March 4

Democratic Democratic Republic of Congo: African Development Bank to Lend $117 Million to Support Agricultural Transformation

Meeting in Abidjan on 14 February 2024, the Board of Directors of the African Development Bank Group approved a loan of $117.9 million to the Democratic Republic of Congo to implement the Project to Support Governance and Skills Development in support of the Agriculture Transformation Programme (PTA).

The financial support comes from the African Development Fund, the Bank Group’s concessional lending window, and includes $78.6 million from the Transition Support Facility – a financing instrument of the Bank aimed at countries in fragile and conflict situations.

Photo courtesy of Julie Larsen Maher ©Wildlife Conservation Society.

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

Agriculture, Investing
skill development