The African Development Bank (ADB), African Development Fund (ADF) and the Norwegian Agency for Development Cooperation (Norad) have signed a technical cooperation agreement. Norad will make available to the bank and fund a grant contribution amounting to Nkr5mn, which is about 500 000 units of account (UA) and equivalent to US$743,000. The grant will be used to support bank group’s interventions in regional member countries (RMCs). Some 40% of the resources provided under this agreement will be used to finance consultancy services of the nationals of the RMCs.
The grant will mainly be used to finance studies, projects cycle activities and other forms of technical assistance.