Press Releases
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
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
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
13/03/2013 - The African Development Bank (AfDB) has launched Open Data Platforms for the following 20 African countries: Algeria, Cameroon, Cape Verde, Democratic Republic of Congo, Ethiopia, Malawi, Morocco, Mozambique, Namibia, Nigeria, Ghana, Rwanda, Republic of Congo, Senegal, South Africa, South Sudan, Tanzania, Tunisia, Zambia and Zimbabwe
Categories: Tunisia, Morocco, Algeria, Cameroon, Congo, Democratic Republic of Congo, Zimbabwe, Zambia, Mozambique, Angola, Rwanda, Ethiopia, Senegal, Nigeria, Cape Verde, Côte d’Ivoire, Malawi, Namibia, Ghana, South Sudan, South Africa, Tanzania, Economic & Financial Governance
04/03/2013 - Studies on banking competition in developing countries, and especially in Africa, are sparse. This 2013 study, published by the Chief Economist Complex of the African Development Bank, evaluates the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by financial reforms, entry of new foreign banks and privatization of the state-owned bank. Competition is measured using the Panzar-Rosse H-statistic and the Lerner index from 1998-2011. To our knowledge, estimation of the time varying bank-specific Lerner index provides the first-ever documented empirical evidence on the evolution of competition in the Zambian industry.
Categories: Zambia, Economic & Financial Governance
