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Abu Dhabi 06-08-2019 / WAM
A delegation from the Republic of Guinea-Bissau met with the Director General of the Abu Dhabi Fund for Development (ADFD) to discuss bilateral relations and means of developing them in all fields, especially in terms of financing development projects and opportunities to enhance joint cooperation between the Fund and the Republic of Guinea-Bissau.
This came during a visit by a delegation from the Republic of Guinea-Bissau to the headquarters of the Abu Dhabi Fund for Development.
During the meeting, the Prime Minister of Guinea-Bissau and his accompanying delegation visited the country and stressed the Fund’s keenness to support development efforts and expand its development activities in developing countries, especially in the African continent. He pointed out that the projects financed by the Fund in Africa have achieved positive results and contributed to improving the living conditions of the population.
He added that the activities of the Abu Dhabi Fund for Financial Development in Africa have spread over four decades to 40 countries. The Fund has focused on the implementation of thousands of projects in infrastructure, education, housing, health, energy and other projects that contributed to sustainable development in many countries. African States, and had a direct impact on the lives of millions of people on the African continent.
For his part, he expressed his thanks and appreciation to the UAE and the Abu Dhabi Fund for Development for their efforts to help developing countries achieve their development goals by financing infrastructure projects that are directly reflected in various aspects of life.
“We hope through this visit to find common channels of cooperation in several areas of interest to both sides,” he said, pointing out that the Fund has great experience in the field of development work on a global level and there are great opportunities for cooperation in the near future.
The Fund’s development activities in the African continent began four decades ago. The Fund provided development funds in excess of 20 billion dirhams, through concessional loans and development grants. Some 40 African countries benefited from these funds. In strategic sectors to contribute to the advancement of economic development, where he invested in 8 companies, in addition to two investment portfolios to support various sectors in the African continent.
