AfDB - African Development Bank Gro
$355,200,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2020-2021
- Agreement period
- May 14, 2020 – December 31, 2022
- Reference
- CA-3-P008816001
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 grant and low-interest arm of the African Development Bank (AfDB) that provides financial support to Africa's low-income countries. This 15th replenishment (ADF-15) seeks to support inclusive growth and resilience in these countries. It includes tackling the root causes of fragility and vulnerability in the process. The fund also aims to support countries currently facing severe socio-economic impacts of climate change and help them prepare to cope with climate-related consequences. By contributing to the ADF-15, Canada seeks to advance the AfDB’s poverty reduction priorities, focusing on gender equality and women and girls’ empowerment in low-income African countries.
In plain English AI-generated
Canada provides long-term institutional support to the African Development Fund (ADF) for its 15th replenishment, aiming to reduce poverty, support inclusive growth and resilience, and address climate impacts in low-income African countries, with a focus on gender equality and women's empowerment.
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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