Investor Presentaiton
Strong liquidity buffers
Liquid Asset Profile
(US$'mn)
Credit Rating
Investment Grade (Moody's Baa3 or better)
Below Investment Grade
Total
Investment Grade Share
31 Dec 2021
1,680
214
1,894
31 months'
liquidity cover
31 Dec 2022
2,848
146
2,994
34 months'
liquidity cover
AFC operates a very conservative liquidity management policy that requires us to hold HQLA to support our non-cancellable obligations over an 18-month period under a
business-as-usual assumption, and over a 12-month period under a stress scenario. This very conservative liquidity policy is a major liquidity risk mitigant for the Corporation. AFC
therefore remains very liquid and well positioned to repay all maturing obligations as they mature.
Source: Company information, FY'21 financials
Africa Finance Corporation | FY'2022 Results Presentation | April 2023
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