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African Development Fund Supports Construction of Feeder Roads in Burkina Faso

29-Sep-2004 - 29-Sep-2004 - The loan of 15.71 million Units of Account (UA), equivalent to 22.95 million US dollars was approved by the Board of Directors of the ADF in Tunis on Wednesday to finance the Feeder Roads Project. The project will involve the improvement of 975km of feeder roads in 13 provinces of the country. This will include 865 km of cotton-farm tracks in the West and Southwest and 110 km of tracks serving the market-garden areas in the provinces of Houet and Kadiogo. It will also involve works control and supervision; as well as...

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 with a view...

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 seeks to stop...

Foreign Investments Target Uganda’s Mining Sector

29-Sep-2004 - 29-Sep-2004 - The ADF grant will be utilized to finance the procurement of goods and services for Airborne Geophysical Surveys (airborne data acquisition, compilation of information on surface and sub-surface geology, data processing, interpretation, quality control and publication of these data). It will also finance Laboratories and Geological Storage (procurement of relevant equipment for providing support services to mineral exploration and exploitation programs as well as setting up of rock sample labs and museum). The grant will...

AfDB at the Service of Peace in West Africa

29-Sep-2004 - 29-Sep-2004 - The Support to ECOWAS for Peace and Development Project will help strengthen the institutional capacities of ECOWAS and civil society in countries affected by conflict and to achieve better coordination, management and implementation of conflict prevention measures in the context of good governance. The project will help minimise the risks of conflict in the sub-region and promote economic recovery in areas that are already experiencing conflict. Among other outputs, the project will help to implement the protocols on...

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 ECOWAS will...

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 macro-...

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 ECOWAS will...

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 new offices...

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 new offices...

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 financial...

XIth Summit of NEPAD's HSGIC

07-Jul-2004 - 07-Jul-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 XI th Summit, held in Addis Ababa, Ethiopia, the Bank's President made an intervention.