Logo

Logo

# Business

AfDB releases 511 million USD to finance government programmes in Niger

The African Development Bank (AfDB) released about 511 million US dollars to finance four government programmes in Niger, an AfDB official said Sunday.

IANS | New Delhi | November 12, 2024 1:54 pm

AfDB releases 511 million USD to finance government programmes in Niger

AfDB releases 511 million USD to finance government programmes in Niger

The African Development Bank (AfDB) released about 511 million US dollars to finance four government programmes in Niger, an AfDB official said Sunday.

The first targetted programme is a 284.96-million-US dollars budget support for basic services, Lamin Barroco, Director General of the AfDB’s West Africa region, said at a meeting in Niamey with members of the Nigerien government.

Advertisement

The second financing package, estimated at 119.84 million dollars, will support a project to strengthen the supply of drinking water and sanitation to the towns of Zinder and Mirriah and surrounding villages, he said.

Advertisement

Barroco added that the other two financing projects are the Integrated Programme for Promoting Youth Agripreneurship in Niger (93.21 million dollars) and the African Disaster Risks Financing Programme in Niger (13.31 million dollars).

Advertisement

Related posts

# Opinion

Rupee Resilience

The Indian rupee’s stability, despite external pressures from weak Asian currencies and rising US bond yields, highlights a nuanced approach by the Reserve Bank of India (RBI) in managing the currency.

# Opinion

Rupee Slides

The Indian rupee’s slide to a record low against the US dollar underscores the complex interplay of domestic and global economic factors that influence currency valuation.