ADF, Liptako-Gourma Authority Sign Grant Agreement: Improve economic integration in Western Africa
The Institutional Support Project funded by the ADF will provide ALG, a regional cooperation organization including Burkina-Faso, Mali and Niger, with an energy and rural transport plan for the Liptako-Gourma Region which by the year 2006 will lead to a regional stock watering programme, a regional electrification programme and a rural road programme.
From the economic standpoint, by building the capacity to coordinate, produce, and disseminate socio-economic information, the project will propel development. Economic information will effectively guide the investment intentions of the governments and the private sector for the best economic impact.
On the social front, the project’s implementation will mean reliable, updated and comprehensive data particularly on the most vulnerable groups, especially women. The programmes will better target this population’s needs and facilitate their integration into the development process.
While signing the grant agreement, Mr. Bisi Ogunjobi, Vice-President of the African Development Bank (ADB) Group in charge of West and Central Operations, recalled that the ADB Group has already helped finance studies and projects submitted by the ALG to the tune of FCFA 31.1 billion.
On his part, Mr. Seydou Bouda, Minister of Economy and Development of Burkina Faso and chairman of the Ministerial Council of the ALG, commended the ADB Group for its key role in financing Africa’s development. He said: "ADB has been chosen to lead the donor community in mobilizing the resources needed for implementing ALG projects and programmes."
The full text of the appraisal report is available in the bank’s website, in line with the Bank Group’s new policy on disclosure of information.