The Transition Support Department (ORTS) of the African Development Bank kicked off Day 1 of the Bank’s 2015 Annual Meetings on Monday, May 25 by hosting the International Dialogue on Peacebuilding and Statebuilding’s (IDPS) 2014 New Deal Monitoring Report (NDMR) launch.

The 50th Annual Meetings of the African Development Bank (AfDB) and the 41st meetings of the African Development Fund (ADF) closed on Friday, May 29, 2015 in Abidjan, Côte d’Ivoire, after five days of intensive activities including the commemoration the Bank’s 50th anniversary and the election of its 8th President.

The African Development Bank (AfDB) and Egypt, on May 29 in Abidjan, signed two loans and a letter of agreement. The two loans are worth US $140 million – US $90 million from the AfDB window and US $50 million loan from the Africa Growing Together Fund (AGTF). The letter of agreement concerned a grant from the Middle Income Countries (MICs) Technical Assistance Fund of UA 1.2 million (approximately $1.7 million).

Power sector reform and a governance support programme are central to the African Development’s actions to accompany Tanzania’s economic growth.

It is in line with this, that the Permanent Secretary in the Ministry of Finance of the United Republic of Tanzania, Servacius Likwelile and the African Development Bank’s Vice-President, in charge of Agriculture, Water, Human Development, Governance and Natural Resources, Aly Abou-Sabaa signed a USD 70.5 million loan accord on May 27 in Abidjan.

The Annual Development Effectiveness Review presents the performance of the African Development Bank