ADF approves US$138m crisis budget for four Southern Africa countries

SOUTHERN AFRICA – The Board of Directors of the African Development Fund (ADF) has approved a UA100.4 million (US$138 million) crisis budget support package to four southern African countries – Malawi, Madagascar, Mozambique and São Tomé & Príncipe, in the wake of the COVID-19 pandemic. The programme is financed through African Development Fund resources, the concessional window targeting low income countries, and was made possible by the robust backing of Bank shareholders to its 15th replenishment, which came into effect this month. The package will support the national actions of…

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