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- African Development Bank Group and JICA sign landmark 51.67 billion Japanese yen (US$421 million) concessional donor loan to boost the African Development Fund. Japan, October 2024
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Japan boosts African Development Fund with Japanese yen (JPY) 51.67 billion concessional loan
Additional resources to drive much-needed development in Africa's least-developed and fragile countries
The African Development Bank Group (www.AfDB.org) and the Japan International Cooperation Agency (JICA) have signed a landmark 51.67 billion Japanese yen (US$421 million) concessional donor loan (CDL) agreement towards the African Development Fund. The loan, pledged by the Japanese government at the 16th general replenishment of the resources of the…