African Development Bank and Germany Sign €18.4 million financing agreement in support of NEPAD-IPPF to boost infrastructure project preparation in Africa
Cote Dlvoire, March 18 -- The African Development Bank and Kreditanstalt fur Wiederaufbau (KfW), the German state-owned investment and development bank, have signed an agreement for a contribution of €18.4 million to the NEPAD - Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund.The funding, which brings KfW's contribution to NEPAD-IPPF to $58.14 million, will support the facility's drive to achieve its key priorities including the second Priority Action Plan under the Programme for Infrastructure Development in Africa (PIDA PAP2) through 2030. The New Partnership for Africa's Development Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor Special Fund, hosted by the African Development Bank, is ...
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