Monday 13, November 2017 by Jessica Combes

Abu Dhabi Fund for Development allots $45 million grant to Colombia

 

Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has extended an Abu Dhabi government grant worth $45 million (AED165 million) to Colombia.

Aimed at underpinning social development, the grant will assist in establishing a network of education and health centres, in addition to launching a programme to support small and medium enterprises (SMEs).

HE Mohammed Saif Al Suwaidi, Director General of ADFD, and HE Sergio Londoño Zurek, Director General of the Presidential Agency for International Cooperation of Colombia (APC-Colombia), signed a memorandum of understanding (MoU) outlining the terms of the funding at ADFD’s headquarters in Abu Dhabi. Senior management and representatives of the two entities were present at the signing.

“ADFD is proud to facilitate this latest development grant that is a clear example of the Abu Dhabi government’s keenness in strengthening bilateral relations and enhancing cooperation with countries on the South American continent, particularly Colombia. Divided among several provinces, the funding seeks to provide the best education and health services to the segments of society that need them most. In line with the Colombian government’s development goals, the grant will help elevate standards of living across the country and achieve lasting socio-economic growth,” said Al Suwaidi.

Zurek praised the UAE government’s tireless efforts to boost the prosperity of developing nations through sustainable and impactful development funding. In addition, he expressed his sincere gratitude to ADFD for supporting Colombia in the pursuit of its national growth objectives in the post-conflict era.

Since its inception in 1971, ADFD has continued to expand its geographic reach to developing countries across all regions. Most recently ADFD has financed development projects in Argentina, Cuba, and Ecuador as well as funded renewable energy ventures in the Caribbean Small Island Developing States.