African Development Bank Group and Equatorial Guinea Sign Financing Agreement
The African Development Bank Group and the Republic of Equatorial Guinea signed a €58.61 million financing agreement on October 30, 2025, in Bata.
The agreement is for the implementation of the first phase of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1), focusing on youth inclusion and employment.
Léandre Bassolé, Director of the African Development Bank for Central Africa, and Pedro Abeso Obiang Eyang, Deputy Minister for Finance and Budget, signed the agreement, marking the Bank's first investment in the country's human development sectors in 10 years.
The agreement aims to support economic and social inclusion in Equatorial Guinea.
- Financing amount: €58.61 million
- Project name: Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1)
- Signatories: Léandre Bassolé and Pedro Abeso Obiang Eyang
Author's summary: African Development Bank invests in Equatorial Guinea's human development.
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