{"id":20322,"date":"2025-04-13T22:33:17","date_gmt":"2025-04-13T22:33:17","guid":{"rendered":"https:\/\/marab.keyframe-eg.org\/?post_type=cpt_services&#038;p=20322"},"modified":"2025-04-15T11:10:04","modified_gmt":"2025-04-15T11:10:04","slug":"international-financial-institutions","status":"publish","type":"cpt_services","link":"https:\/\/marab.keyframe-eg.org\/en\/services\/international-financial-institutions\/","title":{"rendered":"International Financial Institutions"},"content":{"rendered":"<h2 class=\"\" data-start=\"66\" data-end=\"248\"><span style=\"font-size: 17px;\"><strong data-start=\"69\" data-end=\"248\">Overview of International Financial Institutions Participating in the Workshop on Business Opportunities and Policy Financing in the Middle East and North Africa (MENA) Region<\/strong><\/span><\/h2>\n<h3 class=\"\" data-start=\"250\" data-end=\"271\"><span style=\"font-size: 17px;\"><strong data-start=\"254\" data-end=\"271\">Participants:<\/strong><\/span><\/h3>\n<ul data-start=\"273\" data-end=\"459\">\n<li class=\"\" data-start=\"273\" data-end=\"320\">\n<p class=\"\" data-start=\"275\" data-end=\"320\"><span style=\"font-size: 17px;\">Asian Infrastructure Investment Bank (AIIB)<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"321\" data-end=\"387\">\n<p class=\"\" data-start=\"323\" data-end=\"387\"><span style=\"font-size: 17px;\">Multilateral Cooperation Center for Development Finance (MCDF)<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"388\" data-end=\"423\">\n<p class=\"\" data-start=\"390\" data-end=\"423\"><span style=\"font-size: 17px;\">Islamic Development Bank (IsDB)<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"424\" data-end=\"459\">\n<p class=\"\" data-start=\"426\" data-end=\"459\"><span style=\"font-size: 17px;\">African Development Bank (AfDB)<\/span><\/p>\n<\/li>\n<\/ul>\n<hr class=\"\" data-start=\"461\" data-end=\"464\" \/>\n<h3 class=\"\" data-start=\"466\" data-end=\"517\"><span style=\"font-size: 17px;\"><strong data-start=\"470\" data-end=\"517\">Asian Infrastructure Investment Bank (AIIB)<\/strong><\/span><\/h3>\n<p class=\"\" data-start=\"519\" data-end=\"981\"><span style=\"font-size: 17px;\">The Asian Infrastructure Investment Bank (AIIB) is an international financial institution established in 2014 by China with an initial capital of USD 50 billion. The bank has over 35 member countries, excluding the United States, which has expressed concerns about competition with the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB). AIIB is headquartered in Beijing. Russia joined as a founding member on April 14, 2015.<\/span><\/p>\n<p class=\"\" data-start=\"983\" data-end=\"1513\"><span style=\"font-size: 17px;\">AIIB is a multilateral development bank whose mission is to finance infrastructure for tomorrow \u2014 infrastructure with sustainability at its core. The bank began operations in Beijing in January 2016 and has since grown to 105 approved members globally. With a capitalization of USD 100 billion and a Triple-A credit rating from major international rating agencies, AIIB works with partners to meet client needs by unlocking new capital and investing in green, technology-enabled infrastructure that enhances regional connectivity.<\/span><\/p>\n<ul data-start=\"1515\" data-end=\"1817\">\n<li class=\"\" data-start=\"1515\" data-end=\"1544\">\n<p class=\"\" data-start=\"1517\" data-end=\"1544\"><span style=\"font-size: 17px;\"><strong data-start=\"1517\" data-end=\"1534\">Headquarters:<\/strong> Beijing<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"1545\" data-end=\"1566\">\n<p class=\"\" data-start=\"1547\" data-end=\"1566\"><span style=\"font-size: 17px;\"><strong data-start=\"1547\" data-end=\"1559\">Founded:<\/strong> 2014<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"1567\" data-end=\"1599\">\n<p class=\"\" data-start=\"1569\" data-end=\"1599\"><span style=\"font-size: 17px;\"><strong data-start=\"1569\" data-end=\"1578\">Type:<\/strong> International Bank<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"1600\" data-end=\"1636\">\n<p class=\"\" data-start=\"1602\" data-end=\"1636\"><span style=\"font-size: 17px;\"><strong data-start=\"1602\" data-end=\"1612\">Focus:<\/strong> Credit\/Infrastructure<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"1637\" data-end=\"1669\">\n<p class=\"\" data-start=\"1639\" data-end=\"1669\"><span style=\"font-size: 17px;\"><strong data-start=\"1639\" data-end=\"1654\">Membership:<\/strong> 35 countries<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"1670\" data-end=\"1704\">\n<p class=\"\" data-start=\"1672\" data-end=\"1704\"><span style=\"font-size: 17px;\"><strong data-start=\"1672\" data-end=\"1694\">Official Language:<\/strong> English<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"1705\" data-end=\"1733\">\n<p class=\"\" data-start=\"1707\" data-end=\"1733\"><span style=\"font-size: 17px;\"><strong data-start=\"1707\" data-end=\"1721\">President:<\/strong> Jin Liqun<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"1734\" data-end=\"1765\">\n<p class=\"\" data-start=\"1736\" data-end=\"1765\"><span style=\"font-size: 17px;\"><strong data-start=\"1736\" data-end=\"1748\">Capital:<\/strong> USD 50 billion<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"1766\" data-end=\"1817\">\n<p class=\"\" data-start=\"1768\" data-end=\"1817\"><span style=\"font-size: 17px;\"><strong data-start=\"1768\" data-end=\"1780\">Website:<\/strong> <a class=\"\" href=\"https:\/\/www.aiib.org\" target=\"_new\" rel=\"noopener\" data-start=\"1781\" data-end=\"1817\">www.aiib.org<\/a><\/span><\/p>\n<\/li>\n<\/ul>\n<hr class=\"\" data-start=\"1819\" data-end=\"1822\" \/>\n<h3 class=\"\" data-start=\"1824\" data-end=\"1894\"><span style=\"font-size: 17px;\"><strong data-start=\"1828\" data-end=\"1894\">Multilateral Cooperation Center for Development Finance (MCDF)<\/strong><\/span><\/h3>\n<p class=\"\" data-start=\"1896\" data-end=\"2284\"><span style=\"font-size: 17px;\">The MCDF is a multilateral financial mechanism aimed at promoting high-quality infrastructure and connectivity investments in developing countries through partnerships. Established in 2020, MCDF supports developing countries, international financial institutions, and new partners in addressing quality and sustainability challenges affecting cross-border infrastructure and connectivity.<\/span><\/p>\n<p class=\"\" data-start=\"2286\" data-end=\"2446\"><span style=\"font-size: 17px;\">Aligned with G20 Quality Infrastructure Investment principles, the MCDF facilitates close cooperation between multilateral development banks and other partners.<\/span><\/p>\n<p class=\"\" data-start=\"2448\" data-end=\"2808\"><span style=\"font-size: 17px;\">The MCDF portfolio aims to close connectivity gaps based on planned and ongoing global, regional, and sectoral initiatives. As a multilateral financial facility, MCDF complements rather than competes with other mechanisms sharing its vision of supporting G20 infrastructure principles, the Sustainable Development Goals (SDGs), and the Paris Climate Agreement.<\/span><\/p>\n<h4 class=\"\" data-start=\"2810\" data-end=\"2824\"><span style=\"font-size: 17px;\"><strong data-start=\"2815\" data-end=\"2824\">Goals<\/strong><\/span><\/h4>\n<p class=\"\" data-start=\"2826\" data-end=\"2881\"><span style=\"font-size: 17px;\">MCDF enhances high-quality connectivity investments by:<\/span><\/p>\n<ul data-start=\"2883\" data-end=\"3151\">\n<li class=\"\" data-start=\"2883\" data-end=\"3024\">\n<p class=\"\" data-start=\"2885\" data-end=\"3024\"><span style=\"font-size: 17px;\">Applying internationally accepted standards more widely via capacity building, information sharing, co-financing, and technical assistance.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"3025\" data-end=\"3091\">\n<p class=\"\" data-start=\"3027\" data-end=\"3091\"><span style=\"font-size: 17px;\">Increasing enforcement of these standards at the national level.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"3092\" data-end=\"3151\">\n<p class=\"\" data-start=\"3094\" data-end=\"3151\"><span style=\"font-size: 17px;\">Mobilizing and increasing connectivity project financing.<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"\" data-start=\"3153\" data-end=\"3390\"><span style=\"font-size: 17px;\">As the global community moves toward sustainable recovery post-pandemic, MCDF is uniquely positioned as a one-stop shop for high-quality infrastructure, combining information exchange, capacity building, and project preparation services.<\/span><\/p>\n<h4 class=\"\" data-start=\"3392\" data-end=\"3417\"><span style=\"font-size: 17px;\"><strong data-start=\"3397\" data-end=\"3417\">Core Principles:<\/strong><\/span><\/h4>\n<ul data-start=\"3419\" data-end=\"3854\">\n<li class=\"\" data-start=\"3419\" data-end=\"3547\">\n<p class=\"\" data-start=\"3421\" data-end=\"3547\"><span style=\"font-size: 17px;\"><strong data-start=\"3421\" data-end=\"3438\">Connectivity:<\/strong> Linking communities and economies through infrastructure (energy, transport, ICT, and water) across borders.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"3548\" data-end=\"3730\">\n<p class=\"\" data-start=\"3550\" data-end=\"3730\"><span style=\"font-size: 17px;\"><strong data-start=\"3550\" data-end=\"3562\">Quality:<\/strong> Promoting standards on debt sustainability, environmental and social safeguards, fossil fuel investments, clean energy, anti-corruption, procurement, and transparency.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"3731\" data-end=\"3854\">\n<p class=\"\" data-start=\"3733\" data-end=\"3854\"><span style=\"font-size: 17px;\"><strong data-start=\"3733\" data-end=\"3750\">Partnerships:<\/strong> Building new partnerships between developing country governments, IFIs, and emerging market financiers.<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 class=\"\" data-start=\"3856\" data-end=\"3886\"><span style=\"font-size: 17px;\"><strong data-start=\"3861\" data-end=\"3886\">Governance Structure:<\/strong><\/span><\/h4>\n<ol data-start=\"3888\" data-end=\"4298\">\n<li class=\"\" data-start=\"3888\" data-end=\"3983\">\n<p class=\"\" data-start=\"3891\" data-end=\"3983\"><span style=\"font-size: 17px;\"><strong data-start=\"3891\" data-end=\"3922\">MCDF Collaboration Platform<\/strong> \u2014 enhances coordination among IFIs and development partners.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"3984\" data-end=\"4099\">\n<p class=\"\" data-start=\"3987\" data-end=\"4099\"><span style=\"font-size: 17px;\"><strong data-start=\"3987\" data-end=\"4012\">MCDF Finance Facility<\/strong> \u2014 provides grants for information sharing, capacity building, and project preparation.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"4100\" data-end=\"4245\">\n<p class=\"\" data-start=\"4103\" data-end=\"4245\"><span style=\"font-size: 17px;\"><strong data-start=\"4103\" data-end=\"4119\">MCDF Manager<\/strong> \u2014 oversees administrative and financial services; AIIB serves as the manager and host of the secretariat since June 30, 2020.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"4246\" data-end=\"4298\">\n<p class=\"\" data-start=\"4249\" data-end=\"4298\"><span style=\"font-size: 17px;\"><strong data-start=\"4249\" data-end=\"4269\">MCDF Secretariat<\/strong> \u2014 supports daily operations.<\/span><\/p>\n<\/li>\n<\/ol>\n<p class=\"\" data-start=\"4300\" data-end=\"4327\"><span style=\"font-size: 17px;\"><strong data-start=\"4300\" data-end=\"4327\">Supervisory Committees:<\/strong><\/span><\/p>\n<ul data-start=\"4328\" data-end=\"4522\">\n<li class=\"\" data-start=\"4328\" data-end=\"4411\">\n<p class=\"\" data-start=\"4330\" data-end=\"4411\"><span style=\"font-size: 17px;\"><strong data-start=\"4330\" data-end=\"4355\">Management Committee:<\/strong> Oversees policy and operations of the finance facility.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"4412\" data-end=\"4522\">\n<p class=\"\" data-start=\"4414\" data-end=\"4522\"><span style=\"font-size: 17px;\"><strong data-start=\"4414\" data-end=\"4441\">Coordination Committee:<\/strong> Oversees collaboration platform activities and advises the management committee.<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"\" data-start=\"4524\" data-end=\"4686\"><span style=\"font-size: 17px;\"><strong data-start=\"4524\" data-end=\"4536\">Address:<\/strong><\/span><br data-start=\"4536\" data-end=\"4539\" \/><span style=\"font-size: 17px;\">Tower A, Asia Financial Center, No. 1 East Tianshan Road, Chaoyang District, Beijing 100101<\/span><br data-start=\"4630\" data-end=\"4633\" \/><span style=\"font-size: 17px;\"><strong data-start=\"4633\" data-end=\"4643\">Phone:<\/strong> +86-10-8358-0000<\/span><br data-start=\"4660\" data-end=\"4663\" \/><span style=\"font-size: 17px;\"><strong data-start=\"4663\" data-end=\"4673\">Email:<\/strong> @themcdf.org<\/span><\/p>\n<hr class=\"\" data-start=\"4688\" data-end=\"4691\" \/>\n<h3 class=\"\" data-start=\"4693\" data-end=\"4732\"><span style=\"font-size: 17px;\"><strong data-start=\"4697\" data-end=\"4732\">Islamic Development Bank (IsDB)<\/strong><\/span><\/h3>\n<p class=\"\" data-start=\"4734\" data-end=\"5093\"><span style=\"font-size: 17px;\">The IsDB is an international financial institution established to support the economic and social progress of member countries. It was created following the resolution of the Conference of Finance Ministers of Islamic Countries in Jeddah in December 1973, with its inaugural meeting held in Riyadh in July 1975. The bank officially opened on October 20, 1975.<\/span><\/p>\n<h4 class=\"\" data-start=\"5095\" data-end=\"5115\"><span style=\"font-size: 17px;\"><strong data-start=\"5100\" data-end=\"5115\">Objectives:<\/strong><\/span><\/h4>\n<p class=\"\" data-start=\"5117\" data-end=\"5279\"><span style=\"font-size: 17px;\">To support the economic development and social progress of member countries and Muslim communities in non-member countries according to Islamic Sharia principles.<\/span><\/p>\n<h4 class=\"\" data-start=\"5281\" data-end=\"5300\"><span style=\"font-size: 17px;\"><strong data-start=\"5286\" data-end=\"5300\">Functions:<\/strong><\/span><\/h4>\n<ul data-start=\"5302\" data-end=\"5775\">\n<li class=\"\" data-start=\"5302\" data-end=\"5443\">\n<p class=\"\" data-start=\"5304\" data-end=\"5443\"><span style=\"font-size: 17px;\">Provides various development assistance including trade finance and poverty alleviation through human development and economic cooperation.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"5444\" data-end=\"5486\">\n<p class=\"\" data-start=\"5446\" data-end=\"5486\"><span style=\"font-size: 17px;\">Promotes Islamic finance in development.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"5487\" data-end=\"5578\">\n<p class=\"\" data-start=\"5489\" data-end=\"5578\"><span style=\"font-size: 17px;\">Manages special-purpose funds such as aid for Muslim communities in non-member countries.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"5579\" data-end=\"5663\">\n<p class=\"\" data-start=\"5581\" data-end=\"5663\"><span style=\"font-size: 17px;\">Facilitates external trade among member countries, especially in productive goods.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"5664\" data-end=\"5775\">\n<p class=\"\" data-start=\"5666\" data-end=\"5775\"><span style=\"font-size: 17px;\">Offers technical assistance and training in economic, financial, and banking sectors under Sharia compliance.<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 class=\"\" data-start=\"5777\" data-end=\"5797\"><span style=\"font-size: 17px;\"><strong data-start=\"5782\" data-end=\"5797\">Membership:<\/strong><\/span><\/h4>\n<p class=\"\" data-start=\"5799\" data-end=\"5932\"><span style=\"font-size: 17px;\">Open to members of the Organization of Islamic Cooperation (OIC) who meet financial commitments. Currently, 56 countries are members.<\/span><\/p>\n<h4 class=\"\" data-start=\"5934\" data-end=\"5951\"><span style=\"font-size: 17px;\"><strong data-start=\"5939\" data-end=\"5951\">Capital:<\/strong><\/span><\/h4>\n<p class=\"\" data-start=\"5953\" data-end=\"6299\"><span style=\"font-size: 17px;\">Initially authorized at 2 billion Islamic Dinars (equal to one SDR unit of the IMF). Over time, it increased to 30 billion Islamic Dinars, with a subscribed capital of 15 billion and paid-up capital of 2.7 billion Islamic Dinars by 2006. In 2018, Saudi Arabia pledged $150 million to support Islamic endowments in Jerusalem under IsDB management.<\/span><\/p>\n<h4 class=\"\" data-start=\"6301\" data-end=\"6344\"><span style=\"font-size: 17px;\"><strong data-start=\"6306\" data-end=\"6344\">Headquarters and Regional Offices:<\/strong><\/span><\/h4>\n<ul data-start=\"6346\" data-end=\"6581\">\n<li class=\"\" data-start=\"6346\" data-end=\"6383\">\n<p class=\"\" data-start=\"6348\" data-end=\"6383\"><span style=\"font-size: 17px;\"><strong data-start=\"6348\" data-end=\"6360\">Main HQ:<\/strong> Jeddah, Saudi Arabia<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"6384\" data-end=\"6471\">\n<p class=\"\" data-start=\"6386\" data-end=\"6471\"><span style=\"font-size: 17px;\"><strong data-start=\"6386\" data-end=\"6407\">Regional Offices:<\/strong> Rabat (Morocco), Kuala Lumpur (Malaysia), Almaty (Kazakhstan)<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"6472\" data-end=\"6581\">\n<p class=\"\" data-start=\"6474\" data-end=\"6581\"><span style=\"font-size: 17px;\"><strong data-start=\"6474\" data-end=\"6492\">Field offices:<\/strong> Bangladesh, Guinea, Indonesia, Libya, Mauritania, Pakistan, Senegal, Sierra Leone, Sudan<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 class=\"\" data-start=\"6583\" data-end=\"6604\"><span style=\"font-size: 17px;\"><strong data-start=\"6588\" data-end=\"6604\">Key Sectors:<\/strong><\/span><\/h4>\n<ul data-start=\"6606\" data-end=\"7146\">\n<li class=\"\" data-start=\"6606\" data-end=\"6722\">\n<p class=\"\" data-start=\"6608\" data-end=\"6722\"><span style=\"font-size: 17px;\"><strong data-start=\"6608\" data-end=\"6633\">Science &amp; Innovation:<\/strong> Launched the Engage platform and a $500 million fund to connect innovators with markets.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"6723\" data-end=\"6811\">\n<p class=\"\" data-start=\"6725\" data-end=\"6811\"><span style=\"font-size: 17px;\"><strong data-start=\"6725\" data-end=\"6744\">Infrastructure:<\/strong> Invests in urban, agricultural, energy, and transport development.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"6812\" data-end=\"6885\">\n<p class=\"\" data-start=\"6814\" data-end=\"6885\"><span style=\"font-size: 17px;\"><strong data-start=\"6814\" data-end=\"6828\">Education:<\/strong> Supports over 13,000 students; invested ~$133.7 million.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"6886\" data-end=\"6952\">\n<p class=\"\" data-start=\"6888\" data-end=\"6952\"><span style=\"font-size: 17px;\"><strong data-start=\"6888\" data-end=\"6899\">Health:<\/strong> Focuses on healthcare access and disease prevention.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"6953\" data-end=\"7066\">\n<p class=\"\" data-start=\"6955\" data-end=\"7066\"><span style=\"font-size: 17px;\"><strong data-start=\"6955\" data-end=\"6979\">Humanitarian Relief:<\/strong> Aims to improve life quality in the poorest and most climate-vulnerable member states.<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"7067\" data-end=\"7146\">\n<p class=\"\" data-start=\"7069\" data-end=\"7146\"><span style=\"font-size: 17px;\"><strong data-start=\"7069\" data-end=\"7087\">Women &amp; Girls:<\/strong> Invests in education, health, and empowerment initiatives.<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 class=\"\" data-start=\"7148\" data-end=\"7168\"><span style=\"font-size: 17px;\"><strong data-start=\"7153\" data-end=\"7168\">Presidents:<\/strong><\/span><\/h4>\n<ul data-start=\"7170\" data-end=\"7269\">\n<li class=\"\" data-start=\"7170\" data-end=\"7203\">\n<p class=\"\" data-start=\"7172\" data-end=\"7203\"><span style=\"font-size: 17px;\">Ahmad Mohamed Ali (1975\u20132016)<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"7204\" data-end=\"7233\">\n<p class=\"\" data-start=\"7206\" data-end=\"7233\"><span style=\"font-size: 17px;\">Bandar Hajjar (2016\u20132021)<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"7234\" data-end=\"7269\">\n<p class=\"\" data-start=\"7236\" data-end=\"7269\"><span style=\"font-size: 17px;\">Muhammad Al-Jasser (2021\u2013Present)<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 class=\"\" data-start=\"7271\" data-end=\"7297\"><span style=\"font-size: 17px;\"><strong data-start=\"7276\" data-end=\"7297\">Member Countries:<\/strong><\/span><\/h4>\n<p class=\"\" data-start=\"7298\" data-end=\"7398\"><span style=\"font-size: 17px;\">Includes most OIC nations \u2014 from Saudi Arabia, Egypt, and Indonesia to Nigeria, Turkey, and Morocco.<\/span><\/p>\n<hr class=\"\" data-start=\"7400\" data-end=\"7403\" \/>\n<h3 class=\"\" data-start=\"7405\" data-end=\"7444\"><span style=\"font-size: 17px;\"><strong data-start=\"7409\" data-end=\"7444\">African Development Bank (AfDB)<\/strong><\/span><\/h3>\n<p class=\"\" data-start=\"7446\" data-end=\"7705\"><span style=\"font-size: 17px;\">The AfDB is a multilateral development finance institution established in 1964 to foster economic and social development in African countries. It comprises three entities: the African Development Bank, the African Development Fund, and the Nigeria Trust Fund.<\/span><\/p>\n<p class=\"\" data-start=\"7707\" data-end=\"7959\"><span style=\"font-size: 17px;\">Its goal is to reduce poverty and improve living standards in Africa by encouraging public and private investment in development projects. The bank provides funding to African governments and private enterprises in its regional member countries (RMCs).<\/span><\/p>\n<p class=\"\" data-start=\"7961\" data-end=\"8170\"><span style=\"font-size: 17px;\">Initially headquartered in Abidjan, C\u00f4te d\u2019Ivoire, the bank temporarily moved to Tunis due to civil conflict but has since returned to Abidjan. In 2019, its capital was raised from $93 billion to $208 billion.<\/span><\/p>\n<p class=\"\" data-start=\"8172\" data-end=\"8305\"><span style=\"font-size: 17px;\">AfDB also launched <strong data-start=\"8191\" data-end=\"8203\">Africa50<\/strong>, headquartered in Casablanca, to mobilize large-scale private capital for infrastructure development.<\/span><\/p>\n<h4 class=\"\" data-start=\"8307\" data-end=\"8338\"><span style=\"font-size: 17px;\"><strong data-start=\"8312\" data-end=\"8338\">Beneficiary Countries:<\/strong><\/span><\/h4>\n<ul data-start=\"8340\" data-end=\"8499\">\n<li class=\"\" data-start=\"8340\" data-end=\"8412\">\n<p class=\"\" data-start=\"8342\" data-end=\"8412\"><span style=\"font-size: 17px;\"><strong data-start=\"8342\" data-end=\"8359\">North Africa:<\/strong> Algeria, Egypt, Morocco, Tunisia, Libya, Mauritius<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"8413\" data-end=\"8499\">\n<p class=\"\" data-start=\"8415\" data-end=\"8499\"><span style=\"font-size: 17px;\"><strong data-start=\"8415\" data-end=\"8438\">Sub-Saharan Africa:<\/strong> Ghana, Nigeria, Kenya, Rwanda, Uganda, Sudan, Ethiopia, etc.<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 class=\"\" data-start=\"8501\" data-end=\"8539\"><span style=\"font-size: 17px;\"><strong data-start=\"8506\" data-end=\"8539\">Non-African Member Countries:<\/strong><\/span><\/h4>\n<p class=\"\" data-start=\"8541\" data-end=\"8749\"><span style=\"font-size: 17px;\">Includes: Argentina, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, India, Italy, Japan, Kuwait, Saudi Arabia, South Korea, Spain, Sweden, Switzerland, Turkey, the UK, and the US.<\/span><\/p>\n<ul data-start=\"8751\" data-end=\"8831\">\n<li class=\"\" data-start=\"8751\" data-end=\"8795\">\n<p class=\"\" data-start=\"8753\" data-end=\"8795\"><span style=\"font-size: 17px;\"><strong data-start=\"8753\" data-end=\"8770\">Headquarters:<\/strong> Abidjan, C\u00f4te d\u2019Ivoire<\/span><\/p>\n<\/li>\n<li class=\"\" data-start=\"8796\" data-end=\"8831\">\n<p class=\"\" data-start=\"8798\" data-end=\"8831\"><span style=\"font-size: 17px;\"><strong data-start=\"8798\" data-end=\"8812\">President:<\/strong> Akinwumi Adesina<\/span><\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Overview of International Financial Institutions Participating in the Workshop on Business Opportunities and Policy Financing in the Middle East and North Africa (MENA) Region Participants: Asian Infrastructure Investment Bank (AIIB)&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","cpt_services_group":[],"class_list":["post-20322","cpt_services","type-cpt_services","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/marab.keyframe-eg.org\/en\/wp-json\/wp\/v2\/cpt_services\/20322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marab.keyframe-eg.org\/en\/wp-json\/wp\/v2\/cpt_services"}],"about":[{"href":"https:\/\/marab.keyframe-eg.org\/en\/wp-json\/wp\/v2\/types\/cpt_services"}],"author":[{"embeddable":true,"href":"https:\/\/marab.keyframe-eg.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marab.keyframe-eg.org\/en\/wp-json\/wp\/v2\/comments?post=20322"}],"wp:attachment":[{"href":"https:\/\/marab.keyframe-eg.org\/en\/wp-json\/wp\/v2\/media?parent=20322"}],"wp:term":[{"taxonomy":"cpt_services_group","embeddable":true,"href":"https:\/\/marab.keyframe-eg.org\/en\/wp-json\/wp\/v2\/cpt_services_group?post=20322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}