UAE grants $20m to Arab Gulf Programme for Development

UAE grants $20m to Arab Gulf Programme for Development

Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, on Sunday signed an agreement detailing the UAE's capital contribution of US$20 million (AED73 million) to the Arab Gulf Programme for Development, (AGFUND).. For his part, Youssef Al Bassam thanked the UAE for their contribution, and praised ADFD's impressive 48-year track record in supporting sustainable projects and programmes across the world.. Established in 1980, AGFUND is a regional organisation that aims to tackle human development challenges across all segments of society.. Spanning all key sectors, the Fund's projects support socio-economic growth in developing countries and drive the implementation of the SDGs..