African Development Bank Group (AfDB)

BP 323 1002, Tunis-Belvedère, Tunisia

Phone : + 216 71333511/103450 / Fax : + 216 71351933

Web site : www.afdb.org/

Experts : Gabriel NEGATU, Carlos Santiso

Established to help development efforts on the continent, the African Development Bank (AfDB) Group comprises three distinct entities under one management: the African Development Bank (ADB) which is the flagship or parent institution, established on August 4, 1963 in Khartoum, Sudan, by the then 23 newly independent African countries; as well as two concessionary windows - the African Development Fund (ADF), established on November 29, 1972, by the African Development Bank and 13 non-African countries, and the Nigeria Trust Fund (NTF), set up in 1976 by the Federal Government of Nigeria. The inaugural meeting of the Board of Governors of the Bank was held from November 4-7, 1964, in Lagos, Nigeria, and the headquarters was opened in Abidjan, Côte d’Ivoire, in March 1965. Its operations commenced on July 1, 1966. Since early 2003, the Group operates from its Temporary Relocation Agency (TRA) in Tunis, Tunisia.

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