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Loans for Mauritania, Chad

    BANGUI
    The African Development Fund has approved a loan of Units of Accounts (UA) 17.30 million and a grant of UA 3.06 million to finance a rural development project in Chad, the African Development Bank (ADB)announced yesterday. The UA 20.36-million package is equivalent to US $ 27.8 million. The Fund has also approved a US $ 13.8-million loan that will finance a health and social welfare project in Mauritania, the ADB announced. The main aim of the project in Mauritania is “to improve social well-being and the state of health” . It will seek to boost the “effectiveness of the fight against illness and promote social action,” the ADB said in a communique. The project in Chad is aimed mainly at increasing food and livestock production and improving general living conditions. The total value of the ADB’s operations in Mauritania and Chad since 1974 amounts to US $ 321 million and US $ 365.5 million respectively.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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