Foreign Ministry has announced that Abu Dhabi Fund for Development (ADFD) will provide MVR 771 million (USD 50 million) to the Maldives as grant aid for the year 2020.
The ADFD made the commitment in the Memorandum of Understanding (MoU) signed between the Government of Maldives and the ADFD signed Monday in Dubai. The Minister of Foreign Affairs Abdulla Shahid signed the MoU on behalf of the Government of Maldives, and Mohammed Saif Al-Suwaidi, Director General of the ADFD signed on behalf of the Fund.
The signing of the MoU demonstrates ADFD’s commitment in supporting the development agenda of the Maldives, said the Foreign Ministry. ADFD has been an important development partner of the Maldives since late 1970s, supporting the country on key infrastructure projects. The MoU signed on Monday provides the single largest grant aid by the ADFD to the Maldives.
