African Development Bank Group and Equatorial Guinea Sign Financing Agreement
The African Development Bank Group and the Republic of Equatorial Guinea signed a €58.61 million financing agreement on 30 October 2025 in Bata.
The agreement is for the implementation of the first phase of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1).
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.
This marks the Bank's first investment in the country's human development sectors for 10 years.
No specific quote available in the text.
Author's summary: Africa develops human capital.
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