December 13, 2024
Italy and African Development Bank sign 0 million co-financing deal #ItalyFinance

Italy and African Development Bank sign $420 million co-financing deal #ItalyFinance

Financial Insights That Matter

RABAT (Reuters) – Italian state lender CDP and the African Development Bank (AfDB) signed on Thursday a co-financing deal worth 400 million euros ($420 million) to promote climate finance, sustainable farming, education and technical assistance, AfDB’s vice president for finance Hassatou Diop N’Sele said.

The deal, signed during the AfDB’s Africa Investment Forum in Rabat, is part of Italy’s 6 billion euro Mattei plan to boost African development, she said.

“We want to mobilize capital across Africa using African funds basically accelerating equity,” Paolo Lombardo head of CDP’s international cooperation and development finance director said at the signing ceremony.

($1 = 0.9494 euros)

(Reporting by Ahmed Eljechtimi; Editing by Mark Potter)

#1a73e8;">Boost Your Financial Knowledge and Achieve Stability

Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.

#1a73e8;">Top Financial Tips for Saving and Investing

  • Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
  • Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
  • Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.

Leave a Reply

Your email address will not be published. Required fields are marked *