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01/08/2017 - The African Development Bank (AfDB) has signed tripartite grant agreements of US$ 34.8 million and US$ 43.8 million with the Republic of Somalia and the Republic of South Sudan respectively and the Intergovernmental Authority on Development (IGAD) under the Bank’s ‘Say No To Famine – Short Term Regional Emergency Response Project – STRERP’. IGAD will oversee the implementation of the project through an agency to be recruited in each of the countries. The agencies will work with the governments to put in place structures, systems and facilities that will enable them take on increasing responsibility for disaster management and delivery of humanitarian assistance.

Categories: Somalia, South Sudan, Poverty Reduction, Financial Crisis, Food Production, Human Capital Development


27/11/2014 - The Management Board of the African Legal Support Facility (“ALSF” or “the Facility”) launched a major meeting on November 26 in Abidjan to assess status of implementation of ongoing projects, among others. Discussions are expected to continue to November 27, and will provide an opportunity for the Management Board to consider approval of the work plan and budget for 2015, as well as other substantive documents for transmission to the Governing Council of the Facility.

Categories: Côte d’Ivoire, Private Sector, Financial Crisis, Poverty Reduction, Structural Transformation


07/11/2014 - The African Development Bank Group (AfDB) has approved a US $37-million (UA 25-million) Crisis Response Budget Support loan to Madagascar for the financing of its Emergency Economic Recovery Programme (PURE).

Categories: Financial Crisis, Partnerships, Education, Poverty Reduction, Private Sector, Board of Directors


02/11/2014 - The newly launched Millennium Development Goals 2014 Report (MDG 2014) has assessed that although poverty rates in Africa are declining at an accelerated rate since 2005, the pace is still too slow to meet the poverty reduction target.

Categories: Agriculture & Agro-industries, Education, Environment, Gender, Health, Water Supply & Sanitation, Youth, Ebola, Employment, Civil Society, Financial Crisis


01/11/2014 - While an increasing number of Africans are enjoying higher living standards, countries in Sub-Saharan Africa should redouble efforts to ensure crises such as the current Ebola outbreak in West Africa do not reverse development achievements, according to a report released here today during the African Economic Conference.

Categories: Health, Ebola, Employment, Financial Crisis, Environment, Youth, Infrastructure


10/12/2013 - A new publication, Financial Inclusion in Africa, released on Monday, December 9 by the Complex of the Chief Economist of the African Development Bank (AfDB) finds that for sustained and inclusive development to thrive, a great deal of innovation is needed to ensure that appropriate financial services and instruments are put in place for the benefit of the poor and other vulnerable groups in Africa.

Categories: Economic & Financial Governance, Financial Crisis, Chief Economist's Office


21/10/2013 - The outgoing United States Executive Director at the African Development Bank Group, Walter C. Jones, received glowing tributes from peers who cited his commendable service to the Bank during his last regular Board meeting on Friday, October 18 in Tunis ending his three-and-a-half-year duty tour in the Bank.

Categories: Tunisia, Economic & Financial Governance, Financial Crisis, The President, Board of Directors


24/09/2013 - According to Chedly Ayari, Governor of the Central Bank of Tunisia (BCT), “Migrants are development stakeholders in their own right.” He reiterated this belief time and again at a workshop on migrant money transfers organized by the African Development Bank (AfDB), and held at the Central Bank in Tunis on June 19, 2013.

Categories: Tunisia, Economic & Financial Governance, Regional Integration, Financial Crisis, Migration and Development Initiative


31/07/2013 - On Thursday, July 25, I was in Washington for an award ceremony at the US Treasury, in which two African Development Bank projects received recognition. Straight afterwards, I appeared on the Kojo Nnamdi show on Washington public radio alongside Lael Brainard, Under Secretary of State for International Affairs at the Treasury. We were discussing Africa, and its new investment opportunities. The message from both of us was of a resurgent Africa, a place for business and for opportunity, drawing strength from internal positive dynamics and still resilient to the slowdown in the global economy. We both emphasized how the work of the African Development Bank was contributing – in funding, in sharing knowledge, and in mobilizing investment.

Categories: United States of America, Uganda, Côte d’Ivoire, Economic & Financial Governance, Regional Integration, Youth, Financial Crisis, Poverty Reduction, Energy & Power, Aid for Trade Trust Fund, Human Capital Development, Gender, ADF


26/07/2013 - On the heels of the US Treasury Development Impact Honors ceremony in Washington, DC, African Development Bank Group President, Donald Kaberuka, joined a radio debate on “The US, Africa and the Global Economy” on American University Radio (WAMU 88.5FM). He was joined by LaelBrainard, Under Secretary of the US Treasury for International Affairs. Here are some of the program’s highlights.

Categories: United States of America, Economic & Financial Governance, Human Capital Development, Youth, Financial Crisis, Regional Integration, Poverty Reduction, Energy & Power, Aid for Trade Trust Fund, The President


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