African Development Bank and Portugal sign EUR 400 million guarantee agreement to underpin Lusophone Compact

The African Development Bank and the Portuguese government have signed a guarantee agreement to be extended to the African Development Bank under the Lusophone Compact. The Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in its Portuguese-speaking African member countries., (l-r): AfDB Deputy Director General for West Africa, Mr. Joseph Ribeiro, Former VP for Human Resources and Corporate Services at the African Development Bank and actual Minister of Transport and Communication, Mr. Mateus Magala and AfDB Country Manager of Mozambique, Mr. Cesar Mba Abogo after signing the agreement

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