The African Development Bank (AfDB) Board of Directors on 17 December 2013 in Tunis approved supplementary African Development Fund (ADF) loan and grant financing totaling US$ 58.2 million for The Governance and Economic Competitiveness Support Programme (GECSP) in Tanzania.   The GECSP...

The African Development Bank (AfDB) Board of Directors on 18 December 2013 in Tunis approved the Addendum to the Somalia Country Brief 2013-2015, granting Somalia exceptional eligibility to access Fragile States Facility (FSF) Supplemental Support (Pillar 1) and 50 percent of its African...

The AfDB Board of Directors, on 17 December 2013 in Tunis, approved US$ 34.8 million grant resources from its Fragile State Facility (FSF) to finance the Public Financial and Macroeconomic Management Capacity Project (PFMMCBP) in Sudan. The project involves the installation of a fully integrated...

The African Development Bank Group (AfDB) and the Egyptian Ministry of International Cooperation on Thursday, December 19 in Cairo, Egypt, signed off on a grant for US $2 million to finance the Green Growth Industrial Waste Management and SME Entrepreneurship initiative. The grant comes from the...

Against the backdrop of heightened uncertainty and anaemic growth following the financial crisis and the ongoing euro area sovereign debt crisis, expectations about the role that monetary policy should play trying to stimulate growth have been raised. At the same time, the domestic economy has been...

Africa’s structural transformation will take time to achieve but policymakers are convinced that the time is right to make an earnest start. A recent policy document of the African Union Commission entitled “Africa 2063” projects the vision of: “[A]n integrated prosperous and peaceful Africa,...

The relative positive economic growth experienced by most African countries in the recent decade has come with insufficient demand stimulation. The concern of poverty at the forefront of economic policy, the need for inclusive growth and sustainable development, inter alia, brings forward the...

Bilateral Investment Treaties (BITs) are binding international treaties between two states under which each state undertakes certain reciprocal obligations in respect of any investments made by nationals of the other state within its territory. These treaties generally oblige each state party to...

In October 2013 both Zambia and Ghana received downgrades from the global ratings agency Fitch. Both countries were downgraded from B-plus to B as a result of growing and persistent deficits and. The Zambian authorities expect a deficit of 8.5 percent of GDP in 2013, against an expected target...