F. Kruger, A. Msa, P.M.N. M. S. Khan, Chairperson; H. Tuunanen, Vice Chairperson.Mwangala and H. Babaammi

Transcript

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3 ADBADF/BG/AR/203

4 F. Kruger, A. Msa, P.M.N. M. S. Khan, Chairperson; H. Tuunanen, Vice Chairperson.Mwangala and H. Babaammi M. Ncube, Chief Economist and Vice President; S. KayizziMugerwa, Director; A. Salami, B. Barungi, and R. Bangurah, Development Research Department; B. Kokil, Manager; F. Lawson, P. Lartey and L. Kouakou, Statistics.( ) and P. de Castelnau ( ) T. Wasswa,( ) A. Portella,( ) Department; P. Quarcoo O. L. Pinzi, Director; J. Edjangue, Manager; E. Alexander, Manager; A. Rutayisire and B. Lo.( ) Language Services Department; and D. Short,() E. W. Goro ;() A. Odukomaiya, Director; N. Ngwenya, Manager; H. B. Othman and S. Oppong, Financial Control Department Communications and External Relations Department 323, 002. (26) (26) : ISSN Design/Layout and Printing by PhoenixDesignAid ISO 400 certified and EMASapproved 203 ii

5 ii v vi vii viii ix x iii 203

6 iv

7 ,98 65,2 4,96 60,25 2,86 4,39 37,83 2,27 3,2 253,4 * 932, ,0 222,3 099,5 9253,4 57,62,05 2,6449,2 2,0428,7 9,4334,8 8,228,0 0,39, * ,663, * v 203

8 (26) (26) vi

9 Mr. Ms. Mulu KETSELAMr. Amadou KONE Mr. Donald KABERUKA Mr. Shehu YAHAYA Moegamat Shahid KHAN Ms. Petronella MWANGALA Mr. Francois KRUGER Mr. Abdelmajid MELLOUKI Mr. Hau Sing TSE Mr. Dominic O NEILLMr. Heikki TUUNANEN Second Mr. Aliou Momodou NGUM Ms. Elizabeth MORRIS Mr. Leonard SENTOREMr. Christoph KOHLMEYER Mr. Tomoya ASANO vii 203

10 2033 Henrique PISSAIA de SOUZA (Brazil) Alfredo Paulo MENDES (GuineaBissau) M. M. OULD HAMMA KHATTAR (Mauritania) Elisabeth H. MORRIS (U.S.A.) Vacant Motena Ernestine TSOLO (Lesotho) Vacant Bernardo ABAGA NDONG MAYIE (Equatorial Guinea) Gauthier BOURLARD (Belgium) Heinrich Mihe GAOMAB II (Namibia) Vacant Ousman Sougui ABAKAR (Chad) Cornelius Karlens DEKOP (Botswana) Miata BEYSOLOW (Liberia) Vacant Vacant Jangro LEE (Republic of Korea) Gabriel SAMUELSSON (Sweden) Maria da Neves C. B. de SOUSA (São Tomé & Príncipe) Ali MOHAMED ALI (Djibouti) Abdulrahman ABUBAKR (Saudi Arabia) Elizabeth H. MORRIS (U.S.A.) Vacant Vacant Gauthier BOURLARD (Belgium) Vacant Cornelius Karlens DEKOP (Botswana) Miata BEYSOLOW (Liberia) Vacant Vacant Jangro LEE (Republic of Korea) Gabriel SAMUELSSON (Sweden) Maria da Neves C. B. de SOUSA (São Tomé & Príncipe) Ali MOHAMED ALI (Djibouti) Tomoya ASANO (Japan) Hadji BABAAMMI (Algeria) AbdulMagid GADAD (Libya) Vacant (U.S.A.) Mulu KETSELA (Ethiopia) Moegamat Shahid KHAN (South Africa) Christoph KOHLMEYER (Germany) Amadou KONE (Côte d Ivoire) François KRUGER (France) Mahomed R.J. MAHOMED (Mozambique) Abdelmajid MELLOUKI (Morocco) Abdallah MSA (Comoros) Petronella M. N. MWANGALA (Zambia) Alieu Momodou NGUM (The Gambia) Dominic O NEILL (U.K.) Leonard SENTORE (Burundi) Hau Sing TSE (Canada) Heikki TUUNANEN (Finland) Shehu YAHAYA (Nigeria) Mohamed Samy S. ZAGHLOUL (Egypt) Tomoya ASANO (Japan) Vacant (U.S.A.) Mulu KETSELA (ADB) Christoph KOHLMEYER (Germany) François KRUGER (France) Abdelmajid MELLOUKI (ADB) Petronella M. N. MWANGALA (ADB) Alieu Momodou NGUM (ADB) Dominic O NEILL (U.K.) Leonard SENTORE (ADB) Hau Sing TSE (Canada) Heikki TUUNANEN (Finland) Shehu YAHAYA (ADB) Mohamed Samy S. ZAGHLOUL (ADB) 203 viii

11 AAA , ix 203

12 , ,82022, ,7 2044, ,5 2023, ,7 6 2,9 2033, ( ) 204 ( ) 205 ( ) x

13 4, ,27, ()205 (3)(2) (4) * * 2.6% 8.% 0.3% 2.0% 9.4% % % 6.0% % xi 203

14 37 / 203 Africa 50 39,4, ,5 22,9,3 Africa , , ,5 0, ,6 2,05,832,2 98,4 569, ,9 28,2 44, ,8 8, , ,5 5,8 203 xii

15 Africa AAA+AA 4, ,25 xiii ,

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17 , , , , , , * , , , , , , , , , , , , , xv

18 % 57.4% 42.% 7,000 6,000 5,000 4,000 3,000 2,000, (%) xvi

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24 % 7% 5% 4.9% 3% 2.9% % % * CAEMC WAEMU CFA

25 4. % 3. % ( ) ( ) ( ) % % %

26 4 6. () : (2) 9(3) ( ) 204 ( )

27 /202 % 0 % 0 3 %

28 % Source: AfDB Statistics Department. Notes: e) estimates; (p) projections 3.% 6.2% 4.0% 6.0% %

29

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39 () (2) (3)

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44 G20 G / sectors/initiativespartnerships/tradefinanceprogram

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52 , , , , , , , , , * *

53 ,62,0 3,383, , ,53 83,738, , ,03 3,37 4, % 20.9% 20.9% 42.3% , , 55203,

54 ,924, %.5% 2.9% 29.2% 2.8% 23.8% % 20.0% 34.7% % 5.2% 20.4% 72,2 7.4 IV 36

55 , , ,602.9 * * * * * * * * ** * * * * * * * ** * 3,6 79,5 6, ,6 597,3 80,224 98, % 24.8% 7.3% 6.4% 27.8% 6.8%

56 203 25,5 9,9) ,9 2,05 94,8 758, , 35, ,7 2036,4 89,6 8, ,2 6,3 62,6 () (2) , ,

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58 ,5 %33% % 4 206% 50 5, % 0, , , % % ,49 3,

59 356, , ,2,32 37,8202 5,8 40,5 7,

60 0.3% 9.% 40.5% % 0.2%.% 2.3% 32.4% , , ,5 4 Eco Bank Transnational 64,9 Shelter Afrique Habitat and Housing 3 3,3 UT Bank 22,9 98,3 203,3 665, Olam Group Africa program 53, , () (3) (2) ( ) 42

61 % 20.6% % 53,624 5, % 0.% % 22.9% () 203 (2) 65.5%

62 Africa ,7 93, Africa 50 Africa 50 0 Africa A Africa Africa

63 0,9 530, , , ,4 ( ,2 337,9 3, 4, () (2) (4)(3) (5)

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69 (2) () (3) Africa 50 CIMM (2) () (3)

70 () (2) (3) ,5203 0,7 365.(203 52

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72

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75 (203) (202) (203) () 203 (2) matters VALUATION 203 () 206 (2) 2.5 9,6 29, (202)

76 ,

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78 , 67827, , ()2007 (3)(2) (4) 7,

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80 % 0.0% % % 0.0% % % % % % % % % % % 0.0% % 0.% % 0.% % % % % % % ,348 00% % 5.2% 29.% 32.% 29.6% 6.7% 8.2% 27.4% 65.% 44.% 38.5%

81

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83 203 () (2) (3) AAA CitibankNA commer Bank p Africa

84 (7) 203 () (2) (8) 203 Maamla Coggicnies (9) (0) (4) (5) (6) 66

85 () (2)

86 Africa 50 () 3 (2)

87

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90 20426 (KPMG) , Avenue du Ghana, Angle des Rues Pierre de Courbertin et Hédi Nouira BP Tunis Belvédère Tunisia Tel: (26) Fax: (26) afdb@afdb.com Internet:

91 KPMG Audit, cours Valmy Paris La Défense Cedex France Téléphone : +33 (0) Télécopie : +33 (0) Site internet : (COSO) (ISAE) ()

92 African Development Bank Group Independent Auditor s Report to the Board of Governors of the African Development Bank Group regarding the effectiveness of internal controls over external financial reporting (2) (3) Valéry Foussé

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97 3 5 () (3) (2) (5)(4) (6)

98 203 () (3) (2) (5) (4) (6)

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102 2,000,500,

103

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105 ,804,642,268 2,083,072,246,4 432,34 83,773 52,596 97,852 2,75,956,02,844 3,278,800 2,947,444 2,27,96 89,528 2,839,475 (66,825) 2,672,650 3,47,084 (72,654) 2,974,430 2,667,435 5,340,085 5,83,3 2,856,88 2,24,553 20,996,

106 ,02 35,64 3,242 99,345 3,949 4, , ,336 (302,992) (356.40),850 39,56 34,08 (0,72) (4,796) (,698) (22,886) (2,339) (8,249) (7,349) 758 (49) 9, ,334 (2,266) 2,456 5, , ,785 (0,969) (07,546) (6,697) (4,586) (4,982) (,940) (22,648) (4,072) 80,329 95,73 (07,500) (0,000) 72,829 85,

107 202 85,73 55,299 79,984 (89,742) 45,54 45,54 3, ,829 24,629 46,083 45,905 6,67 6,67 89,

108 ,505,975 (60,633) 2,803,296 (66,403) (37,203) (63,509) 4,88,523 88,68 88,68 9 (2,905) (2,905) 85,73 85,73 55,299 55,299 79,984 79,984 (92,647) (92,647) 9 2,905 2,905 2,905 (92,647) 55,299 79,984 45,54 333, ,500 (6,92) (6,92) ,839,475 (66,825) 2,89,94 (259,050) 8,096 6,475 5,340,085 72,829 72,829 24,629 24,629 46,083 46,083 45,905 45,905 45,905 24,629 46,083 6,67 307, ,609 (5,829) (5,829) ,47,084 (72,654) 2,964,743 (23,45) 42,725 62,558 5,83,

109 ,829 85,73 6,697 4,586 4,35 29,687 23,294 (0,680) (4,670) (8,709) (9,9) (288) (758) 49 26,277 6,488 (65,995) 0,72 (3,334) 2, ,94 52,96 (,683) (6,887) (8,463) 5,55 (8,80) 62,335 (740,639) 322,876 (,430,78) (2,208,70) 767, ,45 3 (209,494) 342, ,855 88,689 (6,952) (22,387) 5 76 (85,875) (77, 083) 9,252 8,695 (555,962) (,324,752) 4,892,935 4,5,028 (4,050,75) (3,648,034) 30, ,378,44,540 83,372 7,738 (,236) (44,323) (7,740),4,843,583,583,267,520,4, , , ,33 88,453,267,520,4,843. (99,605) (207,908) 499,00 535,790 4,394 4, ,84 23,55 (852,269) (96,07) 803,065 8,

110

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112 ( (2 ( 9 (i)

113 (ii) (iii)

114 (2)

115

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118 () (3) (2)

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124 8 (2) () (3)

125 ,453 3,80 2,898,638 3,597,839,558,333, ,06 540,002,04,32 488,467 76, ,33 3,80 3,0,539 2,974,92 985,959, , ,950,585, ,656 82,90 (

126 ,072,03 25, , ,252, ,946,866, , , , ,87 552, ,777, ,355,0, ,44 53,959 64, ,650 94, ,808 32, () 4 52,083 52, ,555 6,494 20, ,264 4, ,403 6,28 4, ,977 7,97 7, ,894 2, ,470 5, ,589,506 52,352,068, ,585,65,53,636 2,432, ,343 94, , ,976 84,594 26, ,44 94,805 04, ,886 20, ,887,488 3,850,666 9,036, ,947, , ,466 2,549, ,835, ,072 4,490,32,585, () (3) (2) ()

127 (4) + A + A A A2 A A3 2+ BBB+ Baa 2 BBB Baa2 2 BBB Baa3 3+ BB+ Ba 3 BB Ba2 3 BB Ba3 4+ B+ B 4 B B B B3 5 5 CCC+ Caa 6+ 6 CCC Caa2 6 7 CCC Caa3 8 9 CC Ca 0 C C 3 2, , % 24% 2% 9% % % 5% % 0% % 20 70% 5% % 3% % % 2% 5% 3% 4% % 33% 6% 3% 4% % 33% 6% 6% 8%

128 30 % (2 22 (3) (2) () (2) () (4)(3) () : LEMAC (4) (3) (2) (6) (5) 203 0

129 3, , % 7% 3% 4% 2% % 9% 36% 9% 3% 20 36% 20% 35% 5% 4% % 20% 30% 24% 2% % 8% 28% 24% 3% % 6% 4% 28% 2% ,96 52, ,

130 520 00() (2) (3 A2/P2/F2 A/A AAA/Aaa AA/Aa3 A/A2 AAA/Aaa AA/Aa3 A/A2 AAA/Aaa AA/Aa3 A/A2 AAA/Aaa AA/Aa3 A/A2 AAA ABS/MBS50 ABS/MBS 40 ABS/MBS MBS/ABS AA/Aa3 ISDA AA/Aa3 A/A

131 * ** AAA AA+ AA A , % 90% 0% 202 5,209, % 54% 46% 20 5,393, % 68% 32% 200 4,504, % 80% 20% , % 45% 42% * ** (0) 544 (408) (0) 544 (408) (290) (290)

132 AAA A + 5% 7% 9% 7% 0% 20% AA+ AA 44% 3% 33% 24% 25% 2% AAA 5% 62% 58% 69% 65% 59% ,4 (2) () (4) (3) 203 4

133 ,939 32,036 (5,879) 225,64 37,294 25,705 (75,90) 3,465 2,27,96 3,836,576 2,705,544,004,655 2,95,874,394,405 2,57,35 3,298,783 2,48,855 4,57,62 2,699,665,230,296 2,953,68,420,0 2,442,25 3,42,248,246,4,246,4,246,4 89,528,260,62 89, ,80 52,024 44,045 80, ,980 2,065,642 2,506,726,335, ,80 52,024 44,045 80, ,980 4,24,497 6,664,338 4,035,557,594,476 3,005,92,464,55 2,522,730 4,042,228 20,939 32,036 (5,879) 225,64 37,294 25,705 (75,90) 3,465,246,4,246,4,246,4 2,947,444 5,097,88 2,795,322,368,835 2,967,898,438,450 2,597,920 3,928, (993,780) (,033,780) 45,26 (239,959) (306,862) (5,96) 9,694 (499,88) 2,75,956 3,265,739 3,337,86 2,69,485,00,629 2,540,07,243,953 2,972,749,82,76 2,23,959 3,382,942,929, ,767 2,488,46,263,647 2,472,93 2,083,072 2,083,072 2,083,072,02,844,603,08 406,258 77,260 32,898 43,79 43,79 70,64 3,85,96 3,686,090 2,489,330 77,260 32,898 43,79 43,79 70,64 4,368,092 5,98,049 5,872,272 2,006,786,06,665 2,53,865,307,366 3,83,095 (993,780) (,033,780) 45,26 (239,959) (306,862) (5,96) 9,694 (499,88) 2,083,072 2,083,072 2,083,072 3,278,800 4,868,757 3,744,074 2,246,745,323,527 2,583,826,287,672 3,682,

134

135 ,46 3,444 8, ,79 954,33 954,33 3,80 3,80 3,80,085,492,836,259 4,700 27,470 46,037 3,009,958 3,009,958,0,603,254,94 69, ,769 3,0,539 3,0,539,204,204,204 26,282 34,457 38,384 42,990 29, ,392 (4,537) 843,855 5,402,723 4,749,26 284,405 2,399,034,446,473,89,473,89 66, ,54 42, ,95 62, ,03 20,998 6,903 82,90 82,90 4,25 4,25 7,956,943 8,560, , ,065 2,274,636 9,957,032 88,776 20,045,808 39,45 35,487 (90,24) (668) (,057,28) (973,288) (272,826) (,246,4) (53,696) (7,909,73) (,007,96) (3,976,056) (2,947,444) (2,947,444) (6,02,085) 2,03,779,070,38 2,87,229 (20,939) (20,939) (5,926,636) (5,770,465) (27,947) (668) (2,25,955) (3,94,67) (272,826) (4,24,497) ,030,307 2,790,46 379,55 756,397 58,68 6,05,36 (84,050) 5,83, ,974,92 35,659 (63) 3,009, ,300 (97,239) (20,939) 7 203

136 ,972 90, ,254 4,87 275,637 88,453 88,453 3,80 3,80 3,80,59,95,74,32,72 89,46 42,44 3,649,796 3,649, ,404,368,458 20, ,756 2,889,673 2,889,673,690, ,974 77, ,450 42,39 4, ,77 73,935 30, ,668 4,704,54 4,669, ,905 2,354,220,26 0,972,658 0,972,658 46,82 285,949 43, ,727 6, ,555 76,537 76,537 76,537 3,062 3,062 7,553,29 8,423,29 885,37 683,083 2,039,360 9,584,270 23,907 9,708,77 (,090,479) 35,02 (7,042) (3,83) (684,924) (,789,56) (293,96) (2,083,072) (7,236,808) (,540,755) (4,50,237) (3,278,800) (3,278,800) (4,657,00),065,808,250,560 3,334,52 993, ,780 (5,747,579) (6,035,898) (407,237) (3,83) (,85,649) (4,074,76) (293,96) (4,368,092) 3 202,805,640 2,387, ,080 65,270 87,7 5,50,094 (70,009) 5,340, ,597,839 55,383 (3,426) 3,649,796,502,950 (509,70) 993,

137 %0 2, , (.27) 5, (2.28) 4bps 2, , (.27) 5, bps 2, , (.27) 5, bp %0 2, , (.40) 5, (0.3) 0bp %0 2, , (.27) 5, bps 2, , (.27) 5, (.75) 3bps 2, , (.27) 5,785.9 (0.4) 0bp %0 2, , (.6) 5, bp 2, , (0.52) 5,

138 2023 %0 2, , , bps 2,38.68, ,463.2 (0.63) bp 2,324.5, , (.42) 3bps %0 2,345.75, , bp %0 2,425.74, , (.53) 3bps 2, , , bp 2, , , bps %0 2,345.75, , (0.68) bp 2,299.56, , () (2)

139 ,33 954,33 3,80 3,80 3,350,89 460,040 32,30 340,640 45,430,99,600 5,658 6,20, ,204,050,80 (206,325) 843,855 8,549,47 253,59 308,96 269, ,029,930,65 (,42),585,840 32,494 32,494 (45,45) (45,45) 525,03 525,03 20,998 6,903 82,90 4,25 4,25 3,929,857 74,082 62,33 60, ,508 3,9,690 25,768 20,045,808 (,246,4) (,246,4) (2,738,08) (5,98) (234,00) (235) (235) (54,085) 64,99 (2,968,383) (32,286) 04,544 97,067 9,558 9,7 (4,296,508) 98,626 (36,934) 9,323 (235) (34,968) 64,99 (4,24,497) 3 *203 (366,65) 82, ,397 70, ,273 3,056,722 45,967 5,83,3 * 6,085,45 35,659 (63) 6,20,497 2,947,444 (950,300) 97,239 2,968,

140 ,453 88,453 3,80 3,80 4,7,58 32,470 48, ,30 33,80 992,550 (33,879) 6,539, , ,472 (97,804) 762,668 8,323,002 23, , ,83 233,495,722,438,04,32 86,854 86,854 (28,508) (28,508) 438, ,555 76,537 76,537 3,062 3,062 4,340, , , , ,373 2,79,596 96,280 9,708,77 (2,083,072) (2,083,072) (,672,232) (202,05) (24) (245,29) (24) (74,834) 9,762 (2,285,020) (444,639) 50,00 03,54 03,309 95,974 9,742 (4,99,943) (5,95) 03,273 (4,90) 95,733 (83,092) 9,762 (4,368,092) 3 *202 40,7 40, ,2 43,56 66,06 2,708, ,042 5,340,085 * 6,487,52 55,383 (3,426) 6,539,469 3,278,800 (,502,950) 509,70 2,285,

141 (2) 25 ()

142 5,67 5, / / (9,5) (9,5),706,229 (49,795) 66,45 49,428 (77,8) , ,7 COSO

143 () (3) (2) ,33 954,33 954,33 3,80 3,80 3,80 2,974,92 3,0,539 6,085,45 6,27, , , ,959,204,204, , , ,855 6,466,424,229,440,695,55, ,03 525,03 525,03 82,90 82,90 82,90 3,977, ,03 6,420,662 20,923,02 20,770,608,246,4,246,4,246,4 97,852 97,852 97,852 2,27,96 89,528 2,947,444 3,073,058 97,852 2,27,96 2,065,642 5,65,40 5,29,

144 ,453 88,453 88,453 3,80 3,80 3,80 3,597,839 2,889,673 6,487,52 6,75,879,558,333,558,333,558,333,974,974, , , ,668 6,707 0,869,097 0,885,804,05, , , ,555 76,537 76,537 76,537 5,72, ,555 5,485,203 2,096,637 2,58,22 2,083,072 2,083,072 2,083,072 52,596 52,596 52,596 2,75,956,02,844 3,278,800 3,482,35 52,596 2,75,956 3,85,96 5,874,468 6,077, ,70,782 2,58,492,085,275,33,023 78,855 26,324 2,974,92 3,597,839 3,790 3,45 976,322,533,96 5,847 2, ,959,558,333 6,466 6,707 6,466 6,707 2,597 6,473 52,46 432, ,03 438,555,727,69 2,68,380 2,078,063 2,863, ,8 579,408 4,502,350 5,6,434 (97,82) (509,975) (54,040) (2,62) (97,852) (52,596) (6,449,233) (4,928,074) (5,435,277) (7,022,769) (243,405) (225,4) (2,27,96) (2,75,956) (6,449,233) (4,928,074) (6,353,089) (7,532,744) (297,445) (227,735) (3,099,768) (2,688,552)

145

146 , ,073 75,36 (34,990) (260,839) (4,646) 5,592 (7,808) 52, ,894 68,388 (4,089) (326) 30, ,48 (2,74) (,390) 22,582 (33,688) 33, , ,082 2,002 (2,62) (225,4) , ,082 2,002 (2,62) (225,4) (3,950) 3,802 (0,99) (2,643) 24,629 67,03 66,623 (8,37) (37,520) (37,449) (532) (0,98) (8,65) (4,969) 3,800 (,989), ,855 52,46 5,847 (54,040) (243,406) ,907,454 6,054 74,466 3,242,974,39,390,39,390 2,907,454 6,054,33,856 4,382,364 (865,69) (80,609) (946,300) (865,69) (80,609) (946,300)

147 3 3 FX

148 % /00bps 203 +/00bps ,293 (37,95) ,258 22,93 (6,872) (0,300) 29, ,07 52,706 (2,677) (22,504) 46,

149 5 AA AAA30 5 6AAA AAA AA5 AA A/A ,597,839 2,898,638 (8,965) 6,487, ,974,92 3,0,539 6,085,

150 : ,355.70, , , , ,584.76, ,668.92, ,966, % 0,79, ,3 (%.89 :202) , , , , ,60.30, , , , , ,377.42,

151 2,932,52 :202 3,04, , , , ,0.54 2, , ,84 824,365,237,05 378,98 79,625 50, ,508,83 24,49 96,008 2,337 28, ,300 97,239,502, ,70 3, ,370 3,426 32,643 5,03 35, ,383 3, ,959 97,852,558,333 52,

152 ,875,479 8,980,284 4,320,644 4,297,87,706,74,284,002,00 3,532 5,93,397 4,575,005 05, , ,26 444, ,39 647,28 6,485,536 5,222, , , ,44, ,

153 (5) (5) 2 B/BG/87/ 50(5)50 () 5 (5) (2) B/BG/200/08 (2) (8) ,044 (,070), ,974 (770),

154 20 (5) ,997,605 6,707,04,32 (28,508) 0,885, ,569,374 6,466,585,840 (45,45),440,

155 ,07,483 8,759,406 8,79,735 8,278,62 2,252,7 2,74,023 2,568,99 2,562, , ,96 248,95 248,07,569,374,39,390 0,997,605,089,25 6,466 6,466 6,707 6,707,585,840,55,856,04,32, (45,45) (28,508),440,695,55,856 0,885,804,05, , , , , , , , ,585.84,

156 % % , , , , , , ,65.8, , , , , ,47 : % % 5, , , , , , , ,

157 , ,06 (206,325) (97,804) 3 88,374 95,22 30,92 :202330, ,3 :202260, ,347 30,96 (45,45) (28,508) 85,202 82, ,27 278,687 (206,325) (97,804) 80,946 80, ,508 8,024 22,886 2,339 (4,728) (798) (,52) (,057) 3 45,45 28, , ,32 34, ,

158 ,888 7,349 (,478) (2,955) 97, ,804 8,249 (5,7) (4,557) 206, , , ,98 5,5 :202 3, ,29 : ,27 :20273, ,9 : ,69 : , ,58 :

159 /2009B/BG/

160 ,74,74 (49,92) (49,466) (489) (397) 758 (49) 62,098 6, ,740 25,7 2, ,248 6, , ,090,38 4, ,325 27,403 0,942 * ,048, ,758 9, ,320 3,359 3,73 59,075 06,656 78, ,597 6,473 2,597 6, , , ,086 2, ,265 5, ,740 (AFricaRe) ,356 3, ,7 9,407 5,23 4,252 59,075 77,73 3, ,779 20,335 3, ,56 5,737 3,26 200,469 8,09 9,320 LLC 200 4,792 9,362 5, ,922 3,072 2,486 LLC ,7,65 PCC 2008,044 7,654 4, ,300 3,054, ,855 0,73 LLC ,790 7,92 6, ,673,895 3,767 LLC 200 6,254 2,646, ,092 2, , ,65 23,740 24, ,894 27,656 2,879 LLP 202 9,98, ,953 2, ,046 9,942 9, ,524 4,850 4, ,267 5,954 9, ,733, ,03 7,206 6,609 PCC ,490 6,243 PCC ,999 9,808 3, , , ,328 23,907 7, ,246 7, ,444 3, ,274,78,3 76, ,84 245,67 235, ,95 376, , ,03 438, :

161 4,29 : , ,54 :20282, ,86 6,952 (53) 43,760 20, ,798 06,026 5,989 (53) 2,962 58,70 3,67 (53) 6,284 3,282,032 4,34 22, ,856,34,687 23, ,440 6,697 (49) 03,088 40,672 9, ,589,209 76,55 6,033 (49) 82,499 39,463 44,528 4,829 (49) 49,308,976 0,094,02,96 3,8 2, , ,

162 04,8 22,387 (337) 26,86 20, ,835 84,708 2,655 (337) 06,026 48,86 (439) 0,072 (279) 58,70,098 2,242 (58) 3,282 24,34 (,56) 22,753 2,000 9,34, ,82 4,586 (328) 96,440 30,42 9, , ,688 4,55 (328) 76,55 29,5 4,67 3,82 (27) 44,528 3,642 9, (57) 0,094 3,88 2, , , ,75.96, , , , ,80 :202462, , A

163 % % % (2.33) , (277.45) (456.3) (403.92) , , (3,323.62) (3,32.46) , , (,454.64) (370.2) , (3,635.3) (638.06) (32.06) , , (7,427.39) (3,950.52) , , , (2,488.07) (370.2) , (206.92) (.6) , (.06) (64.8) (27.94) 2, (29.00) AUD, CHF, NZD, TRY, ZAR

164 2023 % % % , (265.90) (679.57) (534.5) (68.4) , (2,79.9) (2,92.64) , , (,279.63) (38.82) , (3,82.5) (964.78) (228.84) ,909.4, (6,670.9) (3,877.42) , , , (2,308.88) (387.23) ,75.96, (823.35) (250.7) (.87) ,75.96, (20.9) (0.63) (838.72) (c) (25.70) (c) 2,75.96, (858.9) (252.33) AUD, CHF, NZD, TRY, ZAR 2033 ( 2, , , ,77.98,286.24, , , , ,483.36, ,

165 ( (.6) (.6) ( 2, , , , , ,490.0,85.55, , ,544.93, ,75.96 ( , ,04.7 (.87) (.87), , , ,96 :202 2,262,95 :2022,499,

166 , , , , ,04 :2026, ,87, ,000 0 (94%)(6%) ,9 0,8 B/BG/2009/05 B/BG/2008/07 22,20 2, ,9,

167 , /202/B/BG 60/40 44,588 66,88, ,975,050 66,975,050 (,764,99) (,760,009) 65,20,3 65,25,04 (60,247,795) (60,252,358) 4,962,336 4,962,683 (,85,390) (2,23,360) ,47,305 2,839,728 (22) (253) 3 3,47,084 2,839,475 38,832033,764, (6)

168 2033 % % 00, , ,940 0, , ,506 7,522 2, , ,98 703,42 74, , ,79 632,845 69, , , ,047 32, , ,085 7,533 2, , , ,345 27, , ,03 42,626 5, , ,380 45,250 5, , ,27 466,27 49, , ,006 95,7 0, , ,32 844,260 89, , , ,758 76, , ,560 92,43 0, , ,745 2,556, , ,826, , ,50 26,822 3, , ,496 65,25 65, , ,558 2,949, , , ,57 0,68, , ,593 46,00 5, , ,94 80,303 9, , , ,945 80, , ,,243,748 3, , ,62 4,054 4, , ,75 638,24 67, , ,230 64,280 7, , , ,907 24, , ,685 46,08 6, , ,640 6,499 2, , ,427 6,986 2, , ,329,377,32 44, , ,45 244,96 26, , ,350 96,057 0, , ,600 2, , ,64 660,28 69, , ,482 2,233, , , , ,050 29, , , ,250 9, , ,557 6,637 2, , ,463 2,45, , , ,96 32,760 4, , , ,88 28, , ,387 68,420 8, , ,98 392,20 4, , ,78 3,263, , , ,69 2,08, , , ,067 32,96 4, , , ,230 42, , ,393 38,58 40, , , ,800 22, , ,04 52,363 6, , ,979 5,635, , ,806, ,857,224 36,2,06 3,839,

169 % % 3,806, ,857,224 36,2,06 3,839, , ,08 52,364 6, , , ,440 69, , ,750 2,499,40 262, , ,504,467,850 55, , ,65 269,696 28, , ,895 45,750 5, , ,85 389,80 4, , ,720 7, , ,79 70,740 76, , ,84 936,640 99, , ,33 888,950 94, , ,34 677,550 7, , ,654 2,276, , , , ,30 3, * 243, ,930 2,276, , * 28, ,08 270,660 29, , ,720 87,350 0, , ,490 7,440 2, , ,23,09,220 07, , ,578 70,740 74, , ,08 270,660 29, , ,068 35,500 4, , , ,970 55, , ,856 3,998,59 49, , ,520 3,329,80 350, ,532, ,289,860 24,036,689 2,548, ,339, ,47,084 60,247,795 6,387, * % 40 % 60,20635 =() ,825 60,633 5,829 6, ,654 66,

170 ,803,296 85,73 2, ,89,94 72, ,964,743 0 :20207, ,292 (2,000) (5,000) , ,50 (0,000) , ,000 35,000 62,500 68,000 2,000 0,000 5,000 07,500 0,

171 ,533 36,762 22,832 22,784 9,37, ,02 35, , ,385 (7,220) (8,535) (23,294) 2,495 3,242 99,345 :20202, ,7332,53 2, , ,382 (5,60) (,972) 302, , ,98 :2020,

172 , ,324 (272,620) (34,480) (,850) (39,56) ,824 (30,454) (2,76) 20,282 34,08 (0,72) 46, , ,28 :2022, ,9 7, ,29 223, 76,02 70,24 337, ,352 (225,874) (85,270) (397) (536) 0,969 07,546 7,75 :2020,

173 202 8,390 3,34 2, ,55 8,048 6, , , ,

174 20027 F/BD/2002/8 B/BD/2002/ ,0 0, (9.35) (8.76) (2.33) (2.2) (5.36) (6.83) ,29 :202 96, ,33 :20330,

175 (2.99) (.38) (2.36) (3.07) (23.35) 72.6 (6.59) (2.99) (.38) (2.36) (3.07) (96.30) (07.29) (30.80) (33.00) ,6 46,53 96,64 :202 62,4 : (550.3) (523.3) (4.0) (338.25) (304.68) (96.30) (07.29) (46.07) 7.5 (2.43) (26.37) (33.05) (48.95) (4.48) (47.40) (40.24) (63.59) (90.98) (35.84) (28.38) (66.6) (96.64) (39.93) (77.32) (75.78)

176 (6.60) (58.85) (0.5) (74.22) (67.08) (30.79) (33.00) (88.0) (55.55) (5.4) (2.89) (2.8) (.90) (.22) (0.43) (43.64) (60.23) (24.59) (46.53) (62.4) (26.49) 0.83 (0.3) AAA ,

177 % % ,69 4,2 (4,498) (3,029) 40,874 43,79 (3,607) (32,994) % % ,2 7,872 (8,74) (9,775) 79,735 80,88 (94,29) (96,592) ,52 77,80 66,255 35,502 68,362 63,393 36, ,769 43, , ,

178 24 53 (20) :20235 : ,78 :

179 ,203 8,973 8,30 7,205 4,075 3,798 32,588 29, ,7 :206,7 : , ,325 5,749 8,795 57,62 74, , ,546 9,646,68 335,02 35,64 3,242 99,345 3,949 4,827 2,456 5, , , ,57 6,07 :

180 ,640 4,292 95,92 68,806, ,722 4,99 0,92 4,254 36,67 2,976 9,549 08,290 60,559 5,23 0,66 05,477 23,663 9, , ,299 4,90 05,92 72,454 3, ,308 4,764 9,92 0,85 34,57 22,537 4,302 96,856 72,063 4,83 6,736 06,97 25,702 4,86 35,

181 UA = SDR = , , , , , , , , ,625.62, *

182 2 ( (2 B/ BG/2004/ B/BG/2005/ B/BG/2007/ (

183 (MDRI) ( ,

184 3 (8) ( , , , , ,586 28,586 53,423 52,060 (6,237) (6,025) 65,772 64,62 3,656 4,905 07,097 2,664,286, ,607 50,840 67,698 78,997 (,926) (4,376) 65,772 64, (

185 ,464 4,762 (74,028) 3, ,277 3, ,462 4,78 (80,076) 7,05,780 5,324 7,05 3,2 :2032, ( ( , , ,45 3,45 :202 (3 (XX) 33 AHG/Res

186 (29) (30) (25) (25) ,768 20,80 5,55 5,558 26,39 26,368 (23,370) (23,092) 2,949 3,276, ,877 2,53 2,949 3,276 3,895 4,

187 ,757 66,909 9,25 9,859 2,89, ,739 2,502,33,439,442,355 4, ,520 2,27 70,25 64,530 8,96 8,596 6,389 3,525,0,233 22,596,490 4,933 2,596,946 2,364 3,835,869, ,57 5,425 3,058 3,683 23,803 27,86,406 2,39 (FAPA) 20,656 2,545 6,64 4,275, ,67 4,588 4,397,236,45 32,62 7,224,352, , ,780 65, ,433,986 4,438 2,234 8,533 3,740 28,842 29, ,972 6,05,406 3, , ,870 78, , ,

188

189 African Development Bank Independent Auditor s Report to the Board of Governors of the African Development Bank Valéry Foussé 7 203

190 204 25,39 96,244 30,369,059 29,39 3, ,392 9,740 7,663 8,675,956, ,240 89, ,757 0, ,477 * (248,006) 37,47 *

191 8 4, ,67 0,75 0, , ,203 2, , , ,35 0,

192 203 2,054.48, , ,659.5, , ,475.74, , ,36.00, , ,798.54, , * + * + * ,225, , ,2 968, , ,54 202, ,2 8, ,07 4,68 37 () (2) 3,24 3 3, ,33202,94 87,96 3,470 3,252, ,500,000 56, , ,

193 77, , ,87 2,07 3, (3)3 202,7, , , ,6 52,57 85,27 40, , , , , ,

194

195

196 ,394 06,08,004,275,95,002 2,067,836 2,6,268 3,072, 3,3,270 2,389,924 2,373,46 56,0 48,87 30,024 8,563 86,035 67,434 (,68) (07,506) 5,60,846 5,750,677 22,766,462 22,439,309 (,503) (39,05) 22,764,959 22,400,204 (34,33) (,354,425) 22,423,826 2,045,779 (7,08) (7,08) 22,46,808 2,038,76 667, ,523 23,084,047 2,622,284 (27,726) (28,855) 22,956,32 2,493,429 (279,30) (273,923) 22,677,020 2,29, , ,270 (3,95) (8,390) (285,959) (305,44) 22,769,06 2,330,945 (4,00,75) (3,358,986) (84,000) (84,000) (4,799,44) (4,823,297) (8,82,644) (7,23,985) 5,60,846 5,750,

197 ,054 47,57 9,524 8,52 67,334 87, (225,874) (85,270) (38,937) (3,87) (84) (305) (3,62) (,390) (23,525) (64,64),378,047,06,042 83,76 87,99 84,690 35,000 (5,378) 8,470,29 0,668 9,482 (3,876),56,686,244,223 (642,89) (40,937) (,060,09) (767,664) 56,770 55,058 43,406 5,040 36,694 (,586,992) (,077,849) (48,83) 0,760 5,750,677 5,648,97 5,60,846 5,750,

198 202 (64,64) (3,876) (78,490) 203 (23,525) 9,482 (04,043)

199 (23,525) (64,64) 3,99 (9,420) 38,937 3,87 (7,40) (4,746) (4,443) 66,007 (02,972) 9,098 (642,89) (40,937) (,060,09) (767,664) 56,770 55,058 43,406 2,98 98,40 94,945 (725,602) (,394,69) (,642,005) 429,2 320, ,407,064,037 84,690 35,000,450,308,49,96 9,695 2,676 (37,38) (200,270) 287, ,60 250, ,890 65,394 06,08 85,358 8, , ,890 (5,040) (36,694) (5,378) 8,

200 (4) (2)20027 F/BG/200/03 (7) (7) (50%) ()

201 978 0,92052 F/ BG/ 92/ , ,

202 F/ BG/ 2006/ 3 F/ BG/ 2006/ 2 (70%) 4 ( (75%) (

203 (i (ii

204 203 86

205 87 203

206

207 26/

208 203 90

209 * * % 26,305,45 84, , , ,89 67, ,327 2,900 45,328 3, ,68 72, , , ,722 39,500 02,282 93, ,363 48, ,700 3,28 46, , ,628,925 2, ,954 3,970 25, , ,342,30 38, ,000 83, ,003 7,800 3, ,70, ,857 30, ,040, ,045 2,35,895 83, , , ,586 8,95 89, ,244 64,565 48, ,997 22,220 76,533 90, ,848 34, , , ,967 2,90 65, , ,324 3, ,67 76, ,220 9,99 57, ,546 5, ,328 64, , , , ,303 4,690 57, ,346 25, ,624 2,598 20, ,588 3,60 302, , ,855 3,906 23, ,563 0,000 7, ,625,504 38,720 72, , ,466 26, ,08 9,220,09 28, ,822 33,856 8,5 46, ,095 08,045 95, ,44 35, ,633 30, ,89 74,577 35, ,844 0,094 53, ,773, , ,68 437, ,929, ,83 73,86 34, ,089 20,580 28,45 38, ,380 6,000 53,850 3, ,980, ,524 4,47,499 8,82, * ** 9 203

210 A2/P2/F2 A/A2 30 AAA/Aaa AAA/Aaa 5 AA/Aa3 AA/Aa3 0 5 A/A2 A/A2 6 AAA/Aaa AA/Aa3 A/A2 AAA/Aaa AA/Aa3 A/A2 AAA ABS/MBS50 ABS/MBS40 ABS/MBS 5 MBS/ABS ISDA AA/Aa3 A/A3 +A 4% 6% % AA +AA 48% 33% 34% AAA 48% 6% 55%

211 75 50 () (2) (2) () () (2)

212 ,394 65,394,032, , ,405 30,33 238, ,50 3,072, 678, , , ,479 92,38 249,027 2,389,924 86,035 86,035,96,8,296, , ,80 430,20 704,537 5,73,464 (,68) (,68) (,68) (,68) 3 203,850,93,296, , ,80 430,20 704,537 5,60, ,08 06,08 855, , ,220 90,09 304, ,472 3,3, ,778 67, , ,798 35,680 25,579 2,373,46 67,434 67,434,957,979,46,467,05, ,87 339, ,05 5,858,83 (07,506) (07,506) (07,506) (07,506) 3 202,850,473,46,467,05, ,87 339, ,05 5,750,

213 ,394 65,394 65,394,004,275 2,067,836 3,072, 3,5,84 2,389,924 2,389,924 2,389,924 86,035 86,035 86,035,004,275 4,709,89 5,73,464 5,792,537,68,68,68,68,68, ,08 06,08 06,08,95,002 2,6,268 3,3,270 3,447,257 2,373,46 2,373,46 2,373,46 67,434 67,434 67,434,95,002 4,663,8 5,858,83 5,994,70 07,506 07,506 07,506 07,506 07,506 07, ,004,275,95,002 2,067,836 2,6,268 3,072, 3,3,

214 ,004.28, ,004.28, ,75.05, ,54.66, , , , ,

215 % : : : : :

216 % % , , , , % % , , , , , , () (2)

217 : : : :

218 ,096 4,588,20 4,823, ,096 4,247,658 4,482,754 * 9,550 9, , ,543 * (43,406) (43,406) 3 235,096 4,564,345 4,799,44 235,096 4,588,20 4,823,297 * ,50, F/BG/20/ ,0 6,

219 F/BG/204/0 30 5, ,224 (64,64) (8,390) 203 (8,390) (23,525) (3,95) :

220 :

221 2033 %,842 7,08 9,77 8,63,842 7,08 9,77, , ,24 22, , ,252 08,436 48, ,860 6,956,877, ,000 2,29,6 2,29,6 52, ,45 4,45 8,290 8, ,2,284,3 94,27,487,595,487,595 29, , ,258 9,608 43,629 43, ,368 36,628 43,996 43,996 4, , ,050 84,28 445, ,094 2, ,605,382 05,754,74, ,693 40,693 40, ,794 9,069 0,424 3,287 3,287 9, ,605, ,854 77, , ,595 8, ,605 3, ,99 78,04,4,249,4,249 3, ,763 2, ,537 00, ,08 795,08 25, ,86 338,003 83, ,74 435,74 2, ,809,95,04 356,206 2,280,056 2,280,056 72, , ,085 2, ,95 45,993, ,86 6,908,353, ,452,578,24,578,24 95, ,2 45,805 53, , ,873 5, ,974 59,485 7,36 7,820 7,820 3, ,303,303, , ,665 9, , ,498 3, ,800 3,073,420, ,403 2,000,550 2,000,550 63, ,605 2, ,06 79, , ,788 28, ,86 283,62 95, ,34 393,34 9, ,526 64,344 9,624 79,494 79,297, ,684, ,730 20, ,322 94,974 26, ,434 8,290 2,222,705 38,083 2,624,52 2,40, ,926 47, ,86 2,83, ,604 2,47,82 2,47,82 52, ,539 7,70 94,709 94,709 24,377 4,060 8,763,70 3,747,35 22,766,462 22,46,808 7,08 34,33 667,239 2, ,565 2,64 60,79 38,565 2,64 6,

222

223 African Development Fund Independent Auditor s Report on the special purpose financial statements of the African Development Fund to the Board of Governors of the African Development Fund Valéry Foussé

224 24, ,

225 ,778, ,93, , , (30) (30) , ,57 0,38 0, ,98 7,89 05,70,

226 3 6,09 3 6, , , ,96202, , ,06 98,

227

228 202 4,905 2,664, ,588 50,986 (46) 50,840 78, ,656 07,097, ,338 45,753 (46) 45,607 67,

229 202 4, ,926 28,586 52,060 (6,025) 36,035 28,586 53,423 (6,237) 37,86 64,62 65,772 78,997 67,

230 202, , ,68 (52) 2,06 203, , (4) ,580 (27),

231 ,363 2,06,363 2, ,586 50,044 (5,892) 62,738 2,06 2,06 (33) (33) ,586 52,060 (6,025) 64,62,363,363 (22) (22) ,586 53,423 (6,237) 65,

232 ,363 2,06 2 (55) 47 (92) (8) (,225) 2,665 (0,097) 5,45 (959) (,758) 6,087 6,276 3 (23,39) (6,506) (8,263) (,988) (285) (669) (28,645) 2,488 53,574 5,086 24,929 53,574 3,273 48,669 3,656 4,905 24,929 53,574 2,52 2,258 2 (43) (69)

233

234 (

235 (

236

237

238 (

239 2033 * * 2 0,64 0, ,67 5, ,220 0, ,023, ,565 4, ,400 6, ,8 4, ,305, ,922 2, ,487 3, ,000 5, ,05 6,500 2, ,500 6, ,425 6, ,726,528 6, ,670 6, ,9,670 40,696 45,

240 P&S + A + A A A2 A A3 2+ BBB+ Baa 2 BBB Baa2 2 BBB Baa3 3+ BB+ Ba 3 BB Ba2 3 BB Ba3 4+ B+ B 4 B B B B3 5 5 CCC+ Caa 6+ 6 CCC Caa2 6 7 CCC Caa3 8 9 CC Ca 0 C C 30 (

241 30 AAA/Aaa AAA/Aaa 5 AA/Aa3 AA/Aa3 0 5 AAA/Aaa AA/Aa3 AAA/Aaa AA/Aa3 AAA A/A2 A/A2 6 A/A2 A/A2 ABS/MBS50 ABS/MBS 40 5ABS/MBS MBS/ABS. AA/Aa3 0 AA A + 6% 8% 27% 2% 3% % AA AA + 44% 9% 23% 40% 37% 34% AAA 50% 63% 50% 48% 60% 55%

242 : ,656 3,656 29,940 43,50 33, ,097,338,338 7,59 4,649 3,656 3,237 2,799 23,893 (46) 45,607 52,453 48,59 36,796 3,237 3,86 24,03 (46) 67,698 (,926) (,926) 3 *203 50,527 48,59 36,796 3,237 3,86 24,03 (46) 65,772 * ,905 4,905 80,680 40, ,664,588,588 7,775 5,79 4,64 3,632 3,93 25,954 (46) 50,840 94,948 46,06 4,64 3,632 3,93 26,668 (46) 78,997 (4,376) (4,376) 3 *202 80,572 46,06 4,64 3,632 3,93 26,668 (46) 64,62 *

243 (98) (47) ,656 3,656 3,656 07,097 07,097 07,097,338,338,338 45,607 45,607 45,027 07,097 60,60 67,698 67,8,926,926,926,926,926, ,905 4,905 4,905 2,664 2,664 2,664,588,588,588 50,840 50,840 52,0 2,664 57,333 78,997 80,258 4,376 4,376 4,376 4,376 4,376 4,

244 AA AAA A ,273 48, ,77 48,953 7,55 23,32 07,097 2, ,273 48,670,273 48, ,77 48,953 77,77 48,953 7,665 7,55 5,656 7,55 23,32 89,044 05,288 7,55 5, ,097 2,

245 ,089 (238) (30) () (27) () ,680 40, , ,940 43,50 33, , B/BG/2003/ ADB/BD/WP/2008/96 (3) 0.75 (2)() 6 20(4) 0.5 (3) 0.75 (2) () 5 (5) (4)

246 % % (46) (46) (536) (525)

247 ,753 45,027 50,986 52,0 (46) ( 46) 45,607 45,027 50,840 52,

248 ,044 2, ,060, , ,025 5, ,237 6, ,348, ,530, (62)

249 : : , , , ,

250 ,530,

251

252 Nigeria Trust Fund Independent Auditor s Report to the Board of Governors of the African Development Bank in respect of the Nigeria Trust Fund Valéry Foussé

253

254 * , , , , , , , , , , , , , ,050.4, , , , ,54.50, , , , , ,

255 * , , , , , , , ,307.2, ,38.9 7, , ,27.9 3, ,56. 67,223.8 *

256 (205 20)

257 3 xiv xv / x.0 xi xi xvi xvi xvi xvi % 3. 7 % 4. 7 % ( ) ( ) ( )

258 Africa

259 3 ACPU Staff Appeals Committee ADB African Development Bank ADEA Association for the Development of Education in Africa ADER Annual Development Effectiveness Review ADF African Development Fund ADB African Development Bank AGOA African Growth and Opportunity Act AIDI African Infrastructure Development Index AIFF African Infrastructure Financing Facility ALSF African Legal Support Facility AMBD Committee on Administrative Matters Affecting the Boards of Directors AMCOW African Ministers Council on Water ANRC African Natural Resources Centre ANRE Annual Report Committee APRM African Peer Review Mechanism AU African Union AUC African Union Commission AUFI Audit and Finance Committee AWF African Water Facility BCP Business Continuity Plan BRICS Brazil, Russia, India, China, South Africa CAEMC Central African Economic and Monetary Community CAIIP Community Agriculture, Infrastructure Improvement Program CAR Central African Republic CIDA Canadian International Development Agency CO2 Carbon dioxide CODE Committee on Operations and Development Effectiveness COMESA Common Market for Eastern and Southern Africa CPIA Country Policy and Institutional Assessment CRMU Compliance Review and Mediation Unit CSP Country Strategy Paper CWHOLE Committee of the Whole DAM Delegation of Authority Matrix DDR Demobilisation, Disarmament and Reintegration DFI Development Finance Institution DIRA Department Overseeing the Return to Abidjan DRC Democratic Republic of Congo EAC East African Community EADI African Development Institute ECA Economic Commission for Africa ECOA Ethics and Compliance Officers Association ECOWAS Economic Community of West African States EITI Extractive Industries Transparency Initiative ESTA Statistics Department EU European Union FDI Foreign Direct Investment FAPA Fund for African Private Sector Assistance FO Field Office FSF Fragile States Facility GAFSP Global Agriculture and Food Security Program GCI General Capital Increase GCIVI Sixth General Capital Increase GDP Gross Domestic Product GEF Global Environment Facility GVC Global Value Chain HIPC Heavily Indebted Poor Countries HIV/AIDS Human Immunodeficiency Virus/Acquired Immunodeficiency Syndrome HLP High Level Panel HQ Headquarters HR Human Resources IACD Integrity and AntiCorruption Department ICA Infrastructure Consortium for Africa ICB International Competitive Bidding ICT Information and Communications Technology IGAD InterGovernmental Authority for Development ILO International Labour Organization IPPF Infrastructure Project Preparation Facility IPR Implementation Progress and Results IRM Independent Review Mechanism ISPs Institutional Support Programs ISS Integrated Safeguards System IT Information Technology IWRM Integrated Water Resources Management KMS Knowledge Management Strategy KPIs Key Performance Indicators LIBOR London Interbank Offered Rate LICs Low Income Countries LOC Line of Credit MARFOP Mano River Forest Ecosystems Conservation Program MARS Management Action Record System MDBs Multilateral Development Banks MDGs Millennium Development Goals MDRI Multilateral Debt Relief Initiative MDWPP MultiDonor Water Partnership Program MNCs Multinational Companies MICs MiddleIncome Countries

260 MW Megawatt NASDAQ National Association of Securities Dealers Automated Quotations NEPAD New Partnership for Africa's Development NSO NonSovereign Operations NTF Nigeria Trust Fund OAGL Office of the Auditor General ODA Official Development Assistance OECD Organisation for Economic Cooperation and Development OPEV Operations Evaluation Department PASEL Electricity Access Support Project PBA PerformanceBased Allocation PBO PolicyBased Operation PCG Partial Credit Guarantee PCR Project Completion Report PIDA Program for Infrastructure Development in Africa PL Professional Level PPA Performance Based Allocation PPP Public Private Partnership PRG Partial Risk Guarantee PSF Private Sector Credit Enhancement Facility RECs Regional Economic Communities REDD Reducing Emissions from Deforestation and Forest Degradation RISP Regional Integration Strategy Paper RMCs Regional Member Countries RPA Risk Participation Agreements RR Readiness Review RRC Regional Resources Centres RWSSI Rural Water Supply and Sanitation Initiative SADC Southern African Development Community SAB Sanctions Appeal Board SCO Staff Council SEZs Special Economic Zones SMCC Senior Management Coordination Committee SMEs Small and MediumSize Enterprises SSA SubSaharan Africa STI Science Technology and Innovation TEU Twentyfoot Equivalent Unit TRA Temporary Relocation Agency TYS TenYear Strategy UA Unit of Account UNDP United Nations Development Program UNECA United Nations Economic Commission for Africa USA United States of America USD United States Dollar WAEMU West African Economic and Monetary Union ZIMFUND Zimbabwe MultiDonor Trust Fund

261 ,763,672 EUR 2,87,88 9,22,973 2,504,543 28,947,79 5,732,5 CAD 5,000,000 USD 3,845,000 EUR 00,000 EUR 5,900,000 EUR 6,009,290 EUR,27,800 EUR 5,749,358 EUR 82,222 EUR 2,902,249 EUR 5,36,083 EUR 7,052,45 EUR 25,000,000 EUR 5,000 EUR 2,000,000 EUR 0,788,685 EUR 74,963 EUR 2,95,623 EUR 2,000,000 USD 5,000,000 USD 2,000,000 USD,800,

262 ,230,476 32,929,53,987,959 4,42,908 3,68,093 EUR 37,679,53 EUR 6,25,956 EUR 4,226,775 USD 37,260,000 USD 2,648,047 USD 0,645,670 USD 3,05,935 USD,20,868 USD 3,3,525 USD 84,068 USD 84,308 USD 2,286,789 USD 3,020,990 USD 200,000 USD,47,87 USD 472,749 USD 8,840 USD 400,570 USD 30,63 USD 99,

263 ,50,53 4,533,946 6,480,500 EUR 500,000 EUR 66,298 EUR 269,950 EUR,324,960 EUR 300,000 EUR 43,35 EUR 20,464 EUR 758,266 EUR 380,678 EUR 5,000,000 EUR 9,550 4,727,293 48,70,464 EUR 7,000,000 EUR 62,65 EUR 54,906 EUR 3,302,85 EUR 2,00,84 EUR 0,524 EUR 3,690 DKK 7,700,000 CAD 9,750,000 NOK 45,000,000 GBP 9,000,000 EUR 2,000,000 EUR 2,00,94 UA 6,300,000 DKK 5,000,000 USD 93,670 USD,000,

264 ( (2 (3 22,25,58 3,908,3 2,92,724 29,67,57 3,544,650 EUR 82,57 EUR 26,404,626 EUR 30,829,647 EUR 53,000,000 EUR 500,000 EUR 7,936,470 EUR 9,287,804 USD 5,999,802 USD 4,47,643 USD 45,552,009 EUR 2,758,009 EUR,244,

265 ,253 USD 74,26 8,02,54 USD 24,509, ,76,

266 ,592,299 CAD 5,596,75,348,538 USD 2,000,000 2,698,260 EUR 5,04,492 3,638,845 EUR 3,350,000 4,72,096 USD 6,753, ,93,76 EUR 2,783, ,94,062 JPY 2,336,393,740 23,257,693 USD 26,608,63 8,783,044 USD 25,000,000 2,00,998 NOK 2,000,

267 ( (2 2,062,684 EUR 2,000,000 5,68,29 SEK 50,977,654,84 4,06,747 CHF 5,576,43,6 7,477,272 GBP 3,000,000 8,468,

268 (203 20) ,

269

270

271

272