African Development Bank
The overall objective of the African Development Bank (AfDB) Group is to support the economic development and social progress of African countries individually and collectively, by promoting investment of public and private capital in projects and programs designed to reduce poverty and improve living conditions. Combating poverty is at the heart of the AfDB’s efforts to assist the continent to attain sustainable economic growth.
The AfDB strives to mobilize internal and external resources to promote investment and provide technical assistance to the Regional Member Countries. The AfDB Group also promotes international dialogue on development issues concerning Africa. It supports policy reforms, capacity building, knowledge sharing, studies and preparation of development projects.
From 2006, the AfDB has placed greater emphasis on the following strategic areas: investing in infrastructure; the private sector, supporting economic and governance reforms; promoting higher education, technology and vocational training; and promoting regional integration. Through these core investment areas, the AfDB Group provides support to fragile states, low income countries, middle-income countries, agriculture and rural development, social and human development, the environment and climate change, and gender issues.