African Development Fund. The African Development Fund (ADF) contributes to poverty reduction and economic and social development in the least developed African countries by providing concessional funding for projects and programs, as well as technical assistance for studies and capacity-building activities.

The theme of the 2024 African Economic Outlook is Driving Africa’s Transformation: The Reform of the Global Financial Architecture.. Despite strong economic performance and remarkable resilience, structural transformation in Africa has been slow and uneven, and addressing this will require calling bold reforms of the global financial architecture to meet Africa’s development financing needs

Nov 21, 2024 · The Government of Côte d'Ivoire and the African Development Bank signed a memorandum of understanding (MOU) on Wednesday, 20 November 2024, to host the African Development Bank Group's 2025 Annual Meetings in Abidjan, the institution's headquarters.

3rd Call for Proposals of the Climate Action Window (Applications are open now) Deadline: February 05, 2025, at 23h59 (GMT) Following the launch of the Third Call for Proposals (CfP3) of the Climate Action Window (CAW) at COP 29, eligible beneficiaries are invited to apply for grant funding under the Technical Assistance (TA) Sub-window. The CAW is structured to accelerate climate action in ...

OVERVIEW OF THE AFRICAN DEVELOPMENT BANK GROUP – IN BRIEF Founded 1964 Constituent Institutions The African Development Bank (AfDB) The African Development Fund (ADF) The Nigeria Trust Fund (NTF) Shareholders 54 African countries (regional member countries) 27 non-African countries (non-regional member countries) Mission To promote sustainable economic growth and reduce poverty in Africa.

Recent macroeconomic and financial developments Real GDP grew 5.3% in 2023, up from 4.7% in 2022, driven by agriculture, construction, and manufacturing on the supply side and private investments on the demand side. Tight monetary policy, together with moderation in food and energy prices, helped reduce inflation from 4.3% in 2022 to 3.8% in 2023. The Tanzanian shilling depreciated by 8% in ...

Position title Consultant type Publication date Closing date; EOI - Photography Editor Consultant - PCER: Individual Consultant : 03-Feb-2025 : 11-Feb-2025

AfDB Grade and Salary Data The first thing you will notice about the AfDB is the passion of its employees to help reduce poverty on the continent, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. That is what drives us to seek motivated individuals who share this commitment to poverty reduction. Our network of leading experts ...

The Bank Group 10-Year Strategy of the African Development Bank Group 2024-2033 rests on a foundation of optimism about Africa’s potential to transform societies, economies, and the lives of the people of the continent for the better. Over the past two decades, Africa has got many of the fundamentals right, enjoying its most sustained period of economic growth and bringing

Recent macroeconomic and financial developments economic growth in Nigeria slowed from 3.3% in 2022 to 2.9% in 2023 due to high inflation and sluggish growth in the global economy, which declined from 3.5% in 2022 to 3.2% in 2023. Growth was driven by services and agriculture on the supply side and by consumption and investment on the demand side.