It recorded during 2020, a value of 3.9 billion dirhams
«Finance»: 222% growth in foreign grants to the UAE during the second quarter
Data issued by the Ministry of Finance revealed a significant growth in grants provided by the UAE to foreign countries and international institutions, amounting to 222%, as it recorded during the second quarter of this year alone, 266.2 million dirhams, at the end of last June, compared to 82.7 million dirhams. during the first quarter.
According to the government financial statistics of the UAE, which includes the federal budget in addition to the budgets of the seven local governments, the total grants provided in the form of free aid during the year 2020, reached 3.97 billion dirhams.
The figures also showed a growth in financial aid during the comparison period, as it recorded in the second quarter alone an amount of 7.89 billion dirhams, compared to 6.69 billion dirhams during the first quarter of the same year, an increase of 1.2 billion dirhams, equivalent to a quarterly growth of 18%.
According to the Organization for Economic Cooperation and Development, the UAE ranks as the largest donor of humanitarian aid in the world, relative to its national income.
The main objective of the UAE’s foreign aid is based on reducing poverty, improving the lives of less fortunate communities, alleviating poverty in them, spreading stability, peace and prosperity in the region, and developing the UAE’s relations with other countries, whether those receiving aid from the UAE or other donor countries. It cooperates with it, in addition to encouraging the establishment of economic relations with developing countries, based on achieving mutual benefits.
The UAE is also seeking to establish a new approach based on providing aid, through the implementation of development projects that are in the interest of the beneficiary countries.
The state leadership has defined a clear approach based on not linking the humanitarian aid provided by the state to the political orientations of the countries that benefit from it, but rather taking into account in the first place the humanitarian aspect, which is the needs of the peoples, which made the state enjoy great respect and appreciation in all international forums.
The UAE focuses on three main areas, such as the protection and empowerment of women, transport and urban infrastructure, and technical cooperation, to enhance the effectiveness of government performance.
These issues are areas in which the UAE has strengths in terms of its development and its ability to benefit partner countries from its previous experiences.
Financial subsidies recorded in the second quarter amounted to 7.89 billion dirhams.
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