How much do you know about the african development bank?

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Test your knowledge about the premier financing institution in Africa …

Test your knowledge about the premier financing institution in Africa

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  • 1. Photo by: Sebastian Derungs/ World Economic Forum DevQuiz #2 How much do you know about the African Development Bank Group? Test your knowledge about the premier financing institution in Africa
  • 2. Photo by: Zach Mccarthy / CC-BY Q1: The African Development Bank Group is among the world’s largest multilateral development banks, with an authorized capital of UA66.98 billion or US$103 billion by the end of 2012. What was the bank’s launch capital in 1964?
  • 3. Answer: $250 million (that would be $1.9 billion today after inflation)
  • 4. Photo by: R. Raman / International Rice Research Institute Q2: The African Development Bank Group began operating in July 1966. How many staffers did it have at that time?
  • 5. Answer: 10 (in 2012, the AfDB Group had 2,005 employees)
  • 6. Photo by: Sebastian Derungs/ World Economic Forum Q3: All 54 African countries are members of the African Development Bank Group. Which country just became its newest nonregional member?
  • 7. Answer: Luxembourg (the AfDB Group now has 26 nonregional members)
  • 8. Photo by: Rais67 (via Wikimedia) Q4: AfDB is only one of three entities composing the African Development Bank Group. Which are the other two?
  • 9. Answer: African Development Fund and Nigeria Trust Fund
  • 10. Photo by: James Reinl/IRIN Q5: The African Development Fund caters to countries with capita GDP of less than US$540. Which eligible countries cannot at present receive ADF support because of their outstanding arrears with the bank?
  • 11. Answer: Somalia, Sudan and Zimbabwe
  • 12. Photo by: Sebastian jbdodane / CC-BY-NC Q6: Countries with GDP per capita of more than US$1,050 can only access AfDB funds. Which is the only country that can access both ADF and AfDB resources?
  • 13. Answer: Nigeria (countries with GDP per capita between US$540and US$1,050 can access a blend of AFD and AfDB resources)
  • 14. Photo by: World Economic Forum Q7: Donald Kaberuka is the current president of the African Development Bank Group. How many presidents has it had?
  • 15. Answer: 7 elected, 1 in caretaker capacity (in 1979, Godwin Gondwe of Malawi was appointed caretaker president after Kwame Donkor Fordwor stepped down in the wake of accusations by some board directors that he was making unilateral decisions as well as allegations of mismanagement and favoritism in recruitment)
  • 16. Photo by: Sebastian CIAT Q8: Last month, the AfDB Group board approved the creation of the Africa Climate Change Fund. Which country provided seed funding?
  • 17. Answer: Germany (with contribution of $6.5 million)
  • 18. Photo by: michaeluyttersp / CC-BY-NC-SA Q9: In 2003, the AfDB Group temporarily relocated to Tunis. Last year, the bank announced it will move back to its original home in which African capital?
  • 19. Answer: Abidjan, Côte d’Ivoire (Kaberuka said at that time: “The AfDB will celebrate its 50th anniversary in November 2014 in Abidjan.”)
  • 20. Photo by: International Institute of Tropical Agriculture Q10: The AfDB Group’s current strategy, which covers the 2013-2022 period, is designed “to place the bank at the center of Africa’s transformation and to improve the quality of Africa’s growth.” What are its two objectives?
  • 21. Answer: inclusive growth and green growth
  • 22. Photo by: Sebastian Derungs/ World Economic Forum How did you fare: 9-10: 6-8: 1-5: Want to know the latest on AfDB and African development? Join Devex and follow us on Twitter.