Finland's Participation in the 14th Replenishment of the African Development Fund (ADF-14)

Description What is done in the programme or project and why, what results are pursued, who benefits from the activities and who are involved in the implementation.

African Development Fund (ADF), which is part of the African Development Bank Group (AfDB), provides grant assistant and concessional loans to the poorest and most fragile countries of the continent. Priority areas of ADF operations are energy and energy access, food security and agriculture, industrialization, regional integration and improving Africans' quality of life, incl. education and youth employment. Gender equality, climate change, fragile states and good governance are cross-cutting priorities in ADF operations. Largest beneficiaries of the Fund in recent years have included Ethiopia, Tanzania, Kenya, Sudan and Burkina Faso. The granted funding is Finland's contribution to the African Development Fund for the replenishment period 2017-2019. During the cycle the AfDB intends to e.g. create 830,000 new jobs for Africa's youth directly and 2.7 million jobs indirectly, equip 2.2 million people with job-specific skills and contribute towards investment in 5 GW of new and additional electricity generation capacity.