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- Operations
- Support Infrastructure Portfolio Growth
Support Infrastructure Portfolio Growth
Regional 1 (Africa)
Borrower | Africa Finance Corporation |
Financing Type | Private Sector & Trade Finance |
Instrument | Private Sector Debt |
Focus Area | Financial |
Approved | 25.06.2020 |
Signed | 21.12.2020 |
Status | Completed |
Loan Administrator | OPEC Fund |
OPEC Fund Contribution (US$m) | 50.00 |
To help finance and build infrastructure needed for Africa’s post-COVID recovery. The proceeds of the 10-year loan to AFC will help address the continent’s infrastructure financing gap. The loan will also support increased financial flows to Africa and contribute to COVID-19 recovery efforts in African economies by freeing up government funds to meet urgent financing needs related to the pandemic.