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The African Development Bank(AfDB) has set up the SEFA-funded COP26 Rapid Response Facility to provide short-term, demand-driven advisory support to Nigeria,
The Annual Development Effectiveness Review (ADER) serves as a benchmark of the Bank’s progress in contributing to Africa’s development. This year presents an opportunity to demonstrate that the Bank has responded swiftly and meaningfully to the needs of its regional member countries. The Bank has done more than step up to the plate with financing. For the second year in a
The Annual Development Effectiveness Review (ADER) serves as a benchmark of the Bank’s progress in contributing to Africa’s development. This year presents an opportunity to demonstrate that the Bank has responded swiftly and meaningfully to the needs of its regional member countries. The Bank has done more than step up to the plate with financing. For the second year in a row, despite fierce competition for resources, the Bank was able to pivot into helping countries shore up their budgets, fund vital social services and resume investing in key infrastructure.
ADB responded effectively to its clients’ urgent needs amid the COVID-19 pandemic and should accelerate efforts to achieve the vision of its Strategy 2030 to support recovery and the Sustainable Development Goals, says a report.