- AfDB concessional arm seeks $1bn via first-ever bond sale
- Donor shortfalls force rethink of Africa’s poorest financing
ABIDJAN, COTE D’IVOIRE – The concessional arm of the African Development Bank Group is preparing to raise about $1bn on capital markets as shrinking donor support forces a rethink of how Africa’s poorest countries are financed.
People familiar with the plans say the African Development Fund is seeking a credit rating and laying the groundwork for a debut bond issuance within two years, marking a major shift in how the fund raises money.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
