Financial Policy Papers

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Diversifying the Bank’s Products to Provide Eligible ADF-Only Countries Access to the ADB Sovereign Window
19/05/2014 16:58
Diversifying the Bank’s Products to Provide Eligible ADF-Only Countries Access to the ADB Sovereign Window
Délégation d'Autorité Générale et Règlement Financier du FAD
19/03/2013 11:11
Délégation d'Autorité Générale et Règlement Financier du FAD
Proposal for the Implementation of a Sanctions Process within the AfDB
05/07/2012 15:42
Proposal for the Implementation of a Sanctions Process within the AfDB
Fine-Tuning the Organizational Structure and Business Processes of IACD
05/07/2012 15:42
Fine-Tuning the Organizational Structure and Business Processes of IACD
Amendments to Rules and Procedures for the Procurement of Goods and Works and Rules and Procedures for the Use of Consultants
05/07/2012 15:42
Amendments to Rules and Procedures for the Procurement of Goods and Works and Rules and Procedures for the Use of Consultants
Disbursement Handbook
09/05/2012 12:55
Disbursement Handbook
2007 - Financial Regulations of the AfDB
27/05/2011 11:23
2007 - Financial Regulations of the AfDB
Proposal for a Framework for Managing GCI Resources and Large Loans
01/04/2011 23:00
Proposal for a Framework for Managing GCI Resources and Large Loans
Proposal for a Revision of Loan Pricing for Sovereign and Sovereign-Guaranteed Operations
02/05/2010 00:00
Proposal for a Revision of Loan Pricing for Sovereign and Sovereign-Guaranteed Operations
Bank Group Credit Policy
10/12/2004 00:00
Bank Group Credit Policy
The Evolution of the Bank Group Credit Policy 1.1 Prior to the adoption in 1992 of the Country Exposure Policy (Document ADBIBD/WP/92195), the Bank’s lending operations were conducted on the basis of very broadly defined principles rather than on a formal credit policy. These principles were outlined in the Agreement Establishing the African Development Bank (amended in May 1979) which stipulates that: "the Bank should extend lending to borrowing countries paying due regard to the prospects the borrower would meet its obligations on schedule". 1.2 Following the African debt crisis in the late 1980’s and early 90’s, during which several ADB borrowers accumulated significant loan arrears, it became clear that an explicit credit policy to guide lending to borrowing countries and to manage the Bank’s exposure needed to be developed. Consequently, in September 1992, a country exposure policy was adopted by the Bank. The policy outlined detailed standards to guide new lending operations aimed at enhancing the soundness of the Bank’s loan portfolio. Among the new standards adopted was a uniform exposure ceiling for all countries that should not exceed 15% of the Bank’s portfolio. During this period, many of the other multilateral and bilateral lenders to African governments began switching away from traditional loans to grants and highly concessionary funds; the ADB, on the other hand, was less responsive to these circumstances and continued to extend non-concessional loans to these countries. 1.3 In 1993, an Exposure Monitoring Committee was established to oversee the implementation of the country exposure policy. The Committee met regularly from its inception through mid-1994 to review individual country lending strategy with a view to recommending appropriate changes. However, the immediate impact of the new country exposure policy was limited because only few countries were close to the 15% lending ceiling. As ADB loan arrears continued to mRead more
Investment Management Guidelines for Heavily Indebted Poor Countries (HIPC) Initiative Resources
01/04/2004 00:00
Investment Management Guidelines for Heavily Indebted Poor Countries (HIPC) Initiative Resources
Updating the Bank’s Policy for Provisioning Public Sector Loans and Guarantees
23/04/2003 00:00
Updating the Bank’s Policy for Provisioning Public Sector Loans and Guarantees
Bank Group Policy and Procedures for Supplementary Financing
04/08/1997 23:00
Bank Group Policy and Procedures for Supplementary Financing
Bank Group Policy on Utilization of Savings on Loans
07/11/1989 00:00
Bank Group Policy on Utilization of Savings on Loans
Policy and Procedures for the Recovery of Arrears on Loans
24/05/1989 23:00
Policy and Procedures for the Recovery of Arrears on Loans
Bank Group Credit Policy
09/03/1989 00:00
Bank Group Credit Policy
Updating the ADF Asset Management Guidelines
01/01/1970 00:00
Updating the ADF Asset Management Guidelines
Bank Group Financial Sector Policy
01/01/1970 00:00
Bank Group Financial Sector Policy
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