Besides the co-arrangers, Standard Bank and the East and Southern African Trade and Development Bank, known as the PTA Bank, five other banks have participated in this loan, including two Kenyan banks, Kenya Commercial Bank and Cooperative Bank of Kenya. I note that three Mauritian banks are also participating in the financing, namely State Bank of Mauritius, Mauritius Commercial Bank and AfrAsia Bank.
It has helped the EU respond to major changes, including the fall of dictatorships and the collapse of communism, bringing stability and solidarity among its members. Economically, enlargement has helped to increase prosperity and competitiveness, enabling the enlarged Union to respond better to the challenges of globalization.