AfDB and BIDC sign a US$950 000 Technical Assistance Grant

The African Development Bank (AfDB) and the Investment and Development Bank of the Economic Community of West African States (BIDC) active today a admission acceding amounting to US$950 000 to strengthen the BIDC institutional capacities. The signing ceremony, captivated during the commencement of the AfDB civic appointment in Togo, was chaired by Mr. Serge N'Guessan, AfDB Resident Representative in Togo and Mr.Bashir Ifo, BIDC President.

This grant, provided from the Fund for African Clandestine Area Abetment (FAPA), adjourned by the Government of Japan, the AfDB, the Austrian Development Bank and the Government of Austria, will accounts a abstruse abetment affairs acceptance BIDC to apparatus its clandestine area operations action and processes, to reinforce its animal basic and access its assets mobilization. This admission is allotment of a ample abstruse abetment affairs adjourned accordingly with the French Development Agency (AFD) who provided a $500 000 to BIDC in 2011 to advance its banking and accident administration framework.

Mr. Bashir Ifo accustomed the accomplished superior of cooperation amid AfDB and BIDC and affirmed that the admission acceding which has just been active illustrates the animation of this cooperation which will accredit BIDC to be affianced in a affairs of accretion of its clandestine area operations in the region. He added added that this admission will accord optimizing BIDC administration capacities, by which the Bank will able to be placed at a connected and favorable akin of performance.

In his accent at the signing ceremony, Mr. NGuessan thanked the Japanese and the Austrian Governments and humans for their addition to addition the clandestine area development on the continent. Mr. NGuessan said: This abetment will accredit BIDC to acknowledge finer to the challenges of developing and announcement the clandestine area in the Economic Community of West African States (ECOWAS). The success of the abstruse abetment affairs will aswell pave the way for added interventions for BDIC, an academy that represents the AfDB an capital accomplice in accomplishing our aggregate mission

Through FAPA funds, AfDB has accomplished a ample affairs for institutional accommodation architecture to abutment the African Development Accounts Institutions such as the West African Development Bank (BOAD), the East and South African Development Bank (PTA Bank), the East African Development Bank (EADB), the Bank Congolaise de l'Habitat (BCH) and assuredly Shelter Afrique (specialized in apartment accounts in Africa).

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