African Development Fund Mobilises a Historic $11 Billion, Marking a New Era of African Ownership and Investment-Led Development

ADF Secures $11bn Boost, Marking Shift to Investment-Driven Development

This record-setting mobilisation—the largest in the Fund’s 50-year history—comes despite a period of global fiscal tightening, shrinking aid budgets, and rising economic uncertainties.

African Development Fund Mobilises a Historic $11 Billion, Marking a New Era of African Ownership and Investment-Led Development

Announcement - The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has secured a record $11 billion from 43 Partners for its 17th Replenishment (ADF-17), the largest in the Fund's history, despite severe global fiscal constraints and declining aid budgets.

AfDB raises $11bn to support Africa-led development projects

The African Development Bank Group (AfDB) has raised a record $11 billion for the African Development Fund (ADF), which provides low-cost loans to low-income countries to support development projects. This is the largest amount in the Fund’s history, achieved despite cuts in global aid budgets and financial pressures worldwide. The funds, raised from 43 partners for the 17th replenishment (ADF-17), marks a 23 per cent increase over the previous …