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UK - Foreign, Commonwealth Development Office (FCDO)

African Development Bank Seventh General Capital Increase (AfDB GCI VII)

IATI Identifier: GB-GOV-1-300694

Description

The GCI VII will take the AfDB’s lending capacity from £5.5bn per year in 2020 to over £13bn in 2030, averaging £7.7bn per year across the decade. The Bank uses its shareholder’s capital to lend to credit worthy middle-income countries at near market rates, also supporting loans and investments in the private sector. The UK will purchase new shares to maintain its 1.72% shareholding, paying in £95m over 8 years from 2020. Within this funding block, there is a £15m provision for the purchase of additional shares should the opportunity arise. This would increase the UK’s shareholding, and would be subject to Ministerial approval and budgetary considerations at the time.

Location

The country, countries or regions that benefit from this Programme.
Developing countries, unspecified
Disclaimer: Country borders do not necessarily reflect the UK Government's official position.

Status Implementation

The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.

Programme Spend

Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.

Participating Organisation(s)

Help with participating organisations

Accountable:Organisation responsible for oversight of the activity

Extending: Organisation that manages the budget on behalf of the funding organisation.

Funding: Organisation which provides funds.

Implementing: Organisations implementing the activity.

Sectors

Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.

Budget

A comparison across financial years of forecast budget and spend to date on the Programme.

Policy Marker(s)

ODA measures in relation to their realisation of OECD development policy objectives

Aid Targeting the Objectives of the Convention on Biological Diversity significant objective
Aid Targeting the Objectives of the Framework Convention on Climate Change - Mitigation significant objective
Aid Targeting the Objectives of the Framework Convention on Climate Change - Adaptation significant objective
Aid Targeting the Objectives of the Convention to Combat Desertification significant objective

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