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African Development Program: two financing agreements signed between the ADB and Korea

15/09/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Dans le but de stimuler le programme de développement de l' Afrique, la On Wednesday, September 13, 2023, in Busan, the African Development Bank (AfDB) and the Government of Korea signed two agreements of funding in the amount of $28.6 million.

Le financement accordé par les deux partenaires Bad et Corée vient add to a co-financing of $600 million under the Korea-Africa Energy Investment Framework, signed with the Korean government in 2021, helping African countries to strengthen their human capacities and develop their energy sector. The new funding will primarily support energy access, agricultural transformation, and knowledge and capacity building in a number of African countries. The financing will be disbursed in three instalments of $4.6 million in 2023, $24 million in 2024 and 2025 to the African Development Bank Group

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