Content

Regional development banks

African Development Bank


The African De­vel­op­ment Bank (AfDB) comprises three institutions:

  • The African Development Bank was founded in 1964 by African states to finance development projects in Africa. It primarily supports its regional member states by providing loans to support the economic and social sectors. It began its work in 1966 and later opened its doors to shareholders from outside the region (European countries, Canada, the US, Japan, China, South Korea, India, Brazil, Argentina, Saudi Arabia and Kuwait). There are now 54 African and 26 non-African member countries. Germany holds a 4.1 per cent share of the capital, making it the third biggest non-regional member after the US and Japan.

  • The African Development Fund (ADF) was founded in 1972. The Fund draws its resources from its 27 member states. It offers especially poor African countries financial aid in the form of grants and loans at particularly favourable terms. The 13th replenishment of the ADF was completed in September 2013. Germany pledged a contribution of 465.4 million euros. This means that Germany is the second largest donor after the UK, accounting for about 9.2 per cent of donor contributions.

  • The Nigeria Trust Fund (NTF) took up its work in 1976 as a special fund with resources provided by the Republic of Nigeria. Germany is not a member of the NTF.

The AfDB's mandate focuses on fostering economic and social development in the Bank's regional member countries and in Africa as a whole. In its long-term strategy for 2013 to 2022, the Bank also lists the promotion of inclusive growth and a gradual transition to green growth as significant objectives of its operations.

According to the long-term strategy, the Bank's operational priorities are

  • infrastructure de­vel­op­ment (especially transport, energy and water);
  • regional integration;
  • private sector de­vel­op­ment;
  • good governance; and
  • higher education and technology.

Cross-cutting issues that are pursued by the African De­vel­op­ment Bank on a priority basis are ag­ri­cul­ture and food security, fragile states, and gender.

More information

Contact

African Development Bank Group

Immeuble du Centre de commerce International d’Abidjan CCIA
Avenue Jean-Paul II
01 BP 1387
Abidjan 01, Côte d'Ivoire

Phone: +225 / 20 26 10 20

BMZ glossary

Close window

 

Share page