Abu Dhabi Fund for Development Hosts Workshop to Examine Development Projects in Afghanistan
Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, today hosted a workshop for Arab and regional development institutions to discuss ways of supporting the government of Afghanistan in implementing its development plans and programmes.
Alongside ADFD senior staff, the workshop included representatives from the Afghan government, Kuwait Fund for Arab Economic Development, the Saudi Fund for Development, the Islamic Development Bank, as well as the OPEC Fund for International Development.
Opening the workshop, His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD delivered the welcome speech and thanked the Arab and regional financial institutions for attending the workshop and actively participating in its various sessions. He added that such support will enable the people of Afghanistan to achieve economic and social development across all sectors.
The one-day workshop was also attended by His Excellency Dr. Mohammed Qayoumi, Chief Advisor to the President of Afghanistan, His Excellency Sultan Mohammed Al Shamsi, Assistant Minister of Foreign Affairs and International Cooperation for International Development Affairs, His Excellency Abdul-Fareed Zakaria, Ambassador of Afghanistan to the UAE and Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD, among others.
In his welcome speech, His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, reaffirmed the keenness of the UAE and its leadership to stand by the people of Afghanistan, and support them in addressing their development challenges.
He said: “ADFD works closely with the Government of Afghanistan to support various economic and social development projects that contribute to the country’s sustainable growth.”
His Excellency added: “ADFD has maintained a strong relationship with the Government of Afghanistan that dates back to 1977. During this period, the Fund has supported several key development projects that have had a significant impact on the economy of the country.”
For his part, His Excellency Dr. Mohammed Qayoumi applauded ADFD’s efforts in supporting Afghanistan in achieving its sustainable development objectives.
Qayoumi noted that ADFD was one of the first aid agencies to support development projects in Afghanistan that improved the living standards of its citizens. The Fund has emerged as a top international aid agency due to its active role in providing the much-needed support for developing countries to achieve sustainable development.
Since it started its support for development projects in Afghanistan in 1977, ADFD has allocated AED1.2 billion towards the development of 14 projects that contributed to the economic and social development of the country.
Abu Dhabi Fund for Development
Established in 15th of July 1971, Abu Dhabi Fund for Development (ADFD) is an autonomous national entity affiliated with Abu Dhabi government.
ADFD aims to help developing countries to achieve sustainable socio-economic growth; through financial assistance in the forms of concessionary loans, managing government grants and equities. ADFD also peruses investments in order to encourage the private sector in the recipient countries to play an essential part in accelerating the economic development process, and at the same time playing a pivotal role in strengthening and diversifying the future resources of the Fund.
Buy credits to publish your articles on Al Bawaba Biz here