Co-financing : AfDB and AFD Sign New €2 Billion Partnership Agreement
he African Development Bank Group and the French Development Agency (AFD) have signed a co-financing and partnership agreement to strengthen their relationship and mobilize additional resources for high impact projects in Africa.
The five-year agreement (2021-2026) provides for an indicative €2 billion in co-financing for the first three years.
The existing partnership already covers key sectors such as infrastructure, water and sanitation, agriculture and the private sector.
The new agreement replaces a previous framework agreement signed in November 2015.