AfDB briefs west and central African lawyers on its structure, policies and operations
15 March 2012
African Development Bank - March 14, 2012
A group of more than 70 lawyers from west and central African lawyers attended a briefing on the working of the African Development Bank (AfDB) group in Yaoundé, Cameroon, on 13 March 2012. The event involved the AfDB’s African Legal Support Facility (ALSF) and the Pan-African Lawyers Union (PALU).
In particular, the lawyers were instructed on the legal and operational aspects of the AfDB’s financing of infrastructure projects.
Souley Amadou, from the AfDB’s private sector department, briefed the participants on the organizational structure of the AfDB Group and described its main financial products.
He explained the main difference between loans from the African Development Bank and the AfDB’s African Development Fund (ADF), noting that ADF loans were provided on concessional terms with long pay-back periods.