Zambia’s ECF Arrangement is for a total of SDR 978.2 million (100 percent of quota) or about US$1.3 billion at the time of program approval on August 31, 2022 (see Press Release 22/297). It seeks to support Zambia’s homegrown economic reform plan that seeks to restore macroeconomic stability and foster higher, more resilient, and more inclusive growth.

Press Briefing by Julie Kozack, Director, Communications Department – July 13, 2023 at 9:30 a.m.

“Following a strong recovery of almost 12 percent growth in 2021, Botswana‘s economy grew by 5.8 percent in 2022, significantly above the long-run average of 4 percent. The recovery from the pandemic primarily reflects elevated mining production, but also robust manufacturing and construction. After peaking at 14.6 percent in August 2022, inflation has fallen gradually to 4.6 percent in June 2023, with lower oil prices delivering a steep decline in transport inflation. This has helped return inflation to the Bank of Botswana’s medium-term objective range of 3 - 6 percent.

From 3 to 8 July 2023, the EIB Group joined the celebration of Luxembourg Pride Week, organising a series of events to engage with its staff and foster inclusion. To mark the week and show the Group’s commitment to protecting and promoting the rights of LGBTIQ people worldwide, The Chair, the monumental artwork located outside EIB headquarters in Luxembourg, was lit up in rainbow colours for a few hours at night.

 AfDB President Akinwumi Adesina (3rd left), Togolese President Faure Gnassingbé (4th left) at Africa50 Infra Forum and General Shareholders Meeting in Lomé
 

Your Excellency Faure Gnassingbé, President of the Republic of Togo
Your Excellency, Prime Minister Victoire Tomegah Dogbé
Honorable Ministers, especially Sani Yaya, Minister of Economy and Finance
Alain Ebobissé, CEO of Africa50
Members of the Boards of Directors of Africa50
Shareholders of Africa50
Partners of...

 Delegates in a group photo after the meeting
 

 African Development Bank financing will enable the Beninese authorities to improve rainwater drainage in the cities of Porto-Novo, Ouidah, Bohicon and Abomey.