CITYRIZ

Aligned with the Global Gateway Africa-Europe Investment Package, CITYRIZ enables local governments to invest in sustainable infrastructure areas such as waste management, water and sanitation, and transport, as well as public services, to serve socio-economic objectives such as poverty reduction. The guarantee helps domestic financial institutions in Sub-Saharan Africa to better serve local governments with an increased or first access to private financing, higher loan amounts, longer maturities and reduced borrowing rates. Eligible banks or local financial institutions in Sub-Saharan Africa provide loans to local governments benefiting from a partial guarantee extended by the Agence Française de Développement (AFD).