Sudan: Donors Pledge USD 3.6 billion for the Reconstruction of Darfur

A two-day donor conference on Sudan ended on 8 April in Doha, Qatar with a pledge of USD 3.6billion.  The amount, which will be paid over six years, will be devoted mainly to the development and reconstruction of the Darfur region. For its part the African Development Bank (AfDB) participated actively in the meeting.  As one of the key donors supporting this event, the AfDB took the lead in assessing infrastructure needs in Darfur, together with the World Bank and the United Nations Office for Project Services (UNOPS). The Bank was represented by a delegation led by its Resident...

Multilateral Development Banks Join Forces to Track Climate Financing

The African Development Bank led a team of Multilateral Development Banks (MDBs) to develop a new joint approach to track climate financing including Adaptation and Mitigation Financing. The reports were launched during a side event panel at the UN Climate Change Conference (COP18) in Doha on December 5. The new common methodology to track climate financing and value its impact was launched during a panel discussion on the topic, featuring representatives from each of the MDBs involved – the AfDB, Asian Development Bank (ADB), European Bank for Reconstruction and Development (...

Doha Discussion Centres on Managing Shared Watersheds in Africa in a Changing Climate

A group of high-level experts led by the African Development Bank (AfDB) gathered for a panel discussion during the UN Climate Change Conference (COP18) on December 5 in Doha to take stock of the existing challenges being faced by transboundary natural resources management within the context of climate change. The AfDB has played a critical role so far in transboundary management of natural resources but the challenge now is to fully take into account climate change as a factor within this management. The case of how shared watersheds across Africa are being affected by...

Africa Should Build Capacity to Use Green Climate Funds, Says AfDB Vice-President

On the sidelines of the United Nations Climate Change Conference (COP18), underway from November 26 to December 7, 2012 in Doha, Qatar, the African Development Bank (AfDB) said that African countries should build or reinforce their capacities to use efficiently green climate funds when they become available. The statement was made by AfDB Vice-President Aly Abou-Sabaa at a high-level panel discussion on “Financing Climate Change: Africa’s Access to Convention Funds”. The meeting brought together African government officials, representatives of development institutions and key players in...

New AfDB Report Offers Concrete Proposals for African Countries to Benefit from the GCF

A new report by the African Development Bank, in collaboration with Vivid Economics, makes concrete proposals that will facilitate access by African countries to the Green Climate Fund. Launched in Doha on the sidelines of the UN Climate Change Conference (COP18), the “Getting Africa Ready for the Green Climate Fund” report makes a series of recommendations for the Green Climate Fund board and African nations that will increase the likelihood that African countries, with the support of the African Development Bank, will be able to access increased flows of climate finance from this...

AfDB at COP18

Efforts from the international community and African countries to improve access to climate finance in Africa have yielded significant results in recent year; however the current flows remain insufficient to meet Africa’s actual needs. The African Development Bank Group (AfDB) is playing a key role as financier, partner, and advisor to its Regional Member Countries to assist them in enhancing access to available resources, as well as to capitalize on future financing opportunities. The Bank has also scaled up efforts to optimally apply its privileged position as a convener and voice of...

Economic Brief - Inequality and Arab Spring Revolutions in North Africa and the Middle East

The Middle East and North Africa (MENA), made up of the Arabian Peninsula, the Levant, and North Africa (Figure 1), has one of the fastest growing populations in the world. In 2011, its population was estimated at 355 million. The region has vast reserves of oil and natural gas: estimates in 2011 put its known oil reserves at more than 50% of the global total while its known gas reserves were estimated at more than 40% of the world total. At the same time, the region accounts for over 35% of world oil production and over 20% of global natural gas production.

Four Countries Join Deauville Partnership in Support for MENA Reform

USD 38 billion available to aid change in Tunisia, Egypt, Morocco and Jordan The Deauville Partnership, set up at the G8 meeting in the French seaside town in May 2011 with the aim of supporting political and economic transformation in Tunisia, Egypt, Jordan and Morocco, has welcomed five new members. The Partnership’s founding members were the G8 countries together with Egypt and Tunisia.  After a meeting of its finance ministers in Marseilles, France, on 10 September the Partnership announced in a communiqué that Kuwait, Qatar, Saudi Arabia, Turkey and the UAE, had...

AfDB Reiterates Commitment to Help Improve Extractive Industries Governance

Tunis, 18 February 2009 – The African Development Bank (AfDB) Group has reiterated its commitment to help improve extractive industries governance in the institution’s African member countries in support of their efforts to manage public resources efficiently for development. In a speech at the 4th EITI  (Extractive Industries Transparency Initiative) Global Conference in Doha, Qatar,  the AfDB Vice President for Sector Operations, Zeinab El-Bakri, said such commitment was in line with the Bank’s Governance Strategic Directions and Action Plan, which seeks to strengthen...

Going forward from Doha: How to keep Africa’s Aspirations Alive

Doha, December 2, 2008 - How to ensure Africa maintains the momentum created since the Monterrey Summit in 2002 in a dramatically altered landscape must remain top of the agenda for Africa and her partners; The President of the African Development Bank said yesterday in Doha. "The significant advances made by Africa on all fronts since 2002, were, indeed fragile, but they were real.  That is now being tested by the multiple crises the continent has faced over the last 24 months" said the President. Speaking at the United Nations International Conference on Financing for...

Résumé des travaux de la Conférence sur le financement du développement organisée par l’ONU à Doha du 29 novembre au 2 décembre : besoin d’un nouveau multilatéralisme

La réunion de Doha sur le financement du développement a relayé l’appel lancé par le président Kaberuka pour une solution « globale et inclusive », le 12 novembre 2008 à Tunis, lors de la conférence ministérielle sur la crise financière. Réunis à Doha pour faire le point sur la mise en œuvre du processus de Monterey, les chefs d’Etat et de gouvernement du monde entier se sont également penchés sur les impacts de la crise financière. Ils ont réitéré l’importance d’un plan de relance de l’économie mondiale qui soit réellement global et inclusif, prenant également en compte les besoins des...

Global Leaders Converge on Doha to Discuss Development Finance

The African Development Bank (AfDB) Group President, Donald Kaberuka, will join leaders from around the world in Doha, Qatar, for a high level summit prior to the International Conference on Development Financing organized by the UN from November 29-December 2, 2008. The international conference on development finance monitoring is organized by the UN to shed light on the 2002 Monterrey Consensus, an important stage that marks the global agreement between the North and South on development principles. The conference is expected to make recommendations on measures aimed at reinvigorating...