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African Development Report 2007
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The African Development Report 2007 is the nineteenth annual survey of economic and social progress in Africa. The Report provides comprehensive analysis of the state of the African economy, examining development policy issues affecting the economic prospects of the continent. The African Development Bank Group is a regional multilateral development finance institution the members of which are all of the 53 countries in Africa and 24 countries from Asia, Europe, North and South America. The purpose of the Bank is to further the economic development and social progress ofAfrican countries, individually and collectively. To this end, the Bank promotes the investment of public and private capital for development, primarily by providing loans and grants for projects and programs that contribute to poverty reduction and broadbased sustainable development in Africa. The nonconcessional operations of the Bank are financed from its ordinary capital resources. In addition, the Banks soft window affiliatesthe African Development Fund and the Nigeria Trust Fundprovide concesssional financing to lowincome countries that are not able to sustain loans on marketterms.
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