African Development Bank Group and Equatorial Guinea Sign Financing Agreement
The African Development Bank Group and the Republic of Equatorial Guinea have signed a €58.61 million financing agreement for the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1).
The agreement was signed on 30 October 2025 in Bata 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 Equatorial Guinea's human development sectors in 10 years, focusing on youth inclusion and employment.
No direct quote available in the text.
Autor's resume: African Development Bank invests in Equatorial Guinea.
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