Finland's Participation in the 14th Replenishment of the African Development Fund (ADF-14)
Development cooperation , 23.11.2016

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

Description

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.

More information

http://www.afdb.org/en/about-us/corporate-information/african-development-fund-adf/

Funding decision  23.11.2016

37 392 498 €

Target region

Developing countries

Objectives monitored by OECD's Development Assistance Committee

  • Aid to environment
  • Climate change - mitigation
  • Climate change - adaptation
  • Gender equality
  • Participatory development/Good governance

Field of activity

  • Multisector aid 100%

Type of aid

Core contributions to multilateral institutions

Special target group

  • girls
  • children
  • youth

Funding channel

Afrikan kehitysrahasto

Contact

keo-50

Code for the object of funding

89892104

ID

UHA2012-003924

Modified

22.12.2016