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 30 October 2025 in Bata for the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1).
The agreement was signed by Léandre Bassolé, Director of the African Development Bank for Central Africa, and Pedro Abeso Obiang Eyang, Deputy Minister for Finance and Budget and Alternate Governor of the Bank for Equatorial Guinea.
This investment marks the Bank's first in the country's human development sectors for 10 years, focusing on youth inclusion and employment.
No direct quote available in the given text.
Author's summary: African Development Bank invests in Equatorial Guinea's human development.
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