African Development Bank

Reference work entry
Part of the The Statesman's Yearbook book series (SYBK)

Established in 1964 to promote economic and social development in Africa.

Regional members. (54) Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Republic of the Congo, Côte d’Ivoire, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malaŵi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe.

Non-regional members. (26) Argentina, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, India, Italy, Japan, South Korea, Kuwait, Luxembourg, Netherlands, Norway, Portugal, Saudi Arabia, Spain, Sweden, Switzerland, Turkey, UK, USA.

Within the ADB Group are the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). The ADF, established in 1972, provides development finance on concessional terms to low-income Regional Member Countries which are unable to borrow on the non-concessional terms of the African Development Bank. Membership of the Fund is made up of 27 non-African State Participants and the African Development Bank. The NTF is a special ADB fund created in 1976 by agreement between the Bank Group and the Government of the Federal Republic of Nigeria. Its objective is to assist the development efforts of low-income Regional Member Countries whose economic and social conditions and prospects require concessional financing.

  • Official languages: English and French.

  • Headquarters: Avenue Joseph Anoma, 01 BP 1387, Abidjan 01, Côte d’Ivoire.

  • Website: http://www.afdb.org

  • Email: afdb@afdb.org

  • President: Akinwumi Adesina (Nigeria).

Copyright information

© The Author(s) (if applicable) and The Author(s) 2018

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