South Africa Project Notice - 16Th Replenishment Of The African Development Fund (Afdf) Core Contribution 2023-2025

Project Notice

PNR 60946
Project Name 16th replenishment of the African Development Fund (AfDF) Core Contribution 2023-2025
Project Detail The African Development Bank Group (AfDB) is known for actively driving reforms, promoting poverty reduction and regional integration. Its role is particularly crucial in the adaptation of African countries to climate change and in addressing factors of fragility. With its African character, dynamism and pragmatic approach, the AfDB Group is well positioned to meet the challenges of 37 least developed African countries, aligned with the Evolving MDBs reform agenda. The African Development Fund (AfDF) is the concessional window of the African Development Bank (AfDB). Since its establishment in 1972, the AfDF provides advice and long-term financing to 37 low income countries in the form of concessional loans, grants and technical assistance. Special support is provided to fragile and conflict affected states, to boost private sector development and to address climate change. The AfDF has gained a strong comparative advantage in infrastructure financing (energy, transport, water and sanitation), private sector operations, regional integration and addressing fragility. During the pandemic, the AfDF responded swiftly by launching the Covid-19 Response Facility and to the food crisis as a result of the Russian military aggression against Ukraine by establishing the African Emergency Food Production Facility. It addresses the development challenges of the fragile and conflict-affected countries through the Transition Support Facility (TSF). Through the Private Sector Credit Enhancement Facility, the AfDF scales up private sector operations in AfDF eligible countries. As part of the AfDF-16 replenishment, a Climate Action Window (CAW) was established, a dedicated window within the AfDF to scale up the AfDF’s response to climate change.
Funded By African Development Bank (AfDB)
Sector Forestry
Country South Africa , Southern Africa
Project Value ZAR 212,000,000

Contact Information

Company Name The African Development Fund (AfDF)
Web Site

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