2 agreements have been signed by the Abu Dhabi Fund for Development which is a United Arab Emirate-based national entity for the international profitable development aid, of value $280 million with the government of Mali.
These are inclusive of a $250 million concessionary loan for supporting the balance of payments in the country, as well as, an extra concessionary loan of $30 million for financing the implementation of phase 2 of National Social Housing Program of Mali.
Mohammed Saif Al Suwaidi, who is the Director General of Abu Dhabi Fund for Development Developed, remarked that for improving the liquidity, as well as, driving the economic growth, the balance of payments support will also help in stimulating the socio-economic development goals of the Malian government. This statement came after the loan agreement was signed with the Prime Minister of Mali, as well as, Doctor Boubou Cisse who is the Minister of Economy & Finance in a ceremony which was held at the headquarters of Abu Dhabi Fund for Development in Abu Dhabi.
The ceremony was attended by the Boukary Sidibe who is the Malian Ambassador to the United Arab Emirates, and numerous senior representatives from both sides.
Al Suwaidi stated that the United Arab Emirates & Mali have continued to benefit from strong and strategic mutual relations. Spanning more than 40 years of mutual and constructive co-operation, the long-lasting ties between Mali and Abu Dhabi Fund for Development have helped in the achievement of sustainable economic development in the West African nation.
The National Social Housing Program of Mali commands for construction of 50 thousand housing units across all the main regions and cities of the country inclusive of Gao, Bamako, Koulikoro, Kidal, and many others.
Doctor Cisse praised the brotherly relations the United Arab Emirates enjoys with Mali and pointed out that Abu Dhabi Fund for Development has been a long-term partner in driving sustainable development in his country.