The African Development Bank's move into the circular economy space marks progress in this space for development finance policy. 

"The Board of Directors of the African Development Bank has approved the establishment of a €4 million Africa Circular Economy Facility to drive integration of the circular economy into African efforts to achieve nationally defined contribution (NDC) targets."

"The Facility, a multi-donor trust fund, will operate over a period of 5-years and will receive an initial support of €4 million from the Government of Finland and the Nordic Development Fund(link is external). The board approval took place on 30 March 2022."