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In response to the invitation extended by the
Republic of The Gambia, H.E. Mr. Abdelaziz Khelef,
Director General of the Arab Bank for Economic
Development in Africa (BADEA), arrives on 21 November
2007, at Banjul, capital of the Republic The Gambia. The
visit is part of a regional visit that included the
Republics of Senegal, Guinea Bissau, and Mauritania,
during the period from 14 November to 28 November 2007.
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During his visit to the Republic of The Gambia, H.E. the
President of the Republic and the Secretary of State for
Finance Department and other high-ranking officials will
receive the Director General.
Talks will cover the mutual cooperation
between the Republic of The Gambia and BADEA, with the
objective of exploring the various means of promoting
and developing this cooperation and realizing its
objectives.
By the end of October 2007, BADEA’s
assistance to The Gambia reached US $ 77.006 million for
participating in financing 24 development projects.
BADEA’s financing operations in Sub-Sahara
African countries have expanded since 1975, reaching US
$ 3354.127 million by end of October 2007. The
allocations have been earmarked to finance 427
development projects, 407 technical assistance
operations, 29 loans for the private sector, including
14 special operations (in the context of Emergency Aid
Programme benefiting several African countries effected
by drought and desertification), in addition to 59 loans
extended through SAAFA.
BADEA’s operations cover all the 43
eligible countries in Sub-Saharan Africa, in addition to
a number of regional organizations. The operations cover
infrastructure, agriculture and rural development, rural
water, electricity, rural roads, animal and fish
production, energy, industry, social and the banking
sector over and above technical assistance operations.
The projects selected by BADEA are those, which are
directed towards improving the living conditions of the
people and easing the pressure on them and reducing
poverty, particularly those projects related to rural
development and environment such as rural water supply
and sewerage, or those aiming at reducing negative
impact of drought and desertification. This is obviously
in line with the Millennium Development objectives
aiming at reducing poverty in developing countries. |