ADB to settle in Togo

18/04/2011
ADB to settle in Togo

The African Development Bank (ADB) will open a regional office to cover Togo and Benin, with headquarters in Lomé. The news was confirmed on Sunday by Donald Kaberuka (photo), Head of the ADB, during a meeting at Washington with Adji Otèth Ayassor, the Togolese Minister of Economy and Finance.
Mr. Kaberuka hopes that this implantation will be effective no later than September, subject to finding a suitable premises.
In addition, the Bank's President announced that the institution would finance the renovation of the road- Atalpamé-Blitta-Sokodé-Kara up to the border of Burkina Faso. He gave no figures, but the budget is estimated at 80 billion CFA francs.
Other confirmed partial funding by the ADB, is of the new dock at the Port of Lomé, which already benefits a support of 120 million Euros granted by the International Finance Corporation (IFC, World Bank Group). The project consortium is led by the Lomé Container Terminal (LCT) (MSC and Getma groups).
Mr. Ayassor also met the French director of the IMF, on Sunday. Ambroise Fayolle commended the authorities for their Lomé policy reform and on having achieved the completion point in record time under the HIPC Initiative. He assured that France would continue its support to the policy of economic and financial reforms.
The Togolese Minister was participating in Spring Meetings of IMF and World Bank, since Tuesday.

Commentaires

Loading comments ...

Loading comments ...

IL NE FALLAIT PAS MANQUER

Guinée Bissau : la Cédéao brandit la menace de sanctions

Cédéao

Faute d'avoir respecté ses engagements vis à vis de la Cédéao, la Guinée Bissau pourrait être sanctionnée par l'organisation régionale.

La transformation numérique est lancée

Tech & Web

Depuis jeudi, les étudiants des universités publiques disposent d’une connexion internet Wi Fi haut débit. Accès disponible dans les salles de cours et sur le campus.

Mauvaise chute

Sport

Les Eperviers du Togo chutent lourdement au dernier classement FIFA publié jeudi. Cinq points de moins.

Le pape du riz hybride va accueillir de nouveaux stagiaires

Coopération

L’université agronomique de Changsha (Chine) va proposer un nouveau cycle de formation aux agriculteurs togolais.