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
Portugal joined the African Development Fund in 1982 and the African Development Bank in 1983. Portugal’s development cooperation sets out to integrate multilateral action to promote development and the achievements of the Sustainable Development Goals, security and human rights. Relations with Africa are one of the essential pillars of Portuguese development strategy. Two Technical Cooperation Agreements establishing a 100% tied (EUR 3.60 million) Technical Cooperation Fund and a 100% untied EUR 2 million Trust Fund strengthened Portugal/Bank Cooperation in 1985 and 2008. Portuguese authorities consider the replenishment of the Cooperation Trust Fund.
The Bank mainly collaborates with the Ministry of Finance. In December 2008, a new Technical Cooperation Fund was established for EUR 2 million between Portugal and the Bank. The untied resources focus private sector development, infrastructure, renewable energy and energy efficiency, good governance and capacity building, agriculture, water and the promotion of the Portuguese language in Bank operations.
Portugal has provided bilateral support to the Bank’s institutional capacity building, including targeted training programs and translation of such documents such as the Bank’s Annual Reports into Portuguese.
Portugal and the Bank also collaborated in a special internship program that seconded 14 Portuguese young professionals to the Bank between 2004 and 2010. Portugal contributes to the Debt Relief for the poorest countries under the Enhanced Heavily Indebted Poor Countries and Multilateral Debt Relief initiatives.
Following the official mission of Bank President Akinwumi Adesina to Portugal on November 13-14, 2017, an Action Plan was agreed by the Bank and the Government of Portugal to deepen the bilateral relationship. It calls for a number of initiatives that would include official bilateral support for the private sector and Small and Medium Enterprises development, infrastructure investment, trade finance, and regional integration. The Compact for the development for Lusophone countries is supposed to be launched in July 2018 during the CPLP summit in Praia (Cape Verde).
During the visit of the Portuguese Secretary of State to Abidjan on April 10, 2018 an Agreement was signed between the Bank and Portugal to provide Portuguese language training for Bank staff.