SECRETARY GENERAL TO HOST EXECUTIVE DIRECTORS FROM AFRICAN DEVELOPMENT BANK
East African Community
PRESS RELEASE
SECRETARY GENERAL TO HOST EXECUTIVE DIRECTORS FROM AFRICAN DEVELOPMENT BANK
East African Community
Headquarters, Arusha, Tanzania, 1st March, 2017:
The Secretary General of the East African Community, Amb.
Liberat Mfumukeko will host Executive Directors of the African Development Bank (AfDB) on Friday
3rd
March, 2017. The high powered delegation will pay a courtesy call on
the Secretary General and will consist 10 Executive Directors.
The ADB Mission will be in the United Republic of Tanzania from 28th February to 4th
March 2017, as part of the annual agenda of the Board
of Directors of the Bank. The agenda requires Executive Directors to
undertake consultative missions to evaluate the quality of Bank
supported projects in member countries and this year, it was decided
that Tanzania and the EAC Secretariat will be visited.
During
their mission to Tanzania, the Executive Directors will meet with
officials from the Ministry of Finance and other line Ministries,
agencies that are recipients
of Bank support and execute Bank supported projects. They will also
hold consultations with the Governor of the Bank of Tanzania in order to
appreciate the macroeconomic and financial sector developments of the
country.
Since
the Bank works closely with other Development Partners to leverage its
resources, the delegation will also hold consultations with Development
Finance Institutions,
UN agencies and overseas development agencies. In addition, a dialogue
with the private sector will be held to enhance the understanding of the
Executive Directors on the potential role of the private sector in
driving inclusive economic growth and how the
Bank can be positioned to catalyze this function.
At the EAC Headquarters, the
Executive Directors
will discuss the Bank’s collaboration with the Community since the
signing of a cooperation agreement in 1998. The agreement has resulted
in the funding of several regional projects by the Bank, mainly in the
transport and energy sectors.
The following are some of the key projects funded by the Bank over the years:
i) Arusha – Namanga – Athi River road (construction completed in 2012)
ii) Arusha – Holili/Taveta – Voi road (Kenyan side completed, construction on Tanzanian side ongoing)
iii) Malindi – Lunga Lunga / Tanga – Bagamoyo road (studies completed)
iv) Nyakanazi – Manyovu / Rumonge – Bujumbura road (studies ongoing)
v) Lusahunga – Rusumo / Kayonza – Kigali road (studies ongoing)
vi) Formulation of the EAC Transport Strategy (2012), and
vii) The EAC Railways Master Plan (2009) and EAC Railways Sector Enhancement project (2016).
It
is expected that EAC and the AfDB delegation will review the
performance of Bank supported projects and discuss ways of addressing
any challenges that may
have hindered their smooth implementation.
The
two institutions will also discuss the prospects for future
collaboration in the existing portfolios and possible expansion of scope
of cooperation in other
sectors.
Note to editors:
The African Development Bank was founded in 1964 and has three constituent Institutions namely;
The African Development Bank (ADB),
The African Development Fund (ADF) and
The Nigeria Trust Fund (NTF). Its shareholders comprise
54 African countries (regional member countries) and
27 non-African countries (non-regional member countries). The AfDB mission is to promote sustainable economic growth and reduce poverty in Africa.
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