ADF-10

The tenth replenishment of the African Development Fund (ADF), concluded in Copenhagen, Denmark, from December 16-17, 2004, incorporated a number of significant new features.

• First, the level of resources to be provided in grant terms was more than doubled from 21 percent under AFD-9 to about 44 percent. More specifically, for two-thirds of the eligible countries (26 countries) ADF assistance will be in the form of grants only, while for three other countries the allocation of grants will be increased to 45 percent.
• Second, in support of the increased commitment shown under the NEPAD initiative for regional integration, ADF Deputies increased by 50 percent (from 10-15 percent of total ADF resources) the allocation for multinational projects.
• Third, Deputies agreed that a substantial share of total resources could be used in support of the Bank Rural Water Supply and Sanitation Initiative in the context of country priorities.
• Fourth, strong support was also provided for the Bank post-conflict initiative by including in the replenishment an initial allocation of UA 100 million (approximately US$ 146 million), with a commitment to increase this amount as required.