BADEA, Tanzania sign US$750,000 pact

Dakar, Senegal (PANA) - The Arab Bank for Economic Development in Africa (BADEA) has signed two technical assistance pacts worth US$750,000 with the government of Tanzania, the bank said in a statement made available to PANA here Wednesday.

The agreements were signed on the sidelines of a meeting of the bank's Board of Directors in Dar es Salaam, Tanzania, last week.

The first technical assistance agreement, for US$300,000, is to benefit the Pan African Centre for Mathematics (PACM) at the University of Dar es Salam.

It is aimed at supporting the PACM through the provision of the services of an Arab academic expert and the supply of textbooks and library references, equipment and software to enable it implement its programmes and contribute to the development and promotion of knowledge of mathematics in Africa.
The second technical assistance agreement, for US$450,000, is  to finance an institutional support programme for the Water Ministry.

The funds will be used to finance the preparation of a study for institutional capacity building for 8 Regional Water Supply and Sewerage Authorities in Western Tanzania.

Funds for technical assistance projects extended by BADEA to African countries are not repayable.

The Khartoum, Sudan-based BADEA, a financial institution owned by 18 Arab members states of the League of Arab States (LAS), began operations in March 1975

It was created for the purpose of strengthening economic, financial and technical cooperation between the Arab and African regions and for the embodiment of Arab-African solidarity on foundations of equality and friendship.
-0- PANA SEG 26June2013

26 june 2013 11:18:32

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