African Development Bank Group to unlock significant additional resources for low-income countries—Adesina

May 31, 2023 AELEX Admin 0 Comments

The Board of Governors of the African Development Bank Group has approved management’s request to leverage the equity of the African Development Fund, to mobilize more resources on the capital markets. The Fund is the Bank’s concessional lending window.

“When fully implemented, the Bank Group could unlock up to $27 billion to help low-income and fragile states,” Bank Group president Dr. Akinwumi Adesina said on Friday.


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