Luxembourg and the African Development Bank (AfDB) have pledged to strengthen cooperation to support sustainable growth across Africa, ahead of the ADF-17 replenishment.
The commitment was made during a bilateral meeting between AfDB President Dr. Sidi Ould Tah and Luxembourg Finance Minister Gilles Roth on the sidelines of the 2025 World Bank and IMF Annual Meetings in Washington, D.C. This was their first official meeting since Dr. Ould Tah took office in September.
The leaders highlighted Luxembourg’s support for Africa’s vulnerable economies and its contributions to climate action, governance, and private sector development. Luxembourg provided €12.7 million during the previous ADF cycle, a 10% increase over the prior period.
“Africa’s development needs remain considerable, particularly in education, energy, and infrastructure,” Roth said. “Luxembourg is well placed to channel private capital toward these priorities.”
Dr. Ould Tah called Luxembourg “a steadfast partner” and said its support will be “key to mobilising resources that drive resilience, inclusion, and shared prosperity.”
Luxembourg also contributes to AfDB’s Capital Markets Development Trust Fund and the Africa Digital Financial Inclusion Facility, aimed at financial innovation and broadening market access.
Since 1972, the African Development Fund has financed nearly 3,000 projects totaling more than $45 billion, covering clean energy, food, education, and healthcare across 37 African countries, nearly half of which are fragile or conflict-affected.
The ADF-17 cycle, with pledging scheduled in December, seeks additional resources to create jobs, strengthen resilience, and support Africa’s economic growth.
