African the Board of Directors of the African Development Bank Group has approved a $5.94 million grant to the Comoros to support financial governance reforms and enhance electricity supply in the country. The funding, approved on 19 July 2024, will enhance the Energy Sector Reform and Financial Governance Support Programme. It will be financed from the Transition Support Facility, an African Development Bank Group funding mechanism designed for countries in transition. In addition to the grant, the Programme has secured contributions from strategic partners, including the World Bank Group, the International Monetary Fund, the Agence française de développement and the European Union..Read More |
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