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DFID boost for African Development Fund

The UK Department for International Development (DFID) is to double its support for the African Development Fund. Over the next three years, DFID will pledge £417m (US$ 822m) to the Fund - part of the African Development Bank group - helping 40 African countries to improve infrastructure, water and sanitation and invest in new energy projects.

The Fund provides grants and long term interest-free loans to African countries to help fight poverty and promote economic growth. International Development secretary Douglas Alexander said the pledge represented the Government's "commitment to help build African institutions, our confidence in the reform process being undertaken by the African Development Bank and our belief that the Fund can effectively support development in Africa's poorest countries."

In a separate initiative, a DFID-funded bioenergy research programme has been launched to help provide sustainable and affordable energy to some of the Africa's poorest people. The £4m (US$7.8m) Policy Innovation System for Clean Energy Security (PISCES) project will be led by the African Centre for Technology Studies and look at environmentally-friendly ways to provide energy security.

Date published: January 2008

 

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