African Development Bank - Political EnvironmentAfDB - Political Environment
The AfBD Group is a cooperative made up of countries in Africa. The African Development Bank's authorized capital is subscribed to by 81 member countries made up of 54 independent African countries (regional members) and 27 non-African countries (non-regional members). The institution’s resources come from ordinary and special resources. Ordinary resources comprise of: The subscribed shares of the authorized capital, a portion of which is subject to call in order to guarantee ADB borrowing obligations; Funds received in repayment of ADB loans; Funds raised through ADB borrowings on international capital markets; Income derived from ADB loans; and other income received by the Bank, e.g. income from other investments.
The Board of Governors is the highest decision-making organ of the Bank, composed of one Governor and one Alternate Governor appointed by each Member Country. Each Governor represents his or her country and exercises a voting power proportionate to the capital subscription of his or her country. Governors and Alternate Governors are generally Ministers of Finance, or Economic Planning, Central Bank Governors, or other high-ranking officials. They serve for a term of five years.
The Board of Directors comprises 20 members who are neither governors nor alternate governors. Thirteen members are elected by the governors of regional countries and seven by the governors of non-regional member countries. Directors are elected for a term of three years renewable once. Each director appoints an alternate, but no alternate, except the United States Alternate, may be of the same nationality as their director.
Board members are responsible for the conduct of the institution’s general operations. In this capacity, they exercise powers provided in the Articles of Agreement or other powers delegated to them by the board of governors from time to time.
Member countries are allocated votes at the time of membership and subsequently for additional subscriptions to capital. The United States is the largest non-regional shareholder holding 6.58% of the vote. Nigeria is the largest regional shareholder holding 8.90% of the vote.
For background information on the political and economic environment of individual AfDB borrowing member countries, please click on the link below to read U.S. Department of State Background Notes, as well as World Bank Group publications like the annual Doing Business reports and Worldwide Governance Indicators (WGI).
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
The Board of Governors is the highest decision-making organ of the Bank, composed of one Governor and one Alternate Governor appointed by each Member Country. Each Governor represents his or her country and exercises a voting power proportionate to the capital subscription of his or her country. Governors and Alternate Governors are generally Ministers of Finance, or Economic Planning, Central Bank Governors, or other high-ranking officials. They serve for a term of five years.
The Board of Directors comprises 20 members who are neither governors nor alternate governors. Thirteen members are elected by the governors of regional countries and seven by the governors of non-regional member countries. Directors are elected for a term of three years renewable once. Each director appoints an alternate, but no alternate, except the United States Alternate, may be of the same nationality as their director.
Board members are responsible for the conduct of the institution’s general operations. In this capacity, they exercise powers provided in the Articles of Agreement or other powers delegated to them by the board of governors from time to time.
Member countries are allocated votes at the time of membership and subsequently for additional subscriptions to capital. The United States is the largest non-regional shareholder holding 6.58% of the vote. Nigeria is the largest regional shareholder holding 8.90% of the vote.
For background information on the political and economic environment of individual AfDB borrowing member countries, please click on the link below to read U.S. Department of State Background Notes, as well as World Bank Group publications like the annual Doing Business reports and Worldwide Governance Indicators (WGI).
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.