On the sidelines of the ”Made In Libya” event taking place in Niamey from March 14 to 19, 2023 at the Mahatma Gandhi International Conference Center, which aims to open up new horizons for Libyan products on African markets, the the African Development Bank (AfDB) participated this Friday, March 17, in a meeting with the mission of Libyan investors. The aim is to present to these investors the financial products that are offered by the bank to the public and private sectors.
Through the presentation she made on this occasion, the Principal Program Officer of the AfDB Country Office in Niger, Mrs. Hadja Aminata TIME indicated that the African Development Bank (ADB) ”offers a range of financial products which range from full flexibility lending through concessional lending, guarantee products, trade finance products as well as technical assistance and other special funds”.
In the AfDB’s vision, structural transformation goes through the ”High Five” “which we call the five priority areas which focus on feeding Africa, integrating Africa, industrializing Africa, improving living conditions African people and enlighten Africa”. “This is why our presence here today, with the governments of Niger and Libya, to accompany them in this structural transformation in which we fundamentally believe, and in which the private sector has a key role to play because of its ability to absorb unemployment,” she announced.
The presentation of the Program Officer focused on the cooperation framework and the areas of intervention of the bank, there is also the site of the projects as well as the financing mechanisms.
With regard to the mechanism, Ms. Hadja Aminata recalled that countries have access to three windows of the AfDB Group, which are the AfDB, the African Development Fund (ADF) and the Nigeria Special Fund (NTF), as well as than special funds.