ADFD to provide USD 50 million as grant aid to Maldives

Abu Dhabi Fund for Development (ADFD) on Monday signed to provide USD 50 million (MVR 771 million) as grant aid to Maldives for the year 2020.

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Minister of Foreign Affairs Abdulla Shahid (L) and ADFD Director General, Mohammed Saif Al-Suwaidi sign MOU for ADFD to provide USD 50 million as grant aid to Maldives for the year 2020. PHOTO/FOREIGN MINISTRY

Fathmath Shaahunaz

2020-03-09 13:46:20

Abu Dhabi Fund for Development (ADFD) on Monday signed to provide USD 50 million (MVR 771 million) as grant aid to Maldives for the year 2020.

The Memorandum of Understanding (MoU) signed between ADFD and Maldives marks the single largest grant aid extended by the Fund to the island nation till date.

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