December 12

African Development Fund Provides Grant of $12 Million to Develop the Financial Market and Drive Financial Inclusion in the Democratic Republic of Congo

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a $12 million grant to the Democratic Republic of Congo (DRC) to implement the Financial Sector Development and Inclusion Support Project in the country.

The funding will support financial sector reforms in the country and improve financial inclusion for rural and vulnerable populations – especially women and youth – as well as micro, small and medium-sized enterprises.

Photo courtesy of Russell Watkins/DFID.

Source: African Development Bank Group (link opens in a new window)

financial inclusion, MSMEs, rural development, women entrepreneurs, youth