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The Qatar Fund for Development (acronym: QFFD, Arabic: صندوق قطر للتنمية) is a government entity in the State of Qatar, which is responsible for Qatar's international development and foreign aid; it was established by Law 19 of 2002. [1]
According to the Qatari Ministry of Foreign Affairs, helping countries achieve internationally agreed development goals is the main objective of the program.Additionally, poverty reduction, including through employment creation in rebuilding and infrastructure projects, improved health and education as well as better management of the environment, are the main areas of focus of Qatar's ...
Relations between the two countries were inaugurated in 1988. Qatar agreed to donate $13.8 million towards the construction of a cancer hospital in Burkina Faso in December 2017. [193] The same month, the Qatar Development Fund allocated $814,000 towards the commencement of humanitarian projects in Burkina Faso. [194] Chad
Before the emergence of petrol-based industry, Qatar was a poor pearl diving country. The exploration of oil and gas fields began in 1939. [16] [17] In 1973, oil production and revenues increased dramatically, moving Qatar out of the ranks of the world's poorest countries and providing it with one of the highest per capita incomes in the world.
Qatar, [a] officially the State of Qatar, [b] is a country in West Asia.It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it shares its sole land border with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf.
Al-Kuwari is the general manager of the Qatar Fund for Development (QVN). In April 2015, he signed an agreement with Saeb Erekat to consolidate a $100 million QVN-financed loan to the Palestinian Authority .
The QIA was founded in 2005 by the then-emir of Qatar, Hamad bin Khalifa Al Thani, to manage the oil and natural gas surpluses of the government of Qatar. [7]As a result of its stated strategy to minimize risk from Qatar's reliance on energy prices, the fund predominantly invests in international markets (United States, Europe and Asia-Pacific) and within Qatar outside the energy sector.
In March 2024, Qatar sent 23 tons of food aid to Sudan via an ongoing air bridge for humanitarian aid. [19] [20] In addition, the Qatar Fund for Development, Qatar Red Crescent Society and the Sudanese Red Crescent signed a cooperation agreement to support the recovery from losses of assets and property due to the war in Sudan. [21] [22]