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African Development Bank

Volume 477: debated on Thursday 19 June 2008

To ask the Secretary of State for International Development what steps his Department plans to take in conjunction with the African Development Bank to improve the regional infrastructure in the region in partnership with the Infrastructure Consortium for Africa. (211808)

In December 2007, the UK Government’s Department for International Development contributed £417 million to the African Development Fund of the African Development Bank and became its largest donor. Infrastructure financing is predicted to reach more than $5 billion under the African Development Fund 2008-10 and the amount available to be committed to regional projects will increase from 15 per cent. to 17.5 per cent. of total funding.

In 2007, DFID also doubled its funding to the Infrastructure Consortium for Africa Secretariat hosted at the African Development Bank in 2007, including providing a secondee. DFID is also supporting other initiatives to help the Infrastructure Consortium for Africa be effective, helping leverage increased financing from others. DFID committed £6 million to the Infrastructure Project Preparation Facility hosted at the African Development Bank to help get regional infrastructure in Africa ready for financing. The Infrastructure Consortium for Africa is making good progress. Its annual report for 2007, soon to be published, will show that funding by its members increased by 54 per cent. to $11.9 billion in 2007, up from $7.7 billion in 2006.

DFID committed £7 million to the EU-Africa Infrastructure Trust Fund in 2007. DFID nominated the African Development Bank to take up its position on the Project Financiers Group of the EU-Africa Infrastructure Trust Fund. This will help with African ownership and improve co-ordination between EU member states and the African Development Bank.