Improving Governance in Africa

Africa's premier development financial institution The AfDB Group: three constituent institutions, separate legally and financially, with a common goal... EVELOPPE NQUE AFRICAINE DE DEV DEVELOPMENT BANK African Development Bank ("AfDB") Established in 1964 • 80 member countries . Authorized capital: US$ 93 billion • Resources raised from capital markets . 0% risk weighting under Basel II • Level 1 under Basel III AFRICAN DEVELOPMENT T FUND FONDS AFRICAIN DE DEVELOPPEMENT African Development Fund ("ADF") • Concessional financing, established in 1972 • Financed by 27 State participants and 3 regional donors • • • Subscription: US$ 36 billion • Focus on low income countries Replenished every 3 years • ONECIAL Nigeria Trust Fund (“NTF”) Established in 1976 by Nigeria Targeted at the Bank's needier countries Maturing in 2018 Total resources: US$ 235 million Board of Governors: • Highest decision making body, • Composed of Ministers of Finance and Ministers of Cooperation of the Bank's member countries Governance and Oversight Board of Directors: • • 20 Executive Directors elected by the Board of Governors Oversees the general operations of the Bank • Decisions by both Boards require two third majority or 70% should any member require so ...focused on combating poverty, and improving living conditions on the continent 4

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