AfDB - African Development Bank Gro
$148,450,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2011-2012
- Agreement period
- April 1, 2011 – March 31, 2016
- Reference
- CA-3-M013307001
Published purpose
This contribution represents Canada’s long-term institutional support to the African Development Bank (AfDB). The AfDB uses these funds, along with other donors’ funding, to achieve its mandate. The AfDB works to reduce poverty, improve living conditions and mobilize resources for the sustainable economic and social development of its 53 African-country members. The Bank promotes cooperation (including regional and sub-regional cooperation) and international trade, particularly among its African-member states. The AfDB Medium Term Strategy focuses on infrastructure, governance, developing a more robust private sector, and higher education. Through investments in these areas, the Bank contributes directly to regional integration, middle-income countries (MIC) and fragile states assistance, human development and agriculture. Knowledge generation, climate change and gender will be mainstreamed in all the institution’s operations.
In plain English AI-generated
This contribution provides Canada's long-term institutional support to the African Development Bank to reduce poverty and promote sustainable economic and social development in African member 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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