Considering the gravity of the crisis and the Bank’s capacity as the continent’s premier development finance institution, the African Development Bank (AfDB) Group is providing concrete support to institutions and projects in Africa given the intensity of external shocks and evaporating financial resources.

To this end, the AfDB Board of Directors on Wednesday, 4 March 2009 in Tunis, Tunisia, adopted a policy paper on the "Bank’s Response to the Economic Impact of the Financial Crisis”. The response comprises four initiatives to be considered together:

President Donald Kaberuka was received in audience in Carthage on Thursday morning by Tunisian Head of State, His Excellency Zine El Abidine Ben Ali. Mr. Kaberuka said the audience was an opportunity to discuss with President Ben Ali the Bank’s role in the economic development of Africa.  He recognized the great accomplishments in Tunisia and reassured President Ben Ali of the Bank’s continued commitment to the country’s economic development. It was the first tête-à-tête between both men since President Kaberuka took office in September.

The organisation that works to enhance and accelerate the development of Africa’s infrastructure is to hold its annual meeting next week – focusing on the impact of the international financial crisis on Africa as a key issue on the agenda.

The 5th Annual Meeting of the Infrastructure Consortium for Africa (ICA), which helps improve lives and economic well-being on the continent by encouraging, supporting and promoting increased investment in infrastructure in Africa, will take place in Rome from 10-11 March 2009.  

Tunis, 25 April 2007 – The African Development Bank (AfDB) has teamed up with major African investors to generate up to US$ 450 million in the first instance to finance a Pan-African Infrastructure Development Fund (PAIDF), a close-end private equity fund that will invest in infrastructure projects in the Energy, transport, ICT, water and sanitation sectors.

Bamako, 3 December, 2005 - The African Development Bank (AfDB) Group will strongly support regional efforts to establish centers of excellence in science and technology in Africa, according to Bank Group President Donald Kaberuka.