The African Development Bank (AfDB) and the U.S. Trade and Development Agency (USTDA) have extended their strategic partnership on infrastructure development for another five years.
The partnership will advance quality infrastructure rollout to strengthen national procurement and trading systems, supporting economic growth and sustainable development for African countries.
The AfDB will help the USTDA identify bankable projects in Africa while leveraging the expertise of U.S. companies in key sectors such as energy, transportation, digital technology, and healthcare to drive project implementation.
The renewed collaboration fortifies our institutions’ joint ambitions to assist emerging economies in developing policies and procedures promoting best procurement practices, stated AfDB’s Senior Vice President Marie Laure Akin-Olugbade.
The partnership was established in 2018.
