Senegal, BADEA to implement a new financing programme

Dakar- Senegal (PANA) -- The Arab Bank for Economic Development in Africa (BADEA) is presently holding talks with the Senegalese government to implement a programme to finance social projects during 2008-2009, the director general of BADEA, Abdelaziz Khelef revealed Friday following discussions with Senegalese Premier Cheikh Hadjibou Soumare.
According to Khelef, who said the selection of projects was underway, the BADEA would finance projects in priority areas such as agriculture, rural development and road facilities.
Khelef noted that the bank would maintain its level of intervention in Senegal for the next two years, up to 14 or 15 million US dollars per year.
Commenting on his meeting with Soumare, he indicated that bilateral co-operation between BADEA and Senegal has been "very positively" appreciated by both parties who wished to enhance it.
The BADEA boss, who arrived in Dakar Wednesday for an official visit, went Thursday to the northern region of Matam, about 500 km from Dakar, to visit a 770-ha agricultural area financed by his institution for a total amount of US$6.
7 million.
He was then received in audience in the afternoon successively by the minister of Water, Adama Sall and Finance Minister, Abdoulaye Diop.
Since 1975, the BADEA has financed 52 projects worth US$199.
6 million in favour of Senegal, in addition to a debt cancellation estimated at US$5.
08 million under the Heavily Indebted Poor Countries (HIPC) initiatives.

16 november 2007 15:30:00

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