African Development Bank (AfDB)

African Development Bank (AfDB)

The overarching objective of the AfDB Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.

The Bank Group achieves this objective by mobilizing and allocating resources for investment in RMCs and providing policy advice and technical assistance to support development efforts.

In particular the AfDB’s Strategy for 2013–2022 reflects the aspirations of the entire African continent. It is firmly rooted in a deep understanding and experience of how far Africa has come in the last decade, and where it wishes to go to in the next. This Strategy is designed to place the Bank at the center of Africa’s transformation and to improve the quality of Africa’s growth, broadening and deepening it, mainly by ensuring that growth is shared and not isolated, for all African citizens and countries. It also aims to bring about growth that is not just environmentally sustainable, but also economically empowering. When growth is inclusive as well as “green”, it creates the jobs that the continent needs now and that it will need in the future, for the benefit of millions of young people ready to enter the job market.