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Abu Dhabi Fund Suspends Debt Repayment for Beneficiary Countries and Companies

Abu Dhabi Fund Suspends Debt Repayment for Beneficiary Countries and Companies

Initiative to cover the period from January 1 to December 31, 2020

Abu Dhabi-UAE: 12 July, 2020 – Abu Dhabi Fund for Development (ADFD), the leading national entity that supports sustainable economic development at home and abroad,  has announced a significant initiative whereby it has decided to suspend debt service repayments during 2020 for eligible countries, as well as individual businesses, in the developing world upon request for forbearance. The sole objective behind the decision is to help them weather the economic fallout of the Covid-19 pandemic.

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