News & Events
05/04/2013 - The African Development Bank’s (AfDB) Board of Executive Directors on April 3, 2013 approved an African Development Fund (ADF) grant of USD $ 25.7 million and an ADF loan of USD 12.6 million for a Skills, Employability and Entrepreneurship Program (SEEP) in Rwanda.
Categories: Rwanda, Economic & Financial Governance, Human and Social Development, Youth
01/04/2013 - At their meeting in Durban, the BRICS group put forward the proposal establishing a Development Bank under their auspices. This initiative was hailed by Donald Kaberuka, President of the AfDB. A grand premiere in Africa, this decision was taken at the meeting held on the 26 and 27 March 2013. The continent welcomed the annual meeting of the BRICS group held in Durban made up of Brazil, India, China, Russia and South Africa joining these countries in April 2011.
Categories: South Africa, Russia, Brazil, India, China, Economic & Financial Governance
28/03/2013 - Capital markets in North Africa have a long history but have been marginal to the region’s development, concludes a new brief published by the African Development Bank entitled “Capital Market Development in North Africa: Current Status and Future Potential”.
Categories: Tunisia, Economic & Financial Governance
28/03/2013 - The African Development Bank has officially released the report entitled “Towards a New Economic Model for Tunisia: Identifying Tunisia’s Binding Constraints to Broad-Based Growth”. The new AfDB report, prepared in close collaboration with the United States Government and the Government of Tunisia, aims at identifying the most binding constraints to growth in Tunisia in order to identify areas where policy reforms are most needed. The study attempts to identify these constraints, both as they were manifested in the years leading up to the revolution and today. The methodology starts from the widely accepted proposition that private sector investment and entrepreneurship are ultimately the keys to sustained economic growth and follows the Growth Diagnostics approach proposed by Ricardo Hausmann, Dani Rodrik and Andrès Velasco.
Categories: Tunisia, United States of America, Economic & Financial Governance
26/03/2013 - A new policy paper by the African Development Bank carries the importance of trade integration to macroeconomic convergence. Published in March 2013, the report titled “Supporting Macroeconomic Convergence in African regional economic communities” recommends to link the roadmap in the implementation of macroeconomic convergence to progress made in trade integration.
Categories: Economic & Financial Governance, Regional Integration
- From: 05/06/2013
- To: 07/06/2013
- Location: Praia, Cape Verde
Remittances represent a rising source of finance for the continent and hold immense potential as drivers of economic growth and development. A recent study, Leveraging Migration for Africa: Remittances, Skills, and Investments, conducted by the African Development Bank (AfDB) in collaboration with the World Bank shows that remittance flows into Africa reached US $40 billion in 2010 and have quadrupled since 1990. African remittances currently account for 2.6 per cent of GDP, a figure that in some countries equals or even exceeds both foreign direct investment and aid.
Categories: Cape Verde, Migration and Development Initiative, Human and Social Development, Economic & Financial Governance
19/03/2013 - Africa’s economic growth has accelerated in recent years, yet the quality and inclusiveness of this growth remain a major concern to policymakers, researchers, development partners and, most importantly, the ordinary people it is expected to benefit.
Categories: Ethiopia, Infrastructure, Economic & Financial Governance
18/03/2013 - The Development Effectiveness Review (DER) is a series of publications reviewing the African Development Bank’s (AfDB or Bank) contribution to Africa’s development results. Beginning with the first Annual Development Effectiveness Review published in 2011, the DER series has promoted transparency and accountability to our member countries and stakeholders. It also helps us ensure that our operations are continually improving. In 2012, we have published a series of DERs examining aspects of the Bank’s portfolio, including fragile states, regional integration, governance and the Bank’s country program in Rwanda.
Categories: Rwanda, Quality Assurance & Results, Economic & Financial Governance, Regional Integration, Fragile States Facility
15/03/2013 - Muhammad Yunus, founder of Grameen Bank and 2006 Nobel Peace Prize laureate, delivered on March 13 a message of hope to Tunisians at a national conference on social business in Tunisia. The conference, which took place at the Institut des Hautes Etudes Commerciales (IHEC) in Carthage, was organized by the African Development Bank’s Human Development Department and Yunus Social Business, in collaboration with Global Shapers and Orange.
Categories: Tunisia, Economic & Financial Governance, Human and Social Development
14/03/2013 - The euro area continues to be the largest trading partner of the franc zone countries with a very important share (more than 70 per cent of trade) in half of the 14 countries. Membership of this zone has the advantage of restraining inflation over the long term. The common currency has also been used as a basis for regional integration with strong institutions. However, compared to other African countries, the franc zone countries are less competitive in international markets and seem less equipped to counteract some exogenous shocks, which partly explain their low growth rate.
Categories: Economic & Financial Governance
