Leveraging African Diaspora Efforts in Developing their Countries-AfDB, France and IFAD Sign Agreement Establishing Migration and Development Fund

Tunis, 23 October 2009 – An agreement establishing a multilateral Trust Fund to improve African migrant remittances was signed on Friday, 23 October 2009 in Paris by the African Development Bank (AfDB) Group, the French government and the International Fund for Agricultural Development (IFAD). The agreement was signed by the AfDB President, Donald Kaberuka; the French Immigration, Integration and Cooperative Development Minister, Eric Besson and IFAD’s Director for West and Central Africa, Mohamed Béavogui. To be managed by the AfDB, the Fund has an initial capital of more than €6...

Accord portant création du fonds « Migration et Développement » Appui aux efforts des diasporas africaines pour le développement de leur pays d’origine

Tunis, le 23 octobre 2009 – Le Groupe de  la Banque africaine de développement (BAD), le gouvernement français et le Fonds international de développement agricole (FIDA) ont lancé à vendredi 23 octobre à Paris un Fonds fiduciaire multilatéral dédié aux transferts de fonds des migrants. Le Groupe de  la Banque africaine de développement (BAD), le gouvernement français et le Fonds international de développement agricole (FIDA) ont lancé à vendredi 23 octobre à Paris un Fonds fiduciaire multilatéral dédié aux transferts de fonds des migrants. Ont procédé à la signature de l’...

“Sending Money Home to Africa” – Remittances hold immense untapped potential for the poor

An IFAD report explores how remittances could be catalysed through informed policy decisions Tunis, 20 October 2009 – African workers send home more than US$40 billion to the region each year but restrictive laws and costly fees hamper the power of remittances to lift people out of poverty, according to a new report by the UN’s rural poverty agency, the International Fund for Agricultural Development (IFAD). “Sending Money Home to Africa” will be presented at the Global Forum on Remittances 2009, organized by IFAD and the African Development Bank (AfDB) in Tunis, Tunisia, on 22-23...

Ghana Cocoa Board Raises USD1.2 Billion Receivables-Backed Trade Finance Facility

As joint Coordinating Banks (the "Coordinating Banks"), Ghana International Bank, Natixis, Société Générale Corporate & Investment Banking and Standard Chartered Bank are pleased to announce that the Ghana Cocoa Board ("COCOBOD") USD 1.2 Billion Receivables-Backed Pre-Export Finance Term Loan was signed in Paris on 25th September, 2009. Read the full cummuniqué

World Conference on Higher Education

The field of higher education is undergoing rapid and profound transformation: demand is surging, providers are increasingly diverse and students are more mobile than ever. But national funding falls short of needs and stark inequalities remain at a time when higher education has a crucial role to play in addressing key social and economic challenges. It is against this backdrop that the 2009 World Conference on Higher Education will be held in Paris, France from 5 to 8 July 2009. The World Conference on Higher Education, organized by UNESCO, will take stock of changes in higher education...

New Financing Challenges in Low Income Countries - AfDB President Donald Kaberuka

Event: Paris Club Conference on the World Crisis and its Implication for Emerging and Developing Countries, Round Table No. 3 When this crisis started, the idea of uncoupling developed economies from those of low income countries was often mooted, but rapidly proved premature. The African Development Bank knew that eventually, the crisis would affect the real economy of our countries. The question was “when” and “to what extent”. Today, the economic crisis has unfortunately signalled its presence in several African countries earlier than expected, with quite an impact in some regions....

AfDB at the Paris Club Annual Meeting

The Paris Club holds its annual meeting with representatives from private creditors of developing countries such as banks and other private investors and with major sovereign non-Paris Club creditors. The purpose of this meeting is to encourage major creditors of developing countries to share good practices and to develop a common approach on international debt issues. Following an analysis of the evolution of the crisis and how it affects emerging and developing countries, the conference will provide an opportunity for participants to contribute to the ongoing debate on financing challenges...

9th AfDB/OECD International Economic Forum on Africa

The African Development Bank (AfDB), the OECD Development Centre and the Economic Commission for Africa of the United Nations (ECA), in partnership with the French Ministry of Economy, Industry and Employment, on June 5, 2009, in Paris, France, organize the 9th International Economic Forum on Africa. Over 500 journalists, business people, development cooperation professionals, researchers, civil society representatives and students debate the findings of the latest edition of the African Economic Outlook (AEO). The AEO, an annual report by the AfDB, the OECD and the ECA, offers a...

Hommage de Michel Camdessus à l’action de la BAD pour l’accès à l’eau potable en Afrique

L’ancien directeur général du Fonds monétaire international (FMI), Michel Camdessus, a rendu, à Paris, un vibrant hommage à l’action du Groupe de la Banque africaine de développement (BAD) pour améliorer l’accès à l’eau potable en Afrique. S’exprimant lors d’une conférence publique consacrée à l’agriculture africaine, tenu la semaine dernière, M. Camdessus a particulièrement insisté sur les retombées positives de la Facilité africaine de l’eau (FAE), domiciliée à la BAD après sa création par le Conseil des ministres africains de l’eau (AMCOW). «Cette facilité est un énorme succès. En si...

Speech at the Eighth International Forum on African Perspectives by the AfDB President Donald Kaberuka

Event: Eighth International Forum on African Perspectives The African Economic Outlook before us typifies the fine spirit of partnership between our institutions. For the African Development Bank, the collaboration in the preparation and production of this publication has brought us closer to fulfilling our mandate of informing and educating the public on current economic issues and social development in Africa and to promoting - through policy advocacy - issues that are crucial for more effective economic and public management of the continent. Our partnership has come of age and today...

President Kaberuka holds a press conference in Paris

On his way to the AfDB Annual Meetings in Ouagadougou, President Kaberuka held a series of media events in Paris on Friday 12 May 2006, including a press conference at the Radio House, one-on-one interviews with major news organizations such as TV5, RFI, VOA, Telesud, etc., and "live" interviews on LCI and i-Télé. "Africa turns a corner", said the President during the meetings with the international press, to whom he spoke lengthily on the institutional reforms he is undertaking in the AfDB to render the Bank more effective.

AfDB-AFD discuss on opportunities for cooperation

A delegation from the African Development Bank, led by A. Rakotobe, Head of the NEPAD Unit and Director of the Infrastructure Department, North, East and South regions, has just come back from Paris, where it held meetings with the French Development Agency (AFD). The two sides discussed opportunities for cooperation in supporting initiatives within the NEPAD framework. The meeting also focused on some concrete proposals and agreed on an action plan whose implementation will start as early as January 2006.

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