The Board of Directors of the African Development Bank has validated the 2022 African Fertilizer Financing Mechanism (AFFM) Annual Report. As of 31 December 2022, the Facility had received contributions of $23.96 million out of total commitments of $31.82 million, or 75.3% of what has been pledged. AFFM had allocated $11.42 million to ongoing or completed programmes and had a balance of $12.54 million for future projects.
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