Displaying 8141 - 8160 of 8189
24-Nov-2004 - The Board of Directors of the ADF approved in Tunis on Wednesday, a grant of 790,000 Units of Account (UA*); equivalent to 1.2 million US dollars to finance Institutional Support to the Ministry of Finance and Development Planning (MOFDP) and the Ministry of Public Works and Transport (MOPWT).
23-Nov-2004 - The NEPAD's Heads of States and Governments Implementation Committee (HSGIC) meets on a regular basis to assess progress in NEPAD. The Bank participates in these meetings, as a core NEPAD stakeholder and technical adviser. During the XIIth Summit, held in Algiers, the Bank's President made an intervention. In addition, a report was prepared by the Bank for the Summit.
22-Nov-2004 - The African Development Bank in conjunction with four partner institutions: the Southern African Development Community- Development Finance Resource Centre (SADC-DFRC), the Joint Africa Institute (JAI), the Development Bank of Southern Africa (DBSA), and the Industrial Development Corporation (IDC) organized the SADC-Development Finance Institutions Risk Management Training Seminar in Cape Town from November 15 to 19, 2004.
18-Nov-2004 - Launching of Axle-load Control on Bamako-Ouagadougou-Accra Corridor Tunis, 18 November 2004. Burkina Faso, Ghana and Mali will launch on 18 December an axle-load control system along the road corridor linking their capitals, within the framework of Road Programme 1 (RP1) financed by the African Development Fund (ADF), with other donors. The decision to implement the Axle-Load Control Programme along the Bamako-Ouagadougou-Accra road corridor was taken by the ministers of transport of the three countries at the close of their meeting on 24...
17-Nov-2004 - The three operations amounting to 36.66 million Units of Account (UA*), equivalent to 54.95 million US dollars will finance the Inland Lakes Integrated Development and Management Support Project (PAIGELAC) and the Poverty Reduction Strategy Support Loan phase 1. The agreements were signed by Mr. Bisi Ogunjobi, the ADB Group Vice President for West and Central Operations and Mrs. Monique Nsanzabaganwa, Secretary of State in charge of economic Planning of Rwanda.
09-Nov-2004 - Tanzanian President Benjamin M’Kapa today opened the second Africa Workshop on Harmonization, Alignment and Managing for Results, urging participants to intensify the coordination and harmonization of their activities in order to accelerate development and poverty reduction, and facilitate the attainment of the Millennium Development Goals (MDGs).
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27-Oct-2004 - In this aim, ADF has approved a loan of UA6.4 million (US$ 9.40 million) to finance the Community Investment Project for Agricultural Fertility (PICOFA). The project area, the Eastern region of Burkina, which is one of the poorest parts of the country, is confronted with this phenomenon of accelerated degradation of soils, natural resources and biodiversity in general, a phenomenon exacerbated in the last decades by the demographic growth impact. Over the time, this trend could cause poverty and social conflicts intensification.
27-Oct-2004 - To this end, the Board of Directors of the African Development Fund (ADF), the concessional window of the Bank Group, on Wednesday in Tunis, approved a poverty reduction support loan of 50 million Units of Account (UA*), equivalent to 73.45 million US dollars for the country. This budget support for fiscal year 2004/2005 will help the government implement its poverty reduction programme and achieve broad-based economic growth. The assistance will focus on agriculture, rural development, human capital and institutional development and...
27-Oct-2004 - The intervention comes in the form of a loan of 8 million Units of Account (US$ 11.8 million) approved today by the ADB Group. The fund will enable the ADF to immediately resume lending operations to the country. The new ADB Group assistance to post-conflict countries was approved on 19 July 2004.
27-Oct-2004 - The support will come in the form of a loan of 21.9 million Units of Account (UA*), equivalent to 32.17 million US dollars, from the African Development Fund (ADF), the concessional window of the ADB, approved by its Board of Directors in Tunis on Wednesday. The government estimates that poverty currently affects 60% of the population. With the support of the ADB Group, the country achieved a two-digit growth rate between 1995-1997, and maintained an annual growth rate of 7.7% up to 2002, to overcome a 50% economic decline caused by the 1994...
20-Oct-2004 - The study on the Isaka (Tanzania) - Kigali (Rwanda) railway, for which the ADF today approved funding in the tune of 1.66 million Units of Account (US$ 2.4 million, equivalent to RWF 1.4 billion or TZS 2.6 billion), will contribute to the creation of a transport community program which is efficient and economical and which promotes regional economic integration. The study aims at determining the optimum solution for the operation of a railway line between Isaka and Kigali on the "Central Transport Corridor" with a view to opening up Rwanda.
ADF Supports Post-War Reconstruction in Sierra Leone - ADF Grant will strengthen Public Finance and Energy Sectors20-Oct-2004 - The Board of Directors of the African development Fund (AfDF), the concessional window of the ADB Group, on Wednesday in Tunis, approved a grant of 2.79 million Units of Account (UA*), equivalent to 4.10 million US dollars to strengthen the country's public finance and the energy sectors. Sierra Leone witnessed a brutal war between 1990-2000 that displaced half of its population, disrupted the economy and destroyed the infrastructure including the public electricity supply system.
13-Oct-2004 - The African Development Bank Group has decided to assist the government in its efforts to find a solution to this problem with a loan and a grant of 13.66 million Units of Account (UA*) equivalent to 20.06 million US dollars. The Board of Directors of the African Development Fund (ADF), the concessional window of the ADB, approved in Tunis on Wednesday, the loan of 9.77 million UA, equivalent to 14.35 million US dollars and the grant of 3.89 million UA, equivalent to 5.71 million US dollars to finance the child welfare project.
13-Oct-2004 - In order to tackle the challenges posed by these problems, the African Development Fund (ADF) is partnering with the Ethiopian Government in its efforts to enhance sustainable development and reduce poverty. The Fund has approved a loan of 60 million Units of Account (US$ 88 million) aimed to support the implementation of the Government’s Sustainable Development & Poverty Reduction Programme.
13-Oct-2004 - This new intervention of the ADF, which has approved today a loan of 9.58 million units of account (US$ 14 million), will support a rural electrification project in the Senegalese region of Louga. The project will help improve the living conditions of rural populations through improved access to electricity and enhanced management capacity of sub-sector institutions, while promoting productive sectors (trade, cottage industries, stockbreeding, etc.).
13-Oct-2004 - The Bank will, as a result, provide irrevocable debt relief of US$ 339.5 million in net present value (NPV) terms to the country. Ethiopia will be released from up to 80 percent of annual debt service to the Bank Group until the entire amount is delivered. In practical terms, its 2004 debt service obligations, for example, will fall from about US$ 41.33 million to about US$ 11.28 million. To reach completion point, the government had to fulfill three key conditions: - Completion and satisfactory implementation of its agreed Poverty Reduction...
13-Oct-2004 - The Bank Group will, as a result, provide irrevocable debt relief of US$ 50.01 million in net present value (NPV) terms to the country. Niger will be released from up to 80 percent of annual debt service obligations to the Bank Group until the entire amount is delivered in July 2024.
06-Oct-2004 - Le Projet d’appui au développement de la pêche continentale (Padepeche), adopté mercredi par le Fonds africain de développement, est une réponse à l’absence d’infrastructures de base, de centres de traitement et conditionnement, ainsi que la faible capacité des populations bénéficiaires et des services d’encadrement. Un prêt de 15 millions d’unités de compte (UC), équivalant à 22 millions de dollars EU (11,6 milliards FCFA), financera le projet.
06-Oct-2004 - The African Development Fund (ADF) has decided to support the process with a loan of 2.50 million Units of Account (UA*), equivalent to 3.67 million US dollars, approved by its Board of Directors in Tunis on Wednesday. The programme comprises four components: Consolidation of public finances; Strengthening of governance; Intensification of poverty reduction actions; and Elimination of structural constraints on growth and private sector development.