BADEA's chief to address COMESA summit

Dakar- Senegal (PANA) -- The Director-General of the Arab Bank for Economic Development in Africa (BADEA), Abdelaziz Khelef, will address the 26-27 April summit of the Common Market of East and Southern Africa (COMESA) in Mauritius on the bank's role in Africa's development.
Khelef arrives Thursday in Mauritius at the invitation of the government along with a delegation that will attend the COMESA summit, the bank said in a statement.
The statement said Khelef will speak to the participants on the efforts exerted to realise BADEA's objectives as a mechanism of enhancing the Arab-African cooperation and BADEA's program for financing Arab exports to African countries.
Within the framework of the summit, side-meetings will be held with some African delegations, in order to review current and future cooperation with BADEA.
Khelef's visit to Mauritius aims at the coordination, exchange of views and identification of the needs and priorities of the country, in order to improve and enhance the existing cooperation between the two parties.
The visit is also within a regional tour by Khelef to some Indian Ocean countries eligible for BADEA's assistance, and including beside Mauritius, Seychelles and Madagascar.
The BADEA boss will hold talks with Mauritian President and Prime Minister as well as ministers and officials who are concerned with BADEA's cooperation.
The meetings will review the current status of the mutual cooperation, the current status of the on-going projects and technical assistance operations, in addition to the development plans of the Government and its prioritised development operations for financing.
The delegation will pay visits to some sites of projects financed by BADEA.
Till the end of March 2007, BADEA's financing to Mauritius amounted to about US$102.
73 million, covering 15 development operations, including three operations within the framework of BADEA's Export Financing Scheme (BEFS), totalling US$24.
4 million.

26 april 2007 12:01:00




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