Mali - ADF Approves US$15 million for Decentralization and Economic Development Support Project

Tunis, 26 September 2007 -  Mali will receive US$ 15.4 million from the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB), following the approval of a loan of 5 million Units of Account (UA*), equivalent to US$ 7.4 million and a grant of the same amount by the Fund’s Board of Directors on Wednesday in Tunis. The funds will be used to finance a Decentralization and Regional Economic Development Support Project (PADDER) in the country.

Burkina Faso: US$ 61 Million for Road Rehabilitation

Tunis, 11 February 2009 - The Board of Directors of the African Development Bank (AfDB) Group has approved a combined loan and grant of 41 million Units of Account (UA*) equivalent to US$ 61 million, to finance the rehabilitation of key roads in landlocked Burkina Faso.

The funding, which comprises a UA 10-million loan and a UA 31-million grant from the African Development Fund, the concessionary loan window of the Bank Group, will help in the rehabilitation of the Koupela–Bittou–Cinkanse–Togo Border road and the Mogande Access Road.