African Development Bank Group’s directors have authorized a partial credit guarantee PCG of EUR 200 million.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Board of Directors of the African Development Bank Group has approved a EUR 200 million partial credit guarantee (PCG) to support Togo’s inaugural sustainable financing to implement green and social projects.

The Partial Credit Guarantee for Mobilisation of Sustainable Financing for Togo project – supported through the African Development Fund, the Bank Group’s concessional lending arm – will enable the government to raise sustainable financing competitively from international commercial banks, diversifying its funding sources and lengthening its maturity profile.

Source: newsthemegh.com