• Short Summary

    The Council of Governors for the African Development Bank, and the African Development Fund have been holding their annual general meeting in the Gabonese capital, Libreville.

  • Description

    1.
    GV PAN: railway train
    0.13

    2.
    GV: delegation boarding train (3 shots)
    0.37

    3.
    CU INTERIOR: train driver
    0.43


    GV TRACKING SHOTS of goods yard
    0.54


    GV: delegation seated in train. (3 shots)
    1.20


    TRACKING SHOT: train passing through open country
    1.26


    Established in September, 1964, under the aegis of the United Nations Economic Commission for Africa, the African Development Bank began operations in July 1966. Its main field of activity is to provide funds for agricultural projects in its member countries as well as providing a financial foundation for general economic growth. Its more recent policy has been geared towards cooperation with the Arab League and participating in the Dakar Declaration and Programme for action on Afro-Arab co-operation.




    Initials RH/2145



    Script is copyright Reuters Limited. All rights reserved

    Background: The Council of Governors for the African Development Bank, and the African Development Fund have been holding their annual general meeting in the Gabonese capital, Libreville. One of the main points to have emerged from their meeting is the need to expand the bank's contact with other international financial institutions. The meeting also produced some new loan agreements with African countries.

    SYNOPSIS: While in Gabon, the various representatives from the African Development Bank's (ADB) 48 member countries travelled on one of Gabon's newest railway trains. The national Gabonese railway has received French aid in the past. On this occasion the driver was a French advisor. The need for there to be more subscriptions from non-African countries was one of the main areas of discussion at this year's meeting. In his opening speech last week, President Bongo spoke of the promising possibilities of financial cooperation between African states and wealthy Arab countries. He also made a point of thanking the United States for their recent contribution of 125 million dollars to the Bank's Central Reserve Fund.

    Also to emerge from this year's meeting was the signing of new loan agreements with less well developed African states. Under the new agreements Rwanda was given a further 2.5 million U.S. dollars in addition to the 5.2 million dollars it has already received for its tea cultivation projects. Burundi received a loan of 965,000 U.S. dollars,assigned to cover the cost of a detailed technical study of a proposed new road scheme. Sao Tome and Principe received 8.6 million U.S. dollars to renew cocoa plantations. And Togo was assigned 6.3 million dollars to help finance a technical education project.

  • Tags

  • Data

    Film ID:
    VLVA728JPWEB5JJBYXSXUT6POZUXU
    Media URN:
    VLVA728JPWEB5JJBYXSXUT6POZUXU
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    06/05/1978
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:28:00
    Time in/Out:
    /
    Canister:
    N/A

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