NO. 31


Financial and Banking News

Regional Development

AFESD Chairman Calls For Reappraisal Of Arab Development Strategy

The Managing Director and Chairman of the Arab Fund for Economic and SocialDevelopment (AFESD), Mr. 'Abd al-Latif al-Hamad, has warned that oil revenueswill not be sufficient to meet investment needs in the Arab world over the nextfive years. In a paper presented to an oil and petrochemicals conference held inKuwait on 22-26 April, Mr. Hamad said that...