The AfDB signed three grant agreements with the Malian authorities. The agreements include a €3.5 million grant from the Transition Assistance Facility (TAF), a €2 million grant from the European Union’s Investment Facility for Africa (Pagoda), and a €5.4 million grant from the African Development Fund (ADF).
According to the Abidjan-based bank, these amounts will be injected into the treatment and sustainable management of 100,000 hectares of degraded land to reduce the silting process of the Niger River.
The financial boost will also contribute to the construction and rehabilitation of multipurpose hydraulic structures to mobilize about 75 million cubic meters of water per year for agro-pastoral activities and facilitate access to resilient technologies for 100,000 producers.
The AfDB’s funds will provide sustainable financing for ecosystem conservation and climate change adaptation actions for the people of the Niger River Basin, said AfDB Representative in Mali, Haly Louise Djoussou-Lorng.
She said the Bank will continue support the Malian government’s development efforts as expressed in the Program for Integrated Development and Adaptation to Climate Change (PIDACC) in the Niger River Basin.