The African Development Fund, the concessional arm of the African Development Bank which targets vulnerable countries, is headed to its 17th replenishment cycle.
On the sidelines of AfDB’s annual meeting in Nairobi, Kenya, organizations came together to make the case for an ambitious replenishment of $25 billion. The timing coincides with the replenishments of many other international funds, causing what has been called a development finance traffic jam.
The current two-year ADF replenishment for the period 2023 to 2024 managed to raise $8.9 billion in core ADF funding and $429 million for the Climate Action Window and hopes to commit at least 60% by October this year. It represented a 14.24% increase over the previous cycle of $7.4 billion. Countries like Algeria, Morocco, and the Democratic Republic of Congo made their first contributions during the 16th replenishment, or ADF-16.
About the author
Anthony Langat
Anthony Langat is a Kenya-based Devex Contributing Reporter whose work centers on environment, climate change, health, and security. He was part of an International Consortium of Investigative Journalism’s multi-award winning 2015 investigation which unearthed the World Bank’s complacence in the evictions of indigenous people across the world. He has five years’ experience in development and investigative reporting and has been published by Al Jazeera, Mongabay, Us News & World Report, Equal Times, News Deeply, Thomson Reuters Foundation, and Devex among others.
