Loans & Grants

Displaying 1561 - 1580 of 1605

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:

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.

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)

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...

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.

Water And Sanitation: ADF Supports Uganda’s Small Towns

24-Nov-2004 - The objective of the project is to improve the quality of life and enhance national economic development by ensuring sustainable management of the country’s water resources and provision of adequate water for all. This will enhance the standard of living and promote development in the seven small towns that will benefit from the project. The project involves the provision of adequate water supply and sanitation to the towns concerned, solid waste management, storm water drainage and community mobilization and health education

AfDB Supports Tunisian Road Network Development

24-Nov-2004 - The project aims to reduce transport costs by improving the capacity of paved roads and reducing their width constraints in order to promote the development of intra- and inter-regional trade. The ADB loan will enable the rehabilitation works of 1,256 km of roads of the classified network and the widening of the roads to 7,60 m or more. Monitoring capacity of the road network and supervision of maintenance works will also be strengthened.

Capacity Building: ADF Promotes Efficient Public Service in Lesotho

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).

Indian Ocean : ADF stems HIV/AIDS propagation

24-Nov-2004 - The ADF grant (6 million Units of Account or US$ 9 million) seeks to stem HIV/AIDS/STI transmission in and amongst the IOC member states. The Support Project to the Regional Initiative for HIV/AIDS/STI Control in IOC Member Countries will target the migrant populations (migrant/seasonal workers, tourists, seafarers…) that move from island to island, along with the local populations with which they come into contact at ports, tourist locations and hotels…

Water and Sanitation: Morocco Gets AfDB Support

24-Nov-2004 - The loan of 56.2 million Units of Account (UA*), equivalent to 66.5 million euros, will be used to help improve the living conditions of the population by providing them with drinking water and wastewater treatment facilities. The project aims at ensuring sustainable supply of drinking water to several towns and cities, to the new tourist and port complexes. It will improve access to drinking water in rural areas that are not on the supply network as well as improve hygiene.

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).

Namibia, ADB Sign Loan Agreement: Enhancing Broader Access to Social Services

02-Nov-2004 - Enter your complete press release here..

New ADB Assistance Policy to Post-Conflict Countries: ADB Clears 35% of Burundi’s Arrears

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.

ADB Group Supports Rwanda’s Poverty Reduction Efforts

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...

ADF supports Burkina Faso to halt desert progression

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.

ADB Group Helps Tanzania Fight Poverty

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...

ADF Supports Post-War Reconstruction in Sierra Leone - ADF Grant will strengthen Public Finance and Energy Sectors

20-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.

Regional Integration: ADF Seeks to Connect Dar Es Salaam to Kigali by Rail

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.