A Compendium of African Industrial and Infrastructure Projects Funded by the African Development Bank - Busan Presentation
- Publisher:
- AfDB
- Publication Date:
- 25 May 2018
- Tags:
- Africa, Economy, Business and Finance, Industry and Infrastructure
The African Development Bank, under the leadership of its President, Akinwumi Adesina, has increased disbursements to support the structural transformation of countries in Africa, according to its Annual Report, released during the Annual Meetings in Busan, Korea. Bank disbursements reached US $7.81 billion in 2017, a 15% increase over 2016 and the highest on record for the Bank. This increase was driven, to a large extent, by the 42% increase in project loan and grant disbursements, which reflect in part, improved portfolio management. The Bank approved 249 operations amounting to US $8.93 billion. This was reflected in its core financing, disbursements, operational strategies and portfolio management. Adesina indicated that this "reflected a 56% increase in disbursements for non-sovereign operations. A clear sign of the Bank Group's increasing engagement with Africa's private sector, non-sovereign operations accounted for 38% of African Development Bank approvals, the highest on record."
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