The Liquidity & Sustainability Facility (LSF)

Dr Vera Songwe, Founder and Chairwoman of the LSF, receives an award from President Sheikh Mohamed for the ADIA-LSF-Afreximbank landmark transaction at a recognition ceremony for international partners of COP28. @ADIA

We are happy to announce that The Abu Dhabi Investment Authority (ADIA) has agreed a $100 million repo transaction with the Liquidity and Sustainability Facility (LSF) and Afreximbank, within BNY Mellon’s Triparty Facility, to increase the liquidity of African Sovereign Eurobonds and incentivise Sustainable Development Goals (SDG)-related investments, such as green bonds, in Africa. An initial $50 million transaction related to a basket of seven African countries under the facility has been closed. #Afreximbank #AfreximbankAtCOP28

Congratulations! Prof. Benedict Oramah, President & Chairman of the board of directors of Afreximbank has emerged as Forbes Africa’s 2023 Person of the Year in recognition of the unbridled enthusiasm and passion he has for developing Trade, Trade finance, growth and new avenues of opportunity on the continent. He also graces the cover of Forbes Africa’s December/January edition. In a glamorous award ceremony attended by dignitaries and industry leaders, Dr Rakesh Wahi, Forbes Africa Founder and publisher said that the award recognizes the stellar accomplishments of leading Africans contributing to the continent. With a career spanning three decades at Afreximbank, Prof. Oramah is a true pan-Africanist, a resilient risk-taker and has articulated so well what a new united Africa should, and would look like. We are so proud. #afreximbank #forbes

"And to facilitate greater access to MCC Compacts, USAID is supporting the Liquidity and Sustainability Facility to improve the terms of African Sovereign Eurobonds issuances and catalyze Sustainable Development Goal-related investments in clean energy infrastructure in Africa."

The LSF is featured in the White House COP28 climate press release

Congratulations are in order for our President and Chairman, Prof. Benedict Oramah, who was awarded the 2021/22 Zik Prize in Professional Leadership by the Public Policy Research and Analysis Centre (PPRAC), in Lagos yesterday. Prof. Oramah is being recognised for his remarkable piloting of Africa’s premier multilateral financial institution to deliver on its mandate of boosting economic expansion in Africa, by financing and promoting intra- and extra-African trade and accelerating industrialisation. Join us in congratulating him! Read more: afreximbank.com/afreximbanks-p…

How do we bring an end to debt distress so developing economies can make the urgent investments in climate resilience? At the #NewEconomyForum we sit down with @The_LSFacility's @SongweVera. For details: bloom.bg/3PgpjfX

marketlinks.org/blogs/bond-cou… @USAID #BondsEligibleForTheLSF

Professor Benedict Oramah, President & Chairman of the Board of Directors of Afreximbank will deliver the official introductory remarks on October 30th, at the #ACTIF_2023, under the theme “Creating a Shared Prosperous Future”. Register your attendance now: actif2023.afreximbankevents.com #ACTIF_2023 #Afreximbank

@FT @khalafroula @davidpilling Africa's next decade Panel! Reflecting on the past decade & navigating the future @JDevermont,@DrHodanOsman,@RiouxRemy, and Dr. Vera Songwe provide valuable insight into the past 10 years on the continent. Can the last 10 years provide a path to long-term growth? #FTAfrica

Songwe, now a senior fellow at the Brookings Institution in Washington and chair of the Liquidity and Sustainability Facility, says Africa should avoid involvement in any new “Cold-War” competition between the US and China, echoing many of the region’s leaders.

“The choice is not about whether we’re picking friends and foes,” said Vera Songwe, the former Executive Secretary of the United Nations Economic Commission for Africa. “The choice should be about picking interests that will advance the objectives and interests of the continent.”

The LSF is proud to be amongst USAID 2023 EDGE Fund Projects Read the full USAID press release: usaid.gov/news-informati… @USAID @ProsperAfricaUS