Page 11 - Nile Explorer Issue 007
P. 11
“We are thankful for the exceptional entities: The African Development List of the 20 largest countries by voting powers
level of interest the Fight Covid-19 Bank, the African Development Fund at the African Development Bank which also
Social Bond has raised across the world, and the Nigeria Trust Fund. The AfDB's translates to shareholding.
as the African Development Bank mission is to fight poverty and improve Rank Country Voting Powers
moves towards lessening the social and living conditions on the continent (% of Total)
economic impact of the pandemic on a through promoting the investment of World 100.000
continent already severely constrained. public and private capital in projects 1. Nigeria 9.281
Our Social bond program enables us to and programs that are likely to contrib-
highlight our strong development man- ute to the economic and social develop- 2. United States 6.563
date to the investor community, allow- ment of the region. 3. Japan 5.494
ing them to play a part in improving the The AfDB is a financial provider to 4. Egypt 5.379
lives of the people of Africa. This was an African governments and private 5. South Africa 4.871
exceptional outcome for an exceptional companies investing in the regional 6. Algeria 4.209
cause,” said Hassatou Diop N’Sele, Trea- member countries (RMC). While it was 7. Germany 4.127
surer, African Development Bank. originally headquartered in Abidjan, 8. Canada 3.802
Fight Covid-19 was allocated to central Côte d'Ivoire, the bank's headquarters 9. France 3.760
banks and official institutions (53%), moved to Tunis, Tunisia, in 2003, due to 10. Côte d’Ivoire 3.687
bank treasuries (27%) and asset manag- the Ivorian civil war; before returning in 11. Libya 3.683
ers (20%). Final bond distribution statis- September 2014. 12. Morocco 3.498
tics were as follows: Europe (37%), 13. Italy 2.428
Americas (36%), Asia (17%) Africa (8%,) The largest African Development Bank 14. Ghana 2.137
and Middle-East (1%). shareholder is Nigeria with nearly 9 15. Zimbabwe 2.052
percent of the vote. All member coun-
The African Development Bank Group tries of the AfDB are represented on the 16. United Kingdom 1.689
(AfDB) or Banque Africaine de Dévelop- AfDB Board of Executive Directors. 17. Ethiopia 1.587
pement (BAD) is a multilateral develop- 18. Sweden 1.553
ment finance institution. The AfDB was 19. Switzerland 1.474
founded in 1964 and comprises three 20. Kenya 1.430
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The Nile Explorer 006 | 11
