AfDB Boosts West African Development Bank's Resources

By // 25 February 2011

The African Development Bank has injected a total of €67.05 million ($92.6 million) into the coffers of the West African Development Bank. The package includes €64 million in credit and €3.05 million in equity capital, which will be used to support private sector activities in West Africa, according to an AfDB press release.

Read more development aid news.

About the author

  • Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.

Related Jobs

Most Read

Trending

Social media

Health

Finance

COVID-19

Related Stories

African Development BankDevex

African countries face growing risk of debt defaults, AfDB warns

African Development BankDevex

Interactive: Explore AfDB's funding pipeline

Devex InvestedDevex

Devex Invested: Will COVID-19 drive more funding to African entrepreneurs?

FundingDevex

Beyond grants: Leading private foundations for development finance

Join the Discussion