Foreign, Commonwealth and Development Office written question – answered on 18th July 2022.
Sarah Champion
Chair, International Development Committee, Chair, International Development Committee
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether her Department sets performance targets for its spending through the African Development Bank.
Vicky Ford
Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)
As part of the process of agreeing funding for the African Development Bank's 7th General Capital Increase and 15th Replenishment of the African Development Fund (ADF15), the Bank agreed a number of policy commitments and results targets with the UK and other shareholders. We monitor progress on delivering these commitments closely through the Board of Directors and meetings of African Development Fund donors.
In 2019, the Foreign Commonwealth and Development Office also made part of its funding to ADF15 contingent on meeting certain performance targets. These targets have now been met.
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