Saudi Fund for Development Signs First $100 Million Development Loan Agreement to Establish a Climate Smart Infrastructure Project in Grenada
SFD CEO, H.E. Sultan Al-Marshad, and Minister of Finance of Grenada, Hon. Dennis Cornwall, signed the first development loan agreement between SFD and Grenada (Photo: AETOSWire)
In addition, the project will support the realization of the United Nations’ Sustainable Development Goals (SDGs), specifically SDG 11, Sustainable Cities and Communities, and SDG 13, Climate Action.
The funded project in climate-smart infrastructure will support the health and well-being of the local population, and will help provide direct and indirect job opportunities, which will contribute towards the country’s socio-economic growth. The project also reflects the importance that SFD places on mitigating climate change through smart and environmentally-friendly projects.
The agreement signed today is part of SFD’s efforts to support environmental sustainability and development in Grenada, developing countries and Small Island Developing States (SIDS) around the world. Since its establishment 1974, SFD has implemented more than 700 development projects and programs in over 90 countries around the world.
This agreement marks a major milestone, and a significant expansion of SFD’s work in the Caribbean region. It also reaffirms the importance of international cooperation and solidarity to achieve the SDGs and foster social and economic growth, particularly in SIDs.
*Source: AETOSWire
View source version on businesswire.com: https://www.businesswire.com/news/home/20231017612392/en/
Website: https://www.sfd.gov.sa/en/
Contact
The Saudi Fund for Development
Nawaf Alojrush
Media Relations Director
alojrush@sep.gov.sa
This news is a press release provided by The Saudi Fund for Development.
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2024년 10월 18일 14:30