Multilateral Development Banks (MDBs) and the International Monetary Fund (IMF) hailed the adoption of a sustainable development agenda for the next generation and are fully committed to stepping up their support to ensure its success. 

The African Development Bank (AfDB) Group has approved a combined US $30 million soft loan to Benin, Côte d'Ivoire and Ethiopia to be utilized for membership subscriptions in the African Trade Insurance Agency (ATI). This is a critical step and a prerequisite for ATI to commence its operations within these countries. Under the approvals, Benin and Ethiopia will each receive US $7.50 million, whilst Côte d'Ivoire will receive US $15.0 million.

The African Development Bank Group (AfDB) has approved two loans amounting to US $24.55 million for Madagascar to help reduce the country's food insecurity and fragility.

The Mid-West Rural Youth Enterprises Project (PROJERMO), located in the Bongolava and Amoron'i Mania regions involves the establishment of enterprises in areas of activity and occupations linked to the production, processing, and marketing of agricultural products, as well as to the development and maintenance of irrigation infrastructure.

The African Development Bank has approved a US $10-million loan to the Republic of Seychelles in support of the Government's Inclusive Private Sector Development and Competitiveness Programme - phase II (IPSDCP-II).

A high-level African Development Bank (AfDB) delegation led by its new President, Akinwumi Adesina, will ensure that Africa’s voice is heard at the UN Sustainable Development Summit in New York from September 25-27.