ADFD aims to improve living standards within communities of the developing world by providing a range of financial facilities for building and launching vital projects of development in various sectors such as Land investment, Livestock & Fisheries, Water & Electricity, Housing, Transportation & Storage, Industry & Mining, Social & Health Services, Tourism & Hotels, Telecommunications, Studies & Technical Aids.
ADFD launches and manages development initiatives in all developing countries that suffer from challenges in the field of social and economic development. The fund also aims to contribute to poverty reduction and energizing the process of sustainable development in a balanced manner around the world.
ADFD has implemented and is currently financing projects in the Middle East and North, Eastern and Central Africa, as well as South, Central and Northern Asia.
ADFD is a non-profit entity that aims to create better living conditions within developing countries, throughout supporting programs that help them prosper and contribute within the global economy. In this regard, the Fund provides soft loans that are closer to grants according to the highest international standards; low-interest fees are solicited to contribute to cover the administrative charges of the Fund's activities.
ADFD focuses its activities outside the UAE as it is a developmental institution established to provide external support and development assistance to poor communities, while other institutions are mandated to support the socio economic growth within the United Arab Emirates.
ADFD receives applications and related documents from requiring parties, to identify projects that can be financed by ADFD. This process will enable the Fund to make a decision on the preliminary approval. A fact-finding mission would be sent to the concerned country to undertake further feasibility studies on the project.
Based on the results of the fact finding mission's studies, ADFD will also study the economic situation of the beneficiary country and the local authority's capability to implement the project, including the state's financial situation and its commitments with international funding institutions. This process will enable the Fund to take a decision on the status of the loan application and to identify actions needed for implementation. The loan then gets approval based on the report put by the assessment mission
A detailed memorandum is then prepared for the executive committee to approve the loan. After issuing the final approval, a draft agreement is sent to the beneficiary as discussions will take place before the signing ceremony.
The Fund targets the public sector projects, which are guaranteed by the beneficiary government concerned. It works with government institutions in the countries concerned and considers their needs for development initiatives and projects across regions.
ADFD is planning to increase the number of beneficiary countries from 52 to 70 by the next five years. This is aimed to be achieved by working closely with concerned parties and local entities in some targeted countries to see the types of projects which can make a difference for the local community inside.
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