African Development Bank

The purposes of the subject “The African Development Bank” are the following:

1. To understand the objectives, structure, and functions of the African Development Bank
2. To identify the areas of cooperation of the African Development Bank
3. To analyse the strategy of the African Development Bank
4. To evaluate the funds (African Development Fund, Nigeria Trust Fund, Goodwill of Africa) and the financial instruments of the African Development Bank
5. To understand the functioning of the projects and operations of the African Development Bank

Masters and Doctorates in Global Business adapted to:

1. Eastern African Students: Eritrea, Ethiopia, Kenya, Mauritius, Malawi, Seychelles, Somalia, Sudan, Tanzania, and Uganda.
2. Southern African Students: Botswana, Eswatini (Swaziland), Lesotho, Namibia, South Africa Zambia, and Zimbabwe.
3. Western African Students: The Gambia, Ghana, Liberia, Nigeria and Sierra Leone
4. Central African Students: Cameroon and Rwanda
5. Northern African Students: Egypt and Libya

Description: African Development Bank.

The African Development Bank is a multilateral development bank whose shareholders include fifty-three African countries (regional member countries) and twenty-four non-African Countries (America, Asia, and Europe).

The African Development Fund is managed by the African Development Bank and includes the Member States (donor countries) and recipient economies.

1. The main objective of the African Development Fund is to achieve the poverty reduction in Africa by providing loans and grants.

The Nigeria Trust Fund is a special African Development Bank fund created in 1976 by an agreement between the Bank Group and the Government of Nigeria.

1. The objective of the Nigeria Trust Fund is to assist the development efforts of the low-income regional African Countries whose economic and social circumstances and forecasts require concessional financing.

In 2014, the African Development Bank returned to Abidjan.

The African Development Bank belongs to the African Civilisation.

African Regional Economic Communities (REC).

1. Community of Sahel-Saharan States (CEN-SAD)
2. Common Market for Eastern and Southern Africa (COMESA)
3. East African Community (EAC)
4. Economic Community of Central African States (ECCAS)
5. Central African Economic and Monetary Community (CEMAC)
6. Economic Community of West African States (ECOWAS)
7. West African Economic and Monetary Union (WAEMU)
8. West African Monetary Zone (WAMZ)
9. Intergovernmental Authority on Development (IGAD)
10. Southern African Development Community (SADC)
11. Southern African Customs Union (SACU)
12. Arab Maghreb Union (AMU)

Regional Integration in Africa.

Most of the Member Countries of the African Development Bank are small, undiversified and face physical, political, and policy-induced constraints to the deeper economic integration with their neighbour countries and global economy.

However, the economic cooperation and regional integration are fundamental if Africa surpasses the trade barriers and take its rightful place in the global market.

In the last forty years, the African Development Bank has promoted the Regional Economic Communities (REC) through the regional economic cooperation, international trade growth, capacity building and renewed assistance for the African Union Development Agency (AUDA-NEPAD) programs.

The African Development Bank also collaborates with the national governments and the pan-African organisations; it is of particular importance with the African Union (AU) and the United Nations Economic Commission for Africa (ECA) to rationalise and streamline the Regional Economic Communities structures.

Regional member countries of the African Development Bank: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Ivory Coast, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini (Swaziland), Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe

Non-African Member Countries: Argentina, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, India, Ireland, Italy, Japan, Kuwait, Luxembourg, Netherlands, Norway, Portugal, Saudi Arabia, South Korea, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States

Related topics:

1. African Economic Transformation
2. African Continental Free-Trade Area

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