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Browsing: AfDB’s Unfunded Risk Participation Agreement (RPA)
- AfDB signs a risk facility worth over $150 million to boost financial inclusion.
- Survey shows risk-supported Commercial Banks in Africa can play a key role in poverty eradication.
- Increased access to capital loans will help lower-income families increase their household earnings
To boost intra-Africa trade in line with the aspirations of the African Continental Free Trade Area (AfCFTA), the African Development Bank Group has approved a $150 million risk facility.
The funding will be through the Trade Finance Unfunded Risk Participation Agreement, a deal which has been entered between the African Development Bank (AfDB) and the Trade & Development Bank (TDB).
Under this agreement, “the AfDB will provide guarantee cover of 50 per cent and up to 75 per cent for transactions in low-income countries and transition states on a risk share basis with TDB to a number of qualifying local and regional banks,” the bank states.
In this first …
