AfDB Unit Hopes to Tap Capital Markets From 2027 as US Slashes Support

AfDB unit hopes to tap capital markets from 2027 as US slashes support

Trump’s administration wants to cut $555m to the AfDB’s main development facility, the African Development Fund

AfDB's African Development Fund hopes to start tapping capital markets in 2027

Source: Reuters.The African Development Bank arm lending to low-income countries will start raising $5bn from capital markets every three years from 2027, a senior bank official said on Tuesday, 29 July 2025 as donor countries such as the United States cut support. Read more...

African Development Fund to tap markets amid shrinking donor aid

The African Development Fund (ADF) plans to raise $5 billion from global capital markets every three years starting in 2027. This strategic shift comes as traditional donor support, particularly from the United States, faces sharp reductions, threatening the fund’s replenishment goals. Since its creation in 1972, the ADF has disbursed $45 billion in concessional loans to 37 of Africa’s lowest-income nations. The United States remains the fund’s …