AFDB African Development Bank. Nigeria trust fund.

Course summary (African Development Bank)

The AFD (African Development Bank) is a multilateral development bank whose shareholders include 53 countries of Africa (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 concessional financing.

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) programs.

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)

AFRICA Scholarships