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AfDB Annual Report 2016
In accordance with Article 32 of the Agreement establishing the African Development Bank and Articles 8, 11, and 12 of the General Regulations adopted thereunder, and pursuant to Article 26 of the Agreement establishing the African Development Fund and Articles 8, 11, and 12 of the General Regulations adopted thereunder, the Boards of Directors of the Bank and of the Fund hereby submit to the Boards of Governors the Annual Report and Financial Report of the African Development Bank and the African Development Fund for the financial year ended 31 December 2016.
The Annual Report includes a review of developments in the operational activities of the Bank Group during 2016. The Financial Report contains the full set of audited financial statements of the Bank and the special purpose financial statements of the Fund, together with the approved administrative budget for 2017 and the review of financial management and financial results. These reports are available electronically on the Bank Group’s web page at www.afdb.org/annualreport.