Press Releases

10/12/2012 - The African Development Bank Group (AfDB) is pleased to announce the 3rd call for proposals of the Migration and Development Fund (MDF). Award amounts will range from 350,000 EUR to 500,000 EUR per project.

Categories: Benin, Burkina Faso, Côte d’Ivoire, Cape Verde, Guinea-Bissau, Mali, Niger, Senegal, Togo, Gambia, Ghana, Guinea, Liberia, Sierra Leone, Migration and Development Initiative

19/04/2012 - The African Development Bank Group and the World Bank Group join the African Union and the Economic Community of West African States (ECOWAS) in condemning the military coup in Guinea-Bissau, urging a speedy resolution of the crisis, and calling for the restoration of constitutional government to preserve the development gains of the country and its people.

Categories: Guinea-Bissau

27/01/2011 - The Boards of Directors of the African Development Bank (AfDB) Group, on 26 January 2011, agreed that Guinea-Bissau had met the conditions and requirements to qualify for debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative.

Categories: Guinea-Bissau

25/03/2010 - The Board of Directors of the African Development Bank Group in Tunis approved a USD 8.7 million grant for Guinea Bissau, comprising USD 6.1 million from the Fragile States Facility and USD 2.6 million from the African Development Fund. The grant will help the country reduce its budget deficit and mitigate the shocks from the global economic crisis and its own difficult political situation. It will also help strengthen the budgetary reform begun in 2007, and will make budgetary operations more credible and transparent. The government will also be able to pursue its economic programme and other significant institutional reforms.

Categories: Guinea-Bissau, Fragile States Facility