African Development Bank

The African Development Bank Group – Fast Facts

Founded: 1964

Constituent Institutions
– The African Development Bank (ADB)
– The African Development Fund (ADF)
– The Nigeria Trust Fund (NTF)

Headquarters: Abidjan, Côte d’Ivoire

Temporary relocation: Tunis, Tunisia

Shareholders
– 53 African countries (regional member countries)
– 25 non-African countries (non-regional member countries)

Mission:
To contribute to the sustainable economic development and social progress of African countries.

President:
Donald Kaberuka

Authorized Capital at December 31, 2011: UA 66.05 billion
Subscribed Capital at December 31, 2011: UA 37.32 billion
Paid-up Capital at December 31, 2011: UA 3.29 billion
Approved Operations, 2011: 184 operations totaling UA 5.72 billion, financed as follows:
– ADB (African Development Bank): UA 3.69 billion
– ADF (African Development Fund): UA 1.83 billion
– NTF (Nigeria Trust Fund): UA 10.9 million
– Special Funds: UA 188.1 million

Of which:
– Loans: UA 3.55 billion (60 operations)
– Grants: UA 578.7 million (75 operations)
– HIPC: UA 1.35 billion (7 transactions)
– Equity Participations: UA 53.4 million (7 investments)
– Special Funds: UA 188.1 million (35 operations)

Sector Approvals, 2011:
– Infrastructure: UA 1.57 billion (38.1 percent of total loans and grants)
– Multisector: UA 853.2 million (20.7 percent )
– Finance: UA 802.3 million (19.4 percent)
– Social: UA 451.3 million (10.9 percent)
– Industry, Mining and Quarrying: UA 293.7 million (7.1 percent)
– Agriculture and Rural Development: UA 145.6 million (3.5 percent)
– Environment: UA 9.6 million (0.2 percent)

Total Cumulative Loan and Grant Approvals, 1967–2011: 3,661 loans and grants totaling UA 60.06 billion

Initiatives and Partnerships:
– African Carbon Support Program
– African Fertilizer Financing Mechanism
– African Guarantee Fund for Small and Medium-sized Enterprises
– African Water Facility
– Climate Development in Africa (ClimDev-Africa) Initiative
– Climate Investment Funds (CIF)
– Congo Basin Forest Fund
– Global Environment Facility (GEF)
– Green Growth Initiative
– Higher Education, Science, and Technology Trust Fund
– Investment Climate Facility
– Making Finance Work for Africa Partnership
– Microfinance Multidonor Trust Fund
– Multidonor Water Partnership Program
– NEPAD Infrastructure Project Preparation Facility
– Programme for Infrastructure Development in Africa (PIDA)
– Rural Water Supply & Sanitation Initiative
– Seed Capital Assistance Facility (SCAF)
– Strategic Partnership with Africa
– Sustainable Energy Fund for Africa
– Trade Finance Initiative