The European Bank for Reconstruction and Development (EBRD), a multilateral bank that promotes the development of the private sector, recently signed an MoU with the African Development Bank to promote sustainable private sector development in Africa.

The MoU requires both development finance institutions to help catalyze new sources of financing to bridge the $2.5 trillion annual financing gap needed for development in Africa.

For more information, please see https://www.ecofinagency.com/finance/1805-42647-ebrd-partners-with-african-development-bank-to-promote-sustainable-private-sector-development-in-africa