Friday, July 17, 2009

[IWS] AFDB: MOZAMBIQUE, BENIN, & MALAWI COUNTRY PROFILES [Bank Perspective] [16 July 2009]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

African Development Bank (AFDB)

AFRICAN COUNTRY PROFILES [The bank's role in these countries] posted at
AFDB Publications
http://www.afdb.org/en/documents/publications/



Mozambique Country Profile [16 July 2009]
http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/BAD-Mozambique%20anglais%20ok.pdf
[full-text, 52 pages]

[excerpt]
Since the start of its operation in Mozambique in 1977, the Bank has approved 74 operations amounting to approximately US$ 1.6 billion. The Bank Group's active portfolio is composed of 22 operations for a total amount of US$614.33. Our main achievements in Mozambique are mainly dominated by infrastructure (transport, power, water support and sanitation) and agriculture. Many of these projects
have directly assisted beneficiaries in improving their livelihoods and reducing poverty. The Bank has financed two private sector operations, namely Sasol Gas and the mega-project Moma Titanium Mines. These mega-project investments in aluminum smelting, gas and minerals are adding 1.5% a year to GDP growth. The current challenge is to foster the impact of such financed projects in the development of local community.


Benin Country Profile [16 July 2009]
http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/B%C3%A9nin%20MPA%20ENG_B%C3%A9nin%20MPA.pdf
[full-text, 60 pages]

[excerpt]
Since the start of its operations in Benin in 1972 to 31 December, the Bank Group has approved seventy-nine (79) operations of which fifty-three (53) are fully completed. Operations financed by the Bank cover mainly the rural development sector, which represents about 32%of the portfolio's net commitment, as well as the social and transport sectors, which account for 22% and 20% of the resources respectively.


Malawi Country Profile [16 July 2009]
http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/MALAWI%20anglais%202_MALAWI%20anglais.pdf
[full-text, 32 pages]

[excerpt]
The Bank has been supporting the development effort in Malawi since 1969. Since then, commitments worth UA 595.5 million (US $893.2. million), net of cancellations amounting to UA 62.0 million (US $ 93 million), have been made to finance 92 lending and nonlending operations. As of December 2007, the Bank's active commitment amounted to UA 130 million (US $ 203 million). Over the next three years, the Bank will continue to support Malawi to develop and improve its infrastructure (roads, water and sanitation); increase productivity and diversification of the agriculture sector; strengthen human and institutional capacity through improved education and health services; improve the country's connectivity to regional and global markets and the development of the private sector, in particular, Small and Medium Enterprises. The Bank will also continue to support the government's reform programme and the implementation of the Malawi Growth and Development Strategy. An allocation of UA 117.61 million (just under US $ 200 million) has been allocated to Malawi to support these planned programmes during the period 2008 – 2010.

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****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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