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Johannesburg, South Africa (ADV) – The African Development Fund Board has approved US $ 149 million to contribute to the development impact by allowing additional financing for private sector projects in low-income countries. returned.
The African Development Bank (ADF) Board of Directors, the concessional window of the African Development Bank Group, has recently approved the Credit Risk Participation by the Private Sector Credit Enhancement Facility. PSF) for seven loans with an accumulated value of 149 million USD.
"These approved operations bring the facility's total portfolio to more than 40% of the target size of US $ 1.5 billion and expand PSF's footprint to 29 countries," said Cécile Ambert, PSF Administrator.
Launched in 2015 by the ADF, the PSF offers credit risk participations in the private sector operations of the African Development Bank in low-income countries and is in the process of building a portfolio of US $ 1.5 billion. exhibitions.
Ambert added, "They fulfill our mandate of contributing to the development impact by allowing additional funding for private sector projects in low-income countries."
The seven operations include senior loans for the renewable energy and agribusiness sectors in Uganda, Sudan and Cameroon, as well as lines of credit to lenders in Liberia and Mali.
The operations were prioritized according to their expected higher development results and in addition; particularly in terms of increased access to electricity, food security and job creation.
© Bur-csa – A.H – N.A / From our regional correspondent Mkhululi Chimoio – African Daily Voice (ADV) – Follow us on twitter : @ADVinfo_eng
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