Cooperation: AfDB and Korea sign grant agreements worth $28.6 million

The African Development Bank and the Government of Korea have signed two financing agreements to boost Africa’s development agenda worth $28.6 million. This amount is in addition to co-financing of $600 million under the Korea-Africa Energy Investment Framework, concluded with the Korean government in 2021. The financing will be disbursed in three tranches of $4.6 million in 2023, $24 million in 2024 and 2025.

Source: Africa News Agency