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Loans & Grants

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The African Development Fund Supports Rural Agriculture and Environment Protection in Uganda

29-Sep-2004 - 29-Sep-2004 - The Board of Directors of the ADF on Wednesday approved a loan of 31.57 million Units of Account (UA*), equivalent to 46.12 million US dollars and a grant of 9.85 million UA, equivalent to 14.38 million US dollars to finance the Farm Income Enhancement and Forest Conservation Project in the country. The project aims to reduce poverty by improving incomes, rural livelihoods and food security, through sustainable natural resources management and agricultural enterprise. The project comprises three components:...

ADF Supports Education in Cape Verde

29-Sep-2004 - 29-Sep-2004 - The Board of Directors of the ADF on Wednesday in Tunis, approved a grant of 1 million Units of Account (UA), equivalent to 1.46 million US dollars to finance the Education institutional support project in the country. The project is intended to improve the quality of integrated basic education through the training and strengthening of human resources involved in the educational process. It will improve the management of schools and supervision of teaching as well as the qualification of basic education teachers...

ADF Supports the Fight Against HIV/AIDS Among Refugees in West Africa

29-Sep-2004 - 29-Sep-2004 - To help alleviate the plight of the refugees, the African Development Fund (ADF) has approved a multinational project in support of a Sub regional HIV/AIDS Programme for the Refugees, Internally Displaced People and their Host Communities in the Mano River Basin Countries and Côte D’Ivoire. A grant of US$ 3.4 million will contribute to this program. The overall goal of the project is to support the Mano River Basin Countries and Côte d’Ivoire to meet Objective 6 of the Millennium Development Goals (MDGs), which...

Benin Reinforces Road Network

29-Sep-2004 - 29-Sep-2004 - The Board of Directors of the ADF on Wednesday in Tunis approved a loan of 7.80 million Units of Account (UA), equivalent to 11.39 million US dollars to help finance intra-city roads and ancillary projects in Benin. The Project aims at improving the Pobe-Ketou-Illara road and living conditions of the population of the area. It is intended to improve the level of service of transport infrastructure with a view to strengthening regional economic integration and contribute to growth in national and international...

Burkina Faso Enhances Governance

22-Sep-2004 - 22-Sep-2004 - The Supplementary Poverty Reduction Strategy Support Program II, whose financing was today approved by the Board of Directors of the ADF, amounts to 15.50 million Units of account (US$ 22.64 million). The reforms under the Supplementary Program hinge on three themes: acceleration of growth by consolidating macro-economic stability and strengthening competitiveness; improving the access to basic social services for the poor; and promoting good governance. The program will permit continued reforms to consolidate...

ADF Supports Efforts to clear Invasive Aquatic Weeds in West Africa

22-Sep-2004 - 22-Sep-2004 - In order to arrest this scourge, the African Development Fund (FAD) has approved a project on the Integrated Management of Invasive Aquatic Weeds in West Africa (IMIAW) for a total amount of US$11.76 million. This funding includes a loan of US$7.4 millions and a grant of US$1.45 million. The goal of the project is to ensure the sustainable management of the natural resources, especially the water resources, and optimize their contribution to social, economic and environmental development of the sub-region. The...

ADF Supports Efforts to clear Invasive Aquatic Weeds in West Africa

22-Sep-2004 - 22-Sep-2004 - In order to arrest this scourge, the African Development Fund (FAD) has approved a project on the Integrated Management of Invasive Aquatic Weeds in West Africa (IMIAW) for a total amount of US$11.76 million. This funding includes a loan of US$7.4 millions and a grant of US$1.45 million. The goal of the project is to ensure the sustainable management of the natural resources, especially the water resources, and optimize their contribution to social, economic and environmental development of the sub-region. The...

AfDB Boards Returns from Summer Recess: Approves Project Loans and Policy Initiatives

08-Sep-2004 - 08-Sep-2004 - On internal policy matters, the Board approved the establishment of an Economic and Technical Cooperation Unit within the Bank to provide strategic and policy support to the Bank's operations departments on regional integration matters and serve as the Bank's primary interlocutor with external agencies on regional integration issues. The Board also approved a programme of decentralization that will ensure that the Bank has an expanded field presence in Africa. According to the programme, the Bank will open eight...

AfDB Boards Returns from Summer Recess: Approves Project Loans and Policy Initiatives

08-Sep-2004 - 08-Sep-2004 - On internal policy matters, the Board approved the establishment of an Economic and Technical Cooperation Unit within the Bank to provide strategic and policy support to the Bank's operations departments on regional integration matters and serve as the Bank's primary interlocutor with external agencies on regional integration issues. The Board also approved a programme of decentralization that will ensure that the Bank has an expanded field presence in Africa. According to the programme, the Bank will open eight...

ADF Helps Mali Improve its Balance of Payments

19-Jul-2004 - 19-Jul-2004 - The ADF loan is a balance of payments support for use in financing goods and services imports originating exclusively from ADB Group member countries. Amounting to 8.6 million units of account (US$ 12.63 million), the loan will facilitate the implementation of additional reform measures under the third Structural Adjustment Programme (SAP III) and the new Cotton Sector Action Plan. Over the 2002-2003 period, the reforms implemented under SAP III mostly focused on the rehabilitation of the cotton sector and the...

La BAD et la Guinée-Bissau signent un accord de don : Renforcement des capacités de gestion économique

01-Apr-2004 - 01-Apr-2004 - M. Mohamed Gharbi, vice-président du Groupe de la Banque africaine de développement (Bad) chargé des opérations dans les régions Centre et Ouest, a estimé, lors de la cérémonie de signature, que « le renforcement des capacités humaines et institutionnelles est un besoin urgent pour le pays, en particulier dans le domaine de l’administration économique et financière ». De son côté, a déclaré M. Joao Aladji Mamadou Fadia, ministre de l’Economie et des finances de la Guinée-Bissau, cette signature intervient à...

ADF, ECCAS sign grant agreement : institutional support project of the general secretariat of the ECCAS

17-Jan-2004 - 17-Jan-2004 - The ADB Vice-President for Central and West operations, Mr. Bisi Ogunjobi and the ECCAS General Secretary, Louis Sylvain-Goma signed in Tunis a grant agreement of 2.59 million Units of Account (UA*), equivalent to 3.88 million US dollars to finance an institutional support project of the general secretariat of the ECCAS. The ADF grant will be used to revitalise and build the Secretariat’s ability to act in matter of economic integration and regional cooperation, through restructuring and implementation of its...