Abidjan, May 27, 2010 – The AfDB has granted on Thursday, May 27, 2010 a concession worth USD 12.9 million to the Government of Eritrea, after signing an agreement to support the development of national human resources in the area of higher education.
“This contribution from the AfDB, which is part of the African Development Fund (ADF) for the period 2009-2011, is aiming at development of human capital, which is the key to economic growth and reducing poverty, “said Abu-Saba, Director, Agriculture and Agro-industries AfDB.
This kind of support for the higher education sector is the second project the AfDB attaches to Eritrea. It will contribute, according to Mr. Abu-Saba, capacity building of institutions of higher education.
“This project will provide resources for staff development, technical assistance and infrastructure development and lifelong learning,” said Abu Sabaa who hoped that relations between Eritrea and AfDB are both dynamic and successful in that support even more important are granted to countries to help achieve its goals of reducing poverty.
Martha Woldeghiorghis, Treasury Director-General at the Ministry of Finance of Eritrea, for its part has expressed his gratitude to the AfDB and hoped that cooperation between AfDB and the countries are fruitful.
This signature comes within the framework of the AfDB Annual Meetings, held in Abidjan (Côte d’Ivoire).
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