- Mohamed Saif Al Suwaidi reiterates the Fund’s commitment to supporting Ethiopia’s developmental efforts
- Suleiman Dedefo highlights ADFD’s contributions to Ethiopia’s sustainable development
Abu Dhabi: His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, received today at the Fund’s headquarters His Excellency Suleiman Dedefo, Ambassador of Ethiopia to UAE. Senior officials from both sides were present at the meeting.
The two sides discussed bilateral relations and means of developing them, especially through the Fund’s support to the Ethiopian government to achieve sustainable development goals by financing development and investment projects.
HE 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.
HE 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.
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.
About Abu Dhabi Fund for Development (ADFD):
Abu Dhabi Fund for Development (ADFD) is a leading national entity for economic development aid owned by the Abu Dhabi government. Established in 1971, it aims to help emerging countries by providing concessionary loans to finance sustainable development projects as well as administering long-term investments and direct contributions. In addition to managing development grants offered by the Abu Dhabi government, ADFD has adopted a policy of supporting the national economy and financing UAE private sector investments. Since its inception, ADFD has marked developmental milestones in 97 developing countries. Spanning the last 49 years, the Fund’s development projects and investments, valued at AED104 billion, have helped the international community achieve sustainable economic growth as well as drive the implementation of the United Nations’ Sustainable Development Goals (SDGs).