The African Development Bank and the Government of Korea recently signed two agreements for financial support to boost Africa’s development agenda. The value of the financing is $28.6 million.

The funding complements $600 million in co-financing under the Korea-Africa Energy Investment Framework, agreed with the Korean government in 2021. The framework supports African countries to build human capacity and develop their energy sectors.

For more information, please see https://www.ecofinagency.com/public-management/1509-44858-afdb-korea-sign-28-6-million-in-grant-agreements-to-support-africa-s-development