The results for the Africa Project Development Facility's (APDF) second year of operations indicate that its services are continuing to meet a deep-seated need. African entrepreneurs submitted a further 500 project proposals to the Facility for assistance during the period. The Facility was established in 1986 as a UNDP project for a four-year period and is operated by IFC, which acts as the executing agency.
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Citation
World Bank
Announcement of Strong Demand for Africa Project Development Facility Services February 22, 1989 (English). Bank News Release Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099605204202218565/IDU0cecc640f0bcf904cfd0a8b003d9d88130e78