A Financing Agreement was promptly signed on Thursday, June 13th, in Equatorial Guinea by the Minister of Development, Investment and International Cooperation, Zied Ladhari and the Vice President for Regional Development in the African Bank Khaled Sherif.
Aiming to properly implement economic reforms and sustainable growth, the loan will be used in the development of mechanisms aimed to support the financial sector and the encouragement of investments. especially in regional areas.
With a grace period of 7 years, the loan agreement of 120 million euros will be amply repaid over 25 years with an effective interest rate of 0.39 %.
Meeting BAB’s President Akinwumi Adesina, Mr Ladhari stressed on the unbreakable bond between the two parties.
Furthermore, the minister met other counterparts in order, to properly discuss possible ways to positively enhance economic and financial cooperation.
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