The French Fund for Aid and Co-operation (FAC) has granted the Ivory Coast a 304,750,000 C.
GV Treasury building
SV M. Abdoulaye Kone arrives and shakes hands with officials
SV Delegates seated at table as M. Kone signs agreement (3 shots)
SV Sound recordist
SV Kone speaking then sits (2 shots)
Initials BB/0020 MF/PN/BB/0030
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Background: The French Fund for Aid and Co-operation (FAC) has granted the Ivory Coast a 304,750,000 C.F.A. france (GBP672,7???7 sterling) non-repayable loan fore development in the spheres of communications and private enterprise.
194,750,000 C.F.A. francs (GBP249,911 sterling) will be spent on professional training for radio and television personnel and 110,000,000 C.F.A. francs (GBP242,825 sterling) will go to providing employment for technical assistants in the office promoting private enterprise in the Ivory Coast.
The loan documents were signed for the Ivory Coast in Abidjan on Thursday (18 March) by the Budget Minister, Monsieur Abdoulaye Kone. Monsieur Jean-Baptiste Merimee, head of the F.A.C. permanent mission in Abidjan, signed for the F.A.C.
SYNOPSIS: The Treasury building in Abidjan was the location for the singing of an important loan agreement between the Ivory Coast and the French Fund for Aid and Co-operation on Thursday. The non-returnable loan was made by the Fund for development in communications and private enterprise.
The Ivory Coast Budget Minister, Monsieur Abdoulaye Kone, signed the loan agreement for his country. The head of the Fund's permanent mission in Abidjan, Monsieur Jean-Baptiste Merimee, signed for his organisation.
The loan will provide over 400 thousand pounds sterling for the professional training of radio and television personnel and about 200 thousand pounds towards providing employment for technical assistants in the office promoting private enterprise in the Ivory Coast. After the loan was signed Monsieur Merimee said that it will further the friendship and co-operation that exists between France and the Ivory Coast.