African Development Bank (ADB)

Banque africaine de développement (BAD)
Banco Africano de Desarrollo

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Contact Details

URL: http://www.afdb.org/

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Founded

1963-08-04 Khartoum Sudan

History

4 Aug 1963, Khartoum (Sudan), on adoption of 'Agreement Establishing the African Development Bank', signed by African governments and entered into force 10 Sep 1964. First meeting of Board of Governors held 4-7 Nov 1964, Lagos (Nigeria). The Bank began operations on 1 Jul 1966. Initially only independent African state were eligible to become ADB members. Following amendment of the establishment agreement, 7 May 1982, Lusaka (Zambia), membership was opened to non-regional countries. ADB is also known by English initials AfDB. Statutes registered in 'UNTS 1/21052'. Under Article 8 of the agreement establishing ADB, the Bank is authorized to establish or be entrusted with the administering and managing special funds which are consistent with its purposes and functions. In conformity with these provisions, F-XF6183 - African Development Fund (ADF) was established with non-African states, 29 Nov 1972, Abidjan (Côte d'Ivoire), and G-XG0205 - Nigeria Trust Fund (NTF), with the Nigerian Government, Feb 1976. The F-XF0121 - African Development Bank Group (ADB Group) was set up 29 Nov 1972, Abidjan; it currently comprises ADB, ADF and NTF.

Aims

Promote sustainable economic development and social progress in Africa by mobilizing and allocating resources for investment in Member Countries and providing policy advice and technical assistance to support development efforts, particularly for projects that have the strongest poverty reduction impact on the economies and can improve the living conditions of the population.

Events

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Activities

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Structure

Annual Meeting, always in May. Board of Governors of the Bank, comprising a Governor and an Alternate Governor representing each member country (usually Ministers of Finance and Planning and high level officials). Board of Directors, consisting of 18 Executive Directors who are neither Governors nor Alternate Governors (12 members elected by Governors of regional member countries and 6 by Governors of non-regional member countries). Field offices (25): Algeria; Angola; Burkina Faso; Cameroon; Chad; Congo DR; Egypt; Gabon; Ghana; Kenya; Madagascar; Malawi; Morocco; Mozambique; Mali; Nigeria; Rwanda; Senegal; Sudan; Sierra Leone; South Africa; Tanzania UR; Uganda; Zimbabwe. Also includes: E-XE4183 - African Development Institute (ADI).

Organizational structure as of Dec 2009:

  • Presidency, includes: Office of the President and Chief Operation Officer; Departments General Secretariat; Legal Counsel and Legal; Office of the Auditor General with Units (3) - Ombudsman; Security; External Relations and Communication.
  • Chief Economist, includes: Departments (2) - Development Research; Statistics.
  • Vice-Presidency Operation I - Country and Regional Programmes and Policy, includes Departments (12) - Results and Quality Assurance; Procurement and Fiduciary Services; Operational Resources and Policies; Regional West 1; Regional West 2; Regional East 1; Regional East 2; Regional Center; Regional North 1; Regional North 2; Regional South 1; Regional South 2.
  • Unit - Partnerships and Cooperation. Vice-Presidency Operation II - Sector Operations, includes: Departments (3) - Agriculture and Agro Industry; Human Development; Governance, Economic and Financial Reforms; Units (2) - Fragile States; Gender, Climate and Sustainable Development.
  • Vice-Presidency Operations III - Infrastructure, Private Sector and Regional Integration, includes: Departments (4) - Infrastructure; Private Sector; Water and Sanitation; NEPAD, Regional Integration and Trade.
  • Vice-Presidency Corporate Services, includes: Departments (4) - General Services; Information Management; Human Resources Management; Language Services.
  • Vice-Presidency Finance, includes: Departments (3) - Financial Control; Treasury; Financial Management.

Languages

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Staff

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Finance

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Relations with Inter-Governmental Organizations

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Relations with Non-Governmental Organizations

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Publications

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Members

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Type I Classification

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Type II Classification

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Subjects *

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UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic Growth

UIA Org ID

XF0018

Last News

2014

* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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