The African Development Bank (AfDB) has approved a new borrowing policy to help the poorest African states survive a debt burden and vulnerabilities linked to economic shocks. PHOTO | FILE
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
The African Development Bank (AfDB) has approved a new borrowing policy to help the poorest African states survive a debt burden and vulnerabilities linked to economic shocks.
The Sustainable Borrowing Policy will replace the previous Non-Concessional Debt Accumulation (NCDA) policy, with emphasis on transparency in debt management and coordination and partnership with other multilateral banks.
