30-Apr-2014
Comparing the Real Size of African Economies
Launching the International Comparison Program for Africa Results
The African Development Bank is proud to announce the successful completion of the 2011 International Comparison Program for Africa. The AfDB will soon publish a full report with detailed Purchasing Power Parities (PPPs),...
Efficiency of the interbank market is very vital for the effective conduct of monetary policy. The interbank market plays at least three critical roles in any modern financial system that have important implications for the effectiveness of monetary policy.
First, a well-functioning interbank...
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 23, 2014 an unfunded US $50 million Risk Participation Agreement (RPA) with Commercial International Bank (Egypt) S.A.E. (CIB) to support trade transactions originated by issuing banks in Africa. The facility...
Applauding Cape Verde’s graduation to middle income status, the Board of Directors of the African Development Bank Group (AfDB) on Wednesday, April 23, 2014 approved a new Country Strategy Paper designed to support the Government in its efforts to lay the foundations for more inclusive and green...
23-Apr-2014
Launch of the AfDB 50th Anniversary Celebrations
Nigeria has become the largest economy in Africa and 26th largest in the world following the rebasing of its Gross Domestic Product from 1990 to 2010 constant prices. Following the recalculation, the Statistician General of the Federation announced on Friday, April 4 that the country’s GDP...
21-Mar-2014
Rwanda - Strategy and Policy Support Development Project (SPSD) - Project Completion Report
The relevance of SPSD development objective rating is considered Highly Satisfactory. The development objective was to contribute to improved competitiveness through an efficient and effective public sector while the specific objective of the project was to improve strategic leadership capacity in...
Kellogg Brown & Root LLC, Technip S.A. and JGC Corp. agree to pay the equivalent of US $17 million in financial penalties as part of Negotiated Resolution Agreements with the African Development Bank following admission of corrupt practices by affiliated companies in relation to the award of...