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The African Development Bank signs €6 million grant for São Tomé and Principe

The African Development Bank on Wednesday signed a €6.18 million grant in budgetary support to the Democratic Republic of São Tomé and Principe.

The agreement was signed at the Bank’s headquarters in Abidjan, Côte d'Ivoire, by Osvaldo Vaz, Minister of Planning, Finance and the Blue Economy of São Tomé and Principe and by Khaled Sherif, Vice President for regional development, integration and service delivery.

The Bank approved the budgetary support to São Tomé and Principe on 8 January 2020 under its programme to support economic reform and the energy sector.

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