Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what funding her Department plans to allocate through the African Development Bank for the next three financial years.

Over the 2023-24 to 2025-26 financial years, the UK is expected to contribute £23.6 million to the African Development Bank's 7th General Capital Increase. Our funding to the African Development Fund (ADF) over this period will be determined by our pledge to the 16th replenishment. Pledges for this replenishment, which will run from January 2023 to December 2025, are expected to be made in October or November 2022. Negotiations for this replenishment are currently underway and Ministers will decide on our pledge in due course. Over these financial years, we will also contribute around £61.7 million to the ADF under the Multilateral Debt Relief Initiative.

The above figures are core multilateral contributions to the African Development Bank. In addition to these core contributions, the FCDO also provides some bilateral funding to trust funds that are managed by the Bank, including Africa Disaster Risks Financing.

At COP26, the Prime Minister announced that the UK is providing a Room to Run guarantee to the Bank that will enable it to provide up to $2 billion of additional financing over four years to support countries across Africa to tackle climate change.