African Development Bank mobilises $8.9bn for low-income African countries
The African Development Fund's partners have agreed to commit a total package of $8.9bn to its 2023 to 2025 financing cycle, the African Development Bank said.
Source: Reuters.
The African Development Fund is the concessional window of the African Development Bank group, providing grants and soft loans to the continent's low-income countries.
The bank said it was the largest replenishment in the history of the African Development Fund.