ADFD approves new financing requests

ABU DHABI / WAM

HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, on Wednesday chaired board meeting of Abu Dhabi Fund for Development (ADFD) 
on the Presidential Affairs ministry’s premises.
The meeting addressed the status of the projects being funded by the ADFD in several countries along with future plans. A number of funding requests involving developmental projects overseas has been approved in line with the fund’s budget and action plan.
“The fund is pursuing the same approach pioneered by late Sheikh Zayed bin Sultan Al Nahyan to finance the sustainable development drive in a number of developing countries and ensure decent life for their peoples,” said Sheikh Mansour, who is also the ADFD Chairman.
Since its establishment, ADFD provided AED83 billion in funds and investme-nts, from which 88 countries from benefited.
Sheikh Mansour underlined the ADFD’s keenness to continue to finance and carry out developmental projects that significantly contribute to meeting the socio-economic needs of sisterly and friendly countries.

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