THE 19TH CONFERENCE OF PARTIES TO THE UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE (called "COP 19") concluded in November 2013 with a set of important decisions that are of special relevance to Africa. Amongst them was the "Warsaw international mechanism for loss and damage", which aims...
Event: Annual Statement to Ambassadors from the Member States of the Bank Accredited to Tunisia and Representatives of International Organizations
Excellencies, Dear Friends,
I would, first and foremost, like to thank you for accepting our invitation as usual. As with every year, I feel happy...
09-Jan-2014
AfDB adopts Integrated Safeguards System
On December 17, 2013 the Boards of the African Development Bank unanimously adopted the Integrated Safeguards System (ISS) – a cornerstone of the Bank’s strategy to promote growth that is socially inclusive and environmentally sustainable. Safeguards are a powerful tool for identifying...
The African Development Bank (AfDB) Board of Directors, on Wednesday, January 8 in Tunis, approved the Institution’s Results Measurement Framework (RMF) for the period 2013-2016. The RMF is a corporate management tool that will help the institution meet its development goals.
The RMF...
Agriculture is the dominant source of livelihood in Africa, especially in low-income rural areas. About 70% of the population is directly employed in the sector, and it accounts for approximately 30% of the region’s gross domestic product (GDP). Therefore growth in agricultural productivity is...
03-Jan-2014
Working Paper 195 - Inequality, Economic Growth, and Poverty in the Middle East and North Africa (MENA)
The wave of protests and unrests that swept across the Middle East and North Africa (MENA) region since 2011 has continued in different forms. In addition to demands for more economic and political inclusion, the protests had been largely sparked by a refusal to any longer tolerate the gross...
Although the relative share of the informal economy has been going down in Africa, it nonetheless remains a significant part of the continent’s modern economy. In 2010, the average share of the informal sector was approximately 40percent across the continent, down from 42 percent in 2000....
Access to finance is a major challenge, especially in emerging and developing economies. A key factor behind the persistence of this problem is the information asymmetry between lenders and borrowers that encourages adverse selection and moral hazard. To address this information asymmetry, credit...
Africa is becoming increasingly interconnected with the rest of the world through trade and financial transactions such as private capital flows, foreign direct investment (FDI), remittances, and Official Development Assistance (ODA).. From 2000 to 2010, Africa’s real export value quadrupled, with...