Sweden became a member of the African Development Fund (ADF) in 1973 and the African Development Bank (AfDB) in 1982. Sweden’s pledge to ADF XIII was valued at UA 207.3 million (SEK 2.04 billion). This is a 16.4% increase in UA from the level of ADF XII. Sweden’s burden share represents 4.745% of ADF-XIII.
Since 1998, the Swedish International Development Cooperation Agency (Sida) has contributed funds to assist in the preparation and implementation of development projects and programs sponsored and supported by the AfDB and ADF.
- From 2008, Sweden has contributed and provided support for African governments to develop their financial sectors through the Making Finance Work for Africa (MFW4A) initiative. Launched at the Heiligendamm G8 summit in 2007, MFW4A’s mission is to provide a platform for African governments, development partners and the private sector to coordinate financial sector development interventions across the continent. The AfDB hosts the MFW4A Secretariat, which acts as the Partnership’s coordinating body. The Secretariat’s activities focus on knowledge management and dissemination, donor coordination, stakeholder engagement, and advocacy and networking.
- Sweden supports ClimDev-Africa Special Fund (CDSF) with EUR 7.5 million. The fund became operational in July 2014. ClimDev finances the generation and wide dissemination of reliable and high quality climate information in Africa, capacity enhancement of policy makers and institutions to integrate climate change information into development programs; and implementation of pilot adaptation practices that demonstrate the value of mainstreaming climate information into development.
- Sweden is supporting the Agriculture Fast Track Fund together with USAID. The Fund, established in May 2013, is worth USD 25 million, and will finance infrastructure that enables and promotes investment in Africa’s agriculture.
- In 2010, Sweden contributed SEK 40 million (approx. US $5.3 million) to the Zimbabwe Trust Fund, which promotes recovery and development efforts in Zimbabwe.
- In 2011, Sweden joined the Multi-Donor Governance Trust Fund with a contribution of SEK 15 million (approx. US $2.3 million). The Fund is currently supporting activities in the field of internal and external audit, procurement, tax and domestic revenue mobilisation.
Mr. Heikki Tuunanen Executive Director Tel: (225) 2026 2020