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10 November 2010: ECA signs funding agreement with Sweden for 2010-2012 Business Plan

[Dateline: Addis Ababa | Author: Economic Commission for Africa]

The Economic Commission for Africa  (ECA) has signed a funding agreement of up to $16 million from the Government of Sweden through the Swedish International Development Cooperation Agency (SIDA).

The Swedish contribution will go towards supporting the implementation and monitoring of the ECA Business Plan for 2010-2012, which will be channelled to a pooled Trust Fund in accordance with the procedures set out in a Joint Financing Arrangement.

The funding is in fulfillment of an agreement between ECA and a pool of funding partners under the rubric of the Joint Financing Arrangement, agreed on 12 July 2010.

At the signing ceremony held at the ECA Headquarters in Addis Ababa, the Swedish Ambassador to Ethiopia, Jens Orlander, said that the Government of Sweden believed in the role of ECA as a true partner on the African development playing field and was thus pleased to support the programme of work as contained in the Business Plan. “There is a lot more that needs to be done and SIDA is pleased to contribute to the efforts of making your work more effective,” he said.

For his part, Under-Secretary-General and ECA’s Executive Secretary Abdoulie Janneh expressed his gratitude to the Government of Sweden and SIDA for the partnership and continued support, which he said was in congruence with the huge challenges the continent is facing. He expressed his assurance that ECA would do its utmost to implement the Business Plan as programmed.