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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.
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.


Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

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