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AfDB's Development Fund to Enter Capital Markets, Targeting $5 Billion Every 3 Years, Official Says
AfDB's Development Fund to Enter Capital Markets, Targeting $5 Billion Every 3 Years, Official Says
Sputnik Africa
AfDB's Africa Development Fund to Enter Capital Markets, Targeting $5 Billion Every Three Years, Official Says 30.07.2025, Sputnik Africa
2025-07-30T12:42+0200
2025-07-30T12:42+0200
2025-07-30T15:38+0200
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AfDB's Africa Development Fund to Enter Capital Markets, Targeting $5 Billion Every Three Years, Official Says"We have an ambition to go to the capital markets and raise funding, which would help us to diversify the way that we fund ourselves," AfDB's Head of Resource Mobilization Valerie Dabady told a press briefing.Facing donor cuts — including a planned $555 million US reduction — the Africa Development Fund (ADF) is forging a bold new path:The next ADF three-year replenishment cycle begins in November, with initial ambitions to reach $25 billion—though Dabady acknowledged this is unlikely due to funding constraints. The previous cycle raised $8.9 billion. AI-generated image
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AfDB's Development Fund to Enter Capital Markets, Targeting $5 Billion Every 3 Years, Official Says
12:42 30.07.2025 (Updated: 15:38 30.07.2025) AfDB's Africa Development Fund to Enter Capital Markets, Targeting $5 Billion Every Three Years, Official Says
"We have an ambition to go to the capital markets and raise funding, which would help us to diversify the way that we fund ourselves," AfDB's Head of Resource Mobilization Valerie Dabady told a press briefing.
Facing donor cuts — including a planned $555 million US reduction — the Africa Development Fund (ADF) is forging a bold new path:
The current geopolitical shifts have strengthened a push for market borrowing set to begin in 2027;
It is amending the charter to entering capital markets;
The ADF plans to secure a credit rating and issue financial instruments, following the AfDB's model.
The next ADF three-year replenishment cycle begins in November, with initial ambitions to reach $25 billion—though Dabady acknowledged this is unlikely due to funding constraints. The previous cycle raised $8.9 billion.
