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The Director General of the Arab Bank for Economic Development in Africa
visits four of South and East Africa countries |
H. E. Mr. Medhat S. Lotfy, Director General of Arab Bank for
Economic Development in Africa (BADEA), is scheduled to visit four South and
East African countries during the period from 6th to 15th January 2005, namely,
Swaziland, Mozambique, Zimbabwe and Kenya.
The tour will be an opportunity for the Director General to discuss with
high-ranking officials in these four countries the cooperation programmes
between them and BADEA, to explore the best means of promoting and developing
mutual cooperation relations. The Director General will take the opportunity of
the visit to introduce to the officials, BADEA’s 5th Five Year Plan (2005-2009),
which took effect as of the beginning of the year 2005.
Its is worth-mentioning that, BADEA’s new 5th Five Year Plan aims to develop and
diversify BADEA’s activities, with emphasis on infrastructure, agriculture and
rural development sectors, in addition to projects relative to the welfare of
the people, poverty alleviation, food security, and encouraging women’s
participation in development. The total commitment under this Plan is set at US
$ 900 millions.
On the other hand, the Director General will brief the officials in those four
countries on BADEA’s Export Financing Scheme (BEFS), which promotes trade
between the Arab and African countries and enforces the Afro-Arab cooperation.
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