afrol News, 11 June - The African Development Bank has granted Niger 21 billion CFA francs (almost 30 million euros) for budgetary support in their fight against poverty.

According to a press release from Niger’s Ministry of Economy and Finance of Niger, the support from the Bank, which was negotiated earlier this month, falls within the scope of the implementation of Development Strategy and Poverty Reduction.

"This programme is designed to achieve a particularly high growth, diversified, sustainable, generating jobs and creating a quality of governance,” said the statement.

It further stated that the fund will also focus on strengthening of public finance management and strengthening the decentralization process.

The communiqué stresses that the outcome of negotiations, the Minister of Economy and Finance and the head of the delegation of the African Development Bank signed two memoranda of understanding for which funding will be disbursed in two equal parts of about 10.5 billion CFA francs each (about 15 million euros).

By staff writer

© afrol News

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