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flag Luxembourg increases Africa aid pledge by 10% ahead of ADF-17 replenishment.

flag Luxembourg and the African Development Bank strengthened their partnership ahead of the ADF-17 replenishment, with Luxembourg pledging €12.7 million—10% more than before—under ADF-16, reflecting its commitment to Africa’s sustainable development. flag The two leaders emphasized collaboration on climate action, gender equality, private sector growth, and financial innovation, including support for digital finance and capital markets. flag The African Development Fund, established in 1972, has funded nearly 3,000 projects worth over $45 billion across 37 African countries. flag The upcoming ADF-17 cycle aims to boost job creation, resilience, and inclusive economic growth.

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