THE AFRICAN DEVELOPMENT BANK GROUP At the centre of Africa’s transformation
African Development Bank Group At the centre of Africa’s transformation
The African Development Bank Group is a multilateral development finance institution. It was established in 1964 to fight poverty and promote sustainable economic growth and social progress in Africa. By the end of 2017 it had cumulatively made some US$ 145.55 billion approvals for 5,528 investments. In 2017, the Bank approved 249 operations worth US$ 8.83 billion and disbursed US$7.67 billion, the highest disbursement recorded by the Bank in a year. The Group has three component parts: the African Development Bank, set up in 1964; the African Development Fund ( set up in 1972); and the Nigeria Trust Fund ( set up in 1976). Though legally and financially separate, they have a common goal.
Cumulative Bank Group operations, 1967-2017 Special Funds
3.96%
The African Development Bank is the keystone of the Group. It is rated AAA by all the major credit agencies.
ADF 34.8% AfDB 60.8%
60% of its shares are held by African countries, and 40% by non-African countries.
NTF 0.46%
Authorized capital Subscribed capital Callable capital
US$ 95.39 billion US$ 93.28 billion US$ 86.19 billion
Paid-up capital US$ 7.09 billion Reserves US$ 4.24 billion
(African Development Bank, 31/12/2017)
The Bank Group’s total approvals 2015-2017 (USD billion) 10.80 8.78
8.82 8.52
6.26
1.81
2015
6.41
1.70
2016 Bank Group
1.37 2017
AfDB
ADF
Bank Group operations by financing instrument, 2017 (USD billion)
Growth in Africa The Bank seeks to promote strong, shared and sustainable growth in Africa. Its 2013-2022 Strategy (‘At the centre of Africa’s Transformation’) sets out two primary objectives. These are to promote inclusive growth in Africa (across age, gender and geography, in rural as well as urban communities, and especially in states experiencing fragility) and to promote the gradual transition to ‘green growth’ (building resilience to climate change, better managing natural resources, and building sustainable infrastructure).
The Bank’s Strategy: 2013-2022
Two objectives to support transformation
Inclusive growth
Gradual transition to green growth
Three areas of special emphasis
Five core operational priorities Infrastructure development Regional integration Private sector development Governance & accountability Skills & technology
Fragile states
Agriculture & food security
Gender equality
From September 2015, President Adesina set out five Bank Group priorities aligned with and building on the 2013-2022 Strategy. These are: Lighting up and powering Africa; Feeding Africa; Industrialising Africa; Integrating Africa; and Improving the quality of life for the people of Africa.
Bank Group approvals The Bank primarily makes loans and grants for large-scale projects. Since 1983, it has also been financing other operations, including structural adjustment loans, support for policy-based reforms, and various types of technical assistance and policy advice.
Bank Group approvals by High 5s, 2017 Light Up and Power Africa-UA 1.23 billion or US$ 1.77 billion (20%)
Feed Africa-UA 849.6 million or US$ 1.22 billion (13.7%) Improve the quality of life for the people of Africa UA 2.83 billion or US$ 4.06 billion (47.5%)
Industrialize Africa-UA 855.4 million or US$ 1.23 billion (13.8%)
Integrate Africa-UA 431.5 million or US$ 619 million (7%)
Most sector operations have an impact on more than one High 5 priority areas. The High 5 to improve the Quality of Life for the People of Africa includes social services, water supply and sanitation,and Transport, Urban development, Environment, and Multisector operations.
Sector distribution of Bank Group total approvals, 2017 Communication 1% Multisector 17% Energy Supply 16% Finance 23%
Social 7%
Infrastructure 44%
Transport 16% Water Supply and Sanitation 11%
Agriculture & Rural Development 9%
(USD 10.8 billion)
Bank Group member countries The Bank has 80 member countries – 54 from Africa and 26 from outside Africa. Its highest body is the Board of Governors, who are normally ministers of finance economy, or central bank governors. They come together once a year at the Bank’s Annual Meetings. The Governors devolve responsibility for overseeing the Bank’s dayto-day operations to the Board of Directors, which is resident at the Bank’s Headquarters.
Akinwumi Ayodeji ADESINA, the Bank’s 8th President (from 2015)
The President, appointed for a maximum of two 5-year terms, reports to the Board of Governors, and chairs the Board of Directors. He is supported by a team of Vice-Presidents. At the end of December 2017, the Bank employed some 1 744 people.
Regional member countries 1 2 3 4 5 6 7 8 9 10 11 12 13
Algeria Angola Benin Botswana Burkina Faso Burundi Cameroon Cabo Verde Central African Republic Chad Comoros Congo Côte d'Ivoire
14 DR Congo 15 16 17 18 19
09/64 06/80 09/64 03/72 09/64 10/68 09/64 04/76 08/70 08/68 05/76 09/64 09/64 09/64
Non-regional member countries
29 Madagascar
05/76
1
Argentina
07/85
30 Malawi
07/66
2
Austria
03/83
31 Mali
09/64
3
Belgium
03/83
32 Mauritania
09/64
4
Brazil
03/83
33 Mauritius
01/74
5
Canada
12/82
34 Morocco
09/64
6
China
05/85
35 Mozambique 06/76
7
Denmark
12/82
36 Namibia
05/91
8
Finland
12/82
37 Niger
09/64
9
France
12/82
38 Nigeria
09/64
10 Germany
03/83
39 Rwanda
01/65
11 India
12/83
40 Sao Tome & Principe
04/77
12 Italy
12/82
13 Japan
02/83
41 Senegal
09/64
14 Kuwait
12/82
42 Seychelles
04/77
15 Luxembourg
05/14
43 Sierra Leone 09/64
16 Netherlands
01/83
44 Somalia
10/64
17 Norway
12/82
45 South Africa
12/95
18 Portugal
12/82
19 Saudi Arabia
12/83
20 South Korea
12/82
21 Spain
03/84
22 Sweden
12/82
23 Switzerland
12/82
24 Turkey
10/13
Djibouti Egypt Eritrea Ethiopia Gabon
05/78 09/64 05/94 09/64 09/72
20 Gambia
07/73
46 South Sudan 09/13
21 Ghana 22 Guinea 23 Guinea Bissau Equatorial 24 Guinea 25 Kenya 26 Lesotho 27 Liberia 28 Libya
09/64 09/64 05/75
47 Sudan
09/64
48 Swaziland
07/71
49 Tanzania
09/64
06/75
50 Togo
09/64
51 Tunisia
10/64
52 Uganda
09/64
53 Zambia
09/66
25 UK
04/83
54 Zimbabwe
06/80
26 USA
02/83
09/64 07/73 09/64 07/72
African Development Bank Group The Bank’s headquarters are in Abidjan, Côte d’Ivoire. It has Country Offices or Liaison Offices in some 37 African countries, and three Regional Development, Integration and Business Delivery Hubs, in Nairobi, Pretoria and Tunisia. In 2012, it opened a representation office for Asia in Tokyo, Japan. Tunisia Morocco
Mauritania Senegal
Algeria
Mali
Egypt
Sudan
Chad
Burkina Faso
Ethiopia Guinea-Bissau Guinea Benin South Sudan Sierra Leone Nigeria Central African Republic Ghana Liberia Togo Cameroon Côte d’Ivoire Uganda Kenya Congo Gabon Rwanda DR Congo Sao Tome & Principe Burundi Tanzania
Headquarters Country Offices
Angola
Malawi
Zambia Mozambique Mauritius Zimbabwe Madagascar
Regional Hubs Liaison Offices South Africa
AFRICAN DEVELOPMENT BANK GROUP
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9H EDITION © AfDB Group 2018 ÉDITION 1 – JUIN 2014 www.afdb.org Communication and External Relations Department