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Bank: ADB approves a general increase in required capital

06/06/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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In order to enable the institution to maintain its lending capacity and meet the requirements of a credit rating agency, the Board of Governors of the African Development Bank Group (ADB) has approved a general increase in required capital of $117 billion (88.1 billion units of account

).

The Board of Governors of the ADB Group announced that the approval of the general increase in required capital increases the Bank's authorized capital from 201 billion dollars (152 billion UA) to 318 billion dollars (240 billion UA). Akinwumi Adesina, é Group President of the style="font-family: "Bookman Old Style”, "serif">BAD reported that the exigible suppl mentaire permet de maintenir et de tirer parti de notre puissance de feu, tout en pr Summer

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