African Development Bank and Fund

Description:

The African Development Bank Group, including the Bank itself (AfDB) and its “soft-loan” affiliate, the African Development Fund (AfDF), is a development finance institution based in Abidjan, Côte d’Ivoire. The Bank has 53 African members, as well as 24 non-regional members, including the United States. In the mid-1990s, the Bank faced management problems and difficulties arising from non-performing loans, but reforms launched in 1995 by a new Bank president, Omar Kabbaj, brought new pledges of support from the non-regionals. U.S. contributions to the Fund resumed in FY1998 and to the Bank in FY2000. This report will be updated as events warrant.
Creator(s):
Location(s): Africa
Creation Date: April 18, 2001
Partner(s):
UNT Libraries Government Documents Department
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Collection(s):
Congressional Research Service Reports
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Creator (Author):
Copson, Raymond W.
African Development Bank and Fund
Creator (Author):
Foreign Affairs, Defense, and Trade Division
Publisher Info:
Place of Publication: Washington D.C., USA
Original Creation Date: April 18, 2001
Coverage:
Place
Africa
Date
2001  
Description:

The African Development Bank Group, including the Bank itself (AfDB) and its “soft-loan” affiliate, the African Development Fund (AfDF), is a development finance institution based in Abidjan, Côte d’Ivoire. The Bank has 53 African members, as well as 24 non-regional members, including the United States. In the mid-1990s, the Bank faced management problems and difficulties arising from non-performing loans, but reforms launched in 1995 by a new Bank president, Omar Kabbaj, brought new pledges of support from the non-regionals. U.S. contributions to the Fund resumed in FY1998 and to the Bank in FY2000. This report will be updated as events warrant.
Physical Description:

6 pages.
Language(s):
Subject(s):
Partner:
UNT Libraries Government Documents Department
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Collection:
Congressional Research Service Reports
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Identifier:
Resource Type: Report
Format: Text
Rights:
Access: Public