Fundo Fiduciário de Solidariedade Africana

FAO and Arab Bank for Economic Development in Africa agree to scale-up success and promote Africa Solidarity Trust Fund

09/02/2020

A delegation led by FAO Assistant Director-General for Agriculture and Consumer Protection, Mr Bukar Tijani, visited the Arab Bank for Economic Development in Africa (BADEA) to discuss potential areas of collaboration and partnership. BADEA’s team was led by its Director-General, Dr Sidi Ould Tah. Accompanying Mr Tijani were representatives from FAO’s Resource Mobilization Division, the Food Systems Programme Management Team and Animal Production and Health Division.

In addition to mutual briefings of key updates, FAO and BADEA identified and built on existing joint initiatives and laid the groundwork for long-term partnership plans. Discussions honed in on confirmed engagements, including assessment studies to prepare for large investments in the cotton value chain in Mali - which are anticipated to reach hundreds of millions USD - and the scaling up of an ongoing livestock pilot project to Niger, Mali and Burkina Faso.

The two parties also discussed BADEA’s support to the African Solidarity Trust Fund (ASTF), including a prospect for direct grant contribution, unilateral trust fund and investment to countries. BADEA also agreed to co-finance the organizing of the next ASTF Pledging Round Table in Luanda, Angola in September 2020.

Another key outcome of the meeting was the agreement to develop and sign a new memorandum of understanding (MOU). The MOU will be signed shortly at a date to be determined between the Director-Generals of both Organizations.

About BADEA

The Arab Bank for Economic Development in Africa (BADEA) was established pursuant to the resolution of the 6th Arab Summit Conference at Algiers (28th November 1973). BADEA recently launched its new strategy (2020-2030), which focuses its investments on four pillars: 1) infrastructures; 2) private sector and trade; 3) value chain development; and 4) youth- and women-led small and medium-sized enterprises (SMEs) development.

Compartilhe esta página