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- A Beninese farmer transplanting Nerica rice. The African Development Fund partial credit guarantee will allow Benin to raise funds to invest in sustainable development sectors such as agriculture.
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Benin: African Development Fund to Provide Partial Credit Guarantee to Facilitate Resource Mobilization for Sustainable Development Goals
The partial credit guarantee will enable Benin to raise funds in foreign currency from international investors for expenditures related to meeting SDG targets
The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved a partial credit guarantee to support Benin’s mobilization of financing to meet United Nations Sustainable Development Goals (SDGs) targets. The partial credit guarantee will enable Benin to raise…