Enhanced Engagement in Fragile States
The Bank’s enhanced support to fragile states is implemented through the proposed Fragile States Facility (FSF) that incorporates the existing Post-Conflict Country Facility (PCCF). The amount of resources allocated to the FSF under ADF-11 replenishment is UA 408.4 million, equivalent to 7.5% of total replenishment; the resources are distributed within three pillars:
Pillar I – supplemental financing: About 62 percent of resources allocated to the FSF is set aside to supplement the PBA-determined country allocation to eligible post-crisis/transition countries in ADF-11 period. Countries accessing supplemental allocations will have to meet tight eligibility criteria, a specific allocation and phasing out mechanism, and monitoring, delivery and exit provisions. Consistent with the ADF-11 operational focus, the supplemental resources allocated to eligible countries will support governance and capacity building and the rehabilitation and reconstruction of basic infrastructure;
Pillar II – arrears clearance: 32 percent of FSF envelope is set aside, and combined with the carry-over from the PCCF of UA 102.9 million;
Pillar III – targeted support: The remaining 6 percent is set aside to provide supplementary targeted support for capacity building and knowledge management, across the full range of fragile countries.
Resources
- 13/12/2017 - EUR 500 million 0.250% 7-year Social Bond Transaction - Due 21 November 2024
- 05/10/2017 - AfDB issues its first “Light Up and Power Africa” theme Bond
- 01/08/2017 - AfDB signs US$ 78 million grant agreements with Governments of Somalia and South Sudan to strengthen drought resilience and address chronic hunger and malnutrition
- 09/12/2015 - AfDB approves US $53 million for water in Zimbabwe and financial reform in Chad
- 12/08/2015 - Fitch affirms African Development Bank at ‘AAA’; Outlook stable