Story perspectives

AfDB Secures $11 Billion Amid Pledge Shortfall Concerns

12/17/2025

Summary

Story summary

The African Development Bank (AfDB) raised $11 billion at a London donor-pledging conference, short of its $25 billion target for the African Development Fund (ADF).
The United States has withheld a $197 million tranche, raising concerns about future contributions.
Despite the shortfall, 19 African nations, including Kenya and Zambia, made their first contributions to the fund.
The AfDB plans to raise $5 billion from capital markets and engage philanthropic organizations.

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Story summary

The African Development Bank (AfDB) raised $11 billion at a London donor-pledging conference, short of its $25 billion target for the African Development Fund (ADF).
The United States has withheld a $197 million tranche, raising concerns about future contributions.
Despite the shortfall, 19 African nations, including Kenya and Zambia, made their first contributions to the fund.
The AfDB plans to raise $5 billion from capital markets and engage philanthropic organizations.