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AfDB Group Private Sector Development Strategy 2012-2017
As the Continent’s primary development finance institution, the African Development Bank’s (AfDB) has elevated Private Sector Development (PSD) as one of its core corporate priorities. The Bank-wide PSD Policy commits the AfDB to supporting PSD, for broad-based, inclusive and sustainable economic growth, development, and social well-being in all its Regional Member Countries (RMCs) individually and jointly. The Policy recognizes the critical role that the private sector has to play in supporting RMCs’ efforts to tackle major development challenges. Its core objective is to harness African entrepreneurship and catalyze private investment for inclusive growth. It affirms the role of African businesses as agents of the Continent’s development and partners in delivering the Bank’s poverty alleviation mandate for prosperity.