The African Development Bank Group – Fast Facts
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.
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 2000, all multilateral development institutions have agreed on a same set of objectives, called the Millennium Development Goals (MDG). They are:
Millennium Development Goals
Eradicate extreme poverty and hunger
Improve maternal health
Achieve universal primary education
Combat HIV/AIDS, malaria and other diseases
Promote gender equality and empower women
Ensure environmental sustainability
Reduce child mortality
Develop a global partnership for development
Over the years, the Bank Group has continued to pursue its institutional reforms aimed at maximizing its development effectiveness and the quality of its operations, supporting efforts by its regional member countries and building their capacity to strengthen their economies. The Bank has also consolidated its role as the continent’s premier development finance institution, a knowledge and research centre and the preeminent voice for African development issues. For purposes of accountability and efficient management, the Bank has adopted the following structure comprising six vice presidential complexes.