Media ININ Economy We Trust
11-05-2019 Media in \Abu Dhabi
Since its establishment, the Abu Dhabi Fund for Development has contributed to the financing of thousands of development projects that have contributed to improving the lives of societies in developing countries. The total amount of its funds and investments has reached more than 84 billion dirhams, benefiting more than 88 countries across the world.
This came during a meeting of the Abu Dhabi Fund for Development at the Emirates Diplomatic Academy, which dealt with its development role over four decades and its efforts in financing development projects in developing countries and achieving sustainable economic development inside and outside the country.
Mohammed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, said that the Fund’s meetings come as part of its keenness to introduce its role in helping developing countries meet their development challenges and support the UAE’s efforts to achieve foreign aid strategy.
He added that the Emirates Diplomatic Academy is a distinguished scientific institution where it plays a major role in preparing a group of nationals to work in the field of diplomacy and honing their skills to be ambassadors of the country abroad, pointing out that communication with the academic trainees is an important part in introducing the fund’s role and conveying a clear picture of achievements Leading national institutions outside the UAE.
He pointed out that the Fund’s development activities contributed to the UAE’s leading position as the largest foreign aid donor for five consecutive years since 2013. It also contributed to helping the international community achieve sustainable development goals and address the challenges it faces.
For his part, Bernardino Leon, Director General of the UAE Diplomatic Academy, said that the Abu Dhabi Fund for Development presented future diplomats with important information and insights that highlighted the UAE’s leadership in providing international grants and assistance. International cooperation plays a pivotal role in supporting the mission and mission of the Abu Dhabi Fund for Development The wise state is about helping developing countries achieve sustainable economic growth, and here diplomacy is important in supporting these efforts.
He added that the Emirates Diplomatic Academy is always keen to provide a comprehensive educational experience that enhances the capabilities of future UAE diplomats using advanced and diverse methods such as organizing meetings, lectures and interactive discussion sessions involving senior diplomats and policy makers. The various challenges and enhance their capabilities to represent the UAE with the highest international standards.
For her part, Fatima Mohammed Al Balushi, Media Advisor at the Abu Dhabi Fund for Development, addressed the trainees of the UAE Diplomatic Academy as the cornerstone of the Fund’s development activities, noting that the Fund adopts clear strategies and policies to achieve economic development locally and in developing countries in line with the objectives of sustainable development. Adopted by the United Nations.
Since its establishment in 1971, the Fund has contributed to the financing of thousands of development projects in developing countries, with a total value of about 81 billion dirhams, benefiting more than 88 countries in different continents of the world, pointing out that the Fund’s development efforts have not focused on a country in its own right. Deals with various countries on most continents of the world, forming important partnerships with international financial institutions to achieve its strategic objectives, promote societies and improve their living conditions.
The fund is also working to stimulate economic development in developing countries through various investment activities totaling AED 3 billion. The Fund invests in selected companies and investment portfolios that contribute effectively to sustainable economic growth and plays a key role in providing opportunities Work in the countries in which they are active.
On the role of the Fund in supporting the national economy, she pointed out that after the amendment of the law establishing the Fund, which includes expanding its activities to include economic development within the UAE, the Fund adopted a set of policies and programs in this regard, , And the financing of national private sector investments, which in the last ten years has contributed to the creation of a business volume of AED 16.5 billion in 30 countries. In addition, the Fund is currently working on launching a special program to support national exports in line with the vision of the UAE 2021 and Abu Dhabi Economic Vision 2030.
“We hope that the program will contribute to a qualitative leap in the national economy, increase the proportion of the country’s exports and enable national exports to penetrate world markets,” said Fatima Al Baloushi.
Fatima Al Baloushi responded to the questions and inquiries of the trainees, who praised the distinguished level and the great role played by the Academy and its keenness to open channels of dialogue with various national institutions
