The African Development Bank (AfDB) and ODI Global have established a formal partnership to address Africa’s escalating debt challenges and high borrowing costs. By combining AfDB’s operational expertise with ODI Global’s research, the initiative aims to develop new financing instruments, improve capital market access, and optimize multilateral development bank architectures. This collaboration supports the New African Financial Architecture for Development (NAFAD), which seeks to bridge the continent’s $400 billion annual financing gap by mobilizing domestic resources and private capital, ultimately providing African nations with more sustainable paths for long-term economic investment.