The AfDB trips over its anti-corruption fund – Jeune Afrique

2023-08-21 14:40:29

A great initiative… remained a dead letter. This is what happened to the anti-corruption fund, called the Fund for the Integrity of africa (FIA) and endowed with 55 million dollars (50.5 million euros), launched in 2016 by the African Development Bank (AfDB).

Despite ambitious goals, it was never implemented, revealed August 14 the Financial Timesa failure that raises the question of “the effectiveness of an institution that receives billions of dollars from Western governments to finance development projects” in Africa, pointed out the daily economic British.

To readSoon the end of the financing crisis for the AfDB?

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