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First Steps of Bank's Return to Abidjan
28-Feb-2013 - An improved socio-economic setting A commitment of US $1 billion for Côte d’Ivoire Homage to ECOWAS for ongoing peace initiatives The African Development Bank Group, on Wednesday, February 27, 2013, held the first meeting of its Board of Directors in Abidjan since the Bank’s relocation to Tunisia in 2003, signalling the first steps of the Bank’s return to Côte d’Ivoire, AfDB President Donald Kaberuka said at the meeting’s opening.
Promoting Economic Reforms in Developing Countries Rethinking Budgetary Aid?
28-Feb-2013 - This paper, published in January 2013 by the Chief Economist Complex of the African Development Bank, examines donor practices in the use of budgetary aid to promote economic and structural reforms in developing countries, notably in Africa.AfDB Cites African Countries’ Integrated Climate Resilience Solutions in the Water Sector in CIF Global 2012 Annual Report
27-Feb-2013 - The African Development Bank (AfDB) has laid out solutions some African countries are about to apply, with help from the AfDB and the Climate Investment Funds (CIF), to respond to complex problems that climate change is creating on their combined sectors of water, food and energy.Sierra Leone Strengthens Its Commitment to Inclusive Green Growth with Support from the AfDB
27-Feb-2013 - An African Development Bank team composed of experts from the Energy, Environment and Climate Change Department (ONEC) and the Sierra Leone Field Office (SLFO) completed its second green growth mission to Sierra Leone from February 4 to 8, 2013. The objective of the mission was to work further with Government counterparts on mainstreaming green growth into Sierra Leone’s Poverty Reduction Strategy Paper (PRSP) – (2013–2017) called “Agenda for Prosperity”, currently under preparation.AfDB Approves US $200-million Risk Participation Facility to Standard Chartered Bank
26-Feb-2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, February 20 an unfunded US $200-million Risk Participation Agreement (RPA) with Standard Chartered Bank (SCB). The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing. Moreover, it will foster financial sector development, regional integration, and contribute to government revenue generation.US-Africa Trade Up More Than 500% But Many African Countries Losing Out, Washington-based Expert Tells AfDB Staff
26-Feb-2013 - Africa’s trade with the United States grew by more than 500 per cent between 2001 and 2011, but many African countries missed out on that five-fold growth, a leading Washington expert told African Development Bank (AfDB) staff recently.AfDB Approves a US $200-million Facility to Reinforce Ecobank’s Trade Finance Capacities
26-Feb-2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, February 20 a Trade Finance package of US $200 million comprising an unfunded risk-sharing facility and a trade facilitation loan, to support Ecobank Transnational Incorporated’s (ETI) trade finance activities in Africa.
AfDB Board of Directors in Abidjan
26-Feb-2013 - The Prime Minister of Côte d’Ivoire, Daniel Kablan Duncan, expressed his Government’s gratitude in receiving the African Development Bank’s Board of Directors as well as Senior Management on February 26 in Abidjan. “This is a strong signal for Côte d’Ivoire at the time the Bank is preparing to return to its headquarters in Abidjan,” Duncan said of the Bank delegation. “But beyond this symbolism, it is an opportunity to reinforce our cooperation.”Landmark Workshop on Drought Resilience and Sustainable Livelihoods Program in the Horn of Africa Underway
25-Feb-2013 - The workshop on the Drought Resilience and Sustainable Livelihoods Program (DRSLP) in the Horn of Africa (HoA) commenced on Friday, February 22 at the African Union Headquarters in Addis Ababa, Ethiopia. The workshop, which runs to February 24, was jointly organized by the Inter-Governmental Authority on Development (IGAD) and the African Development Bank (AfDB).AfDB Supports Mozambique in Moving Closer to a Working Green Growth Action Plan
25-Feb-2013 - Stakeholders across Mozambique gathered in a consultation on the country’s developing Green Growth Action Plan (GGAP) in December 2012. The African Development Bank (AfDB) team lead the work to support the Government. Participants in the consultations involved representatives from Government, private sector, civil society, development partners and academia in full-day presentation and discussion events in the three regions of the country: north, centre and south. Together with the Government, AfDB and UNDP jointly organized the consultations.AfDB Approves Debt Relief for Comoros
25-Feb-2013 - The Board of Directors of the African Development Bank Group has approved debt relief for the Union of the Comoros following the country’s attainment of the completion point under the enhanced Highly Indebted Poor Countries Initiative (HIPC). The Board also approved the Comoros’ eligibility to benefit from the Multilateral Debt Relief Initiative (MDRI) to the tune of US $76.9 million.First Meeting of General Assembly of Regional Platform on Drought Resilience and Sustainability in Addis Ababa
25-Feb-2013 - To address the recurrent droughts and related human, production and environmental concerns in a sustainable manner, the Summit of the Heads of State and Government of countries in the Intergovernmental Authority On Development (IGAD) region, held in September 2011, called for the urgent implementation of policies, strategies and programs aimed at building resilience to future climatic and economic shocks.AfDB Re-Engages with the Federal Government of Somalia
25-Feb-2013 - An African Development Bank Group mission led by Abdirahman Beileh, Acting Director of the Agriculture and Agro-Industry Department, and comprising members of the Fragile States Unit and the East Africa Regional Resource Centre (EARC), visited Mogadishu, Federal Republic of Somalia, from February 14 to 19, 2013.First in Nigeria: African Sustainable Transport Preparation Grant Approved by Climate Investment Funds for AfDB Implementation
22-Feb-2013 - The Climate Investment Funds (CIF) has approved a grant of US $950,000 to help Nigeria prepare for a proposed project to revamp Abuja’s mass transit system. The request for the project preparation money was submitted to the CIF by the Government of Nigeria and the African Development Bank (AfDB).Nigeria Receives Approval for Additional CIF $50 million to Bolster Energy Efficiency and Renewable Energy Use with AfDB Support
22-Feb-2013 - The Climate Investment Funds (CIF) has announced an agreement to provide Nigeria with US $50 million to support an African Development Bank-supported program of financial intermediation for renewable energy and energy efficiency through local banks, as part of the country’s national Investment Plan endorsed by the CIF in 2010.
Ellen Johnson Sirleaf: "The African Development Bank is Africa’s Best Advocate"
21-Feb-2013 - On an official visit to the African Development Bank Group temporary headquarters in Tunis, Liberian President Ellen Johnson Sirleaf participated in a two-day meeting on the African Development Fund replenishment from February 21-22, 2013. In an address to the Bank’s Board of Directors, Johnson Sirleaf emphasized the need to increase funding to fragile states, calling on the AfDB to adjust its strategy in this regard.
Malawi and Kenya Launch AfDB Financed Lilongwe West By-Pass Road Project
21-Feb-2013 - Malawi President Mrs. Joyce Banda and Kenyan President Mr. Mwai Kibaki, who was on a three-day state visit to Malawi, officially launched the construction of the ADF financed Lilongwe West By-Pass Road Project, at a colourful ground breaking ceremony held on 17th January 2013 in Lilongwe. AfDB Resident Representative in Malawi, Andrew Mwaba represented the Bank at the ceremony, which was also attended by cabinet ministers and senior officials from Kenya and Malawi.AfDB Contributes to Presidential Summit on Innovative Funding of Water Sector in Nigeria
21-Feb-2013 - The African Development Bank Group is committed to supporting its regional member countries in their quest to increase sustainable access to safe water and basic sanitation in urban and rural areas. In line with this commitment, AfDB Vice-President Gilbert Mbesherubusa led the Bank’s participation at the just-concluded Nigerian Presidential Summit on innovative funding of the water sector held in Abuja.Projects Financed by AfDB and CIF Reduce Nearly 7 Million Tonnes CO2, Create 1.3 Million New Electricity Connections in Africa
20-Feb-2013 - The African Development Bank’s Financing Change: The AfDB and CIF for a Climate-Smart Africa is the Bank’s second semi-annual report on its work to implement the Climate Investment Funds (CIF) in Africa, covering July-December 2012.