AfDB Raises $11 Billion for Low-Cost Lending Window, No Clarity on US Funding

The African Development Bank has raised about $11 billion for its low cost lending window, strengthening its capacity to support Africa’s poorest countries amid rising debt pressures and tighter global financing conditions. The funding was secured under the bank’s concessional arm, the African Development Fund, as announced by the AfDB in an official statement and reported by Reuters.

The fresh resources will be deployed over the next three years to finance projects in infrastructure, food security, climate resilience and social services across low income member states. AfDB President, Dr Sidi Ould Tah said the replenishment reflects strong confidence from development partners in the bank’s ability to deliver impact, as stated during the fund’s replenishment meeting and cited by the AfDB.

However, there was no immediate confirmation on whether the United States participated in the latest funding round. Reuters noted that Washington has not yet publicly disclosed any commitment, at a time when several multilateral lenders are reassessing donor contributions amid shifting budget priorities in advanced economies.

Development economists say the successful fundraise underscores Africa’s continued reliance on concessional finance even as traditional donors face domestic fiscal constraints. Analysts quoted by Reuters said future replenishments could become more challenging unless major shareholders reaffirm long term commitments to multilateral development financing.

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