HH Sheikh Mansour bin Zayed Al Nahyan Chairs Board Meeting of ADFD
Abu Dhbai,26 Dec 2018
His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of Abu Dhabi Fund for Development’s (ADFD) Board of Directors, today chaired a board meeting of ADFD, the leading national entity for international development aid.
Held at the Ministry of Presidential Affairs in Abu Dhabi, the board meeting drew the participation of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Deputy Chairman of ADFD, board members, and His Excellency Mohammad Saif Al Suwaidi, Director General of ADFD.
The board of directors reviewed several funding requests for developmental projects in various developing countries and took decisions based on the viability of the projects, as well as the Fund’s budget and plans. The meeting also tabled important topics including reviewing the stages of completion of funded projects and defining future plans.
His Highness Sheikh Mansour bin Zayed Al Nahyan stressed that since its establishment by the founding father of the UAE, late Sheikh Zayed bin Sultan Al Nahyan, ADFD has continued to follow his approach in supporting the international community in achieving economic and social development in developing countries through financing projects that positively impact many lives.
The Deputy Prime Minister reiterated that the Fund’s accomplishments are the result of the support of the wise leadership of the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
Speaking on the occasion, His Excellency Mohammad Saif Al Suwaidi, said: “ADFD is keen to help developing countries through financing and implementing development projects that benefit socio-economic sectors and contribute to supporting fraternal and friendly countries in achieving their development priorities.”
He added: “The continued counsel of ADFD’s Chairman and the support of its proactive board members has enabled ADFD to excel and mark successful milestones in its development efforts. Stemming from the keenness of the UAE leadership to bolster development assistance around the globe, we are proud of our achievements, and look forward to expanding our international footprint and the scope of our efforts in the years to come.”
He noted that the Fund is working on implementing the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan and actively contributing to strengthening the national economy through supporting the objectives of the UAE Vision 2021 and the Abu Dhabi Economic Vision 2030.
Since its inception in 1971, ADFD has financed development projects to the tune of about AED83 billion in 88 countries around the world through concessionary loans and Abu Dhabi government grants.