19 February 2013

France Engaged in AfDB Legal Support Facility

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Pascal Canfin, Deputy Minister in charge of Development in France, signed on February 11, 2013, an agreement concerning the membership of France to the African Legal Support Facility of the African Development Bank. This agreement brings the number to 50 signatories. Thus, France becomes the fifth non-regional member country to join the ALSF after the United Kingdom, the Netherlands, Belgium and Brazil .

The signing ceremony took place during the Paris visit of Lucien Marie Noël Bembamba, Chairman of the Governance Council and Minister of Finance of Burkina Faso, and Stephen Karangizi, Director of the ALSF.

The agreement seeks to further strengthen cooperation between France and the ALSF. It was signed after the important French Government contribution to the ALSF in December 2012, amounting to US $5 million in addition to the sum of 328,156 euros already granted through the Trust Fund administered by the African Development Fund.

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