AfDB Board of Directors approves borrowing programme for 202

AfDB Board of Directors approves borrowing programme for 2021


AfDB Board of Directors approves borrowing programme for 2021
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The Board of Directors of the African Development Bank (AfDB) has approved the Bank’s 2021 Borrowing Programme for up to US$10.4 billion to be raised from capital markets.
A statement from the bank said the borrowing programme will allow the Bank to raise funds in the debt capital markets in order to help finance its projects and programmes in Africa. The approval was made on December 11, 2020, the statement said.
The statement said AfDB is active in various international capital markets, including the US dollar, Euro, Australian dollar and Pound sterling.

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