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Gestion Actif/Passif fu FAD


Like the African Development Bank, the African Development Fund (hereafter referred to as the ADF or the Fund) has undertaken a number of important reforms over the past few years to enhance the management of its financial resources. The most significant of these financial reforms include the replenishment-specific and accelerated encashment policies, the liquidity policy, the currency risk management policy, and the adoption of the first ADF asset management guidelines (hereafter referred to as the Guidelines).

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