARDA/ Contribution to the Financing of Project Modernize Crop Breeding Program in Five Geneva International Centre for Humanitarian Demining/ Contribution to the Financing of SPARK/ Host Countries Arab Planning Institute/ Contribution to the Coverage of Cost Programs and ICARDA/ for Specialized Cadres in America-Mideast Needs of American University of Beirut/ Contribution to the Coverage Cost Education Syrian Immigrant Students ERF/ Contribution to the Coverage of Cost Initiative Support ICARDA/ Contribution to the Support of Center Face Challenges Posed by COVID-19 Crisis on Inter-Arab Grants Total National and Inter-Arab Grants Total Eighteenth Phase of the Urgent Program to Support Palestinian People Grand Total 1 2 3 4 5 6 7 8 9 11 10 12 No. B: Inter-Arab Grants (1) Feasibility Studies and Project Preparation (2) Institutional Support (3) General Studies and Research (4) Seminars Conferences (5) Emergency Programs Table 3 (Continued) Table
Annual Report 2020 19 9.7 7.8 2.5 % 52.8 27.2 100.0 Total 6,264 24,455 19,641 68,443 29,651 Amount 133,124 251,927 167,254 448,832 8.2 7.8 4.3 % 62.7 17.0 100.0 6,380 6,057 3,294 48,699 13,201 77,631 Amount Inter-Arab Grants During the Period 1974 - 2020 3.7 0.1 % 10.4 48.4 37.4 100.0 207 6,440 National Grants 18,075 84,425 65,149 Amount 174,296 0.2 3.2 0.3 % 26.6 69.7 100.0 Total - 30 50 500 4,160 10,900 15,640 16,063 31,703 Amount - - 2.2 % 86.9 10.9 100.0 - - (KD 000) 50 Table 4 250 During 2020 2,000 2,300 Amount Inter-Arab Grants - 0.2 3.8 % 16.2 79.8 100.0 - 30 500 Grant Commitments by Activity 2,160 National Grants 10,650 13,340 Amount Training Activity Feasibility Studies and Project Preparation Institutional Support and General Studies and Research Seminars and Conferences Emergency Programs 1 2 3 4 5
Total National and Inter-Arab Grants Total Urgent Program to Support the Palestinian People Program to Support the Resistance of Jerusalem Grand Total
20 Annual Report 2020 Grant Commitments by Activity (Percentage)
National Grants during 2020 Inter-Arab Grants during 2020
Institutional Support Feasibility and Training Studies 16.2% Seminars and and Project Conferences Preparation General Studies and % 2.2 Emergency 0.2% Research Programs 3.8% 10.9%
Institutional Support and Training Emergency Programs 86.9% 79.8%
National Grants during the Period 1974 - 2020 Inter-Arab Grants during the Period 1974 - 2020
Feasibility Studies and Project Feasibility Studies Preparation and Project Institutional Emergency Preparation 10.4% Emergency Support and Programs 8.2% Programs Training 4.3% 37.4% 48.4% Seminars and Conferences 7.8%
General Studies and Institutional Research Seminars and General Studies Support and Conferences and Research 17.0% Training 0.1% 3.7% 62.7%
Annual Report 2020 21 Cumulative Grants The total amount of grants provided by the Arab Fund, since the commencement of its operations and until the end of 2020, amounted to about KD 448.8 million, of which about KD 251.9 million contributed to the financing of 1253 national and inter-Arab grants, and about KD 196.9 million to support the Palestinian people through the Urgent Program and the Program to Support the Resistance of Jerusalem.
The number of national grants provided reached 656 for a total amount of about KD 174.3 million, allocated as follows: about KD 84.4 million for institutional support and training, about KD 18.1 million for feasibility studies and project preparation, about KD 6.4 million for general studies and research, and KD 207 thousand for seminars and conferences. These grants, provided to most Arab countries, aimed at improving the performance of specialized institutions, enhancing the quality of services they provide, training their employees and managers, developing their information 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 65.2 million, which were allocated to support emergency programs to alleviate the effects of the COVID-19 pandemic, natural disasters, local disturbances, or damage caused by external aggression on some Arab countries.
The number of inter-Arab grants provided by the Arab Fund reached 597 for a total amount of about KD 77.6 million, allocated as follows: about KD 48.7 million to provide institutional support and training in several specialized scientific and research centers, about KD 13.2 million to undertake general studies and research in various economic and social development areas, about KD 6.4 million to conduct feasibility studies for specific projects, about KD 6.0 million to organize seminars and conferences to discuss priority development issues for Arab countries, and about KD 3.3 million to implement emergency programs.
In addition, the cumulative contributions provided by the Arab Fund to support the Palestinian people included grants allocated within the framework of the Urgent Program, since its beginning in 2001 and until the end of 2020, amounting to about KD 167.3 million. The contributions of the Arab Fund to support the Palestinian people also included grants allocated within the framework of the Program to Support the Resistance of Jerusalem, in 2010 and 2016, which have amounted to about KD 29.6 million.
Grant Disbursements Cumulative disbursements of grants, approved over the period 1974 – 2020, amounted to about KD 379.0 million, including about KD 201.1 million for national and inter-Arab grants, and about KD 177.9 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 2020, a total of 38 grants, amounting to about KD 14.1 million, were completed. This brought the total number of national and inter-Arab grants completed during the period 1974 – 2020 to 1084, with a cumulative amount of about KD 186.8 million, while a total of 111 grants, amounting to about KD 53.4 million, remain under execution. Moreover, the total number of reimbursed and fully cancelled grants reached 58, for a total amount of about KD 11.7 million.
22 Annual Report 2020 Support to the Palestinian People Since the beginning of its activities, the Arab Fund has worked to support the Palestinian people’s resistance. The interventions aimed at reducing the destructive effects of the occupation’s policies and depriving the Palestinian people of basic services related to the living requirements of a citizen. The total contribution made by the Arab Fund to Palestine, since the commencement of its operations and up to the end of 2020, reached about KD 239.8 million, including about KD 225.4 million in the form of grants, and the remaining as concessional loans provided to support sustainable development efforts in the areas of infrastructure, health and education.
The Urgent Program to Support the Palestinian People: Within the framework of the Arab Fund’s efforts to meet the urgent needs of the Palestinian people resulting from the deteriorating economic, living and social conditions in the occupied Palestinian lands, the Arab Fund continued it efforts to provide support to the Palestinian people through the Urgent Program to Support the Palestinian People, which it renews annually since 2001. To that effect, the Arab Fund, in 2020, allocated an amount of about KD 16.1 million, or about 10% of its net income for 2019, to contribute to the eighteenth phase of the Urgent Program to Support the Palestinian People, bringing the total contribution of the Arab Fund to this program, over the period 2001 – 2020, to about KD 196.9 million. This program includes support to non-governmental institutions and civil societies which provide basic health, social and educational services to local communities, supports the health and education sector, rural development, and economic empowerment in the different regions.
The Arab Fund’s contributions in Palestine have left tangible effects, as they have contributed to raising the standards of health services through the provision of beds in hospitals and health centres, as well as providing specialized medical treatment opportunities for disadvantaged groups of the population, and providing training opportunities for doctors, teachers and technicians in several fields. These contributions also help in building schools to alleviate overcrowding in classrooms, develop the capabilities of rural women, as well as contribute to the development of education and provide higher education opportunities for distinguished students, and the development of rural development including the provision of drinking water, as well as improving electrical networks, road networks, and housing support.
The result of the support provided by the Arab Fund, in this context, was the repair of destroyed infrastructure and roads through the paving of about 1,500 km of modern roads and rural agricultural roads, the rehabilitation and operation of 175 artesian wells, the construction of about 8 thousand private and public buildings, the reclamation of about 9 thousand dunums of agricultural lands to protect them from confiscation, the repair and reconstruction of 12 thousand homes damaged by the Israeli aggressor, as well as the construction of 155 km of drinking water networks in less fortunate areas, and connecting 32 village councils to electric and solar power grids.
Annual Report 2020 23 The Arab Fund’s interventions, within the framework of the Urgent Program, included building, equipping and restoring about 55 schools in main cities and rural areas that accommodated 22 thousand students, as well as building and equipping 18 university buildings, supporting loan programs for about 50 thousand university students, providing training opportunities for about 1,200 teachers on modern teaching methods and skills, as well as providing the opportunity for 450 university students to obtain master’s and doctoral degrees to provide universities with scientific specializations. The program also included establishing industrial zones for small craftsmen, providing support to about 400 industrial workshops that have been rehabilitated and equipped, and providing soft loans to about 2,600 farmers to develop agricultural projects.
The program contributed to developing the capacities of civil institutions and associations by providing basic services in the fields of social care, obstetrics care, child care and special needs care. It also contributed to establishing, equipping and providing medicines and medical devices to about 120 government and private medical centers. Additionally, it also contributed to providing training and specialization opportunities for about 420 physicians in the fields of cardiology, ophthalmology, orthopaedics, diabetes and cancer. The program also contributed to the provision of adequate housing for about 280 families in 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, as well as the renovation and rehabilitation of historical and civil buildings to preserve the cultural and civilizational heritage. These works covered the renovation of about 600 buildings in Jerusalem, Nablus, Hebron and rural areas, as well as provided training to about 1,200 craftsmen on restoration methods.
Cooperation with International and National Financial Institutions: The Arab Fund maintained its cooperation with the Islamic Development Bank, which monitors the implementation of projects financed through Al-Aqsa Fund. This cooperation included supporting the development of medical and educational services through the construction of health centers, schools and universities, the development of infrastructures, the rehabilitation of wells and reclamation of agricultural lands threatened with confiscation, and the urgent construction aimed at reviving the cultural and architectural heritage of historical buildings. Cooperation with the Islamic Development Bank also included support to civil society institutions which provide health, social and educational services. The total committed amount in this regard is estimated at about KD 33.7 million, including support to Jerusalem. This amount was fully disbursed. The Arab Fund is also coordinating with the Islamic Development Bank to identify projects eligible for support and begin implementing them within the framework of the eighteenth phase of the Urgent Program.
24 Annual Report 2020 Third: Joint Arab Action
Introduction The Arab Fund, in 2020, continued its activities in various areas in support of priority sectors and in response to the 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 assume the functions of the Coordination Secretariat between national and regional Arab development institutions (the Coordination Group), preparing their periodic meetings and following up on implementation of its recommendations.
The eighty-fifth Coordination Group meeting was hosted by the Arab Bank for Economic and Social Development (BADEA) during the period 03 – 05 March, 2020, in Khartoum, Sudan. During this meeting, the progress of the joint task forces between the Group and the Organisation for Economic Co-operation and Development’s Development Assistance Committee (OECD/DAC) on the topics of education, women empowerment and water was reviewed, in addition to the progress of the task force on cooperation between the Group and the World Bank. The topic of the Arab Development Portal was also discussed during this meeting, where the issue of transferring the portal to the Arab Monetary Fund was specifically addressed. The transfer is to be based on the outputs of the study prepared by the consortium who was contracted in January 2020, at a total cost of US Dollars 744 thousand, covered completely by the Arab Fund. Also during the meeting, the discussions included, the progress of the contracts committee concerned with reviewing and updating documents in effect since 1995, the progress of the task force on the Group’s joint activities on the sidelines of the annual meeting of the Asian Infrastructure Investment Bank in 2021 in the UAE, the presentation of BADEA’s 2030 Strategic Vision, and the initiative to establish a coalition to support small and medium size enterprises, through which BADEA aims to mobilize the financial and technical resources necessary for the advancement of small and medium size enterprises, in addition to reviewing the working papers prepared by the Arab Monetary Fund related to project bonds and cooperation to develop Arab financial markets in local currencies, cooperation in the digital field, the applications of modern financial technologies in Arab countries, and the developments of the “Buna” Arab Regional Payment System. In addition, the meeting included reviewing the developments in the Global Partnership for Effectiveness Development Cooperation, as well as developments in the field of financial inclusion. The Asian Infrastructure Investment Bank and the Global Partnership for Education also presented their activities in Arab countries.
A virtual meeting was held on May 18, 2020 by the Heads of the Coordination Group Institutions. This meeting was dedicated to discussing coordinated initiatives to mitigate, contain and remedy the negative effects of the Corona (COVID-19) pandemic on the countries benefitting from the Group’s aid. During this meeting, the heads of the Group stressed the importance of employing all available financing tools, including grants, soft loans, technical support, general budget support, balance of payments, financing lines, trade finance, trade insurance,
Annual Report 2020 25 investment and public and private sector capacity development programs, including targeted activities related to economic empowerment in order to combat the pandemic and its resulting implications. At the conclusion of the meeting, a joint declaration was issued confirming the pledge by the Heads of Institutions to allocate US dollars 10 billion to assist developing countries in their efforts to recover from the recession caused by the pandemic and its impact.
A follow-up virtual meeting was held on July 9, 2020 by the Heads of Operations of the Coordination Group. This meeting was dedicated to the exchange of information and programs proposed by the members of the Group to implement the Heads of Institutions’ decision to allocate US Dollars 10 billion to help beneficiary countries in their immediate response and their efforts to achieve economic recovery from the recession caused by the pandemic and its impact. During this meeting, the idea of creating a platform for the exchange of information on the accomplishments of the Group’s interventions in accordance with the declaration of the Heads of Institutions was presented, as well as the idea of coordinating and following-up through virtual meetings for the specialists and technical staff. In this regard, a virtual meeting was held on July 24, 2020 by the technical staff concerned with the African region, one was held on October 12, 2020 by the technical staff concerned with the Arab and Asian region, and one was held on November 25, 2020 by the technical staff concerned with the Latin American region and Other countries. During these meetings, information was exchanged on the steps that had been taken, and the achievements made, as well as consultation on the next steps.
The eighty-sixth Coordination Group meeting was held virtually at the invitation of the OPEC Fund for International Development during the period 1-2 September 2020. During this meet- ing, the focus was on following up developments regarding issues related to preparation for the meeting of the Heads of Institutions with the OECD/DAC, the Arab Development Portal, the progress of the contracts committee, the task force on the Group’s joint activities on the sidelines of the annual meeting of the Asian Infrastructure Investment Bank in 2021 in the UAE, the Global Partnership for Effectiveness Development Cooperation, and the develop- ments of the “Buna” Arab Regional Payment System of the Regional Corporation for Arab Payments Clearing and Settlement owned by the Arab Monetary Fund. During this meeting, a presentation was also made by the International Fund for Agricultural Development review- ing the measures it has taken to respond to the Corona pandemic and mitigate the effects on poor and vulnerable rural communities. During the same meeting, the World Bank also presented their accomplishments in the field of existing cooperation in the Middle East and North Africa region, in Africa and the Horn of Africa initiative, in addition to the activities and measures taken in response to the Corona pandemic and the urgent aid to Lebanon to meet the needs resulting from the massive explosion that took place on August 4, 2020 resulting in the devastation of the Beirut Port.
Support to Small and Medium Enterprises The Arab Fund supports the financing of small and medium enterprises in Arab countries through its contribution, in the amount of US Dollars 100 million, to the capital of the Special Account to finance small and medium private sector enterprises in Arab countries as well as through its management of this Account for which it provides an independent administration and separate accounts. A total of 18 Arab countries, in addition to the Arab Fund, subscribed to the capital of this Account, for a total amount of US Dollars 1,310.0 million, of which about US Dollars 1,268.5 million was paid by the end of 2020. The Special Account provides loans to Arab governments and to various intermediary financial institutions, in addition to technical support to those entities. By the end of 2020, the total number of loans provided by the Special
26 Annual Report 2020 Account reached 45 for a total amount of US Dollars 1,441.0 million, and were allocated to 12 Arab countries. The total disbursements of these loans reached about US Dollars 964.3 million. The Special Account financed about 92 thousand projects, thus contributing to the provision and preservation of about 432 thousand jobs.
Arab Trade Finance Trade contributes to the economic and social development of Arab countries, through its support to Arab exports, by enhancing Arab productive capabilities, and through the provision of development requirements including equipment, machinery and devices. The Arab Trade Finance Program aims at achieving the goals of the Agreement for the Facilitation and Promotion of Intra-Arab Trade, and the agreement on the Arab Free Trade Area, and enhancing the competitiveness of Arab exports. The Arab Fund contributed to the establishment of this Program, in cooperation with the Arab Monetary Fund, and contributed to its capital. The Arab Fund is the second largest contributor to the Program, after the Arab Monetary Fund, with a share of about 22.6% of the program’s issued and paid-in capital of US Dollars 986,635,000. By the end of 2020, the total amount of approved financing requests reached about US Dollars 18.0 billion. These requests were submitted through 217 national agencies in all Arab countries (mostly from national and central banks, in addition to some relevant ministries and institutions).
Arab Development Portal In response to the request of many of the institutions of the Coordination Group to conduct a study to evaluate the Portal and prepare an action plan to transfer its operations and maintenance services from the United Nations Development Programme (UNDP) to one of the Group’s institutions, the Arab Fund prepared the terms of reference for the required study and held an international tender for its preparation. The contract for performing the study was signed, in the beginning of January 2020, with a consortium of two specialized French companies.
The first phase of the study consisted of a complete evaluation of what has been achieved in the Portal, and the issuance of recommendations to improve its performance. The second phase of study consisted of specifying the steps to implement the transfer of the Portal’s development services from the UNDP to the Arab Monetary Fund, and the projected transfer costs. The study was completed in September 2020, and its recommendations are currently under implementation.
The Arab Electrical Interconnection Grid Code Study Utilizing the proceeds of the grant allocated by the Arab Fund to participate in the financing of the World Bank’s initiative for the Pan-Arab Regional Energy Trade Program, the Arab Fund financed and carried out the Arab Electrical Interconnection Grid Code Study, which was completed in May 2020. Along with the General Agreement and the Arab Electrical Market Agreement, the Arab Grid Code constitutes the key governance documents for the Arab electricity market. The Arab Grid Code includes the general conditions, the glossary and definitions, the planning codes, the connection codes, the operation codes, the scheduling and dispatching codes, the metering codes and the data exchange codes. The study’s final report was presented to the Electric Power Experts’ Committee of the General Secretariat of the League of Arab States, in preparation to present it to the Executive Office of the Arab Ministerial Council for Electricity.
Annual Report 2020 27 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 continued its annual participation in the preparation of this report, in collaboration with the General Secretariat of the League of Arab States, the Arab Monetary Fund and the Organization of the Arab Petroleum Exporting Countries (OAPEC). The Arab Fund prepared the chapters of the report on economic and social development, the agriculture and water sector, the industrial sector and Arab developmental aid. The Arab Fund also prepared the theme chapter for this year’s report, titled “The Digital Economy and Supporting its Role in Arab Development”, which is prepared on a rotating basis with the other participating institutions.
Arab Spring Development Initiative The activities of the Arab Spring Development Initiative (ASDI) continued during 2020. The initiative was launched in 2014, as a partnership between the Arab Fund and the World Bank. The initiative aims to promote discussion of pressing development issues in Arab countries, generate new insights for researchers and decision makers, and support the existing cooperation between the two institutions. Within this framework, the initiative seeks to support the developmental efforts of the countries that are facing political and economic transitions in the Arab region, through the provision of information and knowledge to the decision makers in those countries on the pressing issues.
ASDI focuses on three main areas of activity, which are: open access to data and survey-based research and their harmonization and wide dissemination, implementation and publication of policy-relevant research in relation to the political and economic transformation in the Arab countries, and the 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. ASDI is being supervised by the Economic Research Forum (ERF). The Arab Fund, along with the World Bank, contributed to the financing of all the phases of implementation since the launch of the initiative, whereas 2020 is the last year of this initiative’s implementation. The implemented activities and 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 continued its support to the activities of Arab and regional institutions which promote Arab development, directly or indirectly, especially in the areas of capacity building of cadres and increasing their scientific and applied capabilities, studies and research, or conducting seminars and conferences, in addition to supporting the capabilities of these institutions in achieving their objectives. For example, the Arab Fund provided several grants to support the activities and programs of the International Center for Agricultural Research in the Dry Areas (ICARDA) amounting to 63 grants for a total amount of about KD 21.1 million. In addition, the total number of grants provided to the Economic Research Forum reached 47 for a total amount of about KD 7.4 million. The Arab Fund also supported numerous other Arab organizations such as the Gulf Arab States Educational Research Center, and scientific and research institutions.
28 Annual Report 2020 Fourth: Financial Statements for the Financial Year Ended at 31 December 2020
I. Financial Position Assets: The value of Arab Fund Assets increased in 2020 by KD 94 million, or 2%, compared to 2019, reaching KD 3,924 million. This increase was mainly in Loans as shown in the below schedule:
2020 2019 Variation Assets KD KD KD % % Million Million Million Cash & Cash Equivalents 15 0% 31 1% (16)
Investments 612 16% 666 17% (54)
Share in the Capital of Related 49 1% 49 1% 0 Institutions
Investment in an Associate 81 2% 80 2% 1
Loans 3,110 79% 2,973 78% 137
Others Assets 57 2% 31 1% 26
Total 3,924 100% 3,830 100% 94
2%
Liabilities: The value of Liabilities increased in 2020 by KD 9.5 million, or 15%, compared to 2019, reaching KD 70.8 million. This increase was mainly in Other Liabilities as shown in the below schedule:
2020 2019 Variation Liabilities KD KD KD % % Million Million Million
Grants 29.3 41% 26.2 43% 3.1
Provision for Pension Fund 13.9 20% 14.1 23% (0.2)
Other Liabilities 27.6 39% 21.0 34% 6.6
Total 70.8 100% 61.3 100% 9.5
15%
Annual Report 2020 29 Members’ Equity: The value of Members’ Equity increased in 2020 by KD 84 million, or 2%, compared to 2019, reaching KD 3,853 million. This increase was mainly in Additional Reserves as shown in the below schedule:
2020 2019 Variation Members’ Equity KD % KD % KD Million Million Million Share Capital 2,901 76% 2,901 77% 0
General Reserve 312 8% 301 8% 11
Additional Reserve 624 16% 555 15% 69
Other Reserves 16 0% 12 0% 4
Total 3,853 100% 3,769 100% 84 2%
II. Income & Expenditures Income:
The total Income decreased in 2020 by KD (41.7) million, compared to 2019, reaching KD 134.5 million as shown in the below schedule:
2020 2019 Variation Income KD % KD % KD Million Million Million Interest Income from Loans 61.0 46% 87.5 50% )26.5(
Net Investment Income 71.9 53% 86.3 49% )14.4(
Share of Result from an Associate 1.6 1% 2.5 1% )0.9(
Net Operating Expenses 0.0 0% )0.1( 0% 0.1
Total 134.5 100% 176.2 100% )41.7( )23.7(%
Expenditures:
The total Administrative Expenses decreased in 2020 by KD (1.3) million, compared to 2019, reaching KD 7.4 million as shown in the below schedule:
2020 2019 Variation Expenditures KD % KD % KD Million Million Million Salaries & Staff Provisions 6.4 86% 7.2 83% )0.8(
Other Expenses 1.0 14% 1.5 17% )0.5(
Total 7.4 100% 8.7 100% )1.3( )14.9(%
30 Annual Report 2020 Net Profit:
The Net Profit decreased in 2020 by KD (47.4) million, compared to 2019, reaching KD 113.2 million as shown in the below schedule:
2020 2019 Variation Net Profit KD % KD % KD Million Million Million
Net Profit before Provisions 127.1 112% 167.5 104% )40.4(
Provision for Loans / Investments )13.9( )12(% )6.9( )4(% )7.0( – Private Sector
Net Profit of the Year 113.2 100% 160.6 %100 )47.4(
)29.5(%
III. Cash Flows
Shown below is a schedule summarizing the main Cash Flows:
KD Million Cash Flows 2020 2019
Net Change in Investments at Fair Value through the Statement of Income 119.5 16.4
Loans Withdrawals )213.6( )246.2(
Loans Payments 72.6 131.6
Grants Withdrawals )10.3( )6.9(
Interest Received 35.0 84.7
Capital Paid 0.0 1.0
IV. Financial Indicators of Arab Fund Performance
2020 2019 Financial Ratios % %
Net Profit of the Year / Assets - ROA 2.9% 4.2%
Net Profit of the Year / Members’ Equity - ROE 2.9% 4.3%
Expenditures/ Income 5.5% 4.9%
Loans / Assets 79.3% 77.6%
Loans / Members’ Equity 80.7% 78.9%
Annual Report 2020 31 Arab Fund for Economic and Social Development Statement of Financial Position As at 31 December 2020 (KD 000)
2020 2019
Assets Cash and cash equivalents 15,024 31,040 Investments 612,074 665,543 Share in the capital of related institutions 49,324 49,304 Investment in an associate 80,624 80,380 Loans 3,110,056 2,973,208 Receivables from participants in the building 4,602 4,948 Other assets 52,121 25,782 Total assets 3,923,825 3,830,205
Liabilities and members’ equity Grants 29,308 26,215 Provision for pension fund 13,905 14,113 Other liabilities 27,625 20,928 Total liabilities 70,838 61,256
Members’ equity Share capital 2,901,096 2,901,096 General reserve 311,901 300,584 Additional reserve 624,006 554,526 Grants reserve 11,217 8,286 Change in fair value reserve 4,767 4,457 Total members’ equity 3,852,987 3,768,949
Total liabilities and members’ equity 3,923,825 3,830,205
32 Annual Report 2020 Arab Fund for Economic and Social Development Statement of Comprehensive Income For the year ended 31 December 2020 (KD 000)
2020 2019
Income
Interest income from loans 60,990 87,543
Net investments income 71,792 84,852
Interest income from time deposits and call accounts 101 1,420
Share of results from an associate 1,608 2,495
Net operating income / (expenses) 7 )69(
Total income 134,498 176,241
Administrative expenses
Salaries and staff provisions 6,452 7,217
Other expenses 958 1,539
Total administrative expenses 7,410 8,756
Net profit before provisions 127,088 167,485
Provision for impairment of investment contributions – )9,800( - private sector Provision for loans – private sector )4,119( )6,851(
Net profit for the year 113,169 160,634
Other comprehensive income
Net change in fair value for available for sale investments 310 712
Other comprehensive income for the year 310 712
Total comprehensive income for the year 113,479 161,346
Annual Report 2020 33 Arab Fund for Economic and Social Development Statement of Changes in Members’ Equity For the year ended 31 December 2020 (KD 000)
Change in Share General Additional Grants Retained Fair Value Total Capital Reserve Reserve Reserve Earnings Reserve
Balance at 1 January 2020 2,901,096 300,584 554,526 8,286 4,457 0 3,768,949
Profit for the year 0 0 0 0 0 113,169 113,169
Other comprehensive income 0 0 0 0 310 0 310 for the year
Total comprehensive income 0 0 0 0 310 113,169 113,479 for the year
Transfer to support people of 0 0 )16,064( 0 0 0 )16,064( Palestine
Transfer to grants reserve 0 0 0 5,658 0 )5,658( 0
Transfer to general reserve 0 11,317 0 0 0 )11,317( 0
Transfer to additional reserve 0 0 96,194 0 0 )96,194( 0
Grants approved 0 0 )10,650( )4,990( 0 0 )15,640(
Grants cancelled and 0 0 0 2,263 0 0 2,263 transferred
At 31 December 2020 2,901,096 311,901 624,006 11,217 4,767 0 3,852,987
Balance at 1 January 2019 2,900,078 284,521 426,111 2,795 3,745 0 3,617,250
Profit for the year 0 0 0 0 0 160,634 160,634
Other comprehensive income 0 0 0 0 712 0 712 for the year
Total comprehensive income 0 0 0 0 712 160,634 161,346 for the year
Payment of share capital 1,018 0 0 0 0 0 1,018
Transfer to support people of 0 0 )4,914( 0 0 0 )4,914( Palestine
Transfer to grants reserve 0 0 0 8,032 0 )8,032( 0
Transfer to general reserve 0 16,063 0 0 0 )16,063( 0
Transfer to additional reserve 0 0 136,539 0 0 )136,539( 0
Grants approved 0 0 )3,210( )3,538( 0 0 )6,748(
Grants cancelled and 0 0 0 997 0 0 997 transferred
At 31 December 2019 2,901,096 300,584 554,526 8,286 4,457 0 3,768,949
34 Annual Report 2020 Arab Fund for Economic and Social Development Statement of Cash Flows For the year ended 31 December 2020 (KD 000)
2020 2019
Operating activities
Net Profit for the year 113,169 160,634
Adjustments for:
Interest income from loans )60,990( )87,543(
Gain on investments at fair value through the statement of income )77,064( )89,344(
Interest income from time deposits and call accounts )101( )1,420(
Share of results from an associate )1,608( )2,495(
Provision for impairment of investment contributions – private sector 9,800 0
Provision for loans – the private sector 4,119 6,851
Provision for employees’ benefits 1,467 1,508
)11,208( )11,809(
Change in operating assets and liabilities
Net change in investments at fair value through statement of income 119,508 16,354
Drawdowns of loans )213,562( )246,235(
Payments of loans 72,595 131,630
Drawdowns of grants )10,284( )6,922(
Receivables from participants in the building 346 346
Other assets )221( 184
Other liabilities )9,367( )15,369(
Cash flows used in operations )52,193( )131,821(
Interests received 34,973 84,695
Provision for employees’ pension paid )1,675( )2,660(
Net cash flows used in operating activities )18,895( )49,786(
Investing activities
Net changes in other investments 1,441 5,742
Dividends received from an associate 1,438 1,215
Net cash flows generated from investing activities 2,879 6,957
Financing activities
Injection of share capital 0 1,018
Net cash flows generated from financing activities 0 1,018
Decrease in cash and cash equivalents )16,016( )41,811(
Cash and cash equivalents at beginning of the year 31,040 72,851
Cash and cash equivalents at end of the year 15,024 31,040
Annual Report 2020 35 Arab Fund for Economic and Social Development Independent Regional Arab Financial Organization - Kuwait Significant Accounting Policies
a) Statement of compliance The financial statements of the Fund are prepared in compliance with accounting policies set out below and the Convention on the establishment of the Fund.
b) Basis of measurement The financial statements are prepared on a fair value basis for financial assets and liabilities, except those with no available and reliable measure of fair value. Other financial assets and liabilities and non-financial assets and liabilities are carried at amortized cost or historical cost. The accounting policies followed by the Fund are agreeing accordingly with the same policies followed in the previous year.
c) Investments Financial assets are classified as financial 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 appropriate. The Fund determines the classification of its financial assets in principle upon initial recognition. Investments are designated at fair value through statement of income if they are managed, and their performance is evaluated on reliable fair value basis. Investment assets at fair value through statement of income are carried in the statement of financial position at fair value with changes in fair value recognized in the statement of comprehensive income. Equity investments designated as available for sale are those which are neither classified as held for trading nor designated at fair value through statement of income. Investments available for sale are subsequently measured at fair value with unrealized gains or losses recognized in other comprehensive income. Until the investment is derecognized, at which time the cumulative gains or losses are recognized in the statement of comprehensive income.
d) Loans Loans are stated at the amortized cost less provision for impairment. No impairment provisions are accounted for loans granted to the public sector as these are considered sovereign loans guaranteed for payment by consecutive governments of the member states. The impairment provision for loans granted to the private sector are estimated if their collection is no longer probable; and recorded at the statement of comprehensive income.
e) Impairment An assessment is made by the Fund at each reporting date of the financial statements to determine whether there is an indication that an asset is impaired. All impairment losses are recognized in the statement of comprehensive income.
36 Annual Report 2020 f) Investment in an associate The investment in the associated entity is equity accounted. The Fund’s share of the profit or loss shall be recognized on the basis of the Fund’s ownership in the total equity. g) Fixed assets Fixed assets are not capitalized but rather are directly recorded in statement of comprehensive income in the year of purchase. h) Provision for pension fund Provision for the Fund’s obligation towards employees’ pension is determined based on contributions paid by the employees and the Fund, in addition to a return of 7% p.a. guaranteed by the Fund. i) Foreign Currencies Foreign currency transactions are translated to the Fund’s functional currency according to the exchange rates at the date of these transactions. Monetary assets and liabilities in foreign currencies are re-translated to the Fund’s functional currency at the reporting date of the financial statements according to the exchange rates at that date. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. Differences of foreign currencies arising from the re-translation are recognized within the statement of comprehensive income, excluding differences arising from re-translation of equity instruments available for sale and investment in an associate which are recognized within other comprehensive income. j) Cash and cash equivalents Cash comprises of current accounts with banks. Cash equivalents comprise 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 represents the price that exactly discounts the cash flows along the expected life of the financial asset or a shorter period where appropriate, to the net carried amount of the financial asset. • Interests and commissions on loans to countries with unpaid past due interest for over three months are excluded from profit or loss and only recorded as income when received. • Interest income from time deposits and call accounts is recognized on a time proportion basis. • Fee and commission income is recognized when earned. • Dividend income is recognized when the right to receive payment is established.
Annual Report 2020 37
ANNEXES
Annual Report 2020 39
Annex 1
Project Sheets for Loans Extended During the Year 2020
Annual Report 2020 41 ANNEX 1 PROJECT 1 of 14
Sultanate of Oman Reinforcement of Desalinated Water Transmission Lines in Ash Sharqiyah Governorates (Supplementary Loan)
Loan No.: 673 Interest Rate: 2.5% Public Authority for Beneficiary: Grace Period: 4 years Water Project Cost: KD 106.3 million Maturity: 30 years Amount of 53 semi-annual KD 25.0 million Repayment: Loan: installments Date of Board 17/02/2020 Approval: First 4 years following the Date of Loan Installment: first disbursement 06/10/2020 Effectiveness:
Objectives: The project aims at reducing the current drinking water deficit and meeting the increasing future water needs in Ash Sharqiya 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. The project will provide drinking water to the states of North Ash Sharqiya Governorate, most of which lack water distribution networks, and whose residents resort to water carriers to obtain their needs. The project will also provide water for a number of industrial and tourism projects, as well as public facilities in the project area.
Description: The project, which is expected to be completed by the end of 2022, consists of the laying of main pipelines and secondary 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, assist in bid evaluation, and supervision of implementation. The project includes the following main components:
1. Reinforcement of Desalinated Water Transmission Lines Facilities: This includes all the project’s works, which consists of the laying of main pipelines and secondary pipelines with a total length of about 310 km, and diameters between 300 and 1,300 mm, and the construction of about 4 new water pumping stations consisting of units with capacities ranging between about 840 and 6,670 m3/hour, as well as increasing the capacity of 3 existing pumping stations to include units with capacities ranging between about 110 and 2,140 m3/hour each. The works also include the construction of about 6 water tanks
42 Annual Report 2020 ANNEX 1 PROJECT 1 of 14 CONTD.
for balancing, each with capacities ranging between 10,000 and 80,000 m3, and about 11 water tanks for the distribution of water, each with capacities ranging between about 1,300 and 11,000 m3, as well as the construction of a station to sterilize the water at the Al Ashkara station, the provision and installation of the equipment and supplies necessary to protect and operate the transmission lines and pumping stations, in addition to providing the pumping stations with electricity and modifying and expanding the existing monitoring and controls system to include all the facilities that will be constructed.
2. Technical Services: This component includes the necessary consultancy services to prepare the project’s preliminary studies, designs and tender documents, and assist in call for tenders and bid evaluation, as well as supervision of the project implementation, and the conduct of any additional studies necessary to achieve the project goals.
Financing: The two Arab Fund loans, the first No. 649/2017 and the supplementary, cover about 80% of the total project cost. The Omani government will cover the remaining cost of the project and any additional project cost that may arise.
Annual Report 2020 43 ANNEX 1 PROJECT 2 of 14
Hashemite Kingdom of Jordan Wastewater Facilities in Al Junaid and North Jerash
Loan No.: 674 Interest Rate: 2.5%
Beneficiary: Water Authority Grace Period: 7 years
Project Cost: KD 20.0 million Maturity: 30 years Amount of 47 semi-annual KD 12.0 million Repayment: Loan: installments Date of Board 17/02/2020 Approval: First 7 years following the Date of Loan Installment: first disbursement 21/09/2020 Effectiveness:
Objectives: The project aims at eliminating the environmental problems caused by the use of septic tanks by inhabitants of the villages in the Al Junaid area in Ajloun governorate and a number of villages north of Jerash governorate, through the construction of the necessary wastewater facilities, with capacities to meet the population increase and the growing urbanization of these villages up to 2045. The project will contribute to the improvement of the health and environmental conditions of the inhabitants, and will allow for protection from pollution of the springs and groundwater, which are currently used to supply most areas of Ajloun governorate with drinking water. The project will also allow for the use of treated wastewater for restricted agriculture in the vicinity of the treatment plant.
Description: The project, which is expected to be completed by the end of 2024, comprises the construction of main, secondary and branch pipelines, including manholes and household connections, as well as the construction of water pumping stations, and a plant to treat wastewater and allow its reuse for agriculture. The project also comprises the provision of the necessary technical services to prepare the studies, detailed designs and tender documents, and work supervision. The project includes the following main components:
1. Construction of Wastewater Facilities: This includes the construction of networks to collect and transport the wastewater from the villages of Ras Munif, Sakhra, Ebbin, Ebillin, Kufr Khall and Balila. The networks comprise main, secondary and branch pipelines with a total length of about 200 km, and diameters ranging between about 150 and 500 mm, including manholes and household connections. This also includes the construction of a wastewater pumping station in Ras Munif with a capacity of about 25 m3/hour and a head of about 70 m, through a pipeline with a length of about 1.4 km and a diameter of about 100 mm. This component also includes the construction of a wastewater treatment plant, next to the existing Wadi Hassan plant, with a capacity of about 10 thousand m3/ day, supplied by the wastewater collected from a pumping station with a capacity of about 720 m3/hour and a head of about 50 m, through a pipeline with a length of about 2.2 km and a diameter of about 400 mm. The works of the treatment plant include the installation
44 Annual Report 2020 ANNEX 1 PROJECT 2 of 14 CONTD.
of filters for the collection of floating solid material, sedimentation tanks, sand filters and treated water disinfection facilities, in addition to sludge drying facilities. The pumping stations and treatment plant works include all the civil, mechanical, hydromechanical and electrical works, and the control and operating systems.
2. Technical Services: This component includes the necessary consultancy services to prepare the project’s studies, designs and tender documents, and assistance in the tendering process and bid evaluation, as well as supervision of the project implementation, and the conduct of any additional studies necessary to achieve the project goals.
Financing: The Arab Fund’s loan covers 60% of the total project cost. The Jordanian government will cover any additional project cost that may arise.
Annual Report 2020 45 ANNEX 1 PROJECT 3 of 14
Sultanate of Oman Fishing Port in Wilayat Daba in the Governorate of Musandam
Loan No.: 675 Interest Rate: 2.5% Ministry of Agriculture Beneficiary: Grace Period: 5 years and Fisheries Project Cost: KD 34.4 million Maturity: 30 years Amount of 51 semi-annual KD 27.0 million Repayment: Loan: installments Date of Board 20/04/2020 Approval: First 5 years following the Date of Loan Installment: first disbursement 06/10/2020 Effectiveness:
Objectives: The project aims at developing the marine fishing activities and increasing the efficiency of the exploitation of the fish resources in the governorate of Musandam in order to meet the local demand in the Sultanate of Oman and increase the export rate of fish and other marine animals. In addition, the project will contribute to supporting the economic and social development in the governorate through the development and expansion of the current fishing port in Wilayat Daba in the governorate. Description: The project, which is expected to be completed by the middle of 2023, includes the implementation of the infrastructure works related to the development and expansion of the port, buildings and public utilities, the necessary facilities and equipment to operate and utilize the port, in addition to the necessary consultancy services to supervise the implementation of the project works. The project includes the following main components:
1. Works Implementation: This includes the implementation of all the necessary infrastructure works to develop and expand the current fishing port, which includes the marine drilling works to deepen the port basin, the entrance channel, the filling behind the berth, the construction of breakwaters with a total length of about 1,700 m, fixed berths with a total length of about 1,000 m, boat ramps and 6 floating berths, and buildings and public utilities, in addition to the provision of necessary facilities and equipment to operate and utilize the port.
2. Consultancy Services: This includes the provision of the necessary consultancy services to assist the Ministry of Agriculture and Fisheries in supervising the implementation of the project and technical monitoring of the works, in addition to the preparation of any complementary studies required for the implementation of the project.
Financing: The Arab Fund’s loan covers 79% of the total project cost. The Omani government will cover the remaining cost of the project and any additional project cost that may arise.
46 Annual Report 2020 ANNEX 1 PROJECT 4 of 14
Republic of Djibouti Damerjog Power Plant and Transmission Network Expansion and Development Project (Phase I)
Loan No.: 676 Interest Rate: 2.0%
Beneficiary: Electricité De Djibouti Grace Period: 7 years
Project Cost: KD 49.1 million Maturity: 30 years Amount of 47 semi-annual KD 30.0 million Repayment: Loan: installments Date of Board 20/04/2020 Approval: First 7 years following the Date of Loan Installment: first disbursement - Effectiveness:
Objectives: The project aims at satisfying the increasing demand for electric power and energy in the City of Djibouti by constructing the first phase of a new 50 MW power station at Damerjog, which runs on natural gas and heavy fuel oil, and expanding and developing the 230 kV and 63 kV transmission networks by adding two new substations, expanding two existing substations and constructing aerial power lines and laying power cables.
Description: The project, which is expected to be completed by the end of 2023, includes the construction of a dual fuel diesel power generating station and associated works and accessories, the expansion and development of the transmission network, the measurement, protection, control, and communication systems, and consulting services. The project includes the following main components:
1. Damerjog Power Generating Station: This includes the construction of Phase I of a diesel powered generating station with installed capacity of 50 MW which operates on natural gas and heavy fuel oil, and all civil, mechanical and electrical works for the project’s Phases I and II.
2. Expansion and Development of the Transmission Network: This includes the construction of two new substations, the expansion and development of two existing substations, the installation of aerial power lines, and the laying of power cables, in addition to civil and electrical works and accessories. This includes the following components:
a. Nagad Substation: This includes the procurement and installation of equipment and the construction of a new 100 MVA air-insulated substation operating on 230/63/20 kV, as well as civil and electrical works, and systems for measurement, protection, control, and communications, and their accessories.
b. Damerjog Substation: This includes the procurement and installation of equipment and the construction of a new 100 MVA air-insulated substation operating on 230/63/20 kV,
Annual Report 2020 47 ANNEX 1 PROJECT 4 of 14 CONTD.
as well as civil and electrical works, and systems for measurement, protection, control and communications, and their accessories.
c. Boulaos Substation: Expansion of the existing 63/20 kV substation, and the development of the measurement, protection, control and communications systems.
d. Palmeraie Substation: Expansion of the existing 63/20 kV substation, and the development of the measurement, protection, control and communications systems.
e. Aerial Lines: Procurement and construction of 230 kV double circuit aerial lines to connect the Damerjog substation to the two substations at Nagad, and Nagad Train Station.
f. Underground Cables: Procurement and laying of 63 kV underground power cables between the Nagad substation and the substations at Boulaos and Palmeraie.
3. Consulting Services: This includes consulting services needed to review and complete the project’s specifications and design, tender documents development and bids evaluation, assistance during contracts negotiations, supervision of the project’s implementation, participation in factory tests, and follow-up of operation performance and maintenance work during the guarantee period.
Financing: The Arab Fund’s loan covers about 61% of the total project cost. It is expected that the Saudi Fund for Development and the Kuwaiti Fund for Arab Economic Development will contribute to the financing of the project with loans equivalent to about KD 19.1 million (about 39%). The government of Djibouti will cover the remaining cost of the project and any additional cost that may arise.
48 Annual Report 2020 ANNEX 1 PROJECT 5 of 14
Republic of Tunisia Emergency Program to Ward Off the Effects of the Corona Pandemic
Loan No.: 677 Interest Rate: 2.0% Ministry of Economy, Beneficiary: Finance and Grace Period: 7 years Investment Support Project Cost: KD 30.0 million Maturity: 30 years Amount of 47 semi-annual KD 30.0 million Repayment: Loan: installments Date of Board 27/04/2020 Approval: First 7 years following the Date of Loan Installment: first disbursement 22/09/2020 Effectiveness:
Objectives: The program aims at contributing to the efforts to ward off the effects of the Corona pandemic in Tunisia, and the resulting negative repercussions in various sectors.
Description: The program includes the provision of equipment, supplies, services for testing and treatment, as well as medicines and necessary goods. In addition to the provision of necessary support to institutions, companies, individuals and affected groups, and other necessary materials and services to reduce the negative effects of the Corona pandemic, as well as complete and support important projects and activities that will contribute to the compensation of the damage that the Tunisian economy is facing during this critical stage.
Financing: The Arab Fund’s loan will fully cover the cost of various components of the Emergency Program.
Annual Report 2020 49 ANNEX 1 PROJECT 6 of 14
Islamic Republic of Mauritania Emergency Program to Ward Off the Effects of the Corona Pandemic
Loan No.: 678 Interest Rate: 2.0% Ministry of Economy Beneficiary: Grace Period: 8 years and Industry Project Cost: KD 15.0 million Maturity: 30 years Amount of 45 semi-annual KD 15.0 million Repayment: Loan: installments Date of Board 27/04/2020 Approval: First 8 years following the Date of Loan Installment: first disbursement 06/10/2020 Effectiveness:
Objectives: The program aims at contributing to the efforts to ward off the effects of the Corona pandemic in Mauritania, and the resulting negative repercussions in various sectors.
Description: The program includes the provision of equipment, supplies, services for testing and treatment, as well as medicines and necessary goods. In addition to the provision of necessary support to institutions, companies, individuals and affected groups, and other necessary materials and services to reduce the negative effects of the Corona pandemic, as well as complete and support important projects and activities that will contribute to the compensation of the damage that the Mauritanian economy is facing during this critical stage.
Financing: The Arab Fund’s loan will fully cover the cost of various components of the Emergency Program.
50 Annual Report 2020 ANNEX 1 PROJECT 7 of 14
Hashemite Kingdom of Jordan Emergency Program to Ward Off the Effects of the Corona Pandemic
Loan No.: 679 Interest Rate: 2.0% Ministry of Planning Beneficiary: and International Grace Period: 7 years Cooperation Project Cost: KD 30.0 million Maturity: 30 years Amount of 47 semi-annual KD 30.0 million Repayment: Loan: instalments Date of Board 27/04/2020 Approval: First 7 years following the Date of Loan Installment: first disbursement 04/10/2020 Effectiveness:
Objectives: The program aims at contributing to the efforts to ward off the effects of the Corona pandemic in Jordan, and the resulting negative repercussions in various sectors.
Description: The program includes the provision of equipment, supplies, services for testing and treatment, as well as medicines and necessary goods. In addition to the provision of necessary support to institutions, companies, individuals and affected groups, and other necessary materials and services to reduce the negative effects of the Corona pandemic, as well as complete and support important projects and activities that will contribute to the compensation of the damage that the Jordanian economy is facing during this critical stage.
Financing: The Arab Fund’s loan will fully cover the cost of various components of the Emergency Program.
Annual Report 2020 51 ANNEX 1 PROJECT 8 of 14
Kingdom of Morocco Emergency Program to Ward Off the Effects of the Corona Pandemic
Loan No.: 680 Interest Rate: 2.0% Ministry of Economy, Beneficiary: Finance and Grace Period: 7 years Adminitration Reform Project Cost: KD 45.0 million Maturity: 30 years Amount of 47 semi-annual KD 45.0 million Repayment: Loan: installments Date of Board 08/05/2020 Approval: First 7 years following the Date of Loan Installment: first disbursement 30/06/2020 Effectiveness:
Objectives: The program aims at contributing to the efforts to ward off the effects of the Corona pandemic in Morocco, and the resulting negative repercussions in various sectors.
Description: The program includes the provision of equipment, supplies, services for testing and treatment, as well as medicines and necessary goods. In addition to the provision of necessary support to institutions, companies, individuals and affected groups, and other necessary materials and services to reduce the negative effects of the Corona pandemic, as well as complete and support important projects and activities that will contribute to the compensation of the damage that the Moroccan economy is facing during this critical stage.
Financing: The Arab Fund’s loan will fully cover the cost of various components of the Emergency Program.
52 Annual Report 2020 ANNEX 1 PROJECT 9 of 14
Sultanate of Oman Emergency Program to Ward Off the Effects of the Corona Pandemic
Loan No.: 681 Interest Rate: 2.0%
Beneficiary: Ministry of Finance Grace Period: 7 years
Project Cost: KD 45.0 million Maturity: 30 years Amount of 47 semi-annual KD 45.0 million Repayment: Loan: installments Date of Board 08/06/2020 Approval: First 7 years following the Date of Loan Installment: first disbursement 20/09/2020 Effectiveness:
Objectives: The program aims at contributing to the efforts to ward off the effects of the Corona pandemic in Oman, and the resulting negative repercussions in various sectors.
Description: The program includes the provision of equipment, supplies, services for testing and treatment, as well as medicines and necessary goods. In addition to the provision of necessary support to institutions, companies, individuals and affected groups, and other necessary materials and services to reduce the negative effects of the Corona pandemic, as well as complete and support important projects and activities that will contribute to the compensation of the damage that the Omani economy is facing during this critical stage.
Financing: The Arab Fund’s loan will fully cover the cost of various components of the Emergency Program.
Annual Report 2020 53 ANNEX 1 PROJECT 10 of 14
Sultanate of Oman Desalinated Water Transmission Lines from Al Ghubrah to Al Seeb and from Barka to Ad Dakhiliyah Governorate (Supplementary Loan)
Loan No.: 682 Interest Rate: 2.5% Public Authority for Beneficiary: Grace Period: 4 years Water Project Cost: KD 152.4 million Maturity: 30 years Amount of 53 semi-annual KD 30.0 million Repayment: Loan: installments Date of Board 09/08/2020 Approval: First 4 years following the Date of Loan Installment: first disbursement - Effectiveness:
Objectives: The project aims at facing the current deficit in meeting the demand for drinking water, and the increasing future needs in the west of Muscat governorate and Ad Dakhiliyah governorate. This will be achieved through the laying of a transmission line to transfer part of the desalinated water from the Al Ghubrah desalination plant to the provinces of Bawshar and Al Seeb in Muscat governorate, and the laying of a transmission line, as well as the reinforcement of the existing transmission line, to transfer water which will be provided by the expansion of the Barka desalination plant to all the provinces in Ad Dakhiliyah governorate. The project will also provide water for a number of industrial and tourism projects as well as public facilities that are existing or under construction. In addition, the project will mainstream the residents’ connection to the water networks and improve their living conditions.
Description: The project, which is expected to be completed by the middle of 2023, includes the following main components:
1. Water Distribution Line from Al Ghubrah Pumping Station to Al Seeb: This includes the laying of a main pipeline with a length of about 30 km and a diameter of about 1,600 mm, and secondary pipelines, as well as the necessary connections to link the new pipelines with the existing one and supply the existing reservoirs and pumping stations with water. In addition, this component includes the modification of the current monitoring and control system to incorporate the new pipeline and the facilities and equipment that will be established through this project.
2. Water Distribution Line from Barka Pumping Station to Ad Dakhiliyah Governorate: This includes the urgent works to reduce the deficit in meeting the demand for water in Ad Dakhiliyah governorate in the short term through the reinforcement of current transmission facilities, and the execution of the necessary works to meet the future demand for water through the laying of new pipelines from Barka pumping station to Ad Dakhiliyah governorate.
54 Annual Report 2020 ANNEX 1 PROJECT 10 of 14 CONTD.
a. Urgent Works: This includes the laying of pipelines with a length of about 14 km and diameter of about 1,400 mm, raising the capacity of four existing water pumping stations, improving some of the facilities related with the pumping stations, supporting the water hammer protection systems, and modernizing the monitoring and control system in the operation of the stations.
b. Water Distribution Line to Ad Dakhiliyah Governorate: This includes the laying of pipelines with a length of about 185 km and diameters ranging between about 400 and 1,600 mm, the construction of a balancing reservoir with a capacity of about 350 thousand m3, five reservoirs to regulate water with capacities ranging between about 4 and 20 thousand m3, and the construction of about five water pumping stations with capacities ranging between about 2,100 and 12,400 m3/hour each, and providing them with electricity, as well as all the civil, hydromechanical and electrical works they require, and the provision of a complete system to control and monitor the transfer line including the stations and reservoirs.
3. Technical Services: This component includes the necessary consultancy services to prepare the project’s studies, designs and tender documents, and assist in calls for tenders and bid evaluations, as well as supervision of the project implementation, and the conduct of any additional studies necessary to achieve the project’s goals.
Financing: The two Arab Fund loans, the first No. 639/2016 and the supplementary, cover about 60% of the total project cost. The Omani government will cover the remaining cost of the project and any additional project cost that may arise.
Annual Report 2020 55 ANNEX 1 PROJECT 11 of 14
Islamic Republic of Mauritania Supply of Drinking Water to the Region of Aftout Elcharghi (Supplementary Loan)
Loan No.: 683 Interest Rate: 2.0% National Water Beneficiary: Grace Period: 7 years Company Project Cost: KD 34.6 million Maturity: 31 years Amount of 49 semi-annual KD 7.0 million Repayment: Loan: installments Date of Board 09/08/2020 Approval: First 7 years following the Date of Loan Installment: first disbursement 31/12/2020 Effectiveness:
Objectives: The project aims at providing drinking water to residents of the region of Aftout Elcharghi located in the governorates of Alassaba, Gorgol and Brakna, by treating part of the water of Foum Gleita dam, and transferring it to the villages and communities in the project area. The project also aims at reducing the spread of diseases caused by consumption of contaminated water by the population, thereby contributing to the improvement of their living conditions, their health, and the environment.
Description: The project, which is expected to be completed by the end of 2022, includes the following main components:
1. Water Production Facilities and their Connection to Villages in Elcharghi Area: This includes the establishment of a water intake on the existing Foum Gleita dam, a water treatment plant with a capacity of about 5,000 m3/day, three reservoirs with capacities ranging between about 400 and 1,000 m3, two water pumping stations with capacities of about 60 m3/hour and about 260 m3/hour respectively, laying of pipelines with a length of about 168 km and diameters ranging between about 110 and 350 mm, installation of about 180 public taps, in addition to the preparation of detailed studies and tender documents, along with the supervision of the implementation of this component.
2. Water Transfer Facilities to the Villages in the Central and Northern Region: This includes the construction of three water pumping stations with capacities ranging between 50 and 270 m3/hour, the construction of two balancing ground reservoirs with capacities of about 500 m3 and 2,500 m3 respectively, the construction of about 25 upper reservoirs for water distribution with capacities ranging between about 25 and 150 m3, the laying of main and secondary pipelines with a total length of about 227 km and diameters ranging between about 63 and 400 mm, the installation of about 270 public taps and 1,500 home connections, in addition to the preparation of detailed studies and tender documents, and the supervision of the implementation of this component.
56 Annual Report 2020 ANNEX 1 PROJECT 11 of 14 CONTD.
3. Water Transfer Facilities to the Villages in the Western Region: This includes the construction of a water pumping station with a capacity of about 50 m3/hour, the construction of about 27 upper reservoirs to distribute water with capacities ranging between about 25 and 150 m3, the laying of main and secondary pipelines with a total length of about 510 km and diameters ranging between about 63 and 315 mm, the installation of about 350 public taps, in addition to the preparation of detailed studies and tender documents, and the supervision of the implementation of this component.
4. Additional Works: This includes the construction of a floating water pumping station from Foum Gleita dam with a capacity of about 420 m3/hour, the construction of a water treatment plant beside the existing station with a capacity of about 5,000 m3/day, the construction of a ground reservoir with a capacity of about 2,000 m3, the construction of about five upper reservoirs to distribute water each with a capacity of about 25 m3, the laying of pipelines to pump water with a total length of about 44 km and diameter of about 400 mm, the laying of pipelines to distribute water with a total length of about 60 km and diameters between about 63 and 90 mm, and the installation of about 50 public taps. The works includes the preparation of detailed studies and tender documents, and assistance during call for tenders and bid evaluation, as well as supervision of the implementation of this component, and provision of institutional support to the entity implementing the project
Financing: The two Arab Fund loans, the first No. 570/2011 and the supplementary, cover about 43% of the total project cost. The Islamic Development Bank contributed to financing the project with a loan equivalent to about KD 6.5 million (about 19%), the French Development Agency contributed with a loan equivalent to about KD 7.5 million (about 22%). The Mauritanian government will cover the remaining cost of the project and any additional project cost that may arise.
Annual Report 2020 57 ANNEX 1 PROJECT 12 of 14
Islamic Republic of Mauritania Strengthening the Supply of Drinking Water to the City of Nouadhibou from the Boulenoir Basin
Loan No.: 684 Interest Rate: 2.0% Ministry for Water Beneficiary: Grace Period: 7 years and Sanitation Project Cost: KD 27.1 million Maturity: 31 years Amount of 49 semi-annual KD 24.0 million Repayment: Loan: installments Date of Board 09/08/2020 Approval: First 7 years following the Date of Loan Installment: first disbursement 31/12/2020 Effectiveness:
Objectives: The project aims at covering the current deficit and meeting the demand for drinking water in the city of Nouadhibou and meeting the future needs of its residents up to 2036. It also aims at reducing the amount of water lost in the Nouadhibou water distribution networks and reducing the water waste by residents and farmers who install illegal connections on the existing water transmission line to the city of Nouadhibou.
Description: The project, which is expected to be completed by the end of 2024, includes the rehabilitation and drilling of underground wells and equipping them, the laying of main and secondary pipelines, the construction of a new water distribution network in the city of Nouadhibou which includes a reservoir and a pumping station, the rehabilitation of existing water distribution networks and pumping stations, the setting up of a monitoring and controlling system at the project facilities and operating it, and any additional works that may be necessary for the implementation of the project and achievement of its goals. The project also includes the provision of the necessary technical services to prepare the studies, designs and tender documents, assist in bid evaluation, and supervise project implementation, as well as the provision of institutional support to the project’s implementing entity and company. The project includes the following main components:
1. Rehabilitation and Strengthening of Water Facilities in Nouadhibou: This includes the rehabilitation of existing wells in the Boulenoir basin, the drilling of four wells to replace the damaged well and equipping them, the rehabilitation and strengthening of the water distribution networks in the city of Nouadhibou by laying about 33 km of pipelines with diameters ranging between about 100 and 400 mm, the detection and repairing of water leaks, the replacing of about 4,000 meters for subscribers, the construction of a reservoir with a capacity of about 500 m3, a water distribution network in the village of Boulenoir, the replacement of illegal connections on the Boulenoir well water collection pipelines and the water distribution pipelines with regulated water subscriptions fitted with water meters. The works also include the construction of about ten new wells and
58 Annual Report 2020 ANNEX 1 PROJECT 12 of 14 CONTD.
equipping them with submersible pumps with capacities of about 100 m3/hour and head of about 120 m, the laying of pipelines to collect well water with a length of about 16 km and diameters ranging between 150 and 400 mm, the construction of a reservoir and water distribution network in the village of Boulenoir, the laying of pipelines for water transmission with a length of about 85 km and diameters ranging between 400 and 800 mm, the construction of a reservoir with a capacity of about 5,000 m3, a pumping station with a capacity of about 1,600 m3/hour with a head of about 30 m, the rehabilitation of existing pumping stations, in addition to the setting up of a monitoring and control system at all the project facilities, as well as any additional works that may be necessary for the implementation of the project and achievement of its goals.
2. Technical Services: This includes the consultancy services necessary to prepare the project’s studies, designs and tender documents, assist in calls for tenders and bid evaluations, as well as supervision of the project implementation, and the conduct of any additional studies necessary to achieve the project’s goals.
3. Institutional Support: This includes the acquisition of some necessary equipment and supplies to manage the implementation and operation of the project. It also includes the provision of the necessary systems and programs to enhance the performance of the company and train its employees.
Financing: The Arab Fund’s loan covers 88% of the total project cost. The Mauritanian government will cover the remaining cost of the project and any additional project cost that may arise.
Annual Report 2020 59 ANNEX 1 PROJECT 13 of 14
Sultanate of Oman Development of the First Part of Road 32 in the Special Economic Zone of Duqm (Supplementary Loan)
Loan No.: 685 Interest Rate: 2.5% The Public Authority Beneficiary: for Special Economic Grace Period: 5 years Zone and Free Zone Project Cost: KD 139.0 million Maturity: 30 years Amount of 51 semi-annual KD 24.0 million Repayment: Loan: installments Date of Board 02/09/2020 Approval: First 5 years following the Date of Loan Installment: first disbursement - Effectiveness:
Objectives: The project aims at improving and developing land transportation services within the special economic zone of Duqm, and accommodating increasing traffic which will result from connecting the main developing 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. The project will contribute to improving the movement of goods between 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 2024, includes the development of the two parts of road 32 which lie within the economic zone of Duqm. The construction of the road, which has a total length of about 33.4 km, was divided into two parts:
a. Part One: consists of the construction of the southern part of the road, which has a length of about 19.6 km, which is financed by the original Arab Fund loan No. 646/2017 and this supplementary one. It consists of three-lane dual carriageways, with a total width of about 11.25 m each way, in addition to two-lane service roads on each side of the main road with a total length of about 23 km and a width of about 7.3 m. This part consists of the construction of several concrete bridges over 3 valleys; Wadi Dungart, Wadi Say and Wadi Al Jarf.
b. Part Two: consists of the construction of the northern part of the road, which has a length of about 13.8 km, which is financed by the Arab Fund loan No. 662/2019. It is planned that the same specifications and dimensions as those for southern part of the road will be used.
60 Annual Report 2020 ANNEX 1 PROJECT 13 of 14 CONTD.
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, 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.
2. Consultancy Services: This includes the consultancy services necessary for the preparation of studies, specifications, designs, detailed plans and bid documents, along with assistance in bid analysis and works supervision.
Financing: The two Arab Fund loans, the first No. 646/2017 and the supplementary, cover about 81% of the total project cost. The Omani government will cover the remaining cost of the project and any additional project cost that may arise.
Annual Report 2020 61 ANNEX 1 PROJECT 14 of 14
Hashemite Kingdom of Jordan Wastewater Facilities in Al Junaid and North Jerash (Supplementary Loan)
Loan No.: 686 Interest Rate: 2.5%
Beneficiary: Water Authority Grace Period: 7 years
Project Cost: KD 20.0 million Maturity: 30 years Amount of 47 semi-annual KD 8.0 million Repayment: Loan: installments Date of Board 02/09/2020 Approval: First 7 years following the Date of Loan Installment: first disbursement - Effectiveness:
Objectives: The project aims at eliminating the environmental problems resulting from the use of septic tanks by inhabitants of the villages in the Al Junaid area in Ajloun governorate and a number of villages north of Jerash governorate, through the construction of the necessary wastewater facilities, with capacities to meet the population increase and the growing urbanization of these villages up to 2045. The project will contribute to the improvement of the health and environmental conditions of the inhabitants, and will allow for protection from pollution of the springs and groundwater, which are currently used to supply most areas of Ajloun governorate with drinking water. The project will also allow for the use of treated wastewater for restricted agriculture in the vicinity of the treatment plant.
Description: The project, which is expected to be completed by the end of 2024, comprises the construction of main, secondary and branch pipelines, including manholes and household connections, as well as the construction of water pumping stations, and a plant to treat wastewater and allow its reuse for agriculture. The project also comprises the provision of the necessary technical services to prepare the studies, detailed designs and tender documents, and work supervision. The project includes the following main components:
1. Construction of Wastewater Facilities: This includes the construction of networks to collect and transport the wastewater from the villages of Ras Munif, Sakhra, Ebbin, Ebillin, Kufr Khall and Balila. The networks comprise main, secondary and branch pipelines with a total length of about 200 km, and diameters ranging between about 150 and 500 mm, including manholes and household connections. This also includes the construction of a wastewater pumping station in Ras Munif with a capacity of about 25 m3/hour and a head of about 70 m, through a pipeline with a length of about 1.4 km and a diameter of about 100 mm. This component also includes the construction of a wastewater treatment plant, next to the existing Wadi Hassan plant, with a capacity of about 10 thousand m3/day, supplied by the wastewater collected from a pumping
62 Annual Report 2020 ANNEX 1 PROJECT 14 of 14 CONTD.
station with a capacity of about 720 m3/hour and a head of about 50 m, through a pipeline with a length of about 2.2 km and a diameter of about 400 mm. The works of the treatment plant include the installation of filters for the collection of floating solid material, sedimentation tanks, sand filters and treated water disinfection facilities, in addition to sludge drying facilities. The pumping stations and treatment plant works include all the civil, mechanical, hydromechanical and electrical works, and the control and operating systems.
2. Technical Services: This component includes the necessary consultancy services to prepare the project’s studies, designs and tender documents, and assist in the tendering process and bid evaluation, as well as supervision of the project’s implementation, and the conduct of any additional studies necessary to achieve the project’s goals.
Financing: The two Arab Fund loans, the first No. 674/2020 and the supplementary, cover about 100% of the total project cost. The Jordanian government will cover the remaining cost of the project and any additional project cost that may arise.
Annual Report 2020 63 ANNEX 2 PAGE 1 of 2
Capital, Resources and Status of Loans and Grants 1972 - 2020 (KD Million)
Amount of Loans by Year Total Administrative Surplus Years Capital Income Board Approved Resources Expenses Income Signed Loans Loans 1972 15.4 16.0 0.6 0.1 0.5 - - 1973 21.7 22.7 1.0 0.6 0.4 - - 1974 36.0 38.7 2.9 0.8 2.1 37.1 37.1 1975 52.0 57.4 3.7 0.9 2.8 56.1 56.1 1976 99.6 108.5 5.9 1.5 4.4 98.2 98.2 1977 131.9 145.7 10.3 2.1 8.2 103.9 103.9 1978 164.9 186.2 11.3 2.2 9.1 - - 1979 202.7 225.8 14.7 2.0 12.7 26.2 19.4 1980 260.7 313.2 22.1 2.2 19.9 26.1 30.2 1981 317.5 393.3 26.8 2.1 24.7 56.8 40.5 1982 374.2 482.9 36.7 2.4 34.3 72.0 67.3 1983 450.1 598.4 40.2 3.2 37.0 76.4 91.1 1984 520.5 680.4 40.2 2.9 37.3 93.1 85.6 1985 581.1 797.4 61.0 3.2 57.8 81.1 53.3 1986 642.2 960.5 113.8 3.2 110.6 66.9 104.5 1987 644.2 1009.3 53.9 3.2 50.7 106.3 65.4 1988 644.3 1062.0 80.0 2.9 77.1 100.8 112.9 1989 663.0 1176.2 103.7 3.0 100.7 151.0 165.8 1990 663.0 1236.7 68.9 3.2 65.7 203.7 195.0 1991 663.0 1245.2 74.4 3.7 64.9 180.2 171.5 1992 663.0 1344.4 116.7 3.2 104.7 183.5 175.7 1993 663.0 1424.9 99.5 3.1 85.0 208.5 184.5 1994 663.0 1421.5 2.8 3.3 - 0.4 187.9 194.4 1995 663.0 1495.3 117.2 3.4 80.6 263.5 207.5 1996 663.0 1584.8 98.5 4.0 94.4 212.0 266.4 1997 663.0 1675.0 105.4 4.1 96.1 281.0 244.1 1998 663.0 1747.8 83.8 4.7 77.9 280.0 258.0 1999 663.0 1828.7 95.3 4.7 86.6 239.0 266.0 2000 663.0 1933.2 81.4 4.7 76.7 292.5 279.5 2001 663.0 1983.9 53.6 4.9 48.7 276.0 285.0 2002 663.0 2054.4 34.2 4.9 78.6 352.0 293.5 2003 663.0 2169.8 129.2 4.9 122.4 400.0 308.5 2004 663.0 2266.0 119.3 5.2 113.2 282.0 309.0 2005 663.0 2354.5 108.4 5.9 102.6 254.0 335.0 2006 663.0 2451.1 126.5 6.6 119.6 434.0 345.0 2007 663.0 2535.0 117.3 6.0 111.2 493.0 368.0 2008 2000.0 2513.4 6.0 6.7 - 0.9 301.0 367.0 2009 2000.0 2617.5 123.2 7.3 115.8 211.1 334.1 2010 2000.0 2669.7 95.4 6.9 89.3 410.1 361.1 2011 2000.0 2717.2 76.2 7.4 68.8 447.0 340.0 2012 2000.0 2808.6 112.0 8.4 103.6 275.0 379.0 2013 2500.0 2824.8 87.1 8.1 33.5 464.0 388.0 2014 2554.9 3051.8 92.8 8.3 84.4 340.3 413.3 2015 2660.3 3223.7 96.5 8.5 77.5 441.0 426.0 2016 2740.8 3333.5 82.1 8.5 59.2 351.0 445.0 2017 2820.7 3505.6 126.7 8.7 112.9 462.0 458.0 2018 2900.0 3617.3 61.4 8.4 49.1 414.0 393.0 2019 2901.1 3768.9 176.2 8.7 160.6 483.5 348.5 2020 2901.1 3853.0 134.5 7.4 113.2 354.0 552.0 Total - - 3,531.3 222.4 3,185.8 11,128.6 11,022.6
64 Annual Report 2020 ANNEX 2 PAGE 2 of 2
Capital, Resources and Status of Loans and Grants 1972 - 2020 (KD Million)
Average No. of No. of No. of No. of Loan Grant Amount Repayments Grants Member Beneficiary Technical Loans Disbursements Disbursements of Loan States Countries Staff
------17 ------17 - 18 8 4.6 1.8 - 0.2 0.1 17 7 26 11 5.1 11.7 - 0.5 0.1 20 8 30 14 7.0 18.3 - 0.4 0.2 21 10 43 15 6.9 24.7 - 1.0 0.6 21 11 56 - - 61.8 0.2 0.4 0.3 21 - 48 6 4.4 37.0 2.1 0.3 0.2 21 6 30 8 3.3 25.5 3.4 0.7 0.2 21 8 32 16 3.6 36.1 6.0 1.3 0.2 22 11 29 31 2.3 26.8 9.5 1.3 0.7 22 9 21 21 3.6 30.2 11.9 1.5 0.6 22 12 32 28 3.3 29.9 10.8 1.3 0.7 22 11 37 13 6.2 44.5 12.6 1.4 1.2 22 11 44 19 3.5 57.3 26.2 3.3 1.0 22 10 50 18 5.6 48.4 25.5 3.8 2.2 22 7 50 14 7.7 45.5 26.0 5.1 2.7 22 9 50 14 10.8 84.0 31.1 3.8 4.8 22 8 50 19 10.7 40.6 26.8 4.7 3.4 21 8 52 11 16.4 85.7 46.6 3.3 4.2 21 8 45 11 16.7 103.1 44.7 3.4 3.2 21 8 46 16 13.0 116.5 40.5 5.9 3.2 21 6 43 14 13.4 115.7 40.1 3.5 4.1 21 9 45 15 17.6 174.8 42.4 5.8 3.9 21 7 46 18 11.8 212.7 46.9 2.9 3.5 21 9 61 23 12.2 178.5 50.0 4.9 3.0 21 9 66 18 15.6 165.6 53.1 3.9 3.9 21 10 65 12 19.9 173.2 51.9 6.3 4.5 21 12 68 15 19.5 228.8 119.5 13.0 5.8 21 10 69 15 18.4 182.8 93.9 5.0 5.2 21 11 69 18 19.6 161.2 90.6 4.1 4.5 21 10 71 20 20.0 199.7 122.5 7.0 5.9 21 10 68 16 17.6 250.3 101.0 5.1 6.1 21 9 67 16 15.9 282.2 155.1 4.5 6.2 21 11 69 20 21.7 281.5 306.3 13.9 7.8 21 9 68 21 23.5 274.5 136.5 11.3 6.5 21 8 67 15 20.1 284.7 129.5 10.5 6.9 21 6 68 11 19.2 249.3 186.9 7.5 8.0 21 8 69 14 29.3 291.7 167.2 9.6 7.0 21 8 69 16 27.9 233.0 157.3 13.4 6.5 21 6 65 12 22.9 235.0 165.3 7.5 8.4 21 9 66 17 27.3 251.5 158.4 7.4 10.1 21 8 67 14 24.3 257.8 159.1 13.1 8.0 22 8 71 14 31.5 195.4 181.1 7.2 7.6 22 8 72 8 43.9 203.9 163.6 3.9 8.9 22 6 76 12 38.5 269.5 242.9 7.2 6.6 22 7 77 10 41.4 179.1 140.0 7.3 5.8 22 6 78 12 40.3 246.2 131.6 6.7 6.9 22 6 80 15 23.6 213.6 72.6 15.6 10.3 22 7 79 704 15.8 6,922.2 3,789.2 251.9 201.1 - - -
Annual Report 2020 65
2020
2015
2010
2005
2000 1995
(KD Million)
1990
1985 1980
Growth in Arab Fund’s Resources During the Perod 1972 - 2020 1975
Reserves Capital 1972 0 500
3500 3000 2500 2000 1500 1000 4000 KD Million KD
66 Annual Report 2020 Loans, Disbursements, Repayments and Debt Owed to the Arab Fund During the Period 1974 - 2020 (KD Million)
3000
2500
2000
1500 KD Million 1000
500
0 1974 - 1979 1980 - 1984 1985 - 1989 1990 - 1994 1995 - 1999 2000 - 2004 2005 - 2009 2010 - 2014 2015 - 2020
Cumulative Loans, Disbursements, Repayments and Debt Owed to the Arab Fund During the Period 1974 - 2020 (KD Million)
12000
10000
8000
6000
4000 KD Million x x x 2000 x x x x x x 0 x 1974 1980 1985 1990 1995 2000 2005 2010 2015 2020
Loans Disbursements Repayments x Debt Owed to the Arab Fund
Annual Report 2020 67 ANNEX 3
Summary of Loans Extended to Member States 1974 - 2020 (KD Million)
Effective No. of Loans Amount of Loans Loans and Disbursements
Beneficiary States Net Net Loans Effective % Disbursements Approved Approved Cancelled to Effective Loans % Net Loans Disbursements
1 Hashemite Kingdom 54 52 693.2 71.0 622.2 6.2 614.2 522.9 85.1 of Jordan
2 Republic of Tunisia 61 61 1,095.8 63.5 1,032.3 10.3 1,032.3 684.0 66.3
3 Algerian Democratic 26 25 395.3 112.5 282.8 2.8 282.8 282.8 100.0 and People’s Republic
4 Republic of Sudan 43 42 896.8 13.0 883.8 8.8 763.8 535.6 70.1
5 Republic of Iraq 10 7 59.7 40.2 19.5 0.2 19.6 19.6 100.0
6 Syrian Arab Republic 51 50 697.0 39.5 657.5 6.5 597.5 467.1 78.2
7 State of Libya 9 8 175.7 33.2 142.5 1.4 142.5 132.9 93.2
8 Arab Republic of Egypt 66 63 1,769.4 209.1 1,560.4 15.5 1,560.4 1,139.8 73.0
9 Republic of Yemen 105 102 927.9 24.6 903.3 9.0 849.0 568.4 67.0
10 Republic of Lebanon 31 30 622.0 36.4 585.6 5.8 508.6 338.1 66.5
11 Kingdom of Morocco 76 75 1,539.9 191.5 1,348.4 13.4 1,348.4 1,063.1 78.8
12 Kingdom of Bahrain 20 19 301.5 33.3 268.2 2.7 268.2 236.8 88.3
13 Somali Democratic 12 11 40.7 2.8 37.9 0.4 37.9 23.8 62.8 Republic
14 Islamic Republic of 69 68 793.2 24.8 768.4 7.6 768.4 505.9 65.8 Mauritania
15 Sultanate of Oman 39 38 952.5 164.5 788.0 7.8 734.0 304.5 41.5
16 Palestine 5 5 17.0 2.6 14.4 0.1 14.4 14.4 100.0
17 Republic of Djibouti 27 25 151.0 13.9 137.1 1.4 107.1 82.5 77.1
Total 704 681 11,128.6 1,076.1 10,052.5 100.0 9,649.2 6,922.2 71.7
68 Annual Report 2020 ANNEX 4
Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2020 (KD Million)
Infrastructure Sectors Productive Sectors **
*
Beneficiary States Sectors Percentage Grand Total Mining Social Services Other Sectors Transport Sewerage Electricity Water and Water and Rural Energy and Agriculture Industry and Development Telecommunications
1 Hashemite Kingdom 65.6 6.0 308.9 28.8 121.4 23.1 103.0 36.5 693.2 6.2 of Jordan
2 Republic of Tunisia 369.8 4.7 130.8 109.9 296.0 59.0 105.0 20.6 1,095.8 9.8
3 Algerian Democratic 45.0 7.8 147.0 30.0 77.3 10.0 70.0 8.2 395.3 3.6 and People’s Republic
4 Republic of Sudan 198.6 7.7 341.5 29.3 255.5 64.2 - - 896.8 8.1
5 Republic of Iraq - 5.0 8.5 - 8.0 18.8 - 19.4 59.7 0.5
6 Syrian Arab Republic 69.0 60.7 368.0 47.5 86.1 52.1 13.0 0.6 697.0 6.3
7 State of Libya - 12.5 127.2 - - 36.0 - - 175.7 1.6
8 Arab Republic of Egypt 132.0 - 1,056.4 291.0 50.0 124.6 83.4 32.0 1,769.4 15.9
9 Republic of Yemen 326.9 8.9 208.9 112.6 63.3 35.2 126.1 46.0 927.9 8.3
10 Republic of Lebanon 145.0 - 115.5 109.0 63.0 - 155.5 34.0 622.0 5.6
11 Kingdom of Morocco 813.0 4.0 85.5 122.3 427.5 9.0 78.0 0.6 1,539.9 13.8
12 Kingdom of Bahrain 50.5 6.0 84.0 66.0 - 25.0 70.0 - 301.5 2.7
13 Somali Democratic 16.5 2.9 6.8 5.0 9.5 - - - 40.7 0.4 Republic
14 Islamic Republic of 154.8 11.1 295.8 204.9 19.3 53.8 19.5 34.0 793.2 7.1 Mauritania
15 Sultanate of Oman 409.5 3.0 22.0 290.0 3.0 6.0 145.0 74.0 952.5 8.6
16 Palestine 5.0 - - - 6.0 - 6.0 - 17.0 0.2
17 Republic of Djibouti 17.5 5.9 61.0 37.0 1.9 0.7 27.0 - 151.0 1.4
Total 2,818.7 146.2 3,367.8 1,483.3 1,487.8 517.6 1,001.5 305.8 11,128.6 100.0 Percentage 25.3 1.3 30.3 13.3 13.4 4.7 9.0 2.7 100.0
* Include the Education, Health, Housing and Social Development Sectors. ** Include the loans to finance urgent projects.
Annual Report 2020 69 Djibouti Others Palestine s Oman Social Service Mauritania Somalia Industry & Mining Bahrain Morocco Lebanon Agriculture & Rural Development Yemen (KD Million) Egypt 1974 - 2020 ter & Sewerage Wa Libya Syria Iraq Energy & Electric Power Sudan Algeria elecommunications T Sectoral Distribution of Loans Among Beneficiary Member States, t Tunisia ranspor T Jordan
0
800 600 400 200
1800 1600 1400 1200 1000 KD Million KD
70 Annual Report 2020 ANNEX 5 PAGE 1 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(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 5,000 - - 5,000 5,000 92/82 (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 5,000 17 - 4,983 4,983 252/90 Operations Program, 1990-1993* 22 Karameh Dam* 277/93 15,000 1,104 - 13,896 13,896 23 Second Agricultural Credit for Income 2,500 - - 2,500 2,500 283/93 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 35,000 and Reinforcement of Internal Transmission Lines* 26 Interconnection of Jordan and Syria 311/95 19,500 - - 19,500 19,500 Power Grids (Jordan)* 27 Aqaba Thermal Power Station (Phase III)* 320/95 26,000 - - 26,000 26,000 28 Hwarat-Abu Zeighan Irrigation Water 333/96 1,900 595 - 1,305 1,305 Pipeline* 29 Infrastructure Development in the 358/97 6,000 446 - 5,554 4,894 Poor Areas* 30 Integrated Development in the 359/97 34,000 11,395 - 22,605 21,389 Southern Ghors* * Completed Project. ** Fully Cancelled Loan.
Annual Report 2020 71 ANNEX 5 PAGE 2 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(1) Hashemite Kingdom of Jordan 31 Integrated Development in the Southern 365/98 12,000 356 - 11,644 10,944 Ghors (Phase II - Mujib Dam)* 32 King Abdallah Teaching Hospital 371/98 15,000 29 - 14,971 14,516 (Second Loan)* 33 Prince Hamza Hospital* 386/99 23,000 9,348 - 13,652 11,272 34 Al-Wehdah Dam* 394/2000 35,000 6,082 - 28,918 20,418 35 Completion of Buildings and Equipment 404/2000 15,000 15,000 - - - of the Hashemite University** 36 Education Reform - School Buildings* 444/2003 10,000 318 - 9,682 6,302 37 Amman Development Corridor (Section I)* 455/2003 12,000 1 - 11,999 4,859 38 Al-Samra Power Generating Station* 462/2004 30,000 9,000 - 21,000 12,600 39 Amman Development Corridor - 499/2006 10,000 - - 10,000 2,610 Phase I (Second Loan)* 40 Al-Samra Power Generating Station (Phase II)* 515/2007 20,000 - - 20,000 9,120 41 Comprehensive Development of 522/2007 6,000 - - 5,926 2,380 Wadi Araba Region (Phase l) 42 Al-Samra Electric Power Generating 524/2007 30,000 - - 30,000 11,180 Station (Phase lII)* 43 Al-Samra Electric Power Generating 542/2009 30,000 - - 30,000 9,720 Station (Financing Phase IV and Additional Financing for Phase III)* 44 Sanam Coated Glass Factory (P)* 12P/2010 5,066 323 - 4,743 418 45 Al-Samra Electric Power Generating 567/2011 30,000 - - 27,519 5,740 Station (Phase V)* 46 Al-Samra Electric Power Generating 587/2012 30,000 2,368 - 27,632 5,670 Station (Phase VI)* 47 Al-Samra Electric Power Generating 620/2015 16,000 - - 11,551 440 Station (Phase VII) 48 Program to Supoort Small and Medium 623/2015 30,000 - 4,620 16,620 - Private Sector Projects and Enterprises 49 Infrastructure Development in the 630/2015 6,000 1,555 - 4,445 - Petra Region 50 Irbid Ring Road (Phase 1) 642/2017 15,000 - - - - 51 As Salt Ring Road 648/2017 14,000 - - - - 52 Wastewater Facilities in Al Junaid 674/2020 12,000 - - - - and North Jerash 53 Emergency Program to Ward Off the 679/2020 30,000 - - - - Effects of the Corona Pandemic 54 Wastewater Facilities in Al Junaid and 686/2020 8,000 - - - - North Jerash (Supplementary Loan) Subtotal 693,216 70,962 4,620 522,869 348,881 (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
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
72 Annual Report 2020 ANNEX 5 PAGE 3 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(2) Republic of Tunisia 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)* 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 16,740 23 Maintenance of Flood-Damaged Roads* 253/90 5,000 1,049 - 3,951 3,951 24 Sidi El-Barraq Dam Project for 273/92 20,000 3,217 - 16,783 16,783 Potable Water and Irrigation* 25 Integrated Rural Development (Phase II)* 293/94 21,000 372 - 20,628 20,628 26 Roads Development* 296/94 10,000 - - 10,000 10,000 27 University Buildings in Gafsa* 321/96 10,000 2,119 - 7,881 7,881 28 Al-Wakael Project (Phase III)* 328/96 5,000 254 - 4,746 4,746 29 Zarqa Dam and the Irrigation of 338/96 13,000 3,830 - 9,170 8,700 Tbarqa and Mekna Plains* 30 Hima, Abeed, Rumail and Al-Bark 348/97 22,000 6,497 - 15,503 14,713 Dams for Irrigation* 31 Supporting the Vocational Training 361/97 11,000 134 - 10,866 10,206 and Employment Programs* 32 Improvement of the Roads Network 374/98 35,000 30 - 34,970 30,970 and Rural Roads* Development* 33 Tunis - Bizerte Motorway* 382/99 24,000 4,877 - 19,123 16,373 34 El-Kebir and El-Maoula Dams* 391/99 28,000 4,525 - 23,475 16,775 35 Development of the Industrial Parks* 402/2000 14,000 4,776 - 9,224 7,989 36 Tunis - Mejez El-Bab Motorway* 405/2000 25,000 1,885 - 23,115 17,955 37 Developmental Credit Lines* 413/2001 11,000 2,000 - 9,000 7,229 38 Construction of Six Dams in the North 428/2002 32,000 6,263 - 25,737 16,832 to Supply Potable Water* 39 Modernization of the Transmission 443/2003 30,000 - - 30,000 19,780 Network* 40 Sarrat Dam and Irrigation of Oulad 459/2004 12,000 1,290 - 10,710 4,915 Bou Ghanem and Mahjouba Plains* 41 Al-Wakael Project (Phase IV)* 464/2004 4,000 1,702 - 2,298 1,668 42 Regional and Rural Roads Network* 483/2005 16,000 125 - 15,875 7,703
* Completed Project.
Annual Report 2020 73 ANNEX 5 PAGE 4 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(2) Republic of Tunisia 43 Wadi Al-Kabir Dam in Gafsa Province* 490/2006 3,000 566 - 2,434 982 44 Ghannouch Combined Cycle Power 494/2006 25,000 62 - 24,938 9,878 Generating Station* 45 Regional and Rural Roads Network 518/2007 22,000 1,226 - 20,774 8,974 (Phase II)* 46 Ghannouch Combined Cycle Power 543/2009 15,000 - - 15,000 6,020 Generating Station (Supplementary Loan)* 47 Sousse Power Generating Station 553/2010 37,000 6,322 - 30,678 7,478 (Second Expansion)* 48 Oued Zarga - Bousalem Motorway 561/2011 38,000 - 634 27,984 6,540 49 Urgent Program to Support Small 573/2011 15,000 - - 15,000 1,720 Private Sector Projects* 50 Integrated Development Program 574/2011 42,000 - - 23,947 6,000 51 Mdhila 2 Triple Super Phosphate 592/2013 22,000 - 792 12,917 - Fertilizer Production 52 Regional and Rural Roads Network 608/2014 40,000 - 3,363 29,480 - (Phase III) 53 Upper Mellegue Dam 609/2014 30,000 - 1,027 3,586 - 54 Development of the Classified Road 624/2015 50,000 - 3,637 39,930 - Network and Rural Roads 55 Construction of Saida and Kalaa Kebira Dams, 631/2015 50,000 - 3,587 9,648 - and Related Water Conveyance Facilities 56 Construction of Bridges on 640/2017 20,000 - 2,689 3,524 - Classified Roads 57 Tunis - Jelma Motorway 647/2017 50,000 - - - - 58 Support to Primary Education 650/2017 50,000 - 2,081 2,680 - 59 Integrated Development Program 655/2018 50,000 - - - - (Third Phase) 60 Tasa and Khallad Dams 661/2018 30,000 - - - - 61 Emergency Program to Ward Off the 677/2020 30,000 - - - - Effects of the Corona Pandemic Subtotal 1,095.775 63,508 17,811 683,963 410,717 (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)*
* Completed Project.
74 Annual Report 2020 ANNEX 5 PAGE 5 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(3) Algerian Democratic and People’s Republic 13 South Power Supply: Adrar Power Station* 261/91 21,000 1,028 - 19,972 19,972 14 Bashar-National Grid Power Link* 280/93 16,000 2,235 - 13,765 13,765 15 Bani Haroun Dam for Municipal 298/94 6,000 - - 6,000 6,000 Water, Electricity and Irrigation (Supplementary Loan)* 16 Power Generating Station in Hassi Massoud* 324/96 40,000 57 - 39,943 39,943 17 The Mitigation of Earthquake Risks 332/96 3,500 1,887 - 1,613 1,613 (Second Loan)* 18 Development of Small and Medium Industries* 339/97 10,000 1,012 - 8,988 8,988 19 Power Generating Station in Hassi 353/97 10,000 47 - 9,953 9,953 Massoud (Supplementary Loan)* 20 Al-Hama Power Generation Station* 377/98 30,000 1,476 - 28,524 28,524 21 Upgrading of the Electric Grid* 387/99 30,000 - - 30,000 30,000 22 Development of Social Housing in the 396/2000 35,000 12,190 - 22,810 22,810 Central Region* 23 Pumping and Conveyance of Bani 415/2001 31,000 3,902 - 27,098 27,098 Haroun Water (First Stage)* 24 Conveyance of Bani Haroun Water 424/2002 30,000 21,597 - 8,403 8,403 (Conveyor to Othmania Dam)* 25 Afroun- Husseinia Motorway* 426/2002 27,000 19,599 - 7,401 7,401 26 Housing Construction and Reconstruction** 450/2003 30,000 30,000 - - - Subtotal 395,300 112,487 - 282,813 282,813 (4) Republic of Sudan 1 Gadaref-Kassala Motorway (First Loan)* 6/74 8,000 - - 8,000 8,000 2 Telecommunications* 9/75 4,800 257 - 4,543 4,543 3 Rahad Roads* 16/75 4,400 11 - 4,389 4,389 4 Sennar-Damazin Motorway* 31/76 11,000 986 - 10,014 10,014 5 Railways Development* 46/77 5,000 32 - 4,968 4,968 Gadaref-Kassala Motorway 6 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)* 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
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2020 75 ANNEX 5 PAGE 6 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(4) Republic of Sudan 19 Port Sudan Water Supply* 206/87 10,000 5,000 - 5,000 3,680 20 Textiles Rehabilitation* 208/88 4,500 3,765 - 735 735 21 Paving of the Main Roads* 392/2000 23,000 - - 23,000 11,780 22 Roseires Dam* 393/2000 12,000 - - 12,000 6,175 23 Atbara - Haiya - Port Sudan Road* 410/2001 25,000 - - 25,000 8,100 24 Merowe Dam* 422/2002 46,000 - - 46,000 17,500 25 Generation and Transmission of 448/2003 30,000 - - 30,000 8,000 Electricity from Merowe Dam* 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 - - 50,000 - 35 Electric Power Generating Station in the 566/2011 30,000 - 55 24,590 - Upper Atbara and Setit Dams Complex 36 East Sudan Roads 578/2012 54,000 - 644 35,529 - 37 Water Harvesting in Border Provinces 582/2012 15,000 - 4,140 - 38 Loan Program for Industrial 586/2012 10,000 - - - - Development Projects 39 Upper Atbara and Setit Dams 591/2013 30,000 - 1,376 10,216 - Complex (Supplementary Loan)* 40 Nyala - El-Geneina Transmission 599/2013 57,000 - - - - Line to the Darfur States 41 Roseires Irrigation (Phase I) 633/2016 60,000 - - - - 42 Construction of El Bagair Power 643/2017 52,000 - - - - Generating Station 43 Construction of 500 kV Transmission 667/2019 60,000 - - - - Ring Around Khartoum Subtotal 896,778 12,978 2,075 535,642 170,231 (5) Republic of Iraq 1 Deep Freeze Store* 107/83 10,000 2,741 - 7,259 3,875 2 Fifth Pan-Arab Telecommunications 141/84 5,000 627 - 4,373 893 (Earth Stations-Arabsat) 3 Mitigation of Earthquake Risks 150/84 525 22 - 503 143 4 Deep Freeze Store in Ninawa** 169/85 8,900 8,900 - - - 5 Agricultural Credit 200/87 8,000 5,322 - 2,678 518 6 Industrial Credit 209/88 8,000 4,274 - 3,726 726 7 Industrial Credit II 225/89 2,800 2,517 - 283 67
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
76 Annual Report 2020 ANNEX 5 PAGE 7 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(5) Republic of Iraq 8 Abattoir and Meat Processing Unit 226/89 3,800 3,051 - 749 149 (Central Region) 9 Abattoir and Meat Processing 235/90 4,200 4,200 - - - Unit-Basra** 10 Basra Power Grid 248/90 8,500 8,500 - - -
Subtotal 59,725 40,154 - 19,571 6,731 (6) Syrian Arab Republic 1 Fuel Storage Tanks* 2/74 2,000 - - 2,000 2,000 2 Cattle Breeding (Ghab)* 8/74 5,400 3,412 - 1,988 1,988 3 Damascus Water Supply (First Loan)* 26/76 12,000 - - 12,000 12,000 4 Banias Power Station* 45/77 6,000 - - 6,000 6,000 5 Second Pan-Arab Telecommunications* 60/80 2,700 918 - 1,782 1,782 6 Homs and Hama Sewerage* 61/81 5,000 4,354 - 646 646 7 Damascus Garbage Composting* 70/81 2,200 2 - 2,198 2,198 8 Tartous-Lattakia Motorway* 93/82 6,000 - - 6,000 6,000 9 Fifth Pan-Arab Telecommunications 95/82 1,000 - - 1,000 1,000 (Earth Stations)* 10 Damascus-Sanamein-Jordanian 128/83 9,000 - - 9,000 9,000 Border Road* 11 Mehardeh Power Station Extension 146/84 6,500 239 - 6,261 6,261 (First Loan)* 12 Mitigation of Earthquake Risks* 151/84 575 11 - 564 564 13 Pesticides Arab Joint Venture (Syria-Jordan)** 154/84 1,900 1,900 - - - 14 Mehardeh Power Station Extension 156/84 4,500 143 - 4,357 4,357 (Second Loan)* 15 Damascus Water Supply (Second Loan)* 164/85 3,000 361 - 2,639 2,639 16 Fifth Pan-Arab Telecommunications 172/86 1,000 - - 1,000 1,000 (Earth Stations) - (Supplementary Loan)* 17 Tenf Pilot Scheme in Hammad Basin 185/86 1,700 - - 1,700 1,700 (Inter-Arab)* 18 Ghab and Asharneh Plains Irrigation* 193/87 15,000 995 - 14,005 14,005 19 Mehardeh Power Station Extension 194/87 2,500 - - 2,500 2,500 (Supplementary Loan)* 20 Hamah-Saraqeb Road and Ain Eissa- 214/88 8,000 31 - 7,969 7,741 Qintari Road* 21 Homs and Hama Sewerage* 241/90 9,500 1,944 - 7,556 7,016 22 Aleppo Sewerage* 245/90 12,500 5,434 - 7,066 6,881 23 Rehabilitation of Phosphate Fertilizer 246/90 10,000 1,082 - 8,918 8,195 Plant in Homs* 24 Khaboor Irrigation (Phase I)* 250/90 15,000 1,281 - 13,719 12,549 25 Jourine Joint Water Supply* 260/91 5,500 1,598 - 3,902 3,314 26 Phosphate Fertilizers in Tadmur 265/92 30,000 - - - - 27 Medical Equipment in Hospitals* 271/92 13,000 23 - 12,977 9,477 28 Southern Region Agricultural 274/92 3,500 909 - 2,591 1,909 Development Project (Phase II)* 29 Tishrin Hydroelectric Dam* 279/93 36,000 3,054 - 32,946 24,576 30 Rehabilitation of Sulphuric Acid Plant in Homs* 287/93 6,000 739 - 5,261 5,261
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2020 77 ANNEX 5 PAGE 8 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(6) Syrian Arab Republic 31 Zeizoun Power Generating Station* 291/93 30,000 689 - 29,311 21,711 32 Agricultural Development in Jabal Al-Hoss* 307/95 2,500 832 - 1,668 744 33 Interconnection of Jordan and Syria 312/95 30,000 - - 28,223 17,290 Power Grids (Syria)* 34 Syria-Turkey Power Grid 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 Governorate 433/2002 5,500 - - 606 - 45 Converting Zeizoun Power Station to 440/2003 22,000 - - 13,654 2,950 Combined Cycle* 46 Power Generating Station in the 469/2004 30,000 - - 29,643 - South (Deir Aly)* 47 Arab Gas Pipeline Project - Third 529/2008 10,000 - - 1,881 - Stage (Aleppo - Kalas Section) 48 Expansion of Deir Ali Power 536/2008 45,000 - - 20,169 - Generating Station 49 Deir Al-Zor - Al-Boukamal Road 537/2008 16,000 - - 33 - 50 Power Generating Station in the 493/2006 30,000 - - - - Eastern Region (Deir Al-Zor) 51 Power Generating Station in the 565/2011 30,000 - - - - Eastern Region (Deir Al-Zor) - (Supplementary Loan) Subtotal 696,975 39,447 - 467,123 273,023 (7) State of Libya 1 Two Fish Packaging Plants in 240/90 11,000 1,867 - 9,133 9,133 Sabrata and Zlaiten* 2 Libya-Tunisia Power Link* 244/90 2,200 784 - 1,416 787 3 Interconnection of the Libyan and 326/96 12,000 2,590 - 9,410 6,650 Egyptian Power Grids (Libya)* 4 National Control Center for the 329/96 20,000 - - 20,000 5,139 Libyan Electrical System* 5 Submarine Fiber Optic Cable* 369/98 12,500 2,932 - 9,568 9,568
* Completed Project.
78 Annual Report 2020 ANNEX 5 PAGE 9 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(7) State of Libya 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 Talkha II Fertilizers (Supplementary 2,700 6 - 2,694 2,694 5 24/76 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 Extension* 255/91 10,500 - - 10,500 10,500 16 Social Development Fund (Phase I)* 256/91 14,400 11 - 14,389 14,389 17 Sewerage Projects in 46 Towns* 270/92 36,000 14,732 - 21,268 21,268 18 Sidi-Kreir Thermal Power Station* 272/92 44,000 6,363 - 37,637 35,821 19 Mitigation of Earthquake Risks* 275/92 2,000 1 - 1,999 1,999 20 Reconstruction of Earthquake 276/93 15,000 - - 15,000 15,000 Damaged Schools* 21 Suez Transformers Station* 278/93 16,000 733 - 15,267 15,267 22 Rehabilitation of Phosphatic 284/93 4,000 242 - 3,758 3,758 Fertilizers Plant in Abu Zaabal* 23 Electric Insulations Plant* 286/93 4,500 484 - 4,016 4,016 24 Float Glass Plant* 292/94 15,000 384 - 14,616 14,616 25 Soda Ash Plant (Second Loan)* 295/94 4,000 82 - 3,918 3,918 26 Oyun Moussa Power Station* 309/95 39,000 8,600 - 30,400 28,096 27 Construction of a Special Steel Factory* 318/95 15,000 409 - 14,591 14,591 28 Social Development Fund (Phase II)* 346/97 21,000 - - 21,000 15,309 29 The Liver Diseases Center 362/98 3,000 - - 2,220 76 30 Construction of a Flat Steel Plant* 372/98 17,000 79 - 16,921 16,921
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2020 79 ANNEX 5 PAGE 10 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(8) Arab Republic of Egypt 31 Upgrading the Egyptian National Railroads 399/2000 16,000 69 - 15,931 8,571 Authority’s Locomotives and Workshops* 32 Cairo North Power Generation Station* 407/2001 27,000 1,707 - 25,293 13,593 33 Water Supply for 240 Villages 420/2001 17,000 - 1,349 17,000 9,545 Deprived of Potable Water - Phase I * 34 Natural Gas Pipeline (Al-Arish - Aqaba)* 427/2002 17,000 4,224 - 12,776 12,776 35 Nubaria Power Station - Phase I* 434/2002 30,000 681 - 29,319 16,569 36 Nubaria Power Station - Phase II* 438/2003 30,000 104 - 29,896 15,266 37 Educational Buildings** 442/2003 30,000 30,000 - - - 38 Water Supply for 240 Villages 432/2002 30,000 - 420 28,320 16,104 Deprived of Potable Water (Phase II) 39 Talkha Combined Cycle (750 M.W.) 461/2004 30,000 - - 30,000 14,630 Power Generation Station* 40 Development of the Waterway 472/2005 10,000 - - 3,063 3,063 Between Cairo and Alexandria 41 Expansion of West Cairo Power 484/2005 30,000 - - 30,000 10,780 Generation Station* 42 Development of Hurghada 488/2006 35,000 - - 35,000 8,600 International Airport* 43 Al-Atf Power Generating Station* 492/2006 30,000 - - 30,000 10,010 44 Expansion of Abu Qir Power 513/2007 30,000 117 - 29,883 8,353 Generating Station 1300 MW* 45 Expansion of Abu Qir Power 525/2007 30,000 117 - 29,883 8,353 Generating Station 1300 MW (Second Loan)* 46 El-Ain El-Sokhna Power Generating 539/2009 55,000 2,688 - 52,312 11,082 Station * 47 South Gas Pipeline* 530/2008 60,000 35,000 - 25,000 4,270 48 Banha Power Generating Station* 554/2010 50,000 1,513 - 48,487 7,567 49 Development of Hurghada 559/2010 15,000 - - 15,000 1,110 International Airport (Supplementary Loan)* 50 South Helwan Power Generating Station 571/2011 55,000 - 1,325 36,609 - 51 Urgent Program to Support Small and 572/2011 30,000 - - 30,000 - Medium Private Sector Projects and Enterprises* 52 Modernization of the Signaling 583/2012 44,000 - 6,985 20,441 - 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 - 10,084 37,751 - (El-Walidia) 650 MW 55 Al Nouran Sugar (P)* 14P/2014 4,292 - - 4,292 174 56 Cairo West Power Generating Station 650 MW 615/2014 60,000 - 5,758 33,346 - 57 Conversion of 6th October Power 626/2015 20,000 20,000 - - - Generating Station to Combined Cycle** 58 Wastewater Facilities in Areas 628/2015 45,000 - 6,804 13,608 - Neighboring Al Rahawi Drainage Canal 59 Damanhour Combined Cycle Power 627/2015 60,000 60,000 - - - Generating Station (1800 MW)** * Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
80 Annual Report 2020 ANNEX 5 PAGE 11 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(8) Arab Republic of Egypt 60 Water Supply and Development of the 634/2016 50,000 - - 15,000 - Agricultural System in the Sinai Peninsula 61 Construction of a 50 Megawatt 638/2017 26,000 - - 21 - Photovoltaic Power Station in the City of Kom Ombo 62 Development of the Electric 651/2017 60,000 - 12,462 14,699 - Transmission Grid 63 Development of the Electric 656/2018 40,000 - - - - Transmission Grid (Second Phase) 64 Establishment of a Water System for 657/2018 70,000 - 16,757 36,640 - Bahr El Bakar Drain 65 Establishment of a Water System for Bahr 672/2019 75,000 - 7,695 7,695 - El Bakar Drain (Supplementary Loan) 66 Storage Services in Abou Rawash 16P/2020 2,000 - - - - Industrial Area Phase II (P) Subtotal 1,769.442 209,052 69,640 1,139.803 570,998 (9) Republic of Yemen 1 Mukalla Multipurpose* 1/74 3,200 - - 3,200 3,200 2 Electric Power I* 7/74 4,000 - - 4,000 4,000 3 Aden Port Rehabilitation* 12/75 3,900 - - 3,900 3,900 4 Hodeida Water Supply and Sewerage* 13/75 6,000 727 - 5,273 5,273 5 Taiz-Aden Road* 22A/76 3,800 - - 3,800 3,800 6 Aden-Taiz Road* 22B/76 6,500 - - 6,500 6,500 7 Mukalla Multipurpose (Supplementary 27/76 2,600 1,904 - 696 696 Loan)* 8 Electric Power II* 32/77 9,000 - - 9,000 9,000 9 Sana’a Water Supply* 37/77 5,000 91 - 4,909 4,909 10 Hadramaut Power* 48/79 4,000 - - 4,000 4,000 11 Wadi Tuban Agricultural Scheme* 53/80 1,900 25 - 1,875 1,875 12 Dhamar Water Supply and Sewerage* 56/80 3,000 7 - 2,993 2,993 13 Electric Power III (Dhamar-Taiz 62/81 4,700 - - 4,700 4,700 Transmission Network)* 14 Aden Water Supply (First Loan)* 63/81 3,500 - - 3,500 3,500 15 Third Pan-Arab Telecommunications* 68/81 1,400 - - 1,400 1,400 16 Third Pan-Arab Telecommunications* 69/81 1,300 - - 1,300 1,300 17 Electric Power IV (Al-Mokha Power 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)*
* Completed Project. (P): Private Sector Project.
Annual Report 2020 81 ANNEX 5 PAGE 12 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(9) Republic of Yemen 22 Reconstruction of Flood-Damaged 109/83 1,000 - - 1,000 1,000 Roads and Bridges* 23 Strengthening of Taiz-Al Mafraq Road* 114/83 2,100 388 - 1,712 1,712 24 Electric Power III Development (Electrification 122/83 1,500 - - 1,500 1,500 of Five Towns East of Mukalla)* 25 Fisheries Manpower Centre (FMDC) and 124/83 1,000 - - 1,000 1,000 the Fisheries Co-operatives (FDC)* 26 Dhamar Water Supply and Sewerage 125/83 3,000 7 - 2,993 2,993 (Supplementary Loan)* 27 Rural Development in the Central Highlands* 126/83 3,000 236 - 2,764 2,764 28 Seiyoun Regional Water Supply* 127/83 2,000 - - 2,000 2,000 29 Seiyoun Regional Water Supply 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 Loan)* 173/86 4,200 - - 4,200 4,200 40 Greater Aden Second Water Supply 174/86 2,000 221 - 1,779 1,779 (Second Loan)* 41 Wadi Jawf Agricultural Development* 177/86 3,100 151 - 2,949 2,949 42 Aden Water Supply (Supplementary Loan)* 188/86 1,000 2 - 998 998 43 Laboos Water Supply* 189/87 4,000 58 - 3,942 3,942 44 Strengthening Sana’a-Hodeida Road* 199/87 6,800 - - 6,800 6,800 45 Lawder-Mukairas Road and Road 204/87 5,500 113 - 5,387 5,387 Maintenance* 46 The FMDC and the FDC 205/87 1,500 37 - 1,463 1,463 (Supplementary Loan)* 47 Zabid-Al Hodeida Road Rehabilitation* 211/88 2,500 - - 2,500 2,500 48 Northern Region Agricultural 215/88 3,500 38 - 3,462 3,086 Development* 49 Yemen Power Link Taiz-Aden* 217/88 8,600 24 - 8,576 7,652 50 Yemen Power Link Aden-Taiz* 218/88 10,000 62 - 9,938 9,406 51 Al-Mukalla Water Supply* 220/88 2,850 20 - 2,830 2,830 52 Integrated Rural Development in the 222/89 3,500 254 - 3,246 2,426 Central Highlands* 53 Agricultural Credit* 230/89 5,500 8 - 5,492 5,021 54 Wadi Hadramaut Agricultural 232/89 3,300 3,300 - - - Development Project (Phase III)** 55 Hojja-Al Khashm Road* 236/90 3,000 570 - 2,430 2,320 56 Electricity Distribution Network 251/90 4,500 146 - 4,354 3,355 (Second Loan)* 57 SEA-ME-WE II Submarine Cable 268/92 5,000 1,905 - 3,095 2,695 Project (Second Loan)* * Completed Project. ** Fully Cancelled Loan.
82 Annual Report 2020 ANNEX 5 PAGE 13 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(9) Republic of Yemen 58 Rehabilitation of Flood-damaged Electricity, 288/93 2,500 23 - 2,477 1,937 Water and Sewerage Facilities in Aden* 59 Sana’a Sewerage Treatment Plant* 322/96 8,000 1 - 7,999 5,464 60 Social Development Fund* 350/97 6,000 - - 6,000 3,078 61 Wadi Hadramaut Agricultural 357/97 4,000 702 - 3,298 1,389 Development Project (Phase III)* 62 Sanitation Networks in Sana’a 383/99 18,000 - - 14,645 10,058 63 Sayhut - Nashtoun Road* 403/2000 26,000 - 783 22,334 10,460 Sana’a International Airport 64 411/2001 28,000 - - 9,837 9,837 Development 65 Social Development Fund - Phase II* 425/2002 15,000 - - 15,000 5,265 Grain Silos and Flour Mills at Saleef 66 2P/2002 3,000 - - 3,000 3,000 Port (P)* 67 Ma’rib - Sana’a Transmission Lines at 435/2002 30,000 - - 27,584 8,030 400 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 - - 14,788 5,110 71 Grain Silos and Flour Mills at Saleef 3P/2004 2,000 - - 2,000 2,000 Port (Supplementary Loan) (P)* 72 Completion of Sanitation Networks 463/2004 12,000 - - 10,544 3,630 in Sana’a 73 Five-Star Hotel in Sana’a (P)* 4P/2004 6,000 - - 6,000 3,436 74 Rural Access Roads 467/2004 26,000 - 128 22,994 5,360 75 Development of Local Communities 477/2005 15,000 - - 15,000 2,835 (Phase III)* 76 Aden Iron Factory in Lahaj 5P/2006 7,000 - - 7,000 4,180 Governorate (P)* 77 Social Development Fund - Phase III* 480/2005 15,000 - - 15,000 2,835 78 Wastewater Facilities in Seiyoun 482/2005 15,000 - 1,558 4,032 730 and Tarim 79 Construction of a Second Ma’rib Gas- 502/2006 30,000 - - 25,811 - Turbine Power Generating Station and the Expansion of the Transmission Grid 80 Agricultural and Fisheries Development 508/2007 12,000 - - 614 568 in the Hadramout Coastal Area 81 Aden Iron Factory in Lahaj Governorate 7P/2007 3,000 - - 3,000 1,546 (Supplementary Loan) (P)* 82 Sana’a International Airport 516/2007 47,000 - - 1 - Development (Phase II) 83 Development of the Coastal Road in 520/2007 10,000 - - 2,162 240 Aden Governorate 84 Development of Water and 526/2008 10,000 - 851 1,426 - Wastewater 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 - - - -
* Completed Project. (P): Private Sector Project.
Annual Report 2020 83 ANNEX 5 PAGE 14 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(9) Republic of Yemen 87 Major Intersections in Sana’a City 541/2009 8,000 - 12 7,405 780 (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 - 494 6,878 370 91 Protection of Sana’a City from Floods 550/2010 7,000 - 120 6,452 - 92 Social Fund for Development (Phase IV) 560/2010 30,000 - 1,403 27,950 - 93 Major Intersections in Sana’a City 562/2011 10,000 - 769 7,260 - (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 Port (P)** 13P/2014 4,000 4,000 - - - 102 Infrastructure Development in Sana’a City 606/2014 30,000 - 793 6,555 - 103 Al Ghaydah Central Hopital 612/2014 6,000 - - - - 104 Rural Roads Development (Phase IV) 613/2014 30,000 - - - - 105 Public Works (Phase IV) 614/2014 10,000 - - - - Subtotal 927,875 24,612 6,911 568,415 283,091 (10) Republic of Lebanon 1 Electricity Network* 38/77 6,000 - - 6,000 6,000 2 Beirut Port* 39/77 5,000 - - 5,000 5,000 3 Rehabilitation of Electricity Installations* 263/91 22,000 3,157 - 18,843 18,843 4 Reconstruction and Shelter Rehabilitation* 282/93 8,000 - - 8,000 8,000 5 Rehabilitation of Electricity 304/94 7,000 291 - 6,709 6,709 Installations (Supplementary Loan)* 6 Zahrani Power Station* 305/94 30,500 - - 30,500 30,500 7 Saida and Sour Water Supply* 317/95 10,000 6 - 9,994 8,854 8 Technical and Vocational Schools* 323/96 15,000 - - 14,171 14,171 9 Administrative Rehabilitation of Public 325/96 6,000 5 - 5,995 5,823 and Independent Agencies* 10 Rehabilitation of the Infrastructure 331/96 13,500 62 - 13,438 11,023 and Buildings Damaged by the Israeli Aggression* 11 The Lebanese University Project 355/97 23,000 - - 23,000 21,120 (First Loan)* 12 Syr El-Dania Jbab El-Homr / 356/97 6,000 173 - 5,827 4,034 El-Hermel Road*
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
84 Annual Report 2020 ANNEX 5 PAGE 15 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(10) Republic of Lebanon 13 Beirut Southern Entrances: 363/98 12,000 6,076 - 5,924 5,364 Khaldeh-Cocodi and Awzaee Roads* 14 Interconnecting the Lebanese and 400/2000 8,000 - 29 4,236 4,209 Syrian Electric Grids at 400 kV* 15 Conveyance of Litani Water to 418/2001 31,000 - - 31,000 9,420 Southern Lebanon* 16 Control Center for the Lebanese 423/2002 7,000 - - 6,484 3,420 Power Network* 17 Infrastructure Upgrading in Beirut City 430/2002 17,000 - - 9,438 9,438 18 The Lebanese University Project 439/2003 6,000 1,583 - 4,417 3,025 (Second Loan)* 19 Development of the Road Network 449/2003 30,000 - - 22,310 15,480 and Main Intersections 20 Administrative Rehabilitation 495/2006 9,000 - 444 5,937 2,700 21 Development of Water and 496/2006 25,000 - 183 17,280 7,100 Wastewater Facilities in some Areas in Lebanon 22 Rehabilitation of Infrastructure 500/2006 30,000 - 780 20,576 - Damaged by the Aggression 23 Rehabilitation of the Private Sector 505/2006 25,000 25,000 - - - Enterprises Damaged by the Israeli Aggression** 24 Rehabilitation of Electric Power 506/2006 35,000 - - - - Installations Damaged by the Israeli Aggression 25 Syr El-Dania Jbab El-Homr/ 527/2008 6,000 - 265 5,328 1,360 El-Hermel Road (Second Loan) 26 Housing Project* 585/2012 34,000 - - 34,000 - 27 Completion of Wastewater Facilities 600/2013 30,000 - 1,024 5,268 - in Lebanon 28 Conveyance of Litani Water to 621/2015 32,000 - 5,231 18,389 - Southern Lebanon for Irrigation and Drinking Purposes (Elevation 800 Meters) (Supplementary Loan) 29 Wastewater Facilities in the North 653/2018 27,000 - - - - and Central Litani Basin 30 Development of Main Roads (Pan 654/2018 56,000 - - - - Arab Northern Motorway and Zouk Mosbeh - Jeita Road) 31 Housing Project (Second Phase) 666/2019 50,000 - - - - Subtotal 622,000 36,353 7,958 338,064 201,594 (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 * Completed Project. ** Fully Cancelled Loan.
Annual Report 2020 85 ANNEX 5 PAGE 16 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(11) Kingdom of Morocco 9 Fifth Pan-Arab Telecommunications 103/82 1,000 - - 1,000 1,000 (Earth Stations)* 10 Agricultural Development in Loukkos 121/83 7,500 - - 7,500 7,500 Valley (First Loan)* 11 Agricultural Credit (Second Loan)* 134/84 8,000 - - 8,000 8,000 12 Mitigation of Earthquake Risks* 153/84 600 6 - 594 594 13 Ait Ayoub Dam for Irrigation and Electricity* 168/85 15,000 4,787 - 10,213 10,213 14 Lower Tassaout Irrigation* 176/86 5,000 - - 5,000 5,000 15 Aoulouz Dam and Agricultural 191/87 15,000 2,903 - 12,097 12,097 Development in Wadi Souss* 16 Al-Mana’ Barrage and Irrigation of 212/88 17,000 2,863 - 14,137 14,137 Lands in Al-Gharb Plain* 17 Ismir Dam and Potable Water for 223/89 4,000 900 - 3,100 3,100 Tatwan Area* 18 Agricultural Credit (Third Loan)* 231/89 12,000 - - 12,000 12,000 19 Maja’ra Dam* 237/90 50,000 542 - 49,458 49,458 20 Rehabilitation of Flood-Damaged 249/90 2,500 33 - 2,467 2,467 Infrastructure* 21 Upper Dokala Region Irrigation (Phase I)* 264/91 30,000 3,983 - 26,017 26,017 22 Rabat-Larache Motorway* 267/92 18,000 - - 18,000 18,000 23 Agricultural Credit (Fourth Loan)* 281/93 18,000 5,251 - 12,749 12,749 24 Seedi Al-Shahid Dam* 290/93 18,500 2,697 - 15,803 15,803 25 Strengthening Internal Power Grid for 299/94 18,500 4,628 - 13,872 13,872 the Morocco - Spain Interconnection* 26 Loukkos Basin Agricultural 300/94 3,000 22 - 2,978 2,978 Development (Second Loan)* 27 Al-Gharb Plain Irrigation (Phase II)* 303/94 20,000 537 - 19,463 19,463 28 Rabat-Fes Motorway* 306/95 23,000 3,123 - 19,877 19,877 29 Maja’ra Dam (Second Loan)* 315/95 17,000 2,990 - 14,010 14,010 30 Combatting the Effects of the Drought* 316/95 10,000 - - 10,000 10,000 31 Potable Water for Meknes City** 330/96 7,000 7,000 - - - 32 Agadir and Tantan Fisheries Port* 335/96 13,000 1,095 - 11,905 11,905 33 Morocco-Spain Power Interconnection 337/96 7,000 3,428 - 3,572 3,572 (Supplementary Loan)* 34 Dchar El Oued and Ait Massoud 344/97 15,000 5,886 - 9,114 9,114 Dams for Electricity, Irrigation and Drinking Water* 35 Dchar El Oued and Ait Massoud 345/97 15,000 8,796 - 6,204 5,766 Dams: Financing the Two Hydro- electric Stations* 36 Casablanca-Settat Motorway 364/98 16,000 4,031 - 11,969 10,279 (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 7,368 Greater Agadir City with Water*
* Completed Project. ** Fully Cancelled Loan.
86 Annual Report 2020 ANNEX 5 PAGE 17 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(11) Kingdom of Morocco 39 Mohammed V Airport Development* 389/99 10,000 623 - 9,377 6,017
40 Afourer Pumped Storage 397/2000 25,000 2,736 - 22,264 18,664 Hydro-Power Plant* 41 Casablanca - El-Jadida Motorway* 416/2001 15,000 3,099 - 11,901 11,901
42 Raising of Sidi Mohammed Bin 421/2002 18,000 9,851 - 8,149 8,149 Abdullah Dam and Construction of Boukhamis Dam* 43 Rural Electrification* 446/2003 20,000 297 - 19,703 12,983 44 Tetouan - Fenidiq Motorway* 451/2003 14,000 5,386 - 8,614 8,614 45 Settat - Marrakech Motorway (Phase I)* 452/2003 30,000 15,167 - 14,833 14,833 46 Tangier Mediterranean Harbour - 460/2004 35,000 5,378 - 29,622 29,622 Northern Highway Motorway* 47 Werkan Dam to Supply Marrakech 470/2004 7,000 1,044 - 5,956 3,676 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 4,900 Mediterranean Port with Water* 51 Marrakech - Agadir Motorway 491/2006 31,000 - - 31,000 31,000 (Second Loan)* 52 Generalization and Integration of 498/2006 15,000 10,228 - 4,772 4,772 Information Technology in Public School Education* 53 Rural Roads 503/2006 15,000 - - 14,439 6,450 54 Fes - Oujda Motorway* 512/2007 30,000 59 - 29,941 13,696 55 Water Supply for the Provinces of 514/2007 15,000 - 218 13,977 5,670 Taounate, Chefchaouen, Sidi Kacem and Tanger Med Port 56 Wadi Martil Dam* 517/2007 23,000 2,708 - 20,292 7,092 57 Fes - Oujda Motorway (Taza - Oujda 534/2008 27,000 5,248 - 21,752 6,252 Section)* 58 Expansion of Casablanca - Rabat 538/2008 20,000 - - 20,000 5,700 Motorway* 59 Zerrar Dam* 540/2009 15,000 939 - 14,061 3,661 60 Water Supply of Tangier & Tantan 546/2009 20,000 - 47 19,533 4,860 Regions* 61 Berrechid - Beni Mellal Motorway* 549/2010 55,000 15,474 - 39,526 10,536 62 Dar Khrofa Dam* 556/2010 12,000 - 114 11,648 2,380 63 Tangier Med II Port* 558/2010 50,000 - - 50,000 10,010 64 High-Speed Train Tangier - Casablanca * 568/2011 30,000 - - 24,994 680 65 El Jadida - Safi Motorway* 579/2012 30,000 15,628 - 14,372 1,972 66 Water Supply of Tetouan Area 584/2012 7,000 - 15 5,320 190 67 Tangier Med II Port (Phase II) 602/2013 50,000 - 13,748 34,128 1,430 68 Irrigation of the Chtouka AÏt Baha 611/2014 50,000 - 21,931 26,256 - Region with Desalinated Water
* Completed Project.
Annual Report 2020 87 ANNEX 5 PAGE 18 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(11) Kingdom of Morocco 69 El Jadida - Safi Motorway 616/2014 30,000 13,129 - 16,871 551 (Supplementary Loan)* 70 Water Supply to Chefchaouen and 617/2014 15,000 - 1,037 2,086 - Neighboring Villages 71 Nador West Med Port 622/2015 60,000 - 5,010 24,786 - 72 High-Speed Train Tangier - 637/2016 50,000 - 2,137 48,484 - Casablanca (Second Loan) 73 Heightening of Mohamed V Dam 664/2019 30,000 - - - - 74 Laayoune City Ring Road 665/2019 42,000 - - - - 75 Development of Motorways 669/2019 70,000 - - - - Emergency Program to Ward Off the 680/2020 45,000 - - - - 76 Effects of the Corona Pandemic
Subtotal 1,539.900 191,466 44,257 1,063.085 669,075 (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 14,420 9 Transfer and Distribution of Water from 349/97 21,000 1,450 - 19,550 19,004 Al-Hidd Desalination and Power Station* 10 Interconnection of Al-Hidd Production 360/97 10,000 1,112 - 8,888 8,655 Facility to the Electric Grid* 11 Production and Utilization of Treated 367/98 15,000 3,842 - 11,158 10,358 Sewerage Effluent* 12 Hidd Industrial Area* 370/98 25,000 - - 16,878 16,878 13 The Housing Project (Second Loan)* 381/99 20,000 - - 20,000 17,820 14 Bahrain Specialized Hospital (P)* 1P/2001 3,000 - - 3,000 3,000 15 Expansion of the Electric Generation 417/2001 25,000 - - 20,956 16,560 and Transmission Systems* 16 Khalifa Bin Salman Port* 465/2004 15,000 5,616 - 9,384 5,109 17 Upgrading the Electrical 478/2005 14,000 7,000 - 7,000 3,770 Transmission Network* 18 Replacement of Sitra Causeway Bridge * 504/2006 19,000 - - 8,888 510 19 Upgrading 220 kV and 66 kV 544/2009 30,000 - - 24,290 9,020 Electrical Transmission Network* 20 Development of Water Supply Network 575/2011 30,000 - 663 26,602 2,580 Subtotal 301,500 33,268 663 236,847 173,516
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
88 Annual Report 2020 ANNEX 5 PAGE 19 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(13) Somali Democratic Republic 1 Inter-Riverine Settlements*(1) 23/76 6,400 1,250 - 4,571 264 2 Hargeisa-Rorama Road* 35/77 2,500 - - 2,098 235 3 Goluen-Gelib Road (First Loan)* 36/77 5,500 - - 5,500 362 4 Trypanosomiasis and Tsetse Control 52/79 1,600 - - 1,258 - (Phase I)* 5 Third Pan-Arab Telecommunications 66/81 1,700 - - 1,434 - 6 Mogadishu Water Supply II* 73/81 5,000 - - 3,015 - 7 Goluen-Gelib Road (Supplementary Loan)* 77/82 3,500 1 - 3,499 - 8 Mogadishu Electricity 80/82 2,000 - - 1,763 - 9 Fifth Pan-Arab Telecommunications 99/82 1,200 - - - - (Earth Stations) 10 Afgoi-Baidoa Road* 112/83 5,000 - - 682 - 11 Expansion of Gezira Power Station 137/84 4,800 - - - - 12 Fisheries Development in the North** 143/84 1,500 1,500 - - - Subtotal 40,700 2,751 - 23,821 861 (14) Islamic Republic of Mauritania 1 Nouadhibou Power Station* 21/76 5,200 - - 5,200 5,200
2 Nouakchott-Kiffa Motorway (First Loan)* 25/76 7,000 - - 7,000 7,000
3 Guelbs Iron Ore Production* 49/79 10,000 1 - 9,999 9,999 4 Boghi-Kehidi Road Maintenance* 75/81 1,500 - - 1,500 1,500 5 Nouadhibou Power Station 81/82 200 - - 200 200 (Supplementary Loan)* 6 Potable Water to the Rural Areas* 86/82 400 12 - 388 388 7 Fifth Pan-Arab Telecommunications 104/82 1,200 77 - 1,123 1,123 (Earth Stations)* 8 Nouakchott Power (First Loan)* 105/82 3,000 - - 3,000 3,000 9 Nouakchott Power (Second Loan)* 106/83 2,300 - - 2,300 2,300 10 Telecommunications in Nouadhibou* 119/83 2,100 - - 2,100 2,100 11 Development Credit (First Loan)* 135/84 2,000 - - 2,000 2,000 Educational, Health and Veterinary 12 139/84 4,500 2 - 4,498 3,233 Services* 13 Oases Development (Phase I)* 163/85 3,400 - - 3,400 2,398 14 Artisanal Fisheries Development in 178/86 3,200 425 - 2,775 1,640 Nouadhibou* Nouakchott Telephone/Telex 15 186/86 2,800 - - 2,800 2,800 Exchanges* Guelbs Iron Ore Production 16 202/87 1,300 - - 1,300 1,300 (Second Loan)* 17 Development Credit (Second Loan)* 203/87 1,000 723 - 277 277 18 Wilayas Electricity Supply* 216/88 7,500 - - 7,500 2,590 19 Boghi-Kehidi Road (Second Loan)* 219/88 3,100 12 - 3,088 1,276 20 Domestic Satellite Network* 227/89 5,000 11 - 4,989 1,852 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 2,080
* Completed Project. ** Fully Cancelled Loan. (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 2020 89 ANNEX 5 PAGE 20 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(14) Islamic Republic of Mauritania 23 Oases Development (Phase II)* 297/94 2,400 - - 2,400 2,375 24 Nouadhibou Water Supply* 313/95 10,000 - 75 10,000 9,296 25 Expansion of the Nouakchott Power 336/96 4,600 63 - 4,537 4,292 Generating Station* 26 Potable Water for the Interior Cities* 343/97 3,500 - - 3,500 3,050 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 5,743 from Manantali Dam to Mauritania* 29 Rehabilitation and Construction of 33 Small 375/98 3,500 - - 3,500 2,576 Dams in the Area Adjacent to Achram* 30 Reduction of Debt Burden** 406/2000 19,000 19,000 - - - 31 Connecting Boghe to the Manantali 408/2001 4,000 20 - 3,980 2,472 Electrical Grid* 32 Debt Reduction* 414/2001 14,000 - - 14,000 3,870 33 Nouakchott - Nouadhibou Road * 419/2001 16,000 435 - 15,565 9,355 34 Nouakchott Water Supply from the 454/2003 30,000 2 - 29,998 13,860 Senegal River* 35 Expansion of Nouadhibou Power 468/2004 7,000 - - 6,885 3,420 Generation Station 36 Nouadhibou Water Distribution Network* 475/2005 4,000 - 169 3,917 1,764 37 Power Generation Stations for 481/2005 2,000 1,911 - 89 89 Interior Cities* 38 Atar - Tidjikja Road 509/2007 11,000 - - 10,800 3,780 39 Developing Water and Road Services 510/2007 13,000 - - 13,000 4,020 in Rural Areas* 40 Nouakchott Water Supply from the 511/2007 37,000 - 9 37,000 10,320 Senegal River (Supplementary Loan)* 41 Lease Financing of Small and Medium- 6P/2007 1,000 - - 1,000 1,000 Size Projects and Enterprises (P)* 42 Drinking Water and Electricity Emergency 523/2007 15,000 - - 14,336 4,940 Project for the City of Nouakchott* 43 Rehabilitation of Al-Amal Road 531/2008 19,000 - - 14,984 4,160 (Sections II and IV) 44 Drinking Water and Electricity 535/2008 10,000 - - 9,379 2,430 Emergency Project for the City of Nouakchott (Supplementary Loan)* 45 Electricity Emergency Program for the City 547/2009 10,000 - - 9,757 2,340 of Nouakchott (Supplementary Loan)* 46 Water Distribution Network in Nouakchott 555/2010 10,000 - 394 9,061 1,080 47 Upgrade of the Power Generation and 569/2011 30,000 - 31 27,151 820 Transmission Systems in Nouakchott* 48 Supply of Drinking Water to the 570/2011 8,000 - 841 8,000 645 Region of Aftout Elcharghi* 49 Water Supply of Eastern Cities and 580/2012 20,000 - 572 18,493 - Villages from Dhar Basin 50 Development of Power Generating 588/2012 3,000 - - 1,987 81 Stations for Interior Cities 51 Construction of a 30 MW Wind Farm 590/2013 14,000 - - 13,992 380 in Nouakchott*
* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.
90 Annual Report 2020 ANNEX 5 PAGE 21 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(14) Islamic Republic of Mauritania 52 Néma - Mali Border Road (Section III) 593/2013 9,000 - 1,580 5,318 - 53 New Nouakchott International Airport 595/2013 9,000 - - 6,562 - 54 Drinking Water and Development of 601/2013 20,000 - - 20,000 - Oases in Rural Areas* 55 Construction of a Solar Power Station 610/2014 30,000 - 2,693 28,408 - in Nouakchott and the Modernization of the Electrical System 56 Development of Electricity 629/2015 33,000 - 3,353 17,902 - Transmission and Distribution Networks 57 Reinforcing the Electrical 625/2015 30,000 - 2,698 2,700 - Interconnection between Mauritania and Senegal (Nouakchott - Tobien Line) 58 Construction of a Wind Farm in Boulenoir 632/2016 35,000 - 3,440 27,715 - 59 Rehabilitation of the Guelb (1) Plant 641/2017 32,000 - - 1,973 - 60 Water Supply to the Cities of Laayoune 644/2017 15,000 - 2,207 10,127 - and Djiguenni, and Neighboring Villages 61 Electrical Interconnection Between 645/2017 42,000 - 1,786 5,587 - Nouakchott and Zouerate on 225 kV 62 Rehabilitation of Boutlimit - Aleg Road 658/2018 14,000 - - 2,192 - 63 Processing and Marketing of Pelagic 15P/2019 2,500 - - - - Fish in Nouadhibou (P) 64 Drinking Water and Development of Oases 668/2019 3,000 - 1,824 2,619 - in Rural Areas (Supplementary Loan) 65 Development of Oases 670/2019 9,000 - 204 204 - 66 Tidjikja - Kiffa - Selibabi - Mali Border Road 671/2019 52,000 - - - - 67 Emergency Program to Ward Off the 678/2020 15,000 - - - - Effects of the Corona Pandemic 68 Supply of Drinking Water to the Region of 683/2020 7,000 - - - - Aftout Elcharghi (Supplementary Loan) 69 Strengthening the Supply of Drinking 684/2020 24,000 - - - - Water to the City of Nouadhibou from the Boulenoir Basin Subtotal 793,200 24,810 21,876 505,938 160,454 (15) Sultanate of Oman 1 Gas Utilization* 29/76 6,000 1,517 - 4,483 4,483 2 Murayrat-Sohar Gas* 59/80 3,000 - - 3,000 3,000 3 Telecommunications* 120/83 3,000 - - 3,000 3,000 4 Sohar-Buraimi Power Station* 129/84 3,000 27 - 2,973 2,973 5 Fisheries Development* 162/85 3,000 1,706 - 1,294 1,294 6 Natural Gas Utilization (Phase IV)* 187/86 3,000 1,231 - 1,769 1,769 7 Water Desalination and Power for the 196/87 6,000 1,377 - 4,623 4,623 Capital Area* 8 Natural Gas Utilization (Stage 2 of Phase IV)* 257/91 7,000 203 - 6,797 6,797 9 Mina Qaboos Port Development* 266/92 6,000 1,860 - 4,140 4,140 10 Ghubrah Power Generation and 294/94 9,500 1,605 - 7,895 7,895 Water Desalination Station* 11 Industrial Estates in Rusayl and Nizwa* 302/94 6,000 1,249 - 4,751 4,751 12 Ghubrah Power Generation and Water 310/95 9,000 821 - 8,179 8,179 Desalination Station (Phase V)*
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2020 91 ANNEX 5 PAGE 22 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(15) Sultanate of Oman 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 7,020 25 Infrastructure Facilities for Sumail 576/2011 14,000 - - 14,000 - Industrial Estate* 26 Housing Program* 605/2013 40,000 - - 40,000 4,400 27 Development and Exparsion of Main 636/2016 50,000 - 6,979 44,704 - Roads 28 Transmission Lines of Desalinated Water 639/2016 60,000 - 2,784 16,317 - 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 - the Special Economic Zone of Duqm 30 Reinforcement of Desalinated Water 649/2017 60,000 - 3,480 3,480 - Transmission Lines in Ash Sharqiyah Governorates 31 Reinforcement of Desalinated Water 659/2018 70,000 - 4,608 4,608 - Transmission Lines in Al Batinah Governorates 32 Development and Expansion of the 660/2018 48,000 - - - - Third and Fourth Sections of the Sinaw - Muhut - Duqm Road 33 Development of the Second Part of 662/2019 30,000 - - - - Road 32 in the Special Economic Zone of Duqm (Supplementary Loan) 34 Housing Program 663/2019 60,000 - 16,378 28,378 - 35 Reinforcement of Desalinated Water 673/2020 25,000 - - - - Transmission Lines in Ash Sharqiyah Governorates (Supplementary Loan) 36 Fishing Port in Wilayat Daba in the 675/2020 27,000 - - - - Governorate of Musandam 37 Emergency Program to Ward Off the 681/2020 45,000 - - - - Effects of the Corona Pandemic 38 Desalinated Water Transmission 682/2020 30,000 - - - - Lines from Al Ghubrah to Al Seeb and from Barka to Ad Dakhiliya Governorate (Supplementary Loan) 39 Development of the First Part of 685/2020 24,000 - - - - Road 32 in the Special Economic Zone of Duqm (Supplementary Loan) Subtotal 952,500 164,516 34,230 304,473 144,404
* Completed Project. ** Fully Cancelled Loan.
92 Annual Report 2020 ANNEX 5 PAGE 23 of 23
Loans Extended to Beneficiary Member States, 1974 - 2020 (KD 000)
Cancelled Disbursements Disbursements Repayments No. Country / Project Loan Amount During as at as at No. of Loan Loans and Balances 2020 31/12/2020 31/12/2020
(16) Palestine 1 Wadi Far’a Irrigation* 158/85 3,000 2,154 - 846 846 2 Widening and Strengthening of Salah 340/97 5,000 169 - 4,831 3,584 Eldin Road* 3 Development of Health Services* 341/97 3,000 1 - 2,999 1,998 4 Rehabilitation of the Education 342/97 3,000 - - 3,000 2,079 Services* 5 The Rural Development Project* 376/98 3,000 300 - 2,700 1,548 Subtotal 17,000 2,625 - 14,375 10,054 (17) Republic of Djibouti 1 Third Pan-Arab Telecommunications* 67/81 1,000 - - 1,000 1,000 2 Djibouti Port Development* 89/82 1,500 - - 1,500 1,500 3 Fifth Pan-Arab Telecommunications 98/82 1,100 251 - 849 849 (Earth Stations)* 4 Expansion of Boulaos Power Station - Phase I* 116/83 3,000 491 - 2,509 2,509 5 Animal Wealth Development* 130/84 1,900 10 - 1,890 1,890 6 Southwest Asia-Middle East-Western 159/85 1,900 2 - 1,898 1,898 Europe (SEA-ME-WE) Submarine Cable (First Loan)* 7 Development Credit** 171/86 700 700 - - - 8 Telecommunications Development* 197/87 400 113 - 287 287 9 SEA-ME-WE II Submarine Cable* 262/91 1,500 - - 1,500 1,500 10 Modernization of Boulaos Power 373/98 3,000 1 - 2,999 2,293 Station - Phase II* 11 Modernization of the Port of Djibouti (Phase IV)** 390/99 3,000 3,000 - - - 12 Social Housing* 395/2000 5,000 - - 5,000 3,475 13 Development of the Education Sector 412/2001 4,000 283 - 3,717 2,153 14 Modernization of Boulaos Power 436/2002 3,000 83 - 2,917 1,710 Station - Phase III* 15 Social Housing (Phase II)* 456/2003 6,000 - - 6,000 2,465 16 Boulaos Power Generation Station 471/2004 4,000 21 - 3,979 1,748 Project - (Fourth Phase)* 17 Construction of Djibouti University 497/2006 5,000 - - 4,989 1,690 18 Rehabilitation of Drinking Water 532/2008 7,000 - - 7,000 720 Facilities in Djibouti City* 19 Upgrade of the Power Generation and 551/2010 9,000 8,943 - 57 57 Transmission Systems in the City of Djibouti* 20 Port of Tadjourah* 577/2012 10,000 - - 10,000 960 21 Rehabilitation of the Distribution Networks 598/2013 10,000 - 58 9,893 - of Drinking Water in Djibouti City* 22 Social Housing - Phase II 607/2014 1,000 3 - 997 - (Supplementary Loan)* 23 Social Housing in the City of Djibouti 618/2015 6,000 - 870 3,299 - 24 Port of Tadjourah (Supplementary Loan) 619/2015 3,000 - - 2,226 - 25 Completion of the Rehabilitation and 635/2016 20,000 - 1,293 6,248 - Reinforcement of the Drinking Water Distribution Network in Djibouti 26 Electricity Generation Using 652/2018 9,000 - 1,302 1,781 - Geothermal Energy 27 Damerjog Power Plant and 676/2020 30,000 - - - - Transmission Network Expansion and Development Project (Phase I) Subtotal 151,000 13,902 3,522 82,533 28,703 Grand Total 11,128.586 1,076.063 213,562 6,922.210 3,789.213
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2020 93 ANNEX 6 PAGE 1 of 3
Loans Extended to Finance Inter-Arab Projects, 1974 - 2020
(KD 000)
Cancelled Disbursements Disbursements Repayments Loan Amount No. Project / Country Loans and During as at as at No. of Loan Balances 2020 31/12/2020 31/12/2020
1 First Pan-Arab Telecommunications:
Algeria* 10A/75 300 52 - 248 248
Morocco* 10B/75 3,000 802 - 2,198 2,198
2 Aden-Taiz Road:
Yemen* 22A/76 3,800 - - 3,800 3,800
Yemen* 22B/76 6,500 - - 6,500 6,500
3 Navigation Inspection Unit:
Algeria* 55/80 2,000 70 - 1,930 1,930
4 Second Pan-Arab Telecommunications:
Jordan* 58/80 5,000 4,433 - 567 567
Syria* 60/80 2,700 918 - 1,782 1,782
5 Third Pan-Arab Telecommunications:
Somalia* 66/81 1,700 - - 1,434 -
Djibouti* 67/81 1,000 - - 1,000 1,000
Yemen* 68/81 1,400 - - 1,400 1,400
Yemen* 69/81 1,300 - - 1,300 1,300
6 Fourth Pan-Arab Telecommunications:
Algeria* 71/81 4,500 153 - 4,347 4,347
Tunisia* 72/81 3,700 - - 3,700 3,700
7 Inter-Arab White Cement Industry (Jordan - Syria):
Jordan* 78/82 5,000 - - 5,000 5,000
8 Potable Water to Rural Areas:
Jordan* 82/82 700 - - 700 700
Tunisia* 83/82 600 88 - 512 512
Sudan* 84/82 1,800 73 - 1,727 1,727
Morocco* 85/82 1,300 1,135 - 165 165
Mauritania* 86/82 400 12 - 388 388
Yemen* 87/82 1,500 - - 1,500 1,500
Yemen* 88/82 700 80 - 620 620 9 Tartous-Latakia Motorway:
Syria* 93/82 6,000 - - 6,000 6,000 10 Fifth Pan-Arab Telecommunications Earth Stations:
Syria* 95/82 1,000 - - 1,000 1,000
Jordan* 96/82 1,000 - - 1,000 1,000
Yemen* 97/82 1,200 - - 1,200 1,200
* Completed Project.
94 Annual Report 2020 ANNEX 6 PAGE 2 of 3
Loans Extended to Finance Inter-Arab Projects, 1974 - 2020
(KD 000)
Cancelled Disbursements Disbursements Repayments Loan Amount No. Project / Country Loans and During as at as at No. of Loan Balances 2020 31/12/2020 31/12/2020
Djibouti* 98/82 1,100 251 - 849 849
Somalia 99/82 1,200 - - - -
Sudan* 100/82 1,300 223 - 1,077 1,077
Tunisia* 101/82 1,000 3 - 997 997
Algeria* 102/82 1,000 - - 1,000 1,000
Morocco* 103/82 1,000 - - 1,000 1,000
Mauritania* 104/82 1,200 77 - 1,123 1,123
Syria* 172/86 1,000 - - 1,000 1,000
11 Sixth Pan-Arab Telecommunications, Submarine Gulf Cable (Bahrain - Qatar - UAE):
Bahrain* 113/83 3,000 - - 3,000 3,000
12 Zarqa - Almafraq - Syrian Border Road:
Jordan* 118/83 4,000 - - 4,000 4,000
13 Damascus - Sanamein - Jordan Border Road:
Syria* 128/83 9,000 - - 9,000 9,000
14 Geological and Water Mapping of Yemen:
Yemen* 132/84 1,200 151 - 1,049 1,049
Yemen* 133/84 1,200 211 - 989 989
15 Fifth Pan-Arab Telecommunications Arabsat Earth Station:
Iraq 141/84 5,000 627 - 4,373 893
16 Seventh Pan-Arab Telecommunications Submarine Gulf Cable (Bahrain - Kuwait):
Bahrain** 142/84 3,000 3,000 - - -
17 Mitigation of Earthquake Risks:
Algeria* 117/83 4,700 3,704 - 996 996
Jordan* 148/84 450 182 - 268 268
Tunisia* 149/84 575 48 - 527 527
Iraq* 150/84 525 22 - 503 143
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
* Completed Project. ** Fully Cancelled Loan.
Annual Report 2020 95 ANNEX 6 PAGE 3 of 3
Loans Extended to Finance Inter-Arab Projects, 1974 - 2020
(KD 000)
Cancelled Disbursements Disbursements Repayments Loan Amount No. Project / Country Loans and During as at as at No. of Loan Balances 2020 31/12/2020 31/12/2020
18 Pesticides Arab Joint Venture (Syria - Jordan):
Syria** 154/84 1,900 1,900 - - -
19 Ruwaishid Pilot Scheme in Hammad Basin (Inter-Arab):
Jordan* 184/86 1,500 4 - 1,496 1,496 20 Tenf Pilot Scheme in Hammad Basin (Inter-Arab): Syria* 185/86 1,700 - - 1,700 1,700 21 Hama - Saraqeb Road and Ain Eissa-Qintari Road: Syria* 214/88 8,000 31 - 7,969 7,741 22 Yemen Power Link: Yemen* 217/88 8,600 24 - 8,576 7,652 Yemen* 218/88 10,000 62 - 9,938 9,406 23 Jordan - Egypt Power Link: Jordan* 233/89 10,500 - - 10,500 10,500 Egypt* 234/89 34,100 3,339 - 30,761 30,761 24 Tunisia - Libya Power Link: Tunisia* 243/90 17,800 - - 17,800 16,740 Libya* 244/90 2,200 784 - 1,416 787 25 Strengthening Local Transmission Network within Morocco - Spain Electric Power Link: Morocco* 299/94 18,500 4,628 - 13,872 13,872 Morocco (Supplementary Loan)* 337/96 7,000 3,428 - 3,572 3,572 26 Interconnection of Jordan - Syria Electric Power Grids: Jordan* 311/95 19,500 - - 19,500 19,500 Syria 312/95 30,000 - - 28,223 17,290 27 Interconnection of Syria and Turkey Electric Power Grids: Syria* 314/95 26,000 2,936 - 23,064 10,714 28 Interconnection of the Libyan and Egyptian Power Grids: Libya* 326/96 12,000 2,590 - 9,410 6,650 29 Interconnection of the Lebanese and Syrian Electric Grids at 400 kV: Lebanon 400/2000 8,000 - 29 4,236 4,209 30 Natural Gas Pipeline (Al-Arish - Aqaba): Egypt* 427/2002 17,000 4,224 - 12,776 12,776 31 Arab Gas Pipeline Project - Third stage (Aleppo - Kalas Section): Syria 529/2008 10,000 - - 1,881 - 32 Electrical Interconnection Between the Arab Republic of Egypt and the Kingdom of Saudi Arabia: Egypt 603/2013 45,000 - - - - Total 394,125 42,170 29 291,829 255,321
* Completed Project. ** Fully Cancelled Loan.
96 Annual Report 2020 ANNEX 7
Grants Committed and Disbursed 1974 - 2020
(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 2020 31/12/2020
A. National Grants
1 Hashemite Kingdom of Jordan 63 15,894 67 15,827 6.9 1,059 13,331 2,496
2 Republic of Tunisia 19 7,470 750 6,720 3.0 1,502 6,016 1,003 Algerian Democratic and 3 People’s Republic 12 3,065 551 2,514 1.1 500 1,789 725
4 Republic of Sudan 26 14,702 1,025 13,677 5.9 - 12,527 1,150
5 Republic of Iraq 6 1,120 163 957 0.4 - 657 300
6 Kingdom of Saudi Arabia 9 1,520 668 852 0.4 - 852 -
7 Syrian Arab Republic 16 3,820 1,752 2,068 0.9 - 2,068 -
8 State of Libya 4 1,625 580 1,045 0.5 - 45 1,000
9 Arab Republic of Egypt 58 19,450 727 18,723 8.1 27 16,178 2,545
10 Republic of Yemen 53 18,286 564 17,722 7.7 418 11,961 5,761
11 State of Kuwait 36 4,211 74 4,138 1.8 163 3,993 145
12 Republic of Lebanon 57 23,671 2,935 20,736 9.1 1,339 14,173 6,863
13 Kingdom of Morocco 29 7,050 898 6,152 2.7 509 4,801 1,351
14 United Arab Emirates 7 194 9 185 0.1 - 185 -
15 Kingdom of Bahrain 15 2,318 265 2,053 0.9 8 2,053 -
16 State of Qatar 1 50 14 36 - - 36 -
17 Somali Democratic Republic 4 1,220 86 1,134 0.5 - 1,134 -
18 Islamic Republic of Mauritania 38 8,330 791 7,539 3.3 868 6,626 913
19 Sultanate of Oman 17 5,825 566 5,259 2.3 - 4,629 630
20 Palestine 175 29,575 1,107 28,468 12.3 1,000 28,468 -
21 Republic of Djibouti 8 1,650 42 1,608 0.7 250 1,357 250
22 Union of the Comoros 3 3,250 - 3,250 1.4 774 2,433 817
Total National Grants 656 174,296 13,631 160,665 69.8 8,418 135,314 25,351
B. Inter-Arab Grants 597 77,631 7,903 69,728 30.2 1,866 65,770 3,957
Total National and Inter-Arab Grants 1253 251,927 21,535 230,393 100.0 10,284 201,085 29,308 Urgent Program to Support C. the Palestinian People* 167,255 - 167,255 - 8,288 149,323 17,932 Program to Support the D. Resistance of Jerusalem** 29,651 - 29,651 - 220 28,624 1,027
Grand Total 448,833 21,535 427,298 - 18,792 379,032 48,267
*Support decided by the Arab Fund’s Board of Governors to the Palestinian people, over the period 2001-2020. ** Support decided by the Arab Fund’s Board of Governors to the resistance of Jerusalem, in 2010 and 2016.
Annual Report 2020 97 ANNEX 8
Co-financing Activities of the Arab Fund 1974 - 2020
Total Amount Percentage Contributors (KD Million) (%)
1. (A) National and Regional Development Institutions
Arab Fund for Economic and Social Development 4,453.0 31.5
Kuwait Fund for Arab Economic Development 1,545.4 10.9
Abu Dhabi Fund for Development 361.9 2.6
Saudi Fund for Development 699.4 5.0
Islamic Development Bank 1,003.9 7.1
OPEC Fund for International Development 114.3 0.8
Iraqi Fund for External Development 5.0 *
Libyan Foreign Bank 3.0 *
Subtotal 8,185.9 57.9
(B) Other Arab Sources 749.5 5.3
2. International Financial Institutions
World Bank 814.9 5.8
International Fund for Agricultural Development (IFAD) 54.3 0.4
African Development Bank 698.3 4.9
Subtotal 1,567.5 11.1
3. Foreign Governments and their Development Institutions 3,625.2 25.7
Grand Total 14,128.1 100.0
* Less than 0.1%.
98 Annual Report 2020
Contents
Page No.
Member States, Governors and Alternate Governors...... 3
Board of Directors...... 5
Basic Financial Data on the Arab Fund as at 31/12/2020...... 7
Overview of Arab Fund Activities...... 8
• First: The Lending Program...... 10 • Second: Grants ...... 17 •Third: Joint Arab Action ...... 25 • Fourth: Financial Statements for the Financial Year Ended 31 December 2020.... 29
Annexes ...... 39
• Annex 1 Project Sheets for Loans Extended During the Year 2020...... 41 • Annex 2 Capital, Resources and Status of Loans and Grants, 1972 - 2020...... 64 • Annex 3 Summary of Loans Extended to Member States, 1974 - 2020...... 68 • Annex 4 Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2020...... 69 • Annex 5 Loans Extended to Beneficiary Member States, 1974 - 2020...... 71 • Annex 6 Loans Extended to Finance Inter-Arab Projects, 1974 - 2020...... 94 • Annex 7 Grants Committed and Disbursed, 1974 - 2020...... 97 • Annex 8 Co-financing Activities of the Arab Fund, 1974 - 2020...... 98
100 Annual Report 2020