Doha: Qatar Fund for Development (QFFD) has signed a loan and grant agreement with the Ministry of Economy and Finance of Mali, providing $50m in support for the country’s pressing budget deficit.
In a press release issued yesterday, QFFD stated that this vital financial support aims to support Mali in the supply of essential public services, namely in the areas of health, education and food security, to improve well-being of its people.
The signing ceremony was attended by Minister of State for Foreign Affairs H E Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi, and Minister of Foreign Affairs and International Cooperation of Mali H E Abdoulaye Diop reflecting the high-level commitment of both nations to strengthening bilateral ties.
The agreement was signed by Director General of QFFD, Fahad bin Hamad Al Sulaiti, and Minister of Economy and Finance of Mali H E Alousseni Sanou.
Al Sulaiti stated: “Qatar Fund for Development remains committed to helping nations overcome economic challenges and foster long-term growth. This agreement reaffirms the State of Qatar’s dedication to promoting financial stability and sustainable development in developing countries.”
Alousseni Sanou has reassured QFFD that the Government of Mali will spare no effort to ensure the proper use of the funds allocated in accordance with the commitments of both parties set out in the agreement.
He warmly thanked QFFD for all its efforts in preparing and materialising this financing.
