With ADF under pressure, AfDB expands financing options

Men unload goods from a boat at Lamu port in Kenya. One of the country’s key infrastructure projects is the construction of a new port in Lamu, which the government envisions to be the largest in the continent. Photo by: Stanislav Lvovsky / CC BY-NC-ND

There are 40 African countries relying on the African Development Fund, the African Development Bank’s concessional lending facility.

With member countries’ increasing financial needs, ADF resources in recent years have often been nearly or completely utilized. In 2013, resources under ADF-12 for example were expected to be 98 percent exhausted, leaving only 2 percent of the window’s resources unused, partly due to conflicts in some of its member countries, which had an effect on program implementation.

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About the author

  • Ravelo jennylei

    Jenny Lei Ravelo

    Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.