The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
The role of the Resource Mobilization and External Finance Department (FRMB) is to support the financing of Africa’s transformation based on AfDB’s Ten-Year Strategy for 2013-2022. Divided in two divisions, the Department leads the Bank Group’s resource mobilization, partnerships, and management of donor and partner relations. The Department achieves its mission by targeting sovereign and non-sovereign entities which have an interest in Africa.
The FRMB.1 Division is responsible for fund-raising initiatives and partnerships with sovereign entities. It is mandated to mobilize, allocate and monitor resources for the Bank’s statutory capital including the African Development Fund (ADF) and ensuring compliance with the ADF rules and the commitments taken upon the replenishment negotiations. It leads, coordinates and supports the implementation of HIPC and MDRI. The FRMB.1 Division coordinates the Country Policy and Institutional Assessment (CPIA) and is responsible for the process of allocating ADF resources among beneficiary countries, and monitors their use in accordance with various ADF policies and guidelines. The FRMB.1 Division leads the partnership with sovereign entities such as bilateral aid agencies and manages bilateral trust funds. The Unit monitors the use of the allocated resources and produces a periodic Monitoring Report. The Division 1 is also involved in the management of bilateral Trust Funds of legacy development partners.
The FRMB.2 Division manages the coordination of relations and strategic partnerships with non-sovereign entities and international institutions (including pan-African and regional organizations, Bretton Woods Institutions, UN, Multilateral and Regional Development Banks, foundations, the World Economic Forum, and others).
The Division promotes co-financing with non-sovereign entities. It is expected to find innovative ways to partner with non-traditional donors and to work with other departments of the Bank Group seeking to find resources for their initiatives (e.g. Africa50). The FRMB.2 Division works to develop innovative financial products and risk mitigation instruments which catalyze private capital to finance development in Africa. The Division serves as a central focal point for the Bank’s partnerships management and monitors the implementation progress and results of the Bank’s partnerships and cooperation work. The Nigeria Trust Fund (NTF) is also under the Division.
FRMB reports directly to the Vice-President in charge of Finance (FNVP).
FRMB1. Main’s activities are as follows:
FRMB2. Main’s activities are as follows: