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Abu Dhabi:- His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD) and Chairman of the Export Executive Committee of the Abu Dhabi Export Office (ADEX), met with His Excellency Arnoldo Andre Tinoco, Minister of Foreign Affairs for Costa Rican Affairs, to discuss ways to strengthen the relationship between the UAE and Costa Rica Relationships in various fields.
The meeting was part of the World Government Summit, where the two sides highlighted the importance of cooperation on climate issues, given that the UAE hosts the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in November.
HE Al Suwaidi underscored ADFD’s desire to expand cooperation with Costa Rica in the development and economic fields, while emphasizing the Fund’s role in supporting developing countries in their efforts to realize their economic ambitions. He also highlighted the Abu Dhabi Export Office’s contribution to boosting the national economy and supporting the UAE’s export sector.
HE Tinoco expressed his gratitude to the UAE and ADFD for their efforts to support global economic and development initiatives, thereby contributing to the economic growth of different countries and improving the quality of life in their communities. He also said that Costa Rica is looking forward to strengthening its relationship with the UAE and exploring development and investment opportunities through cooperation with the fund, utilizing the competitive financing solutions offered by ADEX to support the national economy and achieve mutual benefits for both countries.
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About Abu Dhabi Fund for Development (ADFD)
Abu Dhabi Fund for Development (ADFD) is the leading state entity for economic development assistance owned by the Government of Abu Dhabi. It was established in 1971 to help emerging countries by providing concessional loans to finance sustainable development projects and managing long-term investments and direct donations. In addition to managing development grants provided by the Abu Dhabi government, ADFD has adopted policies to support the national economy and finance private sector investment in the UAE. Since its inception, ADFD has set development milestones in 103 developing countries. With a total value of AED 150 billion in development projects and investments over the past 50 years, the Fund has helped the international community achieve sustainable economic growth and advance the implementation of the United Nations Sustainable Development Goals (SDGs).
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