The current two-year FCL arrangement for Colombia was approved by the IMF’s Executive Board on April 29, 2022 (see Press Release No. 22/135) in an amount equivalent to SDR 7.1557 billion (about US$9.8 billion). The Colombian authorities stated their intention to continue treating the FCL arrangement as precautionary.
IMF Executive Board Approves a US$191.4 million Extended Credit Facility Arrangement with the Central African Republic
Italy announced that it will commit €100 million to the trust fund of the EU for Ukraine Initiative, launched by the European Investment Bank (EIB) in March 2023 to support the reconstruction and recovery in Ukraine.
The government of Tanzania, the African Development Bank, and the French Development Agency (AFD) have signed agreements for two development project loans worth $300 million. The funds will finance the construction of the 87.8-megawatt Kakono Hydropower Plant located in Kagera region in the northern part of...
An impact assessment of Phase 1 of the Last Mile Connectivity Project in Kenya has established a need for the African Development Bank-supported initiative to encourage the productive use of electricity by beneficiaries, in addition to basic household consumption.
In March 2023, the Climate Investment Funds (CIF), the Government of Côte d’Ivoire, and the African Development Bank Group held a four-day event to share knowledge from 15 years of the Fund’s interventions in Africa. The event focused on experiences from the Forest Investment Program and the Pilot Program for...
WHO: African Development Bank, KEIZAI DOYUKAI, United Nations Development Program
WHEN: April 24th 2023; Time: 13:00-15:45(Tokyo), 4:00-6:45 (Abidjan)
WHERE: Hotel Grand Arc Hanzomon and Online (Hybrid event)
The African Development Bank recently hosted a workshop for stakeholders in Kenya’s energy sector to discuss the new Public-Private Partnership Act 2021 and how it can advance the country’s power industry.
Three years after construction began, the Singrobo-Ahouaty hydropower plant project, located some 150 km north of Abidjan, achieved a completion rate of 78.93% as of end-March 2023. This project, which is symbolic of private sector mobilization for climate and green growth, is the first private sector-funded...
The African Development Bank and ILX Management B.V. (ILX) today signed a partnership agreement to scale up investments and spur institutional investor capital mobilization for Sustainable Development Goals and climate-focussed private sector projects in the Bank Group’s regional member countries.
