The African Development Bank (ADB) is a development bank established in 1964 with the intention of promoting economic and social development in Africa. It is a conglomeration of the African Development Bank (ADB), the African Development Fund (ADF), and the Nigeria Trust Fund (NTF). Forty years to date, the ADB Group has financed 2,885 operations, for a total of $47.5 billion. It concluded 2003 with a AAA rating from major financial agencies and with a capital of $32.043 billion. Moreover, it has placed an emphasis over the years on the role of women, education and structural reforms, and lent its support to key initiatives such as debt alleviation for Heavily Indebted Poor Countries (HIPC's) and the New Partnership for Africa's Development (NEPAD). It currently has 78 members: 53 countries in Africa and 25 American, European, and Asian countries. Image File history File links AFDB_Logo. ... A Multilateral Development Bank (MDB) is an institution, created by a group of countries, that provides financing and professional advising for the purpose of development. ... Also Nintendo emulator: 1964 (emulator). ... A world map showing the continent of Africa Africa is the worlds second-largest and second most-populous continent, after Asia. ... USD redirects here. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... USD redirects here. ... The 38 states recognized as the Heavily Indebted Poor Countries (HIPC). ... New Partnership for Africas Development (NEPAD) is an economic development programme of the African Union. ...

History

ADB members in green, AFD members in blue, non-African members in red

In 1961, the Monrovian Conference took place in Monrovia, Liberia. Two draft charters were at the centre of discussion: the OAU (now the African Union) and the African Development Bank. A committee chaired by A. Romeo Horton (at the time President of the Central Bank of Liberia) visited with many African presidents as well as with Western leaders to present the idea of the African Development Bank. Another key figure in this step in the development of the ADB was Mamoun Beheiry, at the time Governor of the Central Bank of Sudan and later the first President of the African Development Bank. Year 1961 (MCMLXI) was a common year starting on Sunday (link will display full calendar) of the Gregorian calendar. ... For alternate meanings, see Monrovia (disambiguation). ... OUA redirects here. ... Anthem Let Us All Unite and Celebrate Together [1] Administrative Centre Working languages Arabic English Spanish French Portuguese Swahili Membership 53 African states Leaders  -  Chairman Jakaya Kikwete  -  Jean Ping Establishment  -  as the OAU May 25, 1963   -  as the African Union July 9, 2002  Area  -  Total 29,757,900 km² (1st1...

Although established officially in 1964 under the auspices of the Economic Commission for Africa, the ADB began operation in 1966 with its headquarters in Abidjan, Côte d'Ivoire. With the statute of a regional multilateral development bank, the African Development Bank engaged in promoting the economic development and social progress of its Regional Member Countries (RMCs) in Africa. Also Nintendo emulator: 1964 (emulator). ... Year 1966 (MCMLXVI) was a common year starting on Saturday (link will display full calendar) of the 1966 Gregorian calendar. ... Freeway along the Ébrié Lagoon near the Plateau, Abidjans business district and centre of the city. ...

In 2005, the amount of approved loans by ADB totalled 2.29 billions of UA - note indeed that ADB financial statements are expressed in UA, or Units of Account, whose value is defined as about 0.8887 grams of fine gold. As of 2001, 1 UA equals approximately US$ 1.28.

Function

The ADB has four principal functions. The first is to make loans and equity investments for the economic and social advancement of the RMCs. Second, it is to provide technical assistance for the preparation and execution of development projects and programs. Third, the ADB is to promote investment of public and private capital for development purposes. Lastly, the ADB is to assist in coordinating development policies and plans of RMCs. The ADB is also required to give special attention to national and multinational projects and programs which promote regional integration.^[1]

Group Entities

The African Development Bank Group has two other entities: the African Development Fund (ADF) and the Nigeria Trust Fund (NTF).

Established in 1972, the African Development Fund started operations in 1974.^[2] It provides development finance on concessional terms to low-income RMCs which are unable to borrow on the non-concessional terms of the ADB. In harmony with its lending strategy, poverty reduction is the main aim of ADF activities. Twenty-four non-African countries along with the ADB constitute its current membership. The ADF’s general operations are decided by a Board of Directors, six of which are appointed by the non-African member states and six designated by the ADB from among the bank's regional Executive Directors. Year 1972 (MCMLXXII) was a leap year starting on Saturday (link will display full calendar) of the Gregorian calendar. ... Year 1974 (MCMLXXIV) was a common year starting on Tuesday (link will display full calendar) of the 1974 Gregorian calendar. ...

The ADF’s sources are mainly contributions and periodic replacements by non-African member states. The fund is usually replenished every three years, unless member states decide otherwise. The total donations, at the end of 1996, amounted to $12.58 billion. The ADF lends at no interest rate, with a service charge of 0.75% per annum, a commitment fee of 0.5%, and a 50-year repayment period including a 10-year grace period. The Tenth United Kingdom replenishment of the ADF was in 2006.^[3] Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... USD redirects here. ...

Concerning the Nigeria Trust Fund, the NTF was established in 1976 by the Nigerian Government with an initial capital of $80 million. The NTF function is to assist in the development efforts of the poorest ADB members. Year 1976 Pick up sticks(MCMLXXVI) was a leap year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... USD redirects here. ...

The NTF uses its resources to provide financing for projects of national or regional importance which further the economic and social development of the low-income RMCs whose economic and social conditions require financing on non-conventional terms. In 1996, the NTF had a total resource base of $432 million. It lends at a 4% interest rate with a 25-year repayment period, including a five year grace period.^[4] Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... USD redirects here. ...

ADB Beneficiary Countries:

ADF Beneficiary Countries: Image File history File links Flag_of_Algeria. ... Image File history File links Flag_of_Botswana. ... Image File history File links Flag_of_Egypt. ... Image File history File links Flag_of_Equatorial_Guinea. ... Image File history File links Flag_of_Gabon. ... Image File history File links Flag_of_Mauritius. ... Image File history File links Flag_of_Morocco. ... Image File history File links Flag_of_Namibia. ... Image File history File links Flag_of_the_Seychelles. ... Image File history File links Flag_of_South_Africa. ... Image File history File links Flag_of_Swaziland. ... Image File history File links Flag_of_Tunisia. ...

ADB and ADF Beneficiary Countries: Image File history File links Flag_of_Angola. ... Image File history File links Flag_of_Benin. ... Image File history File links Flag_of_Burkina_Faso. ... Image File history File links Flag_of_Burundi. ... Image File history File links Flag_of_Cameroon. ... Image File history File links Flag_of_Cape_Verde. ... Image File history File links Flag_of_the_Central_African_Republic. ... Image File history File links Flag_of_Chad. ... Image File history File links Flag_of_the_Comoros. ... Image File history File links Flag_of_the_Democratic_Republic_of_the_Congo. ... Image File history File links Flag_of_the_Republic_of_the_Congo. ... Image File history File links Flag_of_Cote_d'Ivoire. ... Image File history File links Flag_of_Djibouti. ... Image File history File links Flag_of_Eritrea. ... Image File history File links Flag_of_Ethiopia. ... Image File history File links Flag_of_The_Gambia. ... Image File history File links Flag_of_Ghana. ... Image File history File links Flag_of_Guinea. ... Image File history File links Flag_of_Guinea-Bissau. ... Image File history File links Flag_of_Kenya. ... Image File history File links Flag_of_Lesotho. ... Image File history File links Flag_of_Liberia. ... Image File history File links Flag_of_Madagascar. ... Image File history File links Flag_of_Malawi. ... Image File history File links Flag_of_Mali. ... Image File history File links Flag_of_Mauritania. ... Image File history File links Flag_of_Mozambique. ... Image File history File links Flag_of_Niger. ... Image File history File links Flag_of_Rwanda. ... Image File history File links Flag_of_Sao_Tome_and_Principe. ... Image File history File links Flag_of_Senegal. ... Image File history File links Flag_of_Sierra_Leone. ... Image File history File links Flag_of_Somalia. ... Image File history File links Flag_of_Sudan. ... Image File history File links Flag_of_Tanzania. ... Image File history File links Flag_of_Togo. ... Image File history File links Flag_of_Uganda. ... Image File history File links Flag_of_Zambia. ...

N.B. All countries in the African Union including Mauritania but excluding the SADR are eligible for NTF benefits. Morocco is also eligible though not a part of the African Union. Image File history File links Flag_of_Nigeria. ... Image File history File links Flag_of_Zimbabwe. ... Anthem Let Us All Unite and Celebrate Together [1] Administrative Centre Working languages Arabic English Spanish French Portuguese Swahili Membership 53 African states Leaders  -  Chairman Jakaya Kikwete  -  Jean Ping Establishment  -  as the OAU May 25, 1963   -  as the African Union July 9, 2002  Area  -  Total 29,757,900 km² (1st1... Motto: حرية ديمقراطية وحدة (Arabic) Liberty, Democracy, Unity Anthem: Yābaniy Es-Saharā  listen This map indicates the territory claimed by the SADR, viz. ... Anthem Let Us All Unite and Celebrate Together [1] Administrative Centre Working languages Arabic English Spanish French Portuguese Swahili Membership 53 African states Leaders  -  Chairman Jakaya Kikwete  -  Jean Ping Establishment  -  as the OAU May 25, 1963   -  as the African Union July 9, 2002  Area  -  Total 29,757,900 km² (1st1...

AIDS

One of the areas of concentration of the ADB’s support of RMCs is the fight against HIV/AIDS. The ADB has five policies towards securing Africa's future through health funding: Species Human immunodeficiency virus 1 Human immunodeficiency virus 2 Human immunodeficiency virus (HIV) is a retrovirus that causes acquired immunodeficiency syndrome (AIDS, a condition in humans in which the immune system begins to fail, leading to life-threatening opportunistic infections). ... For other uses, see AIDS (disambiguation). ...

• • Institutional capacity building through assistance of policy/strategy formulation and implementation
  • Human capital development to create an environment for the operation of national AIDS strategies through training and technical assistance support
  • HIV/AIDS multi-sectoral responses with emphasis on prevention and control interventions that include IEC (Information, Education and Communication), STI (Sexually Transmitted Infections) control, VCT (Voluntary Counselling and Testing), infrastructure support for the establishment of laboratories and blood transfusion facilities, and provision of equipment and supplies, including antiretroviral drugs
  • Advocacy through participation in international and regional fora to raise political commitment and leadership towards a collaborative effort in the fight against the pandemic among RMCs and development partners
  • Partnership development with a view of forging new alliances and revitalizing existing collaboration to cover critical development concerns such as HIV/AIDS and to bringing partnership activities within the framework of the bank's vision^[5]

To date, the bank's contribution in the fight against HIV/AIDS is estimated at over UA 500 million. The bank is also among the initiating partners of AIDS in Africa – Scenarios for the future, a project whose outcome will enable governments and development partners alike to make strategic choices of current and future development paths and define their activities accordingly in order to face the challenges posed by HIV/AIDS. For other uses, see AIDS (disambiguation). ... Species Human immunodeficiency virus 1 Human immunodeficiency virus 2 Human immunodeficiency virus (HIV) is a retrovirus that causes acquired immunodeficiency syndrome (AIDS, a condition in humans in which the immune system begins to fail, leading to life-threatening opportunistic infections). ... For other uses, see AIDS (disambiguation). ... A sexually transmitted disease (STD), a. ... HAART redirects here. ... Species Human immunodeficiency virus 1 Human immunodeficiency virus 2 Human immunodeficiency virus (HIV) is a retrovirus that causes acquired immunodeficiency syndrome (AIDS, a condition in humans in which the immune system begins to fail, leading to life-threatening opportunistic infections). ... For other uses, see AIDS (disambiguation). ... Species Human immunodeficiency virus 1 Human immunodeficiency virus 2 Human immunodeficiency virus (HIV) is a retrovirus that causes acquired immunodeficiency syndrome (AIDS, a condition in humans in which the immune system begins to fail, leading to life-threatening opportunistic infections). ... For other uses, see AIDS (disambiguation). ...

Non-African Members

Image File history File links Flag_of_Argentina. ... Image File history File links Flag_of_Austria. ... Image File history File links Flag_of_Belgium_(civil). ... Image File history File links Flag_of_Brazil. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_the_Peoples_Republic_of_China. ... Image File history File links Flag_of_Denmark. ... Image File history File links Flag_of_Finland. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Germany. ... Image File history File links Flag_of_India. ... Image File history File links Flag_of_Italy. ... Image File history File links Flag_of_Japan. ... Image File history File links Flag_of_Kuwait. ... Image File history File links Flag_of_the_Netherlands. ... Image File history File links Flag_of_Norway. ... Image File history File links Flag_of_Portugal. ... Image File history File links Flag_of_Saudi_Arabia. ... Image File history File links Flag_of_South_Korea. ... Image File history File links Flag_of_Spain. ... Image File history File links Flag_of_Sweden. ... Image File history File links Flag_of_Switzerland. ... Image File history File links Flag_of_Turkey. ... Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links This is a lossless scalable vector image. ...

Presidency

Mr. Donald Kaberuka is the 7th elected President of the African Development Bank Group. He took the oath of office on September 1, 2005 in a ceremony at the institution’s Temporary Relocation Agency in Tunis. The occasion was witnessed by the Chair and members of the Bank’s Board of Governors, the Board of Directors, members of the diplomatic corps in Tunis and staff of the institution.

"I solemnly declare and undertake...that I will abide by the provisions of the Agreement establishing the African Development Bank...and that I will discharge my duties and functions...with loyalty, discretion and conscience." With those words, Mr. Kaberuka became the seventh elected President of the Bank for the next five years.

As President of the Bank Group, Mr. Kaberuka is chairing the Boards of the African Development Bank and the African Development Fund, the soft loan arm of the Group.

Kaberuka leads an institution whose financial standing has been restored from the near collapse of 1995, but whose operational credibility remains a work-in-progress. A working group convened by the Center for Global Development, an independent Washington think tank, release a report in September 2006 that offered six recommendations for Kaberuka and the Bank’s board of directors on broad principles to guide the Bank’s renewal. The report contains six recommendations for management and shareholders as they address the urgent task of reforming Africa’s development bank. Prominent among the recommendations is a strong focus on infrastructure. The Center for Global Development (CGD) is a think tank focused on reducing global poverty and inequality, headquartered in Washington, D.C. CGD was founded in November 2001 by Edward W. Scott, Jr. ...

References

External links

• Bank Information Center
• African Development Bank home page
• African Development Bank page for African Development Fund
• African Development Bank page for Nigeria Trust Fund
• On the Rocks The African Development Bank Struggles to Stay Afloat
• Regional Development Banks: Stepping Out of the Shadows - The African Development Bank
• Past Presidents of the African Development Bank
• Building Africa's Development Bank: Six Recommendations for the AfDB and its Shareholders