Courses : Intermediate Macroeconomics Lecturer : Frischa Adellia Semester : 4th Semester, 2022/2023 Sesion African Development Bank The African Development Bank (AfDB) is an international financial institution founded in 1964 to help promote economic growth and development in African countries. AfDB is headquartered in Abidjan, Ivory Coast, and has 81 member countries, including 54 countries on the African continent and 27 countries outside the continent. AfDB focuses on providing financial and technical support to member countries in various sectors, including agriculture, energy, infrastructure and industry. The AfDB also assists member countries in promoting inclusive and sustainable economic growth, as well as strengthening public and private sector capacities to build and maintain strong economies. AfDB has several programs and initiatives to achieve its goals, including: 1. Infrastructure Development: AfDB provides financial and technical support to member countries to build needed infrastructure, such as roads, bridges, ports and airports, and strengthen the transport and energy sectors. 2. Enhanced Food Security: The AfDB assists member countries in increasing food production and increasing access to safe and nutritious food, through technical support, funding, and training programs. 3. Women and Youth Empowerment: AfDB is committed to promoting gender equality and strengthening the role of women and youth in economic and social development, through programs and initiatives such as the African Women's Empowerment Partnership. 4. Finance and Investment: AfDB assists member countries in increasing access to finance and sustainable investment, including by strengthening the financial sector and supporting investments that have a positive impact on economic and social development. 5. Environment and Climate Change: AfDB assists member countries in addressing environmental and climate change challenges, including by promoting clean technologies and renewable energy, and reducing greenhouse gas emissions and vulnerability to climate change. 6. Health and Education: AfDB provides support to member countries in increasing access to quality health and education services, including through programs and initiatives such as the African Schools Initiative. 7. Conflict and Fragility: AfDB assists member countries in dealing with conflict and fragility, and promotes peace and stability across the African continent. Overall, the AfDB is an important international institution for economic and social development in Africa. Through its programmes, initiatives and financial and technical support, the AfDB can assist member countries to build and maintain strong and inclusive economies, and strengthen public and private sector capacities to advance sustainable development in Africa. AfDB is also committed to working with other international institutions, including the World Bank and the International Monetary Fund (IMF), as well as with the public and private sectors around the world, to strengthen economic and social development in Africa. The AfDB has several financial instruments to provide financial support to member countries, including loans, technical assistance, grants and capital investments. AfDB also promotes partnerships and cooperation between the public and private sectors to accelerate economic and social development in Africa. Overall, the AfDB plays a critical role in promoting economic growth and sustainable development in Africa, as well as strengthening public and private sector capacities to build and maintain strong and inclusive economies. To achieve its objectives, AfDB implements various programs and initiatives, including: 1. Development Finance Program: This program provides loans and technical assistance to member countries to support development projects aimed at improving infrastructure, economic growth, and societal prosperity. 2. Private Sector Initiatives: AfDB promotes private sector investment in Africa through various initiatives, such as the African Guarantee Fund, the African Investment Forum, and the Facility for Energy Inclusion. 3. Gender Initiative: AfDB places gender equality as a top priority in its programs and policies. AfDB strengthens the role of women in economic and social development in Africa through the African Women's Economic Leadership Initiative, as well as through support to women in agriculture and business. 4. Africa Agriculture Transformation Initiative: The AfDB is committed to increasing the productivity and efficiency of the agricultural sector in Africa through the Africa Agriculture Transformation Initiative. This program aims to increase the availability and accessibility of food in Africa, as well as increase farmer incomes and rural development.