African Development Bank Group Approves Second Partial Credit Guarantee to Support Green Projects
Cote Dlvoire, June 27 -- The Board of Directors of the African Development Bank Group has approved a second partial credit guarantee to help Cote d'Ivoire raise funds for strategic green and social projects. This risk-sharing instrument will enable the country to access competitive financing from international commercial banks, including funding in local currency. The transaction builds on a successful €533 million Bank-guaranteed facility completed in 2023.Cote d'Ivoire continues to show economic resilience and improved credit ratings. The West African country is committed to increasing revenue mobilization while ensuring prudent debt management.The guarantee allows Cote d'Ivoire to diversify its funding sources and secure longer-ter...
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