AfDB Vice-President Marie Laure Akin -Olugbade and Elhadj As Sy, member, Interpeace Governing Board; Abidjan, Tuesday 03 October 2023
The signing ceremony took place during the Africa Resilience Forum currently which opened on Tuesday 03 October in the Ivorian commercial capital Abidjan. The MoU was signed by the Bank's Vice-President for Regional Development, Integration and Business Delivery, Marie-Laure Akin-Olugbade, and a member of Interpeace's governing board, Elhadj As Sy.
"The African Development Bank is pioneering these efforts through the Security-Indexed Investment Bond Initiative, endorsed at the AU Heads of State Summit in February 2022," she told participants, adding that the proposed bonds aim to raise additional financing at scale, including through capital markets, to mitigate structural drivers of violence and conflict. The initiative also aims to offset the fiscal implications of elevated security sector spending.
The areas for collaboration outlined by the Memorandum of Understanding, in accordance with the parties' mandates, include: Multistakeholder engagement and field building for wider political and investor support for Peace Finance. Finance for Peace is supported by the German Federal Foreign Office and builds on feasibility research supported by the UK Foreign and Commonwealth Development Office on a new sustainable investment category called Peace Bonds.). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material,Angola - African Development Bank Group, Angola Sign Two Loan Agreements Worth $124.
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