United States of America
The United States of America (USA) became a member of the African Development Fund (ADF) in 1976 and of the African Development Bank (AfDB) in 1983. The U.S.A. supported the 2010 General Capital Increase VI and ADF XII replenishment of the African Development Bank Group. The U.S. pledged a total of UA 381,070,169* (US $571,300,397.36), representing a 24 per cent increase in UA from their ADF XI contribution. The US burden share represents 9.31 per cent of ADF-XII.
The U.S. focuses on sustainable development outcomes based on economic growth, democratic governance, and sustainable systems for meeting basic human needs and food security. The U.S. Government emphasizes the critical role good governance plays in development. The U.S. has also put forward a budget in line with its intent to double foreign assistance by 2015. The U.S. Agency for International Development (USAID) has recently echoed its desire to spend greater amounts of aid in recipient countries rather than on U.S.-based contractors. In January 2012, USAID launched a major effort to move 30 per cent of its funding to the private sector, entrepreneurs and local civil society organizations in Africa to promote private sector-led development and to form innovative and high-impact public private partnerships.
The U.S. Government’s bilateral cooperation with the AfDB has been strengthened through two cooperation agreements. In 2008, a Memorandum of Understanding (MoU) was signed with USAID to launch a five-year partnership in support of African small and medium-sized enterprises (SMEs). The thrust of this MoU is to accelerate investment in African SMEs. It also provides co-financing arrangements for a shared contribution of 40 per cent for AfDB, 10 per cent for USAID and 50 per cent for other partnering Banks. Another MoU was concluded with the Millennium Challenge Corporation (MCC) in October 2010 to collaborate in infrastructure (transportation, water and sanitation), agriculture, environment, and health, as well as gender integration.
In 2012, USAID contributed US $200,000 to the Migration and Development Initiative (MDI), which is a Multi-Donor Trust Fund aimed at 1) improving knowledge on migrant remittances in Africa, 2) providing support to reforms of the regulatory frameworks required to improve transfer conditions, 3) developing financial products, and 4) providing support for productive investment and local development in the migrants’ countries of origin. In addition, USAID and the Bank Group are currently discussing further engagement in cooperation activities, including an establishment of a Multi-Donor Trust Fund for the agriculture sector, among others.
Ms. Sarah Hirsch
Tel (225) 2026 2810