(Left) Dr. Akinwumi Adesina, President of the African Development Bank and Odile Renaud-Basso, President, European Bank for Reconstruction and Development (Right).

AfDB, European Bank for Reconstruction and Development sign MoU

On May 17, 2021

The African Development Bank (AfDB) has signed a Memorandum of Understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) to promote sustainable development in the private sector in Africa.

The European Bank for Reconstruction and Development (EBRD) is an international financial institution. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies.

African Development Bank President @akin_adesina and @EBRD President @OdileRenaud sign MOU to promote sustainable private sector development in #Africa. pic.twitter.com/UoUhnkC0Ap

— African Development Bank Group (@AfDB_Group) May 17, 2021

The signing of the MoU took place in Paris, France.

Amaka E. Nliam

Africa's Private Sector African Development Bank (AfDB)MoU The European Bank for Reconstruction and Development (EBRD)