The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
The Bank Group’s MTS emphasizes deeper engagement with middle-income countries (MICs), by positioning the institution as their preferred development partner. In this respect, the Bank has developed effective linkages between public/private operations, as well as competitive lending products, backed by high-value knowledge and advisory services.
Approvals in 2011 for operations in MICs (excluding multinational projects and programs) amounted to UA 1.59 billion, which is a decrease of 15.4 percent from the 2010 level, shows the sectoral distribution, with infrastructure receiving the largest share (45.2 percent).
The geographic distribution of Bank Group approvals to MICs in 2011 shows North Africa as the principal beneficiary of non-concessionary lending followed by Southern Africa, Central Africa, West Africa, and East Africa.
In terms of financing instruments to MICs, project lending (for both public and private sectors) continued to predominate in 2011, followed by policy-based operations. MIC grants remained at almost the same level in 2011 as in the previous year.
A new feature of the financing in 2011 was the increased use of Special Funds.