Abu Dhabi, 4 June 2024 – Abu Dhabi Fund for Development (ADFD) and the Asian Infrastructure Investment Bank (AIIB) held a knowledge exchange workshop at the Fund's headquarters in Abu Dhabi. This workshop, which focused on climate action, brought together experts from both institutions to discuss critical themes including climate finance, climate assessment for development projects, climate transition, and emerging trends in the field.
A series of interactive presentations were delivered with the participants sharing experiences and practices derived from their strategies, policies, and investment operations. The sessions highlighted shared best practices; lessons learned; innovative approaches in climate financing and project development; ways to strengthen the partnership between ADFD and AIIB, explore new areas of collaboration, and enhance the capacity in project preparation, implementation, and monitoring.
His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, said, 'Through strategic collaboration with esteemed partners like AIIB, we are actively contributing to the UAE's vision of fostering innovation, prosperity, and sustainable growth. Today's workshop is part of our effort to optimize our collaboration to scale up climate action through green projects and achieve common objectives. Exchanging knowledge and experience allows us to make our sustainable development initiatives more efficient and impactful.'
Mr. Yuanjiang Sun, Acting Head of Office of the Operational Hub at the Asian Infrastructure Investment Bank (AIIB), stressed that knowledge-sharing and collaborative efforts are essential for driving impactful climate action. 'By combining our collective strengths and expertise, we can better address the complexities of climate-related infrastructure projects in partner countries. This knowledge exchange is crucial for AIIB and ADFD to develop innovative solutions and improve project efficiency,' he said.
The workshop highlighted the alignment between the two institutions, built on complementary financing instruments and their focus on infrastructure including transport, energy, water, urban development, health, and social infrastructure.
In addition to climate action, the workshop explored innovative financial mechanisms and collaborative frameworks to enhance project effectiveness and sustainability. This knowledge exchange session marked a step forward in the partnership between ADFD and AIIB, underscoring their shared commitment to advancing climate action and sustainable development.