Established to provide concessional buffer to needy economies on the continent, the African Development Fund (ADF), is not only facilitating rapid rollout of development projects, but its investments continue to transform and sustain lives, beneficiaries say.
In 38 of the continent’s neediest countries, the Fund is creating linkages to promote regional integration, commercial exchanges and enhancing food security by investing in power projects, roads and bridges, and other critical industrial and livelihood buildouts.
Zoom on transformative projects
ADF a strategic and trusted partner: impact in numbers
By the end of its current cycle, the ADF would have provided, since its inception, about $47.6 billion to strengthen fragile societies, in addition to building resilience and giving hope to the vulnerable.
Over the past 3 ADF cycles (2011 to 2018) the Bank has developed strong developmental impact in ADF countries:
Administered by the African Development Bank (www.AfDB.org) the Fund comprises 32 contributing states and benefits 38 countries.
The ADF-eligible countries include those that are increasing their economic capacities and heading toward becoming the new emerging markets, as well as those that remain fragile and need special assistance for basic service delivery.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
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