The U.S. Treasury Department has not pledged funding to the African Development Bank’s (AfDB) 2025 African Development Fund (ADF) replenishment round, a Treasury spokesman said, leaving uncertainty around contributions from one of the fund’s historically largest donors. The confirmation came as donors seek to raise fresh resources for the AfDB’s concessional lending arm, MarketScreener reported.
The Abidjan-based AfDB raised about $11 billion at a donor conference in London in December toward a $25 billion target for the 17th ADF replenishment. The absence of a U.S. commitment could widen the funding gap, given that Washington has traditionally ranked among the top contributors, based on figures cited by Reuters.
In the previous replenishment in 2022, the United States pledged $550 million, though a portion of that commitment was later withheld. A Treasury official said the current administration wants international financial institutions to prioritise economic growth, private-sector job creation and poverty reduction, rather than what it described as a disproportionate focus on social policy objectives, Reuters said.
The ADF provides long-term, low-cost loans and grants to Africa’s poorest countries and has been operating since 1972. AfDB officials have said the fund is exploring alternative financing options, including stronger contributions from African members and limited market borrowing, to help close the shortfall.
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