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…

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