African Development Bank Group and Equatorial Guinea Sign Financing Agreement
The African Development Bank Group and the Republic of Equatorial Guinea 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 30 October 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 agreement marks the Bank's first investment in the country's human development sectors for 10 years, focusing on youth inclusion and employment.
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Author's summary: African Development Bank signs €58m deal with Equatorial Guinea.