{"id":21195,"date":"2025-12-17T06:58:08","date_gmt":"2025-12-17T04:58:08","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/afdb-raises-11-bln-for-low-cost-lending-window-no-word-on-us-funding\/"},"modified":"2026-02-27T16:32:19","modified_gmt":"2026-02-27T14:32:19","slug":"afdb-raises-11-bln-for-low-cost-lending-window-no-word-on-us-funding","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/afdb-raises-11-bln-for-low-cost-lending-window-no-word-on-us-funding\/","title":{"rendered":"AfDB raises $11 bln for low-cost lending window, no word on US funding"},"content":{"rendered":"
The African Development Bank (AfDB) raised $11 billion for its fund that lends money to low-income countries on favourable terms, it said on Tuesday, surpassing the previous replenishment round’s figure but falling short of its initial target.<\/div>\n
\nOfficials at AfDB had initially aimed to raise $25 billion for the African Development Fund (ADF), which is replenished every three years, after raising $8.9 billion in 2022.<\/div>\n
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The AfDB, Africa’s biggest development lender, made the announcement after a two-day donor pledging conference in London, which was overshadowed by waning United States (US) engagement.<\/div>\n
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“In one of the most difficult global environments for development finance, our partners chose ambition over retrenchment, and investment over inertia,” Sidi Ould Tah, AfDB’s president, said in a statement.<\/div>\n
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Some 19 African nations, including Kenya, Zambia and Ivory Coast, made their first ever contributions to the fund, AfDB said, with African member states of the bank pledging $182.7 million.<\/div>\n
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The AfDB’s statement did not disclose whether the US pledged any funding. The US government has not commented.<\/div>\n
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The US President’s Donald Trump administration pulled a $197 million funding tranche for the ADF in May, casting doubts about US commitment in future fundraising.<\/div>\n
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The ADF has provided $45 billion to 37 low-income African countries since 1972, financing irrigation, roads and electricity projects.<\/div>\n
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Unlike the AfDB’s main lending window, which carries higher interest rates and stricter conditions, the ADF offers grants and concessional loans with repayment periods exceeding 20 years.<\/div>\n
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Its role has grown as heavy debt burdens, shrinking aid and tighter global capital markets limit governments’ access to finance.<\/div>\n
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The funds raised from the donor conference, which was co-hosted by Britain and Ghana, came from a total of 43 partners, the lender said.<\/div>\n
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The Arab Bank for Economic Development in Africa pledged $800 million, AfDB said, while the OPEC Fund for International Development pledged $2 billion.<\/div>\n
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AfDB has been seeking contributors to the fund after the US pullback, cultivating new donor states, reviewing its charter to allow for the raising of $5 billion of seed funding from capital markets each cycle, and tapping philanthropic organisations.<\/div>\n
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–Reuters–<\/div>\n","protected":false},"featured_media":21196,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-21195","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The ADF has provided $45 billion to 37 low-income African countries since 1972.","published_date":null,"news_description":"The ADF has provided $45 billion to 37 low-income African countries since 1972.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21195\/revisions"}],"predecessor-version":[{"id":24957,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21195\/revisions\/24957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/21196"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=21195"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=21195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}