currently investing billions of dollar investment on various projects, APA learns at the Saudi-East African exhibition.
The Bank is currently supporting various African countries in the area of infrastructure, health and other development activities.
IDB president Dr. Ahmad Muhammad Ali was speaking at the Saudi-East African exhibition opened late on Nov 14th, 2009 in Addis Ababa, Ethiopia in the presence of Saudi and East African business companies.
The exhibition is part of the Saudi-East African Forum, scheduled to be held on Nov 15th, 2009 in Addis Ababa in the presence of officials from both sides.
Muhammad said that the bank is currently supporting 27 African countries in their development activities as part of its partnership with Africa.
He indicated that the bank will continue its partnership with the continent to strengthen Africa’s socio and economic performance.
Muhammad indicated that the bank will support Africa in achieving the Millennium Development Goals-MDGs-.
“The low will continue its partnership with Africa where it is currently active in 27 countries of the continent. Low income countries will be given high priorities,” said Muhammad.
He said that there is a need to upgrade the quality of infrastructure and food security issues in Africa.
According to him, the bank invested around US$ 10 billion to support various countries in Africa since its inception in 1975.
source : ana