Highlights of Year 2007 for Bank Group Successful replenishment of ADF-11 for Excellent Quantum leap in UA 5.6bn (US$ 8.9bn), UA 5.6bn (US$ 8.9bn), private sector private sector operational and operational and a 52% increase financial results approvals over ADF-10 Successes in local Implementation of High level panel institutional currency operations recommendations on reforms continues including first strategic orientations g to enhance to enhance supranational bond issue supranational bond issue of the Bank Group development in the domestic South effectiveness African capital markets 1
Table of Contents 1 Bank Group Overview 2 AfDB Financial Profile 3 AfDB Capital Market Activities 4 Appendices 2
Bank Group Overview Bank Group Overview Bank Group Overview Bank Group Overview 3
A development financial institution focused on A development financial institution focused on poverty and the economic and social development of Africa African Development Bank (“AfDB”) Africa Europe Established in 1964 • Algeria Libya Austria Netherlands Subscribed capital US$ 34 billion • Angola Madagascar Belgium Norway Benin Malawi 53 African and 24 non-African countries • Denmark Portugal Botswana Mali Finland Spain Burkina Faso Mauritania France Sweden African Development Fund ( “ADF”) Burundi Mauritius Germany Switzerland Cameroon Cameroon Morocco Morocco Established in 1972 Italy UK • Cape Verde Mozambique Subscription US$ 24 billion • Central African Namibia Rep. Niger Replenished every three years primarily • North & South America Chad Nigeria by non-African countries Comoros Rwanda Canada Argentina Congo g S. Tome & USA USA Brazil Côte d’Ivoire Principe Nigeria Trust Fund (‘’NTF’’) D. R. Congo Senegal Established in 1976 by Nigeria for a 30 • Djibouti Seychelles Middle East year period Egypt Sierra Leone Equatorial Guinea Somalia Total resources US$ 432 million • Eritrea South Africa Kuwait Saudi Arabia Agreement reached with Nigeria to Agreement reached with Nigeria to • • Ethiopia Ethi i S d Sudan Gabon Swaziland extend the life of NTF to 2018 Gambia Tanzania Asia Ghana Togo Guinea Tunisia China India Turkey and Luxembourg have Guinea Bissau Uganda Korea Japan Kenya Kenya Zambia Zambia declared their intent to become declared their intent to become Lesotho Zimbabwe members of the Bank Group Liberia Bank Group Overview Bank Group Overview 4
AfDB approvals increased by 59% in 2007 led by strong growth in private sector operations Approvals (in UA million) pp ( ) Approvals in 2007 by Sector pp y 46 3,000 153 Water Supply 9 Power Supply 8% 7 36% Industry 2,500 258 6% 1,229 1,009 Other 509 2,000 2% 23 1,385 Social 7% 1,500 5% Agriculture & g 992 992 957 957 996 996 Rural Finance 3.40% Development 1,000 1,670 Multisector Transport 4% 29% 500 948 812 793 746 Total Approvals 0 2007 : UA 3.1 bn 2006: UA 2.60 bn 2003 2004 2005 2006 2007 ADB ADF HIPC NTF Special Funds Total Disbursements 2007: UA 1 6 bn 2007: UA 1.6 bn 2006: UA 1 2 bn 2006: UA 1.2 bn Bank Group Overview Bank Group Overview 5
ADB Approved Projects and Programs in 2007 Represents 54% of Bank Group 2007 approvals 29 Operations approved 29 Operations approved in 12 countries In UA million Power supply Power supply 800 700 600 500 Transportation 400 Industry, mining Equity 300 and quarrying q y g participation p p 200 Water Finance supply, 100 sanitation 0 0 Agriculture & Communication Multisector Environment rural development Bank Group Overview Bank Group Overview 6
ADF Approved Loans and Grants in 2007 ADF Approved Loans and Grants in 2007 Represents 40% of Bank Group 2007 approvals 49 Operations approved in 24 countries In UA million Transportation 400 300 300 Power supply 200 Other social 100 Education 0 Agriculture & Agriculture & Water supply Water supply, Multisector Multisector rural sanitation development Bank Group Overview Bank Group Overview 7
2007 Core Operational Focus 2007 Core Operational Focus INFRASTRUCTURE GOVERNANCE PRIVATE SECTOR REGIONAL INTEGRATION INVESTMENTS Bank Group Overview Bank Group Overview 8
2007 Core Operational Focus • Critical for economic growth, private sector development and investment, increased competitiveness • Catalyst for the development of other sectors and the achievement of key MDGs INFRASTRUCTURE INFRASTRUCTURE • Power supply, water & sanitation, transportation and communication accounted for 75% of the 2007 approval • Support efforts to improve the systems of governance by strengthening institutional capacities and help member countries implement policy reforms b t i i l t li f GOVERNANCE • Provide support for the African Peer Review Mechanism through technical and financial assistance • Focus on strengthening transparency and accountability in public resources management • Engine of growth for sustainable economic development PRIVATE SECTOR • Strategic focus: support private enterprises, strengthen financial systems, build competitive INVESTMENTS infrastructure, promote regional integration and trade and improve investment climate • Sevenfold increase in private sector operations from 2004 to 2007 • Increase competitiveness and productivity and allow for economies of scale • Actively promote regional economic communities through cooperation, trade expansion & capacity REGIONAL building INTEGRATION • NEPAD Infrastructure Project Preparation Facility in energy transportation and ICT sectors NEPAD Infrastructure Project Preparation Facility in energy transportation and ICT sectors • Connect Africa Initiative to bridge major gaps in ICT infrastructure across the continent 9
Private sector operations are the engine of growth for Private sector operations are the engine of growth for African economies in the drive to accelerate development Approvals (in UA million) Approvals (in UA million) Sector Distribution (2003-2007) Sector Distribution (2003-2007) Infra - Financial 1,000 structure 1,000 Services 43% 42% 800 800 600 400 249 278 185 166 200 200 0 Agri- Mining 2003 2004 2005 2006 2007 business 14% 1% Promote Support Strengthen Build Improve regional private financial competitive investment integration g enterprises enterprises systems systems infrastructure infrastructure climate climate and trade Bank Group Overview Bank Group Overview 10
The Bank continues to expand the range of its products offering that meet client needs Loan Products Loan Products Loan Products Loan Products Guarantees Guarantees Guarantees Guarantees Local currency lending Local currency lending Local currency lending Local currency lending Menu of currencies: Menu of currencies: Full guarantees Full guarantees Synthetic loans Synthetic loans US Dollar Euro Yen Rand US Dollar Euro Yen Rand US Dollar, Euro, Yen, Rand US Dollar, Euro, Yen, Rand Partial credit guarantee Partial credit guarantee Direct lending in African Direct lending in African Choice of interest rate Choice of interest rate currencies currencies Partial risk guarantee Partial risk guarantee Fixed, floating, variable Fixed, floating, variable Risk Management Products Risk Management Products Other Financial Services Other Financial Services Equity Equity Currency swaps Currency swaps Equity participation Equity participation Loan syndication Interest rate swaps through ordinary stocks, through ordinary stocks, Advisory services Caps and collars on redeemable preferred redeemable preferred interest rate swaps stocks or debentures stocks or debentures Commodity hedges Commodity hedges Bank Group Overview Bank Group Overview 11
The eleventh replenishment of ADF demonstrates donor community’s support to and confidence in the Bank Group ADF Replenishments in UA � Pledges of UA 3.6 billion by donors and UA 2 billion of 3.55 2008 ADF XI internally generated resources internally generated resources 2.49 2005 ADF X Record Record (Advanced Commitment Capacity) 1.91 Resources Resources 2002 ADF IX � Core operational activities: Envelope Envelope 1.76 1999 ADF VIII Infrastructure, governance and of UA 5.6 of UA 5.6 1.33 .33 regional integration regional integration 1996 ADF VII 1996 ADF VII billion for billion for 2.44 1991 ADF VI � ADF-11. ADF-11. Increased support to multinational operations: UA 950 million 1988 ADF V 2.05 1.39 1985 ADF IV � � Enhanced engagement in fragile Enhanced engagement in fragile states : UA 407 million 1.00 1982 ADF III 1979 ADF II 0.61 0.27 1976 ADF I Bank Group Overview Bank Group Overview 12
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