The African Development Fund (ADF) has provided over **SAR 6 billion** in funding during the third quarter of 2024, according to a spokesperson.
This significant financial support aims to bolster developmental projects across various sectors in African countries, particularly focusing on infrastructure, health, and education. The funding is part of ADF's ongoing commitment to enhance economic growth and improve living standards in the region, reflecting its strategic priorities for sustainable development and poverty reduction.
Citations:
[1] https://www.afdb.org/en/about-us/corporate-information/african-development-fund-adf/adf-country-resources-allocation
[2] https://afdb.africa-newsroom.com/press/african-development-bank-invests-20-million-in-infrastructure-fund-to-catalyze-continental-development?lang=en
[3] https://www.alphaspread.com/security/nse/adffoods/earnings-calls/q3-2024
[4] https://strategicanalysis.org/the-2024-defence-investment-plans-key-changes-or-the-subs-that-ate-the-adf/
[5] https://punchng.com/unlocking-nigerias-agricultural-export-potential/
[6] https://agriexchange.apeda.gov.in/MarketReport/Reports/Grain%20and%20Feed%20Annual_Tel%20Aviv_Israel_IS2023-0003.pdf
[7] https://academic.oup.com/book/12695/chapter/162723407
[8] https://manilastandard.net/business/314470052/malampaya-gas-field-provides-a-lifeline-to-energy-starved-ph.html