Directory of Economic, Commodity and Development Organizations - table of contents

ABU DHABI FUND FOR DEVELOPMENT 


        
HEADQUARTERS

        

Tourist Area                                       Postal Add:   P.O. Box 814
Saeed Ghobash Building                             Telephone:    [971](2)725-800
Abu Dhabi                                          Facsimile:    [971](2)728-890
United Arab Emirates                               E-Mail:       opadfdmn@emirates.net.ae


     Director General:                    ...   Saeed Khalfan M. AL-ROMAITHI
     




        
LANGUAGES: Arabic, English

        
ESTABLISHMENT AND FUNCTIONS

        
The Abu Dhabi Fund for Development was established
        in 1971 as a public autonomous institution. The purpose
        of the Fund is to provide economic aid to Arab, African,
        Asian and other developing countries in support of their
        economic development. This is provided in the form of
        direct loans and grants. The Fund also participates in
        the equity capital of productive projects and
        enterprises. It also provides technical assistance in the
        form of economic development. 

        
The Fund also manages development projects financed
        directly by the Abu Dhabi Government in the form of loans
        and grants. 

        
The loans extended by the Fund are of 7 - 25 years
        maturity with grace period generally of 3 - 8 years and
        interest rates ranging from 2 - 6 per cent per annum. 

        
The paid-up capital of the Fund as at December 31,
        1999 was UAE Dh 2.1 billion (approximately US$570
        million). 

        
STRUCTURE

        
The Abu Dhabi Fund is governed by a Board
        of Directors which is responsible for
        policy-making and overall guidelines. The Executive
        Committee exercises certain powers delegated
        to it by the Board. The Director General
        of the Fund acts as the Chief Executive in charge of
        day-to-day operations. 

        
GENERAL PUBLICATIONS

        
Annual Report 

        
UPDATED:  December 2003

        
Directory of
        Economic, Commodity and Development Organizations - table
        of contents