Saudi Fund for Development

The Saudi Fund for Development (SFD) is a Saudi government agency that channels bilateral aid to developing countries, predominantly through grants and soft loans. Established by royal decree in 1974, the fund began operations in 1975. Loans often support infrastructure development, such as road and dam construction, construction or rehabilitation of hospitals and health clinics, and the expansion of water and sanitation services; they also support work in education, housing and urban development, the energy sector, and education. Since 1999 SFD has also offered export credit and insurance for non-crude-oil national exports to encourage domestic economic diversification and contribute to development within receiving countries. (Products could include irrigation equipment or fertilizer, for instance.)

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Saudi Fund for Development