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SDGs: AFDB partner with ILX Management B.V; to bridge financing gap.

The African Development Bank and ILX Management B.V., an Amsterdam-based fund manager, have agreed to partner on scaling institutional investor capital for the Sustainable Development Goals (#SDGs) and climate-focused private sector projects in the Bank’s regional member countries.

The cooperation arrangement enables the African Development Bank to deliver on its ambition to mobilize financial resources from institutional investors to bridge the significant financing gap in order to meet its High Five priorities, which are intrinsically linked to the SDGs.

“We are very pleased to be partnering with ILX to mobilize institutional capital with a Sustainable Development Goals focus. Our objectives are aligned, and the African Development Bank has a strong track record of structuring and financing projects with a strong development impact,” said Hassatou N’Sele, African Development Bank Vice President and Chief Financial Officer.

“We are delighted to have established this strategic partnership. The launch of this partnership demonstrates AfDB’s strong commitment to engage actively with European pension funds as a key partner in its mobilization effort and contribution to sustainable growth across the African continent. We look forward to a long-term partnership with AfDB on behalf of our pension fund investors, which are becoming key counterparts to finance SDG and climate-finance projects across the emerging markets,” said Manfred Schepers, Founder and CEO of ILX Management B.V.

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