Mohammed Saif Al Suwaidi, director general of the Abu Dhabi Fund for Development (ADFD
), met with a high level delegation from the Republic of Guinea-Bissau led by its prime minister, Aristides Gomez, to discuss various opportunities for collaboration.
He added, "ADFD
is keen to support development efforts and expand its activities in developing countries, especially in Africa.
Mohammed Saif Al Suwaidi, director general of ADFD
, the leading national entity for international development aid, welcomed a high level delegation from Guinea-Bissau led by Aristides Gomez, its Prime Minister.
In a report marking its 48 th anniversary, ADFD
announced that it has allocated about Dh92bn in development funding and investments to 90 beneficiary countries.
Along with its core operations, ADFD
has fostered innovative partnerships with the private sector and international funding institutions to help consolidate the UAE's prominent status among global foreign aid providers.
Mohammed Saif Al-Suwaidi, director-general of ADFD
, said: "ADFD
is proud to have partnered with the Cuban government and IRENA in completing this crucial 10 MW solar PV project.
approved funding for the project during the second cycle of the Irena-ADFD Project Facility, as part of an initiative it launched in 2013 with a commitment of $350m (AED1.3bn) over seven funding cycles to support renewable energy projects in Irena-member developing countries.
Abu Dhabi: Abu Dhabi Fund for Development (ADFD
) on Monday said it has facilitated business deals worth Dh16.5 billion for UAE companies over the last 10 years to implement its projects in developing countries.
Pakistan had already received the first tranche of $1bn in January as part of the agreement with ADFD
The agreement for the placement of the second tranche of $2 billion by ADFD
with the SBP has been signed.
on Tuesday had formalized an amount of US$3 billion (AED11 billion) to SBP with an aim to support Pakistan's economic growth and to achieve the long-term objectives of its monetary policy.