African Development Bank, French Development Agency sign US$2.3 billion partnership

Directors of the African Development Bank and the French Development Agency (AFD) signed a co-financing partnership worth US$2.3 billion (€2.0 billion) at the Paris Peace Forum held on November 11, 2021, which covers the 2021-2026 period.

The partnership between the two development banks, which started in 2015, will focus on water and sanitation, agriculture, support for the private sector, adaptation to climate change, infrastructure and urban development, governance, human development, and will specifically address fragility in the Sahel region.

According to the joint press release published for the launch of the partnership, the African Development Bank is AFD's fourth-largest financial partner while AFD is the African Development Bank’s largest bilateral financial partner.

Press release - African Development Bank