Qatar pledges $50m to Mali in loan, grant deal

File Source:Qatar Day

Qatar Fund for Development (QFFD) has signed a $50 million loan and grant agreement with Mali’s Ministry of Economy and Finance to help address the country’s budget deficit. The funding aims to bolster essential public services, including health, education, and food security, to improve the well-being of Mali’s citizens.

The signing ceremony, attended by Minister of State for Foreign Affairs H E Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi and Mali’s Minister of Foreign Affairs and International Cooperation H E Abdoulaye Diop, highlighted the deepening ties between the two nations. The agreement was formally signed by QFFD Director General Fahad bin Hamad Al Sulaiti and Mali’s Minister of Economy and Finance H E Alousseni Sanou.

Al Sulaiti emphasized Qatar’s commitment to global economic stability, stating, “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.”

Sanou assured QFFD that Mali’s government would ensure the proper use of the funds in line with the agreement’s commitments. Expressing his gratitude, he said, “We warmly thank QFFD for all its efforts in preparing and materializing this financing.”