Summary of consultations with African governments on the establishment of an African development bank

Abstract

The present note represents a synthesis of the results of the consultation’s with African Governments as contained in the reports of the three consultative teams, established for this purpose by the committee of nine at its first session.all governments emphasized that the African development bank should mobilize additional financial resources above and beyond that was currently available to Africa. In seeking additional funds, the Bank should not replace or divert current flows of funds from non-African countries and institutions under existing bilateral arrangements.