PBoC launches $2 billion Africa investment fund
China’s central bank to finance ‘larger-sized’ development projects
The People's Bank of China (PBoC) unveiled a $2 billion investment vehicle with the African Development Bank (AfDB) yesterday, in a deal that revolutionises the way China finances projects on the continent.
Charles Boamah, the AfDB Group's chief financial officer, said the Africa Growing Together Fund (AGTF) would be used to finance an additional $200 million in "larger-sized projects" in each of the next 10 years throughout Africa.
Crucially, he explained, the funding will be offered "on
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Central Banks
Moldovan central bank launches digital auto insurance certificate
National Bank of Moldova moves away from paper to encourage take-up and increase security levels
Lebanese authorities press criminal charges against Salameh
Former central bank governor faces investigation over alleged embezzlement
Clash between Yemen’s central banks escalates
Rival central banks issue retaliatory bans on transacting with financial institutions
US fiscal stimulus boosted vehicle price pressures – Fed research
Vehicle sales driven by consumer and small business stimulus, say Fed researchers
Trial opens in Vietnam over alleged multi-billion dollar fraud
Accused include real estate tycoon and 15 former central bank officials
CMU should drive green and digital transitions, says BdF governor
Villeroy de Galhau calls for capital markets union to adopt “higher purpose”