The African Development Bank Group unlocks additional resources for low-income countries, as its Governors approve the Bank Management’s request to leverage the equity of the African Development Fund at the African Development Bank Group’s Annual Meetings in Sharm El-Sheikh last month.
The African Development Fund could raise an additional USD 4 billion or even more every three years for least developed African economies, just as private sector funding mobilisation for climate and green growth is needed more than ever. The African Development Bank Group again shows how financing for development can be maximised through “creative solutions” in the capital markets.
Lion’s Head Global Partners is proud to have served as the financial adviser to the African Development Bank in this important initiative for the continent.
To read full article: African Development Bank Group to unlock significant additional resources for low income countries—Adesina | African Development Bank Group – Making a Difference (afdb.org)
