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ADF, Burundi sign 4 loan and grant agreements to support socio-economic reforms, institutional modernization and good governance12-Jan-2005 - The ADB Vice-President for Central and West operations, Mr. Bisi Ogunjobi and Burundi’s Minister of Finances, Mr. Athanase Gahungu signed in Tunis four loan and grant agreements from the African Development Fund (ADF) to finance three important operations for a total amount of US$ 36 million equivalent to UA* 23 million. These three operations will focus on administrative modernization, basic infrastructure rehabilitation, protection of environment and reinforcement of capacity building.
Green light for AfDB regional office in Dakar: The AfDB will have 25 representation offices in Africa at the end of 200628-Dec-2004 - Tunis, 28 December 2004 – The Senegalese National Assembly has ratified the agreement establishing the African Development Bank (ADB) Group regional office in Dakar. The Regional office covers the activities of the ADB and the African Development Fund (ADF) in Senegal, Mauritania, The Gambia and Cape Verde.
27-Dec-2004 - 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.
20-Dec-2004 - The Board of Directors of the ADF approved in Tunis on Monday, a loan of 15.20 million Units of Account (UA*), equivalent to 23.35 million US dollars to finance the Gitarama-Ngororero-Mukamira road project.
17-Dec-2004 - Copenhagen, 17 December 2004 – The African Development Fund (ADF) Deputies met in Copenhagen, Denmark, on December 16-17, 2004, for the Tenth Replenishment of the African Development Fund. Representatives of borrowing countries (Burundi, Ethiopia, Mali and Zambia) also participated in the replenishment discussions.
14-Dec-2004 - Tunis, 14 December 2004 – The African Development Bank (ADB) Group clears 33% of Congo’s arrears and resumes its assistance to the country by supporting economic reforms programme.
14-Dec-2004 - The AfDB Vice-President for Central and West operations, Mr. Bisi Ogunjobi, and Congo Minister of Economy, Finance and Budget, Mr. Rigobert Andely, signed today in Tunis a grant agreement of US$ 51.1 million (33.3 million Units of Account or 26 billion FCFA) to finance an arrears clearance programme. Mr Ogunjobi and Mr. Andely also ratified an African Development Fund (ADF) loan agreement, to support the Policy Reform Programme, reaching US$ 10.7 million (UA 7 million).
13-Dec-2004 - The common sector goal is to improve the population’s access to electricity in Ethiopia and Djibouti through regional cooperation in the energy sector within the context of the New Partnership for Africa’s Development (NEPAD) programme. The indicator for this goal will be the electricity access in Ethiopia increased from 13% in 2003 to 20% by 2012 and electricity access in Djibouti increased from 49.5% in 2003 to 60% by 2015.
13-Dec-2004 - The Board of Directors of the ADB in Tunis on Monday approved a loan of 100 million Units of Account (UA*), equivalent to 153.60 million U S dollars (121 million Euros), in budget support to finance the Public Administration Reform Support Programme (PARAP). The goal of the programme is to promote strong economic growth and sustainable development, strengthening the competitiveness of the economy while ensuring medium-term macro-economic viability. The project hinges on the following four components:
13-Dec-2004 - The grant of 4.797 million Units of Account (US$ 7 million), which was approved today by the ADF, will support reforms that are expected to be undertaken under the Poverty Reduction Support Loan (PRSL), the budget support operation that was approved by the ADF Board of Directors in October 2004. The project will contribute to improving economic growth in Tanzania by improving the management of public finances and enhancing the efficiency of the legal sector and judiciary system in Zanzibar, where good corporate management practices will be...
13-Dec-2004 - This policy reform programme has been approved by the Board of Directors of the African Development Fund (ADF) today through a loan of 7 million Units of Account (UA)*, equivalent to US$ 10.50 million for financing its implementation.
13-Dec-2004 - The Board of Directors of the African Development Fund (ADF) the concessional window of the ADB, approved a loan of 9.81 million Units of Accounts (UA*), equivalent to 15.07 million US dollars, to finance the multi-sector project for socio-economic reinsertion in the country. The project's sector goal is to contribute to the socio-economic insertion of disadvantaged groups by creating jobs through labour-intensive work for building infrastructure and improving access to social services such as health, education and living conditions.