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Overview

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OVERVIEW OF THE AFRICAN DEVELOPMENT BANK GROUP – IN BRIEF

Founded
  • 1964
Constituent Institutions
Shareholders
Mission
  • Advancing sustainable economic growth and social progress across Africa.
Authorized Capital as of December 31, 2024 (ADB)
  • Units of Account (UA)* 240.16 billion
Subscribed Capital as of December 31, 2024 (ADB)
  • UA 163.50 billion
Approvals in 2024 (worth)
  • UA 8.47 billion

* UA: Unit of Account

As at 31 December 2024, 1 Unit of Account (UA) was equivalent to 1.25482 Euros.


Special Funds: These are approvals on the operations of the African Water Fund and Rural Water Supply and Sanitation Initiative, Global Environment Facility, the Global Agriculture and Food Security Program, the Climate Investment Fund, the Congo Basin Forest Fund, the Fund for African private sector Assistance, the Zimbabwe Multi-Donor trust Fund, Migration and Development Trust Fund, Sustainable Energy Fund for Africa, Africa Climate Change Fund, Migration & Development Initiative Fund, MicroFinance Capacity Building Fund, Mena Trust Fund, Nigeria Technical Cooperation Fund, and Opec.