AfDB plan joins push for fertilizer resilience

The African Development Bank Group has launched a financing framework of up to $5.1 billion to help African countries manage energy and fertilizer shocks, days after six multilateral development banks committed to a joint roadmap to strengthen fertilizer supply chains.

The African Development Bank’s Global Energy and Fertilizer Crisis Response Framework was approved on 1 September. It combines an additional $4.1 billion in African Development Bank lending with up to $960 million from the concessional African Development Fund.