About new africans world bank

You're referring to the New African Development Bank (AfDB)!

The African Development Bank (AfDB) is a multilateral development bank that aims to promote economic development and social progress in Africa. Here are some key facts about the AfDB:

History: The AfDB was established in 1964 by 32 African countries, with the goal of promoting economic development and cooperation among African countries.

Mission: The AfDB's mission is to "promote economic growth, poverty reduction, and improved living standards in Africa" by providing financing, policy advice, and technical assistance to its member countries.

Structure: The AfDB has a Board of Governors, which is composed of representatives from its member countries, as well as a Board of Directors, which is responsible for the day-to-day management of the bank.

Financing: The AfDB provides financing to its member countries in the form of loans, credits, and grants. It also provides technical assistance and policy advice to support the development of its member countries.

Focus areas: The AfDB focuses on several key areas, including:

  1. Energy and infrastructure: The AfDB provides financing and technical assistance to support the development of energy and infrastructure projects in Africa.
  2. Agriculture and food security: The AfDB works to improve agricultural productivity and food security in Africa by providing financing and technical assistance to farmers, agricultural businesses, and governments.
  3. Private sector development: The AfDB provides financing and technical assistance to support the development of the private sector in Africa, including small and medium-sized enterprises (SMEs).
  4. Regional integration: The AfDB works to promote regional integration and cooperation among African countries by providing financing and technical assistance to support regional projects and initiatives.

Recent initiatives: The AfDB has launched several initiatives in recent years, including:

  1. The High 5s: The AfDB's High 5s are five key areas of focus for the bank, including "Light up and Power Africa," "Feed Africa," "Industrialize Africa," "Integrate Africa," and "Improve the Quality of Life for the People of Africa."
  2. The African Development Fund: The African Development Fund is a special fund established by the AfDB to provide financing to low-income countries in Africa.
  3. The African Investment Forum: The African Investment Forum is an annual event that brings together investors, policymakers, and business leaders to discuss investment opportunities in Africa.

Impact: The AfDB has made significant contributions to economic development and poverty reduction in Africa. According to the bank's own estimates, it has:

  1. Approved over $130 billion in financing: Since its establishment, the AfDB has approved over $130 billion in financing to support development projects in Africa.
  2. Supported over 6,000 projects: The AfDB has supported over 6,000 projects in Africa, including infrastructure, agriculture, and private sector development projects.
  3. Reduced poverty: The AfDB's efforts have helped to reduce poverty in Africa, with the bank estimating that its interventions have lifted over 100 million people out of poverty.

Overall, the African Development Bank plays a critical role in promoting economic development and social progress in Africa, and its efforts have had a significant impact on the continent.