Infrastructure bond should fund Africa’s growth, urges ADB president

donald-kaberuka

Africa needs innovative financing that will require support from central banks to meet its $360 billion infrastructure needs over the next 30 years, according to Donald Kaberuka, the president of the African Development Bank (ADB).

Kaberuka advocated the creation of an ‘infrastructure bond', which would be issued by the ADB and financed by central banks across the continent. If every institution invested 5% of its overseas reserves, he said, it would raise $22 billion, and help mobilise domestic

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