AfDB facility, Netherlands sign €6 million agreement

AfDB facility, Netherlands sign €6 million agreement


TODAY
March 4, 2021
The African Legal Support Facility (ALSF) and the Netherlands’ Ministry for Trade and Development Cooperation have signed a financing agreement of six million euros.
It is to be disbursed over a three-year period.
In a statement by the African Development Bank (AfDB) on Thursday, the ALSF Director, Stephen Karangizi, thanked the Netherlands for its strong support over the years.
He said the funding is to support the ALSF’s work in providing legal and technical services to low-income countries to give them more impact in commercial dealings.
Newsmen report that the ALSF was created by AfDB in 2010 and the facility supports governments in negotiating complex commercial transactions.

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