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ADF, Tanzania sign Poverty Reduction Support Loan

09-Dec-2004 - The African Development Bank Group Vice President for North, East and South Operations, Mr. Theodore Nkodo, and the Ambassador for Tanzania in Egypt , Mr. Kassim Mwawando, signed, in Tunis on Thursday, December 9, the loan agreement of the Poverty Reduction Support Project amounting to US$ 76.8 million (50 million Units of Account). The project was approved by the ADF Board of Directors on October 27, 2004.

ADF supports institutional and socio-economic integration in Western Africa

08-Dec-2004 - The project’s global objective is to help put in place development plans and programs in the water resources, energy and transport sectors of the Liptako-Gourma Region with a view to reducing poverty in the region. Its specific objective is to build ALG’s human and technical capacity so as to improve its performance in terms of economic decision-making, good economic governance and poverty reduction.

ADF Helps Improve Control of Communicable Diseases in Madagascar

08-Dec-2004 - The grant of 6 million Units of Account (9 million US dollars) will be used to enhance safe blood transfusion and improve the quality of preventive and curative medication against communicable diseases (HIV/AIDS, sexually transmitted diseases, tuberculosis and hepatitis). The project will comprise the establishment of an operational blood transfusion network; improvement of access to services for the prevention, diagnosis and treatment of communicable diseases. It also includes national capacity building for epidemiological surveillance.

ADF Strengthens Good Governance in Madagascar

08-Dec-2004 - The Board of Directors of the Fund on Wednesday in Tunis, approved a grant of 5.86 million Units of Account (about 9 million US dollars), to help finance a project aimed at strengthening the national capacity to implement good governance programmes with the ultimate of reducing poverty by half by 2015. The project has three components: - Support to the enhancement of transparency and accountability in public finance management; - Support to the modernisation and enhancement of the legal and judicial environment; - Project management

ADF launches a study on Fisheries resources developmentin Ethiopia

08-Dec-2004 - This study will examine the problems of development of the fisheries sub-sector and aquaculture. A Development Plan, and a set of appropriate actions aimed at better orientation of future interventions in the sub-sector will also be defined.

New AfDB Assistance to Post-Conflict Countries Policy: AfDB Clears Congo’s Arrears

08-Dec-2004 - The grant of 33.3 million Units of Account (US$ 50 million or 26 billion FCFA) today approved by the ADB Group will allow for rapid resumption of Bank Group assistance to the country in conjunction with the International Financial Institutions and the Donor community. This intervention lies within the framework of the new ADB Group assistance to post-conflicts countries, approved on 19 July 2004.

The ADF supports good governance in Malawi

08-Dec-2004 - The proposed program aims at enhancing accountability and transparency throughout Malawi’s public sector and supporting targeted legal reforms aimed at improving access to justice, curbing corruption, and accelerating the law reform process. To this end, the loan will help Malawi meet its external financing gap for 2004 towards enabling the Government implements the governance improving measures, which are articulated under the Malawi Poverty Reduction Strategy. The loan program targets reforms in the following two main areas:

The African Development Fund supports economic reforms and governance in Burundi

08-Dec-2004 - The government's economic reform programme comprises the following components: reintegrating conflict victims and disadvantaged groups into the economic system; reforming the macroeconomic framework; disengaging the government from the productive sector; and strengthening good governance.

Lutte contre la prolifération des plantes aquatiques parasites : Le Fad et la Mauritanie signent un accord de prêt

07-Dec-2004 - Le vice-président pour les opérations des régions Ouest et Centre du Groupe de la Banque africaine de développement, M. Bisi Ogunjobi, et l’ambassadeur de la Mauritanie en Tunisie, M. Cheikh Ould Baha, ont signé à Tunis le mardi 7 décembre, un accord de prêt de 1,2 million de dollars EU (809 000 unités de compte) afin de financer le projet multinational degestion intégrée des plantes aquatiques proliférantes en Afrique de l’Ouest.

Ghana Reaches Completion Point in HIPC Initiative: Obtains major debt relief from the AfDB

01-Dec-2004 - Tunis, 1st December 2004 –The Boards of Directors of the African Development Bank (AfDB) and the African Development Fund (ADF) today agreed that Ghana had effectively met the conditions and reached the completion point under the enhanced framework of the Heavily Indebted Poor Countries (HIPC) Initiative.

Private sector operations in Kenya : ADB grants a line of credit to KCB

01-Dec-2004 - Since its incorporation, KCB has emerged as the largest bank in Kenya's financial sector. The KCB Group has the widest network of outlets in the country, comprising 113 full-time branches and 35 satellite branches representing over 55% of the total banking outlets in Kenya. Of these, 80% are located the rural areas, with representation in all administrative districts. All branches provide a comprehensive range of Retail, Personal, and Corporate banking as well as other financial services. KCB also established a network of over 400...

AfDB Helps Morocco Liberalize Transport Sector

01-Dec-2004 - The Transport Sector Reform Programme (TSRP), which funding was today approved by the ADB with a budget support loan of 240 million euros (about 2.7 billion dirhams), aims at improving the contribution of the transport sector to the national economy by liberalizing the market and reducing transport costs.

Ghana Reaches Completion Point in HIPC Initiative: Obtains major debt relief from the ADB

01-Dec-2004 - The Bank Group will, as a result, provide irrevocable debt relief of US$ 131 million in net present value (NPV) terms to the country. Ghana will be released from up to 80 percent of annual debt service to the Bank Group until the entire amount is delivered sometime in January 2013. In practical terms, its 2004 debt service obligations, for example, will fall from about US$ 25.15 million to about US$ 5.03 million. To reach completion point, the government had to fulfill three key conditions:

ADF supports economic reforms in Mozambique

01-Dec-2004 - In order to alleviate the Government’s budget constraints, which remains a major problem for the country, the Board of Directors of the African Development Fund (ADF) has approved on 1st December 2004 in Tunis, a loan amounting to 30 million Units of Account (US$ 50 million), to finance the second Programme of Economic Reform and Good Governance for the Reduction of Poverty. (PER-GROP II)

Opérations du secteur privé en Afrique du Sud : La BAD octroie une délégation de crédit à Nedbank

01-Dec-2004 - La projet vise à désigner Nedbank comme mandataire de la BAD et à lui accorder une délégation de crédits basée sur le partage des risques (RSAL), dont les ressources seront utilisées pour investir dans les projets pertinents remplissant les conditions requises. La RSAL sera utilisée par le mandataire pour accorder des prêts à des emprunteurs identifiés, en vue du financement de sous-projets spécifiques.

Le FAD et le Sénégal signent des accords de prêt et de don

30-Nov-2004 - Ces trois accords, dont le montant total s’élève à 11,88 millions d’unités de compte (17,81 millions de dollars EU), financeront le projet d’électrification rurale dans la région de Louga et le projet multinational de lutte contre la prolifération des plantes aquatiques en Afrique de l’Ouest. Ces trois accords ont été signés par M. Théodore Nkodo, vice-président du Groupe de la Banque africaine de développement pour les opérations Nord, Est et Sud, et par M. Abdourahmane Sow, ambassadeur du Sénégal à Tunis.

Signature d’un accord de don du Fonds africain de développement : Renforcement de la lutte contre le VIH/SIDA au Mali

30-Nov-2004 - M. Théodore Nkodo, vice-président du Groupe de la Banque africaine de développement pour les opérations Nord, Est et Sud, et M. Boubacar Gaoussou Diarra, ambassadeur du Mali à Tunis, ont signé l’accord de don. Le montant de ce don, 8,3 millions d’unités de compte (6,4 millions de FCFA), contribuera à réduire le taux de séroprévalence par l’amélioration des services de dépistage, la mise à disposition des antiviraux aux malades du SIDA.

Le Fad soutient la réduction de la pauvreté en milieu rural et l’amélioration des voies de transport au Bénin..

29-Nov-2004 - Le vice-président pour les opérations des régions Centre et Ouest du Groupe de la Banque africaine de développement (BAD), M. Bisi Ogunjobi, et M. Grégoire Laourou, ministre des Finances et de l’économie du Bénin ont signé, à Tunis aujourd’hui, trois accords de prêt pour un montant total de 19,78 millions d’unités de compte (29, 6 millions de dollars EU). Ces accords concernent deux projets nationaux: un projet de réhabilitation de la route Pobé-Kétou-Illara et un projet d’alimentation en eau potable et d’assainissement en milieu rural.

Framework for Implementation of Capital Adequacy Standards and Good Corporate Governance in African Banks

29-Nov-2004 - The Bank organized this workshop to facilitate a discussion on the issues and options among African bank supervisors, officials from other financial institutions and with international experts. The workshop was organized in collaboration with the Association of African Central Banks and the African Peer Review Mechanism (APRM) Secretariat in Johannesburg, Republic of South Africa. The Federal Reserve Bank of New York and the Financial Stability Institute of Basel provided technical support to the workshop.

ADF / Tanzania: District Agriculture Sector Investment Project : Increases income of 500,000 rural households

24-Nov-2004 - The ADF today approved the funding of the District Agriculture Sector Investment Project with a loan of 36 million Units of Account (US$ 54 million or 56 billion Tanzanian Shillings) and a grant of 7 million Units of Account (US$ 10.5 million or TZS 11 billion).