- New deal targets concessional finance for vulnerable African countries
- Focus on innovative, high-impact projects from AgriTech to green energy
ABIDJAN, CÔTE D’IVOIRE – The African Development Bank Group and the OPEC Fund for International Development have strengthened their partnership, opening the door to up to $2bn in new concessional financing for Africa’s most vulnerable economies.
The two institutions signed an amended memorandum of understanding on January 12 in Abidjan, reinforcing a long-standing alliance aimed at scaling development finance through the African Development Fund (ADF), the AfDB Group’s concessional lending window.
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