Sweden became a member of the African Development Fund in 1973 and a member of the African Development Bank in 1982.
The Aid Policy Framework presented by the Swedish Government in December 2016 outlines eight focus areas for development cooperation and humanitarian aid: 1) human rights democracy and rule of law; 2) gender equality, 3) the environment, climate change, and the sustainable use of natural resources, 4) peace and security, 5) inclusive economic development; 6) migration and development; 7) health equity, and 8) education and research.
Sweden’s Strategy for Cooperation with the Bank 2016–2018 identifies four areas in which it will continue to partner: 1) sustainable and inclusive economic development; 2) environment and climate; 3) gender equality, and 4) peace and state building.
Since 1998, the Swedish International Development Cooperation Agency has contributed funds to assist in the preparation and implementation of Bank development projects and programs. Proceeds of the Swedish Technical Cooperation Trust Fund were mainly used to finance technical assistance and studies in agriculture, forestry, water and sanitation, and transport. Currently, it is supporting the implementation of the Bank’s gender marker system.
Sweden supports the Agriculture Fast Track Fund, which was established in May 2013 and is worth US $25 million. It provides financing to infrastructure that enables and promotes investment in Africa’s agriculture. In 2010, Sweden contributed to the Zimbabwe Trust Fund that contributes to the recovery and development efforts in Zimbabwe. In 2011, it joined the Multi-Donor Governance Trust Fund, which supports activities in internal and external audit, procurement, tax and domestic revenue mobilization.
Sweden contributes to ClimDev-Africa Special Fund, which became operational in July 2014. ClimDev supports the generation and wide dissemination of reliable, high quality climate information in Africa, the capacity enhancement of policymakers and institutions to integrate climate change information into development programs. And the implementation of pilot adaptation practices demonstrating the value of mainstreaming climate information into development.
Sweden also contributed and provided support for African governments to develop their financial sectors through the Making Finance Work for Africa initiative. Launched at the Heiligendamm G8 summit in 2007, its mission is to provide a platform for African governments, development partners, and the private sector to coordinate financial sector development interventions across the continent. Its Secretariat acts as the Partnership’s coordinating body and is hosted by the Bank.
Sweden has also made contributions to the Africa Water Facility.
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- 29/08/2017 2017 World Water Week: AfDB joins global community to address water challenges
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