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fundsMedia In – Abu Dhabi 23 May 2018 / WAM /
Abu Dhabi Fund for Development (ADFD) financed 11 development projects with a total value of AED 1.4 billion, benefiting 9 developing countries. The Fund approved four loans worth more than 646 million dirhams, benefiting from Egypt, Antigua and Barbuda and the Maldives. Worth 754 million dirhams benefited from Colombia, Yemen, the Comoros, Eritrea, Somalia, Palestine and the Maldives.
The total cumulative fund and investments by the end of 2017 increased to AED 83 billion, an increase of AED 3 billion over 2016. The number of beneficiary countries increased from 83 countries to 88 countries by the end of 2017.
HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of the Abu Dhabi Fund for Development, said in his annual report that the policy pursued by the UAE and its interest in global development issues is based on consistent principles. The international community to achieve sustainable development in developing countries and to provide the decent living conditions of their peoples.
HH the Emir stressed that the UAE has been the initiator of projects aiming to achieve economic and social development in more than 140 countries in different continents. Our leadership considers developmental assistance as a great asset established by the late founding father Sheikh Zayed bin Sultan Al Nahyan – God bless him – in the hearts of his sons and his people.
He added that these fixed trends have been carried out by the Abu Dhabi Fund for Development since it began its development activities in 1971 to help developing countries achieve their aspirations and development plans, develop their capabilities and improve the standard of living of their peoples.
