ADFD funds $10 million MSME development project in Colombia

SourceGulf Today
SectorFinancial Markets

Participants of the virtual ceremony organised by APC-Colombia to launch new project in Colombia. The Abu Dhabi Fund for Development (ADFD), took part in a virtual ceremony organised by the Colombian Presidential Agency of International Cooperation (APC-Colombia), to launch a project to support Micro, Small and Medium Enterprises (MSMEs) in Colombia. The Dhs37 million ($10 million) programme will be funded from a grant of Dhs165 million ($45 million) extended by the UAE government to Colombia. The project includes both financial and non-financial support, the latter comprising technical assistance, capacity building, drawing action plans for the individual entities, as well as connecting suppliers, producers and consumers through a common digital platform.

The ceremony was attended by Khalifa Al Qubaisi, Deputy Director-General of ADFD; Jose Manuel, Minister of Trade, Industry and Tourism in Colombia; Salem Rashid Al Owais, UAE Ambassador to Colombia; Jaime Amin, Colombian Ambassador to the UAE; as well as other officials representing the two sides. The project, more...