Dakar- Senegal (PANA) -- Abdelaziz Khelef, director general of the Arab Bank for Economic Development in Africa (BADEA) arrived Monday in the Malian capital Bamako as part of a regional visit to Mali, Niger and Burkina Faso that will end on 19 March 2007.
During his visit to Mali, President Amadou Toumani Toure will receive Khelef in addition to holding discussions with the Malian Minister of Economy and Finance and other high-ranking government officials.
In their talks, both sides will focus on cooperation between the Mali and BADEA, with the objective of exploring the best means to promote and develop the relations and realise the objectives of development in Mali.
In Bamako, the Director General will sign a loan amounting to US$2.
6 million to finance the project of reinforcement of the means of the services plant protection and the agricultural products stored in Liptako Gourma area, which is a regional project located between the three countries.
The sum of BADEA's assistance to Mali, by the end of December 2006, reached US$129.
The amount was to finance 40 development operations, in addition to an amount totalling 4.
04 million representing BADEA's participation in debt reduction for Mali under the HIPC initiation.
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 (in the context of Emergency Aid Programme operations for the benefit of several African countries effected by drought and desertification), in addition to 59 loans extended through SAAFA.
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.
This is obviously in line with current approaches to development.