African Development Bank Group (ADB Group)

Groupe de la Banque africaine de développement (Groupe BAD)

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Contact Details

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History

1964. Inaugural meeting of the Board of Governors of the Bank held 4-7 Nov 1964, Lago (Nigeria). Operations commenced 1 July 1966.

Aims

Spur sustainable economic development and social progress in Regional Member Countries (RMCs), thus contributing to poverty reduction; mobilize and allocate resources for investment in RMCs; provide policy advice and technical assistance to support development effort.

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Activities

Operational activities in 2010 reached 4.10 billion Units of Account (UA). In terms of financing from the Bank Group windows: (i) ADB approved UA 2.58 billion (63%) of which UA 1.21 billion was for private sector operations; (ii) ADF approved UA 1.46 billion (35.5%); (iii) NTF approved UA 29.5 million (.7%). Distribution total approvals among various sectors during 2010 reflected the Bank's adherence to its policy of selectivity, project focus and effectiveness. It also aligned rising demand for infrastructure support from RMCs. In line with the Medium-Term Strategy (MTS), infrastructure ranked first, with an approvals allocation of UA 2.6 billion (70.9%), followed by finance, mostly comprising private sector operations, with UA 319.9 million (8.7%), then multisector, which includes support for governance and public sector management, etc, with UA 301.2 million (8.2%). These 3 sectors jointly accounted for 87.8% of total operational loans and grants.

Emphasis on infrastructure reveals the Bank's selectivity in targeting high impact projects that will create an enabling climate for private sector investment, improve competitiveness and productivity in RMCs, enhance employment opportunities, and support sustainable economic growth. Bank Group loan and grant approvals for the 5 subregions (including multinational projects) totalled UA 3.67 billion. Largest share of approvals allocated to North Africa, with UA 1.47 billion (40.1%), followed by West Africa, UA 595.8 million (16.2%), East Africa, UA 560.3 million (15.2%), Southern Africa, UA 492.8 million (13.4%), Central Africa, UA 234.6 million (6.4%), and multinational, UA 319.1 million (8.7%).

In general, loans were used for accelerating economic growth and reducing poverty, while the lines of credit (LOCs) aimed at deepening domestic financial markets for lending to small- and medium-size enterprise (SMEs). Investments in many sizeable multinational projects and programmes took the form of loans, LOCs, and private equity; these supported economic cooperation and regional integration, thereby improving the investment climate on the continent.

Structure

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Languages

English, French.

Staff

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Relations with Inter-Governmental Organizations

Relations with 39 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 4 non-governmental organizations.
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Publications

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Members

Members in 77 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Society
    • Disadvantaged
  • Commerce
    • Banking
  • Development
    • Development

UN Sustainable Development Goals **

GOAL 1: No PovertyGOAL 8: Decent Work and Economic GrowthGOAL 10: Reduced Inequality

UIA Org ID

F0121

Last News Received

8. Dec 2011
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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