AfDB - African Development Bank Gro
$369,428,460.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2023-2024
- Agreement period
- June 26, 2023 – March 31, 2026
- Project status
- Implementation
- Reference
- CA-3-P012750001
Published purpose
This grant represents Canada’s long-term institutional support to the African Development Fund (ADF). The ADF uses these funds and other donors’ funding to achieve its mandate. The ADF is the concessional funding window of the African Development Bank (AFDB) that provides financial support to Africa's low-income countries. This 16th replenishment seeks to support inclusive growth and resilience in these countries and to tackle the root causes of fragility and vulnerability. It also aims to help them cope with the impacts of climate change. By contributing to the ADF, Canada seeks to advance the poverty reduction priorities of the AfDB, focusing on gender equality and women’s and girls’ empowerment in Africa's low-income countries.
In plain English AI-generated
This grant provides Canada's long-term institutional support to the African Development Fund (ADF), a concessional funding window of the African Development Bank, to support inclusive growth, resilience, poverty reduction, gender equality, and climate adaptation in low-income African countries.
Category: Foreign Aid Development Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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