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Abu Dhabi Fund for Development (ADFD) was established on July 15, 1971, as a leading national entity to provide development aid to developing countries in the form of concessionary loans and administering grants on behalf of the Abu Dhabi government. The aim is to finance development projects in order to support efforts to achieve economic and social development in developing countries. ADFD also makes investments in order to encourage the private sector in the recipient countries to play an essential role in accelerating the economic development process.