Tunis, 3 May 2006 – A new loan of the African Development Fund will support community development in 505 villages in Mali.
The loan of 15 million Units of Account* (US$ 22 million or 11.7 billion CFA) approved by the ADF Board of Directors on Wednesday 3 May, will build the capacities of all local development stakeholders, improve access to basic socio-economic infrastructure and extend financial services to remote areas.
Capacity building activities will finance guidance sessions on participatory diagnoses in 157 new villages for the benefit of 9,420 persons (51.7% women) and design community development plans. Information campaigns in the 157 villages will focus on various themes such as health, hygiene, education, gender mainstreaming, female genital mutilation, family planning, girl education, greater female representation in decision-making bodies, forced and early marriages, the environment, HIV/AIDS, malaria, etc. The project shall bear the literacy expenses of 7,590 villagers (more than 50% women) and provide assistance for the construction and equipment of 253 literacy centers.
The project will finance the implementation of one basic socio-economic infrastructure per village or inter-village and/or commune micro-projects (for a total of 505 micro-projects, with an average cost per micro-project of CFA.F 16.764 million and a maximum of CFA.F 30 million).
In the rural deprived project areas, a credit fund will finance agricultural sector activities, processing of agricultural produce, services, handicrafts, trade and other activities from which revenue can be generated to repay the loans.
Over the 2000-2004 period, Mali’s economic performance was sound with an average growth rate of more than 5%. However, given the enormous structural constraints to development, this performance did not translate into improved socio-economic conditions for the people. Indeed, from 2000 to 2003, close to 64% of the population was living below the poverty line.
ADB Group operations in Mali commenced in 1970. To date, its cumulative commitments in the country stand at US$ 900 million (CFA.F 492.4 billion) in 91 operations.
- Sources of financing: ADF & Government
- Estimated start-up date and duration: July 2006, for 5 years
- Executing Agency: Ministry of Social Development, Solidarity and Senior Citizens (MDSSPA), 03 BP Bamako. Tel: (223) 222 03 87; Fax: (223) 222 03 42
- Total project cost: UA 18.72 million