Casamance Rural Development Support Project

Tunis, 19 October 2005 - The Board of Directors of the African Development Fund (ADF), the soft loan window of the African Development Bank Group, today in Tunis approved a loan of 20 million Units of Account* (US$ 30 million or CFA 24 billion) to finance the Casamance Rural Development Support Project in Senegal.

The project falls within the framework of the Program to revive economic and social activities in Casamance put in place by the Government and supported by the donor community, with a view to bolstering the process of return of peace in the region.

Benin: Growth and Poverty Reduction Strategy Support Programme: US$ 33 Million ADF Budget Support Loan and Grant

Tunis, 29 April 2009 –  The Republic of Benin will receive a US$ 33 million combined loan and grant approved on Wednesday in Tunis by the Board of Directors of the African Development Fund (ADF), the concessionary window of the African Development Bank (AfDB) Group, to finance the country’s Third Growth and Poverty Reduction Strategy Support Programme (GPRSSP III).

AfDB’s First Private Sector Investment in Algeria: €6 million Partial Credit Guarantee Facility to Maghreb Leasing Algeria

Tunis, 22 April 2009 – The Board of Directors of the African Development Bank (AfDB) Group approved on Wednesday, 22 April 2009 in Tunis a Euro 6 million partial credit guarantee facility to Maghreb Leasing Algérie (MLA). This instrument will enable the company to raise the equivalent of € 12 million in Algerian Dinars through a consortium of local banks.