The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
A Bank mission, led by Acting Vice-President for Regional Operations, Janvier Litse, visited São Tomé and Príncipe (STP) from March 28-30, 2016, for a country dialogue. The progress made by the country’s Government following an investors’ conference held in London in October 2015, as well as the preparation of the Country Strategy Paper (CSP) 2017-2021, were at the heart of discussions. The mission recognized the progress and efforts made by the Government in implementing the recommendations of the London conference.
The mission also seized the opportunity to launch two key projects considered as one of the country’s priorities. The projects included the second phase of the Food Security Project (PRIASA II) worth UA 14.7 million; and the National Planning Scheme valued at UA 2 million. The visit also coincided with the appraisal mission of the Payment System Project estimated at UA 1.5 million.
The mission visited Bank-financed projects, and called on São Tomé and Príncipe’s President, Manuel Pinto da Costa, as well as key Government officials and was also warmly welcomed by Prime Minister Patrice Trovoada. During the discussion, the Government commended the Bank for its leadership role among development partners and its continued support.
With regards to the implementation of the Bank’s next strategy 2017-2021, the mission noted the Government’s interest in the areas that fall under the AfDB’s development priorities, including renewable energy, agriculture, and development of payment systems that includes e-governance.