October 17

UAE Allocates $200 Million to Support Growth for Low-Income Countries

By Jessica Morgan

The UAE has announced it will allocate $200 million in funding to support growth for low-income countries.

The funding will go towards the Poverty Reduction and Growth Trust, which addresses the challenges facing low-income countries that face high inflationfood insecurity, increasing risk of debt and high borrowing costs.

The aim is to reduce poverty levels across the globe, as part of the UAE’s commitment to support the UN’s Sustainable Development Goal of enduring a better and more sustainable future.

Photo courtesy of Zoriah.

Source: The National (link opens in a new window)

food security, poverty alleviation, SDGs