ABIDJAN (Reuters) – The African Development Fund’s partners have agreed to commit a total package of $8.9 billion to its 2023 to 2025 financing cycle, the African Development Bank said in a statement on Tuesday.
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.
(Reporting by Ange Aboa; Writing by Sofia Christensen; Editing by Alexander Winning)
