Financial Year 2021 – 2022, albeit an improvement on
the previous one that bore the full brunt of the Covid-19
adverse effects, continued to be characterised by
financial difficulties for the DFRC that negatively
impacted programme delivery capacity.
During the year 2021, as the Covid-19 threat receded
and governments began to unwind the fiscal and
monetary measures put in place to circumvent the
negative socio-economic effects of the pandemic, the
global economy and indeed regional countries, began
to experience positive growth. With the turnaround
in the global economy, spurred largely by increased
demand for commodities in the developed countries,
member DFI operations and financial performance
also improved as they were called upon to support the
growth.