Press Releases
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
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
09/01/2013 - A new report by the African Development Bank makes concrete proposals for the establishment of a monetary union in the Common Market for Eastern and Southern Africa region (COMESA). In order to achieve greater macroeconomic convergence in the region, the “Facilitating Multilateral Fiscal Surveillance in the Monetary Union Context with Focus on the COMESA Region” study envisages a boost to fiscal surveillance at both regional and national levels.
Categories: Economic & Financial Governance, Regional Integration
31/01/2012 - The African Development Bank (AfDB) and the World Customs Organization (WCO) will work together to enhance the capacity of customs administrations in Africa. The declaration was made yesterday evening in Addis Ababa, Ethiopia, during the signing ceremony of a memorandum of understanding between the two institutions, on the margins of the 18th African Union Summit.
Categories: Ethiopia, China, Regional Integration, Partnerships
11/11/2011 - Enhanced linkage of regional markets, support to regional research and training centers, capacity building, as well as regional transport infrastructure are among key provisions of the African Development Bank’s (AfDB’s) newly approved strategy, which is designed to strengthen regional integration in West Africa.
Categories: Regional Integration, Economic & Financial Governance
15/07/2011 - The Board of Directors of the African Development Bank (AfDB) has approved a €60-million loan for the construction of a new container terminal at the Lome Port in Togo.
Categories: Togo, Regional Integration
27/06/2011 - The Southern Africa region loomed large on the Bank’s operational radar in 2009, when loan and grant approvals to the countries climbed to USD 5.44 billion (UA 3.40 billion), from USD 769.44 million (UA 475.9 million) the previous year; representing over 600 percent increase. The numbers were propelled by two budget support loans amounting to USD 2.42 billion (UA1.51 billion) approved for Botswana and Mauritius, to help mitigate the impact of the global economic and financial crisis in these countries.
Categories: Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Regional Integration
11/05/2011 - The Report, titled, “The BRICs in North Africa: Changing the Name of the Game?” says the group, which comprised Brazil, Russia, India and China during the time covered by the report (South Africa joined in 2011) is drawn to the region due to a growing need for raw materials and minerals; an amenable investment and regulatory climate; its relatively large population and overall GDP; low production and labour costs, and geographical proximity to European and Middle East markets.
Categories: Algeria, Egypt, Libya, Mauritania, Morocco, Tunisia, Brazil, India, China, Regional Integration
28/04/2011 - The Board of Directors of the African Development Bank (AfDB) today approved its 2011-2015 Regional Strategy for Central Africa. The strategy is designed to reduce poverty through infrastructure development as well as institutional and human capacity building.
Categories: Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Congo, Equatorial Guinea, Gabon, São Tomé & Príncipe, Angola, Burundi, Regional Integration
08/04/2011 - In an effort to strengthen the quality of its direct on-the-ground support to regional member countries, the African Development Bank (AfDB) Board of Directors today approved a roadmap for decentralization of its operations over the next five years. The exercise revolves around three key pillars: strengthening the Bank’s existing field offices, expanding its presence in fragile states, and consolidating regional capacity.
Categories: Fragile States Facility, Regional Integration
