The UK House of Commons’ International Development Committee has commended the African Development Bank (AfDB) on its COVID-19 interventions in various countries in the continent and the UK Government’s support to the bank on its funding interventions.
The report was prepared by the Sub-Committee on the Work of the Independent Commission for Aid Impact (ICAI).
The report noted that the African development finance institution’s effectiveness in responding to the pandemic and encouraged the British Government to work with it to ensure that momentum is not lost in 2021.
It stated: “We are heartened by the evidence of concerted and determined efforts on the part of the African Development Bank to mitigate the worst effects of the Covid-19 pandemic and support the response of individual countries. We also welcome what appears to have been wider enhanced coordination between development institutions in the face of the pandemic.”
The UK is one of the 28 non-regional members and shareholders of the AfDB Group.
The report further recognized the quality of the UK’s engagement with the Bank and acknowledged its performance in supporting the UK’s development priorities in Africa. It also found that the AfDB compared well with other development institutions, both in Africa and beyond.
In his remarks, the Sub-Committee Chairman, Theo Clarke said: “Since its inception, the African Development Bank has offered valuable financial assistance to developing countries across the continent.”
Dr. Tamsyn Barton of the ICAI spoke positively about the Bank’s progress in decentralizing its operations, which the UK has encouraged, and about recent policy capacity improvements, as well as the importance of the strong relationships the Bank has established with African governments.
Overall, the report reflects the UK’s appreciation on its ability to work with the Bank to deliver funds to all parts of the continent.
Commenting on the report, Debbie Palmer of the UK’s Foreign, Commonwealth and Development Office, said: “We can leverage… funds through our support [for the Bank]. We can reach places that we otherwise may not be able to reach with our bilateral funds. We can support regional investments in the large, cross-country infrastructure projects that Africa desperately needs and that the African Development Bank is investing in.”
Through the report, the UK Parliament is encouraging the British government to ensure that it is up to date with capital for the AfDB as the UK’s “important development partner”, stating that one possible action which could improve the prospects for funding African infrastructure is faster disbursement of the AfDB’s paid-in capital.
The report noted: “We urge the Government, through its position as UK Executive Director, to consider encouraging this and other possible routes to maintaining financial support for Africa’s infrastructure development.”
In his reaction to the report’s findings, the AfDB’s President, Dr. Akinwumi Adesina, enthused: “We welcome the positive findings of this important UK parliamentary report.
“The constructive feedback of our members and shareholders is extremely valuable to us as we continually assess the efficacy of our overall operations – especially as we strive to help our regional member countries cope with and recover strong from the pandemic”, he added.