AfDB Executive Directors Field Trip-Objective to get first-hand information on Bank Funded projects
Tunis, 15 February 2007 – A team of African Development Bank Executive Directors have begun a field trip to asses the performance of projects and programmes funded by the Bank Group in some of its Regional Member Countries (RMC. The tour, which will end on 27 February, involves 9 executive directors. They will visit Bank-funded projects and confer with the beneficiaries, top government officials, development partners, private sector operators as well as the civil society to get a sense of the impact of the projects on the people of Seychelles, Mauritius, and the Comoros.
The filed trip falls within the framework of efforts deployed by the Bank Group’s management to ensure development effective of its interventions on the ground with a view to improving the quality of services it renders to its shareholders and clients. During the tour, the executive directors will also evaluate the capacity of the RMC’S to absorb funding approved by the Bank Group.
The executive directors participating in the field trip are Messrs Oumar Bougara (representing Algeria Guinea-Bissau, and Madagascar); Richard Dewdney (U.K, Germany, The Netherlands, Germany and Portugal); Francois Arsenault (Canada, Korea, China, Spain and Kuwait); Ahmed Tabib; (Libya, Mauritania and Somalia); Alexandre Fontes (Cape Verde, Senegal, Benin, Comoros, Gabon, Chad, Mali, Niger and Burkina Faso); Philippe Dacoury-Tabley (Cote d’Ivoire, Equatorial Guinea, and Guinea); Hassan Khedr (Egypt and Djibouti), and Peter Sinon (Alternate ED representing Rwanda, Seychelles, Ethiopia, Uganda, Tanzania, Eritrea and Kenya).
The African Development Bank (AfDB) is a regional multilateral development finance institution established in 1964 to mobilize resources for the economic development and social progress of its Regional Member Countries (RMCs). It is headquartered in Abidjan (Côte d’Ivoire), but currently operates from its Temporary Relocation Agency (TRA) in Tunis because of the political situation in Cote d’Ivoire).
The Bank Group’s operations in the Seychelles commenced in 1978. To date, the total funding approved by the Bank for the country amounts to nearly US$ 100 million (571 million Seychelles rupees in 21 operations.
The Bank Group began its operations in Mauritius in 1975 and has since then committed US$174 million (5.8 billion Mauritius rupees) in 35 operations.
With regards to the Comoros, the Bank Group began its operations in the country in 1977. The Banks cumulative approvals for the country stand at US$ 60 million (nearly 23 billion Comorian francs) in 12 operations.