African Development Fund Provides Credit Guarantee to Support Green Initiatives in Rwanda
The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives. The project aims to enable Rwanda to raise up to €200 million competitively from international commercial banks to fund various sustainable projects.Ahmed Attout, the Bank Group Acting Director for Financial Sector Development, highlighted the significance of this initiative, stating, "This operation demonstrates how... Read More »