African Development Bank opens office in Guinea Bissau

28 September 2006

Bissau, Guinea Bissau, 28 Sept – The African Development Bank (ADB) Thursday opened its permanent office in Guinea Bissau, a country which it has supported with over US$200 million since the 1970s, a spokesperson for the African bank said in Bissau.

Ansumane Mané, head of the ADB office in Bissao said that the bank had supported Guinea Bissau since 1976, and since then had granted the country some US$210 million to carry out several projects.

According to Mané, a former Guinean Foreign Minister, opening the ADB’s office in Bissau would help to increase coordination and execution of projects that were underway.

The ADB currently has an aid package for Guinea Bissau of US$71 million to carry out 12 projects 12 projects, namely the construction of infrastructure in the health, fishing, education and power sectors, and agricultural development as well as boosting the capacity of state services.

For the agricultural sector, for example, the ADB has earmarked US$8.5 million to refurbish the entire productive system over five years, while for the fishing sector, the African bank has already granted US$8 million for the construction of a fishing port in Bissau.

The education sector is the one that has received the largest amount from the ADB, of around US$10 million to train teachers, over a five-year period. (macauhub)