African Development Bank Group and Equatorial Guinea Sign Financing Agreement
The African Development Bank Group and the Republic of Equatorial Guinea have signed a €58.61 million financing agreement.
The agreement was signed on 30 October 2025 in Bata for the implementation of the first phase of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1).
- The signing marks the Bank's first investment in Equatorial Guinea's human development sectors in 10 years.
- Léandre Bassolé, Director of the African Development Bank for Central Africa, and Pedro Abeso Obiang Eyang, Deputy Minister for Finance and Budget, signed the agreement.
The project aims to promote youth inclusion and employment.
Author's summary: African Development Bank invests in Equatorial Guinea's human development.
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