Family, health, education, environment and basic needs
The Investment Fund supports 5 societal challenges in Abu Dhabi
The Fund complements the government's role in facing social challenges.
From the source
The Community Contributions Authority (Ma'an) has identified five societal challenges, to be focused on through the Social Investment Fund, including: family, health, job opportunities, education, and basic needs, in addition to the environment, by supporting social cohesion and family, entertainment and exercise, and national identity Physical and psychological health, education and skills development, employment and job creation, poverty, unemployment and provision of housing, in addition to supporting environmental resources, climate change, cities and sustainable regions.
The authority confirmed that the fund is the official government channel in Abu Dhabi to receive contributions from the public and private sectors, and society, and invest them to address pressing social challenges that are identified in the emirate, stressing that the investment decisions taken by the fund are in line with the United Nations social development goals. As well as with the priorities of the Department of Community Development in Abu Dhabi.
She explained that the fund is the first of its kind in the region, which deals with the most pressing social challenges in Abu Dhabi, complements the role of the government in facing social challenges, and provides a tool for government agencies, as the roles entrusted to it include providing a sustainable source of financing, to address social problems, and contribute to strengthening Community participation by attracting contributions from various sources, measuring the impact of funding, feeding the environmental impact, supporting the development of small and medium enterprises, and contributing to creating new job opportunities, in addition to the availability of a platform to collect donations and contributions to address social problems.
The authority indicated its endeavor to unify societal efforts and employ the contributions received to the Social Investment Fund to finance innovative and sustainable solutions to pressing social challenges, noting that the fund has witnessed a succession of contributions.
According to its strategy for employing the contributions received to the fund, some of it is directed to achieve sustainable financial returns, to be used in facing urgent social challenges, and the rest is used to support and address urgent social challenges in Abu Dhabi.
The authority pointed to the deposit of part of the contributions in the endowment fund, to ensure the continuity of achieving returns on a permanent basis, and to provide the necessary funding when any social needs arise, while the remaining contributions are directed to support the "third sector" entities that address the challenges facing Abu Dhabi.
She emphasized that it will keep community members informed of the latest developments in the Social Investment Fund, including the projects that are adopted, and the benefits that accrue to Abu Dhabi society from them.
The "fund" is considered the first of its kind in the region, which deals with the most pressing social challenges in society.
Follow our latest local and sports news, and the latest political and economic developments via Google news