The story of a couple who have been married for a long time. Between mid-2020 and the end of 2021, the coalition for a sustainable and inclusive recovery of the private sector, an international group of 20 development finance institutions that came together in 2020, announced commitments of over $5.55 billion in financing to micro, small, and medium enterprises (MSMEs) in Africa, exceeding their target of $4 billion.
The coalition said that it had exceeded its initial objective by 40%, with development finance institutions committing a total of $5.55 billion in financing to micro, small, and medium-sized businesses in Africa throughout the time. The EDFI Association, on behalf of its 15 European member development finance institutions, will co-host the first Finance in Common Summit in November 2020 with the African Development Bank, the West African Development Bank (BOAD), FinDev Canada, and the United States.
