ADF Replenishment

17-May-2019

ADF-11 Strategic Priorities Discussion Paper

The agenda for the ADF-XI Replenishment consultation in Dar es Salaam has designated a session for what ADB Management hopes will be an open and forwardlooking dialogue about strategic priorities and key issues for the agreement that we need to conclude this year.
12-Mar-2014

ADF-13 - Report on the Thirteenth General Replenishment of the Resources of the ADF

The Thirteenth Replenishment of the African Development Fund (ADF or Fund) marks 40 years of the Fund’s operations and results. It will come into effect at a time when Africa’s continuing transformation appears to have developed strong momentum. For the first time in a generation, there is consensus that Africa is the next emerging continent, and will contribute to a growing share of the world’s trade, investment and economic output.1 Africa is challenging the old aid and development narrative and has sufficient momentum to forge a new narrative: one of shared responsibility.
12-Mar-2014

ADF-13 - Resolution adopted on 31 January 2014

The relevant Articles of the Agreement (the “Agreement”) Establishing the African Development Fund (the “Fund”), in particular Articles 2 (Purpose), 4 (Resources), 7 (Additional Subscriptions by State Participants), 16 (Form and Terms of Financing), 19 (Technical Assistance), 23 (Board of Governors: Powers) and 26 (Board of Directors: Functions);
10-Mar-2014

First ADF-13 Replenishment Meeting - Accelerating Progress on Gender During ADF-13

Africa has made remarkable progress in reducing gender disparities. However, in several dimensions of life, African women continue to be disadvantaged. They earn lower wages, their working conditions remain comparatively poor, and they have limited access to financial resources and necessary skills and technology to improve their productivity. Women’s status is further undermined by discriminatory laws that deny them equal rights and legal protections. Despite producing most of the food consumed on the continent, they do not enjoy the same land ownership rights as men.
10-Mar-2014

First ADF-13 Replenishment Meeting - Financing Framework

The Thirteenth Replenishment of the African Development Fund (ADF-13) takes place in challenging times, with countries both inside and outside Africa trying to adjust to the impact of various crises. The African Development Fund does not yet have the capacity to reasonably self-finance the current level of development assistance required for eligible regional member countries, and therefore relies heavily on contributions from donors who share the same development vision for a better Africa.
10-Mar-2014

First ADF-13 Replenishment Meeting - Long-Term Financial Capacity of the ADF

The African Development Fund (ADF or the Fund) has supported the economic and social development of low-income countries in Africa since 1974. It is important for the Fund to regularly examine its financing framework and to optimize its development assistance capacity. This is particularly crucial in the fiscally constrained circumstances of many donor countries. Furthermore, the current low interest rate environment poses particular challenges and continues to reduce the Fund’s returns on the investment portfolio
10-Mar-2014

First ADF-13 Replenishment Meeting - Technical Annex

10-Mar-2014

First ADF-13 Replenishment Meeting - Options for a More Robust ADF Performance-Based Allocation System

The resources of the African Development Fund (ADF) are allocated to national country envelopes through the Performance-Based Allocation (PBA) system, to the dedicated envelope for Regional Operations (ROs) and to the Fragile States Facility (FSF). This paper presents options for improvements to the PBA system for determining national country allocations. The FSF is discussed in the paper “Review of the Bank’s Engagement in Fragile States”. The overall ADF resource allocation framework, encompassing all three elements, will be addressed in a comprehensive manner during the second ADF-13...
10-Mar-2014

First ADF-13 Replenishment Meeting - Review of the Bank Group Engagement in Fragile States

This paper provides a review of the Bank Group’s support to fragile and conflict-affected countries as implemented under the Strategy for Enhanced Engagement in Fragile States (2008). It presents Management’s vision for robust engagement in fragile states during the Thirteenth Replenishment of the African Development Fund (ADF-13) period, supported by a refined approach that reflects lessons from the Bank Group’s operational experiences over the years and the independent assessment and recommendations of the Operations Evaluation Department. It also takes into account emerging global good...
10-Mar-2014

First ADF-13 Replenishment Meeting - Overview Paper: ADF-13 Strategic and Operational Directions

Under the Thirteenth General Replenishment for the three-year cycle from 2014 to 2016 (ADF-13), the African Development Fund aims to strengthen its role in and responses to ADF countries. The cycle will mark 40 years of delivering results for the development of ADF countries. Guided by the Bank Group’s Long Term Strategy (LTS) for Africa, the Fund will promote inclusive growth and help ADF countries make a gradual transition towards greener growth. With Africa rapidly transforming, the Bank Group intends to be at the center of Africa’s transformation for the coming decade.
10-Mar-2014

First ADF-13 Replenishment Meeting - Programme and Agenda

10-Mar-2014

First ADF-13 Replenishment Meeting - Chairman's Summary

ADF Deputies and observers from international development institutions, bilateral agencies, AfDB Board members and AfDB Management met in Tunis, Tunisia on 21-22 February 2013 to discuss the thirteenth replenishment of the African Development Fund (ADF-13). They were joined in their discussions by the Governor from Côte d' Ivoire, and the Deputy Director from the Kenya Ministry of Finance, representing the Governor from Kenya. The President of Liberia, the Honourable Mrs JohnsonSirleaf also addressed the meeting. The meeting was chaired by Mr. Richard Manning and this Chair’s Summary is...
10-Mar-2014

Second ADF-13 Replenishment Meeting - Draft Deputies’ Report- Africa’s Fund- for Africa’s Future- Supporting Africa’s Transformation

The Thirteenth General Replenishment of the African Development Fund (ADF-13) takes place at a time of optimism for Africa as a developing growth pole in the world economy. The words ‘rising’ Africa are being used to characterize the continent. But it is also a time of risks and challenges, old and new, which could undermine or even reverse the achievements to date. Once stable Mali, for example, is fragile, after conflict. Natural resources are being discovered and explored, but these resources must be managed sustainably to ensure equitable and environmentally conscious growth. Productive...
10-Mar-2014

Second ADF-13 Replenishment Meeting - Resource Allocation Framework

This paper presents the framework for the allocation of the resources of the Thirteenth General Replenishment of the African Development Fund (ADF-13). Management remains committed to allocating the overall majority of ADF resources through the Performance-Based Allocation (PBA) system, which has proven an effective mechanism for directing more resources to stronger performing countries since its adoption in 1999.
10-Mar-2014

Second ADF-13 Replenishment Meeting - Innovative Financing Instruments

In an effort to make the Fund more resourceful, during the first consultation meetings for the thirteenth replenishment of the African Development Fund (ADF) held in Tunis, Management presented six innovative financing instruments in the paper “Long term financial capacity of ADF”. Management deepened its analysis of the potential demand for the products, their costs, ability to catalyze additional financing and their impact on debt sustainability, if any. Consequently, two proposals are submitted for the Deputies’ consideration- a Partial Credit Guarantee (PCG) and a Private Sector Facility...
10-Mar-2014

Second ADF-13 Replenishment Meeting - Technical Note on ADF Liquidity Policy

10-Mar-2014

Second ADF-13 Replenishment Meeting - Financing Framework and Capacity

During the first consultation meetings for the thirteen’s replenishment of the Fund held in Tunis, Management presented Deputies with both the “ADF-13 financing framework” and the “Long-term financial capacity of ADF” papers. At the conclusion of the meetings, Deputies had agreed upon (i) the reference period to be used to determine the ADF-13 foreign exchange rates, (ii) the standard 10- year encashment calendar, (iii) the revised framework for accelerated encashment and (iv) the accelerated repayment clause and voluntary prepayment framework to enhance financial sustainability.
10-Mar-2014

Second ADF-13 Replenishment Meeting - Proposed Adjustments to the Bank Group Framework for Engagement in Fragile States

During the first consultation meeting of the Thirteenth Replenishment of the African Development Fund (ADF-13) held in Tunis in February 2013, Participants strongly endorsed the high priority and support the Bank Group has provided to fragile states since 2008 under the Strategy for Enhanced Engagement in Fragile States. They supported Management’s efforts to strengthen the development outcome and operational effectiveness of Bank Group’s support while stressing the need for sustained and deeper engagement going forward. They also underscored the importance of the Fragile States Facility (FSF...
10-Mar-2014

Second ADF-13 Replenishment Meeting - Managing for Development Results- The One-Bank Results Measurement Framework (2013-2016)

Africa is the rising continent. With around one-third of its countries growing by more than 6%, it has become the world’s fastest-growing continent. This new economic dynamism is more than just a resource boom; it is the result of dramatic improvements in economic management. More than twothirds of African countries have improved their quality of governance, leading to a better business climate, improved basic services and expanded economic opportunities. Today, one of Africa’s main development challenges is sustaining the pace of growth over the long term. The African Development Bank’s...
10-Mar-2014

Second ADF-13 Replenishment Meeting - Institutional Effectiveness and Efficiency

The Bank Group (Bank) has successfully implemented its Medium Term Strategy (MTS) for 2008-2012. Despite a number of global and regional challenges it has maintained focus on the MTS priorities and implemented strategic initiatives to foster results orientation and better value for money. Through a more decentralized delivery model, it has improved client responsiveness by becoming more involved in policy dialogue and donor coordination, and greater field-based portfolio management. Resources are more aligned to operational priorities and business processes are faster and more flexible....