<p>Abu Dhabi Fund for Development has suspended debt service repayments for some countries and companies for the year, the state-financed fund said on Sunday.</p>.<p>The fund provides financial assistance to companies in the United Arab Emirates and to developing countries, which has included Pakistan, Egypt, Sudan and Ethiopia.</p>.<p>Debt service repayments would be suspended for eligible countries and individual companies from January 1 until December 31, the fund said in a statement.</p>.<p>It did not say which countries or companies would benefit or what the criteria would need to be met to be eligible.</p>.<p>"At a time when the world is reeling under the effect of the pandemic ... it is imperative for us to support particularly those that need it most, especially the low-income countries," the fund's director-general Mohammed Saif al-Suwaidi said. </p>
<p>Abu Dhabi Fund for Development has suspended debt service repayments for some countries and companies for the year, the state-financed fund said on Sunday.</p>.<p>The fund provides financial assistance to companies in the United Arab Emirates and to developing countries, which has included Pakistan, Egypt, Sudan and Ethiopia.</p>.<p>Debt service repayments would be suspended for eligible countries and individual companies from January 1 until December 31, the fund said in a statement.</p>.<p>It did not say which countries or companies would benefit or what the criteria would need to be met to be eligible.</p>.<p>"At a time when the world is reeling under the effect of the pandemic ... it is imperative for us to support particularly those that need it most, especially the low-income countries," the fund's director-general Mohammed Saif al-Suwaidi said. </p>