Massive Capital Hike for AfDB

The regional governors of the African Development Bank have approved the proposed 200 percent capital increase to support the bank’s activities across “the spectrum of our countries, middle income, low income and fragile states.” The supplementary sum will also be used to address the impacts of climate change.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.