EXCLUSIVE-US Treasury has not pledged funds to AfDB's 2025 ADF financing round, spokesman says
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The U.S. Treasury has not pledged funds to the African Development Bank's 2025 African Development Fund (ADF) financing round, citing concerns over the fund's focus on climate change and social issues. The ADF raised $11 billion in December, but the U.S. administration emphasizes accountability and prioritizing economic growth and poverty reduction. The ADF provides long-term loans to low-income countries, with a portion allocated for climate action.
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