Japan, AfDB pledge $5bn to support African countries in debt | TheCable

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The Japanese government and the African Development Bank (AfDB) have announced a $5 billion financial cooperation to support Africa’s private sector. The bank made the pledge on Sunday, at the

August 29, 2022 3:41 PM

AfDB said the support was under the fifth phase of the enhanced private sector assistance for Africa initiative from 2023 to 2025. Also speaking at the event, Akihiko Tanaka, president, Japan International Cooperation Agency , said enhancing resilience and promoting human security were critical components of Japan’s support for Africa.“EPSA is an essential element of our partnership with the African Development Bank to tackle social and economic challenges facing the continent. JICA commits to work with EPSA to create a bright and prosperous future,” the statement quoted Tanaka as saying.

 

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