African Development Bank Group Board of Governors approves $117 billion General Callable Capital Increase.

June 11, 2024 AELEX Admin 0 Comments

The Board of Governors of the African Development Bank Group has approved a $117 billion (88.1 billion Units of Account) General Callable Capital Increase for the African Development Bank to preserve its lending capacity and respond to the requirement of a credit agency. The approval increases the Bank’s authorized capital from $201 billion (UA152 billion) to $318 billion (UA240 billion). Read More

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