As part of the plan, it will seek to shift development finance to a portfolio-based model from the current project-based setup to attract the almost US$4 trillion of capital held by the region’s pension funds, insurers, sovereign funds and banks, and pull external financing too.
(Feb 24): The African Development Bank is working on a new risk-assessment framework that will help it unlock more capital for investments.
Dubbed the New African Financial Architecture, the platform will look to move the continent’s fragmented financial systems toward a coordinated one that will bolster financial sovereignty and scale infrastructure investments.
