February 13, 2010

Other news

AfDB raises $1 billion, agrees to 200% general capital increase

The regional governors of the African Development Bank (www.afdb.org) have unanimously backed a bank proposal to increase the general capital. According to a communiqué issued at the end of the 12 February meeting: a “200% increase would allow the Bank to serve client countries and entities within them.” The bank also recently successfully issued a $1 billion bond.