Friday, April 23, 2010

200% Capital Increase Recommended for the Bank

A committee of Governors representing the African Development Bank (AfDB)'s shareholders endorsed a tripling of the Bank’s capital resources to nearly USD 100 billion. This substantial increase will allow the AfDB to sustain a higher level of lending, which means the Bank can increase lending to low income countries especially for private sector transactions given the increased demand. Click here to read more.