ECOWAS, ACBF sign capacity building Agreement

Lagos- Nigeria (PANA) -- ECOWAS has signed an agreement with the African Capacity Building Foundation (ACBF) for a two-million-dollar grant to strengthen the trade negotiation capacity of the Organisation and its 15-member States, a statement by the sub-regional body's Secretariat in Abuja Friday.
It said the agreement was signed in Harare, Zimbabwe, Headquarters of the Foundation, by the ECOWAS Executive Secretary Lansana Kouyate and his ACBF counterpart, Soumana Sako.
The grant, to be disbursed over four years from 2001 to 2005, is about half of the 4.
3 million dollars required by ECOWAS for the implementation of a four-year capacity building project for its trade officials and those of its member States.
"This will prepare them for impending multilateral trade negotiations in the World Trade Organisation, the ACP-EU partnership agreement signed in Cotonou (Benin) on 23rd June 2000, the US African Growth and Opportunity Act, and the ECOWAS Customs Union negotiations," it added.
Other donors are expected to provide another 1.
8 million dollars, while ECOWAS will provide 431,518 dollars to finance the project.

17 august 2001 18:55:00




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