The Aga Khan Development Network (AKDN) works in over 30 countries around the world. It currently operates over 1,000 programmes and institutions − many of which date back over 60 years, and some over 100. It employs approximately 96,000 people, the majority of whom are based in developing countries. The AKDN’s annual budget for non-profit development activities is approximately US$ 1,000 million. Its economic development arm, the Aga Khan Fund for Economic Development (AKFED), generates annual revenues of US$ 4.5 billion, but all surpluses generated by its project companies are reinvested in further development activities, usually in fragile, remote or post-conflict regions.