{"id":65357,"date":"2025-12-16T23:00:07","date_gmt":"2025-12-16T23:00:07","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-seeks-25-billion-for-lending"},"modified":"2025-12-16T23:09:43","modified_gmt":"2025-12-16T23:09:43","slug":"afdb-seeks-25-billion-for-lending","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-seeks-25-billion-for-lending","title":{"rendered":"Afdb Seeks $25 Billion for Lending"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong> <\/span>The African Development Bank (AfDB) opened a donor-pledging conference on Monday for its fund that lends money to low-income countries on favourable terms, seeking to offset a retreat in U.S. support that threatens its $25 billion target.<\/p>\n

Earlier this year, the Trump administration withheld a $197 million tranche pledged in the previous replenishment round for the African Development Fund (ADF), raising doubts about Washington\u2019s contribution ahead of the two-day meeting in London.<\/p>\n

The AfDB, Africa\u2019s biggest development lender, said the U.S. would send a representative to the talks, but it remained unclear whether it would commit funds.<\/p>\n

\u201cExisting partner countries are unlikely to fully close the $560 million grant funding gap that would remain without a United States pledge,\u201d said Valerie Dabady, AfDB\u2019s head of resource mobilisation and partnerships.<\/p>\n

The White House did not respond to a request for comment.<\/p>\n

In September, a U.S. Treasury spokesperson told Reuters it was \u201cseeking to return the ADF to its core mission of promoting economic growth and poverty reduction in the poorest African countries,\u201d without providing details.<\/p>\n

The Trump administration has cut funding for several multilateral institutions. In May, it reduced support for the World Bank\u2019s International Development Association by $800 million to $3.2 billion.<\/p>\n

Vital source of funding<\/p>\n

Replenished every three years, the ADF has provided $45 billion to 37 low-income African countries since 1972, financing irrigation, roads and electricity projects.<\/p>\n

Unlike the AfDB\u2019s main lending window, which carries higher interest rates and stricter conditions, the ADF offers grants and concessional loans with repayment periods exceeding 20 years.<\/p>\n

Its role has grown as heavy debt burdens, shrinking aid and tighter global capital markets limit governments\u2019 access to finance.<\/p>\n

The U.S. accounted for nearly 7% of the last ADF replenishment of $8.9 billion at end-2022, ranking among the top five donors alongside Germany, France, Britain and Japan.<\/p>\n

Abidjan-headquartered AfDB aims to raise $25 billion in the current round, but Washington\u2019s shift on overseas aid has put that goal at risk.<\/p>\n

Denmark, Norway and African nations step up<\/p>\n

Some countries have pledged more. Denmark said in October it would raise its contribution by 40% to 1.1 billion Danish crowns ($171 million), while Norway promised a near-6% increase last month.<\/p>\n

African member states will also start contributing. Kenyan President William Ruto committed $20 million last year, and other potential donors include Benin, Ghana and Sierra Leone, Dabady said.<\/p>\n

The fund is finalising plans to raise $5 billion of seed funding from capital markets each cycle, and to tap philanthropic organisations.<\/p>\n

Find more news and analyses on Lesotho<\/span> on the Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. The African Development Bank (AfDB) opened a donor-pledging conference on Monday for its fund that lends money to low-income countries on favourable terms, seeking to offset a retreat in U.S. support that threatens its $25 billion target. Earlier this year, the Trump administration withheld a $197 million tranche pledged in the previous […]<\/p>\n","protected":false},"author":84,"featured_media":65356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[245],"class_list":["post-65357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-lesotho"],"yoast_head":"\nAfdb Seeks $25 Billion for Lending - Lesotho<\/title>\n<meta name=\"description\" content=\"-article-header-tag"> Africa-Press - Lesotho. 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