African Development Bank Tender

Status - Implementation Budget spend to date 11821210 10. 76Project budget 109890592Sector groups as a percentage of project budget Sectors not specified 100. 0Benefitting countryregion Developing countries unspecifiedThe gci vii will take the afdbs lending capacity from 5. 5bn per year in 2020 to over 13bn in 2030 averaging 7. 7bn per year across the decade. The bank uses its shareholders capital to lend to credit worthy middle-income countries at near market rates also supporting loans and investments in the private sector. The uk will purchase new shares to maintain its 1. 72 shareholding paying in 95m over 8 years from 2020. Within this funding block there is a 15m provision for the purchase of additional shares should the opportunity arise. This would increase the uks shareholding and would be subject to ministerial approval and budgetary considerations at the time.