Arab Fund for Economic & Social Development Annual Report 2016 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: admin@arabfund.org Internet Web Site: www.arabfund.org Address: Arab Organizations Headquarters Building Airport Road, Shuwaikh State of Kuwait
Arab Fund For Economic & Social Development Member States, Governors and Alternate Governors Member States (1) Governors (2) Alternate Governors (2) The Hashemite Kingdom of Jordan H.E. Mr. Imad Najib Fakhoury H.E. Dr. Saleh A. Al-Kharabsheh The Republic of Tunisia H.E. Mr. Mohamed Fadhel Abdelkefi - The Algerian Democratic and People s Republic H.E. Mr. Hadji Baba Ammi - The Republic of Sudan H.E. Mr. Bader El-Din Mahmoud Abbas - The Republic of Iraq - - The Kingdom of Saudi Arabia H.E. Mr. Mohammed Bin Abdullah Al Jadaan - The Syrian Arab Republic - - State of Libya H.E. Mr. Osama Saad Hamad Saleh - The Arab Republic of Egypt H.E. Dr. Sahar Nasr H.E. Dr. Ashraf El-Araby The Republic of Yemen H.E. Dr. Muhammad Saeed Al Saadi H.E. Dr. Mohamed Ahmed Ali Al-Hawri The State of Kuwait H.E. Mr. Anas Khalid Al Saleh H.E. Mr. Abdulwahab Al-Bader The Republic of Lebanon H.E. Mr. Nabil Adnan Al-Jisr H.E. Mr. Alain Bifani The Kingdom of Morocco H.E. Mr. Mohamed Boussaid - United Arab Emirates H.E. Mr. Obaid Humaid Al-Tayer - The Kingdom of Bahrain H.E. Sheikh Ahmed Bin Mohammed Al-Khalifa H.E. Mr. Yousif Abdulla Humood The State of Qatar H.E. Mr. Ali Shareef Al Emadi - The Somali Democratic Republic* The Islamic Republic of Mauritania Sultanate of Oman H.E. Mr. El Moctar Ould Djay H.E. Mr. Darwish Bin Ismaeel Bin Ali Al-Bulushi - - H.E. Mr. Abass Sylla - Palestine H.E. Dr. Nabil Hani Al-Qaddumi H.E. Dr. Ismail El-Zabri 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. * Membership suspended pursuant to the Board of Governors Resolution No. 3 of 1993, which has been extended annually by subsequent resolutions of the Board of Governors until 2016. Annual Report 2016 3
Board of Directors Director General/Chairman of the Board of Directors Mr. Abdlatif Y. Al-Hamad Members of the Board Mr. Abdulwahab Al-Bader Mr. Ibrahim Bin Mohamed Al Mofleh Mr. Abderrahmane Raouya Mr. Taher Sarkez Dr. Shehab Eldin Marzban Mr. Saeed Rashid Al Yateem Mr. Ali Bin Mohammad Redha Bin Jaffar Mr. Fouzi Lekjaa Annual Report 2016 5
Basic Financial Data on the Arab Fund (KD Million) Capital* 2740.8 Total Resources 3333.5 Loans Number of Loan Agreements Signed During the Year 9 Total Amount of Signed Loan Agreements During the Year 445 Total Number of Loans 650 Cumulative Amount of Loan Agreements Signed 9269.7 Cumulative on Effective Loans 6013.8 Cumulative Loan Repayments 3202.1 Outstanding Debt Owed to the Arab Fund 2811.7 Grants Total Number of National and Inter-Arab Grants 1111 Cumulative National and Inter-Arab Grant Commitments 215.0 Cumulative Contributions to the Urgent Program to Support the Palestinian People Cumulative Contributions to the Program to Support the Resistance of Jerusalem 129.1 29.7 * During its Annual Meeting held on April 2, 2013, the Board of Governors resolved to increase the authorized capital of the Arab Fund to KD 4 billion and to raise the subscribed capital to KD 3 billion. This capital increase is to be effected through the capitalization of part of the additional reserve in the amount of KD 500 million, and by means of additional subscriptions by member states in the aggregate amount of KD 500 million, to be paid in installments over 5 years. The amount mentioned above represents the paid-in capital. Annual Report 2016 7
Overview of Arab Fund Activities Introduction During 2016, the Arab Fund s lending program focused on continued support to Arab countries efforts in implementing high-priority economic and social development projects. Priority was given to infrastructure projects aimed at providing facilities and basic services, increasing production capacity, and improving the investment environment in Arab countries. In addition, the Arab Fund continued to allocate national and inter- Arab grants to member countries aimed at providing institutional support and training, contributing to the financing of general studies and research, as well as organizing seminars and conferences, in addition to providing support to the Palestinian people through the Urgent Program and the Program to Support the Resistance of Jerusalem. Loans During the year, the Arab Fund extended 9 loans, to 6 Arab countries, for a total amount of KD 445.0 million. These loans contributed to the implementation of 9 projects, including 8 new and 1 previously financed project. The total cost of these projects was estimated at about KD 1.9 billion, with the loans provided by the Arab Fund covering about 23.5% of that amount. The share of loans provided to the energy and electricity sector represented about 28.1% of the total loan commitments during the year, that of the water and sewerage sector and the agriculture and rural development sector about 24.7% each, and that of the transport and telecommunications sector about 22.5%, of the total amount of loans. Cumulative Loans Since the commencement of its activities in 1974 and until the end of 2016, the cumulative number of loans provided by the Arab Fund to the public and private sectors has reached 650 for a total amount of about KD 9.3 billion. These loans contributed to the financing of 550 projects in 17 Arab countries, and covered about 25.6% of the total cost of these projects. The infrastructure sectors received the majority of loans extended during that period, with a share of about 69.8% of the total amount of loans, followed by the productive sectors with about 20.0%, then the social services sectors with about 7.1%, and the other sectors with about 3.1%. The cumulative number of loans extended to the private sector over that period has reached 14, for a total amount of about KD 56.0 million. Cumulative disbursements of loans extended to both the public and private sectors over the period 1974-2016 amounted to about KD 6.0 billion, representing about 76.1% of the net amount of effective loans. The Arab Fund also contributed to the capital of 7 private companies, for a total amount of about KD 31.7 million, in addition to its contribution to the capital of the fund established by the International Finance Corporation (IFC), in an amount of KD 10.0 million. 8 Annual Report 2016
Grants The Arab Fund provided 20 national and inter-arab grants in 2016, for a total amount of about KD 3.9 million. These grants included 10 national grants for a total amount of about KD 2.1 million, about 83.3% of which was allocated for institutional support and training, about 16.2% for general studies and research, and about 0.5% for seminars and conferences. The grants also included 10 inter-arab grants for a total amount of about KD 1.8 million, about 85.4% of which was allocated for institutional support and training, about 9.0% for seminars and conferences, and about 5.6% for general studies and research. The Arab Fund also continued its annual contribution to support the Palestinian people, allocating about KD 7.8 million during 2016 to the fourteenth phase of the Urgent Program, and about KD 15.3 million to the Program to Support the Resistance of Jerusalem. Cumulative Grants The cumulative amount of grants extended by the Arab Fund, since the commencement of its operations and until the end of 2016, has reached about KD 373.7 million, of which about KD 149.3 million were provided for the implementation of 586 national grants, about KD 65.7 million for the implementation of 525 inter-arab grants, about KD 129.1 million as contributions to the 14 phases of the Urgent Program to Support the Palestinian People, which began in 2001, and about KD 29.7 million as contributions to the Program to Support the Resistance of Jerusalem, during the years 2010 and 2016. Total disbursements of these grants amounted to about KD 294.9 million, or about 82.3% of their net amount. Joint Arab Action The Arab Fund continued, in 2016, its activities in various areas in support of priority sectors and in response to decisions and directives of Arab summits, which accorded a special importance to projects and issues related to joint Arab action. In this context, these activities included coordination between the Arab national and regional development institutions, and cooperation with international institutions, enhancement of Arab food security, support to small and medium enterprises, financing of Arab trade, establishment of an Arab development portal, preparation of the Joint Arab Economic Report, cooperation with the World Bank in the Arab Spring Development Initiative, and support to Arab and regional institutions. Financial Statements According to the Arab Fund s financial statements for the year ending, total income was about KD 82.11 million compared to about KD 96.50 million in 2015, while total administrative expenses were about KD 8.52 million compared to about KD 8.51 million in 2015. The Arab Fund s net profit for the year 2016 was about KD 59.18 million, compared to about KD 77.51 million for the year 2015. The statements also show that total member countries equity was about KD 3333.52 million, compared to about KD 3223.69 million at the end of 2015. Annual Report 2016 9
First: The Lending Program Preamble During 2016, the Arab Fund continued to support projects that have high priority in the development plans of Arab countries and strengthen their economic and social development efforts. The lending program for the year focused mainly on projects in the energy and electricity sector, the water and sewerage sector, and the transport and telecommunications sector. The program also included projects in the agriculture and rural development sector. Appraisal of Projects and Signed Loan Agreements 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 and field trips to ensure their technical and economic feasibility, and their conformity with development program priorities in member countries. A total of 9 loan agreements were signed during the year, for a total amount of KD 445.0 million. These loans contributed to the financing of 9 projects in 6 Arab countries. The total cost of these projects was estimated at about KD 1.9 billion, with the loans provided by the Arab Fund covering about 23.5% of that amount. Effective Loan Agreements A total of 10 loan agreements with 7 Arab countries, amounting to KD 329.0 million, became effective in 2016. These loans were provided for the implementation of projects in the sectors of transport and telecommunications, energy and electricity, water and sewerage, social services, and in other sectors. Public Sector Projects The Arab Fund extended 9 public sector loans during the year, amounting to KD 445.0 million, for the implementation of 8 new projects and 1 previously financed project. Table 1 shows the loan commitments by the Arab Fund during 2016, and Annex 1 provides the project sheets for these loans. Infrastructure sectors accounted for about 75.3% of the total amount of loans provided during 2016, in light of priorities set in member countries plans and programs that focused on improving these sectors and providing an environment conducive to investment and employment opportunities. In this context, three loans were extended to finance energy and electricity projects, and amounted to KD 125.0 million or about 28.1% of the total. These projects aim at meeting the increasing demand for electricity in Egypt through the construction of a power generating station, and in Mauritania through the construction of a wind farm, as well as reinforcing the electrical interconnection between Mauritania and Senegal. Two loans were extended to finance water and sewerage projects, and amounted to KD 110.0 million or about 24.7% of the total amount of loans extended during the year. The first loan was allocated for the construction of two dams and related water conveyance facilities in Tunisia, and the second for the construction of 10 Annual Report 2016
two transmission lines of desalinated water in Oman. Two loans were also extended to finance transport projects, for a total amount of KD 100.0 million or about 22.5% of the total. The first loan was allocated for the completion of the railroad for a high-speed train between Tangier and Casablanca in Morocco, and the second for the development and expansion of the main roads in Oman. The Arab Fund s loans for the year also included two loans for agriculture and rural development projects, for a total amount of KD 110.0 million or about 24.7% of the total, the first to finance phase I of the Roseires irrigation project in Sudan, and the second to finance a project to supply water and develop the agricultural system in the Sinai Peninsula in Egypt. Softening of Lending Terms With a view to increasing the grant element in Arab Fund s loans, the Board of Directors resolved, at its meeting held on November 27, 2016, to amend the Arab Fund s lending terms by reducing the rate of interest from 2.5% to 2.0% for low income member states, and from 3.0% to 2.5% for other member states, and to increase the loan repayment period to 30 years, including a grace period not exceeding 7 years, for all member states. Private Sector Projects The Arab Fund continued to support the role of the private sector in the economic and social development of Arab countries. During the year, the Arab Fund approved a contribution to the financing of a project to build a campus for a private university in Bahrain, through a subscription to the capital of the company which owns the project, and approved, in principle, the provision of a loan to the company. The Arab Fund also approved a contribution to the capital of a real estate company which is constructing a commercial and residential center in Morocco. It also studied several requests to participate in the financing of private sector projects in 4 Arab countries; they included projects in the industry, agriculture, fisheries and energy sectors. These requests remain under study. Annual Report 2016 11
Table 1 Loan Commitments During 2016 No. Country Project Amount of Loan (KD Million) Date of Signature of Loan Agreement 1 Republic of Tunisia 2 Islamic Republic of Mauritania 3 Arab Republic of Egypt Construction of Saida and Kalaa Kebira Dams, and Related Water Conveyance Facilities Reinforcing the Electrical Interconnection between Mauritania and Senegal (Nouakchott - Tobein Line) Damanhour Combined Cycle Power Generating Station (1800 MW) 50 26/01/2016 30 02/02/2016 60 05/04/2016 4 Republic of Sudan Roseires Irrigation (Phase I) 60 05/04/2016 5 Arab Republic of Egypt 6 Islamic Republic of Mauritania 7 Kingdom of Morocco 8 Sultanate of Oman 9 Sultanate of Oman Water Supply and Development of the Agricultural System in the Sinai Peninsula 50 05/04/2016 Construction of a Wind Farm in Boulenoir 35 06/04/2016 High-Speed Train Tangier - Casablanca (Second Loan) Development and Expansion of Main Roads Transmission Lines of Desalinated Water from Al Ghubrah to Al Seeb and from Barka to Ad Dakhiliya Governorate 50 22/12/2016 50 28/12/2016 60 28/12/2016 Total 445 12 Annual Report 2016
Monitoring of Public and Private Projects The Arab Fund continued to monitor the progress of ongoing projects, follow up the fulfillment of the conditions set forth in their loan agreements, and take the necessary steps to ensure their proper implementation. During 2016, 6 projects were completed; their total cost amounted to about KD 1.2 billion, with the Arab Fund covering about 19.4% of that cost. Cumulative Lending Activities Since the commencement of its operations in 1974 and until the end of 2016, the Arab Fund extended 650 loans, for a total amount of about KD 9.3 billion. These loans contributed to the financing of 550 projects in 17 Arab countries, and covered about 25.6% of the total cost of these projects. Annex 3 presents a summary of the loans extended to member countries over the period 1974 2016, while Annex 5 provides details on these loans. The cumulative amount of loans extended by the Arab Fund for infrastructure projects has reached about KD 6.5 billion, or about 69.8% of the total amount of loans, of which about KD 3.0 billion was allocated for energy and electricity projects, about KD 2.5 billion for transport and telecommunications projects, and about KD 1.0 billion for water and sewerage projects. Loans for the productive sectors projects amounted to about KD 1.8 billion, or about 20.0% of the total amount of loans, of which about KD 1.3 billion was allocated for projects in agriculture and rural development, and about KD 0.5 billion for projects in industry and mining. Loans for projects in the social services sectors amounted to about KD 0.7 billion, accounting for about 7.1% of the total, and were allocated to projects in education, health, housing and social development. The remaining 3.1% of the total amount of loans, about KD 0.3 billion, was provided to finance projects in other sectors, which include earthquake mitigation, financial leasing and administrative development. In addition to financing the main components of projects, the Arab Fund s loans also contributed to institutional support of the entities involved and training of their employees in order to enhance their efficiency. Table 2 shows the sectoral distribution of the loans extended by the Arab Fund during 2016 and over the period 1974 2016, while Annex 4 provides a summary of that distribution among beneficiary member countries over the same period. The cumulative lending activities of the Arab Fund also included 14 loans for private sector projects, for a total amount of KD 56.0 million, which contributed to 12 projects in Bahrain, Yemen, Mauritania, Sudan, Jordan and Egypt. These projects covered various areas, as they included the development of the productive sectors, especially iron and steel, sugar, grain silos and flour mills, glass and cement, as well as the tourism, health and financial sectors. In addition to the loans extended to the private sector, the Arab Annual Report 2016 13
Fund also contributed to the equity capital of 7 private companies in 4 Arab countries, namely Saudi Arabia, Egypt, Yemen and Sudan, in the fields of glass container manufacturing, iron and steel production, cement production, sugar production, power generation, healthcare services and storage facilities. By the end of 2016, the Arab Fund s total equity participation in these companies reached about KD 31.7 million, in addition to its contribution to the capital of the fund established by the International Finance Corporation (IFC) in the amount of KD 10.0 million. 14 Annual Report 2016
Table 2 Loan Commitments by Sector (KD Million) Sector 2016 1974-2016 Amount % Amount % 1. Infrastructure Sectors Transport and Telecommunications 100.00 22.5 2450.90 26.4 Energy and Electricity 125.00 28.1 2984.75 32.2 Water and Sewerage 110.00 24.7 1037.25 11.2 Subtotal 335.00 75.3 6472.90 69.8 2. Productive Sectors Industry and Mining - - 479.70 5.2 Agriculture and Rural Development 110.00 24.7 1368.80 14.8 Subtotal 110.00 24.7 1848.50 20.0 3. Social Services Sectors* - - 661.50 7.1 4. Other Sectors - - 286.83 3.1 Grand Total 445.00 100.0 9269.73 100.0 * Includes mainly the Education, Health, Housing and Social Development Sectors. Sectoral Distribution of Loan Commitments (Percentage) During 2016 During the Period 1974-2016 Agriculture and Rural Development 24.7% Transport and Telecommunications 22.5% Social Services Sectors 7.1% Other Sectors 3.1% Transport and Telecommunications 26.4% Agriculture and Rural Development 14.8% Water and Sewerage 24.7% Energy and Electricity 28.1% Industry and Mining 5.2% Water and Sewerage 11.2% Energy and Electricity 32.2% Annual Report 2016 15
Inter-Arab Projects The Arab Fund maintained its support to joint Arab efforts to build a basic framework and to strengthen means of communication and interconnections between member countries. Since the start of its operations in 1974 and until the end of 2016, the Arab Fund extended 68 loans for a total amount of about KD 394.1 million. These loans contributed to the implementation of 32 inter-arab projects in the areas of telecommunications, electric power, natural gas and international roads. Total disbursements of these loans have reached about KD 291.7 million at the end of 2016, or about 82.7% of their net amount. Annex 6 provides details on the loans extended by the Arab Fund to finance inter-arab projects over the period 1974 2016. 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 2016, 4 projects were co-financed with other institutions in Mauritania, Egypt, Sudan and Morocco, in the sectors of energy and electricity, transport and telecommunications, and agriculture and rural development. During the period 1974 2016, the total contribution of the Arab Fund to projects co-financed with Arab national, regional and international development institutions has reached about KD 4.1 billion, representing about 30.6% of the total amount of co-financing of about KD 13.3 billion. Annex 8 provides details on co-financing activities over that period. and Repayments Total disbursements during 2016 amounted to about KD 203.9 million. Cumulative disbursements of all loans over the period 1974 2016 amounted to about KD 6013.8 million, including KD 43.1 million for private sector projects. Repayments of loans in 2016 amounted to about KD 163.6 million, while cumulative repayments over the period 1974 2016 amounted to about KD 3202.1 million, which represented about 53.2% of cumulative disbursements. 16 Annual Report 2016
Box 1 Water Projects in Arab Countries Water resources in the Arab World are characterized by severe scarcity, as about 67% of its total area receives less than 100 mm/year of rainfall; thus, it is classified as desert and semi-desert. Arab countries suffer from severe strains on their available water resources. As the Arab World represents about 10% of the world s area and about 5% of its total population, it has only less than 0.5% of the world s renewable fresh water resources, which makes it among the world lowest rated in water per capita with approximately 700 m 3 per year, compared to the world average which exceeds 6000 m 3, and it is expected to decline to reach the water poverty level (500 m 3 /year) by the year 2030. The total renewable water resources in the Arab World are estimated at about 260 billion m 3 /year and are not all utilizable, as some of these resources are considered marginal and are far away from consumption areas. It should be noted that more than half of the water resources in Arab countries come from outside the Arab region, which constitutes an important issue for Arab water security, as these resources are subject to shortage and to deterioration in quality, especially in the absence of international agreements that secure the rights of Arab countries. Total water consumption in Arab countries is currently about 235 billion m 3, of which about 84% is allocated for agricultural purposes, and the remainder for domestic and industrial purposes. The harsh climatic conditions and the scarcity of water in the Arab region have negatively affected food security in this region, as it has shifted from being nearly self-sufficient in the early seventies to becoming the most dependent region in the world on food imports. The Arab World imports half of its food, despite the large investments made by the agricultural Arab countries to utilize most of their water resources for agriculture and implement major irrigation projects. Since its inception and until the end of 2016, the Arab Fund has provided 161 loans to finance dams, irrigation, drinking water and sewerage projects, for a total amount of about KD 2.4 billion. Dams and irrigation projects represented about 63% of this amount, and drinking water and sewerage projects represented about 37%. The share of loans in the water sector accounted for about 25% of the total Arab Fund s loans over that period, which reflects the importance and priority given to this sector. Among the most important water projects financed by the Arab Fund, are Merowe dam in Sudan, Wehdah dam in Morocco, Sidi El-Barraq dam in Tunisia, Bani Haroun dam in Algeria, conveyance of the Litani water to southern Lebanon for irrigation and drinking purposes, completion of the water conveyor from the Senegal river to supply the city of Nouakchott in Mauritania with drinking water, and the Fustat project to supply greater Cairo with drinking water in Egypt. As for sewerage projects, the Arab Fund s contributions focused on the development of sewerage facilities and networks in some Arab countries. Annual Report 2016 17
In its continued support to the efforts of Arab countries for the development of the water sector, the Arab Fund provided, in 2016, four loans for a total amount of KD 220 million, which constitutes about 50% of the total amount of loans provided during the year. These loans were extended for the implementation of the following projects: construction of Saida and Kalaa Kebira dams and related water conveyance in Tunisia, Roseires Irrigation (phase I) in Sudan, water supply and development of the agricultural system in the Sinai peninsula in Egypt, and transmission lines of desalinated water from Al Ghubrah to Al Seeb and from Barka to Ad Dakhiliya governorate in Oman. During the year, the Arab Fund also provided two grants, for a total amount of KD 320 thousand, for a water conservation program in southern Tunisia, and for the twelfth Gulf water conference to discuss water sector issues in the Arabian Gulf region. Over the past four decades, Arab countries have focused on the development of water resources through the construction of dams and the drilling of wells, and the transfer of water to meet the demand for drinking and industrial purposes, in order to increase agricultural production through the development of irrigated areas, and develop drinking water and sewerage services. The Arab Fund gave priority to the water sector in Arab countries, and supported their efforts to implement their plans, strategies and national policies to develop water resources and provide them for different uses. Despite the efforts to rationalize the use of available water resources, there still remains an urgent need to support and intensify efforts to face the challenges of water scarcity. Water projects are given priority in the Arab Fund s strategy, through the financing of studies and projects that are a priority in the development plans and programs of member countries. 18 Annual Report 2016
Second: Grants Grants During 2016 Many grant applications were reviewed during 2016, and priorities were determined in coordination with the concerned institutions in member countries, subject to available resources. A total of 20 grants, amounting to about KD 3.9 million, were approved during the year. These grants included 10 national grants, which amounted to about KD 2.1 million and were provided to 9 Arab countries. Grants also included 10 inter-arab grants which amounted to about KD 1.8 million, and were allocated to support activities of common interest to most Arab countries. In addition, support provided to the Palestinian people within the framework of the Urgent Program amounted to about KD 7.8 million, and that of the Program to Support the Resistance of Jerusalem amounted to about KD 15.3 million. Table 3 presents these grants. The Arab Fund continued to give priority to activities that reinforce institutional support and training, with 12 grants allocated to these activities for a total amount of about KD 3.3 million, representing about 84.3% of total grants provided during the year. These grants included 7 national grants for a total amount of about KD 1.8 million, and 5 inter-arab grants for a total amount of about KD 1.5 million. These grants aimed at enhancing the performance of specialized institutions by improving the quality of services they provide, and supporting the activities and programs of a number of research and education centers, in addition to providing a number of health centers with medication and medical equipment and devices in order to improve their services, as well as contributing to the financing of a project aimed at developing old neighborhoods in Muharraq, Bahrain. The grants provided during 2016 included 3 grants, for a total amount of about KD 0.4 million, for general studies and research in a number of countries. These grants, representing about 11.3% of the total amount of grants provided during the year, aimed at conducting studies on solar technologies, water conservation and waste management. The grants provided during the year also contributed to the organization of a number of seminars and conferences, for a total amount of about KD 0.2 million representing about 4.4% of total grants, on topics of common interest to most Arab countries. Table 4 shows the grant commitments by activity. Cumulative Grants The total amount of grants provided by the Arab Fund, since the beginning of its operations and until the end of 2016, amounted to about KD 373.7 million, of which about KD 215.0 million contributed to the financing of 1111 national and inter-arab grants, and about KD 158.7 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 586 for a total amount of about KD 149.3 million, and were allocated as follows: about KD 75.2 million for institutional support and training, about KD 17.1 million for feasibility studies and project preparation, about KD 5.9 million for general studies and research, and KD 183 thousand for seminars and conferences. These grants, provided to most Arab countries, aimed at improving the performance of specialized institutions, enhancing the quality of services they provide, training their employees and managers, developing their information systems and statistics, undertaking population censuses, supporting the activities of several research centers, and preserving national heritage. Furthermore, national grants included grants for a total amount of about KD 50.9 million, which were allocated to support emergency programs to alleviate the effects of natural disasters, local disturbances, or damage caused by external aggression on some Arab countries. Annual Report 2016 19
The number of inter-arab grants provided reached 525 for a total amount of about KD 65.7 million, and were allocated as follows: about KD 38.1 million to provide institutional support and training programs in several specialized scientific and research centers, about KD 13.2 million to undertake general studies and research in various economic and social development areas, about KD 6.4 million to conduct feasibility studies for specific projects, about KD 5.1 million to organize seminars and conferences to discuss priority developmental issues for Arab countries, and about KD 2.9 million to implement emergency programs. The cumulative contributions provided by the Arab Fund to support the Palestinian people within the framework of the Urgent Program, since its beginning in 2001 and until the end of 2016, amounted to about KD 129.1 million, and within the framework of the Program to Support the Resistance of Jerusalem, in 2010 and 2016, amounted to about KD 29.7 million. Grant Cumulative disbursements of grants approved over the period 1974 2016 amounted to about KD 294.9 million, including about KD 171.5 million for national and inter-arab grants, and about KD 123.5 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 2016, a total of 34 grants, amounting to about KD 5.8 million, were completed. This brought the total number of national and inter- Arab grants completed during the period 1974 2016 to 949, with a cumulative amount of about KD 153.0 million, while a total of 117 grants, amounting to about KD 53.6 million, remain under execution. Moreover, the total number of reimbursed and fully cancelled grants reached 45, for a total amount of about KD 8.5 million. Support to the Palestinian People Since the beginning of its operations, the Arab Fund has provided support to Palestine with the aim of limiting the destructive effects of the occupation s policies and the deprivation of the Palestinian people from mobilizing their resources and building their civil society. The total amount of contributions made by the Arab Fund to Palestine, over the period 1974 2016, reached about KD 204.3 million, including about KD 187.3 million in the form of grants, and the remaining as concessional loans provided to the Palestinian National Authority. The Program to Support the Resistance of Jerusalem: In accordance with the Arab Summit s decisions regarding support to the city of Jerusalem, the Arab Fund allocated in 2016 an urgent program in an amount of US Dollars 50.0 million (equivalent to about KD 15.3 million) to support the resistance of the Palestinian people in the holy city of Jerusalem, in addition to its contribution to the Urgent Program to Support the Palestinian People. The program aims at supporting institutions and civil societies in their efforts to improve education, health and social services. The program includes the development of school curricula, teaching support and improvement of the quality of teaching in kindergartens by providing a safe learning environment for children, as well as training of teachers in modern teaching and education techniques for students, in addition to the development of the infrastructure of schools in Jerusalem. The program also includes the implementation of housing projects to provide suitable housing to marginalized groups and to those whose houses have been destroyed with the aim to rid the city of an Arab presence. This program also aims at contributing to the support of health institutions to provide appropriate specialized health services for the residents of Jerusalem and other areas, the development of the capacities of the private sector to achieve sustainable economic development through the provision of business development services and 20 Annual Report 2016
financial services, as well as the support of renovation and rehabilitation works of buildings in the old town of Jerusalem. The Urgent Program to Support the Palestinian People: The Arab Fund continued its efforts to support the Palestinian people within the framework of the Urgent Program to Support the Palestinian People, renewed annually since 2001. During 2016, the Arab Fund allocated an amount of about KD 7.8 million, or about 10% of the Arab Fund s net income for 2015, to contribute to the fourteenth phase of the program. Thus, the total contribution of the Arab Fund to this program over the period 2001 2016 reached about KD 129.1 million, and disbursements reached about KD 111.8 million. The program contributed to the support of Palestine in various economic and social sectors within the framework of developmental priorities and programs. It contributed to the support of primary and university education by allowing for the construction and rehabilitation of school buildings to accommodate the growing numbers of students, and the support of educational institutions which were on the verge on collapse by allowing students to maintain their enrollment in universities and educational institutions to continue their educational role. The program also included support to institutions and civil societies which provide health, education and social services to the local community, to enable them to continue providing their services to the target groups. The Urgent Program included the development of infrastructure through the construction and rehabilitation of internal and rural roads, the improvement of the electrical grid to illuminate the rural areas, the provision of housing to the marginalized groups, the provision of drinking water to the rural areas, the reclamation and development of agricultural land to stop the settlement crawl, as well as the development of small and medium enterprises and support to the role of the private sector to achieve sustainable development. The program also contributed to the provision of specialized health services for heart disease, diabetes, ophthalmology and obstetrics, as well as medical equipment and devices to hospitals and medical centers, thereby allowing for the opportunity to forego medical services provided by Israel. In addition, the program contributed to the qualification and training of doctors in various medical specializations, and allowed for outstanding students to continue their university education in prestigious universities and educational institutions. The program also contributed to the reinforcement of the perseverance of the residents of Jerusalem and the Palestinian territories, and the provision of job opportunities for young graduates and their qualification and training. Cooperation with International and National Financial Institutions in Palestine: The Arab Fund continued its cooperation with the Islamic Development Bank, which monitors the implementation of projects financed through Al-Aqsa Fund. This cooperation included support to rural development projects, economic empowerment, emergency reconstruction works of historic buildings, construction of roads and schools, rehabilitation of water wells, reclamation of agricultural land, coverage of tuition and fees of university students, and support to non-governmental organizations that provide health, social and educational services. The total amount committed by the Arab Fund in this domain is estimated at about KD 30.0 million, including support to Jerusalem, and the disbursed amount reached about KD 24.4 million, or about 81%. Coordination between the Arab Fund and the Islamic Development Bank also included the selection of projects to be financed under the fourteenth phase of the urgent program. The Arab Fund also continued its management and follow up of grants provided by the OPEC Fund for International Development to Palestine. The total number of grants managed by the Arab Fund reached 359, amounting to about US Dollars 65.9 million, and disbursements of these grants amounted to about 98.3% of the total. Annual Report 2016 21
Table 3 Grants Approved During 2016 No. Beneficiary/Grant Amount Allocated (KD 000) No. of Grant Date of Board Approval A: National Grants 1 Algeria/ Contribution to the Financing of a Program for the Rehabilitation of Capabilities in Algeria (2) 300 2/2016 02/03/2016 2 Yemen/ Contribution to the Provision of Medicine to Cancer Patients (2) 300 5/2016 04/04/2016 3 Lebanon/ Contribution to the Coverage of the Cost of Surgery for Sick Children in the Cancer Center for the Period 2016-2017 (2) 200 6/2016 04/04/2016 4 Bahrain/ Contribution to the Second Phase of the Project on the Development of Neighborhoods in Muharraq (2) 150 7/2016 04/04/2016 5 6 Jordan/ Contribution to the Construction of an Additional Building (Student Dormitories and Teachers Apartments) for King s Academy (2) 200 8/2016 19/06/2016 Morocco/ Contribution to the Financing of a Study on the Integration of Solar Technologies to Enhance Agricultural Production Inside Greenhouses (3) 40 DG/13-2016 27/07/2016 7 Kuwait/ Contribution to the Financing of the Forum for Blind Arabs (4) 10 DG/14-2016 24/11/2016 8 Egypt/ Contribution to the Financing of the Second Phase of the Sustainable Development Plan and the Demining of the North Western Coastline (2) 300 15/2016 27/11/2016 9 Tunisia/ Contribution to the Financing of a Water Conservation Program in Southern Tunisia (3) 300 16/2016 27/11/2016 10 Jordan/ Contribution to the Coverage of the Cost of a Tomography Device to Diagnose and Treat Cancer in the King Hussein Cancer Center (2) 300 17/2016 27/11/2016 Total National Grants 2100 (1) Feasibility Studies and Project Preparation (2) Institutional Support and Training (3) General Studies and Research (4) Seminars and Conferences (5) Emergency Programs 22 Annual Report 2016
Table 3 (Continued) Grants Approved During 2016 No. Beneficiary/Grant Amount Allocated (KD 000) No. of Grant Date of Board Approval B: Inter-Arab Grants 1 ERF/ Contribution to the Financing of the Activities of the Arab Spring Initiative for Development during the Period 2014-2016 (the Portion for 2016) (2) 260 1/2016 01/01/2016 2 Arab Planning Institute/ Contribution to the Institute s Programs and Activities for the Financial Year 2015/2016 (2) 100 3/2016 02/03/2016 3 ERF/ Supporting ERF s Twenty Second Annual Meeting (4) 100 4/2016 02/03/2016 4 ICARDA/ Support to the Project for the Sustainability and Operation of the Regional Research Centers in Five Arab Countries (2) 1000 9/2016 19/06/2016 5 Arab Educational Information Network (Shamaa)/ Contribution to the Financing of the Network s Executive Program for the Period 2016-2018 (2) 60 10/2016 19/06/2016 6 Middle East and North Africa Health Policy Forum/ Contribution to the Coverage of the Forum s Expenses (4) 30 DG/11-2016 26/07/2016 7 Arab Planning Institute/ Contribution to the Coverage of the Costs of the Forum on Media and Technology for Development (4) 10 DG/12-2016 04/09/2016 8 Inter-Arab/ Kuwait Environment Protection Society/ Contribution to the Financing of a Project to Develop Waste Management in Some Arab Countries (3) 100 18/2016 27/11/2016 9 Gulf Federation for Cancer Control/ Contribution to the Financing of the Cancer Awareness and Prevention Program (2) 100 19/2016 27/11/2016 10 Water Science and Technology Association/ Contribution to the Financing of the Twelfth Gulf Water Conference (4) 20 DG/20-2016 15/12/2016 Total Inter-Arab Grants 1780 Total National and Inter-Arab Grants 3880 Fourteenth Phase of the Urgent Program to Support The Palestinian People 7751 Program to Support the Resistance of Jerusalem 15250 Grand Total 26881 (1) Feasibility Studies and Project Preparation (2) Institutional Support and Training (3) General Studies and Research (4) Seminars and Conferences (5) Emergency Programs Annual Report 2016 23
Table 4 Grant Commitments by Activity (KD 000) During 2016 During the Period 1974-2016 Activity National Grants Inter-Arab Grants Total National Grants Inter-Arab Grants Total Amount % Amount % Amount % Amount % Amount % Amount % 1 Feasibility Studies and Project Preparation - - - - - - 17120 11.5 6380 9.7 23500 10.9 2 Institutional Support and Training 1750 83.3 1520 85.4 3270 84.3 75175 50.3 38137 58.0 113312 52.7 3 General Studies and Research 340 16.2 100 5.6 440 11.3 5940 4.0 13171 20.0 19111 8.9 4 Seminars and Conferences 10 0.5 160 9.0 170 4.4 183 0.1 5109 7.8 5292 2.5 5 Emergency Programs - - - - - - 50870 34.1 2930 4.5 53800 25.0 Total National and Inter-Arab Grants 2100 100.0 1780 100.0 3880 100.0 149288 100.0 65727 100.0 215015 100.0 Urgent Program to Support the Palestinian People 7751 129071 Program to Support the Resistance of Jerusalem 15250 29651 Grand Total 26881 373737 24 Annual Report 2016
Grant Commitments by Activity (Percentage) National Grants during 2016 Inter-Arab Grants during 2016 General Studies and Research 16.2% Seminars and Conferences 0.5% General Studies and Research 5.6% Seminars and Conferences 9.0% Institutional Support and Training 83.3% Institutional Support and Training 85.4% National Grants during the Period 1974-2016 Inter-Arab Grants during the Period 1974-2016 Emergency Programs 34.1% Feasibility Studies and Project Preparation 11.5% Institutional Support and Training 50.3% Seminars and Conferences 7.8% Emergency Programs 4.5% Feasibility Studies and Project Preparation 9.7% Institutional Support and Training 58.0% Seminars and Conferences 0.1% General Studies and Research 4.0% General Studies and Research 20.0% Annual Report 2016 25
Box 2 The Security, Economic and Cultural Impacts of Antiquities Destruction and Theft in Arab Countries Arab Countries are rich with hundreds of archeological sites that contain valuable antiquities left by the many civilizations which flourished in the region since the dawn of mankind. These antiquities constitute part of the region s cultural heritage and a valuable economic resource, attracting international tourism and providing jobs. Recent political unrest in some countries of the region has led to a weakening of the law enforcement agencies and deterioration in the economic and living conditions of people, which exposed many antiquity sites, museums and antiquity storage warehouses, to looting by criminal gangs and terrorist groups which smuggle and sell their loot to finance their activities. Experts estimate the size of this looting activity in the tens of billions of dollars. This activity has resulted in the deprivation of countries in the region of their cultural heritage, and the destruction and vandalism of archaeological sites, thus inflicting severe damage to the tourism sector in the countries concerned, and undermining the security and stability of those countries, most notably Egypt, Iraq, Syria, Libya and Tunisia. Due to its commitment to support the efforts of Arab countries in facing this negative phenomenon and strengthening cooperation between countries of the region to combat it, and in response to a request by a number of concerned Arab countries, the Arab Fund sponsored, in collaboration with the Middle East Institute and the Antiquities Coalition, two international institutions with vast practical experience in security, economic and cultural issue, two regional meetings attended by the ministers in charge of antiquities and culture, and experts from countries of the region and from international institutions. The first meeting was held in Cairo, Egypt during the period 13-14 May, 2015 and wtended by six countries, while the second meeting was held in Amman, Jordan on September 8, 2016 with the participation of 17 Arab countries. The statements issued at the conclusion of these meetings (the Cairo Statement and the Amman Statement) outlined the required mechanisms to combat this phenomenon and eradicate it, which include information sharing, capacity building, raising of awareness, and coordination at the national, regional and international levels. 26 Annual Report 2016
Introduction Third: Joint Arab Action The Arab Fund continued, in 2016, its activities in various areas in support of priority sectors and in response to decisions and directives of the Arab summits, which accorded a special importance to projects and issues related to joint Arab action. The Arab Fund s interventions in support of Arab cooperation were numerous; they included financing of projects, technical and economic studies for Arab interconnection projects, seminars, research, as well as participation in initiatives related to the support of specialized inter- Arab institutions. Thus, the Arab Fund provided support to any activity aimed at achieving Arab integration between member countries. The following provides a brief of the main activities. Coordination between the Arab National and Regional Development Institutions and Cooperation with International Institutions The Arab Fund continued to act as the Coordination Secretariat of the Coordination Group, which includes the Arab national and regional institutions, preparing and participating in their periodic meetings and the meetings of the technical committees, as well as preparing and participating in the Coordination Group s meetings with regional and international financing institutions. During the year, the fifteenth meeting of the Heads of the Coordination Group institutions took place at the headquarters of the OPEC Fund for International Development in Vienna, Austria on January 17, 2016. The meeting was dedicated to the discussion of several topics, which included the Global Partnership for Effective Development Co-operation (GPEDC), and the strengthening of cooperation with the World Bank in numerous fields, particularly those related to food and water security, energy, social development, financial markets and poverty reduction. A High Level meeting was also held between the Heads of the Coordination Group Institutions and the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD/DAC) at the headquarters of the OPEC Fund for International Development on January 18, 2016. At this meeting, joint working methods to achieve the sustainable development goals for 2030 were explored. The seventy seventh Coordination Group meeting took place at the headquarters of the OPEC Fund for International Development during the period 9 11 May, 2016. At that meeting, many topics were studied and discussed, including partnership between the Coordination Group and the World Bank, for which a work program was agreed upon, and the New Financing Initiative to Support the Middle East and North Africa, for which the members of the Coordination Group expressed their willingness to contribute. The seventy eighth Coordination Group meeting, hosted by the Kuwait Fund for Arab Economic Development during the period 25 27 October, 2016, was dedicated to the latest developments in those topics, in addition to the discussion of cooperation between the members of the Group regarding the development of the financial and banking sector, as well as the Islamic Development Bank Group s initiative to establish a Lives and Livelihoods Fund. The Arab Fund participated during the year in two meetings related to the New Financing Initiative, which was launched by the Islamic Development Bank Group, the World Bank Annual Report 2016 27
and the United Nations, to support the Middle East and North Africa region through the mobilization of sufficient new financial resources to meet the large needs of the region. The first meeting was held in Amman, Jordan on January 26, 2016, and the second meeting was held in Jeddah, Saudi Arabia on March 14, 2016. Enhancement of Arab Food Security 1. Support to Agricultural Research to Achieve Food Security The Arab Fund continued its efforts to support research and use of modern agricultural technology, as they constitute the proper gateway to achieve sustainable agricultural development and Arab food security. The Arab Fund contributed to the financing of the second phase of the project on Enhancing Food Security in Arab Countries, in cooperation and coordination with the International Center for Agricultural Research in Dry Areas (ICARDA), and national agricultural research centers in ten Arab countries. The Arab Fund worked on mobilizing the necessary funds to implement the second phase of the project in cooperation with various lending institutions such as the Kuwait Fund for Arab Economic Development, the Islamic Development Bank, the International Fund for Agricultural Development (IFAD) and the OPEC Fund for International Development. The project resulted in the dissemination of advanced technology ready to be implemented by farmers, the expansion of applied research to address the obstacles faced by farmers such as drought and disease, and the enhancement of the professional and research capabilities of the technical cadre. The project also reinforced the existing strategic partnerships between the national agricultural research centers, ICARDA and the Consultative Group for International Agricultural Research (CGIAR), to expand the adoption, circulation and dissemination of modern technology. The use of the technology packages led to an increase in wheat productivity by 30%, a decrease in water use by 25% and an increase in water efficiency in the field by 75%. The second phase of the project will focus on expanding the scope of field implementation of the results among farmers in the Arab countries included in the project, to achieve sustainable growth in the productivity of grain production systems, adopt integrated production management, expand the establishment of model pilot areas to disseminate knowledge and apply the technology on a wide scale, and link these results with the study on Arab food security to implement agricultural development projects. 2. Study of Arab Food Security The Arab Fund provided, in 2014, a grant for the undertaking of a study aimed at achieving Arab food security through development projects in Sudan. The study comprised four tasks: the first task included identification of the magnitude of the Arab food security problem and its impact, and estimation of the food gap up to the year 2030; the second task included assessment of the water and land resources available in Sudan that could contribute to the resolution of the Arab food security problem. The third task involved construction of a mathematical model to determine the best method for the utilization of resources available in Sudan for producing and exporting competitively priced products, both agricultural and industrial. The fourth task involved the development of a timely sectoral plan to study and implement projects in Sudan that would contribute to the achievement of Arab food security. The final report of the study was submitted by the consultant in mid-2016, and steps are currently being taken to implement its recommendations. 28 Annual Report 2016
Support to Small and Medium Enterprises The Arab Fund supports the financing of small and medium enterprises in Arab countries through its contribution to the capital of the Special Account in the amount of US Dollars 100 million, as well as through its management of this account for which it provides an independent administration and separate accounts. The Special Account was established to support small and medium private sector enterprises in Arab countries, by providing loans to Arab governments and intermediary Arab financial institutions. To date, a total of 18 Arab countries contributed to the capital of this account, for a total amount of US Dollars 1310 million, of which about US Dollars 1267 million has been paid. The total number of loans provided by the Special Account by the end of December 2016 reached 32, in 12 Arab countries, for a total amount of US Dollars 1136 million; total disbursements of these loans reached about US Dollars 573.5 million. Arab Trade Finance Trade contributes to the economic and social development of Arab countries, through its support to Arab exports, by enhancing Arab productive capabilities, and through the provision of development requirements including equipment, machinery and devices. The Arab Trade Finance Program aims at achieving the goals of the Agreement for the 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 986.9 million. By the end of December 2016, the total amount of approved financing requests reached about US Dollars 13.3 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 The Arab Fund, as a member of the Coordination Group which includes national and regional Arab development institutions, contributed to the financing of a project to develop an Arab Development Portal, aimed at strengthening the management efficiency of development operations in Arab countries and increasing their effectiveness, and providing a platform to access references and information from several sources. The project is being implemented in three phases. The first phase consisted of the development of a database for five themes in Egypt and Tunisia, while in the second phase the scope of the portal was expanded to include several additional themes, and the number of countries involved was increased to include all Arab countries. However, the data collected for the Arab countries was limited to the period 2010 2014. Following the successful completion of the first two phases, the Coordination Group institutions are currently financing the third phase of the portal, which is being developed by the UNDP. This phase includes the completion of data on sectors that were not included in the previous two phases, and the addition of data covering the periods 1980 2009 and 2015 2018 for all sectors and all Arab countries. The third phase also includes the establishment of a protocol by which the database will be automatically updated when any of the contributing national statistics offices updates their data. The implementation of the third phase is expected to last three years, after which the portal will be managed by Annual Report 2016 29
one of the Arab institutions involved in the project or by an independent party. In order to ensure continuous cooperation with the UNDP, the Coordination Group institutions formed a technical committee and a steering committee to oversee the execution of the project. Preparation of the Joint Arab Economic Report The Joint Arab Economic Report is considered an important source of economic and social information on Arab countries, for both researchers and decision makers. The Arab Fund continues its annual participation in the preparation of this report, in cooperation with the General Secretariat of the League of Arab States, the Arab Monetary Fund and the Organization of the Arab Petroleum Exporting Countries (OAPEC). The Arab Fund prepares the chapters of the report on economic and social development, the agriculture and water sector, the industrial sector and Arab development aid. In addition, the Arab Fund prepares, on a rotating basis with the participating institutions, the chapter that addresses the theme of the report. The theme of this year s report, which was prepared by OAPEC, was Non Traditional Oil Sources: Facts and Prospects, and Impact on Arab Countries. Arab Spring Development Initiative In the framework of addressing the pressing developmental issues in Arab countries with a view to closing the knowledge gap within the community of researchers and decision makers, the Arab Spring Development Initiative (ASDI) was launched as a partnership between the World Bank and the Arab Fund, in the context of their longstanding cooperation. The Economic Research Forum (ERF) provides support to the initiative through the supervision of the implementation of the initiative s activities. ASDI, launched in 2014, aims at supporting the developmental efforts of the Arab countries undergoing political and economic transformation, known as the Arab Spring countries, in this critical transitional juncture of their history, through enhanced access to data and knowledge pertaining to the pressing developmental issues for decision makers in these countries. 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 policyrelevant research in relation to the political and economic transformation in the Arab Spring countries, and creation of a variety of platforms for policy discussions and dialogue on varying pressing topics for policy makers, researchers and other stakeholders such as the media and various segments of civil society, and making research outcomes available to them. The published studies and research within this initiative may be accessed through the following internet link: http://erf.org.eg/erf_programs_tax/asdi. Support to Arab and Regional Institutions The Arab Fund supports the activities of Arab and Regional institutions that promote Arab development directly or indirectly, especially in the areas of human resource development, studies and research, or seminars and conferences, as well as contributes to the enhancement of the ability of those institutions to carry out their missions. The Arab Fund has, in this regard, provided 52 grants to support the activities and programs of the International Center for Agricultural Research in the Dry Areas (ICARDA), for a total amount of about KD 14.1 million, of which a grant of KD 1 million was extended in 2016. The Arab Fund has also provided 36 grants to the Economic Research Forum, for a total amount of about KD 6.4 million, of which two grants amounting to KD 360 thousand were extended in 2016. 30 Annual Report 2016
Fourth: Financial Statements for the Financial Year Ended at 31 December 2016 I. Financial Position Assets: The value of Arab Fund assets increased in 2016 by KD 116 million 4% compared to 2015 reaching KD 3,416 million, this increase was mainly in Investments and loans as shown in the below schedule: Assets 2016 KD Million % 2015 KD Million % Variation KD Million Cash & Cash Equivalents 66 2% 46 1% 20 Investments 389 11% 331 10% 58 Share in the Capital of Related Institutions 49 2% 48 2% 1 Investment in Associate 77 2% 76 2% 1 Loans 2,809 82% 2,769 84% 40 Others Assets 26 1% 30 1% (4) Total 3,416 100% 3,300 100% 116 4% Liabilities: The value of Liabilities increased in 2016 by KD 6.5 million 9% compared to 2015 reaching KD 82.8 million, this increase was mainly in other liabilities as shown in the below schedule: Liabilities 2016 KD Million % 2015 KD Million % Variation KD Million Grants 28.0 34% 33.5 44% (5.5) Provision for Pension Fund 13.4 16% 12.8 17% 0.6 Other Liabilities 41.4 50% 30.0 39% 11.4 Total 82.8 100% 76.3 100% 6.5 9% Annual Report 2016 31
Members Equity: The value of members Equity increased in 2016 by KD 109 million 3% compared to 2015 reaching KD 3,333 million, this increase was mainly in Share Capital as shown in the below schedule: Members Equity 2016 KD Million % 2015 KD Million % Variation KD Million Share Capital 2,741 82% 2,660 83% 81 General Reserve 268 8% 263 8% 5 Additional Reserve 316 10% 289 9% 27 Other Reserves 8 0% 12 0% (4) Total 3,333 100% 3,224 100% 109 3% II. Income & Expenditures Income: The total Income for the year end amounted to KD 82.1 million compared to KD 96.5 million in 2015, with a decrease of (15%) reaching to KD (14.4) million. This decrease was mainly from Interest Income from loans as shown in the below schedule: Income 2016 KD Million % 2015 KD Million % Variation KD Million Interest Income from Loans 64.5 78% 87.3 91% (22.8) Net Investment Gain 17.0 21% 8.0 8% 9.0 Income from Arab Trade Finance Program 0.6 1% 0.9 1% (0.3) (Other operating Income / (Expenses 0.0 0% 0.3 0% (0.3) Total 82.1 100% 96.5 100% (14.4) (15)% Expenditures: The total Administrative Expenses for the year end amounted to KD 8.5 million which is almost the same amount of expenses for the previous year as shown in the below schedule: Expenditures 2016 KD Million % 2015 KD Million % Variation KD Million Salaries & Staff Provisions 6.8 80% 6.8 80% 0.0 Other Expenses 1.7 20% 1.7 20% 0.0 Total 8.5 100% 8.5 100% 0.0 0 32 Annual Report 2016
Net Profit: The net profit for the year end amounted to KD 59.2 million compared to KD 77.5 million in 2015, with a decrease of KD (18.3) million (24%) as shown in the below schedule: Net Profit KD Million 2016 % KD Million 2015 % Variation KD Million Net Profit before Provisions 73.6 124% 88.0 114% (14.4) Investments & Loans Provisions (14.4) (24)% (10.5) (14)% (3.9) Net Profit of the Year 59.2 100% 77.5 100% (18.3) % (24) III. Cash Flows Shown below is a schedule summarized for the main cash flows: Cash Flows 2016 KD Million 2015 Net change in investments at fair value through the statement of income of loans Repayments of Loans of grants Interest received Capital Paid (54.6) (203.9) 163.6 (8.9) 69.3 80.5 (43.0) (195.4) 181.1 (7.6) 85.0 105.4 IV. Financial Indicators of Arab Fund Performance Net Income/ Assets - ROA Financial Ratios 2016 % 1.7% 2015 % 2.3% Net Income/ Members Equity - ROE 1.8% 2.4% Expenditures/ Revenues 10.4% 8.8% Loans/ Assets 82.2% 83.9% Loans/ Members Equity 84.3% 85.9% Annual Report 2016 33
Arab Fund for Economic and Social Development Statement of Financial Position As at 31 December 2016 (KD 000) 2016 2015 Assets Cash and cash equivalents 66,444 46,313 Investments 389,254 330,554 Share in the capital of related institutions 48,789 47,773 Investment in an associate 77,253 76,329 Loans 2,808,658 2,768,537 Receivables from participants in the building 5,985 6,331 Other assets 19,948 24,151 Total assets 3,416,331 3,299,988 Liabilities and members equity Liabilities Grants 28,046 33,490 Provision for pension fund 13,379 12,803 Other liabilities 41,391 30,008 Total liabilities 82,816 76,301 Members equity Share capital 2,740,819 2,660,326 General reserve 268,319 262,401 Additional reserve 315,908 288,689 Grants reserve 3,424 3,898 Change in the fair value reserve 5,045 8,373 Total members equity 3,333,515 3,223,687 Total liabilities and members equity 3,416,331 3,299,988 34 Annual Report 2016
Arab Fund for Economic and Social Development Statement of Comprehensive Income For the year ended 31 December 2016 (KD 000) 2016 2015 Income Interest income from loans 64,472 87,322 Net investments gain 16,457 7,616 Interest income from time deposits and call accounts 564 335 Gain from an associate 656 861 Net operating (expenses) / income (36) 361 Total income 82,113 96,495 Administrative expenses Salaries and staff provisions 6,797 6,758 Other expenses 1,722 1,756 8,519 8,514 Net Income before provisions 73,594 87,981 Provision for impairment of investment contribution Private sector (14,156) (7,718) Provision for loans Private sector (259) (2,750) Net profit for the year 59,179 77,513 Other comprehensive (loss) / income Net change in fair value of investments available for sale (3,328) 4,253 Other comprehensive (loss) / income for the year (3,328) 4,253 Total comprehensive income for the year 55,851 81,766 Annual Report 2016 35
Arab Fund for Economic and Social Development Statement of Changes in Members Equity For the year ended 31 December 2016 (KD 000) Share capital General Reserve Additional Reserve Grants Reserve Change in fair value Reserve Retained Earnings Total Balance 1 January 2016 2,660,326 262,401 288,689 3,898 8,373-3,223,687 Profit for the year - - - - - 59,179 59,179 Other comprehensive loss for the year Total comprehensive income for the year - - - - (3,328) - (3,328) - - - - (3,328) 59,179 55,851 Paid-up capital share 80,493 - - - - - 80,493 Transfer to support people of Palestine Transfer to Arab Academic Fellowship - - (23,001) - - - (23,001) - - - - - (82) (82) Transfer to grants reserve - - - 2,959 - (2,959) - Transfer to general reserve - 5,918 - - - (5,918) - Transfer to additional reserve - - 50,220 - - (50,220) - Grants approved - - - (3,900) - - (3,900) Grants cancelled and transferred - - - 467 - - 467 As at 31 December 2016 2,740,819 268,319 315,908 3,424 5,045-3,333,515 Balance 1 January 2015 2,554,909 254,650 233,781 4,296 4,120-3,051,756 Profit for the year - - - - - 77,513 77,513 Other comprehensive income for the year Total comprehensive income for the year - - - - 4,253-4,253 - - - - 4,253 77,513 81,766 Paid-up capital share 105,417 - - - - - 105,417 Transfer to support people of Palestine Transfer to Arab Academic Fellowship - - (8,443) - - - (8,443) - - - - - (55) (55) Transfer to grants reserve - - - 3,876 - (3,876) - Transfer to general reserve - 7,751 - - - (7,751) - Transfer to additional reserve - - 65,831 - - (65,831) - Grants approved - - (2,480) (4,751) - - (7,231) Grants cancelled and transferred - - - 477 - - 477 As at 31 December 2015 2,660,326 262,401 288,689 3,898 8,373-3,223,687 36 Annual Report 2016
Arab Fund for Economic and Social Development Statement of Cash Flows For the year ended 31 December 2016 (KD 000) 2016 2015 Operating activities Net Profit for the year 59,179 77,513 Adjustments: Interest income from loans (64,472) (87,322) Gains on investments at fair value through statement of income (19,874) (9,502) Interest income from time deposits and call accounts (564) (335) Share in results from an associate (656) (861) Provision for Impairment of investment contribution Private sector 14,156 7,718 Provision for Loans Private sector 259 2,750 Provision for pension fund 1,786 1,767 (10,186) (8,272) Changes in operating assets and liabilities Net change in investments at fair value through statement of income (54,613) (42,965) of loans (203,938) (195,426) Repayment of loans 163,558 181,124 of grants (8,877) (7,563) Receivables from participants in the building 346 346 Other assets (110) (155) Special Account for Financing Small and Medium Enterprises 0 (79,412) Other liabilities (11,700) (6,965) Cash flows used in operations (125,520) (159,288) Interests received 69,349 84,982 Provision for employees pension paid (1,210) (1,776) Net cash flows used in operating activities (57,381) (76,082) Investing activities Net changes in other investments (2,981) (1,825) Net cash flows used in investing activities (2,981) (1,825) Financing activities Capital paid 80,493 105,417 Net cash flows from financing activities 80,493 105,417 Net increase in cash and cash equivalents 20,131 27,510 Cash and cash equivalents at beginning of the year 46,313 18,803 Cash and cash equivalents at end of the year 66,444 46,313 Annual Report 2016 37
Arab Fund for Economic and Social Development Independent Regional Arab Financial Organization - Kuwait Significant Accounting Policies a) Statement of compliance The financial statements of the Fund are prepared in compliance with accounting policies set out below and in the establishment convention of the Fund. b) Basis of measurement The financial statements are prepared on a fair value basis for investments at the fair value through comprehensive income statement and investments available for sale, except those with no available and reliable measure of fair value. Other financial assets and liabilities and non-financial assets and liabilities are carried at amortized cost or historical cost. The accounting policies followed by the Fund are agreeing accordingly with the same policies followed in the previous year, except in discounting loan provision for impairment. c) Investments Financial assets are classified as financial assets investments at fair value through comprehensive income statement, loans and receivables, or investments available for sale as deemed appropriate. The Fund determines the classification of its financial assets in principle upon recognition. Investments are designated at fair value through comprehensive income statement if they are managed, and their performance is evaluated on reliable fair value basis in accordance with documented investment strategy. Investment assets at fair value through comprehensive income statement 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 classified as available for sale are those, which are neither classified as held for trading nor designated at fair value through income statement. Investments available for sale are subsequently measured at fair value with unrealized gains or losses recognised in other comprehensive income until the investment is derecognized, at which time the cumulative gains or losses are recognised in the comprehensive income statement; or until these are identified for impairment, then the cumulative losses are recorded in the comprehensive income statement. Financial statements whose fair value cannot be reliably measured are carried at cost less impairment losses, if any. 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. 38 Annual Report 2016
e) Impairment An assessment is made by the Fund at each reporting date to determine whether there is objective evidence that a financial asset or group of financial assets may be impaired. All impairment losses are recognized in the statement of Comprehensive Income. f) Investment in associate The investment in the associated entity is equity accounted. The fund s share of the profit or loss shall be recognized on the basis of the equity percentage of the Fund of the total equity. g) Fixed assets Fixed assets are not capitalized but rather are directly recorded in statement of comprehensive income in the year of purchase. h) Provision for pension fund Provision for the Fund s obligation towards employees pension is determined based on contributions paid by the employees and the Fund, in addition to a return of 10% p.a. guaranteed by the Fund. i) Foreign Currencies Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the dates of the initial transactions. Nonmonetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. Gains or losses arising on translation of non-monetary items measured at fair value are treated in line with the recognition of gains or losses on change in fair value of the item. j) Cash and cash equivalents Cash comprises of current accounts with banks, Cash equivalents comprise bank balances and short term deposits with maturity of three months or less. k) Revenue recognition Interest income is recorded using the on a straight-line basis method that represent the price that fully discounts the cash flows from the expected life of the financial asset or a shorter period where appropriate, to the net carried amount of the financial asset. Interest and commission on loans to countries with unpaid past due interest for over three months are excluded from profit or loss and only recorded as income when received. Interest income from time deposits and call accounts is recognized on a time proportion basis. Fee and commission income is recognized when earned. Dividend income is recognized when the right to receive payment is established. Annual Report 2016 39
ANNEXES Annual Report 2016 41
Annex 1 Project Sheets for Loans Extended During the Year 2016 Annual Report 2016 43
ANNEX 1 PROJECT 1 OF 9 Republic of Tunisia Construction of Saida and Kalaa Kebira Dams, and Related Water Conveyance Facilities Loan No.: 631 Interest Rate: 3.0% Beneficiary: Ministry of Agriculture, Water Resources and Grace Period: 6 years Fisheries Project Cost: KD 74.4 million Maturity: 22 years Amount of 33 semi-annual KD 50.0 million Repayment: Loan: installments Date of Loan Agreement: 26/01/2016 First Installment: Date of Effectiveness: 20/09/2016 6 years following the first disbursement Objectives: The project aims at covering the expected deficit in drinking water of Grand Tunis (Tunis, Ariana, Ben Arous and Manouba Provinces), the Sahel (Sousse, Monastir and Mahdia Provinces) and the Cap Bon (Nabeul Province) regions, and meeting their need for water up to the year 2030. The project also aims at reducing the existing deficit in drinking water in Sfax province, through the storage of part of the water from the upper northern region of the country in the Saida and Kalaa Kebira dams, and its conveyance to the water treatment plants. The project will contribute to the provision of additional amounts of water for irrigation purposes in the Cap Bon, secure a drinking water reserve for the regions benefiting from the project, and also contribute to the reduction of the salinity of the water that is distributed and to the reduction in the depletion of groundwater resources currently used. Description: The project, which is expected to be completed by the end of 2020, includes the construction of Saida and Kalaa Kebira dams, pumping stations, pipeline conveyors to store water in the two dams and transport it to the treatment plants, the technical services required to review and complete the studies, and prepare the design and execution drawings, as well as construction supervision. The project consists of the following major components: 1. Construction of Saida and Kalaa Kebira Dams: This includes the construction of Saida dam in Manouba Province and Kalaa Kebira dam in Sousse Province, and consists of the following: a. Saida Dam: This includes the construction of a fill dam to form a tank with a storage capacity of 45 million m 3 at normal water level. The dam is about 49 m high above the wadi bed, and 1100 m long, with a crest width of about 8 m. The dam is supplemented in the right bank of the wadi by a dike about 250 m long and 10 m high, and in the left bank of the wadi by a dike about 550 m long and 6 m high. The dam also includes the construction of a concrete tower for the water intakes and bottom outlet. 44 Annual Report 2016
ANNEX 1 PROJECT 1 OF 9 b. Kalaa Kebira Dam: This includes the construction of a fill dam to form a tank with a storage capacity of 33 million m 3 at normal water level. The dam is about 33 m high above the wadi bed, and 2250 m long, with a crest width of about 7 m. The dam also includes the construction of a concrete tower for the water intakes and bottom outlet. 2. Water Conveyance Facilities Related to the Dams: This includes the construction and equipping of 3 pumping stations with capacity ranging between about 2 and 5 m 3 per second, under a rated head ranging between about 65 and 110 m, and the works to supply the stations with electricity, as well as the provision of monitoring and operating equipment. It also includes the laying of about 47 km of pipes with diameters ranging between about 1400 and 1800 mm, and the construction of a balancing tank with a capacity of about 5000 m 3. 3. Water Conveyance Facilities from Saida Dam to Beli Tank: This includes the construction and equipping of 2 pumping stations with capacity of about 4.6 m 3 per second each, under a rated head of about 81 m for the first and 128 m for the second, and the works to supply the stations with electricity, as well as the provision of monitoring and operating equipment. It also includes the laying of about 72 km of pipes with diameters ranging between about 1600 and 1800 mm, and the construction of two balancing tanks with a capacity of about 10000 m 3 each. 4. Technical Services: This includes the consultancy services required for review and completion of the studies, and preparation of the design and execution drawings, and construction supervision, as well as the services of international experts to review the studies and design of the dams, and provide technical advice during their implementation. Financing: The Arab Fund s loan covers about 67% of the total project cost. The Tunisian Government will cover the remaining cost of the project and any additional cost that may arise. Annual Report 2016 45
ANNEX 1 PROJECT 2 OF 9 Islamic Republic of Mauritania Reinforcing the Electrical Interconnection between Mauritania and Senegal (Nouakchott Tobein Line) Loan No.: 625 Interest Rate: 2.5% Beneficiary: SOMELEC Grace Period: 7 years Project Cost: KD 59.1 million Maturity: 25 years Amount of 37 semi-annual KD 30.0 million Repayment: Loan: installments Date of Loan Agreement: 02/02/2016 First Installment: Date of Effectiveness: 06/09/2016 7 years following the first disbursement Objectives: The project aims at reinforcing the electrical interconnection between Mauritania and Senegal in order to allow Mauritania to export the excess energy it expects to produce, from the existing and planned generation projects, to the Senegalese grid, which currently suffers from severe energy shortages. Description: The project, which is expected to be completed by the end of the first half of 2018, includes the construction of a 400 km double circuit 225 kv overhead line, starting at the Nouakchott Northern power generating station, in Mauritania, and ending in the city of Tobein, in Senegal. The project also includes the expansion of two existing substations, the construction of three new substations, the provision of the necessary consultancy services to supervise the works, the preparation of a study to assess the feasibility of an additional 225 kv interconnection between Mauritania and Mali, and the provision of institutional support for SOMELEC. The project includes the following main components: 1. Portion of Works in Mauritania: a. Construction of Overhead Line: This includes the construction of a double circuit 225 kv overhead line, 204 km long, extending from the Northern power generating station to the Mauritanian-Senegalese border. b. Expansion of the Substation Attached to the Northern Power Generating Station: This includes the expansion of the substation attached to the Northern power generating station, through the addition of two 225 kv bays, including all metering, relaying and protection equipment. c. Construction of Beni-Nagi Substation: This includes the construction of a 40 MVA 225/90 kv substation in Beni-Nagi, along with all the necessary metering, protection and control equipment. d. Construction of Tigent Substation: This includes the construction of a 40 MVA 225/90/33 kv substation in Tigent, along with all the necessary metering, protection and control equipment. 46 Annual Report 2016
ANNEX 1 PROJECT 2 OF 9 2. Portion of Works in Senegal: a. Construction of Overhead Line: This includes the construction of a double circuit 225 kv overhead line, 188 km long, extending from the Tobein substation to the Senegalese-Mauritanian border. b. Expansion of the Tobein Substation: This includes the expansion of the Tobein substation, through the addition of two 225 kv bays, including all metering, relaying and protection equipment. c. Construction of Saint Louis Substation: This includes the construction of a 40 MVA 225 kv substation in Saint Louis, along with all the necessary metering, protection and control equipment. 3. Consultancy Services: This includes the necessary consultancy services for assisting in the execution of contracts, review of project designs, supervision of works, and participation in witness testing and project taking over. 4. Study to Assess the Feasibility of Reinforcing the Interconnection between Mauritania and Mali: This includes performing a study to assess the feasibility of reinforcing the existing Mauritania-Mali interconnection on 225 kv. 5. Institutional Support: This includes the construction of laboratories, acquisition of instruments and equipment for locating faults on lines, training of SOMELEC staff on their use, and acquisition of maintenance management software. Financing: The Arab Fund s loan covers about 51% of the total project cost. It is expected that the Islamic Development Bank will contribute to the financing of the project with an amount equivalent to about KD 26 million (about 44%). The Mauritanian Government will cover the remaining cost of the project and any additional cost that may arise. Annual Report 2016 47
ANNEX 1 PROJECT 3 OF 9 Arab Republic of Egypt Damanhour Combined Cycle Power Generating Station (1800 MW) Loan No.: 627 Interest Rate: 3.0% Beneficiary: West Delta Electricity Production Company Grace Period: 5 years Project Cost: KD 361.5 million Maturity: 25 years Amount of 41 semi-annual KD 60.0 million Repayment: Loan: installments Date of Loan Agreement: 05/04/2016 First 5 years following the Date of Installment: first disbursement - Effectiveness: Objectives: The project aims at satisfying the increasing demand for power and energy, by raising the installed power generation capacity in the West Delta area by 1,800 MW. This will be accomplished by constructing a thermal power station north of the city of Damanhour, consisting of two combined cycle modules that use natural gas as their primary fuel. Description: The project, which is expected to be completed in the third quarter of 2019, represents the fifth and largest expansion in the Damanhour power station site, and comprises two 900 MW combined cycle modules. Each module consists of two 300 MW combustion turbine generator units, and one steam generation unit which comprises two heat recovery steam generators, a steam turbine, a power generator, and an air-cooled condenser. Hence the station s combined cycle design will have the form 2x(2x2x1). The station will run primarily on natural gas, as a new 8 million m 3 /day pipeline will be built linking the site to the city of Mahmoudia. The station will be linked to the unified power grid through 500 kv power lines, by a single circuit line to the Abu Qir and Kafr El-Zayat stations, and by a double circuit line to the Abu-Elmatamir station, and on 220 kv using existing power lines, by adding two new interconnection transformers. The project consists of the following main components: 1. Electromechanical, Thermal, and Electrical Machines and Equipment, and Accessories: This includes the design, manufacture, supply and installation of combustion turbine generators, steam turbine generators, heat recovery steam generators, switchyard, water treatment and pollution protection equipment, in addition to installation supervision and commissioning. It also includes the supply of transformers, medium and low voltage breakers, critical pipes, valves, pumps and drives, and all needed accessories. 2. Mechanical Installations: This includes the installation of pumps, critical pipes, valves and accessories, in addition to other mechanical installations and general mechanical works. 48 Annual Report 2016
ANNEX 1 PROJECT 3 OF 9 3. Electrical Installations: This includes the installation of transformers, medium and low voltage breakers, measurement and control systems, power distribution panels, and other accessories and installations, in addition to general electrical works. 4. Switchyard and Control System: This includes the design, manufacture, supply and installation of 500 kv and 220 kv switchyards. It also includes the supply of measurement and control systems, and the supervision of installation and commissioning. 5. Water Treatment System: This includes the design, manufacture, supply and installation of a water demineralization system, chemical dosing system, accessories, and the supervision of installation and commissioning. 6. Civil Works: This includes all the project civil works, including the construction of buildings, roads and storage tanks. 7. Technical Services and Insurance: This includes the technical services required for the project design, preparation of tender documents, bids analysis, assistance in procurement procedure, supervision of project execution and study of environmental impact, in addition to project insurance services. Financing: The Arab Fund s loan covers about 17% of the total project cost. It is expected that the European Investment Bank will contribute to the financing of the project with a loan equivalent to about KD 180 million (about 50%), the European Bank for Reconstruction and Development with a loan equivalent to about KD 60 million (about 17%), and the African Development Bank with a loan equivalent to about KD 23 million (about 6%). The West Delta Electricity Production Company will cover the remaining cost of the project and any additional cost that may arise. Annual Report 2016 49
ANNEX 1 PROJECT 4 OF 9 Republic of Sudan Roseires Irrigation (Phase I) Loan No.: 633 Interest Rate: 2.5% Beneficiary: Dams Implementation Unit Grace Period: 6 years Project Cost: KD 145.6 million Maturity: 25 years Amount of 39 semi-annual KD 60.0 million Repayment: Loan: installments Date of Loan Agreement: 05/04/2016 First 6 years following the Date of Installment: first disbursement - Effectiveness: Objectives: The project aims at developing irrigated agriculture and increasing agricultural production in the Republic of Sudan, through irrigation of about 51 thousand hectares (about 121 thousand feddan) of agricultural land in the Roseires region. The project will contribute to the generation of electrical energy from the hydroelectric power station included in the project, the improvement of the economic and living conditions of the farmers in the project region, and the provision of new employment opportunities. Description: The project, which is expected to be completed by the end of 2021, consists of the following main components: 1. Main Water Conveyor Works: These include the execution of all civil and hydromechanical works to construct the main conveyor, which consists of an earth canal with a length of about 46 km and a maximum discharge capacity of 300 m 3 per second. The works include the excavation, fill, concrete and other works necessary to construct the main conveyor and associated structures such the regulators, water intakes and outlets, as well as the supply and installation of all hydromechanical equipment and devices, and the monitoring and measurement systems necessary for water control. 2. Irrigation and Drainage Networks Works: These include the execution of all civil and hydromechanical works to construct earth canals for irrigation and drainage required to irrigate about 51 thousand hectares of agricultural land in the Roseires region. The total length of the main and minor irrigation canals is about 485 km with a maximum discharge ranging between 0.6 and 123 m 3 per second. The total length of the main and minor drainage canals is about 610 km with a maximum discharge ranging between 2 and 54 m 3 per second. The works include the excavation, fill, concrete and other works necessary to construct the irrigation and drainage canals and associated structures such the water intakes and outlets, as well as the supply and installation of all hydromechanical equipment and devices, and the monitoring and measurement systems necessary for water control. 50 Annual Report 2016
ANNEX 1 PROJECT 4 OF 9 3. Water Intake and Hydroelectric Power Station Works: These include the execution of all civil, hydromechanical, electrical and mechanical works necessary for the water intake in the Roseires dam, and the construction and equipment of a hydroelectric power station with an installed capacity of 55.5 MW. The works consist of the supply and installation of pipes to carry water from the intake to the power station with a diameter of about 5 m and a total length of about 890 m. The works also include the supply and installation of 3 Kaplan turbines, each with a rated capacity of about 18.5 MW under a discharge capacity of 100 m 3 per second at an average head of 21 m, the generators, transformers, breakers and all required equipment and devices, the measurement, protection and control systems, as well as a transmission line required to connect the power station with the existing substation in Roseires dam. 4. Technical Services: These include the consultancy services necessary to review the studies, prepare the detailed designs, execution drawings and tender documents, assistance in evaluation of bids and construction supervision. Financing The Arab Fund s loan covers about 41% of the total project cost. The Kuwait Fund for Arab Economic Development contributes to the financing of the project with a loan of KD 25 million (about 17%). The Sudanese Government will cover the remaining cost of the project and any additional cost that may arise. Annual Report 2016 51
ANNEX 1 PROJECT 5 OF 9 Arab Republic of Egypt Water Supply and Development of the Agricultural System in the Sinai Peninsula Loan No.: 634 Interest Rate: 3.0% Beneficiary: Ministry of Agriculture and Land Reclamation Grace Period: 5 years Project Cost: KD 50.0 million Maturity: 25 years Amount of 41 semi-annual KD 50.0 million Repayment: Loan: installments Date of Loan Agreement: 05/04/2016 First 5 years following the Date of Installment: first disbursement - Effectiveness: Objectives: The project aims at supplying water for drinking and irrigation purposes, and developing the agricultural system in 15 development compounds, 8 in the north Sinai governorate and 7 in the south Sinai governorate, out of 26 compounds to be established to settle bedouins. These compounds, which will host agricultural and industrial activities, constitute one of the components of the Sinai Peninsula s Development Program. Description: The project, which is expected to be completed in the second quarter of 2019, comprises the following components: 1. Drilling and Equipping Groundwater Wells: This includes all works related to the drilling of approximately 400 wells ranging in depth between 100 and 1100 m, equipping them with pumps, electrical generators, fuel tanks, and pump houses, as well as the drilling of observation wells to monitor the groundwater levels within each well field. 2. Construction of Irrigation Systems: This comprises all works and equipment required for the drip-irrigation of about 14 thousand acres, including laying the main pipelines to convey water from the wells to about 15 open ground reservoirs, the supply and installation of water filters, the main and secondary irrigation network pipelines, and the necessary booster pumps and fuel tanks. 3. Leveling the Agricultural Land: This includes all works related to the leveling of about 14 thousand acres of agricultural land. 4. Construction of Greenhouses and Installation of Beehives: This includes the construction of about 12 thousand plastic greenhouses, and the installation of about 14 thousand beehives. 5. Technical Services: This includes the consultancy services necessary to review the designs, specifications and tender documents of the project components, and project supervision. It also includes the update, completion and review of the water and soil studies in the various project areas, in addition to any other studies which may be required for the implementation of the project. Financing: The Arab Fund s loan covers 100% of the project cost. 52 Annual Report 2016
ANNEX 1 PROJECT 6 OF 9 Islamic Republic of Mauritania Construction of a Wind Farm in Boulenoir Loan No.: 632 Interest Rate: 2.5% Beneficiary: SOMELEC Grace Period: 7 years Project Cost: KD 40.9 million Maturity: 25 years Amount of 37 semi-annual KD 35.0 million Repayment: Loan: installments Date of Loan 06/04/2016 Agreement: First 7 years following the Date of Installment: first disbursement 06/09/2016 Effectiveness: Objectives: The project aims at utilizing the favorable characteristics of the Boulenoir area, with respect to the speed and direction of wind, to generate clean, low cost, energy that Mauritania can either consume locally or export to Mali and Senegal via the existing and under construction transmission lines between the three countries as part of the Manantali project. This will be accomplished through the construction of a 100 MW wind farm in the Boulenoir area, and its connection to the national transmission network, which is connected to the Manantali network. Description: The project, which is expected to be completed by the end of 2018, includes the construction of a 100 MW wind farm in the Boulenoir area, close to the city of Nouadhibou, comprising wind turbines, cables, circuit breakers and transformers, all associated civil, mechanical and electrical works, and the connection of the wind farm to the 225 kv transmission line currently under construction between Nouakchott and Nouadhibou, along with the provision of all necessary consultancy services. The project includes the following main components: 1. Wind Farm: This includes the supply and installation of several 24 kv wind turbines, having a total capacity of about 100 MW, along with associated civil, mechanical and electrical works, which include the foundations for the wind turbines, the internal road network, buildings, cables, circuit breakers with their associated measuring, protection and control equipment. 2. Interconnection to the Grid: This includes the construction of a 225 kv single circuit overhead line, 21 km long, to connect the windfarm to the Nouadhibou 225 kv substation, the supply and installation of two 225/24 kv transformers (one of them to be used as a spare), each rated at 125 MVA, a 225 kv circuit breaker to be installed at the windfarm, along with the necessary measuring, protection and control equipment. 3. Consultancy Services: This includes consultancy services to assist SOMELEC during contract negotiations, project supervision and participation in equipment witness testing and taking over. Financing: The Arab Fund s loan covers about 86% of the total project cost. The Mauritanian Government will cover the remaining cost of the project and any additional cost that may arise. Annual Report 2016 53
ANNEX 1 PROJECT 7 OF 9 Kingdom of Morocco High-Speed Train Tangier Casablanca (Second Loan) Loan No.: 637 Interest Rate: 2.5% Beneficiary: Office National des Chemins de Fer (ONCF) Grace Period: 5 years Project Cost: KD 855.7 million Maturity: 30 years Amount of 51 semi-annual KD 50.0 million Repayment: Loan: installments Date of Loan Agreement: 22/12/2016 First 5 years following the Date of Installment: first disbursement - Effectiveness: Objectives: The project aims at contributing to the economic and social development of the north western region of the Kingdom of Morocco, and at improving land transportation services to accommodate the rapidly growing demand for passenger railway transportation between Tangier, Kenitra, Rabat and Casablanca. The project also aims at improving the connection between urban areas through the use of the high-speed train, which provides a fast and safe means of transport for its passengers. In addition, the project will contribute to the development of various services inside and outside the five new passenger stations included in the project. Description: The project, which is expected to be completed by the end of 2018, consists of the following components: 1. Construction of a Railway line for the High-Speed Train: a. Infrastructure Civil Works: This includes all earth works required for the construction of the new double-rail railway line between Tangier and Kenitra with a length of 200 km. It also includes the construction of drainage works, bridges, over-passes and under-passes, as well as environmental protection works. The new railway line is divided into a northern section with a length of about 90 km, and a southern section with a length of about 110 km. b. Railway Works: This includes supplying and placing of ballast, manufacturing and installation of concrete sleepers, rails and railway switches. It also includes establishing two bases for railway works and maintenance in Asilah and Kenitra, and developing the train stations in Tangier and Kenitra. c. Electric Works and Systems: This includes works related to the electric overhead lines, transmission sub-stations, and the central control station in Rabat. It also includes control, signaling and telecommunications systems required for the regulation of train movements. 54 Annual Report 2016
ANNEX 1 PROJECT 7 OF 9 2. Rolling Stock: This includes procurement of 14 high-speed trains (320 km/hr). Each train consists of 2 locomotives and 8 double-deck passenger cars with a total capacity of 534 passengers. 3. Maintenance Workshop: This includes building and equipping a workshop in Tangier for the maintenance of high-speed trains. 4. Passenger Stations: This includes the construction and architectural works for five new passenger stations: Rabat Agdal, Rabat City, Tangier City, Kenitra, and Casablanca Passengers. These works include the construction of areas for various services, platforms, administrative buildings, offices, commercial shops, restaurants and car parks. 5. Consultancy Services: This includes the provision of consultancy services to prepare studies, detailed designs and tender documents, the supervision of the project execution, and assistance to ONCF in managing the execution of the project. 6. Land Expropriation: This includes the acquisition of land required for the project execution, as well as relocation of the utility networks that may obstruct the project alignment. Financing: The two Arab Fund loans, the first No. 568/2011 and the second, cover about 9% of the total project cost. The Kuwait Fund for Arab Economic Development contributes to the financing of the project with two loans for a total amount of KD 40.0 million (about 5%), the Saudi Fund for Development contributes with a loan equivalent to about KD 55.7 million (about 7%), the Abu Dhabi Fund for Development contributes with two loans for a total amount equivalent to about KD 37.9 million (about 4%), the Islamic Development Bank contributes with a loan equivalent to about KD 30.6 million (about 4%), and both the French and Moroccan governments contribute with loans and grants for a total amount equivalent to about KD 611.5 million (about 71%). Annual Report 2016 55
ANNEX 1 PROJECT 8 OF 9 Sultanate of Oman Development and Expansion of Main Roads Loan No.: 636 Interest Rate: 2.5% Beneficiary: Ministry of Transportation and Grace Period: 5 years Communications Project Cost: KD 90.3 million Maturity: 30 years Amount of 51 semi-annual KD 50.0 million Repayment: Loan: installments Date of Loan Agreement: 28/12/2016 First 5 years following the Date of Installment: first disbursement - Effectiveness: Objectives: The project aims at improving land transportation services on the main corridors of the road network to accommodate the rapid increase in road traffic and reduce traffic accidents. The project also aims at contributing to the economic and social development of Al-Batinah South and Dhofar governorates, which are located in the north and south of Oman, respectively. Description: The project, which is expected to be completed by the middle of 2018, comprises the development and expansion of two main roads, and the transformation of each of them from a single carriageway with two lanes, one in each direction, into a dual carriageway with four lanes, two in each direction. The two main roads are: First Road: Barka Nakhl Road, located in Al-Batinah South governorate, with a length of about 38.5 km, in addition to service roads with a total length of about 27 km. Second Road: Taqah Mirbat Road, located in Dhofar governorate, with a length of about 36.0 km, in addition to service roads with a total length of about 18 km. The project includes all the civil works required for the development and expansion of each road, through the construction of a new parallel road consisting of 2 lanes with a total width of 7.5 m, a median with a width ranging between 3.6 and 5.0 m, outside and inside shoulders with widths of 2.5 m and 1.2 m, respectively, in addition to the rehabilitation and partial reconstruction of the existing road, and consultancy services. The project components can be summarized as follows: 1. Civil Works: This includes, for each road, preliminary works, earthworks, removal of pavement layers, new pavement works, and structural works for interchanges, bridges, pedestrian overpasses and underpasses, and culverts. It also includes ancillary works such as road side protection, utility networks, road illumination and traffic safety works. 56 Annual Report 2016
ANNEX 1 PROJECT 8 OF 9 2. Consultancy Services: This includes, for each road, the provision of the consultancy services required for the preparation of studies, designs and tender documents, as well as assistance in tender evaluation and project supervision. Financing: The Arab Fund s loan covers about 55% of the total project cost. The Omani Government will cover the remaining cost of the project and any additional cost that may arise. Annual Report 2016 57
ANNEX 1 PROJECT 9 OF 9 Sultanate of Oman Transmission Lines of Desalinated Water from Al Ghubrah to Al Seeb and from Barka to Ad Dakhiliyah Governorate Loan No.: 639 Interest Rate: 2.5% Beneficiary: Public Authority for Electricity and Water Grace Period: 6 years Project Cost: KD 214.8 million Maturity: 30 years Amount of 49 semi-annual KD 60.0 million Repayment: Loan: installments Date of Loan Agreement: 28/12/2016 First 6 years following the Date of 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. Description: The project, which is expected to be completed in the first quarter of 2022, consists of the laying of main and secondary pipelines, the construction of water reservoirs, the upgrade of the capacity of a number of existing water pumping stations and the construction of new ones, the establishment of the necessary monitoring and control systems in the project facilities and operating them, as well as the required technical services to prepare the studies, designs and tender documents, and works supervision. The project consists of the following 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 1600 mm, and secondary pipelines with a total length of about 300 m and diameters ranging between 400 and 800 mm, as well as the necessary connections to link the new pipeline 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. 58 Annual Report 2016
ANNEX 1 PROJECT 9 OF 9 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, and the execution of the necessary works to meet the future demand for water. This component also includes the construction of storage tanks and water pumping stations in the new transmission line which is divided into two sections: the first from the Barka station to Izki, and the second from Izki to Jibreen. This component includes the following: a. Urgent Works: This includes the upgrade of the capacity of four existing water pumping stations to a capacity ranging between 4460 and 6460 m 3 /hour, and the construction of two new pumping stations, the first with a capacity of about 5150 m 3 /hour and the second with a capacity of about 4420 m 3 /hour. The works also include the construction of about three storage tanks to regulate water, each with a capacity of about 23 thousand m 3, the laying of about 14 km of pipelines with diameters ranging between 200 and 800 mm, in addition to the enhancement of the monitoring and control system to operate the stations. b. Distribution Line from Barka Station Plant to Izki: This includes the laying of pipelines with total lengths of about 98 km and diameters ranging between 1300 and 1600 mm, the construction of four storage tanks to regulate water, each with a capacity ranging between about 20 and 27 thousand m 3, and the construction of about five pumping stations, each with a capacity ranging between about 7670 and 11330 m 3 /hour, in addition to the upgrade of the capacity of the existing pumping station to about 7670 m 3 /hour. c. Distribution Line from Izki to Jibreen: This includes the construction of a balancing reservoir with a capacity of about 350 thousand m 3, the laying of pipelines with a total length of about 110 km and diameters ranging between 400 and 1600 mm, the construction of a storage tank to regulate water with a capacity of about 23 thousand m 3, the construction of a pumping station with a capacity of about 1640 m 3 /hour, in addition to the establishment of an integrated system to monitor and control the distribution line with its two sections and including all the stations and storage tanks. 3. Technical Services: This includes the required consultancy services to prepare the studies, designs and tender documents for the project, assist in tendering and bid analysis, works supervision, and implementation of any additional studies which may be required to achieve the project s objectives. Financing: The Arab Fund s loan covers about 28% of the total project cost. The Omani Government will cover the remaining cost of the project and any additional cost that may arise. Annual Report 2016 59
ANNEX 2 PAGE 1 OF 2 Capital, Resources and Status of Loans and Grants 1972-2016 (KD Million) Years Capital Total Resources Income Administrative Expenses Surplus Income Signed 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 1975 52.0 57.4 3.7 0.9 2.8 56.1 1976 99.6 108.5 5.9 1.5 4.4 98.2 1977 131.9 145.7 10.3 2.1 8.2 103.9 1978 164.9 186.2 11.3 2.2 9.1-1979 202.7 225.8 14.7 2.0 12.7 19.4 1980 260.7 313.2 22.1 2.2 19.9 30.2 1981 317.5 393.3 26.8 2.1 24.7 40.5 1982 374.2 482.9 36.7 2.4 34.3 67.3 1983 450.1 598.4 40.2 3.2 37.0 91.1 1984 520.5 680.4 40.2 2.9 37.3 85.6 1985 581.1 797.4 61.0 3.2 57.8 53.2 1986 642.2 960.5 113.8 3.2 110.6 104.5 1987 644.2 1,009.3 53.9 3.2 50.7 65.4 1988 644.3 1,062.0 80.0 2.9 77.1 112.9 1989 663.0 1,176.2 103.7 3.0 100.7 165.8 1990 663.0 1,236.7 68.9 3.2 65.7 195.0 1991 663.0 1,245.2 74.4 3.7 64.9 171.4 1992 663.0 1,344.4 116.7 3.2 104.7 175.7 1993 663.0 1,424.9 99.5 3.1 85.0 184.5 1994 663.0 1,421.5 2.8 3.3-0.4 194.4 1995 663.0 1,495.3 117.2 3.4 80.6 207.5 1996 663.0 1,584.8 98.5 4.0 94.4 266.4 1997 663.0 1,675.0 105.4 4.1 96.1 244.1 1998 663.0 1,747.8 83.8 4.7 77.9 258.0 1999 663.0 1,828.7 95.3 4.7 86.6 266.0 2000 663.0 1,933.2 81.4 4.7 76.7 279.5 2001 663.0 1,983.9 53.6 4.9 48.7 285.0 2002 663.0 2,054.4 34.2 4.9 78.6 293.5 2003 663.0 2,169.8 129.2 4.9 122.4 308.5 2004 663.0 2,266.0 119.3 5.2 113.2 309.0 2005 663.0 2,354.5 108.4 5.9 102.6 335.0 2006 663.0 2,451.1 126.5 6.6 119.6 345.0 2007 663.0 2,535.0 117.3 6.0 111.2 368.0 2008 2,000.0 2,513.4 6.0 6.7-0.9 366.8 2009 2,000.0 2,617.5 123.2 7.3 115.8 334.1 2010 2,000.0 2,669.7 95.4 6.9 89.3 360.5 2011 2,000.0 2,717.2 76.2 7.4 68.8 340.0 2012 2,000.0 2,808.6 112.0 8.4 103.6 379.0 2013 2,500.0 2,824.8 87.1 8.1 33.5 388.0 2014 2,554.9 3,051.8 92.8 8.3 84.4 412.5 2015 2,660.3 3,223.7 96.5 8.5 77.5 426.0 2016 2,740.8 3,333.5 82.1 8.5 59.2 445.0 Total - - 3,032.5 189.2 2,750.0 9,269.7 60 Annual Report 2016
ANNEX 2 PAGE 2 OF 2 Capital, Resources and Status of Loans and Grants 1972-2016 (KD Million) No. of Loans* Average Amount of Loan* Loan Repayments Grants Grant No. of Member States No. of Beneficiary Countries No. of Technical Staff - - - - - - 17 - - - - - - - - 17-18 8 4.6 1.8-0.2 0.1 17 7 26 11 5.1 11.7-0.5 0.1 20 8 30 14 7.0 18.3-0.4 0.2 21 10 43 15 6.9 24.7-1.0 0.6 21 11 56 - - 61.8 0.2 0.4 0.3 21-48 4 4.9 37.0 2.1 0.3 0.2 21 6 30 9 3.4 25.5 3.4 0.7 0.2 21 8 32 13 3.1 36.1 6.0 1.3 0.2 22 11 29 26 2.6 26.8 9.5 1.3 0.7 22 9 21 29 3.1 30.2 11.9 1.5 0.6 22 12 32 21 4.1 29.9 10.8 1.3 0.7 22 11 37 17 3.1 44.5 12.6 1.4 1.2 22 11 44 20 5.2 57.3 26.2 3.3 1.0 22 10 50 11 5.9 48.4 25.5 3.8 2.2 22 7 50 20 5.6 45.5 26.0 5.1 2.7 22 9 50 15 11.1 84.0 31.1 3.8 4.8 22 8 50 18 10.8 40.6 26.8 4.7 3.4 21 8 52 11 15.6 85.7 46.6 3.3 4.2 21 8 45 13 13.5 103.1 44.7 3.4 3.2 21 8 46 12 15.4 116.5 40.5 5.9 3.2 21 6 43 16 12.2 115.7 40.1 3.5 4.1 21 9 45 12 17.3 174.8 42.4 5.8 3.9 21 7 46 18 14.8 212.7 46.9 2.9 3.5 21 9 61 22 11.1 178.5 50.0 4.9 3.0 21 9 66 18 14.3 165.6 53.1 3.9 3.9 21 10 65 15 17.7 173.2 51.9 6.3 4.5 21 12 68 15 18.6 228.8 119.5 13.0 5.8 21 10 69 15 19.0 182.8 93.9 5.0 5.2 21 11 69 15 19.6 161.2 90.6 4.1 4.5 21 10 71 16 19.3 199.7 122.5 7.0 5.9 21 10 68 18 17.2 250.3 101.0 5.1 6.1 21 9 67 19 17.6 282.2 155.1 4.5 6.2 21 11 69 18 19.2 281.5 306.3 13.9 7.8 21 9 68 16 23.0 274.5 136.5 11.3 6.5 21 8 67 16 22.9 284.7 129.5 10.5 6.9 21 6 68 18 18.6 249.3 186.9 7.5 8.0 21 8 69 14 25.7 291.7 167.2 9.6 7.0 21 8 69 12 28.3 233.0 157.3 13.4 6.5 21 6 65 13 29.2 235.0 165.3 7.5 8.4 21 9 66 18 21.6 251.5 158.4 7.4 10.1 21 8 67 15 27.5 257.8 159.1 13.1 8.0 22 8 71 15 28.4 195.4 181.1 7.2 7.6 22 8 72 9 49.4 203.9 163.6 3.9 8.9 22 6 76 650 14.3 6,013.8 3,202.1 215.0 171.5 - - - * Based on the date of signature of the loan agreement. Annual Report 2016 61
Growth in Arab Fund Resources During the Period 1972-2016 (KD Million) 3500 3000 Reserves Capital 2500 2000 1500 1000 500 0 1972 1975 1980 1985 1990 1995 2000 2005 2010 2016 62 Annual Report 2016
Loans,, Repayments and Debt Owed to the Arab Fund During the Period 1974-2016 (KD Million) 3000 2500 2000 Million KD 1500 1000 500 0 1974-1979 1980-1984 1985-1989 1990-1994 1995-1999 2000-2004 2005-2009 2010-2016 Loans Repayments Debt Owed to the Arab Fund Cumulative Loans,, Repayments and Debt Owed to the Arab Fund During the Period 1974-2016 10000 9000 8000 (KD Million) 7000 6000 Million KD 5000 4000 3000 2000 1000 0 x x x x x x x x x 1974 1980 1985 1990 1995 2000 2005 2010 2016 Loans Repayments x Debt Owed to the Arab Fund Annual Report 2016 63
ANNEX 3 Summary of Loans Extended to Member States, 1974-2016 (KD Million) Beneficiary States No. of Loans Approved Net Approved Amount of Loans Cancelled Net % Net Loans Effective Loans and Effective Loans % to Effective Loans 1 Hashemite Kingdom of Jordan 48 47 589.6 43.0 546.6 6.5 546.6 491.0 89.8 2 Republic of Tunisia 55 55 865.8 55.3 810.5 9.6 810.5 567.9 70.1 3 Algerian Democratic and People s Republic 26 25 395.3 112.5 282.8 3.3 282.8 282.8 100.0 4 Republic of Sudan 41 40 784.8 13.0 771.8 9.1 651.8 503.0 77.2 5 Republic of Iraq 10 9 59.7 10.6 49.1 0.6 36.4 19.6 53.7 6 Syrian Arab Republic 51 50 697.0 39.5 657.5 7.8 597.5 467.1 78.2 7 State of Libya 9 8 175.7 33.2 142.5 1.7 142.5 132.9 93.2 8 Arab Republic of Egypt 59 58 1,440.7 89.9 1,350.8 16.0 1,240.8 921.7 74.3 9 Republic of Yemen 105 102 927.9 24.6 903.3 10.7 849.0 553.3 65.2 10 Republic of Lebanon 28 27 489.0 36.4 452.6 5.3 418.6 264.3 63.1 11 Kingdom of Morocco 72 71 1,352.9 137.3 1,215.6 14.4 1,165.6 919.5 78.9 12 Kingdom of Bahrain 20 19 301.5 33.3 268.2 3.2 268.2 227.0 84.6 13 14 Somali Democratic Republic Islamic Republic of Mauritania 12 11 40.7 2.8 37.9 0.4 37.9 23.8 62.8 57 57 558.7 5.8 552.9 6.5 552.9 369.0 66.7 15 Sultanate of Oman 28 27 481.5 164.5 317.0 3.7 207.0 191.9 92.7 16 Palestine 5 5 17.0 2.5 14.5 0.2 14.5 14.4 98.8 17 Republic of Djibouti 24 22 92.0 5.0 87.0 1.0 84.0 64.5 76.7 Total 650 633 9,269.7 808.9 8,460.8 100.0 7,952.9 6,013.8 76.1 64 Annual Report 2016
ANNEX 4 Sectoral Distribution of Loans Among Beneficiary Member States, 1974-2016 (KD Million) Beneficiary States Transport Infrastructure Sectors Telecommunications Energy and Electricity Water and Sewerage Productive Sectors Agriculture and Rural Development Industry and Mining Social Services Sectors* Other Sectors Grand Total Percentage 1 Hashemite Kingdom of Jordan 36.6 6.0 299.9 8.8 121.4 22.5 58.0 36.5 589.6 6.4 2 Republic of Tunisia 299.8 4.7 130.8 109.9 216.0 59.0 25.0 20.6 865.8 9.3 3 Algerian Democratic and People s Republic 45.0 7.8 147.0 30.0 77.3 10.0 70.0 8.2 395.3 4.3 4 Republic of Sudan 198.6 7.7 229.5 29.3 255.5 64.2 - - 784.8 8.5 5 Republic of Iraq - 5.0 8.5-8.0 18.8-19.4 59.7 0.6 6 Syrian Arab Republic 69.0 60.7 368.0 47.5 86.1 52.1 13.0 0.6 697.0 7.5 7 State of Libya - 12.5 127.2 - - 36.0 - - 175.7 1.9 8 Arab Republic of Egypt 132.0-875.4 146.0 50.0 121.9 83.4 32.0 1,440.7 15.5 9 Republic of Yemen 326.9 8.9 208.9 112.6 63.3 35.2 126.1 46.0 927.9 10.0 10 Republic of Lebanon 89.0-115.5 82.0 63.0-105.5 34.0 489.0 5.3 11 Kingdom of Morocco 701.0 4.0 85.5 122.3 397.5 9.0 33.0 0.6 1,352.9 14.6 12 Kingdom of Bahrain 50.5 6.0 84.0 66.0-25.0 70.0-301.5 3.3 13 14 Somali Democratic Republic Islamic Republic of Mauritania 16.5 2.9 6.8 5.0 9.5 - - - 40.7 0.4 88.8 11.1 253.8 155.9 10.3 19.3 4.5 15.0 558.7 6.0 15 Sultanate of Oman 228.5 3.0 22.0 105.0 3.0 6.0 40.0 74.0 481.5 5.2 16 Palestine 5.0 - - - 6.0-6.0-17.0 0.2 17 Republic of Djibouti 17.5 5.9 22.0 17.0 1.9 0.7 27.0-92.0 1.0 Total 2,304.7 146.2 2,984.8 1,037.3 1,368.8 479.7 661.5 286.8 9,269.7 100.0 Percentage 24.8 1.6 32.2 11.2 14.8 5.2 7.1 3.1 100.0 * Includes Education, Health, Housing and Social Development Sectors. Annual Report 2016 65
Sectoral Distribution of Loans Among Beneficiary Countries, 1974-2016 (KD Million) 1600 1400 1200 1000 800 600 400 200 0 Jordan Tunisia Algeria Sudan Iraq Syria Libya Egypt Yemen Lebanon Morocco Bahrain Somalia Mauritania Oman Palestine Djibouti Transport Telecommunications Energy & Electric Power Water & Sewerage Agriculture & Rural Development Industry & Mining Social Services Others 66 Annual Report 2016
ANNEX 5 PAGE 1 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (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 58/80 5,000 4,433-567 567 Telecommunications* 6 White Cement Industry (Jordan and Syria)* 78/82 5,000 - - 5,000 5,000 7 Potable Water to the Rural Areas* 82/82 700 - - 700 700 8 Electric Power Development III 92/82 5,000 - - 5,000 5,000 (Aqaba Power Station)* 9 Fifth Pan-Arab Telecommunications 96/82 1,000 - - 1,000 1,000 (Inter-Arab)/(Earth Stations)* 10 Small Farmers Credit in the Jordan Valley* 108/83 2,500 - - 2,500 2,500 11 Zarqa-Al Mafraq-Syrian Border Road* 118/83 4,000 - - 4,000 4,000 12 Central Ghors Irrigation* 145/84 6,000 82-5,918 5,918 13 Mitigation of Earthquake Risks* 148/84 450 182-268 268 14 The Lower Zarqa River Basin* 165/85 5,000 - - 5,000 5,000 15 Zara-Ghor Haditha Road* 175/86 5,600 27-5,573 5,573 16 Ruwaishid Pilot Scheme in Hammad 184/86 1,500 4-1,496 1,496 Basin (Inter-Arab)* 17 Extension of Aqaba Thermal Power 192/87 7,000 7,000 - - - Station** 18 Shaidiya Phosphate Mines* 224/89 8,000 700-7,300 7,300 19 Jordan-Egypt Power Link* 233/89 10,500 - - 10,500 10,500 20 Supporting Operations of Jordan 239/90 8,000 - - 8,000 8,000 Electricity Authority and the Jordan Phosphate Mines Co.* 21 Industrial Development Bank 252/90 5,000 17-4,983 4,983 Operations Program, 1990-1993* 22 Karameh Dam* 277/93 15,000 1,104-13,896 13,896 23 Second Agricultural Credit for Income 283/93 2,500 - - 2,500 2,325 Diversification* 24 King Abdallah Teaching Hospital* 285/93 10,000 399-9,601 9,610 25 Aqaba Power Station Phase II 301/94 35,000 - - 35,000 32,000 and Reinforcement of Internal Transmission Lines* 26 Interconnection of Jordan and Syria 311/95 19,500 - - 19,500 17,255 Power Grids (Jordan)* 27 Aqaba Thermal Power Station (Phase III)* 320/95 26,000 - - 26,000 22,940 28 Hwarat-Abu Zeighan Irrigation Water 333/96 1,900 595-1,305 1,135 Pipeline* 29 Infrastructure Development in the 358/97 6,000 446-5,554 3,739 Poor Areas* 30 Integrated Development in the Southern Ghors* 359/97 34,000 11,395-22,605 17,133 * Completed Project. ** Fully Cancelled Loan. Annual Report 2016 67
ANNEX 5 PAGE 2 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (1) Hashemite Kingdom of Jordan 31 Integrated Development in the Southern 365/98 12,000 356-11,644 8,494 Ghors (Phase II - Mujib Dam)* 32 King Abdallah Teaching Hospital 371/98 15,000 29-14,971 11,331 (Second Loan)* 33 Prince Hamza Hospital* 386/99 23,000 9,348-13,652 8,892 34 Al-Wehdah Dam* 394/2000 35,000 6,082-28,918 14,468 35 Education Reform - School Buildings* 444/2003 10,000 318-9,682 4,482 36 Amman Development Corridor (Section I)* 455/2003 12,000 1-11,999 2,479 37 Al-Samra Power Generating Station* 462/2004 21,000 - - 21,000 8,400 38 Amman Development Corridor - 499/2006 10,000 - - 10,000 580 Phase I (Second Loan)* 39 Al-Samra Power Generating Station (Phase II)* 515/2007 20,000 - - 20,000 5,130 40 Comprehensive Development of Wadi 522/2007 6,000-399 5,926 1,190 Araba Region (Phase l) 41 Al-Samra Electric Power Generating 524/2007 30,000 - - 30,000 5,160 Station (Phase lii)* 42 Al-Samra Electric Power Generating 542/2009 30,000 - - 30,000 4,050 Station (Financing Phase IV and Additional Financing for Phase III)* 43 Sanam Coated Glass Factory (P)* 12P/2010 4,500 323-4,177 418 44 Al-Samra Electric Power Generating 567/2011 30,000 - - 27,519 820 Station (Phase V)* 45 Al-Samra Electric Power Generating 587/2012 30,000 - - 27,632 - Station (Phase VI)* 46 Al-Samra Electric Power Generating 620/2015 16,000-626 626 - Station (Phase VII) 47 Program to Supoort Small and Medium 623/2015 30,000 - - - - Private Sector Projects and Enterprises 48 Infrastructure Development in the 630/2015 6,000-683 683 - Petra Region Subtotal 589,650 43,039 1,708 490,997 282,525 (2) Republic of Tunisia 1 Tunis Sud Electric Power* 3/74 2,000 1-1,999 1,999 2 El-Borma Gas* 15/75 4,000 4-3,996 3,996 3 Development Credit* 34/77 7,000 - - 7,000 7,000 4 Water Supply for Industry in Gabes* 50/79 3,300 1,018-2,282 2,282 5 Ghardima Plain Irrigation* 57/80 3,500 478-3,022 3,022 6 Bizerte Fisheries Port* 64/81 3,800 649-3,151 3,151 7 Fourth Pan-Arab Telecommunications* 72/81 3,700 - - 3,700 3,700 8 Potable Water to Rural Areas* 83/82 600 88-512 512 9 Wadi Lubna for Irrigation and 91/82 3,500 1,628-1,872 1,872 Agricultural Development* 10 Fifth Pan-Arab Telecommunications 101/82 1,000 3-997 997 (Earth Stations)* 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 * Completed Project. (P): Private Sector Project. 68 Annual Report 2016
ANNEX 5 PAGE 3 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (2) Republic of Tunisia 13 Burj Tomi, Mater and Sajnan Irrigation* 144/84 6,000 2,700-3,300 3,300 14 Mitigation of Earthquake Risks* 149/84 575 48-527 527 15 Integrated Rural Development (Phase I)* 166/85 14,000 - - 14,000 14,000 16 Northern Roads Development* 190/87 7,000 - - 7,000 7,000 17 Monastir Fishery Port* 195/87 1,300 72-1,228 1,228 18 Al-Qairawan Plain Irrigation* 207/88 5,500 2,079-3,421 3,421 19 Tunis Municipality Road Rehabilitation* 213/88 2,700 - - 2,700 2,700 20 Rehabilitation and Maintenance of the Phosphoric Acid and Fertilizers Company s Factories* 228/89 16,000 - - 16,000 16,000 21 Hammamat-Masaken Motorway* 242/90 20,000 - - 20,000 20,000 22 Tunisia-Libya Power Link* 243/90 17,800 - - 17,800 12,960 23 Maintenance of Flood-Damaged Roads* 253/90 5,000 1,049-3,951 3,951 24 Sidi El-Barraq Dam Project for Potable Water and Irrigation* 273/92 20,000 3,217-16,783 16,783 25 Integrated Rural Development (Phase II)* 293/94 21,000 372-20,628 20,013 26 Roads Development* 296/94 10,000 - - 10,000 9,405 27 University Buildings in Gafsa* 321/96 10,000 2,119-7,881 6,609 28 Al-Wakael Project (Phase III)* 328/96 5,000 254-4,746 4,081 29 Zarqa Dam and the Irrigation of Tbarqa and Mekna Plains* 338/96 13,000 3,830-9,170 7,055 30 Hima, Abeed, Rumail and Al-Bark Dams for Irrigation* 348/97 22,000 6,497-15,503 11,948 31 Supporting the Vocational Training and Employment Programs* 361/97 11,000 134-10,866 7,896 32 Improvement of the Roads Network and Rural Roads* Development* 374/98 35,000 30-34,970 23,970 33 Tunis - Bizerte Motorway* 382/99 24,000 4,877-19,123 12,523 34 El-Kebir and El-Maoula Dams* 391/99 28,000 4,525-23,475 12,085 35 Development of the Industrial Parks* 402/2000 14,000 4,776-9,224 6,260 36 Tunis - Mejez El-Bab Motorway* 405/2000 25,000 1,885-23,115 13,440 37 Developmental Credit Lines* 413/2001 11,000 2,000-9,000 5,458 38 Construction of Six Dams in the North to Supply Potable Water* 428/2002 32,000 6,263 154 25,737 12,037 39 Modernization of the Transmission Network* 443/2003 30,000 - - 30,000 13,760 40 Sarrat Dam and Irrigation of Oulad Bou Ghanem and Mahjouba Plains 459/2004 12,000-1,560 8,183 2,520 41 Al-Wakael Project (Phase IV)* 464/2004 4,000 1,702 22 2,298 1,353 42 Regional and Rural Roads Network* 483/2005 16,000 125-15,875 4,525 43 Wadi Al-Kabir Dam in Gafsa Province 490/2006 3,000-785 2,354 510 44 Ghannouch Combined Cycle Power Generating Station 494/2006 25,000 - - 24,938 4,970 45 Regional and Rural Roads Network (Phase II)* 518/2007 22,000 1,226-20,774 4,844 46 Ghannouch Combined Cycle Power Generating Station (Supplementary Loan)* 543/2009 15,000 - - 15,000 3,010 47 Sousse Power Generating Station (Second Expansion) 553/2010 37,000-1,023 28,666 1,000 * Completed Project. Annual Report 2016 69
ANNEX 5 PAGE 4 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (2) Republic of Tunisia 48 Oued Zarga - Bousalem Motorway 561/2011 38,000-8,671 20,830-49 Urgent Program to Support Small 573/2011 15,000 - - 5,000 - Private Sector Projects 50 Integrated Development Program 574/2011 42,000-3,882 15,554-51 Mdhila 2 Triple Super Phosphate 592/2013 22,000-1,961 1,961 - Fertilizer Production 52 Regional and Rural Roads Network 608/2014 40,000-9,597 10,625 - (Phase III) 53 Upper Mellegue Dam 609/2014 30,000 - - - - 54 Development of the Classified Road 624/2014 50,000-3,292 3,292 - Network and Rural Roads 55 Construction of Saida and Kalaa Kebira 631/2015 50,000 - - - - Dams, and Related Water Conveyance Facilities Subtotal 865,775 55,271 30,947 567,907 323,551 (3) Algerian Democratic and People s Republic 1 New Arzew Port* 5/74 6,000 1,563-4,437 4,437 2 Telecommunications* 10A/75 300 52-248 248 3 Jijel Port* 42/77 12,000 6,760-5,240 5,240 4 Navigation Inspection Unit* 55/80 2,000 70-1,930 1,930 5 Fourth Pan-Arab Telecommunications* 71/81 4,500 153-4,347 4,347 6 Two Hospitals in Tihart State* 94/82 5,000 1,624-3,376 3,376 7 Fifth Pan-Arab Telecommunications 102/82 1,000 - - 1,000 1,000 (Earth Stations)* 8 The Mitigation of Earthquake Risks 117/83 4,700 3,704-996 996 (First Loan)* 9 Agricultural Credit* 140/84 6,000 - - 6,000 6,000 10 Wadi Mina Irrigation* 167/85 6,500 1,364-5,136 5,136 11 Sharfa Dam* 183/86 10,800 2,042-8,758 8,758 12 Bani Haroun Dam for Municipal Water, 210/88 17,000 127-16,873 16,873 Electricity and Irrigation (First Loan)* 13 South Power Supply: Adrar Power 261/91 21,000 1,028-19,972 19,972 Station* 14 Bashar-National Grid Power Link* 280/93 16,000 2,235-13,765 13,765 15 Bani Haroun Dam for Municipal Water, Electricity and Irrigation (Supplementary Loan)* 16 Power Generating Station in Hassi Massoud* 17 The Mitigation of Earthquake Risks (Second Loan)* 18 Development of Small and Medium Industries* * Completed Project. 298/94 6,000 - - 6,000 6,000 324/96 40,000 57-39,943 39,943 332/96 3,500 1,887-1,613 1,613 339/97 10,000 1,012-8,988 8,988 70 Annual Report 2016
ANNEX 5 PAGE 5 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (3) Algerian Democratic and People s Republic 19 Power Generating Station in Hassi 353/97 10,000 47-9,953 9,953 Massoud (Supplementary Loan)* 20 Al-Hama Power Generation Station* 377/98 30,000 1,476-28,524 28,524 21 Upgrading of the Electric Grid* 387/99 30,000 - - 30,000 30,000 22 Development of Social Housing in the 396/2000 35,000 12,190-22,810 22,810 Central Region* 23 Pumping and Conveyance of Bani 415/2001 31,000 3,902-27,098 27,098 Haroun Water (First Stage)* 24 Conveyance of Bani Haroun Water 424/2002 30,000 21,597-8,403 8,403 (Conveyor to Othmania Dam)* 25 Afroun- Husseinia Motorway* 426/2002 27,000 19,599-7,401 7,401 26 Housing Construction and 450/2003 30,000 30,000 - - - Reconstruction** Subtotal 395,300 112,489-282,811 282,811 (4) Republic of Sudan 1 Gadaref-Kassala Motorway (First Loan)* 6/74 8,000 - - 8,000 8,000 2 Telecommunications* 9/75 4,800 257-4,543 4,543 3 Rahad Roads* 16/75 4,400 11-4,389 4,389 4 Sennar-Damazin Motorway* 31/76 11,000 986-10,014 10,014 5 Railways Development* 46/77 5,000 32-4,968 4,968 6 Gadaref-Kassala Motorway 51/79 5,200 - - 5,200 5,200 (Supplementary Loan)* 7 Nzara Rural Development** 65/81 2,500 2,500 - - - 8 Potable Water for the Rural Areas* 84/82 1,800 73-1,727 1,727 9 Fifth Pan-Arab Telecommunications 100/82 1,300 223-1,077 1,077 (Earth Stations)* 10 Rehabilitation of the Sugar Industry 110/83 6,000 - - 6,000 6,000 (First Loan)* 11 Rehabilitation of the Sugar Industry 111/83 7,500 - - 7,500 7,500 (Second Loan)* 12 Rehabilitation of Gezira Agricultural 136/84 8,000 - - 8,000 8,000 Scheme (First Loan)* 13 Rehabilitation of Gezira Agricultural 155/85 4,400 - - 4,400 4,400 Scheme (Second Loan)* 14 Rehabilitation of Khartoum Water and 179/86 2,500 - - 2,500 2,500 Sewerage Facilities* 15 Rehabilitation of Telecommunications 180/86 1,600 - - 1,600 1,600 (Phase I)* 16 Rehabilitation of the Sugar Industry 181/86 3,400 - - 3,400 2,420 (Third Loan)* 17 Rehabilitation of Gezira Agricultural 182/86 9,600 - - 9,600 8,010 Scheme (Third Loan)* 18 National Power Grid* 198/87 8,500 - - 8,500 8,500 19 Port Sudan Water Supply* 206/87 10,000 5,000-5,000 3,520 20 Textiles Rehabilitation* 208/88 4,500 3,765-735 735 21 Paving of the Main Roads* 392/2000 23,000 - - 23,000 11,160 * Completed Project. ** Fully Cancelled Loan. Annual Report 2016 71
ANNEX 5 PAGE 6 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (4) Republic of Sudan 22 Roseires Dam* 393/2000 12,000 - - 12,000 5,850 23 Atbara - Haiya - Port Sudan Road* 410/2001 25,000 - - 25,000 8,100 24 Merowe Dam* 422/2002 46,000 - - 46,000 16,250 Generation and Transmission of 448/2003 30,000 - - 30,000 8,000 25 Electricity from Merowe Dam* 26 Gadaref-Doka-Gallabat Road* 457/2003 9,000 130-8,870 2,514 27 Merowe Dam Road* 474/2005 4,000 - - 1,534 1,116 28 White Nile Sugar* 476/2005 21,000 - - 21,000 4,760 29 Heightening of Roseires Dam (Phase II)* 521/2007 58,000 - - 58,000 4,500 30 Merowe Dam (Supplementary Loan)* 528/2008 58,000-6,924 56,634 6,000 31 Al Salam Cement Factory (P)* 8P/2008 2,778 - - 2,778 2,778 32 White Nile Sugar (Supplementary 548/2010 30,000-1,335 29,198 970 Loan) 33 Khartoum New International Airport 552/2010 50,000 - - - - 34 Upper Atbara and Setit Dams 557/2010 50,000-104 48,720 - Complex 35 Electric Power Generating Station in the 566/2011 30,000 - - 13,618 - Upper Atbara and Setit Dams Complex 36 East Sudan Roads 578/2012 54,000-2,660 21,044-37 Water Harvesting in Border Provinces 582/2012 15,000-1,101 3,269-38 Loan Program for Industrial 586/2012 10,000 - - - - Development Projects 39 Upper Atbara and Setit Dams 591/2013 30,000-713 5,151 - Complex (Supplementary Loan) 40 Nyala - El-Geneina Transmission Line 599/2013 57,000 - - - - to the Darfur States 41 Roseires Irrigation (Phase I) 633/2016 6,000 - - - - Subtotal 784,778 12,977 12,837 502,969 165,101 (5) Republic of Iraq 1 Deep Freeze Store* 107/83 10,000 1,700-7,259 3,032 2 Fifth Pan-Arab Telecommunications 141/84 5,000 - - 4,373 - (Earth Stations-Arabsat) 3 Mitigation of Earthquake Risks 150/84 525 - - 503 63 4 Deep Freeze Store in Ninawa** 169/85 8,900 8,900 - - - 5 Agricultural Credit 200/87 8,000 - - 2,678-6 Industrial Credit 209/88 8,000 - - 3,726-7 Industrial Credit II 225/89 2,800 - - 283-8 Abattoir and Meat Processing Unit 226/89 3,800 - - 749 - (Central Region) 9 Abattoir and Meat Processing Unit-Basra 235/90 4,200 - - - - 10 Basra Power Grid 248/90 8,500 - - - - Subtotal 59,725 10,600-19,571 3,095 * Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project. 72 Annual Report 2016
ANNEX 5 PAGE 7 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (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 (First Loan)* 146/84 6,500 239-6,261 6,261 12 Mitigation of Earthquake Risks* 151/84 575 11-564 564 13 Pesticides Arab Joint Venture (Syria- 154/84 1,900 1,900 - - - Jordan)** 14 Mehardeh Power Station Extension (Second Loan)* 156/85 4,500 143-4,357 4,357 15 Damascus Water Supply (Second Loan)* 164/85 3,000 361-2,639 2,639 16 Fifth Pan-Arab Telecommunications (Earth 172/86 1,000 - - 1,000 1,000 Stations) - (Supplementary Loan)* 17 Tenf Pilot Scheme in Hammad Basin (Inter-Arab)* 185/86 1,700 - - 1,700 1,700 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- Qintari Road* 214/88 8,000 31-7,969 7,741 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 287/93 6,000 739-5,261 5,261 in Homs* * Completed Project. ** Fully Cancelled Loan. Annual Report 2016 73
ANNEX 5 PAGE 8 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (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 433/2002 5,500 - - 606 - Governorate 45 Converting Zeizoun Power Station to 440/2003 22,000 - - 13,654 2,950 Combined Cycle* 46 Power Generating Station in the South 469/2004 30,000 - - 29,643 - (Deir Aly)* 47 Arab Gas Pipeline Project - Third 529/2008 10,000 - - 1,881 - Stage (Aleppo - Kalas Section) 48 Expansion of Deir Ali Power 536/2008 45,000 - - 20,169 - Generating Station 49 Deir Al-Zor - Al-Boukamal Road 537/2008 16,000 - - 33-50 Power Generating Station in the 493/2006 30,000 - - - - Eastern Region (Deir Al-Zor) 51 Power Generating Station in the 565/2011 30,000 - - - - Eastern Region (Deir Al-Zor) - (Supplementary Loan) Subtotal 696,975 39,446-467,124 273,024 (7) State of Libya 1 Two Fish Packaging Plants in Sabrata 240/90 11,000 1,867-9,133 9,133 and Zlaiten* 2 Libya-Tunisia Power Link * 244/90 2,200 784-1,416 787 3 Interconnection of the Libyan and Egyptian Power Grids (Libya)* 326/96 12,000 2,590-9,410 6,650 * Completed Project. 74 Annual Report 2016
ANNEX 5 PAGE 9 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (7) State of Libya 4 National Control Center for the Libyan 329/96 20,000 - - 20,000 5,139 Electrical System* 5 Submarine Fiber Optic Cable* 369/98 12,500 2,932-9,568 9,568 6 Development Credit** 385/99 25,000 25,000 - - - 7 Converting North Benghazi Electrical Power Plant to Combined Cycle* 8 Conversion of Al-Zawya Power Station to Combined Cycle* 9 Electrical Inter-Connection at 400 kv (Phase II) 398/2000 25,000 - - 25,000 7,600 437/2002 28,000 - - 22,012 7,500 458/2004 40,000 - - 36,336 8,050 Subtotal 175,700 33,173-132,875 54,427 (8) Arab Republic of Egypt 1 Talkha II Fertilizers (First Loan)* 4/74 6,500 - - 6,500 6,500 2 Tourah Cement Expansion* 11/75 6,700 - - 6,700 6,700 3 Cairo-Fustat Water Supply* 17/75 9,700 1,806-7,894 7,894 4 Cairo-Helwan Sewerage* 18/75 8,300 7,603-697 697 5 Talkha II Fertilizers (Supplementary 24/76 2,700 6-2,694 2,694 Loan)* 6 Abu-Qir Power Station Extension* 28/76 12,000 3,041-8,959 8,959 7 Kafr El-Dawar Textiles* 30/76 10,000 - - 10,000 10,000 8 Suez Canal Development* 40/77 12,000 - - 12,000 12,000 9 Dumyat Power Station (Phase II)* 221/89 35,000 700-34,300 34,300 10 Idfu Wood Pulp Plant Extension* 229/89 7,500 632-6,868 6,868 11 Egypt-Jordan Power Link* 234/89 34,100 3,339-30,761 30,761 12 Soda Ash Plant (First Loan)* 238/90 7,000 - - 7,000 7,000 13 Ammonium Nitrate Unit* 247/90 8,000 - - 8,000 8,000 14 Kureimat Power Station* 254/91 36,250 3,585-32,665 31,885 15 Rubber Tires and Tubes Factory 255/91 10,500 - - 10,500 9,720 Extension* 16 Social Development Fund (Phase I)* 256/91 14,400 11-14,389 13,279 17 Sewerage Projects in 46 Towns* 270/92 36,000 14,732-21,268 19,048 18 Sidi-Kreir Thermal Power Station* 272/92 44,000 6,363-37,637 29,465 19 Mitigation of Earthquake Risks* 275/92 2,000 1-1,999 1,767 20 Reconstruction of Earthquake- 276/93 15,000 - - 15,000 12,410 Damaged Schools* 21 Suez Transformers Station* 278/93 16,000 733-15,267 13,332 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 * Completed Project. ** Fully Cancelled Loan. Annual Report 2016 75
ANNEX 5 PAGE 10 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (8) Arab Republic of Egypt 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 22,720 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 11,340 29 The Liver Diseases Center 362/98 3,000 - - 210-30 Construction of a Flat Steel Plant* 372/98 17,000 79-16,921 16,921 31 Upgrading the Egyptian National 399/2000 16,000 69 433 15,931 5,880 Railroads Authority s Locomotives and Workshops* 32 Cairo North Power Generation Station* 407/2001 27,000 1,707-25,293 9,043 33 Water Supply for 240 Villages 420/2001 17,000-315 13,424 6,640 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 11,319 36 Nubaria Power Station - Phase II* 438/2003 30,000 104-29,896 9,876 37 Educational Buildings** 442/2003 30,000 30,000 - - - 38 Water Supply for 240 Villages 432/2002 30,000 - - 27,459 10,980 Deprived of Potable Water - Phase II 39 Talkha Combined Cycle (750 M.W.) 461/2004 30,000 - - 29,486 9,240 Power Generation Station* 40 Development of the Waterway 472/2005 10,000 - - 3,063 1,740 Between Cairo and Alexandria 41 Expansion of West Cairo Power 484/2005 30,000 - - 30,000 5,390 Generation Station* 42 Development of Hurghada 488/2006 35,000-687 35,000 2,580 International Airport* 43 Al-Atf Power Generating Station* 492/2006 30,000 - - 30,000 4,620 44 Expansion of Abu Qir Power 513/2007 30,000 117 14 29,883 2,963 Generating Station 1300 MW* 45 Expansion of Abu Qir Power Generating 525/2007 30,000 117 14 29,883 2,963 Station 1300 MW (Second Loan)* 46 El-Ain El-Sokhna Power Generating Station 539/2009 55,000-1,189 48,298 1,400 47 South Gas Pipeline * 530/2008 25,000-4,153 25,000-48 Banha Power Generating Station* 554/2010 50,000-11,650 48,163-49 Development of Hurghada International 559/2010 15,000-382 14,282 - Airport (Supplementary Loan) 50 South Helwan Power Generating 571/2011 55,000-9,063 11,417 - Station 51 Urgent Program to Support Small and 572/2011 30,000-2,834 25,274 - Medium Private Sector Projects and Enterprises 52 Modernization of the Signaling System on the Benha - Zagazig - Ismailia - Port Said Corridor 583/2012 44,000-3,854 3,854 - * Completed Project. ** Fully Cancelled Loan. 76 Annual Report 2016
ANNEX 5 PAGE 11 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (8) Arab Republic of Egypt 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 - - - - (El-Walidia) 650 MW 55 Al Nouran Sugar (P)* 14P/2014 3,500 - - 3,500-56 Cairo West Power Generating Station 615/2014 60,000 - - - - 650 MW 57 Wastewater Facilities in Areas 628/2015 45,000 - - - - Neighoring Al Rahawi Drainage Canal 58 Damanhour Combined Cycle Power 627/2015 60,000 - - - - Generating Station (1800 MW) 59 Water Supply and Development of 634/2016 50,000 - - - - the Agricultural System in the Sinai Peninsula Subtotal 1,440,650 89,851 34,588 921,729 462,569 (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 * Completed Project. (P): Private Sector Project. Annual Report 2016 77
ANNEX 5 PAGE 12 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (9) Republic of Yemen 21 Fifth Pan-Arab Telecommunications 97/82 1,200 - - 1,200 1,200 (Earth Stations)* 22 Reconstruction of Flood-Damaged 109/83 1,000 - - 1,000 1,000 Roads and Bridges* 23 Strengthening of Taiz-Al Mafraq Road* 114/83 2,100 388-1,712 1,712 24 Electric Power III Development 122/83 1,500 - - 1,500 1,500 (Electrification of Five Towns East of Mukalla)* 25 Fisheries Manpower Centre (FMDC) and 124/83 1,000 - - 1,000 1,000 the Fisheries Co-operatives (FDC)* 26 Dhamar Water Supply and Sewerage 125/83 3,000 7-2,993 2,993 (Supplementary Loan)* 27 Rural Development in the Central 126/83 3,000 236-2,764 2,764 Highlands* 28 Seiyoun Regional Water Supply* 127/83 2,000 - - 2,000 2,000 29 Seiyoun Regional Water Supply 131/84 3,700 61-3,639 3,639 Development (Phase II)* 30 Geological and Water Mapping of 132/84 1,200 151-1,049 1,049 Northern Yemen* 31 Geological and Water Mapping of 133/84 1,200 211-989 989 Southern Yemen* 32 Development of Health Institute* 138/84 1,100 246-854 854 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 * Completed Project. ** Fully Cancelled Loan. 78 Annual Report 2016
ANNEX 5 PAGE 13 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (9) Republic of Yemen 52 Integrated Rural Development in the Central Highlands* 222/89 3,500 254-3,246 2,426 53 Agricultural Credit* 230/89 5,500 8-5,492 5,021 54 Wadi Hadramaut Agricultural Development Project (Phase III)** 232/89 3,300 3,300 - - - 55 Hojja-Al Khashm Road* 236/90 3,000 570-2,430 2,320 56 Electricity Distribution Network (Second Loan)* 251/90 4,500 146-4,354 3,355 57 SEA-ME-WE II Submarine Cable Project (Second Loan)* 268/92 5,000 1,905-3,095 2,695 58 Rehabilitation of Flood-damaged Electricity, Water and Sewerage Facilities in Aden* 288/93 2,500 23-2,477 1,937 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 Development Project (Phase III)* 357/97 4,000 702-3,298 1,389 62 Sanitation Networks in Sana a 383/99 18,000 - - 14,639 10,058 63 Sayhut - Nashtoun Road* 403/2000 26,000-165 20,901 10,460 64 Sana a International Airport Development 411/2001 28,000 - - 9,837 9,837 65 Social Development Fund - Phase II* 425/2002 15,000 - - 15,000 5,265 66 Grain Silos and Flour Mills at Saleef Port (P)* 2P/2002 3,000 - - 3,000 3,000 67 Ma rib - Sana a Transmission Lines at 400 k.v. and Upgrading the Electrical Grid* 435/2002 30,000 - - 27,584 8,030 68 Dhamar - Al-Husseiniya Road 445/2003 15,000 - - 14,755 4,745 69 Construction of Ma rib Gas-Turbine Electrical Generating Station* 447/2003 25,000 - - 24,531 7,320 70 Major Intersections in Sana a City 453/2003 15,000-13 14,774 5,110 71 Grain Silos and Flour Mills at Saleef Port (Supplementary Loan) (P)* 3P/2004 2,000 - - 2,000 2,000 72 Completion of Sanitation Networks in Sana a 463/2004 12,000-58 10,544 3,630 73 Five-Star Hotel in Sana a (P)* 4P/2004 6,000 - - 6,000 3,436 74 Rural Access Roads 467/2004 26,000-321 22,539 5,360 75 Development of Local Communities (Phase III)* 477/2005 15,000 - - 15,000 2,835 76 Aden Iron Factory in Lahaj Governorate (P)* 5P/2006 7,000 - - 7,000 4,180 77 Social Development Fund - Phase III* 480/2005 15,000 - - 15,000 2,835 78 Wastewater Facilities in Seiyoun and Tarim 482/2005 15,000-8 1,834 730 79 Construction of a Second Ma rib Gas- Turbine Power Generating Station and the Expansion of the Transmission Grid 80 Agricultural and Fisheries Development in the Hadramout Coastal Area 81 Aden Iron Factory in Lahaj Governorate (Supplementary Loan) (P)* 82 Sana a International Airport Development (Phase II) 502/2006 30,000-30 25,807-508/2007 12,000 - - 614 568 7P/2007 3,000 - - 3,000 1,546 516/2007 47,000 - - 1 - * Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project. Annual Report 2016 79
ANNEX 5 PAGE 14 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (9) Republic of Yemen 83 Development of the Coastal Road in Aden Governorate 84 Development of Water and Wastewater Facilities in Aden Governorate 520/2007 10,000 - - 2,128 240 526/2008 10,000 - - 407-85 Glass Factory in Sana a Governorate (P) 9P/2008 3,175 - - 3,114-86 Taez International Airport 533/2008 7,000 - - - - Development 87 Major Intersections in Sana a City 541/2009 8,000 - - 6,905 780 (Phase II) 88 Sugar Refinery in Aden (P) 10P/2009 8,250 - - - - 89 Al Mukalla Iron and Steel Factory (P)* 11P/2009 4,800 256-4,544-90 Rural Roads Development (Phase III) 545/2009 15,000-334 5,433 370 91 Protection of Sana a City from Floods 550/2010 7,000-212 5,757-92 Social Fund for Development (Phase IV) 560/2010 30,000-1,514 25,015-93 Major Intersections in Sana a City (Phase III) 562/2011 10,000-396 5,173-94 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 in the Al-Mokha Area 581/2012 18,000 - - - - 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 596/2013 18,000 - - - - University 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 30,000-1,527 4,301-103 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 24,610 4,578 553,336 283,093 (10) Republic of Lebanon 1 Electricity Network* 38/77 6,000 - - 6,000 6,000 2 Beirut Port* 39/77 5,000 - - 5,000 5,000 3 Rehabilitation of Electricity Installations* 263/91 22,000 3,157-18,843 18,843 4 Reconstruction and Shelter Rehabilitation* 282/93 8,000 - - 8,000 7,440 5 Rehabilitation of Electricity Installations (Supplementary Loan)* 304/94 7,000 291-6,709 5,997 * Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project. 80 Annual Report 2016
ANNEX 5 PAGE 15 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (10) Republic of Lebanon 6 Zahrani Power Station* 305/94 30,500 - - 30,500 28,220 7 Saida and Sour Water Supply* 317/95 10,000 6-9,994 6,859 8 Technical and Vocational Schools 323/96 15,000-23 14,171 12,040 9 Administrative Rehabilitation of Public and Independent Agencies* 10 Rehabilitation of the Infrastructure and Buildings Damaged by the Israeli Aggression* 325/96 6,000 5-5,995 4,619 331/96 13,500 62-13,438 8,608 11 The Lebanese University Project (First Loan)* 355/97 23,000 - - 23,000 16,500 12 Syr El-Dania Jbab El-Homr / El-Hermel Road* 356/97 6,000 173-5,827 2,893 13 Beirut Southern Entrances: Khaldeh- Cocodi and Awzaee Roads* 363/98 12,000 6,076-5,924 4,384 14 Interconnecting the Lebanese and Syrian Electric Grids at 400 kv* 400/2000 8,000 - - 4,142 4,142 15 Conveyance of Litani Water to Southern Lebanon 418/2001 31,000-9,819 28,858 3,610 16 Control Center for the Lebanese Power Network 423/2002 7,000-1 6,484 2,090 17 Infrastructure Upgrading in Beirut City 430/2002 17,000 - - 9,438 8,330 18 The Lebanese University Project (Second Loan)* 439/2003 6,000 1,583-4,417 2,213 19 Development of the Road Network and Main Intersections 449/2003 30,000 - - 22,310 9,460 20 Administrative Rehabilitation 495/2006 9,000-937 3,761 810 21 Development of Water and Wastewater Facilities in some Areas in Lebanon 496/2006 25,000-1,892 11,325 2,130 22 Rehabilitation of Infrastructure Damaged by the Aggression 500/2006 30,000-788 16,650-23 Rehabilitation of the Private Sector Enterprises Damaged by the Israeli Aggression** 505/2006 25,000 25,000 - - - 24 Rehabilitation of Electric Power Installations Damaged by the Israeli Aggression 506/2006 35,000 - - - - 25 Syr El-Dania Jbab El-Homr/ El-Hermel Road (Second Loan) 527/2008 6,000-587 3,516 170 26 Housing Project 585/2012 34,000 - - - - 27 Completion of Wastewater Facilities in Lebanon 28 Conveyance of Litani Water to Southern Lebanon for Irrigation and Drinking Purposes (Elevation 800 Meters) (Supplementary Loan) 600/2013 30,000 - - - - 621/2015 32,000 - - - - Subtotal 489,000 36,353 14,047 264,302 160,358 (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 * Completed Project. ** Fully Cancelled Loan. Annual Report 2016 81
ANNEX 5 PAGE 16 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (11) Kingdom of Morocco 3 Agricultural Credit (First Loan)* 33/77 9,000 - - 9,000 9,000 4 Oujda Cement* 41/77 9,000 - - 9,000 9,000 5 Gharb Irrigation* 54/80 5,000 - - 5,000 5,000 6 Al-Houz Al-Awsat (First Loan)* 74/81 7,500 - - 7,500 7,500 7 Al-Houz Al-Awsat (Second Loan)* 76/82 7,500 - - 7,500 7,500 8 Potable Water to Rural Areas* 85/82 1,300 1,135-165 165 9 Fifth Pan-Arab Telecommunications (Earth Stations)* 10 Agricultural Development in Loukkos Valley (First Loan)* 103/82 1,000 - - 1,000 1,000 121/83 7,500 - - 7,500 7,500 11 Agricultural Credit (Second Loan)* 134/84 8,000 - - 8,000 8,000 12 Mitigation of Earthquake Risks* 153/84 600 6-594 594 13 Ait Ayoub Dam for Irrigation and Electricity* 168/85 15,000 4,787-10,213 10,213 14 Lower Tassaout Irrigation* 176/86 5,000 - - 5,000 5,000 15 Aoulouz Dam and Agricultural Development in Wadi Souss* 16 Al-Mana Barrage and Irrigation of Lands in Al-Gharb Plain* 17 Ismir Dam and Potable Water for Tatwan Area* 191/87 15,000 2,903-12,097 12,097 212/88 17,000 2,863-14,137 14,137 223/89 4,000 900-3,100 3,100 18 Agricultural Credit (Third Loan)* 231/89 12,000 - - 12,000 12,000 19 Maja ra Dam* 237/90 50,000 542-49,458 49,458 20 Rehabilitation of Flood-Damaged Infrastructure* 21 Upper Dokala Region Irrigation (Phase I)* 249/90 2,500 33-2,467 2,467 264/91 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 15,361 25 Strengthening Internal Power Grid for the Morocco - Spain Interconnection* 26 Loukkos Basin Agricultural Development (Second Loan)* 299/94 18,500 4,628-13,872 13,522 300/94 3,000 22-2,978 2,798 27 Al-Gharb Plain Irrigation (Phase II)* 303/94 20,000 537-19,463 17,717 28 Rabat-Fes Motorway* 306/95 23,000 3,123-19,877 18,200 29 Maja ra Dam (Second Loan)* 315/95 17,000 2,990-14,010 11,905 30 Combatting the Effects of the Drought* 316/95 10,000 - - 10,000 10,000 31 Potable Water for Meknes City** 330/96 7,000 7,000 - - - 32 Agadir and Tantan Fisheries Port* 335/96 13,000 1,095-11,905 10,240 * Completed Project. ** Fully Cancelled Loan. 82 Annual Report 2016
ANNEX 5 PAGE 17 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (11) Kingdom of Morocco 33 Morocco-Spain Power Interconnection 337/96 7,000 3,428-3,572 3,038 (Supplementary Loan)* 34 Dchar El Oued and Ait Massoud Dams 344/97 15,000 5,886-9,114 6,954 for Electricity, Irrigation and Drinking Water* 35 Dchar El Oued and Ait Massoud 345/97 15,000 8,796-6,204 4,598 Dams: Financing the Two Hydroelectric Stations* 36 Casablanca-Settat Motorway (Second 364/98 16,000 4,031-11,969 7,913 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 5,592 Greater Agadir City with Water* 39 Mohammed V Airport Development* 389/99 10,000 - - 9,377 4,320 40 Afourer Pumped Storage Hydro-Power 397/2000 25,000 2,736-22,264 13,864 Plant* 41 Casablanca - El-Jadida Motorway* 416/2001 15,000 3,099-11,901 6,781 42 Raising of Sidi Mohammed Bin 421/2002 18,000 - - 8,149 8,149 Abdullah Dam and Construction of Boukhamis Dam* 43 Rural Electrification* 446/2003 20,000 297-19,703 8,503 44 Tetouan - Fenidiq Motorway* 451/2003 14,000 5,386-8,614 3,914 45 Settat - Marrakech Motorway (Phase I)* 452/2003 30,000 15,167-14,833 6,223 46 Tangier Mediterranean Harbour - 460/2004 35,000 5,378-29,622 11,032 Northern Highway Motorway* 47 Werkan Dam to Supply Marrakech 470/2004 7,000 - - 5,956 2,400 with Potable Water* 48 Tangier Mediterranean Harbour - 473/2005 20,000 2,921-17,079 6,343 Northern Highway Motorway (Section Three)* 49 Marrakech - Agadir Motorway* 485/2005 29,000 262-28,738 9,058 50 Wadi Al-Raml Dam to Supply Tangier 486/2005 9,000 - - 9,000 2,940 Mediterranean Port with Water* 51 Marrakech - Agadir Motorway (Second 491/2006 31,000 - - 31,000 8,900 Loan)* 52 Generalization and Integration of 498/2006 15,000 - - 4,772 4,100 Information Technology in Public School Education* 53 Rural Roads 503/2006 15,000 - - 14,439 3,440 54 Fes - Oujda Motorway* 512/2007 30,000 59-29,941 7,711 55 Water Supply for the Provinces of 514/2007 15,000-1,598 11,509 2,835 Taounate, Chefchaouen, Sidi Kacem and Tanger Med Port 56 Wadi Martil Dam* 517/2007 23,000 - - 20,292 2,100 * Completed Project. Annual Report 2016 83
ANNEX 5 PAGE 18 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (11) Kingdom of Morocco 57 Fes - Oujda Motorway (Taza - Oujda 534/2008 27,000 5,248-21,752 1,912 Section)* 58 Expansion of Casablanca - Rabat 538/2008 20,000 - - 20,000 1,710 Motorway* 59 Zerrar Dam* 540/2009 15,000-200 14,061 430 60 Water Supply of Tangier & Tantan 546/2009 20,000-2,849 17,893 1,080 Regions 61 Berrechid - Beni Mellal Motorway* 549/2010 55,000 15,474-39,526 2,731 62 Dar Khrofa Dam 556/2010 12,000-840 10,665-63 Tangier Med II Port* 558/2010 50,000-3,499 50,000-64 High-Speed Train Tangier - Casablanca 568/2011 30,000-8,455 20,358-65 El Jadida - Safi Motorway 579/2012 30,000-6,660 14,372-66 Water Supply of Tetouan Area 584/2012 7,000-1,336 1,336-67 Tangier Med II Port (Phase II) 602/2013 50,000 - - 5,874-68 Irrigation of the Chtouka AÏt Baha 611/2014 50,000 - - - - Region with Desalinated Water 69 El Jadida - Safi Motorway 616/2014 30,000-5,802 16,871 - (Supplementary Loan) 70 Water Supply to Chefchaouen and 617/2014 15,000 - - - - Neighboring Villages 71 Nador West Med Port 622/2015 60,000 - - - - 72 High-Speed Train Tangier - 637/2016 50,000 - - - - Casablanca (Second Loan) Subtotal 1,352,900 137,319 31,239 919,505 491,121 (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 Medical 259/91 21,000 1,002-19,998 19,998 Center (First Loan)* 7 Development of Suleimaniyah Medical 308/95 11,000 3,348-7,652 7,652 Center (Second Loan)* 8 The Housing Project (First Loan)* 334/96 15,000 580-14,420 12,110 9 Transfer and Distribution of Water 349/97 21,000 1,450-19,550 15,182 from Al-Hidd Desalination and Power Station* 10 Interconnection of Al-Hidd Production 360/97 10,000 1,112-8,888 7,024 Facility to the Electric Grid* 11 Production and Utilization of Treated Sewerage Effluent* 367/98 15,000 3,842-11,158 8,958 * Completed Project. ** Fully Cancelled Loan. 84 Annual Report 2016
ANNEX 5 PAGE 19 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (12) Kingdom of Bahrain 12 Hidd Industrial Area * 370/98 25,000 - - 16,878 13,585 13 The Housing Project (Second Loan)* 381/99 20,000 - - 20,000 14,040 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 11,520 and Transmission Systems* 16 Khalifa Bin Salman Port * 465/2004 15,000 5,616-9,384 3,534 17 Upgrading the Electrical Transmission 478/2005 14,000 7,000-7,000 2,580 Network* 18 Replacement of Sitra Causeway Bridge 504/2006 19,000-8,888 8,888-19 Upgrading 220 kv and 66 kv Electrical 544/2009 30,000-551 23,839 3,280 Transmission Network* 20 Development of Water Supply Network 575/2011 30,000-4,671 17,230 - Subtotal 301,500 33,269 14,110 227,022 140,644 (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 77/82 3,500 1-3,499 - Loan)* 8 Mogadishu Electricity 80/82 2,000 - - 1,763-9 Fifth Pan-Arab Telecommunications 99/82 1,200 - - - - (Earth Stations) 10 Afgoi-Baidoa Road* 112/83 5,000 - - 682-11 Expansion of Gezira Power Station 137/84 4,800 - - - - 12 Fisheries Development in the North** 143/84 1,500 1,500 - - - Subtotal 40,700 2,751-23,820 861 (14) Islamic Republic of Mauritania 1 Nouadhibou Power Station* 21/76 5,200 - - 5,200 5,200 2 Nouakchott-Kiffa Motorway (First Loan)* 25/76 7,000 - - 7,000 7,000 3 Guelbs Iron Ore Production* 49/79 10,000 1-9,999 9,999 4 Boghi-Kehidi Road Maintenance* 75/81 1,500 - - 1,500 1,500 5 Nouadhibou Power Station 81/82 200 - - 200 200 (Supplementary Loan)* 6 Potable Water to the Rural Areas* 86/82 400 12-388 388 7 Fifth Pan-Arab Telecommunications (Earth Stations)* 104/82 1,200 77-1,123 1,123 * Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project. (1) The amount of the loan was reduced from KD 6.40 million to KD 5.15 million due to the change in the description of the project. Annual Report 2016 85
ANNEX 5 PAGE 20 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (14) Islamic Republic of Mauritania 8 Nouakchott Power (First Loan)* 105/82 3,000 - - 3,000 3,000 9 Nouakchott Power (Second Loan)* 106/83 2,300 - - 2,300 2,300 10 Telecommunications in Nouadhibou* 119/83 2,100 - - 2,100 2,100 11 Development Credit (First Loan)* 135/84 2,000 - - 2,000 2,000 12 Educational, Health and Veterinary Services* 139/84 4,500 2-4,498 3,040 13 Oases Development (Phase I)* 163/85 3,400 - - 3,400 2,244 14 Artisanal Fisheries Development in 178/86 3,200 425-2,775 1,465 Nouadhibou* 15 Nouakchott Telephone/Telex Exchanges* 186/86 2,800 - - 2,800 2,800 16 Guelbs Iron Ore Production (Second Loan)* 202/87 1,300 - - 1,300 1,300 17 Development Credit (Second Loan)* 203/87 1,000 723-277 277 18 Wilayas Electricity Supply* 216/88 7,500 - - 7,500 1,848 19 Boghi-Kehidi Road (Second Loan)* 219/88 3,100 12-3,088 1,003 20 Domestic Satellite Network* 227/89 5,000 11-4,989 1,369 21 Mhaoudat Iron Ore Production* 269/92 6,000 - - 6,000 6,000 22 Nouakchott-Akjojot-Atar Road* 289/93 6,500 28-6,472 1,408 23 Oases Development (Phase II)* 297/94 2,400 - - 2,400 2,200 24 Nouadhibou Water Supply* 313/95 10,000-113 9,652 8,064 25 Expansion of the Nouakchott Power 336/96 4,600 63-4,537 4,047 Generating Station* 26 Potable Water for the Interior Cities 343/97 3,500 - - 3,498 2,525 27 Alag-Maqtaa Lehjar Road * 347/97 3,500 1,460-2,040 2,040 28 Transmission of Electrical Energy from 352/97 8,000 629-7,371 4,706 Manantali Dam to Mauritania* 29 Rehabilitation and Construction of 33 Small 375/98 3,500 - - 3,327 1,988 Dams in the Area Adjacent to Achram* 30 Connecting Boghe to the Manantali 408/2001 4,000 20-3,980 1,751 Electrical Grid* 31 Debt Reduction* 414/2001 14,000 - - 14,000 2,365 32 Nouakchott - Nouadhibou Road * 419/2001 16,000 435-15,565 6,450 33 Nouakchott Water Supply from the 454/2003 30,000-21 29,998 8,470 Senegal River* 34 Expansion of Nouadhibou Power 468/2004 7,000 - - 6,885 2,223 Generation Station 35 Nouadhibou Water Distribution 475/2005 4,000 - - 3,748 1,078 Network* 36 Power Generation Stations for Interior 481/2005 2,000 1,911-89 89 Cities* 37 Atar - Tidjikja Road 509/2007 11,000-1,888 10,375 1,890 38 Developing Water and Road Services 510/2007 13,000 - - 13,000 1,675 in Rural Areas* 39 Nouakchott Water Supply from the Senegal River (Supplementary Loan)* 511/2007 37,000-1,091 35,284 4,300 * Completed Project. 86 Annual Report 2016
ANNEX 5 PAGE 21 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (14) Islamic Republic of Mauritania 40 Lease Financing of Small and Medium- 6P/2007 1,000 - - 1,000 1,000 Size Projects and Enterprises (P)* 41 Drinking Water and Electricity Emergency 523/2007 15,000-118 14,336 2,280 Project for the City of Nouakchott* 42 Rehabilitation of Al-Amal Road 531/2008 19,000-1,849 14,816 520 (Sections II and IV) 43 Drinking Water and Electricity 535/2008 10,000 - - 9,320 540 Emergency Project for the City of Nouakchott (Supplementary Loan)* 44 Electricity Emergency Program for the City 547/2009 10,000 - - 9,757 520 of Nouakchott (Supplementary Loan)* 45 Water Distribution Network in 555/2010 10,000-447 6,469 - Nouakchott 46 Upgrade of the Power Generation and 569/2011 30,000-2,271 23,865 - Transmission Systems in Nouakchott 47 Supply of Drinking Water to the 570/2011 8,000-2,178 3,834 - Region of Aftout Elcharghi* 48 Water Supply of Eastern Cities and 580/2012 20,000-2,929 11,665 - Villages from Dhar Basin 49 Development of Power Generating 588/2012 3,000-72 1,833 - Stations for Interior Cities 50 Construction of a 30 MW Wind Farm 590/2013 14,000-57 11,845 - in Nouakchott* 51 Néma - Mali Border Road (Section III) 593/2013 9,000-76 980-52 New Nouakchott International Airport 595/2013 9,000-4,056 5,724-53 Drinking Water and Development of 601/2013 20,000-4,049 7,489 - Oases in Rural Areas 54 Construction of a Solar Power Station 610/2014 30,000-2,209 2,442 - in Nouakchott and the Modernization of the Electrical System 55 Development of Electricity Transmission 629/2015 33,000-3 3 - and Distribution Networks 56 Reinforcing the Electrical Interconnection 625/2015 30,000 - - - - between Mauritania and Senegal (Nouakchott - Tobien Line) 57 Construction of a Wind Farm in Boulenoir 632/2016 35,000-3 3 - Subtotal 558,700 5,809 23,430 369,039 118,285 (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 Capital Area* 196/87 6,000 1,377-4,623 4,623 8 Natural Gas Utilization (Stage 2 of Phase IV)* 257/91 7,000 203-6,797 6,797 * Completed Project. (P): Private Sector Project. Annual Report 2016 87
ANNEX 5 PAGE 22 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (15) Sultanate of Oman 9 Mina Qaboos Port Development* 266/92 6,000 1,860-4,140 4,140 10 Ghubrah Power Generation and Water Desalination Station* 294/94 9,500 1,605-7,895 7,895 11 Industrial Estates in Rusayl and Nizwa* 302/94 6,000 1,249-4,751 4,751 12 Ghubrah Power Generation and Water Desalination Station (Phase V)* 310/95 9,000 821-8,179 8,179 13 Salalah Port Development* 354/97 15,000 - - 15,000 15,000 14 Meserrat Water Conveyance System* 388/99 11,000 397-10,603 10,603 15 Rimal Ash-Sharqiyah Water Distribution System* 401/2000 9,500 2,479-7,021 7,021 16 Khassab Port Development Project* 431/2002 4,500 695-3,805 3,805 17 Nizwa-Thamrit Road Rehabilitation (Phase II)* 441/2003 6,000 778-5,222 5,222 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 519/2007 60,000 52,700-7,300 7,300 and Facilities Damaged by Cyclone Gonu* 24 Dualization of Thumrait - Salalah Road* 507/2007 20,000 - - 20,000 3,240 25 Infrastructure Facilities for Sumail 576/2011 14,000-4,898 4,898 - Industrial Estate 26 Housing Program 605/2013 40,000-24,000 34,000-27 Development and Expansion of Main 636/2016 50,000 - - - - Roads 28 Transmission Lines of Desalinated Water from Al Ghubrah to Al Seeb and from Barka to Ad Dakhiliya Governorate 639/2016 60,000 - - - - Subtotal 481,500 164,513 28,898 191,885 136,227 (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 - - 4,831 896 Eldin Road* 3 Development of Health Services* 341/97 3,000 1-2,999 381 4 Rehabilitation of the Education 342/97 3,000 - - 3,000 457 Services* 5 The Rural Development Project* 376/98 3,000 300-2,700 - Subtotal 17,000 2,455-14,376 2,580 (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 * Completed Project. ** Fully Cancelled Loan. 88 Annual Report 2016
ANNEX 5 PAGE 23 OF 23 Loans Extended to Beneficiary Member States 1974-2016 (KD 000) No. Country / Project Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments (17) Republic of Djibouti 3 Fifth Pan-Arab Telecommunications 98/82 1,100 251-849 849 (Earth Stations)* 4 Expansion of Boulaos Power Station 116/83 3,000 491-2,509 2,509 - Phase I* 5 Animal Wealth Development* 130/84 1,900 10-1,890 1,890 6 Southwest Asia-Middle East-Western 159/85 1,900 2-1,898 1,898 Europe (SEA-ME-WE) Submarine Cable (First Loan)* 7 Development Credit** 171/86 700 700 - - - 8 Telecommunications Development* 197/87 400 113-287 287 9 SEA-ME-WE II Submarine Cable* 262/91 1,500 - - 1,500 1,330 10 Modernization of Boulaos Power 373/98 3,000 1-2,999 1,775 Station - Phase II* 11 Modernization of the Port of Djibouti 390/99 3,000 3,000 - - - (Phase IV)** 12 Social Housing* 395/2000 5,000-103 5,000 2,684 13 Development of the Education Sector 412/2001 4,000 283-3,717 1,430 14 Modernization of Boulaos Power 436/2002 3,000 83-2,917 1,213 Station - Phase III* 15 Social Housing (Phase II)* 456/2003 6,000 - - 6,000 1,595 16 Boulaos Power Generation Station 471/2004 4,000 21-3,979 1,078 Project - (Fourth Phase)* 17 Construction of Djibouti University 497/2006 5,000-1,218 4,245 780 18 Rehabilitation of Drinking Water 532/2008 7,000-210 7,000 - Facilities in Djibouti City 19 Upgrade of the Power Generation and 551/2010 9,000-20 57 - Transmission Systems in the City of Djibouti 20 Port of Tadjourah 577/2012 10,000-3,527 9,027-21 Rehabilitation of the Distribution 598/2013 10,000-2,460 7,097 - Networks of Drinking Water in Djibouti City 22 Social Housing - Phase II 607/2014 1,000 - - 997 - (Supplementary Loan) 23 Social Housing in the City of Djibouti 618/2015 6,000-15 15-24 Port of Tadjourah (Supplementary 619/2015 3,000 - - - - Loan) Subtotal 92,000 4,955 7,553 64,483 21,818 Grand Total 9,269,728 808,880 203,938 6,013,751 3,202,090 * Completed Project. ** Fully Cancelled Loan. Annual Report 2016 89
ANNEX 6 PAGE 1 OF 3 Loans Extended to Finance Inter-Arab Projects 1974-2016 (KD 000) No. Project / Country Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments 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. 90 Annual Report 2016
ANNEX 6 PAGE 2 OF 3 Loans Extended to Finance Inter-Arab Projects 1974-2016 (KD 000) No. Project / Country Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments Djibouti* 98/82 1,100 251-849 849 Somalia 99/82 1,200 - - - - Sudan* 100/82 1,300 223-1,077 1,077 Tunisia* 101/82 1,000 3-997 997 Algeria* 102/82 1,000 - - 1,000 1,000 Morocco* 103/82 1,000 - - 1,000 1,000 Mauritania* 104/82 1,200 77-1,123 1,123 Syria* 172/86 1,000 - - 1,000 1,000 11 Sixth Pan-Arab Telecommunications, Submarine Gulf Cable (Bahrain - Qatar - UAE): Bahrain* 113/83 3,000 - - 3,000 3,000 12 Zarqa - Almafraq - Syrian Border Road: Jordan* 118/83 4,000 - - 4,000 4,000 13 Damascus - Sanamein - Jordan Border Road: Syria* 128/83 9,000 - - 9,000 9,000 14 Geological and Water Mapping of Yemen: Yemen* 132/84 1,200 151-1,049 1,049 Yemen* 133/84 1,200 211-989 989 15 Fifth Pan-Arab Telecommunications Arabsat Earth Station: Iraq 141/84 5,000 - - 4,373-16 Seventh Pan-Arab Telecommunications Submarine Gulf Cable (Bahrain - Kuwait): Bahrain** 142/84 3,000 3,000 - - - 17 Mitigation of Earthquake Risks: Algeria* 117/83 4,700 3,704-996 996 Jordan* 148/84 450 182-268 268 Tunisia* 149/84 575 48-527 527 Iraq* 150/84 525 - - 503 63 Syria* 151/84 575 11-564 564 Yemen* 152/84 600 1-599 599 Morocco* 153/84 600 6-594 594 Algeria (Second Loan) 332/96 3,500 1,887-1,613 1,613 * Completed Project. ** Fully Cancelled Loan. Annual Report 2016 91
ANNEX 6 PAGE 3 OF 3 Loans Extended to Finance Inter-Arab Projects 1974-2016 (KD 000) No. Project / Country Loan No. Amount of Loan Cancelled Loans and Balances During 2016 Repayments 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 12,960 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 13,522 Morocco (Supplementary Loan)* 337/96 7,000 3,428-3,572 3,038 26 Interconnection of Jordan - Syria Electric Power Grids: Jordan* 311/95 19,500 - - 19,500 16,660 Syria 312/95 30,000 - - 28,223 17,290 27 Interconnection of Syria and Turkey Electric Power Grids: Syria* 314/95 26,000 2,936-23,064 10,714 28 Interconnection of the Libyan and Egyptian Power Grids: Libya* 326/96 12,000 2,590-9,410 6,650 29 Interconnection of the Lebanese and Syrian Electric Grids at 400 kv: Lebanon 400/2000 8,000 - - 4,142 4,142 30 Natural Gas Pipeline (Al-Arish - Aqaba): Egypt* 427/2002 17,000 4,224-12,776 12,776 31 Arab Gas Pipeline Project - Third stage (Aleppo - Kalas Section): Syria 529/2008 10,000 - - 1,881-32 Electrical Interconnection Between the Arab Republic of Egypt and the Kingdom of Saudi Arabia: Egypt 603/2013 45,000 - - - - Total 394,125 41,520-291,736 246,092 * Completed Project. ** Fully Cancelled Loan. 92 Annual Report 2016
ANNEX 7 Grants Committed and Disbursed 1974-2016 (KD 000) Beneficiary No. of Grants Amount Cancelled Approved Grants and Balances Net Amount Approved Percent of Total (%) Total During 2016 Until Balance of Grants A. National Grants 1 Hashemite Kingdom of Jordan 2 Republic of Tunisia 3 Algerian Democratic and People s Republic 4 Republic of Sudan 5 Republic of Iraq 6 Kingdom of Saudi Arabia 7 Syrian Arab Republic 8 State of Libya 9 Arab Republic of Egypt 10 Republic of Yemen 11 State of Kuwait 12 Republic of Lebanon 13 Kingdom of Morocco 14 United Arab Emirates 15 Kingdom of Bahrain 16 State of Qatar 17 Somali Democratic Republic 18 Islamic Republic of Mauritania 19 Sultanate of Oman 20 Palestine 21 Republic of Djibouti 22 Union of the Comoros 51 12,724 64 12,660 6.3 1,575 10,202 2,459 15 5,620 150 5,470 2.7 30 4,028 1,443 11 2,065 551 1,514 0.8 175 1,289 225 25 13,702 963 12,740 6.4 694 11,648 1,091 5 820 163 657 0.3-657 - 9 1,520 118 1,402 0.7-852 550 16 3,820 907 2,913 1.5-2,068 845 3 625 300 325 0.2-45 280 52 17,315 726 16,589 8.3 524 14,584 2,005 49 13,956 559 13,397 6.7 775 10,343 3,054 27 3,751 7 3,744 1.9 19 3,217 527 45 20,191 2,588 17,603 8.8 185 10,734 6,869 26 5,550 269 5,281 2.6-4,252 1,029 7 194 9 185 0.1-185 - 13 2,110 265 1,845 0.9 300 1,845-1 50 14 36 - - 36-4 1,220 86 1,134 0.6 302 836 298 31 6,535 775 5,760 2.9 107 5,370 390 14 4,725 19 4,706 2.4-4,629 77 173 28,545 1,077 27,468 13.8-27,409 59 7 1,150 42 1,108 0.6-1,108-2 3,100-3,100 1.6 593 832 2,268 Total National Grants 586 149,288 9,651 139,637 70.0 5,278 116,170 23,467 B. Inter-Arab Grants 525 65,726 5,866 59,860 30.0 3,599 55,281 4,579 Total National and Inter-Arab Grants 1111 215,015 15,517 199,497 100.0 8,877 171,451 28,046 C. Urgent Program to Support the Palestinian People* D. Program to support the Resistance of Jerusalem** 129,071-129,071-9,981 111,775 17,296 29,651-29,651-1,604 11,676 17,975 Grand Total 373,737 15,517 358,219-20,462 294,902 63,317 * Support decided by the Arab Fund s Board of Governors to the Palestinian people, over the period 2001-2016. ** Support decided by the Arab Fund s Board of Governors to the resistance of Jerusalem, in 2010 and 2016. Annual Report 2016 93
ANNEX 8 Co-financing Activities of the Arab Fund 1974-2016 Contributors Total Amount (KD Million) Percentage (%) 1. (A) National and Regional Development Institutions Arab Fund for Economic and Social Development 4,078.0 30.6 Kuwait Fund for Arab Economic Development 1,332.4 10.0 Abu Dhabi Fund for Development 333.4 2.5 Saudi Fund for Development 699.4 5.2 Islamic Development Bank 991.8 7.4 OPEC Fund for International Development 114.3 0.9 Iraqi Fund for External Development 5.0 * Libyan Foreign Bank 3.0 * Subtotal 7,557.3 56.7 (B) Other Arab Sources 749.5 5.6 2. International Financial Institutions World Bank 759.5 6.7 International Fund for Agricultural Development (IFAD) 54.3 0.4 African Development Bank 698.3 5.2 Subtotal 1,512.1 11.3 3. Foreign Governments and their Development Institutions 3,513.5 26.4 Grand Total 13,332.4 100.0 * Less than 0.1%. 94 Annual Report 2016