Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what funding her Department has disbursed through the African Development Bank from 1 April 2018 to 31 March 2022.
Between 1 April 2018 and 31 March 2022, the Foreign Commonwealth and Development Office (FCDO) provided £54.6 million for the African Development Bank General Capital Increases and £653 million to the African Development Fund (ADF). FCDO also provided £42.5 million to the ADF under the Multilateral Debt Relief Initiative (MDRI).
The above figures are core multilateral contributions to the African Development Bank. In addition to these core contributions, the FCDO has provided some bilateral funding to trust funds that are managed by the Bank, including Africa Disaster Risks Financing (ADRIFI).
At COP26, the PM announced that the UK is providing a Room to Run guarantee to the Bank that will enable it to provide up to $2bn of additional financing over four years to support countries across Africa to tackle climate change.