IMF Reaches Staff-Level Agreement with Cameroon on the Fourth Reviews of the Extended Credit Facility and the Extended Fund Facility
“The mission has reached staff-level agreement with the Cameroonian authorities on the economic and financial policies that could support the approval of the fourth reviews of the program under the ECF and EFF arrangements. Completion of the fourth reviews by the IMF Executive Board, scheduled in late June 2023, would enable the disbursement of SDR 55.2 million (about US$73.8 million).
IMF and Madagascar Reach Staff-Level Agreement on the Fourth Review of the Extended Credit Facility Arrangement
: A team from the International Monetary Fund (IMF) led by Frederic Lambert held discussions in Antananarivo during May 3 – 12, 2023 on the fourth review of the arrangement with Madagascar supported by the Extended Credit Facility (ECF) approved in March 2021.
EIB Vice-President Peeters emphasised the bank’s role in increasing road safety and connectivity in the Western Balkans
As one of the leading financiers of transportation projects in the Western Balkans, EIB Global contributed to two notable regional conferences on road safety and connectivity that opened on 15 May.
Agreement between the European Investment Bank and the Czech Strabag a.s.
The European Investment Bank and Strabag a.s. (Czech Republic) have reached an agreement regarding a case of prohibited conduct by Strabag a.s. in the EIB-financed project R4-Mirotice Trebkov, Pisek – reconstruction of the na Bakalarich Site, Phase I.
International Day against Homophobia, Transphobia and Biphobia (IDAHOT 2023)
On 17 May, the European Investment Bank (EIB) Group is observing the International Day Against Homophobia, Transphobia and Biphobia (IDAHOT) taking place during European Diversity Month. This international day with the theme “Together always: united in diversity” highlights the power of solidarity, community and allyship across different identities, movements and borders.
Côte d’Ivoire: Viviane, a young graduate swearing by agriculture to achieve her dreams
Viviane Kakou, who has a master’s degree in geography, didn’t want to spend her career in an office. She chose agriculture out of passion. Thanks to the African Development Bank, her dream of becoming an agricultural entrepreneur is taking shape.
Côte d’Ivoire: Gninlnagnon Koné dreams of supplanting the leading players in food supplements in Côte d’Ivoire with his Chérubins baby formula
Even as a child, Gninlnagnon Koné , a young man from Katiola in north central Côte d’Ivoire, liked to follow his parents, who grew tubers and maize, to their farm.
African Development Bank Group to launch 2023 African Economic Outlook (AEO) Report at the Bank’s Annual Meetings
What: Launch of the 2023 African Economic Outlook (AEO) report
Who: African Development Bank President Akinwumi Adesina; African finance ministers and central bank governors; and international development partners
When: Wednesday, 24 May, 14.00 - 15.30 Egypt time (...
African Development Bank debars Goldsun Investments Company Limited for 24 months for Fraudulent Practices
The African Development Bank Group, on 9 May 2023, announces a 24-month debarment of Goldsun Investments Company Ltd. with effect from 31 January 2023. Goldsun Investments Company Ltd. is a limited liability company registered in the Republic of Kenya.