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Monday, April 15th, 2024

 

African Development Bank publishes report on callable capital

The report presents the circumstances leading to a call on callable capital, and the processes for such a call being made by the Bank and met by shareholders ABIDJAN, Ivory Coast, April 15, 2024/ — The African Development Bank (www.AfDB.org) has published a report clarifying the legal framework, processes and governance for a call on the callable capital by the institution. Callable capital refers to the portion of the Bank’s capital that is subscribed by shareholders but not immediately paid. It represents a commitment to make additional capital available toRead More