Canada and the African Development Bank

Created in 1964, the African Development Bank's (AfDB) mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for Africa's economic and social development in order to support the poorest region of the world.

The AfDB has 80 country members, with Canada becoming a member in 1982. Canada holds a permanent seat on the 20-member AfDB Board of Directors and is the fourth largest non-African shareholder to the Bank. Canada also has a seat on the 14-member Board of Directors of the AfDB's African Development Fund (ADF). The ADF provides low interest loans and grants to support the poorest and most vulnerable African countries.

Canada’s support for the African Development Bank

In September 2014, Canada renewed its support to the African Development Fund (ADF), announcing a contribution of $309.3 million over three years (2014-2016), to contribute to economic and social development in the least developed African countries.

Canada also contributes to several thematic multi-donor funds managed by the AfDB, including in the infrastructure and water sectors:

Achievements

Between 2011 and 2013, with the support of Canada and other international donors, the AfDB has helped:

Related Links

Date Modified: