ADF 11 Mid-Term Review in Helsinki

Share |

From:	20/10/2009
To:	21/10/2009
Location:	Helsinki, Finland

The meeting for the African Development Fund (ADF-11) Mid-Term Review is being held in Helsinki, Finland, from 20-21 October 2009.

ADF is the African Development Bank (AfDB) Group’s concessional window. At this meeting, the progress in implementing the operational and policy program of ADF-11 will be reviewed by representatives of the donor countries (the ADF Deputies) as well as observers from selected regional member countries. Special focus will be on presenting results achieved, in terms of development outcomes, under the ADF.

It is the intention of the institution’s Management that, pending Deputies agreement, the occasion of the ADF-11 Mid-Term Review meeting would also serve as a kick-off for the ADF-12 replenishment process.

The ADF promotes economic and social development in 38 low-income African countries through the provision of concessional loans and grants (including to the private sector) to finance projects and programmes, as well as technical assistance for studies and capacity-building activities. Its main objective is to reduce poverty in Africa. As the Bank Group invests in new projects and initiatives on the continent, the resources provided to the ADF are periodically augmented.

The ADF is replenished every three years by 26 donor countries. The most recent and 11th replenishment of the ADF, for the Fund’s 2008-2010 operations, was concluded in December 2007 at a level of US$ 8.9 billion. The Fund’s core strategic priorities under ADF-11 include infrastructure, governance, support for fragile states and regional integration.