United States of America
The United States of America (USA) became a member of the African Development Fund (ADF) in 1976 and of the African Development Bank (AfDB) in 1983.
The U.S. Government’s bilateral cooperation with the AfDB has been strengthened through two cooperation agree- ments. In 2008, a Memorandum of Understanding (MoU) was signed with USAID to launch a five-year partnership in support of African small and medium-sized enterprises (SMEs). The thrust of this MoU is to accelerate investment in African SMEs. It also provides co-financing arrangements for a shared contribution of 40 per cent for AfDB, 10 per cent for USAID and 50 per cent for other partnering Banks. Another MoU was concluded with the Millennium Challenge Corporation (MCC) in May 2016that provides for sharing of information and data; particularly in the power sector and focuses on mobilizing private investment.
- In 2012, USAID contributed US $200,000 to the Migration and Development Initiative (MDI), which is a Multi-Donor Trust Fund aimed at 1) improving knowledge on migrant remittances in Africa, 2) providing support to reforms of the regulatory frameworks required to improve transfer conditions, 3) developing financial products, and 4) providing support for productive investment and local development in the migrants’ countries of origin. In addi- tion, USAID and the Bank Group are currently discussing further engagement in cooperation activities, including an establishment of a Multi-Donor Trust Fund for the agriculture sector, among others.
- USAID also contributed to the Multi-Donor Agriculture Fast Track Fund (AFTF) to facilitate project preparation in the agriculture sector where USAID committed USD 11 million, the African Legal Support Facility (ALSF) with USD 3 million and the Sustainable Energy Fund for Africa (SEFA)
Mr. Matthew TURNER
Acting Executive Director
Ms. Rachel LYNGAAS
Ms. Veronica GIARDINA
Principal Cooperation Officer
Resource Mobilization & Partnerships Department