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The African Development Bank Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries that are the institution's Regional Member Countries.
The African Development Bank Group (AfDB) or Banque Africaine de Développement (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).
As of 31 December 2023, the African Development Bank's authorized capital is subscribed to by 81 member countriesmade up of 54 independent African countries (regional members) and 27 non-African countries (non-regional members). The institution’s resources come from ordinary and special resources. Ordinary resources comprise:
African Development Bank Group Report 2023: Africa remains resilient to new shocks, but progress and financing must be accelerated. The Bank proved agile and responsive to Africa’s needs by making transformative investments in the High 5s totalling $8.2 billion in 2022. In its latest annual report released on 25 May 2023, the African ...
North Africa; West Africa; East Africa; Central Africa; Southern Africa; Non-Regional Member Countries
OVERVIEW OF THE AFRICAN DEVELOPMENT BANK GROUP – IN BRIEF. To promote sustainable economic growth and reduce poverty in Africa. * UA: Unit of Account. As at 31 December 2022, 1 Unit of Account (UA) was equivalent to 1.33 USD.
Jun 16, 2023 · The African Development Bank Group ( www.AfDB.org) has released its 2022 Annual Report. The report shows solid performance over the year, recording a significant increase in lending to the Bank Group’s regional member countries in the face of a challenging global environment for Africa.
