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HomeNewsMali: AfDB-funded projects in Mali estimated at 170.5 billion CFAF

Mali: AfDB-funded projects in Mali estimated at 170.5 billion CFAF

Funded programmes in Mali, totalling 13 projects, are estimated at 170.5 billion CFAF with a global release rate of 61.17%, official sources told PANA at a high-level meeting here Friday.

The sectoral composition of the portfolio includes 48.04% for the rural development sector with five projects, 14.97% for water and sanitation with two projects, 8.2% for a project in the domain of transport, 21.76% for two multi-sectoral projects and 0.42% for two energy projects.

Experts say that the performance of the portfolio is satisfactory with 2.13 on a scale of 3.

AfDB, however, underlined the need to establish in Mali an efficient institutional framework to improve the sustainability of interventions to speed the delivery deadlines.

Presided jointly by the Malian minister of Economy and Finance, Mrs Bouaré Fily Sissoko, and chief economist at the West African AfDB regional department, Ferdinand Bakoup, the meeting was held to take stock of the projects being implemented, draw the lessons from their execution, strengthen dialogue between the government, the national AfDB Office for Mali and the bodies in charge of executing the projects.

It is also aimed at making recommendations to fill the gaps reported.

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