Saudi Arabia signs two developmental Framework Memorandum of Understandings with Haiti and Jamaica

By Saudi Gazette, Nov. 18, 2023

The Memorandum of Understandings (MoU) were signed by Saudi Fund for Development's (SFD) CEO Sultan Al-Marshad, the Prime Minister of Haiti Ariel Henry, and the Minister of Foreign Affairs and Foreign Trade of Jamaica Kamina Johnson Smith, in the presence of Jamaica's Prime Minister Andrew Holness.

The MoU signed with the two sides aims to create opportunities for development and cooperation between SFD and the two countries.

This comes within the framework of the efforts provided by SFD to support Small Island Developing States (SIDS) around the world.

It also demonstrates the desire to confront the challenges that prevent the development in those countries.

The two MoUs confirm the importance of international cooperation and solidarity to achieve sustainable development.

It is noteworthy that SFD has been involved in CARICOM for nearly 4 decades.

SFD started its activity in some member states from the beginning of 2023, by financing approximately $670 million for the member states development of 12 projects and programs.

SFD has financed more than 800 development projects and programs worth more than $20 billion in more than 100 developing countries around the world.


Edited for clarity by CHIP editors


Posted Dec. 7, 2023