Dakar- Senegal (PANA) -- Abdelaziz Khelef, director general of the Arab Bank for Economic Development in Africa (BADEA) is in Accra on a regional visit to Ghana, Togo and Benin that will last up to 11 July.
According to a BADEA press release, Ghana's Minister of Finance and Economic Planning, and other high-ranking government officials received Khelef upon arrival Saturday in Accra.
It said their talks would cover areas of cooperation between the Ghana and BADEA, with the aim of exploring the best means to promote and develop their relations and realise the objectives of development in Ghana.
During the visit to Ghana the Director General will attend the 9th Ordinary Session of the Assembly of the African Union, the release said.
BADEA's assistance to Ghana by end of June 2007 reached US$151.
672 million to finance 28 development operations, in addition to a total of US$8.
3 million representing BADEA's participation in reducing the debt of Ghana under the HIPC initiative.
BADEA's financing operations have grown since 1975, to reach US$3315.
982 million by end of June 2007, and have been earmarked to finance 421 development projects, 396 technical assistance operations, 28 loans for the private sector and 14 special operations (in the context of Emergency Aid Programme operations for the benefit of several African countries effected by drought and desertification).
BADEA's operations cover all 43 eligible countries in Sub-Saharan Africa, in addition to a number of regional organizations.
They cover infrastructure, agriculture, rural development, energy, industry, social and financial sector in the form of project loans and technical assistance grants.
The projects selected by BADEA are directed towards improving the living conditions of the target beneficiaries, particularly those projects related to rural development and environment, such as rural water supply and sewage, or those aiming at reducing negative impact of drought and desertification, and reducing poverty, the release said.
This is obviously in line with current approaches to development.