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- 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.