African Development Bank re-launches projects in Guinea Bissau

27 August 2013

The African Development Bank (ABD) plan a partial return to financial projects in Guinea Bissau, which had been suspended since the military coup staged on 12 April, 2012, a bank official said Monday in Bissau.

Toussaint Houeninvo, head of the ADB mission that met with transitional prime minister, Rui de Barros, in Bissau, said that “for existing projects, talks have been re-launched.”

According to Portuguese news agency Lusa, Houeninvo also said that this was not a question of new donations, but rather of re-launching negotiations for projects that were already underway.

Following Monday’s meeting ADB technicians are due to travel to Bissau to look at the current situation of investments supported by the bank and to assess their progress with all the partners involved, from local authorities up to the suppliers for each project.

The African Development Bank is a multinational organisation that aims to support development in Africa. (macauhub)