Announcement - African Development Bank Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with a high-level delegation from JPMorgan Chase, the largest US bank, on potential partnership between the two institutions.
Africa n Development Bank Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with a high-level delegation from JPMorgan Chase, the largest US bank, on potential partnership between the two institutions.
Ms. Tshabalala spoke about efforts to partner with other development institutions to mobilise resources to help combat climate change in Africa amid regional and global challenges. She highlighted the impacts of the African Development Bank window, which offers financing and support to middle-income countries, and the African Development Fund, which provides concessional funding to low-income countries and transitional countries.
Max Magor Ndiaye, the Bank Group's Director of Syndication, Co-financing and Client Solutions, said JP Morgan and others could support the Bank's commitment to low-income nations eligible under the African Development Fund criteria and those facing challenges, including transition countries. Gloukhovski stressed:"We are a profit-making institution. So, it's a challenge for us. And we need better coverage. So, it's important to adopt a holistic approach."
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