African Development Bank (AfDB)

The African Development Bank (AfDB) is the parent organization of the AfDB Group, a regional development bank for Africa established in 1964. The AfDB is headquartered in Abidjan, Côte d’Ivoire.

The AfDB consists of 54 African regional member countries and 26 non-African member countries. As of the end of 2013, the AfDB’s authorized capital (the amount it may disburse in loans or grants) was UA 66.98 billion (around US 102 billion).

Lamu BoatsThe AfDB’s mission is to “spur sustainable economic development and social progress in its regional member countries, thus contributing to poverty reduction.”

Projects funded by the AfDB must follow the AfDB’s Integrated Safeguards System, which includes policies on environmental and social assessments, involuntary resettlement, labour and biodiversity, among others.

The AfDB also has a Policy on Disclosure and Access to Information, which governs public access to information related to the AfDB’s operations and AfDB-funded projects

 

 

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