African Development Bank
Partnership with AFD
AfDB is AFD’s 3rd largest co-financier. The partnership between our two institutions has been built in the sectors of infrastructure, water and sanitation, agriculture and the private sector. Africa is a priority for AFD and reinforcing its partnership with the Bank is consequently a core objective. New areas for partnerships are to be explored, particularly in the sectors of urban infrastructure and the fight against climate change.
Presentation of the Institution
The African Development Bank was founded in 1963 and is the largest donor in Africa. It has 53 regional and 24 non-regional members. France is one of the main shareholders of the Institution, with 3.7% of the share capital, and is the second largest contributor to the African Development Fund. The Bank has set out to implement far-reaching reforms in recent years in order to modernize the way it operates and enhance its responsiveness. With over €9 billion of new commitments, AfDB’s activity rose by 142% in 2009 compared with the previous year.