ADF Supports the Nile Basin Initiative to strengthen the Water Sector in Member Countries

To support this Initiative, the African Development Fund (ADF) on 6 October 2004 inTunis, approved a grant amounting to 2.10 million Units of Account (UA), equivalent to 3.108 million US dollars which will be used to finance the Water Resources Planning and Management Project. The project will enable the NBI, in addition to the formulation of water policy, to undertake the following activities:

- Water Resources Planning and Management;

- Preparation of a computer based Decision Support System (DSS);

- Regional coordination and Facilitation.

ADF Supports Growth, Poverty Reduction and Good Governance in Cape Verde

The African Development Fund (ADF) has decided to support the process with a loan of 2.50 million Units of Account (UA*), equivalent to 3.67 million US dollars, approved by its Board of Directors in Tunis on Wednesday.

The programme comprises four components: Consolidation of public finances; Strengthening of governance; Intensification of poverty reduction actions; and Elimination of structural constraints on growth and private sector development.

Board Approves AfDB-World Bank Joint Partnership Strategy with Central African Republic

Tunis, 22 July 2009 – The Board of Directors of the African Development Bank (AfDB) Group approved on Monday in Tunis, a Joint Country Partnership Strategy Paper (CPSP), prepared by the AfDB and the World Bank Group for the Central African Republic. The document sets out the common strategy, as well as the proposed financing operations program and analytical work of the two institutions for the CAR for 2009-2012.