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Manila 15 Shaaban 1444 AH corresponding to 07 March 2023 AD
The CEO of the Saudi Fund for Development, Sultan bin Abdulrahman Al-Murshed, met in the capital, Manila, with the President of the Asian Development Bank, Masatsugo Asakawa, to discuss development cooperation frameworks between the two parties.
During the meeting, they reviewed development projects funded by the Fund in developing countries in the Asian continent and around the world, which in turn contribute to achieving sustainable development in countries benefiting from development support.
The program for exchanging experiences and knowledge between the two sides was also discussed, which aims to enhance cooperation in the development field through the exchange of experiences and knowledge and the development of the latest tools and means to contribute to achieving sustainable development.
The CEO of the Fund stressed the importance of partnership between donors and the need for effective coordination and unification of efforts to maximize the developmental impact on the beneficiaries of development projects, especially in light of the crises facing the world.
The meeting included an introductory tour for the fund delegation at the Asian Development Bank headquarters, during which members of the delegation met with bank officials, to learn about the work mechanism used, and to discuss possible aspects of cooperation and partnership between the two parties.
It is noteworthy that, since 1975, the Saudi Fund for Development has provided funding for 265 projects and programs in Asia, with a value exceeding $7.3 billion, benefiting 30 countries. These projects included various sectors, including education, health, water, housing, energy, agriculture, and others.
