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.
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Building on a successful replenishment of the African Development Fund in 2022, the Bank remains committed to pursuing efforts to scale up financing that will strengthen and support Africa’s achievement of its development priorities and the Sustainable Development Goals (SDGs).
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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.
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The African Development Bank Group has invested $55 billion in regional connectivity across Africa over the past decade, demonstrating its commitment to enhancing continental integration and trade. This update was shared by Dr. Joy Kategekwa, Director of Regional Integration at the Bank Group, during the recent launch of the 2023-2024 East African Community (EAC) Common Market Capital ...
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The announcement follows the approval by the African Development Bank’s Board of Directors last week, for the signing of a Financial Procedures Agreement with the International Bank for Reconstruction and Development (IBRD) acting as the trustee and the CIF Secretariat, opening the door for the Bank to become an Implementing Entity of the CCMM.
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The African Development Bank Group unveiled its new Ten-Year Strategy 2024–2033 today, a blueprint to confront Africa’s pressing challenges and to help put the continent firmly back on track towards sustained economic growth and prosperity.
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