26 Feb 2010

UAE launches US$50m fund to assists South Pacific

1:07 pm on 26 February 2010

The United Arab Emirates has launched a partnership programme with the South Pacific by setting up a 50 million US dollar fund.

The programme will be managed by the government-owned Abu Dhabi Fund for Development and offers assistance in education, social and health

care services, as well as infrastructure and energy issues.

In the area of climate change, it seeks to establish a new model for country-to-country and country-to-region cooperation to address the domestic and cross-border impacts of climate change.

The launch of the fund follows a tour of the region earlier this month of the UAE foreign minister, Sheikh Abdullah bin Zayed Al Nahyan, whose trip included stops in Tuvalu, Fiji, Solomon Islands, Papua New Guinea, Palau and Tonga.