FINANCING – A $25 million transaction guarantee facility for Bank of Africa Madagascar from AfDB

Antananarivo, March 31, 17:00 – The African Development Bank (ADB) announces the approval by its Board of Directors of a Trade Finance Transaction Guarantee Facility for the Bank of Africa (BOA) Madagascar. The amount of the facility granted to it is $25 million, as indicated by this pan-African financial institution. With this support operation, which spreads over a three-year period, the AfDB will facilitate the confirmation of letters of cred…