Saturday, 10 October 2015

African Development Bank plans to roll out economic integration projects

President of the African Development Bank, AfDB, Dr. Akinwumi Adesina has urged the Ivorian President, Alassane Ouattara to support economic policies, aimed at boosting regional developments.
Adesina, who disclosed that a solid pipeline of projects, including Abidjan–Lagos road corridor was being prepared, said such move would enhance economic integration in the West Africa region.
According to him, it would also create enabling environment for increased value addition for primary products in the region.
“A solid pipeline of projects is being prepared, including the Abidjan–Lagos road corridor, which will enhance economic integration in the West Africa region’’, he stated.
President Ouattara also acknowledged the Bank’s strong support of Côte d’Ivoire’s development programme alongside other partners.

He rolled out the agenda of his government, which focuses on industrial processing and value addition for agricultural exports, universal access to energy with the target of powering all villages with more than 500 inhabitants, and regional integration, particularly within the Economic Community of West African States, ECOWAS.
He however appreciated the commitment of the new AfDB President to support agricultural development in Côte d’Ivoire, as production continues to be characterized by a low level of local processing.
Minister of State for Planning and Development and the AfDB Governor for Côte d’Ivoire, Albert Toikeusse Mabri, stated that Ministerial and AfDB teams are working collaboratively on important programmes to finance the transport sector, particularly road programmes.
The Bank’s project portfolio in Côte d’Ivoire amounts to some $2.1 billion since 1967 with 16 ongoing projects worth nearly $640 million.

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