Development co-operation

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    The International Monetary Fund (IMF) has predicted stronger economic growth in Ghana this year. The international lender completed its second review of Ghana's extended credit facility, concluding that macro-economic reforms are largely on track. The Fund approved a USD 114.6 million disbursement, part of a USD 918 million assistance package agreed in April 2015. Read on
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    A new agreement between ECOWAS and a Chinese construction conglomerate aims to advance key infrastructure projects, including the Trans-West African Coastal Highway and the Trans-West African Railway. The ECOWAS Commission signed five memoranda of understanding (MoUs) with CGC Overseas Construction Group (CGCOC) during a ceremony on 20 January in Abuja. Read on
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    UEMOA and the Islamic Development Bank (IDB) have agreed to create a USD 100 million fund to support small and medium-sized enterprises (SMEs) in the UEMOA zone. The agreement was signed between the Central Bank of West African States (BCEAO) and the Saudia Arabia based Islamic Corporation for the Development of the Private Sector (ICD), a division of the IDB that focuses on developing private business. Read on
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    The Swiss Development Co-operation places a strong focus on regional integration dynamics and challenges. Working together with professional organisations and think-tanks, the West Africa Division covers five priority countries (Benin, Burkina Faso, Mali, Niger and Chad) and three thematic areas (basic education, vocational education and training; rural development and food security; and local governance and decentralisation). Switzerland is a founding member of the Sahel and West Africa Club. Read on
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    Austria has long-standing experience of working with West Africa. Covering the fifteen ECOWAS member countries, its Regional Strategy for West Africa focuses on three priority areas: 1) Renewable energy; 2) Resilience and local development models; and 3) Securing peace and conflict prevention. Burkina Faso is a priority country with a dedicated field office. Austria is a historic partner of the Sahel and West Africa Club’s work and has become a full member again since 2013. Read on

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