The African Development Fund, the concessional financing arm of the @AfDB_Group, has secured a record $11 billion from 43 Partners for its 17th Replenishment (ADF-17), the largest in the Fund’s history, despite severe global fiscal constraints and declining aid budgets.
➡️ https://t.co/yuQN2r9WnW #ADF17 #ADFDelivers
Quotable quote from #ADF17 | @AfDBPresident Sidi Ould Tah, "The success of ADF-17 is a clear endorsement of this direction. To our Deputies, our donors, our African contributors, our partners, and our teams, both in capitals and here on the ground, thank you. Your leadership, perseverance, and trust made this outcome possible. Africa is ready. The African Development Bank Group is ready. Now, let's go to work. Together."
Following the historic success of the 17th replenishment of the African Development Fund which mobilised a record $11 billion, @AfDB_Group President Sidi Ould Tah and Baroness Chapman convened the Africa Private Capital Mobilisation Day in London, bringing public and private partners together to scale coordinated private capital solutions for Africa’s development.
The discussions focus on how concessional finance, guarantees, co-financing and risk-sharing can work together to crowd in private investment at scale, lower the cost of capital and accelerate delivery.
For over 50 years, the African Development Fund has fuelled economies in Africa.
It is more than a fund—it's a growth catalyst that builds comprehensive infrastructure, transforms economies, creates jobs, and develops supply chains locally and internationally.
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Historic milestone for Africa’s development.
The African Development Fund has mobilised a record $11 billion for #ADF17, the largest replenishment in its history.
This marks a shift from aid to investment, with unprecedented African contributions, new large-scale concessional co-financing partnerships, and a stronger focus on crowding in private capital to deliver impact at scale.
This is a turning point for development finance, with Africa as a co-investor in its future.
Today, President @vonderleyen & PM @GiorgiaMeloni reaffirm our strategic partnership under 🇪🇺 #GlobalGateway & 🇮🇹 Mattei Plan for Africa.
Together, we're mobilising transformative investments across the continent for more connection, more growth, more resilience. 🌍
Learn moreToday, President @vonderleyen & PM @GiorgiaMeloni reaffirm our strategic partnership under 🇪🇺 #GlobalGateway & 🇮🇹 Mattei Plan for Africa.
Together, we're mobilising transformative investments across the continent for more connection, more growth, more resilience. 🌍
Learn moreToday, President @vonderleyen & PM @GiorgiaMeloni reaffirm our strategic partnership under 🇪🇺 #GlobalGateway & 🇮🇹 Mattei Plan for Africa.
Together, we're mobilising transformative investments across the continent for more connection, more growth, more resilience. 🌍
Learn moreToday, President @vonderleyen & PM @GiorgiaMeloni reaffirm our strategic partnership under 🇪🇺 #GlobalGateway & 🇮🇹 Mattei Plan for Africa.
Together, we're mobilising transformative investments across the continent for more connection, more growth, more resilience. 🌍
Learn moreToday, President @vonderleyen & PM @GiorgiaMeloni reaffirm our strategic partnership under 🇪🇺 #GlobalGateway & 🇮🇹 Mattei Plan for Africa.
Together, we're mobilising transformative investments across the continent for more connection, more growth, more resilience. 🌍
Learn moreToday, President @vonderleyen & PM @GiorgiaMeloni reaffirm our strategic partnership under 🇪🇺 #GlobalGateway & 🇮🇹 Mattei Plan for Africa.
Together, we're mobilising transformative investments across the continent for more connection, more growth, more resilience. 🌍
Learn more:
Face aux attaques brutales de l’extrême droite, nous affirmons avec @CaroitEleonore & 130 députés que l’aide publique au développement #APD est l'incarnation de notre engagement pour un monde plus juste et plus durable🌎 @AssembleeNat@AFD_France@ECCJorg https://t.co/6Fn3zl7TOG
Banking on success! Great exchanges with the Senior Vice President of the @AfDB_Group and her team to look for synergies between our two organizations. At a time international cooperation is challenged as never before, working together is the best response! #enablingchange
#FAD16RMP se tiendra au #Bénin pour évaluer l’impact du Fonds africain de développement en matière de gouvernance, d’infrastructures résilientes et de soutien aux États fragiles.
Plus de détails sur la revue à mi-parcours : https://t.co/YdKurbY9gR
Excellent meetings with the Prime Minister of Italy, @GiorgiaMeloni at the G7 Summit. The @AfDB_Group will implement Italy’s multi-donor special fund of €100 million with the UAE ($25 million) and a €140 million Mattei plan bilateral arrangement with Africa.
President @WilliamsRuto of Kenya announced $20 million support by Kenya to the African Development Fund. This marks the largest contribution by an African country to the Fund. Thank you very much my dear friend and brother, Mr. President! @AfDB_Group
Parliamentary State Secretary Dr @BaerbelKofler of @BMZ_Bund confirming #Germany’s readiness to subscribe to its share of #AfDB‘s General Callable Capital Increase. #AfDBAM2024@AfDB_Group
https://t.co/jbj8pfYcMO
@XOctomore@EricMassaud@EmmanuelMacron … et donc de réduire les velléités de populations paupérisées à risquer leur vie dans la traversée de la Méditerranée pour trouver de meilleures conditions de vie…
D’où l’investissement bénéfique à tous. (4)
@XOctomore@EricMassaud@EmmanuelMacron Contribuer à lutter contre cette problématique permet de développer des opportunités de création de revenus (libérer du temps pour des activités productives et génératrices de revenus essentiellement pour les femmes qui ne passeront plus de temps à collecter le bois/charbon) (3)
@XOctomore@EricMassaud@EmmanuelMacron La pollution domestique due aux modes de cuisson charbon et bois a des impacts humanitaires (décès prématurés) et environnementaux (déforestation massive). Elle est associée à des facteurs de pauvreté importants, particulièrement en milieu rural. (2)