foreign aid policy of uae

Introduction

Foreign Aid is a government policy that provides financial assistance to developing countries in order to promote economic development and social welfare. While the specific definition of who qualifies for aid varies from country to country, most foreign aid programs target low-income populations, small businesses, and education initiatives.

The UAE has been a global leader in foreign aid since its inception and continues to play an important role both regionally and globally. The country's rich heritage as a crossroads for trade and culture has led it to champion many humanitarian causes, including disaster relief, development assistance, climate change mitigation, and fighting malaria.

Key Features Of UAE’s Foreign Aid Policy

• Effective international assistance that reflects UAE ideals and improves the UAE's image. The UAE is dedicated to assisting individuals and communities in need, supporting peace, tolerance, and stability, and fostering shared prosperity among all nations. As a result, the country will contribute positively to the world community.
• To improve the impact of foreign aid policy, technical cooperation is needed. The UAE government and people have amassed a plethora of information and skills in the process of creating the country, which could be useful to other developing countries looking to expand and prosper. This technical know-how could be just as valuable as the UAE's financial aid.
• Active participation in international organizations' activities. The UAE is a member of a number of international organizations, both global and regional, working on problems such as stability and peace, economic growth, public health, bio-saline agriculture, sustainable sources, and humanitarian catastrophe response.
• International activities and events in the United Arab Emirates. The United Arab Emirates is in a unique position as a global centre for bringing people and countries together to discuss topics, learn from one another, and collaborate on global issues. All of the UAE's foreign initiatives and events having a direct aid component, like the International Renewable Energy Agency, the World Government Summit, the World Humanitarian Forum, and Expo 2020, are extremely professionally organised.

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Historical Significance Of UAE Foreign Aid Policy

• The United Arab Emirates is on the frontline of efforts to alleviate poverty and support people in need, particularly the most vulnerable. The UAE remains one of the world's major suppliers of official development aid (ODA) in terms of public revenue, according to the Organization for Economic Cooperation and Development (OECD).
• The UAE helped 147 countries with $5.26 billion in aid. During 2016 and 2018, Asia, Africa, and Europe were the top three recipients of UAE aid on average.
• In addition to emergency and other humanitarian support, the UAE provides development assistance. The UAE Foreign Assistance Policy is the country's long-term development cooperation plan that was established in 2016, and its main focus is on decreasing poverty and promoting world peace and prosperity. The UAE is committed to assisting its partner countries in developing their economies.
• The Red Crescent Authority is the UAE's major aid and relief agency, in addition to government support (RCA).
• Furthermore, the country contributes significantly to multilateral institutions. UNICEF, UNDP, and the Office of the UN High Commissioner for Refugees are among the UN development aid that Dubai supports.

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Countries That Have Benefitted From UAE’s Foreign Aid Policy

1. Yemen

Yemen has been a major beneficiary of UAE aid since 2011. Through the UN and other organizations, the UAE has donated more than $5 billion in relief to Yemen's people since 2015. The UAE provided 60,000 COVID-19 vaccination doses to Yemen in anticipation of the COVID-19 outbreak.

2. Egypt

Since 2015, the UAE has given Egypt nearly $10 billion in aid, with $1.28 billion going to Egypt this year alone. In 2019, the Abu Dhabi Fund for Development received nearly all of the UAE's foreign aid to Egypt, accounting for nearly 95 per cent of the total (ADFD).

3. Jordan

In 2019, the UAE gave Jordan $500.2 million in foreign aid, with the Abu Dhabi Fund for Development providing the majority of it (ADFD).In 2019, the UAE's foreign aid to Jordan was mostly used to pay the country's general budget, as well as a $333 million deposit in Jordan's Central Bank to improve monetary stability and replace the general budget deficit.

4. Afghanistan

Since the 1970s, the United Arab Emirates has made a considerable financial commitment to Afghanistan. Over $680 million in development and humanitarian aid has been given by UAE donor organizations.

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Conclusion

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