Latest Edition Guizzetti & Associates
FACEBOOK  Goole Circle  Twitter  Linkedin
HOME ABOUT US SECTORS SERVICES G&A PICKS CONTACT US CAREERS ARCHIVESDISCLAIMER
 
AfDB
ADB
CDB
EBRD
FAO
IDB
UNDP
UNESCO
UNIDO
United Nations
UNOPS
World Bank Group
MDBs&Co. : The African Development Bank
 
The African Development Bank
 

Established to aid development efforts within the continent, the African Development Bank (AfDB) comprises three distinct entities under one management. First - The African Development Bank funded on August 4, 1963 in Khartoum, Sudan, by the then 23 newly independent African countries. The second and third entities are two concessionary windows - the African Development Fund and the Nigeria Trust Fund, the former of which was established on November 29, 1972, by the AfDB and 13 non-African countries. The inaugural meeting of the Board of Governors of the African Development Bank was held in Lagos, Nigeria, and its headquarters was opened in Abidjan, Côte d’Ivoire, in March 1965. Its operations commenced on July 1, 1966. Since early 2003, the Group operates from its Temporary Relocation Agency (TRA) in Tunis. Tunisia Membership of the AfDB includes 53 independent African countries and 24 non-African countries.

From an initial authorized capital of $250 million, AfDB resources increased over a 19-year period to stand at $2.9 billion in 1982. The figure jumped to $6.3 billion in 1983 as a result of the admission of non-regional countries on December 30, 1982. It further increased to $22.3 billion barely five years later, when it achieved a 200% Fourth General Capital Increase in Cairo, Egypt, in June 1987. The Fifth General Capital Increase concluded in 1998 recorded a 35 percent capital increase, and attributed 60 percent shareholding to regional countries and 40 per cent to non-regional countries. For the African Development Fund, from the initial contributions of $101 million in 1974 by its first 13 member state-participants, the Fund has had eleven general replenishments on a 3 year basis. The ADF XI replenishment of UA 5.76 billion or $8.9 billion for the 2008-2010 period, saw a record 52 per cent increase on previous ADF-X figure. The Nigeria Trust Fund, for its part, started operations with $80 million in 1976 and after one replenishment in 1981, it has been efficiently managed by AfDB to reach UA 233.5 million, equivalent to $0.432 billion. Apart from capital subscriptions by member countries, other AfDB resources include borrowing from the international financial markets, as well as income generated through loans.

 
 
 
Guizzetti & Associates
India
INDIA
Fairlink Centre, Off New Link Road Andheri-W Mumbai India
Main Line: + 91.22.40393701 Fax: + 91.22.40168369
Italy
ITALY
Corso Venezia, 36, 20121 Milan Italy
Main Line: + 39.02.89053850 Fax: + 39.02.89053860
USA
USA
1432 K Street, N.W., Washington D.C. USA
Main Line: + 1.202.7890001 Fax: + 1.202.7890009