‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺩﻭﺭ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﻭﻁﻥ‬ ‫ﻓﻲ‬ ) ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻟﻺﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺤﺎﻟﺔ‬ ‫ﺩﺭﺍﺴﺔ‬ ( ٥٥٧


) ٢٠١٠ - ٢٠١٢ ( ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﻟﻠﺩﻭل‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﻌﻤﻠﻴﺎﺕ‬ ‫ﺤﺠﻡ‬ ‫ﺍﻥ‬ ‫ﻗـﺩ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺒﻠﻎ‬ ١١٧٩٤,٦ ‫ﺍﻟﺼ‬ ‫ﺍﻥ‬ ‫ﻴﻼﺤﻅ‬ ‫،ﻜﻤﺎ‬ ‫ﺩﻭﻻﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ‫ﻭ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻯ‬ ‫ﻟﻼﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻰ‬ ‫ﻨﺩﻭﻕ‬ ‫ﻴـﺸﻜل‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻰ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﻌﻤﻠﻴﺎﺕ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺍﺫ‬ ‫ﻨﺴﺒﺔ‬ ‫ﺍﻋﻠﻰ‬ ٣٨٣٢,٦ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﺩﻭﻻﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ٣٢,٥ % ‫ﻤـﻥ‬ ‫ﺍﻟﻤﺫﻜﻭ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﻌﻤﻠﻴﺎﺕ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﺭﺓ‬ ، ‫ﺍﻻﺴﻼ‬ ‫ﺍﻟﺒﻨﻙ‬ ‫ﻭﻴﺎﺘﻰ‬ ‫ﻗﻴﻤـﺔ‬ ‫ﺒﻠﻐـﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺜﺎﻨﻴﺔ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﻓﻰ‬ ‫ﻤﻰ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﻌﻤﻠﻴﺎﺕ‬ ٢٨٩١,٧ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﺩﻭﻻﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ٢٤,٥ % ، ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﻌﻤﻠﻴﺎﺕ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺍ‬ ‫ﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻜل‬ ‫ﻭﻴﺎﺘﻰ‬ ‫ﻭ‬ ‫ﺍﻟﺴﻌﻭﺩﻯ‬ ‫ﻭﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺍﻟﻌﺭﺒﻰ‬ ‫ﻟﻨﻘﺩ‬ ‫ﺍﻟﻜﻭﻴﺘ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻭﺍﻟﺭﺍﺒﻌـﺔ‬ ‫ﺍﻟﺜﺎﻟﺜـﺔ‬ ‫ﺍﻟﻤﺭﺘﺒـﺔ‬ ‫ﻓﻰ‬ ‫ﻰ‬ ‫ﻭ‬ ‫ﺍﻟﻌﻤﻠ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺨﺎﻤﺴﺔ‬ ‫ﻴﺎﺕ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ١٦٢٣ ، ١٤١٦,٣ ، ١٣٨٥,١ ‫ﺍﻟﺘﻭﺍﻟﻲ‬ ‫ﻋﻠﻰ‬ ‫ﺩﻭﻻﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ١٣,٧ % ، ١٢ % ، ١١,٧ % ‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬ . ‫ﺍﻟﺴﺎﺩﺴﺔ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﻓﻰ‬ ‫ﺍﻻﻭﺒﻙ‬ ‫ﺼﻨﺩﻭﻕ‬ ‫ﻴﺎﺘﻰ‬ ‫ﺜﻡ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﻌﻤﻠﻴﺎﺕ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ٤٠٦,٥ ‫ﻤﻠﻴﻭﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﺩﻭﻻﺭ‬ ٣,٤ % ‫ﺍﻟﺘﻤ‬ ‫ﺍﻟﻌﻤﻠﻴﺎﺕ‬
,٤ ٠ ٥٤٨ ٦٥٣ ١٢٥٩ ٣٣٥,٣ ١٣٤,٥ ٢٢٧,٦ ٨٦٢ ٢٠١٠ ٣٤٩٨,٢ ٠ ٥٣٦ ١٣٥,١ ١٢٢٨,٦ ٢٥٠ ٥٠,٠ ١١,٨ ١٢٨١,٧ ٢٠١١ ٤٢٨٣ ٠ ٥٣٩ ٥٩٧ ١٣٤٥ ٨٣١ ٢٢٢ ٠ ٧٤٨ ٢٠١٢ 
٩,٩ % ، ٨,٧ % ، ٧,٥ % ، ٦,٨ % ، ١,٩ % ، ٠,١ % . ‫ﻤـﻥ‬ ‫ﻟﻬـﺎ‬
‫ﺍﻟﻤﺠﻤﻭﻉ‬ ١٠٠ ٢,٦ ٧ ٥,٩ ١٤,٤ ١٠,٥ ٣٢,٨ ١,٨ ٢٥ ‫ﺍﻟﻤﺌﻭﻴﺔ‬ ‫ﺍﻟﻨﺴﺒﺔ‬ ‫ﺍﻟﻤﺼﺩﺭ‬ : ‫ﻟﻌﺎﻡ‬ ‫ﺍﻟﺴﻨﻭﻯ‬ ‫ﺍﻟﺘﻘﺭﻴﺭ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻰ،‬ ‫ﻭ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻯ‬ ‫ﻟﻼﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ٢٠١٣ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ٦,٧ % ‫ﺍﻟﻔﺘ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻁﺎﻗـﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺭﺓ‬ ‫ﻭ‬ ‫ﺘ‬ ‫ﺒﻨﺴﺔ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﻘﺩﺭ‬ ٥٢,٨ % ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﻭﺍﻟﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ٢٢,٦ % ‫ﺍﻻ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﻭ‬ ‫ﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﻭﺍﻟﻤﻭﺍﻨﻰ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻤﻴﺎﺓ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻟﺘﻌﺩﻴﻥ‬ ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ‫ﺍﻻﺨﺭﻯ‬ ‫ﻭﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﺍﻻﺘﺼﺎﻻﺕ‬ ‫ﻭ‬ ‫ﺍﻟﺼﺤﻰ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﻭ‬ ١٠,٨ % ، ٦,٧ % ، ٤,١ % ، ١,٦ % ، ١,١ % ، ٠,١ . % ‫ﺤﻴـﺙ‬ ‫ﺍﻟـﺼﻨﺩﻭﻕ‬ ‫ﻤـﻥ‬ ‫ﻤﻘﺘﺭﻀﺔ‬ ‫ﺩﻭﻟﺔ‬ ‫ﺍﻜﺒﺭ‬ ‫ﺜﺎﻤﻥ‬ ‫ﻤﻭﺭﻴﺘﺎﻨﻴﺎ‬ ‫ﺩﻭﻟﺔ‬ ‫ﻭﺘﺎﺘﻰ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ٤٣٠,٧ ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ٥,٤ % ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﺍﻟﺼﺤﻰ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﻭ‬ ‫ﺍﻟﻤﻴﺎﺓ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺒﻨـﺴﺔ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ٣٦,٢ % ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﻭ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ٢٩,٢ % ‫ﻭ‬ ‫ﻭﺍﻟﻤﻭﺍﻨﻰ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﻭﺍ‬ ‫ﻭﺍﻟﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻻﺘﺼﺎﻻﺕ‬ ‫ﻭ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻻﺨﺭﻯ‬ ‫ﻭﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﺍﻟﺘﻌﺩﻴﻥ‬ ‫ﻭ‬ ‫ﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻗﻁـﺎﻉ‬ ‫ﻟﺘﻨﻤﻴـﺔ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﺍﻟﺘـﻭﺍﻟﻰ‬ ‫ﻋﻠـﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ٢٠,٦ % ، ٤,٥ % ، ٣,٥ % ، ٢,٦ % ، ٢,٤ % ، ١ % .
‫ﺍﻟﺠﺯﺍﺌﺭ‬ 

‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺩﻭﺭ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﻭﻁﻥ‬ ‫ﻓﻲ‬ ) ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻟﻺﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺤﺎﻟﺔ‬ ‫ﺩﺭﺍﺴﺔ‬ (

  
	٢٠١٥
	‫ﺩ‬ / ‫ﺍﻟﺯﺭﺍﻋﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﺒﺤﻭﺙ‬ ‫ﻤﻌﻬﺩ‬ ‫ﺸﺎﺫﻟﻲ‬ ‫ﺴﻤﺭ‬ ‫ﺍﻟﺠﻠﻴل‬ ‫ﻋﺒﺩ‬ -‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺍﻟﺒﺤﻭﺙ‬ ‫ﻤﺭﻜﺯ‬ ‫ﺴﻠ‬ ‫ﻓﻲ‬ ‫ﻤﺘﻘﺩﻤﺔ‬ ‫ﻤﻜﺎﻨﺔ‬ ‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺘﺤﺘل‬ ‫ﺒﺎﺤﺙ‬ -‫ﻤﻥ‬ ‫ﺍﻟﻌﺩﻴﺩ‬ ‫ﻓﻲ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭ‬ ‫ﻭ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻟﺴﻴﺎﺴﺎﺕ‬ ‫ﺃﻭﻟﻭﻴﺎﺕ‬ ‫ﻡ‬ ‫ﺍﻷﻭﻟﻴـﺔ‬ ‫ﺍﻟﻤﻭﺍﺩ‬ ‫ﻭ‬ ‫ﻟﻠﻐﺫﺍﺀ‬ ‫ﻜﻤﺼﺩﺭ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻷﻫﻤﻴﺔ‬ ‫ﻨﻅﺭﺍ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻓﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻭﺍﻹﺼﻼﺡ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺒﺭﺍﻤﺞ‬ ‫ﻤﻘﺩﻤﺔ‬ : ‫ﻴﺴﺘ‬ ‫ﻜﻘﻁﺎﻉ‬ ‫ﻭ‬ ‫ﺍﻟﻌﻤل‬ ‫ﻗﻭﺓ‬ ‫ﻤﻥ‬ ‫ﻋﺎﻟﻴﺔ‬ ‫ﻨﺴﺒﺔ‬ ‫ﻭﻋﺏ‬ . ‫ﻭ‬ ‫ﻟﻠﺯﺭﺍﻋـﺔ‬ ‫ﺍﻟﻨـﺴﺒﻴﺔ‬ ‫ﺍﻷﻫﻤﻴﺔ‬ ‫ﻤﻥ‬ ‫ﺯﺍﺩﺕ‬ ‫ﻜﺜﻴﺭﺓ‬ ‫ﻤﺴﺘﺠﺩﺍﺕ‬ ‫ﻫﻨﺎﻙ‬ ‫ﻓﻲ‬ ‫ﺘﺘﻤﺜل‬ ‫ﺍﻵﻭﻨـﺔ‬ ‫ﻓﻲ‬ ‫ﻤﻬﻤﺔ‬ ‫ﻋﻠﻤﻴﺔ‬ ‫ﺍﻨﺠﺎﺯﺍﺕ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ‫ﺘﻔﺎﻗﻤﻪ‬ ‫ﻭ‬ ‫ﺍﻷﺨﻴﺭﻴﻥ‬ ‫ﺍﻟﻌﻘﺩﻴﻥ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻐﺫﺍﺌﻲ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﺍﺴﺘﻤﺭﺍﺭ‬ ‫ﺍﻷﻨـﺸﻁﺔ‬ ‫ﻭ‬ ‫ﺍﻟﺯﺭﺍﻋـﺔ‬ ‫ﻴﻔﻴـﺩ‬ ‫ﻤﻤـﺎ‬ ‫ﺍﻟﺠﻴﻨﺎﺕ‬ ‫ﻫﻨﺩﺴﺔ‬ ‫ﻭ‬ ‫ﺍﻟﺤﻴﻭﻴﺔ‬ ‫ﺍﻟﺘﻜﻨﻭﻟﻭﺠﻴﺎ‬ ‫ﻤﺠﺎل‬ ‫ﻓﻲ‬ ‫ﺨﺎﺼﺔ‬ ‫ﺒﺼﻔﺔ‬ ‫ﻭ‬ ‫ﺍﻷﺨﻴﺭﺓ‬ ‫ﹰ‬ ‫ﻭﺇﻨﺘﺎﺠﺎ‬ ‫ﻭﺘﻁﻭﻴﺭﺍ‬ ‫ﺒﺤﺜﺎ‬ ‫ﺒﻬﺎ‬ ‫ﺍﻟﻤﺭﺘﺒﻁﺔ‬ . ‫ﺍﻻﻋﺘﺒﺎﺭﺍﺕ‬ ‫ﺍﺨﺫ‬ ‫ﺃﻫﻤﻴﺔ‬ ‫ﺘﻨﺎﻤﻲ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ‫ﻓـﻰ‬ ‫ﻭﺘﻼ‬ ‫ﺍﻟﺤﺴﺒﺎﻥ‬ ‫ﻓﻲ‬ ‫ﺍﻟﺒﻴﺌﻴﺔ‬ ‫ﺍﻟﻤﺭﺍﻋﻰ‬ ‫ﻭﺘﺩﻤﻴﺭ‬ ‫ﻭﺍﻟﻬﻭﺍﺀ‬ ‫ﻭﺍﻟﻤﻴﺎﻩ‬ ‫ﺍﻟﺘﺭﺒﺔ‬ ‫ﻭﺘﻠﻭﺙ‬ ‫ﺍﻟﺘﺼﺤﺭ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻤﺘﻤﺜﻠﺔ‬ ‫ﺍﻟﺴﻠﺒﻴﺔ‬ ‫ﺍﻵﺜﺎﺭ‬ . ‫ﺘﺘﺒﻠـﻭﺭ‬ ‫ﻫﻨـﺎ‬ ‫ﻭﻤـﻥ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺃﻫﻤﻴﺔ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﺤﻴﻭﻴﺔ‬ ‫ﺍﻟﻤﺸﺎﺭﻴﻊ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻷﻤﻭﺍل‬ ‫ﺭﺅﻭﺱ‬ ‫ﻭﻤﺴﺎﻫﻤﺔ‬ ‫ﺩﻭﺭ‬ ‫ﺘﻔﻌﻴل‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻻﺴﺘﺭﺍﺘﻴﺠﻲ‬ ‫ﺍﻟﺒﻌﺩ‬ ‫ﺫﺍﺕ‬ ‫ﺤ‬ ‫ﺍﻟﻤﻨﻁﻘﺔ‬ ‫ﺘﺤﻅﻰ‬ ‫ﻴﺙ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺒﻤﻨﻅﻭﻤﺔ‬ ‫ﻜﺎﻤﻠﺔ‬ ‫ﻭﻤﺘﻨﻭﻋﺔ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺍﻟﻤﺎﻟﻴـﺔ‬ ‫ﻭ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺃﻨﺸﺄﺕ‬ ‫ﺒﺸﻜل‬ ‫ﻋﺎﻡ‬ ‫ﺨﻼل‬ ‫ﺍﻟﺭﺒﻊ‬ ‫ﺍﻷﺨﻴﺭ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻘﺭﻥ‬ ‫ﺍﻟﻌﺸﺭﻴﻥ‬ ‫ﻤﻊ‬ ‫ﺒﺩﺍﻴﺎﺕ‬ ‫ﺍﻟﻭﻓﺭﺓ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﻨﻔﻁﻴﺔ‬ . ‫ﻭﺘﻘـﺩﻡ‬ ‫ﻫـﺫﻩ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻨﻭﻋﻬﺎ‬ ‫ﻜﺎﻓﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﻁﻠﻭﺒﺔ‬ ‫ﻟﻠﺘﻨﻤﻴﺔ‬ ‫ﻭﺍﻻﺴﺘﺜﻤﺎﺭ،‬ ‫ﺘﻌﻠﻕ‬ ‫ﺴﻭﺍﺀ‬ ‫ﺍﻷﻤﺭ‬ ‫ﺒﺘ‬ ‫ﻤﻭﻴل‬ ‫ﺍﻟﻤﺸﺭﻭﻋﺎﺕ‬ ‫ﺍﻹﻨﺘﺎﺠﻴﺔ‬ ‫ﺃﻭ‬ ‫ﻤﺸﺭﻭﻋﺎﺕ‬ ‫ﺍﻟﺒﻨﻴﺔ‬ ‫ﺍﻷﺴﺎﺴﻴﺔ‬ ‫ﺃﻭ‬ ‫ﺘﻘﺩﻴﻡ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﻟﺘﺭﺸﻴﺩ‬ ‫ﺍﻟﻤﺎﻟﻲ‬ ‫ﺍﻟﺴﻴﺎﺴﺎﺕ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﻭﺍﻟﻘﻴﺎﻡ‬ ‫ﺒﺎﻹﺼﻼﺤﺎﺕ‬ ‫ﺍﻟﻬﻴﻜﻠﻴﺔ‬ . ‫ﻜﺫﻟﻙ،‬ ‫ﻓﺈﻥ‬ ‫ﻫﺫﻩ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﻻ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻘﺘﺼﺭ‬ ‫ﺘﻘﺩﻴﻡ‬ ‫ﺍﻟﺘﻤﻭﻴل‬ ‫ﻟﻠﺤﻜﻭﻤﺎﺕ‬ ‫ﺃﻭ‬ ‫ﺍﻟﻘﻁﺎﻉ‬ ‫ﺍﻟﻌﺎﻡ،‬ ‫ﻓﻌﺩﺩ‬ ‫ﻤـﻥ‬ ‫ﻫـﺫﻩ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﻴﻌﻤل‬ ‫ﹰ‬ ‫ﺃﺴﺎﺴﺎ‬ ‫ﻓﻲ‬ ‫ﺘﻭﻓﻴﺭ‬ ‫ﻤﺠﺎل‬ ‫ﺍﻟ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻟﻠﻘﻁﺎﻉ‬ ‫ﺍﻟﺨﺎﺹ،‬ ‫ﺒﺤﻴﺙ‬ ‫ﺘﺘﻌﺩﺩ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺍﻟﻌﺎﻤﻠﺔ‬ ‫ﻓﻲ‬ ‫ﻫﺫﺍ‬ ‫ﺍﻟﻤﺠﺎل‬ ‫ﺴﻭﺍﺀ‬ ‫ﺘﻠﻙ‬ ‫ﺘﻌﻤل‬ ‫ﺍﻟﺘﻲ‬ ‫ﻓﻲ‬ ‫ﻤﺠﺎل‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭ‬ ‫ﺒﺼﻔﺔ‬ ‫ﻋﺎﻤﺔ‬ ‫ﺃﻭ‬ ‫ﺘﻠﻙ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺘﺘﺨﺼﺹ‬ ‫ﻓﻲ‬ ‫ﻗﻁﺎﻋﺎﺕ‬ ‫ﻤﺤﺩﺩﺓ‬ ‫ﺒﺎﻟﺫﺍﺕ‬ . ‫ﻜـﺫﻟﻙ‬ ‫ﺘﺘﻀﻤﻥ‬ ‫ﺃﻨﺸﻁﺔ‬ ‫ﻫﺫﻩ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﺘﺄﻤﻴﻥ‬ ‫ﻀﺩ‬ ‫ﻤﺨﺎﻁﺭ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭ‬ ‫ﺃﻭ‬ ‫ﺍﻟﺘﺼﺩﻴﺭ‬ ‫ﺴﻭﺍﺀ‬ ‫ﻫـﺫﻩ‬ ‫ﻜﺎﻨﺕ‬ ‫ﺍﻟﻤﺨـﺎﻁﺭ‬ ‫ﺴﻴﺎﺴﻴﺔ‬ ‫ﺃﻭ‬ ‫ﺘﺠﺎﺭﻴﺔ‬ . ‫ﻭﺘﺘﻀﻤﻥ‬ ‫ﺍﻟﻨﻅﻡ‬ ‫ﺍﻟﺩﺍﺨﻠﻴﺔ‬ ‫ﻟﺒﻌﺽ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺍﻟﻘﺩﺭﺓ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺘﻤﻭﻴل‬ ‫ﺘﻘﺩﻴﻡ‬ ‫ﻏﻴـﺭ‬ ‫ﺍﻟﻤﺒﺎﺸـﺭ‬ ‫ﻤـﻥ‬ ‫ﻀﻤﺎﻨﺎﺕ‬ ‫ﺇﻟﻰ‬ ‫ﺠﺎﻨﺏ‬ ‫ﺍﻟﺘﻤﻭﻴل‬ . ‫ﺍﻟﻤﺒﺎﺸﺭ‬ ‫ﺍﻟﺩﺭﺍﺴﺔ‬ ‫ﻤﺸﻜﻠﺔ‬ ‫ﺘﻀﺎﺌل‬ ‫ﻓﻰ‬ ‫ﺍﻟﺩﺭﺍﺴﺔ‬ ‫ﻤﺸﻜﻠﺔ‬ ‫ﺘﺘﺒﻠﻭﺭ‬ ‫ﺍ‬ ‫ﺇﺠﻤﺎﻟﻲ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺯﺭﺍﻋﻲ‬ ‫ﺍﻟﻘﻁﺎﻉ‬ ‫ﺔ‬ ‫ﺤﺼ‬ ‫ﺍﻟﻤﻤﻨﻭﺤـﺔ‬ ‫ﺍﻟﻘـﺭﻭﺽ‬ ‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﻏﻴﺭ‬ ‫ﺍﻻﺨﺭﻯ‬ ‫ﺒﺎﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﻤﻘﺎﺭﻨﺔ‬ ‫ﺒﺩﺀ‬ ‫ﻤﻨﺫ‬ ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻯ‬ ‫ﻟﻼﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻗﺩﻡ‬ ‫ﺤﻴﺙ‬ ‫ﻋﺎﻡ‬ ‫ﻨﻬﺎﻴﺔ‬ ‫ﺤﺘﻰ‬ ‫ﻭ‬ ‫ﻨﺸﺎﻁﻪ‬ ٢٠١٣ ‫ﺤﻭﺍﻟﻰ‬ ١١٦٤ ‫ﻗﻴﻤـﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﻭﺍﻟﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻟﻘﻁﺎﻉ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ‫ﺍﻟﺒﺎﻟﻐﺔ‬ ‫ﺍﻟﻤﻤﻨﻭﺤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ٧٩٨٦ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ) ٢ ( ‫ﻤﻌـﺩل‬ ‫ﺯﻴـﺎﺩﺓ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻘﻁﺎﻉ‬ ‫ﺫﻟﻙ‬ ‫ﺍﻫﻤﻴﺔ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺭﻏﻡ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻻﻗ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﻋﺠﻠﺔ‬ ‫ﺩﻓﻊ‬ ‫ﻭ‬ ‫ﺍﻟﺯﺭﺍﻋﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺘﺼﺎﺩﻯ‬ ‫ﺍﻟﺩﺭﺍﺴﺔ‬ ‫ﻫﺩﻑ‬ : ‫ﺍﻟﺼ‬ ‫ﻤﺴﺎﻫﻤﺔ‬ ‫ﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺘﻌﺭﻑ‬ ‫ﺍﻟﺩﺭﺍﺴﺔ‬ ‫ﺘﻬﺩﻑ‬ ‫ﻭ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻟﻺﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﻨﺩﻭﻕ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﻓ‬ ‫ﺘﻨﻤﻴﺔ‬ ‫ﻰ‬ ‫ﻭ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ،‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺍﻟﺘﻨﻤﻴـ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﻓﻰ‬ ‫ﻟﻠﺼﻨﺩﻭﻕ‬ ‫ﺍﻻﻨﻤﺎﺌﻰ‬ ‫ﺍﻟﺩﻭﺭ‬ ‫ﺒﺘﻔﻌﻴل‬ ‫ﺍﻟﻜﻔﻴﻠﺔ‬ ‫ﺍﻟﺴﺒل‬ ‫ﺍﻗﺘﺭﺍﺡ‬ ‫ﺍﻟﺯﺭﺍﻋﻴـﺔ‬ ‫ﺔ‬ ‫ﺍﻟﻌﺭﺒﻰ‬ ‫ﻟﻠﻭﻁﻥ‬ ‫ﺍﻟﺒﻴﺎﻨﺎﺕ‬ ‫ﻤﺼﺎﺩﺭ‬ ‫ﻭ‬ ‫ﺍﻟﺒﺤﺜﻴﺔ‬ ‫ﺍﻟﻁﺭﻴﻘﺔ‬ : ‫ﺍﺴﺘﺨﺩ‬ ‫ﻭ‬ ‫ﺍﻻﺴﺎﻟﻴﺏ‬ ‫ﺒﺎﺴﺘﺨﺩﺍﻡ‬ ‫ﻭﺍﻟﻜﻤﻰ‬ ‫ﺍﻟﻭﺼﻔﻰ‬ ‫ﺍﻟﺘﺤﻠﻴل‬ ‫ﺍﺴﻠﻭﺒﻰ‬ ‫ﺍﻟﺒﺤﺙ‬ ‫ﻡ‬ ‫ﺍﻻﻫﺩﺍﻑ‬ ‫ﺘﺤﻘﻕ‬ ‫ﺍﻟﺘﻰ‬ ‫ﺍﻻﺤﺼﺎﺌﻴﺔ‬ ‫ﺍﻟﻁﺭﻕ‬ ‫ﺍﻟﺒﺤﺜ‬ ‫ﻭ‬ ‫ﺍﻟﻤﺘﻌﺩﺩ‬ ‫ﻭﺍﻻﻨﺤﺩﺍﺭ‬ ‫ﺍﻟﺒﺴﻴﻁ‬ ‫ﻭﺍﻻﻨﺤﺩﺍﺭ‬ ‫ﺍﻟﻤﺌﻭﻴﺔ‬ ‫ﻭﺍﻟﻨﺴﺏ‬ ‫ﻜﺎﻟﻤﺘﻭﺴﻁﺎﺕ‬ ‫ﻴﺔ‬ ‫ﺍﻋﺘ‬ ‫ﺍﻟﺒﺤـﺙ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻬﺩﻑ‬ ‫ﻟﺘﺤﻘﻴﻕ‬ ‫ﻤـﺩ‬

‫ﻴﻭﻨﻴﻭ‬ -‫ﺍﻟﺜﺎﻨﻲ‬ ‫ﺍﻟﻌﺩﺩ‬ -‫ﻭﺍﻟﻌﺸﺭﻭﻥ‬ ‫ﺍﻟﺨﺎﻤﺱ‬ -‫ﺍﻟﺯﺭﺍﻋﻲ‬ ‫ﻟﻼﻗﺘﺼﺎﺩ‬ ‫ﺍﻟﻤﺼﺭﻴﺔ‬ ‫ﺍﻟﻤﺠﻠﺔ‬ ‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺩﻭﺭ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﻭﻁﻥ‬ ‫ﻓﻲ‬ ) ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻟﻺﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺤﺎﻟﺔ‬ ‫ﺩﺭﺍﺴﺔ‬ ( ٥٥٨

  
	‫ﺍ‬ ‫ﺍﻟﺴﺎﺒﻘﺔ‬ ‫ﺍﻟﺒﻴﺎﻨﺎﺕ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺒﺤﺙ‬ ‫ﺍﻟﻌﺭﺒﻰ‬ ‫ﻟﻠﺼﻨﺩﻭﻕ‬ ‫ﻭ‬ ‫ﻭﺍﻟﺒﺤﻭﺙ‬ ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻯ‬ ‫ﻟﻼﻨﻤﺎﺀ‬ ‫ﺍﻟ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻨﺸﻭﺭﺓ‬ ‫ﻻﺤﺼﺎﺌﻴﺔ‬ ‫ﻭ‬ ‫ﺍﻟﻤﻭﺤﺩ‬ ‫ﺍﻟﻌﺭﺒﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻯ‬ ‫ﺘﻘﺭﻴﺭ‬ ‫ﺍﻟـﺴﻨﻭﻯ‬ ‫ﺍﻟﺘﻘﺭﻴـﺭ‬ ‫ﺍﻟﺩﺭﺍﺴ‬ ‫ﺍﻟﺒﺤﺙ‬ ‫ﺒﻤﻭﻀﻭﻉ‬ ‫ﻋﻼﻗﺔ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﺘﻰ‬ ‫ﺎﺕ‬ . ‫ﺍﻟﻨﺘﺎﺌﺞ‬ ‫ﻤﻨﺎﻗﺸﺔ‬ ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﻌﻤﻠﻴﺎﺕ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻟﻠﻤﺅﺴﺴﺎﺕ‬ : ‫ﺘﻌﻭﺩ‬ ‫ﺒﺩﺍ‬ ‫ﻴﺎﺕ‬ ‫ﻅﻬﻭﺭ‬ ‫ﺍﻟﺼﻨﺎﺩﻴﻕ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺍﻹﻨﻤﺎﺌﻴﺔ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﻭﺍﻹﻗﻠﻴﻤﻴﺔ‬ ‫ﺇﻟﻰ‬ ‫ﻋﺎﻡ‬ ١٩٦١ ‫ﻤﻊ‬ ‫ﺇﻨﺸﺎﺀ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺍﻟﻜﻭﻴﺘﻲ‬ ‫ﻟﻠﺘﻨﻤﻴﺔ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﺫﻱ‬ ‫ﺒﺎﺸﺭ‬ ‫ﺃﻋﻤﺎﻟﻪ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺘﺎﻟﻰ‬ ١٩٦٢ ، ‫ﻭﺫﻟﻙ‬ ‫ﺒﻐﺭﺽ‬ ‫ﺘﻘﺩﻴﻡ‬ ‫ﺍﻟﻤﺴﺎﻋﺩﺍﺕ‬ ‫ﺍﻹﻨﻤﺎﺌﻴﺔ‬ ‫ﻟﻠﺩﻭل‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﻭﻫﻭ‬ ‫ﺍﻷﻤﺭ‬ ‫ﺍﻟﺫﻱ‬ ‫ﺘﻭﺴﻊ‬ ‫ﻓﻲ‬ ‫ﻋﺎﻡ‬ ١٩٧٤ ‫ﺍﻟﺩﻭل‬ ‫ﻟﻴﺸﻤل‬ ‫ﺍﻟ‬ ‫ﻨﺎﻤﻴﺔ‬ ‫ﺒﻭﺠﻪ‬ ‫ﻋﺎﻡ‬ . ‫ﺇﻻ‬ ‫ﺃﻥ‬ ‫ﺍﻏﻠﺏ‬ ‫ﻫﺫﻩ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﻭﺍﻟﺼﻨﺎﺩﻴﻕ‬ ‫ﺘﻡ‬ ‫ﺇﻨﺸﺎﺀﻫﺎ‬ ‫ﺨﻼل‬ ‫ﻓﺘﺭﺓ‬ ‫ﺍﻻﻨﺘﻌﺎﺵ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺤﺩﺜﺕ‬ ‫ﻋﻘﺏ‬ ‫ﺤﺭﺏ‬ ‫ﺃﻜﺘﻭﺒﺭ‬ ١٩٧٣ ، ‫ﺍﻟﺘﻲ‬ ‫ﺘﻤﻴﺯﺕ‬ ‫ﺒﺎﻻﺭﺘﻔﺎﻉ‬ ‫ﺍﻟﻜﺒﻴﺭ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻔﻭﺍﺌﺽ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻓﻲ‬ ‫ﻅل‬ ‫ﺍﺭﺘﻔﺎﻉ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺍﻟﻨﻔﻁ‬ ‫ﺍﻟﺫﻱ‬ ‫ﺤﺩﺙ‬ ‫ﺤﻴﻨﻬﺎ‬ . ‫ﻜﻤﺎ‬ ‫ﺘﻤﻴﺯﺕ‬ ‫ﺘﻠﻙ‬ ‫ﺍﻟﻔﺘﺭﺓ،‬ ‫ﺒﺘﻜﺎﺜﻑ‬ ‫ﺍﻟﺠﻬﻭﺩ‬ ‫ﻟﺘﻁﻭﻴﺭ‬ ‫ﺍﻟ‬ ‫ﻌﻤل‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﻤﺸﺘﺭﻙ‬ ‫ﺒﻐﻴﺔ‬ ‫ﺘﺩﻋﻴﻡ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﻭﺍﻟﺘﻌﺎﻭﻥ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻌﺭﺒﻲ،‬ ‫ﻭﻤﺎ‬ ‫ﻴﺭﺘﺒﻁ‬ ‫ﺒﺫﻟﻙ‬ ‫ﻤﻥ‬ ‫ﻭﻀﻊ‬ ‫ﻗﻭﺍﻋﺩ‬ ‫ﺃﻭ‬ ‫ﺁﻟﻴﺎﺕ‬ ‫ﻟﺘﺤﻘﻴﻕ‬ ‫ﺍﻟﻭﺼﻭل‬ ‫ﺇﻟﻰ‬ ‫ﺍﻟﺘﻜﺎﻤل‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻱ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﻭﺍﻟﻤﺎﻟﻲ‬ . ‫ﻓﻬﻨﺎﻙ‬ ‫ﻋﺩﺓ‬ ‫ﺃﻨﻤﺎﻁ‬ ‫ﻤﻥ‬ ‫ﻫﺫﻩ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﻭﺍﻟﺼﻨﺎﺩﻴﻕ‬ ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ‫ﺘﻘﺩﻡ‬ ‫ﹰ‬ ‫ﺃﻨﻭﺍﻋﺎ‬ ‫ﻤﺘﻌﺩﺩﺓ‬ ‫ﻤﻥ‬ ‫ﻭﺍﻟﺘﺴﻬﻴﻼﺕ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﺍﻻﺌﺘﻤﺎﻨﻴﺔ‬ ‫ﻟﺘﻤﻭﻴل‬ ‫ﻤﺸﺎﺭﻴﻊ‬ ‫ﺇﻨﻤﺎﺌﻴﺔ‬ ‫ﻭﺇﺼﻼﺤﺎﺕ‬ ‫ﺒﺸﺭﻭﻁ‬ ‫ﻤﻴﺴﺭﺓ،‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻟﻤﺒﺎﺸﺭﺓ‬ ‫ﺍﻟﻤﺴﺎﻫﻤﺔ‬ ‫ﻟﺒﻌﺽ‬ ‫ﻤﻨﻬﺎ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻤﺸﺎﺭﻴﻊ‬ . ‫ﻜﺫﻟﻙ‬ ‫ﺘﻘﺩﻡ‬ ‫ﻫﺫﻩ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﻭﺍﻟﺼﻨﺎﺩﻴﻕ‬ ‫ﺍ‬ ‫ﻟﻌﻭﻥ‬ ‫ﺍﻟﻔﻨﻲ‬ ‫ﻟﺩﻋﻡ‬ ‫ﺍﻹﻨﻤﺎﺀ‬ ‫ﺠﻬﻭﺩ‬ ‫ﻭﺍﻟﺘﻁﻭﻴﺭ‬ . ‫ﻭﺘﺸﻤل‬ ‫ﻫﺫﻩ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ،‬ ‫ﺍﻟﺼﻨﺎﺩﻴﻕ‬ ‫ﺍﻹﻗﻠﻴﻤﻴﺔ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﻤﻤﻠﻭﻜﺔ‬ ‫ﺒﺎﻟﻜﺎﻤل‬ ‫ﻤﻥ‬ ‫ﻗﺒل‬ ‫ﺍﻟﺤﻜﻭﻤﺎﺕ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ،‬ ‫ﻭﺍﻟﺼﻨﺎﺩﻴﻕ‬ ‫ﺍﻹﻗﻠﻴﻤﻴﺔ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺘﺸﺎﺭﻙ‬ ‫ﻓﻴﻬﺎ‬ ‫ﺤﻜﻭﻤﺎﺕ‬ ‫ﻋﺭﺒﻴﺔ‬ ‫ﻭﻏﻴﺭ‬ ‫ﻋﺭﺒﻴﺔ،‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ‫ﺍﻟﺼﻨﺎﺩﻴﻕ‬ ‫ﺍﻹﻨﻤﺎﺌﻴﺔ‬ ‫ﺍﻟﻭﻁﻨﻴﺔ‬ . ‫ﻭﻴﺄﺘﻲ‬ ‫ﻓﻲ‬ ‫ﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﺼﻨﺎﺩﻴﻕ‬ ‫ﺍﻹ‬ ‫ﻗﻠﻴﻤﻴﺔ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ،‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﻟﻺﻨﻤﺎﺀ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻭﺼﻨﺩﻭﻕ‬ ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻟﻨﻘﺩ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ . ‫ﻜﻤﺎ‬ ‫ﻴﺄﺘﻲ‬ ‫ﻓﻲ‬ ‫ﻨﻁﺎﻕ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ‫ﺍﻹﻗﻠﻴﻤﻴﺔ‬ ‫ﺒﺭﻨﺎﻤﺞ‬ ‫ﺘﻤﻭﻴل‬ ‫ﺍﻟﻌﺭﺒﻴﺔ،‬ ‫ﺍﻟﺘﺠﺎﺭﺓ‬ ‫ﺍﻟﺫﻱ‬ ‫ﺃﻨﺸﺊ‬ ‫ﻓﻲ‬ ‫ﻋﺎﻡ‬ ١٩٨٩ ‫ﺒﻤﺒﺎﺩﺭﺓ‬ ‫ﻤﻥ‬ ‫ﻗﺒل‬ ‫ﺼﻨﺩﻭﻕ‬ ‫ﺍﻟﻨﻘﺩ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ . ‫ﻭﻫﻨﺎﻙ‬ ‫ﹰ‬ ‫ﺃﻴﻀﺎ‬ ‫ﻓﻲ‬ ‫ﻫﺫﻩ‬ ‫ﺇﻁﺎﺭ‬ ‫ﺍﻟﺼﻨﺎﺩﻴﻕ،‬ ‫ﺍﻟﻤﺼﺭﻑ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﻟﻠﺘﻨﻤﻴﺔ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﻓﻲ‬ ‫ﺇﻓﺭﻴﻘﻴﺎ‬ ‫ﺍﻟﺫﻱ‬ ‫ﺃﻨﺸﺊ‬ ‫ﺒﻬﺩﻑ‬ ‫ﻤﺴﺎﻋﺩﺓ‬ ‫ﺍﻹﻓﺭﻴﻘﻴﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺍﻟﻨﺎﻤﻴﺔ‬ ‫ﻏﻴﺭ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ . ‫ﺃﻤﺎ‬ ‫ﺍﻟﻤﺅﺴﺴﺎ‬ ‫ﺕ‬ ‫ﻭﺍﻟﺼﻨﺎﺩﻴﻕ‬ ‫ﺍﻹﻗﻠﻴﻤﻴﺔ‬ ‫ﺍﻟﻤﻤﻠﻭﻜﺔ‬ ‫ﻟﺠﻬﺎﺕ‬ ‫ﻋﺭﺒﻴﺔ‬ ‫ﻭﻏﻴﺭ‬ ‫ﻋﺭﺒﻴﺔ،‬ ‫ﻓﻴﺄﺘﻲ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺒﻨﻙ‬ ‫ﺭﺃﺴﻬﺎ‬ ‫ﺍﻹﺴﻼﻤﻲ‬ ‫ﻟﻠﺘﻨﻤﻴﺔ‬ ‫ﺍﻟﺫﻱ‬ ‫ﺃﻨﺸﺊ‬ ‫ﻓﻲ‬ ‫ﻋﺎﻡ‬ ١٩٧٥ ‫ﺒﻤﺒﺎﺩﺭﺓ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﻭﻴﺴﺘﻤﺩ‬ ‫ﻨﺤﻭ‬ 70 ‫ﺍﻟﻤﺎﺌﺔ‬ ‫ﻓﻲ‬ ‫ﻤﻥ‬ ‫ﻤﻭﺍﺭﺩﻩ‬ ‫ﻓﻲ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ . ‫ﻜﻤﺎ‬ ‫ﻴﻤﻜﻥ‬ ‫ﻓﻲ‬ ‫ﻫﺫﺍ‬ ‫ﺍﻟﺼﺩﺩ‬ ‫ﺍﻹﺸﺎﺭﺓ‬ ‫ﺇﻟﻰ‬ ‫ﺼﻨﺩﻭﻕ‬ ‫ﻟﻠﺘﻨﻤﻴﺔ‬ ‫ﺍﻷﻭﺒﻙ‬ ‫ﺍﻟﺩﻭﻟﻴﺔ‬ ‫ﺍﻟﺫﻱ‬ ‫ﺃﻨﺸﺊ‬ ‫ﻓﻲ‬ ‫ﻋﺎﻡ‬ 1976 ‫ﻭﺍﻟﺫﻱ‬ ‫ﻴﺴﺘﻤﺩ‬ ‫ﻗﺭﺍﺒﺔ‬ ‫ﺜﻠﺜﻲ‬ ‫ﻤﻭﺍﺭﺩﻩ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ . ‫ﺭﻗﻡ‬ ‫ﺍﻟﺠﺩﻭل‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﻴﻼﺤﻅ‬ ) ١ ( ‫ﺍﻟﻭﻁﻨﻴـﺔ‬ ‫ﺍﻟﻌﺭﺒﻴـﺔ‬ ‫ﺍﻟﺘﻨﻤﻴـﺔ‬ ‫ﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺍﻟﺘﻤﻭﻴﻠﻴﺔ‬ ‫ﺒﺎﻟﻌﻤﻠﻴﺎﺕ‬ ‫ﺍﻟﺨﺎﺹ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﻟﻠﺩﻭل‬ ‫ﺍﻻﻗﻠﻴﻤﻴﺔ‬

‫ﻴﻭﻨﻴﻭ‬ -‫ﺍﻟﺜﺎﻨﻲ‬ ‫ﺍﻟﻌﺩﺩ‬ -‫ﻭﺍﻟﻌﺸﺭﻭﻥ‬ ‫ﺍﻟﺨﺎﻤﺱ‬ -‫ﺍﻟﺯﺭﺍﻋﻲ‬ ‫ﻟﻼﻗﺘﺼﺎﺩ‬ ‫ﺍﻟﻤﺼﺭﻴﺔ‬ ‫ﺍﻟﻤﺠﻠﺔ‬ ‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺩﻭﺭ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﻭﻁﻥ‬ ‫ﻓﻲ‬ ) ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻟﻺﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺤﺎﻟﺔ‬ ‫ﺩﺭﺍﺴﺔ‬ ( ٥٦٠

  
	11794.6 100 ‫ﻤﺅﺴـﺴﺔ‬ ‫ﻟـﻪ،‬ ‫ﹰ‬ ‫ﻤﻘﺭﺍ‬ ‫ﺍﻟﻜﻭﻴﺕ‬ ‫ﺩﻭﻟﺔ‬ ‫ﻤﻥ‬ ‫ﻴﺘﺨﺫ‬ ‫ﻭﺍﻟﺫﻱ‬ ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻲ،‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻟﻺﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ 0 1623 1385.1 3832.6 1416.3 406.5 239.4 2891.7 ٠ 13.76053 11.74351 32.49453 12.00804 3.446492 2.029742 24.51715 ‫ﺍﻟﻤﺼﺩﺭ‬ : ‫ﺍﻻﻗﺘﺼﺎ‬ ‫ﺍﻟﺘﻘﺭﻴﺭ‬ ‫ﺍ‬ ‫ﺍﻟﻌﺭﺒﻰ‬ ‫ﺩﻯ‬ ‫ﻤﺨﺘﻠﻔﺔ‬ ‫ﺍﻋﺩﺍﺩ‬ ، ‫ﻟﻤﻭﺤﺩ‬ . ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﻟﻺﻨﻤﺎﺀ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﻤـﻥ‬ ‫ﻭﺫﻟـﻙ‬ ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻴـﺔ،‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻹﻨﻤﺎﺌﻴﺔ‬ ‫ﺍﻟﻤﺸﺭﻭﻋﺎﺕ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻓﻲ‬ ‫ﺃﻏﺭﺍﻀﻪ‬ ‫ﺘﻨﺼﺏ‬ ‫ﻋﺭﺒﻴﺔ‬ ‫ﺇﻗﻠﻴﻤﻴﺔ‬ ‫ﻤﺎﻟﻴﺔ‬ ‫ﺘﻤﻭﻴل‬ ‫ﺨﻼل‬ ‫ﺍﻟﻔﻨﻴـﺔ‬ ‫ﻭﺍﻟﺨﺒﺭﺍﺕ‬ ‫ﺍﻟﻤﻌﻭﻨﺎﺕ‬ ‫ﻭﺘﻘﺩﻴﻡ‬ ‫ﻭﺍﻟﺨﺎﺼﺔ،‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭﻴﺔ‬ ‫ﺍﻟﻤﺸﺎﺭﻴﻊ‬ . ‫ﺍﻟـﺼﻨﺩﻭﻕ‬ ‫ﻭﻴﻠﺒـﻲ‬ ‫ﺍﻟﺠـﺩﻭﻯ‬ ‫ﻭﻀـﻤﺎﻥ‬ ‫ﺃﻨـﺸﻁﺘﻪ،‬ ‫ﺒـﻴﻥ‬ ‫ﺍﻟﺘﻭﺍﺯﻥ‬ ‫ﻭﻴﺭﺍﻋﻲ‬ ‫ﺍﻷﻋﻀﺎﺀ،‬ ‫ﺍﻟﺩﻭل‬ ‫ﻓﻲ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺍﺤﺘﻴﺎﺠﺎﺕ‬ ‫ﹰ‬ ‫ﺩﺍﺌﻤﺎ‬ ‫ﺍﻟﻌـﺭﺒﻲ‬ ‫ﺍﻟﻤﺸﺭﻭﻋﺎﺕ‬ ‫ﻟﻜل‬ ‫ﻭﺍﻟﺸﻔﺎﻓﻴﺔ‬ . ‫ﺍﻟﻌﺭﺒـ‬ ‫ﺍﻟـﺼﻨﺩﻭﻕ‬ ‫ﻋﻤﻠﻴـﺎﺕ‬ ‫ﺃﺴﺱ‬ ‫ﺃﻫﻡ‬ ‫ﻤﻥ‬ ‫ﻓﺈﻥ‬ ‫ﹰ،‬ ‫ﺃﻴﻀﺎ‬ ‫ﺍﻟﺼﺩﺩ‬ ‫ﻫﺫﺍ‬ ‫ﻭﻓﻲ‬ ‫ﺍﻷﺨـﺫ‬ ‫ﻲ‬ ‫ﻓﻴﻤـﺎ‬ ‫ﺍﻟﺘﺩﺨل‬ ‫ﺃﻭ‬ ‫ﻋﻠﻴﻬﺎ‬ ‫ﻤﻌﻴﻨﺔ‬ ‫ﺍﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺃﻭ‬ ‫ﻤﺎﻟﻴﺔ‬ ‫ﺴﻴﺎﺴﺎﺕ‬ ‫ﻓﺭﺽ‬ ‫ﻭﻋﺩﻡ‬ ‫ﺍﻟﺩﻭل،‬ ‫ﺘﻘﺭﺭﻫﺎ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﻤﺸﺎﺭﻴﻊ‬ ‫ﺒﺄﻭﻟﻭﻴﺎﺕ‬ ‫ﺠﻬﻭﺩ‬ ‫ﺩﻋﻡ‬ ‫ﻤﻨﻁﻠﻕ‬ ‫ﻤﻥ‬ ‫ﻭﺫﻟﻙ‬ ‫ﻭﺍﺠﺘﻤﺎﻋﻴﺔ،‬ ‫ﺍﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺴﻴﺎﺴﺎﺕ‬ ‫ﻤﻥ‬ ‫ﺘﻘﺭﺭﻩ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻤﻌﻬﺎ‬ ‫ﻭﺍﻟﺘﻌﺎﻭﻥ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ . ‫ﻭﺘﺘﺼﻑ‬ ‫ﺍ‬ ‫ﺒﺸﺭﻭﻁﻬﺎ‬ ‫ﺍﻷﻋﻀﺎﺀ‬ ‫ﻟﻠﺩﻭل‬ ‫ﻴﻘﺩﻤﻬﺎ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻗﺭﻭﺽ‬ ‫ﺒـﺸﺭﻭﻁ‬ ‫ﺍﻟﺘﻤﻭﻴـل‬ ‫ﻟﺘـﻭﻓﻴﺭ‬ ‫ﻤﺭﺍﻋﺎﺓ‬ ‫ﻟﻤﻴﺴﺭﺓ،‬ ‫ﺍﻹﻨﻤﺎﺌﻴﺔ‬ ‫ﺨﻁﻁﻬﺎ‬ ‫ﺘﻨﻔﻴﺫ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻟﻤﺴﺎﻋﺩﺓ‬ ‫ﺴﻬﻠﺔ‬ . ‫ﺯﻴـﺎﺩﺓ‬ ‫ﻋﻠـﻰ‬ ‫ﺍﻟـﺼﻨﺩﻭﻕ‬ ‫ﺤﺭﺹ‬ ‫ﺍﻹﻁﺎﺭ،‬ ‫ﻫﺫﺍ‬ ‫ﻭﻓﻲ‬ ‫ﺇﻟـﻰ‬ ‫ﻟﺘﺼل‬ ‫ﺍﻟﻔﺎﺌﺩﺓ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺘﺨﻔﻴﺽ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﻗﺭﻭﻀﻪ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻴﺴﺭ‬ ‫ﺩﺭﺠﺔ‬ ‫ﻭﺘﻁﻭﻴﺭ‬ ٢,٥ % ‫ﺫﺍﺕ‬ ‫ﺍﻟﻌﺭﺒﻴـﺔ‬ ‫ﻟﻠـﺩﻭل‬ ‫ﻭ‬ ‫ﺍﻟﻤﻨﺨﻔﺽ‬ ‫ﺍﻟﺩﺨل‬ ٣ % ‫ﻭﺯ‬ ‫ﺍﻷﺨﺭﻯ،‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﻟﻠﺩﻭل‬ ‫ﺒـﻴﻥ‬ ‫ﺘﺘـﺭﺍﻭﺡ‬ ‫ﺍﻟﺘـﻲ‬ ‫ﻭﺍﻟﺴﺩﺍﺩ‬ ‫ﺍﻟﺴﻤﺎﺡ‬ ‫ﻓﺘﺭﺍﺕ‬ ‫ﻴﺎﺩﺓ‬ ٢٢ -٢٥ ‫ﻭﺍﻟـﺩﻋﻡ‬ ‫ﺍﻟﺩﺭﺍﺴـﺎﺕ‬ ‫ﻤﺠـﺎﻻﺕ‬ ‫ﻤﺨﺘﻠـﻑ‬ ‫ﻓﻲ‬ ‫ﺘﺴﻬﻡ‬ ‫ﻤﺴﺘﺭﺩﺓ‬ ‫ﻏﻴﺭ‬ ‫ﻭﻤﻨﺢ‬ ‫ﻤﻌﻭﻨﺎﺕ‬ ‫ﻤﻥ‬ ‫ﻴﻘﺩﻤﻪ‬ ‫ﻤﺎ‬ ‫ﻋﻥ‬ ‫ﹰ‬ ‫ﻓﻀﻼ‬ ‫ﹰ،‬ ‫ﻋﺎﻤﺎ‬ ‫ﺍﻷﻭﻀﺎﻉ‬ ‫ﺩﻋﻡ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ‫ﻭﺍﻟﺘﺩﺭﻴﺏ،‬ ‫ﺍﻟﻤﺅﺴﺴﻲ‬ ‫ﺍﻷﻋﻀﺎﺀ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺒﻌﺽ‬ ‫ﻟﻬﺎ‬ ‫ﺘﺘﻌﺭﺽ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﻁﺎﺭﺌﺔ‬ ‫ﻭﺍﻟﻅﺭﻭﻑ‬ . ‫ﺃﻨﺸﻁﺔ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ : ‫ﺃﻨﺸﻁﺔ‬ ‫ﺘﺴﺘﻨﺩ‬ ‫ﻤـﻥ‬ ‫ﺇﻨـﺸﺎﺌﻪ،‬ ‫ﺍﺘﻔﺎﻗﻴﺔ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻭﺍﺭﺩﺓ‬ ‫ﺍﻷﺤﻜﺎﻡ‬ ‫ﻤﻥ‬ ‫ﻤﺴﺘﻭﺤﺎﺓ‬ ‫ﻤﺒﺎﺩﺉ‬ ‫ﻋﺩﺓ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤـﻥ‬ ‫ﺍﻟﺩﺭﺍﺴـﺎﺕ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻟﺘﺄﻜﺩ‬ ‫ﻴﺘﻡ‬ ‫ﻭﺃﻥ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ،‬ ‫ﻭﺒﺭﺍﻤﺞ‬ ‫ﺨﻁﻁ‬ ‫ﻀﻤﻥ‬ ‫ﺃﻭﻟﻭﻴﺔ‬ ‫ﺫﺍﺕ‬ ‫ﺍﻟﻤﺸﺎﺭﻴﻊ‬ ‫ﺘﻜﻭﻥ‬ ‫ﺃﻥ‬ ‫ﺃﻫﻤﻬﺎ‬ ‫ﺒﻀﻤ‬ ‫ﺍﻟﻜﻔﻴﻠﺔ‬ ‫ﻭﺍﻟﻔﻨﻴﺔ‬ ‫ﻭﺍﻟﺘﻨﻅﻴﻤﻴﺔ‬ ‫ﺍﻟﻘﺎﻨﻭﻨﻴﺔ‬ ‫ﺍﻷﻁﺭ‬ ‫ﻭﻀﻊ‬ ‫ﻴﺘﻡ‬ ‫ﻭﺃﻥ‬ ‫ﻭﺍﻻﻗﺘﺼﺎﺩﻴﺔ،‬ ‫ﺍﻟﻔﻨﻴﺔ‬ ‫ﺠﺩﻭﺍﻫﺎ‬ ‫ﺍﻟﻤـﺸﺎﺭﻴﻊ‬ ‫ﺴﻼﻤﺔ‬ ‫ﺎﻥ‬ ‫ﺃﻫﺩﺍ‬ ‫ﻴﺤﻘﻕ‬ ‫ﻭﺒﻤﺎ‬ ‫ﻓﻬﺎ‬ . ‫ﺍﻟﺠﻬ‬ ‫ﺘﺴﻬﻡ‬ ‫ﺃﻥ‬ ‫ﻜﺫﻟﻙ‬ ‫ﻭﻴﺘﻌﻴﻥ‬ ‫ﺔ‬ ‫ﺘﻤﻭﻴ‬ ‫ﻓﻲ‬ ‫ﻤﻌﻘﻭل‬ ‫ﺒﻨﺼﻴﺏ‬ ‫ﺍﻟﻤﺴﺘﻔﻴﺩﺓ‬ ‫ﺍﻟﻤﺸﺭﻭﻉ‬ ‫ل‬ . ‫ﻟﻠﺼﻨﺩﻭﻕ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﻭﺍﺭﺩ‬ : ‫ﻋﺎﻡ‬ ‫ﻨﺸﺎﻁﺎﺘﻪ‬ ‫ﻤﺯﺍﻭﻟﺔ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺒﺩﺃ‬ ١٩٧٤ ‫ﻤﻘـﺩﺍﺭﻩ‬ ‫ﺒـﻪ‬ ‫ﻤﺼﺭﺡ‬ ‫ﻤﺎل‬ ‫ﺒﺭﺃﺱ‬ ١٠٢ ‫ﻤﻠﻴـﻭﻥ‬ ‫ﺩ‬ . ‫ﻙ‬ . ‫ﺍ‬ ‫ﻤﺴﺎﻫﻤﺎﺕ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻷﻋﻀﺎﺀ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺤﺎﺠﺔ‬ ‫ﺘﺯﺍﻴﺩ‬ ‫ﻭﻤﻊ‬ ، ‫ﺍﺭﺘﻔـﺎﻉ‬ ‫ﻋـﻥ‬ ‫ﺍﻟﻨﺎﺠﻤـﺔ‬ ‫ﻟﻼﻭﻀﺎﻉ‬ ‫ﻭﻜﻨﺘﻴﺠﺔ‬ ‫ﻟﺼﻨﺩﻭﻕ،‬ ‫ﻋﺎﻡ‬ ‫ﺒﻌﺩ‬ ‫ﺍﻟﻨﻔﻁ‬ ‫ﺃﺴﻌﺎﺭ‬ ١٩٧٣ ‫ﺇﻟﻰ‬ ‫ﺒﻪ‬ ‫ﺍﻟﻤﺼﺭﺡ‬ ‫ﻤﺎﻟﻪ‬ ‫ﺭﺃﺱ‬ ‫ﺒﺯﻴﺎﺩﺓ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻗﺎﻡ‬ ٤٠٠ ‫ﻤﻠﻴﻭﻥ‬ ‫ﻜـﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ . ‫،ﺜـﻡ‬ ‫ﺇﻟﻰ‬ ‫ﻤﻀﺎﻋﻔﺘﻪ‬ ٨٠٠ ‫ﺩ‬ ‫ﻤﻠﻴﻭﻥ‬ . ‫ﻙ‬ . ‫ﻋﺎﻡ‬ ١٩٨٣ . ‫ﺍﻟﻔﺘـﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻭﺘﻤﻜﻥ‬ ١٩٧٢ -٢٠٠٧ ‫ﻓﻲ‬ ‫ﻗﻴﻤﺘﻬﺎ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺍﺤﺘﻴﺎﻁﻴﺎﺕ‬ ٣١ / ١٢ / ٢٠٠٧ ‫ﺤﻭﺍ‬ ‫ﻟﻲ‬ ١٨٧٢ ‫ﺩ‬ ‫ﻤﻠﻴﻭﻥ‬ . ‫ﻙ‬ ‫ﻋـﺎﻡ‬ ‫ﻭﻓـﻲ‬ ٢٠٠٨ ‫ﺃﺒﺭﻴـل‬ ‫ﻤﻥ‬ ‫ﺍﻟﺜﺎﻨﻲ‬ ‫ﻓﻲ‬ ‫ﻋﻘﺩ‬ ‫ﻭﺍﻟﺫﻱ‬ ‫ﻭﺍﻟﺜﻼﺜﻴﻥ،‬ ‫ﺍﻟﺴﺎﺒﻊ‬ ‫ﺍﻟﺴﻨﻭﻱ‬ ‫ﺍﺠﺘﻤﺎﻋﻪ‬ ‫ﺨﻼل‬ ‫ﺍﻟﺼﻨﺩﻭﻕ،‬ ‫ﻤﺤﺎﻓﻅﻲ‬ ٢٠٠٨ ‫ﻤﻥ‬ ‫ﺍﻟﻤﺩﻓﻭﻉ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﺎل‬ ‫ﺭﺃﺱ‬ ‫ﺭﻓﻊ‬ ٦٦٣,٠٤ ‫ﺩ‬ ‫ﻤﻠﻴﻭﻥ‬ . ‫ﻙ‬ . ‫ﺇﻟﻰ‬ ٢ ‫ﺩ‬ ‫ﻤﻠﻴﺎﺭ‬ . ‫ﻙ‬ . ‫ﻤﺒﻠﻎ‬ ١,٣٣٦,٩٦ ‫ﺩ‬ . ‫ﻙ‬ . ‫ﺍﻻﺤﺘﻴﺎﻁﻲ‬ ‫ﻤﻥ‬ ‫ﺍﻹﻀ‬ ‫ﺎﻓﻲ‬ ‫ﺇﻟﻴﻪ‬ ‫ﺍﻟﻤﺸﺎﺭ‬ ‫ﺍﻟﻤﺒﻠﻎ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻟﻤﺩﻓﻭﻉ‬ ‫ﺍﻟﻤﺎل‬ ‫ﺭﺃﺱ‬ ‫ﻟﺯﻴﺎﺩﺓ‬ ٢٠١٣ ‫ﻟﻠﺼﻨﺩﻭﻕ‬ ‫ﻭﺍﻟﻤﺩﻓﻭﻉ‬ ‫ﺒﻪ‬ ‫ﺍﻟﻤﻜﺘﺘﺏ‬ ‫ﺍﻟﻤﺎل‬ ‫ﺭﺃﺱ‬ ‫ﺒﻠﻎ‬ ، ٢,٨٢٤,٨ ‫ﺩ‬ ‫ﻤﻠﻴﻭﻥ‬ . ‫ﻙ‬ . ‫ﻤﻨﻬـﺎ‬ ٢,٥٠٠ ‫ﺩ‬ ‫ﻤﻠﻴـﻭﻥ‬ . ‫ﻙ‬ ‫ﻭ‬ ‫ﻤﻜﺘﺘﺏ‬ ‫ﻤﺎل‬ ‫ﺭﺃﺱ‬ ٣٢٤,٨ ‫ﺩ‬ ‫ﻤﻠﻴﻭﻥ‬ . ‫ﻙ‬ . . ‫ﺍﺤﺘﻴﺎﻁﻴﺎﺕ‬ . ‫ﻋﺎﻡ‬ ‫ﻭﺒﻨﻬﺎﻴﺔ‬ ‫ﺘﺨـﺼﻴﺹ‬ ‫ﻁﺭﻕ‬ ‫ﻋﻥ‬ ‫ﻭﺫﻟﻙ‬ ، ‫ﻋﻠـﻰ‬ ، ‫ﻤﺠﻠـﺱ‬ ‫ﻭﺍﻓـﻕ‬ ، ‫ﺘﻜـﻭﻴﻥ‬ ‫ﻤـﻥ‬ ٢٠١٥ ‫ﻟﻠﻘﺭﻭﺽ‬ ‫ﺍﻟﺠﻐﺭﺍﻓﻰ‬ ‫ﺍﻟﺘﻭﺯﻴﻊ‬ : ‫ﺭﻗﻡ‬ ‫ﺍﻟﺠﺩﻭل‬ ‫ﻤﻥ‬ ‫ﻴﻼﺤﻅ‬ ) ٢ ( ‫ﺍﻟ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﻥ‬ ‫ﻋﺎﻡ‬ ‫ﻨﺸﺎﻁﻪ‬ ‫ﺒﺩﺀ‬ ‫ﻤﻨﺫ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻗﺩﻤﻬﺎ‬ ‫ﺍﻟﺘﻰ‬ ‫ﻘﺭﻭﺽ‬ ١٩٧٤ ‫ﺤﺘـﻰ‬ ‫ﻋﺎﻡ‬ ٢٠١٣ ‫ﺤﻭﺍﻟﻰ‬ ٧٩٨٦,١ ‫ﻋﻠﻰ‬ ‫ﻤﻭﺯﻋﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ١٧ ‫ﺍﻥ‬ ‫ﺍﻟﺠـﺩﻭل‬ ‫ﺨـﻼل‬ ‫ﻤﻥ‬ ‫ﻴﻼﺤﻅ‬ ‫،ﻜﻤﺎ‬ ‫ﺩﻭﻟﺔ‬ ‫ﻗﻴﻤـﺔ‬ ‫ﺒﻠﻐـﺕ‬ ‫ﺤﻴـﺙ‬ ‫ﺍﻟﻌﺭﺒﻴـﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻓﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﺍﻗﺘﺭﻀﺎ‬ ‫ﺍﻻﻜﺜﺭ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻗﺎﺌﻤﺔ‬ ‫ﺘﺘﺼﺩﺭ‬ ‫ﺍﻟﻤﻐﺭﺒﻴﺔ‬ ‫ﺍﻟﻤﻤﻠﻜﺔ‬ ‫ﺍﻟﺼﻨﺩ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﻭﻕ‬ ١١٤٧,٩ ‫ﺩﻴﻨ‬ ‫ﻤﻠﻴﻭﻥ‬ ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺎﺭ‬ ١٤,٤ % ‫ﻤـﻥ‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ . ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﻭﺍﻟﻤﻭﺍﻨﻰ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ٤٨,٩ % ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﺍﻟﺭﻴﻔﻴﺔ‬ ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﻭﺍﻟﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ٣٠,٣ % ‫ﻭﺍﻟـﺼﺭﻑ‬ ‫ﺍﻟﻤﻴـﺎﺓ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺍﻟ‬ ‫ﻭﺍﻟﻜﻬ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭ‬ ‫ﺼﺤﻰ‬ ‫ﻭ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺭﺒﺎﺀ‬ ‫ﺍﻟ‬ ‫ﻭ‬ ‫ﻭﺍﻟﺘﻌﺩﻴﻥ‬ ‫ﺼﻨﺎﻋﺔ‬ ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ‫ﺍﻻﺘﺼﺎﻻﺕ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬ ٩,٣ % ، ٧,٥ % ، ٢,٨ % ، ٠,٨ % ، ٠,٣ % . ‫ﻭ‬ ‫ﺘﻤﺜل‬ ‫ﻤـﻥ‬ ‫ﻤﻘﺘﺭﻀـﺔ‬ ‫ﺩﻭﻟﺔ‬ ‫ﺍﻜﺒﺭ‬ ‫ﺜﺎﻨﻰ‬ ‫ﻤﺼﺭ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ١١٢٢,٢ ‫ﻜـﻭﻴ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ‫ﺒﻨـﺴﺒﺔ‬ ‫ﺘﻰ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ١٤,١ % ‫ﺍﻟﻜﻬﺭﺒـﺎﺀ‬ ‫ﻭ‬ ‫ﺍﻟﻁﺎﻗـﺔ‬ ‫ﻗﻁـﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ٥٨,٤ % ‫ﺒﻨﺴﺒﺔ‬ ‫ﻭﺍﻟﻤﻭﺍﻨﻰ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ١١,٨ % ‫ﻗﻁـﺎﻉ‬ ‫ﺜـﻡ‬ ‫ﺍﻟﺼﺤﻲ‬ ‫ﻭﺍﻟﺼﺭﻑ‬ ‫ﺍﻟﻤﻴﺎﻩ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﻭﺍﻟﺘﻌﺩﻴﻥ‬ ‫ﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﻭ‬ ‫ﺍﻻﺠﺘﻤ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭ‬ ‫ﺎﻋﻴﺔ‬ ‫ﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﺍﻷﺨﺭﻯ‬ ‫ﻭ‬ ‫ﺒﻨـﺴﺏ‬ ‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ١٠,٦ % ، ٩ % ، ٧,٤ % ، ٢,٨٥ .% ‫ﻭﺘﻤﺜل‬ ‫ﻤـﻥ‬ ‫ﻤﻘﺘﺭﻀـﺔ‬ ‫ﺩﻭﻟـﺔ‬ ‫ﺍﻜﺒﺭ‬ ‫ﺜﺎﻟﺙ‬ ‫ﺍﻟﻴﻤﻥ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ٨٤٧,٧ ‫ﺩﻴﻨ‬ ‫ﻤﻠﻴﻭﻥ‬ ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺎﺭ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ١٠,٦ % ‫ﺍﻟﻔ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤ‬ ‫ﺘﺭﺓ‬ ‫ﻭ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺫﻜﻭﺭﺓ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﺍﻟﻤﻭﺍﻨﻰ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ٤٦,٨ % ‫ﻭﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺘﻘﺩ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺭ‬ ٢٤,٦ % ‫ﻭﺍﻟﺼﺭﻑ‬ ‫ﺍﻟﻤﻴﺎﺓ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻟﺼﺤﻰ‬ ‫ﺍﻟـﺼﻨ‬ ‫ﻗﻁـﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺍﻟﺭﻴﻔﻴﺔ‬ ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﻭﺍﻟﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﻭﺍﻟﺘﻌـﺩﻴﻥ‬ ‫ﺎﻋﺔ‬ ‫ﺍﻻﺨﺭﻯ‬ ‫ﻭﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﻭﺍﻻ‬ ‫ﺍﻟﺘـﻭﺍ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ‫ﺘﺼﺎﻻﺕ‬ ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﻟﻰ‬ ١٣,٣ % ، ١٣ % ، ٧,٥ % ، ٣,٧ % ، ١,٩ % ، ١ . % ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻤﻘﺘﺭﻀﺔ‬ ‫ﺩﻭﻟﺔ‬ ‫ﺍﻜﺒﺭ‬ ‫ﺭﺍﺒﻊ‬ ‫ﺍﻟﺴﻭﺩﺍﻥ‬ ‫ﺩﻭﻟﺔ‬ ‫ﻭﺘﺎﺘﻰ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ٧٢٤,٨ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ٩,١ % ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﻭﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ٣١,٧ % ‫ﺍﻟﻨﻘـل‬ ‫ﻗﻁـﺎﻉ‬ ‫ﺜـﻡ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻭﺍﻟﻤﻭﺍﻨﻰ‬ ٢٧,٤ % ‫ﻗﻁـﺎﻉ‬ ‫ﺍﻟﺭﻴﻔﻴـﺔﻭ‬ ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﻭﺍﻟﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﻭ‬ ‫ﺍﻟـﺼﻨﺎﻋﺔ‬ ‫ﺍﻟﺘـﻭﺍﻟﻰ‬ ‫ﻋﻠـﻰ‬ ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ‫ﺍﻻﺘﺼﺎﻻﺕ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭ‬ ‫ﺍﻟﺼﺤﻰ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﻭ‬ ‫ﺍﻟﻤﻴﺎﺓ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻟﺘﻌﺩﻴﻥ‬ ‫ﺒﺤـﻭﺍﻟﻰ‬ ٢٧ .% ٨,٨ % ، ٤ % ، ١,١ . % ‫ﻗﻴﻤـﺔ‬ ‫ﺒﻠﻐـﺕ‬ ‫ﺤﻴـﺙ‬ ‫ﺍﻟـﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻤﻘﺘﺭﻀﺔ‬ ‫ﺩﻭل‬ ‫ﺍﻜﺒﺭ‬ ‫ﺨﺎﻤﺱ‬ ‫ﺴﻭﺭﻴﺎ‬ ‫ﺩﻭﻟﺔ‬ ‫ﻭﺘﺎﺘﻰ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ٦٩٧ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ٨,٧ % ‫ﺍﺠﻤـﺎﻟﻰ‬ ‫ﻤـﻥ‬ ‫ﺍﻻﻭﻟـ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﻭﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨـﺴﺔ‬ ‫ﻰ‬ ٥٢,٨ % ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﻭﺍﻟﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ١٢,٣ % ‫ﻗﻁـﺎﻉ‬ ‫ﻭ‬ ‫ﻭﺍﻟﻤﻭﺍﻨﻰ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴـﺔ‬ ‫ﺍﻟﺨـﺩﻤﺎﺕ‬ ‫ﻭﻗﻁـﺎﻉ‬ ‫ﺍﻟـﺼﺤﻰ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﻭ‬ ‫ﺍﻟﻤﻴﺎﺓ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻟﺘﻌﺩﻴﻥ‬ ‫ﻭ‬ ‫ﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭ‬ ‫ﺍﻻﺘﺼﺎﻻﺕ‬ ‫ﺍﻟﺘﻭﺍﻟ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ‫ﺍﻻﺨﺭﻯ‬ ‫ﻭﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﻰ‬	‫ﺍﻟﻤﺠﻤﻭﻉ‬ %

٢٠١٥ ‫ﻴﻭﻨﻴﻭ‬ -‫ﺍﻟﺜﺎﻨﻲ‬ ‫ﺍﻟﻌﺩﺩ‬ -‫ﻭﺍﻟﻌﺸﺭﻭﻥ‬ ‫ﺍﻟﺨﺎﻤﺱ‬ -‫ﺍﻟﺯﺭﺍﻋﻲ‬ ‫ﻟﻼﻗﺘﺼﺎﺩ‬ ‫ﺍﻟﻤﺼﺭﻴﺔ‬ ‫ﺍﻟﻤﺠﻠﺔ‬ ‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺩﻭﺭ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﻭﻁﻥ‬ ‫ﻓﻲ‬ ) ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻟﻺﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺤﺎﻟﺔ‬ ‫ﺩﺭﺍﺴﺔ‬ ( ٥٦٢

  
	‫ﺩﻭﻟﺔ‬ ‫ﻭﺘﺎﺘﻰ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺍ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﻭ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺘﺎﺴﻊ‬ ‫ﻤـﻥ‬ ‫ﻟﻬـﺎ‬ ‫ﺍﻟﻤﻘﺩﻤـﺔ‬ ‫ﺍﻟﻘـﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻤﻘﺘﺭﻀﺔ‬ ‫ﺩﻭﻟﺔ‬ ‫ﺍﻜﺒﺭ‬ ٣٩٥,٣ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ٤,٩ % ‫ﺨـﻼل‬ ‫ﺍﻟﻘـﺭﻭﺽ‬ ‫ﻗﻴﻤـﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ‫ﻻﻭﻟﻰ‬ ٣٧,٢ % ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﻭﺍﻟﺭﻯ‬ ١٩,٦ % ‫ﻭﻗﻁـﺎﻉ‬ ‫ﻭﺍﻟﻤـﻭﺍﻨﻰ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨـﺴﺏ‬ ‫ﺍﻻﺘﺼﺎﻻﺕ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻻﺨﺭﻯ‬ ‫ﻭﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﺍﻟﺘﻌﺩﻴﻥ‬ ‫ﻭ‬ ‫ﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭ‬ ‫ﺍﻟﺼﺤﻰ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﻭ‬ ‫ﺍﻟﻤﻴﺎﺓ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬ ١٧,٧ % ، ١١,٤ % ، ٧,٦ % ، ٢٥ % ، ٢,١ % ، ٢ . % ‫ﺍﻜﺒـﺭ‬ ‫ﻋﺎﺸـﺭ‬ ‫ﻟﺒﻨﺎﻥ‬ ‫ﺩﻭﻟﺔ‬ ‫ﻭﺘﺎﺘﻰ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻤﻘﺘﺭﻀﺔ‬ ‫ﺩﻭﻟﺔ‬ ٣٩٣ ‫ﺩﻴﻨـﺎﺭ‬ ‫ﻤﻠﻴـﻭﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ٤,٩ % ‫ﻭ‬ ‫ﺍﻟﻁﺎﻗـﺔ‬ ‫ﻗﻁـﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺍﻻ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ‫ﻭﻟﻰ‬ ٢٩,٤ % ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻭﺍﻟﻤﻭﺍﻨﻰ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ٢٢,٦ % ‫ﺜﻡ‬ ‫ﻭﺍﻟـﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋـﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻻﺨﺭﻯ‬ ‫ﻭﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﺍﻟﺼﺤﻰ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﻭ‬ ‫ﺍﻟﻤﻴﺎﺓ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ١٨,٢ % ، ١٣,٢ % ، ٨,٦ % ، ٧,٩ . % ‫ﻓـﻰ‬ ‫ﻋﻤـﺎﻥ‬ ‫ﺴـﻠﻁﻨﺔ‬ ‫ﻭﺘﺎﺘﻰ‬ ‫ﺍﻟ‬ ‫ﺍﻟـﺼﻨﺩﻭﻕ‬ ‫ﻤـﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻘﺘﺭﻀﺔ‬ ‫ﻟﻠﺩﻭل‬ ‫ﻋﺸﺭ‬ ‫ﺍﻟﺤﺎﺩﻯ‬ ‫ﺘﺭﺘﻴﺏ‬ ‫ﺤﻭﺍﻟﻰ‬ ٣١٧,٥ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ٤ % ‫ﺍﻟﻤـﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﺍﻟﻤﻭﺍﻨﻰ‬ ‫ﻭ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ٥٦,٢ % ‫ﺍﻟﻘﻁﺎﻋﺎ‬ ‫ﺜﻡ‬ ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨـﺴﺒﺔ‬ ‫ﺍﻻﺨﺭﻯ‬ ‫ﺕ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ١٨,٩ % ‫ﻭﺍﻟﺘﻌـﺩﻴﻥ‬ ‫ﺍﻟـﺼﻨﺎﻋﺔ‬ ‫ﻭﻗﻁـﺎﻉ‬ ‫ﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﻭ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻟﺼﺤﻰ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﻭ‬ ‫ﺍﻟﻤﻴﺎﺓ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﺍﻟﺘـﻭﺍﻟﻰ‬ ‫ﻋﻠـﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ‫ﺍﻻﺘﺼﺎﻻﺕ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﻭﺍﻟﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ١٤,٢ % ، ٩,٦ % ، ١,٩ % ، ٠,٩ % ، ٠,٩ . % ‫ﺒﻴﻥ‬ ‫ﻋﺸﺭ‬ ‫ﺜﺎﻨﻰ‬ ‫ﺍﻟﺘﺭﺘﻴﺏ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺒﺤﺭﻴﻥ‬ ‫ﻭﺘﺎﺘﻰ‬ ‫ﺤﻴـﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻘﺘﺭﻀﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ٣٠١,٥ ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ٣,٨ % ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨـﺴﺔ‬ ‫ﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﻭ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ٢٧,٨ % ‫ﺍﻻﺠﺘﻤﺎ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻋﻴﺔ‬ ٢٣,٢ % ٢٧٩,٥ 14.3 ٤٠ 26.8 ٧٥ 10.3 ٢٩ 7.3 ٢٠,٥ 22.5 ٦٣ 1.5 ٤٢ ٢٠٠٠ ٢٨٢ 6.4 ١٨ 10.9 ٣١ 3.9 ١١ 11 ٣١ 19.8 ٥٦ 4.7 ١٣٥ ٢٠٠١ ١٩٠,٥ 7.8 ١٥ 2.8 ٥,٥ 0 ٠ 59.8 ١١٤ 67.7 ١٢٩ 1.4 ٢٧ ٢٠٠٢ ٣٠٨,٥ 14.9 ٤٦ 0 ٠ 0 ٠ 0 ٠ 62.5 ١٩٣ 2.2 ٦٩,٥ ٢٠٠٣ ٣٠٩ 5.2 ١٦ 3.8 ١٢ 0.6 ٢ 23.6 ٧٣ 44.0 ١٣٦ 2.3 ٧١ ٢٠٠٤ ٣٣٥ 13.4 ٤٥ 6.2 ٢١ 0 ٠ 5.9 ٢٠ 24.7 ٨٣ 4.9 ١٦٦ ٢٠٠٥ ٣٤٥ 12.7 ٤٤ 0.86 ٣ 2.0 ٧ 11.6 ٤٠ 20 ٦٩ 5.2 ١٨٢ ٢٠٠٦ ٣٦٨ 23.3 ٨٦ 3.2 ١٢ 0.8 ٣ 13.5 ٥٠ 23.1 ٨٥ 3.3 ١٢٢ ٢٠٠٧ ٣٦٦,٨ 0 ٠ 17.4 ٦٤ 1.5 ٥,٨ 13.0 ٤٨ 47.1 ١٧٣ 2.1 ٧٦ ٢٠٠٨ ٣٣٤,٠٥ 0 ٠ 4.5 ١٥ 4.0 ١٣,٥ 2.1 ٧ 58.3 ١٩٥ 3.1 ١٠٤ ٢٠٠٩ ٣٦٠,٥ 1.9 ٧ 3.3 ١٢ 9.5 ٣٤,٥ 8.3 ٣٠ 39.3 ١٤٢ 3.7 ١٣٥ ٢٠١٠ ٣٤٠ 8.8 ٣٠ 14.7 ٥٠ 0 ٠ 2.3 ٨ 41.7 ١٤٢ 3.2 ١١٠ ٢٠١١ ٣٧٩ 22.9 ٨٧ 0 ٠ 0 ٠ 17.1 ٦٥ 27.1 ١٠٣ 3.2 ١٢٤ ٢٠١٢ ٣٨٨ 7.2 ٢٨ 7.7 ٣٠ 8.2 ٣٢ 13.4 ٥٢ 26.8 ١٠٤ 3.6 ١٤٢ ٢٠١٣ ‫ﺍﻟـﺼﺭﻑ‬ ‫ﻭ‬ ‫ﺍﻟﻤﻴـﺎﺓ‬ ‫ﻗﻁـﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺍﻟﺘـﻭﺍﻟﻰ‬ ‫ﻋﻠـﻰ‬ ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ‫ﺍﻻﺘﺼﺎﻻﺕ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﻭﺍﻟﺘﻌﺩﻴﻥ‬ ‫ﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻟﻤﻭﺍﻨﻰ‬ ‫ﻭ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭ‬ ‫ﺍﻟﺼﺤﻰ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ٢١,٩ % ، ١٦,٧ % ، ٨,٣ % ، ٢ . % ‫ﻤـﻥ‬ ‫ﺍﻟﻤﻘﺘﺭﻀـﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺒﻴﻥ‬ ‫ﻋﺸﺭ‬ ‫ﺜﺎﻟﺙ‬ ‫ﺍﻟﺘﺭﺘﻴﺏ‬ ‫ﻓﻰ‬ ‫ﻟﻴﺒﻴﺎ‬ ‫ﻭﺘﺎﺘﻰ‬ ‫ﺍﻟﻘ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺭﻭﺽ‬ ١٧٥,٧ ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ٢,٢ % ‫ﻭ‬ ‫ﺍﻟﻁﺎﻗـﺔ‬ ‫ﻗﻁـﺎﻉ‬ ‫ﺍﻻﻭﻟـﻰ‬ ‫ﺍﻟﻤﺭﺘﺒـﺔ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ‫ﺍﻟﻜﻬﺭﺒﺎﺀ‬ ٧٢,٤ % ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﺍﻟﺘﻌﺩﻴﻥ‬ ‫ﻭ‬ ‫ﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ٢٠,٥ % ‫ﻗﻁـﺎﻉ‬ ‫ﺜـﻡ‬ ‫ﺍﻻﺘﺼﺎﻻ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ‫ﺕ‬ ٧,١ % ‫ﻤـﻥ‬ ‫ﺍﻟﻤﻘﺘﺭﻀـﺔ‬ ‫ﺍﻟـﺩﻭل‬ ‫ﺒﻴﻥ‬ ‫ﻋﺸﺭ‬ ‫ﺭﺍﺒﻊ‬ ‫ﺍﻟﺘﺭﺘﻴﺏ‬ ‫ﻓﻰ‬ ‫ﺠﻴﺒﻭﺘﻰ‬ ‫ﻭﺘﺎﺘﻰ‬ ، ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ٨٢ ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨـﺴﺒﺔ‬ ‫ﻜـﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ١ % ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻜﻬﺭﺒـﺎﺀ‬ ‫ﻭ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ٢٦,٨ % ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ٢٤,٤ % ‫ﻭ‬ ‫ﺍﻟﻤﻴـﺎﺓ‬ ‫ﻗﻁـﺎﻉ‬ ‫ﺜﻡ‬ ‫ﻭ‬ ‫ﺍﻟﺼﺤﻰ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﻭﺍﻟ‬ ‫ﻭﺍﻟـﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻻﺘﺼﺎﻻﺕ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻟﻤﻭﺍﻨﻰ‬ ‫ﻭ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻗﻁﺎﻉ‬ ‫ﻗﻁـﺎﻉ‬ ‫ﺜـﻡ‬ ‫ﺘﻨﻤﻴـﺔ‬ ‫ﺍﻟﺘﻌﺩﻴﻥ‬ ‫ﻭ‬ ‫ﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ٢٠,٧ % ، ١٧,٧ % ، ٧,٢ % ، ٢,٣ % ، ٠,٨ % . ‫ﺍﻟﻌـﺭﺍﻕ‬ ‫ﻭﺘـﺎﺘﻰ‬ ‫ﻓـﻰ‬ ‫ﻋﺸﺭ‬ ‫ﺨﺎﻤﺱ‬ ‫ﺍﻟﺘﺭﺘﻴﺏ‬ ‫ﺍﻟـﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻘﺘﺭﻀﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺒﻴﻥ‬ ‫ﺤﻭﺍﻟﻰ‬ ٥٩,٧ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ٠,٧ % ‫ﺍﻟﻤـﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺒﺤﻭﺍﻟ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ‫ﺍﻻﺨﺭﻯ‬ ‫ﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﻭﺘﺤﺘل‬ ‫ﻰ‬ ٣٢,٥ % ‫ﺒﻨـﺴﺒﺔ‬ ‫ﺍﻟﺘﻌـﺩﻴﻥ‬ ‫ﻭ‬ ‫ﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ٣١,٥ % ‫ﺒﻨـﺴﺏ‬ ‫ﺍﻻﺘـﺼﺎﻻﺕ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﻭﺍﻟﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﻭ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ١٤,٢ % ، ١٣,٤ % ، ٨,٤ .% ‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬ . ‫ﺍﻟـﺩﻭل‬ ‫ﺒﻴﻥ‬ ‫ﻋﺸﺭ‬ ‫ﺴﺎﺩﺱ‬ ‫ﺍﻟﺘﺭﺘﻴﺏ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺼﻭﻤﺎل‬ ‫ﻭﺘﺎﺘﻰ‬ ‫ﻗﻴ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻘﺘﺭﻀﺔ‬ ‫ﺤﻭﺍﻟﻰ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﻤﻥ‬ ‫ﻟﻬﺎ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻤﺔ‬ ٤٠,٧ ‫ﻜﻭﻴﺘﻰ‬ ‫ﺩﻴﻨﺎﺭ‬ ‫ﻤﻠﻴﻭﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺒﺔ‬ ٠,٥ % ‫ﺍﻟﻤـﻭﺍﻨﻰ‬ ‫ﻭ‬ ‫ﺍﻟﻨﻘـل‬ ‫ﻗﻁﺎﻉ‬ ‫ﻭﻴﺤﺘل‬ ‫ﺍﻟﻤﺫﻜﻭﺭﺓ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﻗﻴﻤﺔ‬ ‫ﺍﺠﻤﺎﻟﻰ‬ ‫ﻤﻥ‬ ‫ﺒﺤﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺔ‬ ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺘﺒﺔ‬ ٤٠,٥ % ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﺘﻘـﺩﺭ‬ ‫ﺒﻨـﺴﺒﺔ‬ ‫ﻭﺍﻟﺘﻨﻤﻴـﺔ‬ ‫ﻭﺍﻟـﺭﻯ‬ ‫ﺍﻟﺯﺭﺍﻋﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ٢٣,٣ % ‫ﻗﻁﺎﻉ‬ ‫ﺜﻡ‬ ‫ﺒﺤـﻭﺍﻟﻰ‬ ‫ﺘﻘﺩﺭ‬ ‫ﺒﻨﺴﺏ‬ ‫ﺍﻻﺘﺼﺎﻻﺕ‬ ‫ﻭﻗﻁﺎﻉ‬ ‫ﺍﻟﺼﺤﻰ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﻭ‬ ‫ﺍﻟﻤﻴﺎﺓ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺍﻟﻜﻬﺭﺒﺎﺀ‬ ‫ﻭ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ 6 ٤,٥ 39.8 ٢٨,٠ ٧٠,٢ ‫ﺘﻭﻨﺱ‬ ‫ﺍﻟﻭﺍﻟﻰ‬ ‫ﻭ‬ ‫ﺍﻟﻜﺒﻴﺭ‬ ‫ﺴﺩﻯ‬ ‫ﻤﺸﺭﻭﻉ‬ 22 6 ٤,٥ 53.7 ٣٥,٠ ٦٥,١ ‫ﺍﻻﺭﺩﻥ‬ ‫ﺍﻟﻭﺤﺩﺓ‬ ‫ﺴﺩ‬ 25 7 ٣ 6.9 ١٢,٠ ١٧٢,٩ ‫ﺍﻟﺴﻭﺩﺍﻥ‬ ‫ﺍﻟﺭﻭﺼﻴﺭﺹ‬ ‫ﺴﺩ‬ ‫ﺘﻌﻠﻴﺔ‬ 22 6 ٤,٥ 17.5 ٣١,٠ ١٧٦,٧ ‫ﺍﻟﺠﺯﺍﺌﺭ‬ ‫ﻫﺎﺭﻭﻥ‬ ‫ﺒﻨﻰ‬ ‫ﻤﻴﺎﺓ‬ ‫ﻭﻨﻘل‬ ‫ﻀﺦ‬ ) ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺤﻠﺔ‬ ( 22 6 ٤,٥ 37.4 ٥,٥ ١٤,٧ ‫ﺴﻭﺭﻴﺎ‬ ‫ﺍﺩﻟﺏ‬ ‫ﺒﻤﺤﺎﻓﻅﺔ‬ ‫ﺍﻟﺭﻴﻔﻴﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ 22 6 ٤,٥ 56.8 ١٢,٠ ٢١,١ ‫ﺘﻭﻨﺱ‬ ‫ﺴ‬ ‫ﻭﺭﻯ‬ ‫ﺴﺭﺍﻁ‬ ‫ﺴﺩ‬ ‫ﻬﻠﻰ‬ ‫ﻤﺤﺠﻭﺒﺔ‬ ‫ﻭ‬ ‫ﺒﻭﻏﺎﻨﻡ‬ ‫ﺍﻭﻻﺩ‬ 22 7 ٣ 16.9 ٢١,٠ ١٢٣,٦ ‫ﺍﻟﺴﻭﺩﺍﻥ‬ ‫ﺍﻻﺒﻴﺽ‬ ‫ﺍﻟﻨﻴل‬ ‫ﺴﻜﺭ‬ 22 5 ٤,٥ 54.5 ٣,٠ ٥,٥ ‫ﺘﻭﻨﺱ‬ ‫ﻗﻔﺼﺔ‬ ‫ﺒﻭﻻﻴﺔ‬ ‫ﺍﻟﻜﺒﻴﺭ‬ ‫ﻭﺍﺩﻯ‬ ‫ﺴﺩ‬ 24 6 ٣ 81.6 ١٢,٠ ١٤,٧ ‫ﺍﻟﻴﻤﻥ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺴﻤﻜﻴﺔ‬ ‫ﻭ‬ ‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺤﻀﺭﻤﻭﺕ‬ ‫ﺴﺎﺤل‬ 25 6 ٣ 40.7 ٥٨,٠ ١٤٢,٣ ‫ﺍﻟﺴﻭﺩﺍﻥ‬ ‫ﺍﻟﺭﻭﺼﻴﺭﺹ‬ ‫ﺴﺩ‬ ‫ﺘﻌﻠﻴﺔ‬ ) ‫ﺍﻟﻤ‬ ‫ﺭﺤﻠﺔ‬ ‫ﺍﻟﺜﺎﻨﻴﺔ‬ ( 22 5 ٤,٥ 75.9 ٦,٠ ٧,٩ ‫ﺍﻻﺭﺩﻥ‬ ‫ﻋﺭﺒﺔ‬ ‫ﻭﺍﺩﻱ‬ ‫ﻟﻤﻨﻁﻘﺔ‬ ‫ﺍﻟﻤﺘﻜﺎﻤﻠﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ) ‫ﺍﻻﻭﻟﻰ‬ ‫ﺍﻟﻤﺭﺤﻠﺔ‬ ( 22 5 ٣ 51.5 ١٥,٠ ٢٩,١ ‫ﺍﻟﻤﻐﺭﺏ‬ ‫ﺯﺭﺍﺭ‬ ‫ﺴﺩ‬ 22 5 ٣ 45.2 ١٢,٠ ٢٦,٥ ‫ﺍﻟﻤﻐﺭﺏ‬ ‫ﺨﺭﻭﻓﺔ‬ ‫ﺩﺍﺭ‬ ‫ﺴﺩ‬ 25 7 ٢,٥ 11.2 ٥٠,٠ ٤٤٣,٧ ‫ﺍﻟﺴﻭﺩﺍﻥ‬ ‫ﻭﺴﺘﻴﺕ‬ ‫ﻋﻁﺒﺭﺓ‬ ‫ﺍﻋﺎﻟﻰ‬ ‫ﺴﺩﻯ‬ ‫ﻤﺠﻤﻊ‬ 25 5 ٢,٥ 5.8 ٣٠,٠ ٥١٢,٦ ‫ﺍﻟﺴﻭﺩﺍﻥ‬ ‫ﺍﻟ‬ ‫ﺴﺩﻯ‬ ‫ﻤﺠﻤﻊ‬ ‫ﻭﺴﺘﻴﺕ‬ ‫ﻋﻁﺒﺭﺓ‬ ‫ﻌﺎﻟﻰ‬ ) ‫ﺍﻀﺎﻓﻰ‬ ‫ﻗﺭﺽ‬ ( ٣٠٠,٥ ١٨٢٦,٦ ‫ﺍﻻﺠ‬ ‫ﻤﺎﻟﻰ‬

‫ﺍﻟﻤﺼﺩﺭ‬ : ‫ﺍﻟﺼ‬ ‫ﻭ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻯ‬ ‫ﻟﻼﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻰ‬ ‫ﻨﺩﻭﻕ‬ ‫ﻤﺨﺘﻠﻔﺔ‬ ‫،ﺍﻋﺩﺍﺩ‬ ‫ﺍﻟﺴﻨﻭﻯ‬ ‫ﺍﻟﺘﻘﺭﻴﺭ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻰ،‬ ٢٠١٥ ‫ﻴﻭﻨﻴﻭ‬ -‫ﺍﻟﺜﺎﻨﻲ‬ ‫ﺍﻟﻌﺩﺩ‬ -‫ﻭﺍﻟﻌﺸﺭﻭﻥ‬ ‫ﺍﻟﺨﺎﻤﺱ‬ -‫ﺍﻟﺯﺭﺍﻋﻲ‬ ‫ﻟﻼﻗﺘﺼﺎﺩ‬ ‫ﺍﻟﻤﺼﺭﻴﺔ‬ ‫ﺍﻟﻤﺠﻠﺔ‬

  

Summary

Agricultural development occupies a leading position in the ladder of economic and investment policy priorities in many development programs and economic reform in the Arab countries because of the importance of agriculture as a source of food and raw materials, it must activate the role and contribution of the Arab capital in the financing of the Arab strategic dimension of vital projects. 
The study problem represented in dwindling share of the Arab agricultural sector of the total loans granted compared to other sectors of non-agricultural, Despite the importance of this sector to increase the economic growth rate by increasing agricultural output and advance agricultural development, so the study aims to clarify the current status of funding for operations carried out by the Arab Fund, as a source of financing for development in the Arab world, and analyses the nature of the loans provided to Arab countries, the study relied on descriptive and quantitative analysis, and the study shed light on the geographical distribution of loans and it turns out that the biggest countries borrowing in Agriculture sector are Morocco, Sudan, Tunisia and Jordan, where the agriculture sector loans accounted for about 30.3% 0.27%, 26.7%, 22.6% of the total loans to these countries from the Arab Fund for economic and Social Development. And that the agriculture sector loans ratio decreases by about 0.4 percent per year, and this decreases is unsignificant. The study also notes that all of the cost of the project had significant direct effect to the loans provided to the agriculture sector. 
Through the results obtained, the study recommends the following: (1) increasing the capital of this financial institution to develop their potential in the establishment of a new Arab productive projects, (2) The Arab Fund have to review plans and economic policies to be able to deal efficiently with the food needs in the Arab countries and contribute to hence development, (3) control on loans to ensure the benefit of the beneficiary countries, (4) countries have to interest in the beneficiary feasibility studies of projects offered for financing to become familiar with the various aspects of the project and estimate the actual needs (5) interest in the management of projects after implementation and provide the necessary funds for conservation.
‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺭﺒﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﺅﺴﺴﺎﺕ‬ ‫ﺩﻭﺭ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﻭﻁﻥ‬ ‫ﻓﻲ‬ ) ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻟﻺﻨﻤﺎﺀ‬ ‫ﺍﻟﻌﺭﺒﻲ‬ ‫ﺍﻟﺼﻨﺩﻭﻕ‬ ‫ﺤﺎﻟﺔ‬ ‫ﺩﺭﺍﺴﺔ‬ ( ٥٥٧