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ABU DHABI, 28th May, 2023 (WAM) -- Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the UAE, last week signed a Memorandum of Understanding (MoU) with Paraguay’s Development Finance Agency (Agencia Financiera de Desarrollo, AFD), establishing a strategic partnership between the two parties.

The signing was witnessed by José Agüero Avila, Ambassador of Paraguay to the UAE.

EDB and AFD will harness their respective resource advantages and professional expertise, to build a long-term, effective, and mutually beneficial...

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