African Development Bank Group and Equatorial Guinea Sign Financing Agreement
The African Development Bank Group and the Republic of Equatorial Guinea have signed a €58.61 million financing agreement for the implementation of the first phase of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1).
The agreement was signed on October 30, 2025, in the city of Bata by Léandre Bassolé, Director of the African Development Bank for Central Africa, and Pedro Abeso Obiang Eyang, Deputy Minister for Finance and Budget and Alternate Governor of the Bank for Equatorial Guinea.
This investment marks the Bank's first in the country's human development sectors in 10 years, focusing on youth inclusion and employment.
No specific quotes are provided in the given text.
Author's summary: African Development Bank signs €58 million agreement with Equatorial Guinea.
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