The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held on May 22-26, 2017 in Ahmedabad, India. The Annual Meetings are the Bank’s largest annual event and serve to raise the profile of the institution on the global stage. Find out more

Loans

ADF countries have grown increasingly diverse in terms of their incomes, economic structures, natural resource bases, inequality and socio-economic development. This growing diversity has prompted a change in the way the ADF supports its member countries. During the Thirteenth General Replenishment of the ADF (ADF-13), ADF Deputies agreed that ADF resources will continue to be channeled to the poorest countries and endorsed the following new country groupings and differentiated hardened financing terms:

  • Country Classification.  The ADF-only countries will fall into two sub-groups (“Regular” and “Advance” ADF-only countries) based on their Gross National Income (GNI) per capita. The countries with a GNI per capita above the average of all ADF-only countries are included in the “Advance” group, and all countries with a GNI per capita below the average are in the “Regular” group.
  • Differentiated and Hardened Financing Terms.  Differentiated ADF loan financing terms will be applied between regular and advance ADF-only countries, and blend, gap and graduating countries.  The new lending terms will be applied only to new ADF loans starting ADF-13.  

The following table presents the differentiated financing terms for ADF loans

Country Classification

Maturity

(Years)

Grace Period (Years)

Service charge (%)

Commitment Fee (%)

Interest rate

(%)

ADF-Only

Regular

40

10

0.75

0.50

0

Advance

40

5

0.75

0.50

0

Blend, Gap and Graduating

30

5

0.75

0.50

1%