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African Development Bank Group (AfDB)

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    • The African Development Bank (AfDB) and the Government of Libya are pleased to announce the signing of a new grant agreement aimed at strengthening public financial management (PFM) systems in Libya
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Source: African Development Bank Group (AfDB) |

African Development Bank and the Government of Libya Sign Agreement to Strengthen Public Financial Management through support of Fund for African Private Sector Assistance (FAPA) 

By enhancing public expenditure management, the project aims to deliver critical public services and infrastructure while creating a more favorable business environment that encourages private sector growth

The African Development Bank (AfDB) (www.AfDB.org) and the Government of Libya are pleased to announce the signing of a new grant agreement aimed at strengthening public financial management (PFM) systems in Libya. The agreement, signed on Monday, 18 November 2024, underscores the continued commitment of both institutions to fostering economic…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Dig deep to aim high: how to use mining to unlock Mauritania’s potential (By Malinne Blomberg)

The Bank’s financial support goes hand in hand with a strong commitment to the country's compliance with environmental and social standards

By Malinne Blomberg These are exciting times in Mauritania. This nation connecting West and  North Africa is transforming its economy through mining, green hydrogen, and natural gas. During the campaign for presidential elections, held on June 29, President Ould Ghazouani announced he would scale up the mining industry if re-elected. Here…

African Development Bank Group (AfDB)

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    • Statement by African Development Bank Group President Dr Akinwumi Adesina in response to the flood emergency in Libya
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Source: African Development Bank Group (AfDB) |

Statement by African Development Bank Group President Dr Akinwumi Adesina in response to the flood emergency in Libya

This storm has resulted in a significant loss of life and widespread devastation, most notably in the worst hit city of Derna

On behalf of the African Development Bank Group (www.AfDB.org), I extend our deepest sympathies to the communities impacted by Mediterranean storm Daniel in Libya. This storm has resulted in a significant loss of life and widespread devastation, most notably in the worst hit city of Derna. Libya is a nation…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Libya: African Development Bank, Government discuss strategy to bolster Food Security

The Bank hosted the meeting to deepen dialogue with the Libyan Government on key priorities, including agriculture

The African Development Bank (www.AfDB.org) has restated its support for the Libyan Government’s agenda to boost food security and build resilience in the North African country. Malinne Blomberg, the Bank’s Deputy Director General for Northern Africa, gave the assurance during a coordination meeting on the Food Security Agenda in Libya. “Food security…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

North Africa Economic Outlook 2020: An unparalleled crisis and a conditional recovery

Socioeconomic stability, social inclusion and human capital development are prerequisites for resilience and emerging from the crisis

In 2020, the region will face an economic contraction forecast between 0.8 and 2.3%; Socioeconomic stability, social inclusion and human capital development are prerequisites for resilience and emerging from the crisis. The tourism and industrial sectors in North Africa are likely to be hardest hit by the COVID-19 pandemic, according…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Libya: African Development Bank grants $0.5 million emergency relief assistance for personal protective equipment (PPE) protection against COVID-19

The Bank’s funding will contribute to supporting the country’s national Response Plan for COVID-19

The Board of Directors of the African Development Bank (www.AfDB.org) have approved a grant of $480,000 to Libya under the Special Relief Fund (SRF) for the procurement of much-needed personal protective equipment (PPE) intended for treatment of cases of infection of the novel Coronavirus. The Bank’s funding will contribute to…