Qatar Development Fund to supply $88.5 million to Darfur programs

The Qatar Development Fund will supply $88.5 million to Darfur programs.
The Qatar Development Fund will supply $88.5 million to Darfur programs. -
0Comments

The United Nations said this week that the Qatar Development Fund has agreed to support Foundational and Short Term (FaST) activities in areas of Darfur supported by the United Nations Fund for Recovery, Reconstruction and Development.

A total of $88.5 million will be supplied by Qatar, which is approximately half of the $177.4 million needed to fund the entire FaST program. The program is set to have three areas of focus on the establishment of governance, justice and reconciliation; economic recovery efforts; and reconstruction.

Within the first arena, the program aims to mitigate and prevent conflict as a result of land, arms proliferation, natural resources and other issues. Reconstruction will focus on the areas of the region that have been affected by war. This will include restoration of basic services such as education, health care facilities, water and policing and infrastructure.

Economic recovery efforts will aim to reduce poverty and to stabilize food sources and bolster food security through supporting agriculture and livestock management development. This would also consist of making financial services available to entrepreneurs and smaller businesses.

The FaST activities are a part of the greater Darfur Development Strategy in order to facilitate peaceful interaction between the five states in the region.



Related

Hana Al Rostamani Chief Executive Officer First Abu Dhabi Bank (FAB)

FAB hosts inaugural Young Talent AI Circle to advance practical AI adoption

First Abu Dhabi Bank held its first Young Talent AI Circle on June 9 in Abu Dhabi. The event brought together emerging talent with leaders to identify practical ways of using artificial intelligence within the organisation.

Hana Al Rostamani Chief Executive Officer First Abu Dhabi Bank (FAB)

First Abu Dhabi Bank partners with Water.org and WaterEquity to support water security

First Abu Dhabi Bank has partnered with Water.org and WaterEquity by investing in an impact fund supporting global water security efforts. The bank becomes the first commercial institution in MENA region making such an investment as part of its sustainability agenda.

HE Khalid Al Rumaihi Chairman Aluminium Bahrain (Alba)

Alba to acquire Aluminium Dunkerque for USD 2.2 billion in major industrial deal

Aluminium Bahrain (Alba) has agreed to acquire France’s largest aluminium smelter for USD 2.2 billion following an MoU signed with Bpifrance during the Choose France Summit. The deal includes significant investment by Bpifrance as minority shareholder.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Gulf News Journal.