So even if the AfDB is not directly involved in financing a particular infrastructure project, it may have helped to make it possible. A draft accord was submitted to top African officials then to the Conference of Finance Ministers on the Establishment of an African Development Bank.

[23] This suggests that donor recipients in Africa views on the ‘multilateral donor of choice’ are informed by additional aid effectiveness criteria that are not commonly identified or reported against, though exactly what those criteria have not been discussed. i) the limited amount of resources which the Bank could provide and One of emerging views, repeatedly cited by the AfDB's Board of Directors and management, is that the AfDB should be more “selective” and “country-focused” in its operations. The AfDB has been designated the lead agency to facilitate "NEPAD infrastructure initiatives", which are regional integration projects led by African Regional Economic Communities (RECs). While it was originally headquartered in Abidjan, Côte d'Ivoire, the bank's headquarters moved to Tunis, Tunisia, in 2003, due to the Ivorian civil war; before returning in September 2014.[6][7][8]. [1][2] The AfDB's mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region. The ADF lends at no interest rate, with an annual service charge of 0.75%, a commitment fee of 0.5%, and a 50-year repayment period including a 10-year grace period. Day-to-day decisions about which loans and grants should be approved and what policies should guide the AfDB's work are taken by the Board of Executive Directors. Governance
Description Part of the African Development Bank Group (AfDB), the African Development Fund (AfDF) contributes to poverty reduction in its regional member countries (RMC) by spurring sustainable economic development and social progress. It employs approximately 1,865 employees as of 2016, and has 80 members: 54 countries in Africa and 26 American, European, and Asian countries. By June 2015, over 1,500 staff had returned to the Bank's Abidjan headquarters out of the more than 1,900 total staff complement at the Bank.[11]. To date, the ADF has financed a total of 2293 operations, for UA 23.5 billion (US$ 36.2 billion). It is not exchanged directly by individuals, it is used for accounting between state members. Third, it promotes investment of public and private capital for development. The Fund’s core strategic priorities for ADF-11 are: The fund is usually replenished every three years, unless member states decide otherwise. It is administrated by the African Development … The AfDB is currently drafting an energy policy and developing its contribution to the G8-mandated Clean Energy Investment Framework. It is administrated by the African Development Bank and comprises State Participants (donor countries) and recipient countries. African Development Fund The ADF contributes to poverty reduction and economic and social development in the least developed African countries by providing concessional funding for projects and programs, as well as technical assistance for studies and capacity-building activities. Nevertheless, these same studies indicate that the majority of the African countries can make notable progress to these ends.

Country: Madagascar, Koulikoro Region Food and Nutrition Security Enhancement Project (PRESAN-KL) Regional Integration The Fund emerged as the solution to two major constraints which became apparent after the Bank had commenced operations The AfDB is also required to give special attention to national and multinational projects which are needed to promote regional integration. Some research has indicated that a high percentage of respondents in African countries has a marked preference for additional aid from the African Development Bank, despite the fact its relatively low rating against most of the aid effectiveness criteria found to be important by donor recipients. Another key area of concentration of the AfDB's support of RMCs is the fight against HIV/AIDS. Fourth, the bank assists in organizing the development policies of RMCs. The ADF's sources are mainly contributions and periodic replacements by non-African member states. AfDB emphasizes the role of women along with education reforms, and lent its support to key initiatives such as debt alleviation for Heavily Indebted Poor Countries and the New Partnership for Africa's Development (NEPAD).[20]. [10], The inaugural meeting of the Board of Governors of the Bank was held from 4 to 7 November 1964 in Lagos, Nigeria. MALAWI, PAHABO Project – Hydro-agricultural development project is West Brakna – MAURITANIA, Macro-economics Policy, Forecasting and Research, Debt Sustainability and ADF Grant Eligibility, The African Development Fund improving and impacting lives of millions in Africa, Nairobi-Addis Ababa road corridor boosts trade in East and Horn of Africa, ADF - Voices from the field (Tanzania - Malawi - Kenya - Ethiopia - Senegal - Mauritania), Speech by President Akinwumi A. Adesina at the First Consultative Meeting of the 15th Replenishment of the African Development Fund (ADF), held in Abidjan, Côte d'Ivoire, March 20, 2019, ADF-14 Report - Transforming the Lives of Africa’s Most Vulnerable People, Independent Development Evaluation (IDEV). "The African Development Fund" United Nations Convention to Combat Desertification (UNCCD) 2004, no longer available (2006). Established in 1972, the African Development Fund (ADF) became operational in 1974. The largest ADF shareholder is the United Kingdom, with approximately 14% of the total working shares followed by United States with approximately 6.5 percent of the total voting shares, followed by Japan with approximately 5.4 percent. [3][4][5] The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). In harmony with its lending strategy, poverty reduction is the main aim of ADF activities. The report contains six recommendations for management and shareholders as they address the urgent task of reforming Africa's development bank. The Nigeria Trust Fund (NTF) was established in 1976 by the Nigerian government with an initial capital of $80 million. The AfDB promotes economic development and social progress of its RMCs in Africa and the bank commits approximately 3 billion dollars annually to African countries. All member countries of the AfDB are represented on the AfDB Board of Executive Directors. In 2003, it received an AAA rating from the major financial rating agencies and had a capital of $32.043 billion. The Bank's headquarters opened in Abidjan, Côte d’Ivoire, in March 1965 and the Bank's operations commenced on 1 July 1966. Total resources for the ADF-12 period (2011–2013) amount to UA 6.097 billion. Between 2005 and 2006, the AfDB's lending activities increased by more than 30 percent to $3.4 billion. [31], The United Nations launched Development Business in 1978 with the support of the World Bank and many other major development banks from around the world.
The AfDB helps to prepare projects so they may obtain financing from others sources through an initiative called the Infrastructure Project Preparation Facility (IPPF). More than 3,000 km of transmission lines built and 200 MW of power capacity installed have given 16.6 million people a new electricity connection. In 2005, the AfDB approved 23 infrastructure projects for approximately $982 million, which totaled 40 percent of AfDB approvals that year. The studies conducted by various organizations (including the African Development Bank and the World Bank) show that, with the exception of northern and southern Africa, the United Nations Millennium Development Goals (reducing by half the number of persons living in poverty and without access to potable water by 2015) will in most cases not be attained.


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