The AFD (African Development Bank) is a multilateral development bank whose shareholders include 53 countries
(regional member countries) and 24 non-countries of Africa (America,
Asia, and Europe).
The African Development Fund is managed by the African Development Bank and
includes state members (donor countries) and recipient economies. The main objective
of the African Development Fund (ADF) is to reduce poverty in regional countries
of Africa by providing
loans and grants.
The Nigeria trust fund (NTF) is a special African Development Bank fund created in 1976 by
agreement between the Bank Group and the
Government of Nigeria. The
objective of the Nigeria trust fund (NTF) is to assist the development efforts of the
African Development Bank low-income regional
countries of Africa whose economic and social circumstances and forecasts require
Example of the course AFDB (African Development Bank Group):
Regional integration in Africa
Most of economies members of the African Development Bank are small, undiversified and face physical, political, and policy-induced constraints to
deeper economic integration with their neighbors countries and the global economy.
However, economic cooperation and regional integration are key if Africa is
to surpass International trade and other barriers of international trade and take its rightful place in the global market.
In the last 40 years, the African Development Bank has promoted regional Economic communities (RECs) through regional economic cooperation, International Trade growth
(import export), capacity building and renewed assistance for the
New Partnership for Africa's Development (NEPAD)
The African Development Bank also collaborates with national governments and pan-African organizations, particularly the African Union (AU) and United Nations Economic Commission for Africa (UNECA), to rationalize
and streamline REC structures.
African regional economic communities
- Community of Sahel-Saharan States (CEN-SAD)
- Common market for Eastern and Southern Africa (COMESA)
- East African Community (EAC)
- Economic Community of Central African States (ECCAS/CEEAC)
- Economic and Monetary Community of Central Africa (CEMAC)
- Economic Community of West African States (ECOWAS). West African Economic and
Monetary Union (UEMOA). West African Monetary Zone (WAMZ)
- Intergovernmental Authority on Development (IGAD)
- Southern African development community (SADC). Southern African customs union (SACU).
- Arab Maghreb Union (AMU/UMA)
African Development Bank Regional member countries
Central African Republic (CAR)
Ivory Coast (Côte d'Ivoire)
Democratic Republic of Congo
Sao tome and Principe