The GCI will ensure financing for low and middle income countries
The next stage in the final adoption of the AfDB General Capital Increase will take place in Abidjan during the institutions’ Annual Meetings scheduled to take place from May 27-28, 2010. AfDB Governors are expected to approve a proposal by the Governors Consultative Committee for a 200% capital increase.
But what do additional resources for the AfDB mean and what will they be used for? Additional resources will enable the AfDB to continue lending to middle income countries, but to also finance more projects in low income countries. Similarly, middle income countries will continue to modernize their infrastructure, their transport systems and reform their institutions as well as work towards greater integration with their neighbors.