ABU DHABI (ADFD) – Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), received Suleiman Dedefo, Ambassador of Ethiopia to UAE at the Fund’s headquarters on 2nd February. Senior officials from both sides were present at the meeting.
The two sides discussed bilateral relations and means of developing UAE and Ethiopia, especially through the Fund’s support to the Ethiopian government to achieve sustainable development goals by financing development and investment projects.
Mohamed Saif Al Suwaidi emphasized the Fund’s commitment to supporting Ethiopia in its developmental efforts, noting that the visit presented an opportunity to discuss issues of common interest. The meeting was part of the continuous coordination, particularly over the Fund’s support to the Ethiopian government to achieve its economic objectives.
Ambassador Suleiman Dedefo expressed appreciation for the UAE, as well as ADFD, for supporting his country in its effort to achieve sustainable-developmental goals and economic priorities.
He pointed out that the role the Fund played in his country’s development underscored the UAE’s invaluable contributions to the rest of the world in terms of sustainable development.
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The Abu Dhabi Fund pays special attention to developing countries, especially in the African continent, where its projects have led to economic progression and improvement in the standard of living.
The Fund has been actively contributing to Ethiopia’s socioeconomic wellbeing since 2012, when it financed two projects worth AED119.4 million (~ ETB1.28 billion).
About the Abu Dhabi Fund for Development
The Abu Dhabi Fund for Development (ADFD) is an Abu Dhabi-based foreign aid agency established by UAE’s government in 1971. ADFD’s mission, according to its official website, is to help developing countries achieve sustainable economic growth and reduce poverty. To do so, ADFD provides concessionary financial resources in the form of sovereign loans that satisfy the concessional conditions in accordance with the requirements of the Organization for Economic Co-operation and Development (OECD).