Press Releases
01/03/2013 - Donald Kaberuka, President of the African Development Bank (AfDB), met on February 25 in Washington, DC, the heads of the World Bank, the European Bank for Reconstruction and Development, the International Monetary Fund and the Inter-American Development Bank. The goal of the meeting: to renew the commitment to further cooperation between the multilateral development banks (MDBs).
Categories: United States of America, Economic & Financial Governance
28/02/2013 - Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund and the World Bank Group have pledged close collaboration to support development.
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28/02/2013 - The African Development Bank (AfDB), rated Aaa/AAA/AAA, today announced that it will offer an Education Support Bond to Japanese retail investors. The bond will be distributed by Japan Asia Securities and Okinawa Securities.
28/02/2013 - The Board of Directors of the African Development Bank Group approved Wednesday in Abidjan, Côte d’Ivoire, a loan of US $300 million to finance the Transport Sector and Economic Governance Reform Program and the Nigeria Country Strategy Paper (CSP) for the period 2013-2017.
Categories: Côte d’Ivoire, Nigeria, Economic & Financial Governance, Transport
27/02/2013 - The African Development Bank (AfDB) has laid out solutions some African countries are about to apply, with help from the AfDB and the Climate Investment Funds (CIF), to respond to complex problems that climate change is creating on their combined sectors of water, food and energy.
Categories: Climate Change, Climate Investment Funds (CIF), Energy & Power, Water Supply & Sanitation, Food Production, Agriculture & Agro-industries
25/02/2013 - The Board of Directors of the African Development Bank Group has approved debt relief for the Union of the Comoros following the country’s attainment of the completion point under the enhanced Highly Indebted Poor Countries Initiative (HIPC). The Board also approved the Comoros’ eligibility to benefit from the Multilateral Debt Relief Initiative (MDRI) to the tune of US $76.9 million.
Categories: Comoros
22/02/2013 - The Climate Investment Funds (CIF) has announced an agreement to provide Nigeria with US $50 million to support an African Development Bank-supported program of financial intermediation for renewable energy and energy efficiency through local banks, as part of the country’s national Investment Plan endorsed by the CIF in 2010. The money, being provided under the CIF’s Clean Technology Fund (CTF), is designated to stimulate alternative and efficient ways to generate electricity and to reduce dependence on energy sources which contribute significantly to greenhouse gas emissions.
Categories: Nigeria, Infrastructure, Energy & Power, Environment, Climate Change, Climate Investment Funds (CIF)
22/02/2013 - The Climate Investment Funds (CIF) has approved a grant of US $950,000 to help Nigeria prepare for a proposed project to revamp Abuja’s mass transit system. The request for the project preparation money was submitted to the CIF by the Government of Nigeria and the African Development Bank (AfDB). This is the first time the CIF has approved a sustainable transport project preparation grant within Africa, and marks the way forward for the transport sector as part of the AfDB and CIF work to help Africa move toward low-carbon and climate-resilient development.
Categories: Nigeria, Transport, Infrastructure, Environment, Climate Change, Climate Investment Funds (CIF)
20/02/2013 - The African Development Bank’s Financing Change: The AfDB and CIF for a Climate-Smart Africa is the Bank’s second semi-annual report on its work to implement the Climate Investment Funds (CIF) in Africa, covering July-December 2012.
Categories: Climate Change, Environment, Climate Investment Funds (CIF), Energy & Power
19/02/2013 - The African Development Bank (AfDB) has launched an ambitious program to significantly improve data management and dissemination in Africa. The ultimate goal of the program is to facilitate wider public access to official statistics and to support countries in their efforts to improve data quality and dissemination for better policy formulation, monitoring and evaluation. The program was launched in November 2012 as part of the Bank’s broader statistical capacity building program in Africa.
Categories: Cape Verde, Democratic Republic of Congo, Congo, Cameroon, Malawi, Mozambique, Namibia, Rwanda, Tanzania, Tunisia, South Sudan, Zimbabwe, Zambia, Infrastructure, Information & Communication Technology, Human and Social Development
