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Denmark became a member of the African Development Fund in 1973 and of the African Development Bank in 1982.
Denmark’s strategy for development cooperation and humanitarian action, “The World 2030”, is built on four priority areas: 1) Security and development – Peace, stability and protection; 2) Migration and development; 3) Inclusive, sustainable growth and development, and 4) Freedom and development – democracy, human rights and gender equality. Youth is another key focus of the strategy.
The four priority areas outlined in the Strategy for Denmark’s Engagement with the African Development Bank Group 2016-2019 are to: (1) encourage the Bank to become a transformative actor for achieving inclusive and green growth championed by the private sector; (2) advocate a role for the Bank that continues to be strengthened in promoting stability in fragile situations; (3) support the Bank in leading the quest for good governance and the fight against corruption, and (4) encourage gender mainstreaming across all operations.
Denmark contributes to a number of Bank funds. The Youth Entrepreneurship and Innovation Trust Fund was established in November 2018 to provide grant financing in support of the Bank’s Jobs for Youth in Africa Strategy. The Fund for Countries in Transition was established in 2012 to support countries in transition that are undergoing deep institutional changes. The Sustainable Energy Fund for Africa provides technical assistance for the preparation of bankable renewable energy projects. Denmark contributes to the Agriculture Fast Track Fund established in May 2013 with Sweden and USAID, which is worth US $25 million and provides financing to infrastructure that enables and promotes investment in Africa’s agriculture. It also contributes to the Zimbabwe Multi-Donor Trust Fund that supports the early recovery and development efforts in Zimbabwe.
In 2010, Denmark and the Bank launched the African Guarantee Fund to meet the investment needs of SMEs and to develop the capacity of financial institutions.
Denmark has also made contributions to the Africa Water Facility, the Multi-Donor Water Partnership Program, and the Rural Water Supply and Sanitation Initiative.
Lastly, Denmark has contributed to the New Partnership for Africa’s Development Infrastructure Project Preparation Facility Special Fund, a multi-donor Special Fund hosted by the Bank that supports African countries to prepare regional infrastructure projects in energy, transport, ICT and transboundary waters.