AfDB (BAD) African development bank now worth $100bn

Dakar, 10 juin (APS)

47 ans après la création de la Banque africaine de développement (BAD), son capital est passé de 250 millions à 100 milliards de dollars, a indiqué jeudi à Dakar, le représentant-résident du bureau régional de ladite banque, Mohamed H’Midouch

source: aps.sn | afdb.org/fr

Why does the Bank Group AfDB

Need a General Capital Increase (CGI)?

This has happened at a moment where Africa faces significant hurdles, such as financing gaps in excess of USD 117 billion in 2009 and USD 130 billion in 2010 just to meet the Millennium Development Goals.

Looking ahead significant long-term challenges remain – like climate change and energy generation. The financial crisis has already added to the increasing burden in Africa of coping with climate change, which is estimated to reach at least USD 10 billion – and more likely USD 30 billion – every year by 2030.

AfDB African Development Bank: afdb.org