Strategy for Sweden’s Cooperation with the African Development Bank Group 2016–2018 Reference No.: UF2016/01034/UD/MU
This strategy forms the basis of Sweden’s cooperation with the African Development Bank (AfDB) for the period 2016–2018. The strategy will also guide Sweden’s positions in negotiations on the fourteenth replenishment of the African Development Fund (AfDF14), which will be ongoing during most of 2016.
The outcome of the negotiations will be important for how the AfDB contributes to the implementation of the 2030 Agenda for Sustainable Development and its global goals, which were adopted in September 2015. The strategy covers funds as authorised by the Riksdag.
The strategy is guided by the Policy for Global Development (Govt Bill 2002/03:122) with its overarching objective of contributing to equitable and sustainable global development, and the Swedish strategy for multilateral development cooperation. The organisational assessment of the AfDB approved by the Government Offices (Ministry for Foreign Affairs) in 2014 also forms part of the basis for the strategy.
The African Development Bank Group has two main parts: the African Development Bank, primarily for loans on largely commercial terms to middle income countries and to private companies; and the African Development Fund for grants and concessional loans to low income countries.