African Development Fund

The African Development Fund (ADF) contributes to poverty reduction and economic and social development in the least developed African countries by providing concessional funding for projects and programs, as well as technical assistance for studies and capacity-building activities.

Overview

OVERVIEW OF THE AFRICAN DEVELOPMENT BANK GROUP – IN BRIEF
Founded
  • 1964
Constituent Institutions
  • The African Development Bank (AfDB)
  • The African Development Fund (ADF)
  • The Nigeria Trust Fund (NTF)
Shareholders
  • 54 African countries (regional member countries)
  • 27 non-African countries (non-regional member countries)
Mission
  • To promote sustainable economic growth and reduce poverty in Africa.
Authorized Capital as of December 31, 2022
  • Units of Account (UA)* 180.64 billion
Subscribed Capital as of December 31, 2022
  • UA 148.77 billion
Paid-up Capital as of December 31, 2022
  • UA 9.97 billion
Callable capital as of December 31, 2022 (AfDB)
  • UA 138.79 billion
Total reserves as of December 31, 2022 (AfDB)
  • UA 3.67 billion
Approvals in 2022
  • UA 6,156 million
Total Approvals by High 5 Grouping, 2022
  • Light Up and Power Africa: UA 524 million (9%)
  • Feed Africa: UA 1.342 million (22%)
  • Industrialize Africa: UA 1.594 million (26%)
  • Integrate Africa: UA 1.135 million (18%)
  • Improve the Quality of Life for the People of Africa: UA 1.561 million (25%)
Total Cumulative Approvals, 1967–2022
  • 6,575 operations totaling UA 125.461 billion

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