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The African Development Bank seeks $25B in pledges at a London conference to support 37 low-income African nations, facing a $560M gap due to U.S. funding delays.
The African Development Bank is seeking $25 billion in pledges at a London conference to replenish its African Development Fund for 2026–2028, supporting 37 low-income African nations.
The fund, which has provided $45 billion since 1972 in grants and low-cost loans, faces a potential $560 million gap due to the U.S. withholding a $197 million pledge.
Uncertainty over U.S. and European contributions persists amid shifting global priorities and reduced multilateral funding.
The outcome will impact critical development efforts in infrastructure, climate resilience, and debt relief.
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El Banco Africano de Desarrollo busca $ 25B en promesas en una conferencia de Londres para apoyar a 37 naciones africanas de bajos ingresos, que enfrentan una brecha de $ 560M debido a los retrasos en la financiación de Estados Unidos.