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AfDB Group Annual Report 2004

16-May-2005

In accordance with Article 32 of the Agreement Establishing the African Development Bank and Articles 8, 11 and 12 of the General Regulations made thereunder, and pursuant to Article 26 of the Agreement Establishing the African Development Fund and Articles 8, 11 and 12 of the General Regulations made thereunder, I have the honor, on behalf of the Boards of Directors of the Bank and the Fund, to submit the audited Financial Statements of the two institutions for the financial year that ended on December 31, 2004, as well as the Administrative Budgets for the period commencing January 1, 2005 and ending December 31, 2005.

The joint report also contains a review of recent developments in the African economy and the operational activities of the Bank Group for the year 2004.

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