07.23.07

ADB to assist projects in Seychelles

Posted in International Organisations, International relations at 1:07 pm by Robert Klien

The African Development Bank (ADB) has recently announced that it is looking to assist identified projects in the Seychelles through grants. This was announced On July 17, 2007 by the regional director of the bank for East and Central Africa, Peter Sinon after he visited President James Michel and Vice-President Joseph Belmont.

According to Sinon, there are some 7 identified projects which are important to be prioritise. Sinon also named the Seychelles Water Master Plan through which the bank will finance from its multi-million dollar African Water Facility in a way of a grant. Initiated by the Africa Water Task Force, the African Water Facility is supported by Economic Commission for Africa. It is led by the African Ministers Council on Water (AMCOW) in order to mobilise and apply resources for water in Africa.

Sinon talked with the President about how the bank can reengage with the Seychelles after it clears its loan arrears. He also said that the Seychelles is developing fast and asked the ADB President Dr Donald Kaberuka to pay a visit to the Seychelles during a trip to Uganda. According to him, “Seychelles is in a very dynamic phase of development”, so it is important to encourage more Seychellois to take part in and benefit from the ongoing big projects.

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