African Development Bank Group Commits $40 Million to Catalyze the Alliance for Green Infrastructure- Project Development Fund
Cote Dlvoire, Aug. 13 -- The African Development Bank Group has announced $40 million in blended capital to the Alliance for Green Infrastructure in Africa - Project Development Fund, anchoring the Fund's first close of $118 million. This milestone marks a new era towards mobilizing blended capital in project development, to unlock a robust pipeline of investment-ready green infrastructure projects across the continent.The AGIA-PD's strong alliance of development finance institutions, public agencies, philanthropic organizations, and private investors includes KfW (the German development bank), the West African Development Bank (BOAD), the UK's Foreign, Commonwealth & Development Office (FCDO), the Three Cairns Group, and the Soros Economic...
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