05.27.07

Seychellois executive director at African Development Bank

Posted in International relations, Seychelles banking at 11:42 pm by Robert Klien

The Ministry of Foreign Affairs & International Cooperation has announced that Seychellois Peter Sinon was appointed as executive director of the East Africa Constituency of the African Development Bank (ADB).

Sinon’s election for 2007-2010 took place during the 2007 Annual Meetings of the Boards of Governors of the African Development Bank Group (African Development Bank and the African Development Fund)  which was held in Shanghai, China, on May 16-17, 2007. At the meetings, Seychelles was represented by a delegation led by Patrick Pillay, the Minister for Foreign Affairs & International Cooperation.

Before the appointment, Peter Sinon, High Commissioner of Seychelles to the Republic of South Africa and the Republic of Namibia, had been working as alternate executive director and adviser to the executive director to the ADB Board of Directors, representing the East Africa Constituency.  The East Africa Constituency includes Seychelles, Kenya, Ethiopia, Rwanda, Tanzania, Eritrea and Uganda.

The ADB is a regional multilateral development bank established in 1964 to promote the economic development and social progress of regional member countries in Africa. As Seychelles has high per capita income, it is among the few African countries which can borrow from the African Development Bank.

The Seychelles’ delegation had the privilege to meet in a separate meeting with Daniel Kaberuka, the ADB President, during the annual meetings. The delegation also took the opportunity to meet with such development partners as the Arab Bank for Economic Development in Africa (BADEA), OPEC Fund for International Development (OFID) and the Kuwait Fund.

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