News Rendezvous

The African Development Fund, the concessional financing arm of the @AfDB_Group, has secured a record $11 billion from 43 Partners for its 17th Replenishment (ADF-17), the largest in the Fund’s history, despite severe global fiscal constraints and declining aid budgets.

The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group (AfDB), has secured a record $11 billion from 43 development partners for its 17th Replenishment (ADF-17), marking the largest funding round in the Fund’s history.

The landmark commitment comes at a time of severe global fiscal pressure, rising debt burdens, and declining international aid budgets, underscoring renewed confidence in the Fund’s role in supporting Africa’s most vulnerable economies.

According to the AfDB Group, the ADF-17 resources will be channelled towards accelerating development outcomes in low-income and fragile African countries, with a focus on poverty reduction, climate resilience, food security, infrastructure development, and economic recovery.

Development partners praised the Fund’s strong performance, financial discipline, and measurable impact across the continent, noting that the replenishment reflects trust in the ADF’s governance and results-driven approach.

The African Development Fund provides grants and highly concessional loans to countries that lack the capacity to borrow on non-concessional terms, playing a critical role in addressing inequality and fostering inclusive growth.With the record ADF-17 replenishment, the AfDB Group says it is better positioned to respond to Africa’s development challenges amid mounting global uncertainties, while advancing the continent’s long-term transformation agenda.