45 years of sustainable development
Abu Dhabi,22 Feb 2017
Founded in 1971, and over the past four decades, Abu Dhabi Fund for Development (ADFD) has implemented the United Arab Emirates’ (UAE) policy to promote socio-economic growth in developing countries. The UAE, for the third year running, has been named the world’s top aid donor by a report authored by the Organisation for Economic Co-operation and Development (OECD) for the years 2014, 2015 and 2016. ADFD has played a steadfast role in making this a reality. Under the counsel and strategic guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Deputy Prime Minister, Minister of Presidential Affairs and ADFD’s Chairman of the Board of Directors, over the course of 46 years ADFD has successfully injected AED80 billion in support of 498 development projects across 83 countries.
ADFD offers long-term loans with concessional interest rates and manages grant aid on behalf of the Abu Dhabi government to support development projects in beneficiary countries. These projects cover a wide range of key sectors particularly agriculture and irrigation, electricity and water, housing, transport, industry and mining, education, renewable energy and health and social services. The Fund also pursues an investment strategy that enhances its ability to continue supporting developing countries, while achieving optimal growth through a diversified equity portfolio and liquidity management.
During 2016, ADFD continued to deliver outstanding performance in its operational activities; it underpinned, financed and managed 17 development projects with a total value of AED5.6 billion, of which AED3.9 billion were concessionary loans to four developing countries and AED1.7 billion were government grants to finance 13 projects across seven beneficiary countries.
ADFD prides itself in being the world’s partner for sustainable socio-economic growth by enjoying several key international partnerships. These signed partnership agreements enhance ADFD’s impact as a leading development agency striving to improve and alleviate living standards and deploy international best practice to ensure aid effectiveness.