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African Development Fund
AfDB to elect new president amid looming $555m funding cut from the U.S
The African Development Bank (AfDB) will elect a new president this week during its annual summit in Abidjan, Ivory Coast, as it faces a major funding cut from the United States. The U.S. government plans to reduce its support by $555 million, affecting the African Development Fund (ADF), the bank’s concessional arm that offers low-cost…
