The Abu Dhabi Fund for Development (ADFD) said that the total funding and investments it has made since its inception amounted to 92 billion dirhams. He explained that the development activity that he has achieved over four and a half decades has contributed to the financing of development projects in 90 countries across the world, with a total value of about 89 billion dirhams Of which AED 46 billion was total government grants, 43 billion dirhams were total concessional loans, and the fund's investment of AED 3 billion was instrumental in stimulating economic growth and providing job opportunities for the beneficiary population.
In a report on the occasion of the 48th anniversary of its founding by the late Sheikh Zayed bin Sultan Al Nahyan on July 15, 1971, the Fund noted that the Fund contributed to the financing of thousands of development projects in developing countries in the sectors of housing, energy, industry, transport and communications. Education, health, agriculture, water and irrigation. IFAD's efforts have not been focused on a country in its own right, but have dealt with various countries on most continents. The Fund has also formed important partnerships with international financial institutions to achieve its development goals, improve communities and improve living conditions. With the Governments of States The beneficiary as an effective partner in the implementation of their plans that fall within their national agenda and contribute to the financing of vital projects that make a qualitative leap and a positive impact.
The contribution of the Fund to economic and social development in developing countries has been strong and strong over the past five years, contributing to the UAE as the world's largest international donor of ODA for 2013-2017, Development Assistance of the Organization for Economic Cooperation and Development.
Abu Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, said: "The results achieved by the Fund over the past years indicate the firmness of the approach pursued by the Fund's strategy in the field of development aid and its determination to play an active role in achieving development goals and helping the peoples of developing countries to Develop their economic and social capacities and enable them to overcome the challenges they face, as well as the Fund's efforts to support and develop the national economy.
He added: "We are committed to continuing to work and exert maximum efforts to become the UAE's leading global leader in achieving the goals of sustainable development and we will maintain our position as the world's largest donor country." Developing to serve the human being and to achieve well-being and a decent life for him.