WADB provides funding for several infrastructure projects in Africa
4 April 2011
Thursday, March 31: The West African Development Bank (WADB) has approved eleven infrastructure projects with a total value of 185 million dollars.
The main ones are the project to construct an international airport at Diass in Senegal and the electrical interconnection line in Benin.
"We have almost attained 36 percent of our activity program for the year, which is well above the 25 percent reference point for the first quarter", explained Christian Adovelande, president of the WADB, to journalists from the Xinhua press agency.
Earlier this month, he said the Ivory Coast crisis would have a "minimal impact"on the activities of the financial institution, reports the news website Afriscoop.net.
He said that the WADB has no great concerns, but must nevertheless give some thought to the repayment of the funding provided for projects, in case the political crisis affecting the country gets worse.