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Africa: AU Gets N58 MIllion Grants From World Bank
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Leadership (Abuja)
25 July 2008
Posted to the web 25 July 2008
Teddy Nwanunobi
The World Bank has provided the sum of US$487,000, which is about N57.5 million in grant towards strengthening the African Diaspora Program of the African Union.
Towards this, the AU commission and World Bank, have signed an agreement for the provision of the institutional development fund grant by the World Bank.
The program which will help strengthen knowledge sharing and coordination among the AU Mission, the Diaspora and development partners in the Americas, will also help develop a reliable database of the African Diaspora networks and individuals.
It will also help initiate resource mobilization efforts, from the African Diaspora and private Sector in the Americas. Furthermore, it will enhance the capacity of the AU Commission to effectively advocate support for Diaspora in international, bilateral and multilateral institutions as well as in other global dialogues on African Diaspora.
According to Mrs Oby Ezekwesili, the Vice President Africa for World Bank "the African Diaspora constitutes a uniquely potent resource group, critical to resolving the capacity challenges facing the continent".
"Leveraging their huge and diverse talents and effectively connecting them to the continent's development calls for strong commitment on the part of African governments. A strong and capable AU commission can catalyze this commitment and signal that the Diaspora is indeed Africa's sixth region," she added.
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Signing on behalf of the AU, was the deputy chair of its commission, Mr. Erastus Mwencha. Ambassador Amina Salum Ali, head of AU Mission to Washington, DC, was also present at the signing ceremony.
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