Tuesday, 27 October 2009

AFRICA: ADB moves to enhance remittance flow to Africa

By Babajide Komolafe

African Developemnt Bank has commenced moves to enhance inflow of remittances from African migrant. Last week Friday, the Bank Group signed an agreement with the French government and the International Fund for Agricultural Development (IFAD) to establish a multilateral Trust Fund to improve African migrant remittances.

The agreement was signed by the ADB President, Donald Kaberuka; the French Immigration, Integration and Cooperative Development Minister, Eric Besson and IFAD’s Director for West and Central Africa, Mohamed Béavogui.Read more

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