On February 12, President Sadyr Japarov of the Kyrgyz Republic engaged in discussions with the Director General of the Abu Dhabi Fund for Development (ADFD), Mohammed Saif Al Suwaidi, on the sidelines of the World Government Summit in Dubai, the presidential press service reported. The meeting focused on enhancing cooperation between the Kyrgyz Republic and the ADFD in various sectors including infrastructure, investments, and social projects.
The conversation highlighted the mutual interest of both parties in further strengthening their collaboration. President Japarov expressed satisfaction with the ongoing interaction between Kyrgyzstan and the ADFD, emphasizing the importance of promptly initiating projects financed by the Joint Holding Company, which was established following negotiations between the leaders of both nations.
In response, Mohammed Saif Al Suwaidi expressed gratitude for the support extended to the ADFD's initiatives and affirmed the organization's commitment to realizing the agreed-upon plans. He underscored the significant potential for mutually beneficial cooperation between Kyrgyzstan and the ADFD, extending beyond the current agreements.
The meeting concluded with President Japarov expressing contentment with the progress made and proposing an expansion of bilateral cooperation to address issues of mutual interest.
About Abu Dhabi Fund for Development
The Abu Dhabi Fund for Development, established on July 15, 1971, operates as an autonomous national entity under the Abu Dhabi government. The ADFD's core mission is to assist developing countries in achieving sustainable socio-economic growth through various financial instruments such as concessionary loans, government grants management, and equity management. Additionally, the ADFD actively pursues investments to encourage private sector participation in recipient countries, thus contributing to accelerated economic development.
With a vision to serve as a model institution in providing development assistance to alleviate global poverty, the ADFD strives to help developing nations achieve sustainable economic growth and poverty reduction. The organization achieves this by providing financial resources, fostering partnerships across public and private sectors, and adhering to international best practices to ensure the effectiveness of aid.
The World Government Summit, held annually in Dubai, serves as a platform for leaders from various sectors to discuss and address key challenges facing governments worldwide, with a focus on innovation, technology, and sustainable development.
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