Poverty Reduction


Sudan - Technical Assistance and Capacity Building to the Preparation of a Full Poverty Reduction Strategy Paper - Project Completion Report

The overall objective of the project is to contribute to poverty reduction and economic and social development in the Sudan. The specific objective is to support the preparation of the full-fledged country Poverty Reduction Strategy Paper (PRSP). These objectives are congruent with the Bank’s strategy of support to the Sudan and fulfill the requirements of Pillar III of the FSF that provide resources dedicated to capacity building and technical support to Fragile States. The project is particularly relevant because the country has developed and endorsed an I-PRSP that provides an overview of...

Working Paper 327 - Poverty in Nigeria: A Multidimensional Approach

Nigeria, despite high GDP growth like its continental peers, is bedevilled by increasing poverty. Most studies, which define poverty in terms of income outcomes, describe this nexus between growth and poverty as non-pro-poor. A small but growing percentage of studies, which dominate the recent development literature and use a combination of income and non- income outcomes to measure poverty, describe this nexus as non-inclusive growth.

Policy Brief on the Financial Crisis - Impact of the Crisis on African Economies-Sustaining Growth and Poverty Reduction

Although most African countries are not on track to meet the Millennium Development Goals, Africa had made steady progress over the last decade, building the foundations for higher growth and poverty reduction. This more optimistic picture is now being undermined by factors outside its control. While the initial effects of the financial crisis were slow to materialize in Africa, the impact is now becoming clear. It is sweeping away firms, mines, jobs, revenues, and livelihoods; it is in short a full blown development crisis. For the first time in a decade there will be zero growth per capita...

African Development Bank calls for urgent global response as second cyclone hits Southern Africa

The African Development Bank has called for urgent global action in the wake of a second cyclone to hit the southern Africa coastal region in six weeks.  According to Bank President, Akinwumi Adesina, “we must have concerted international cooperation to establish management systems and responses to combat natural disaster.” Cyclone Kenneth is also the most extreme tropical tornado to hit Mozambique in the last 60 years, according to official records. “Timely intervention of national, regional and international actors and stakeholders are crucial when disaster strikes. Increasingly...

La Banque africaine de développement soutient la lutte contre le travail des enfants dans les mines de cobalt en RDC

Pour lutter contre le travail des enfants dans les mines de cobalt en République démocratique du Congo (RDC), la Banque africaine de développement a approuvé, mercredi 17 avril 2019, un financement de 84,36 millions de dollars américains en faveur du Projet d’appui au bien-être alternatif des enfants et jeunes impliqués dans la chaîne d’approvisionnement du cobalt (PABEA-Cobalt). Les administrateurs du Groupe de la Banque africaine de développement ont donné leur feu vert à cette aide, composée d’un prêt de 45,19 millions de dollars et d’un don de 32,14 millions de dollars, au titre de la...

South Sudan: Thousands receive food, thanks to Emergency Response project supported by the African Development Bank, WFP

Thousands of people in South Sudan have received relief from a food security project which is addressing the nation’s severe food and nutrition needs. The South Sudan Short-Term Regional Emergency Response Project (STRERP) was launched in December last year by the government with a $43.57 million grant from the African Development Bank. The World Food Programme is implementing the project. To date, WFP has succeeded in procuring 8,500 MT of food, representing about 85 percent of the planned food procurement under this project. Food has been delivered to over 175,000 beneficiaries - more...

Nigeria’s Emir Sanusi urges Africa to put education and the poor at the centre of development

One of Nigeria’s foremost traditional rulers has challenged Africans and development experts to rethink development financing to reach the poorest communities on the continent, to give them access to markets, education and healthcare. “Development needs to impact those at the bottom of the pyramid,” Emir Sanusi II, the monarch of the northern Nigerian city of Kano said in a keynote at the 21st Eminent Speakers Lecture Series of the African Development Institute. “And as Africans and policy makers, our mindset, our attitude and our approach to development needs to change,” said...

We have high hopes and expectations for your country, Adesina tells President of São Tomé and Príncipe

African Development Bank President, Akinwumi Adesina, met with São Tomé and Príncipe President Evaristo Carvalho on Wednesday, just as the Bank’s Board of Directors in Abidjan approved the island nation’s new Country Strategy Paper 2018-2022.  “We have long been a supporter of your country and have great hopes and expectations for it. You have a clear vision for the country. A new Country Strategy Paper was approved, defining our new collaboration. Together we will focus on agriculture, the blue economy, employment for women and youth, and the financial sector.” Carvalho...

African Development Bank President in São Tomé and Príncipe to strengthen alliances

The first President of the African Development Bank group to set foot on São Tomé and Príncipe, Akinwumi Adesina has arrived in the country for a five-day official visit to strengthen alliances between his institution and this lower middle-income island nation with a fragile economy. He was welcomed by Américo dos Ramos, the Minister of Finance, Trade and Blue Economy, who is also the country’s Governor at the African Development Bank, and by the Minister of Foreign Affairs, Urbino Botelho. To help promote a competitive financial sector, the President of the African Development Bank...

African Development Bank at the centre of "a great Africa moment": North African Governors

“This is no longer business as usual,” African Development Bank President Akinwumi Adesina, said at the start of meetings with Finance Ministers from North African countries, held at the Bank’s headquarters. He was referring to his promise during last year’s Annual Meetings to cultivate closer interactions with the ministers who serve as Governors of their countries in the Bank. But the President could also have been referring to the sense of urgency gripping the region and the continent at large, as it struggles to keep pace with a booming population of unemployed youth despite robust...

East African Ministers share African Development Bank's vision for the continent

In a historic first, East African Governors of the African Development Bank met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse region. On the agenda: closing the $170 billion infrastructure gap across the continent, keeping pace with the region’s booming youth population, creating jobs and safeguarding peace and security. President Adesina assured the gathering that the Bank intends to make the strategic regional consultations an annual event to allow for more open dialogue,...

Africa's population explosion is a ticking time bomb - African Development Bank Governors

The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.” The meeting described the continent’s growing young population as a potential growth engine for the world. “The good news is that the solution is within our reach and will require investments,” said Akinwumi Adesina, President of the African Development Bank. At the end of a two-day consultation at the headquarters of the Bank in Abidjan, CÕte d’Ivoire, the Bank...

Executive Directors of the African Development Bank Conclude Consultation Mission to Sudan

The Executive Directors of the African Development Bank concluded a five-day Consultation Mission to Sudan on Tuesday, 15th February 2017 with a wrap-up meeting at the Ministry of Finance and Economic Planning. During this mission, the EDs held discussions with  President Omar Al-Bashir; officials of the ministries of Finance and Economic Planning; Foreign Affairs; Agriculture; Animal Wealth; Education; Health; Higher Education; Industry; Electricity; Mineral Resources; Oil; Social Security; and Transportation. They also met with officials of the Central Bank and Mamoun Beheiry...

Japan provides US $700 million to African Development Fund

The Japan International Cooperation Agency (JICA) has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance (ODA) loan to the tune of 73.601 billion Japanese Yen (approx. US $700.9 million). The loan is part of Japan’s contribution to the African Development Fund’s Fourteenth Replenishment (ADF-14). This is the first JICA loan provided to the ADF. The loan will provide the African Development Fund with resources to support recipient countries during the ADF-14 period (January 1, 2017 to December 31, 2019), and contribute to...

African Development Bank hosts second Africa Resilience Forum in Abidjan

More than 300 people were expected on Thursday, February 8 in Abidjan, Côte d'Ivoire, to attend the opening of the second edition of the Africa Resilience Forum organised by the African Development Bank on the theme “Building Resilience at the Bottom of the Pyramid.” The main addition of the 2018 edition, which will be held over two days, is the presentation of innovative and relevant solutions that contribute to the Bank's five strategic priorities, known as the High 5s, at a community level. About 15 businesses and start-ups will exhibit their products, which have...

AfDB Projects changing Lives in Egypt

To better demonstrate the impact on the ground of AfDB support in Egypt, we visited a selection of projects, actors and apprentice-entrepreneurs who are among the beneficiaries of two projects financed by the Bank in Egypt. These are the Rural Income and Economic Enhancement Project (RIEEP) and the Support to MSMEs in Organic Clusters Project (OCP).

Le Niger obtient 43 millions de dollars de la Banque africaine de développement sous forme d’une aide budgétaire

« C’est dans les moments les plus difficiles qu’on doit pouvoir compter sur ses vrais amis ».  Au seuil de la nouvelle année 2018, cette sagesse populaire prend toute son sens pour le Niger qui va bénéficier d’un don de 30 millions d’UC, l’équivalent de 43 millions de dollars américains (EU) de la part de la Banque africaine de développement. Approuvée mercredi 10 janvier à Abidjan, en Côte d’Ivoire, par le Conseil d’administration de la Banque, l’aide accordée au Niger, pays dont l’économie a été fragilisée par la chute brutale de l’uranium son principal produit d’...

Continental initiatives drive Africa’s infrastructure growth

Continental initiatives are driving the new growth in infrastructure demand in Africa. This was the message conveyed to donor partners at the 23rd Oversight Committee (OC or Board) Meeting of the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor Special Fund hosted by the African Development Bank (AfDB). Presenting the new NEPAD-IPPF Strategic Business Plan (SBP) for the five-year period 2016-2020 to members of the OC, who included representatives from Canada, Germany, the United Kingdom as well as the African Development Bank (AfDB), Shem Simuyemba, the new...

One Planet Summit - Joint IDFC-MDB Statement - Together Major Development Finance Institutions Align Financial Flows with the Paris Agreement

The global development agenda is being transformed in fundamental ways. The Sustainable Development Goals (SDGs), agreed upon by the international community, constitute a universal compass, highlighting the need for systemic and collective action for sustainable, equitable and inclusive development for everyone on this planet. The imperative for mobilizing and shifting financial flows, public and private, towards sustainable development was highlighted by the 2015 Addis-Ababa Financing for Development Conference. The Paris Agreement reached at COP21 recognized that all countries and...

Launch of UNDP study on Income Inequality Trends in Sub-Saharan Africa

The United Nations Development Programme launched its Income Inequality Trends in Sub-Saharan Africa report on Monday during the African Economic Conference in Addis Ababa, Ethiopia. Income Inequality Trends in sub-Saharan Africa: Divergence, Determinants, and Consequences explores and analyzes country trends and provides policy guidance that can help Sub-Saharan Africa reduce income inequality. The study underlines the absence of economic diversification, high concentration of means of production, and limited distributive capacity of the state as the key drivers...