Business - GFDD

African Development Bank (AfDB) and ILX Management B.V. Partnership Agreement AfDB and ILX Management B.V. have partnered to promote sustainable investment in African countries. The agreement aims to mobilize institutional investor capital and bridge financing gaps to achieve AfDB's High Five priorities, including improving energy access, food security, and industrialization. ILX Fund I ILX Management's ILX Fund I has attracted investment from prominent players, such as Dutch Pension Fund Asset Managers, APG Asset Management, and Achmea Investment Management. The fund is a scalable $1 billion private credit investment straqtegy designed to support sustainable development goals and climate-focused projects in emerging and developing countries. ILX Fund I co-finances with global MDBs and DFIs and offers investment opportunities in four key economic sectors: energy access and clean energy, sustainable industry and infrastructure, inclusive finance, and food security. The fund invests in loan participations arranged by leading MDBs and DFIs to drive SDG-focused projects across emerging markets and developing economies.Mobilizing Financial Resources The partnership arrangement will allow AfDB to mobilize financial resources from institutional investors to support its High Five priorities. The cooperation aims to promote private sector investment in Africa, which is critical to achieving the continent's development goals. Partner Statements Hassatou N’Sele, Vice President and Chief Financial Officer of the African Development Bank Group, expressed her pleasure in partnering with ILX to mobilize institutional capital with an SDG focus. Manfred Schepers, Founder and CEO of ILX, stated his delight in establishing the strategic partnership. Kitty van der Heijden, Director-General for International Cooperation at the Dutch Ministry of Foreign Affairs, said the agreement was a welcome step in increasing investments in the SDG and climate goals on the African continent. About the African Development Bank Group The African Development Bank Group is the premier development finance institution in Africa, comprising three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF), and the Nigeria Trust Fund (NTF). The AfDB contributes to the economic development and social progress of its 54 regional member states on the ground in 44 African countries with an external office in Japan.