Funds pledged for Mali reconstruction

By Sarah Ann McCay20 May 2013

Two international development banks pledged finance of up to US$ 665 million to Mali during an international conference for the reconstruction of Mali hosted by France and the EU, which took place in Brussels on 15th May, 2013.

The African Development Bank Group (AfDB) is to make € 240 million (US$ 308 million) available to support the country's government budget and strengthening basic services that have fallen into disrepair.

The AfDB will also provide € 56 million (US$ 72 million) in funding for a drinking water supply project in Mali’s capital city of Bamako. AfDB has also pledged € 35 million (US$ 45 million) towards agriculture and food security in the regions of Koulikoro, Sikasso and Ségou.

Meanwhile, the Islamic Development Bank (IDB) will contribute US$ 250 million for the development of the Republic of Mali.

During the EU meeting, a financial commitment and pledges of € 3.25 billion (US$ 4.17 billion) were made, out of the € 4.343 billion (US$ 5.6 billion) budget needed to implement the Plan for the Sustainable Recovery of Mali, presented by the government of Mali.

Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
COMMENT: Are we at the beginning of a golden decade in German construction?
Peter Gerstmann, chairman of the board of management of the Zeppelin Group discusses growing opportunities for the German construction sector
Can hydrogen engines turn construction green?
Hydrogen combustion engines move to centre stage as construction aims for zero emissions
How electrification is heating up race to meet emissions targets
The move to electric-driven access equipment seems inevitable but the journey is not necessarily straightforward.
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail:
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: