BADEA chief on a visit to Niger Friday

Dakar- Senegal (PANA) -- The Arab Bank for Economic Development in Africa (BADEA) director-general, Abdelaziz Khelef, arrives in Niamey, Niger, Friday, as part of a regional visit during which he will hold co-operation talks with top government officials.
During the visit, Khelef will sign a loan amounting to US$2.
42 million to finance the reinforcement of plant protection services and agricultural projects in Liptako Gourma area project, which is a regional project located between the three countries of Niger, Mali and Burkina Faso, according to a BADAE media communiqué availed to PANA Thursday.
In Niger, he will be received by the country's President Mamadou Tandja, minister of Economy and Finance, and other high-ranking government officials.
He will also visit some of projects financed by BADEA.
By the end of December 2006, BADEA's assistance to Niger reached the sum of US$67.
815 million to finance 26 development projects.
BADEA's financing operations have grown since 1975, to reach US$3174.
52 million by end of December 2006.
These include loans provided through SAAFA (Special Arab Aid Fund for Africa) amounting to US$214.
2 million, and have been earmarked to finance 402 development projects, 374 technical assistance operations, 26 loans for the private sector and 14 special operations.
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.

08 march 2007 14:48:00




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