African development fund replenished with $9.5bn

In concluding the ADF-12 negotiations, donors strongly endorsed the ongoing institutional reforms and the strengthened results focus of the AfDB Group, and the effectiveness and delivery capacity of the ADF. They also noted the critical role that the ADF is playing in low income countries in Africa.

The AfDB Group President, Donald Kaberuka, noted: "I applaud the effort made by many donors to replenish the African Development Fund in spite of the tough fiscal position in many countries. It is a signal of confidence in the Fund/Bank and we will do our best to deploy these resources optimally in the agreed priority areas".