General Capital Increase: AfDB Braces to Meet Commitments

13/05/2010
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Bank Group President, Donald Kaberuka, on Tuesday, May 11, 2010, in Tunis held a meeting with managers on the eve of the Annual Meetings scheduled to take place in Abidjan from May 27-28, 2010.

Mr. Kaberuka used the occasion to take stock of the achievements and support to development efforts on the continent. He called on the institution’s senior management and staff to mobilize in order to meet challenges that come with a capital increase whose approval is on the Annual Meetings agenda. Bank Group governors are expected to approve a proposal by the consultative committee for a 200% general capital increase.

General Capital Increase: AfDB Braces to Meet Commitments

As the global financial and economic crisis spread pain and suffering across the globe, many knew that Africa, a continent that was posting some impressive growth rates, would face many challenges.  Read More

200% General Capital Increase


With a 200% General Capital Increase endorsed in April 2010 by the African Development Bank (AfDB) Governors Consultative Committee, Bank resources are currently estimated at USD 100 billion. This achievement has embedded opportunities for the Bank to address development challenges in Africa, as the preferred lender on the continent.  The Bank’s regional member countries will be able to make robust demands. At the same time, the Bank will build a higher delivery capacity and implement the enhanced risk management framework.  Read More

The GCI will ensure financing for low and middle income countries    

The next stage in the final adoption of the AfDB General Capital Increase will take place in Abidjan during the institutions’ Annual Meetings scheduled to take place from May 27-28, 2010. AfDB Governors are expected to approve a proposal by the Governors Consultative Committee for a 200% capital increase 200%.  Read More

The Bank will honor its commitments under the GCI

Speaking during a meeting with the AfDB management on Tuesday, May 11, 2010, Bank Group President, Donald Kaberuka, urge his collaborators to size up the scale of responsibilities that come with a general capital increase for the institution. It is necessary for everyone to understand that commitments the Bank makes to its stakeholders must be fulfilled, he said.