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
Norway has been a member of the African Development Fund since 1973 and of the African Development Bank since 1982.
Norway’s development policy is designed to promote economic development, democratization, human rights, good governance and measures that can lift people out of poverty for good. Priority is given to education, global health, private sector development and job creation, humanitarian assistance, climate, renewable energy and environment.
Norway contributes to a number of trust funds and initiatives at the Bank. The Youth Entrepreneurship and Innovation Trust Fund provides grant financing to support the Bank’s Jobs for Youth in Africa Strategy. The Zimbabwe Trust Fund provides support to early recovery and development efforts in Zimbabwe. The Trust Fund on Value for Money Sustainability and Accountability in Social Sectors created in 2013 supports the Bank Group’s human capital development efforts and programs and its response to the challenges of ineffective and inefficient social spending in Africa.
Norway has also contributed to the Governance Trust Fund, which supported activities in the field of internal and external audit, procurement, tax and domestic revenue mobilization. The Norwegian Ministry of Foreign Affairs established a bilateral Norwegian Trust Fund in 2010 to finance the Bank’s gender equality and women’s empowerment initiatives and provide technical assistance in anti-corruption and results-based management.
Norway contributes to the African Legal Support Facility, a public international institution hosted by the Bank Group that is dedicated to providing legal advice and technical assistance to African countries negotiating complex commercial transactions, creditor litigation and other related sovereign transactions. The Facility also develops and proposes innovative tools for capacity building and knowledge management.
Norway was also one of the countries that provided the initial pledges to the Africa Water Facility Fund in 2005, an initiative led by the African Ministers’ Council on Water to mobilize resources to finance water resources development activities in Africa. It is hosted and managed by the African Development Bank.
Norwegian support has also gone 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 water.
Norway also contributed to the Congo Basin Forest Fund, whose overall goal is to alleviate poverty and to address climate change through reducing (slowing and eventually reversing) the rates of deforestation and forest degradation in the Congo Basin.