Africa Finance Corporation Launches US$2bn Facility to Support Economic Recovery & Resilience in Africa

Africa Finance Corporation Launches USbn Facility to Support Economic Recovery & Resilience in Africa

ABUJA, Nigeria–(BUSINESS WIRE/AETOSWire)– In response to economic challenges created by the global pandemic and the Russia-Ukraine conflict, Africa Finance Corporation (AFC) is launching a US$2billion facility to support recovery and resilience in Africa. AFC has committed to funding up to 50% of the new African Economic Resilience Facility and mobilising the remainder through the Corporation’s network of international partners and investors. The facility will be announced at the AFC Live Infrastructure Solutions Summit today. The facility will be disbursed through loans from AFC to selected commercial banks, regional development banks and central…