The Board of Directors of the African Development Bank has approved a line of credit of €70 million and an equity investment of $24 million, to be granted to the West African Development Bank.

The line of credit will support businesses in the West African Economic and Monetary Union, particularly in job-creating sectors such as agribusiness, renewable energy, health and information and telecommunication, which were drastically affected by the Covid-19 pandemic.

For more information, please see https://www.ecofinagency.com/finance/1612-43274-african-development-bank-board-approves-line-of-credit-to-west-african-development-bank