The African Development Bank Group approves a Borrowing Policy to strengthen Debt Sustainability in Low-income Countries

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a new policy that aims to strengthen debt sustainability among low-income African countries. The Board approved the Sustainable Borrowing Policy on 23 February 2022. The new policy primarily targets recipients of the African Development Fund, the concessional window of the Bank Group. The Fund caters to low-income and transitional countries on the continent. The Sustainable Borrowing Policy responds to a changing debt landscape in Africa, especially among the abovementioned countries. In recent years, low-…

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