ADFD al­lots $45m grant to Colom­bia

The Gulf Today - Business - - UAE -

ABU DHABI: Abu Dhabi Fund for De­vel­op­ment (ADFD), the lead­ing na­tional en­tity for de­vel­op­ment aid, has ex­tended an Abu Dhabi gov­ern­ment grant worth $45 mil­lion (Dhs165 mil­lion) to Colom­bia.

Aimed at un­der­pin­ning so­cial de­vel­op­ment, the grant will as­sist in es­tab­lish­ing a net­work of ed­u­ca­tion and health cen­tres, in ad­di­tion to launch­ing a pro­gramme to sup­port small and medium en­ter­prises (SMES).

Mo­hammed Saif Al Suwaidi, Di­rec­tor Gen­eral of ADFD, and Ser­gio Lon­doño Zurek, Di­rec­tor Gen­eral of the Pres­i­den­tial Agency for In­ter­na­tional Co­op­er­a­tion of Colom­bia (Apc-colom­bia), signed a mem­o­ran­dum of un­der­stand­ing (MOU) out­lin­ing the terms of the fund­ing at ADFD’S head­quar­ters in Abu Dhabi. Se­nior man­age­ment and rep­re­sen­ta­tives of the two en­ti­ties were present at the sign­ing.

Speak­ing on the oc­ca­sion, Mo­hammed Saif Al Suwaidi said: “ADFD is proud to fa­cil­i­tate this lat­est de­vel­op­ment grant that is a clear ex­am­ple of the Abu Dhabi gov­ern­ment’s keen­ness in strength­en­ing bi­lat­eral re­la­tions and en­hanc­ing co­op­er­a­tion with coun­tries on the South Amer­i­can con­ti­nent, par­tic­u­larly Colom­bia.”

He added: “Di­vided among sev­eral prov­inces, the fund­ing seeks to pro­vide the best ed­u­ca­tion and health ser­vices to the seg­ments of so­ci­ety that need them most. In line with the Colom­bian gov­ern­ment’s de­vel­op­ment goals, the grant will help el­e­vate stan­dards of liv­ing across the coun­try and achieve last­ing so­cio-eco­nomic growth.”

For his part, Ser­gio Lon­doño Zurek praised the UAE gov­ern­ment’s tire­less ef­forts to boost the pros­per­ity of de­vel­op­ing na­tions through sus­tain­able and im­pact­ful de­vel­op­ment fund­ing. In ad­di­tion, he ex­pressed his sin­cere grat­i­tude to ADFD for sup­port­ing Colom­bia in the pur­suit of its na­tional growth OB­JEC­TIVES In THE post-conlict ERA.

Since its in­cep­tion in 1971, ADFD has con­tin­ued to ex­pand its ge­o­graphic reach to de­vel­op­ing coun­tries across all re­gions. Most re­cently ADFD HAS INANCED de­vel­op­ment projects in Ar­gentina, Cuba, and Ecuador as well as funded re­new­able en­ergy ven­tures in the Caribbean Small Is­land De­vel­op­ing States.

Of­fi­cials sign­ing the agree­ment.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.