Donors Agree on $7.06 Billion to the African Development Fund

In nearly 40 years of its existence, the African Development Fund (ADF)--one of the three separate entities that make up the African Development Bank Group (AfDB)-- has awarded more than US $40 billion in funding, making it one of the main sources of concessional funding in Africa with 38 recipient countries. For the 14th replenishment of the ADF, a global coalition of donors have agreed on US $ 7.06 billion to the fund with emphasis on increased financing for fragile countries and scaled up support to the private sector. Read more. More on the AfDB in this BRIEFING.