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African Development Fund: Japan, African Development Bank Group, sign JPY 73.6 billion loan agreement
The concessional donor loan will support the 15th replenishment of the African Development Fund, approved in December 2019 by ADF donor countries
ABIDJAN, Ivory Coast, February 18, 2021/APO Group/
The Japan International Cooperation Agency (JICA) and the African Development Fund (ADF) – the concessional arm of the African Development Bank Group (www.AfDB.org) – on Tuesday signed a loan agreement of 73.6 billion Japanese yen ($668.1 million) to support the 15
th replenishment of the African Development Fund (ADF-15).
During a virtual ceremony, African Development Bank Group President Dr. Akinwumi A. Adesina and Japanese Ambassador to Côte d’Ivoire Kuramitsu Hideaki signed an Exchange of Notes, while the loan agreement was signed by the JICA Chief Representative in Côte d’Ivoire, Fujino Kojiro, and Acting African Development Bank Group Senior Vice President Swazi Tsh