Afdb Agreement

Afdb Agreement

The second financing agreement, under the responsibility of the Ministry of Finance, which was agreed to by the Council of Ministers, concerns the loan agreement No. 2000 2000 04652, which funds the Yeleen project, which aims to increase and diversify electricity supply through the construction of four new photovoltaic plants with a total capacity of 52 megawatts (MW). This project, which covers the entire national territory, will be carried out between 2020 and 2024 to enable the development of the electricity grid and the service of 30,000 households. This is the loan agreement 2100 1500 42246 for the financing of the drinking water and rural sanitation project (Pepa-mr). With a total cost of around 15.2 million euros (nearly 10 billion CFA francs), the rate of access to safe drinking water for the population of the Central West regions is expected to increase from 70% in 2018 to 84% in 2022. The project also aims to increase access to sanitation facilities in the same region from 15% in 2018 to 70% in 2025 and from 10% in the South Central region in 2018 to 65% in 2025. A draft agreement was presented to senior African officials at the finance ministers` conference on the creation of an African Development Bank. The conference was convened in Khartoum, Sudan, from 31 July to 4 August by the United Nations Economic Commission for Africa (UNECA). Here, the agreement creating the African Development Bank (AfDB) was co-signed by 23 African governments on 4 August 1963. [9] The agreement came into force on September 10, 1964. [10] In order to improve the supply of drinking water, sanitation and renewable energy, the country is committed to complying with the terms of the two loan agreements signed on 21 February 2020 between its Finance Minister and the African Development Bank (AfDB). At its meeting on 6 May 2020 in Ouagadougou, the Council of Ministers authorised the signing of these loan contracts, totalling more than 64 million euros. In June 2020, the AfDB Board of Directors approved a review of Adesina`s management of the bank.

Adesina will be re-elected in August 2020. [17] Adesina was unanimously re-elected on 27 August 2020 for a second five-year term[18] The Nigeria Trust Fund (NTF) was established in 1976 by the Nigerian government with an initial capital of $80 million.


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