largest ever support for investment and climate action since the EIB began operations in the continent 55 years ago. “We stand ready to cooperate further with African and multilateral partners to tackle both COVID-19 and accelerate the green transition in Africa,” he added.
IFC’s Managing Director Makhtar Diop noted that given the role played by the private sector in financing Africa’s future, this partnership between DFIs is important in creating the “right conditions” to boost private investment in the region. “Ensuring an inclusive and sustainable recovery for people, businesses and economies across Africa in coordination with our development partners, is at the core of IFC’s development mandate today,” Diop said. “We know that the private sector will play a major role in financing Africa’s future by creating millions of jobs that are essential to ensuring sustained economic growth and poverty reduction. We therefore welcome this important partnership and are proud to provide financing and to work with partners to help create the right conditions to bring more private investment to Africa.”
