AfDB Mulls Increased Aid for Fragile States

Women walking along the road in Burundi. Photo by: d_proffer / CC BY 2.0 d_profferCC BY 2.0

The African Development Bank is eyeing to increase its development assistance to fragile states to help these countries on initiatives related to macroeconomic stabilization and boost their progress toward achieving the U.N. Millennium Development Goals, according to one bank official.

James Wahome, lead economist in AfDB’s Fragile States Unit, noted that the bank allocated USD547 million in 2009 through its Fragile States Facility to help cushion the effects of the financial crisis in the most vulnerable countries in Africa.

The money was used to support the implementation of governance reforms, rehabilitation of key infrastructure and development of institutional capacity in recipient countries, Wahome added.

In May, Devex reported that AfDB drew USD15 million from the Fragile States Facility for a grant to help Burundi finance its national budget and toughen regulation of its public finances.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.