Liberia: AfDB Approves Urban Water and Sanitation Project to Benefit More than Half a Million People

Tunis, 19 May 2010 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved on 19 May 2010 in Tunis, a grant of UA 24.63 million, equivalent to 37.22 million USD, and a Fragile State Facility grant of UA 1.46 million (equivalent to 2.21 million USD) to finance an urban water supply and sanitation project in Liberia. The project seeks to improve access to adequate, safe and reliable water supply and public sanitation services for the people in the towns of Monrovia, Buchanan, Kakata and Zwedru on a...

AfDB High-Level Delegation Led by President Kaberuka in China

Written by Felix Njoku Africa’s Relations with China will benefit immensely from the 3-6 February 2010 African Development Bank (AfDB) Group’s high-level visit to the country. The visit, led by the Bank Group’s President, Donald Kaberuka at the invitation of China's Central Bank Governor, Zhou Xiaochuan, will provide both sides the opportunity to share experiences on key development issues. It will also provide the Bank Group’s delegation an opportunity to gain fist-hand knowledge on China’s outstanding economic growth and industrial expansion. On Thursday, President Kaberuka and his...

African Development Bank Marshals African Response to Global Economic and Financial Crisis

The current financial and economic crisis has deepened Africa’s development challenges. It has slowed the drivers of economic growth, including prices and demand for primary commodities, capital flows, foreign direct investment and regional integration, especially in low-income countries and fragile states. Countries dependent on natural resources, including copper, cobalt, oil, timber, and diamonds have taken a particularly hard hit. While mining, textile and other enterprises are closing in some states, many are cutting back on vital infrastructure projects, compromising important gains...

“The Financial Package to Cote d’Ivoire is an Innovative Solution,” asys Janvier Litse, Director, Operations West, AfDB

Question: The African Development Bank on Friday, March 6, 2009, approved a US$ 506 million arrears clearance package for Côte d’Ivoire and this will enable the institution to re-engage with the country. What role did the Fragile States Facility play in the process? Answer: Allow me to recall that in 2008, the Bank set up a Fragile States Facility with US$ 900 million. Its main objective was to provide the Bank with an enlarged integrated framework that would enable it help eligible fragile states in a more efficient way in order for them to consolidate peace, stabilize their economies and...

Bank Group President and French Economy, Industry and Employment Minister Discuss Food Security

French Economy, Industry and Employment Minister, Christine Lagarde, on June 27, 2007, received the African Development Bank (AfDB) Group President, Donald Kaberuka. Discussions during the meeting focused on issues of common interest, especially on official development assistance. France is making considerable contributions to the African Development Fund (ADF) replenishment, private sector development and food security on the continent. Both parties commended Africa’s sustained economic growth of 5.7% while regretting insufficient growth in the agricultural sector which stands at 3%....

Zimbabwe Meets Financial Commitment with AfDB

In a bid to actively reconnect with international donors, the Zimbabwean government last month paid part of its arrears to the African Development Bank (AfDB) Group. On April 14, 2008, the country paid US$ 500,000 to the African Development Bank and US$150,000 to the African Development Fund. Zimbabwe has, in all, paid US$ 650,000 to the Bank Group despite numerous economic challenges currently facing the country, both globally and locally. According to Mr. Abdirrahmene Beileh, AfDB acting Director in charge of Southern African countries, "Zimbabwe is still owing the Bank large amounts...

AfDB, Cape Verde Sign Electricity Project Loan Agreement

The Bank Group and Cape Verde signed on Thursday, in Praia, an agreement for an ADF loan of 4.82 million Units of Account* (UA) to help finance an electricity production and transmission project on Santiago Island. The AfDB Resident Representative in Senegal, Mohamed H’Midouche, signed on behalf of the African Development Fund, the soft loan arm of the African Development Bank Group, while the Minister of Economy, Growth and Competitiveness, Jose Brito, signed for his country. The project is estimated to cost 32.64 millions UA, about 55 millions US dollars. The JBIC is...

Donors agree on Tenth Replenishment of the African Development Fund

Copenhagen, 17 December 2004 – The African Development Fund (ADF) Deputies met in Copenhagen, Denmark, on December 16-17, 2004, for the Tenth Replenishment of the African Development Fund. Representatives of borrowing countries (Burundi, Ethiopia, Mali and Zambia) also participated in the replenishment discussions. In line with commitments made at Monterrey, Johannesburg and the G8 meetings for attaining the Millennium Development Goals (MDGs) and recognizing the increase in the absorptive capacity of a number of ADF countries resulting from wide-ranging reforms implemented over the...

Republic of Madagascar President Andry Rajoelina opening speech at 2nd ADF Replenishment Meeting, July 2019, Madagascar