The African Development Bank is the Group's parent organization. The Agreement establishing the African Development Bank was adopted and opened for signature at the Khartoum, Sudan, conference on August 4, 1963.
This agreement entered into force on September 10, 1964. The Bank began effective operations on July 1, 1966. Its major role is to contribute to the economic and social progress of its regional member countries - individually and collectively.
As of 31 December 2018, the African Development Bank's authorized capital is subscribed to by 80 member countries made up of 54 independent African countries (regional members) and 26 non-African countries (non-regional members).
The institution’s resources come from ordinary and special resources. Ordinary resources comprise:
the subscribed shares of the authorized capital, a portion of which is subject to call in order to guarantee ADB borrowing obligations;
funds received in repayment of ADB loans;
funds raised through ADB borrowings on international capital markets;
income derived from ADB loans; and
other income received by the Bank, e.g. income from other investments.
Under Article 8 of the Agreement establishing the AfDB, the Bank is authorized to establish or be entrusted with administering and managing special funds which are consistent with its purposes and functions. In line with this provision, the African Development Fund (ADF) was established with non-African states in 1972 and the Nigeria Trust Fund (NTF) with the Nigeria Government in 1976. Other special and trust funds include:
the Arab Oil Fund;
the Special Emergency Assistance Fund for Drought and Famine in Africa;
the Special Relief Fund.
The African Development Bank Group – Fast Facts
Mission To promote sustainable economic growth and reduce poverty in Africa.
Authorized Capital as of December 31, 2017 UA 66.98 billion
Subscribed Capital as of December 31, 2017 UA 65.49 billion
Paid-up Capital as of December 31, 2017 UA 4.90 billion
Callable capital as of December 31, 2017 (AfDB) UA 60.52 billion
Total reserves as of December 31, 2017 (AfDB) UA 2.98 billion
Approved Operations, 2017
249 operations totaling UA 6.20 billion, financed as follows:
ADB: UA 4.50 billion
ADF*: UA 959.5 million
PSF: UA 150.7 million
TSF: UA 302.8 milion
Special Funds: UA 280.8 million
Loans: UA 5.02 billion (110 operations)
Grants: UA 467.7 million (76 operations)
Equity Participations: UA 70.0 million (7 operations)
Guarantees: UA 335.0 million (15 operations)
Special Funds: UA 280.8 million (41 operations)
Total Approvals by High 5 Grouping, 2017
Light Up and Power Africa: UA 1.23 billion (19.9%)
Feed Africa: UA 849.6 million (13.7%)
Industrialize Africa: UA 855.4 million (13.8%)
Integrate Africa: UA 431.5 million (7.0%)
Improve the Quality of Life for the People of Africa: UA 2.83 billion (45.7 %)
Total Cumulative Approvals, 1967–2017 5,528 operations totaling UA 102.20 billion
* Excludes PSF and TSFSpecial Funds: These are approvals on the operations of the African Water Fund and Rural Water Supply and Sanitation Initiative, Global Environment Facility, the Global Agriculture and Food Security Program, the Climate Investment Fund, the Congo Basin Forest Fund, the Fund for African private sector Assistance, the Zimbabwe Multi-Donor trust Fund, Migration and Development Trust Fund, Sustainable Energy Fund for Africa, Africa Climate Change Fund, Migration & Development Initiative Fund, MicroFinance Capacity Building Fund, Mena Trust Fund, Nigeria Technical Cooperation Fund, and Opec.
Mission & Strategy
The overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction. The Bank Group achieves this objective by:
mobilizing and allocating resources for investment in RMCs; and
providing policy advice and technical assistance to support development efforts.
In 2015, all multilateral development institutions have agreed on a same set of objectives, called the Sustainable Development Goals. They are: Sustainable Development Goals Goal 1. End poverty in all its forms everywhere Goal 2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture Goal 3. Ensure healthy lives and promote well-being for all at all ages Goal 4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all Goal 5. Achieve gender equality and empower all women and girls Goal 6. Ensure availability and sustainable management of water and sanitation for all Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all Goal 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all Goal 9. Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation Goal 10. Reduce inequality within and among countries Goal 11. Make cities and human settlements inclusive, safe, resilient and sustainable Goal 12. Ensure sustainable consumption and production patterns Goal 13. Take urgent action to combat climate change and its impacts Goal 14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development Goal 15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss Goal 16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels Goal 17. Strengthen the means of implementation and revitalize the global partnership for sustainable development
As the continent’s premier development finance institution, the African Development Bank (AfDB) Group borrows from capital markets for on-lending to its regional member countries. In order to effectively play this role, the AfDB uses a variety of instruments and produces reports in the process. The institution’s development assistance has been channeled through various instruments. The conventional instruments used by the Bank Group up until the early 1980s, were mainly project loans, including lines of credit, and technical assistance. Following structural reforms in the mid-1980s, the need for structural reforms called for the introduction of different mechanisms to ensure faster-disbursing and policy-based loans. This led to the introduction of Structural Adjustment Programs at the macro-economic level, and Sectoral Adjustment Programmes at the sectoral level via the instruments of Structural Adjustment Loans (SALs) and Sectoral Adjustment Loans (SECALs). Over the years, Bretton Woods Institutions (BWIs) have played leading role in the design and formulation of these programmes. However, the Bank Group has, however, gradually become an active partner in the process, in a complementary context. In order to strengthen its future participation in policy-based lending (PBL) operations, the Bank is playing a more active role in background studies and policy dialogue to ensure it adds value to the content and design of policy framework papers. For more on each instrument or report, click on links below.
Regional member countries
Central African Republic
Democratic Republic of Congo
São Tomé and Príncipe
Non-regional member countries
United States of America
United Arab Emirates (ADF only)