Posted by: APO | 10 April 2008

Senegal / The Director General of BADEA visits The Republic of Senegal


17/04/2008

 

The Director General of BADEA visits The Republic of Senegal

 

H. E. Mr. Abdelaziz KHELEF, Director General of the Arab Bank for Economic Development in Africa (BADEA) will arrive on Thursday 17th April 2008, at Dakar, capital of the Republic of Senegal, as part of a regional visit to the Republics of Sierra Leone, Cape Verde, and Guinea during the period 11 to 21 April 2008.

 


During his visit to the Republic of Senegal, the Director General will be received by H.E. the State Minister of Finance and other high-ranking officials. Talks will cover mutual cooperation between the Republic of Senegal and BADEA, with the objective of exploring the various means of promoting and developing this cooperation and realizing its objectives.

 

In this regard, the Director General will sign a loan of US $ 6.20 million dollars to finance a Livestock Development in Eastern Senegal and “Cazamanse” Area project. The objective of the project is to contribute towards the alleviation of poverty, improving food security and the living standard of the rural population through the improvement of livestock production and health, environmental protection, make use of agro-pastoral infrastructure and natural resources, and fight against desertification.



By the end of March 2008, BADEA’s assistance to Senegal reached US $ 205.21 million to participate in financing 54 development projects.


BADEA’s financing operations have expanded since 1975, reaching US $
3439.237 million by end of March 2008. The allocations have been earmarked to finance 436 development projects, 416 technical assistance operations, 30 loans for the private sector, including 19 Lines of Credits.


BADEA’s commitments to the technical assistance operations reached, during the same period, US $ 99.373
. million dollar, until end of March 2008 earmarked to finance feasibility studies and institutional support activities.

 

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 sewage, or those aiming at reducing negative impact of drought and desertification. This is obviously in line with current approaches to development.


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