Annual development effectiveness review 2023: enhancing Africa’s resilience
The Annual Development Effectiveness Review (ADER) assesses contributions the African Development Bank (‘the Bank’) has made to its five development goals: Light Up and Power Africa (Chapter 1), Feed Africa (Chapter 2), Industrialise Africa (Chapter 3), Integrate Africa (Chapter 4), and Improve the Quality of Life for the People of Africa (Chapter 5). Drawing on data from a wide range of sources, each chapter explores Africa’s progress against each High 5 and assesses how the Bank has contributed to achieving it. In doing so, the ADER also looks at how the Bank delivers on its cross-cutting goals, such as better governance and greater gender equality (Chapter 6). Last but not least, the ADER assesses the Bank’s efficiency as a development organisation (Chapter 7). This year’s edition of the ADER reflects the impact of recent global crises both on the Bank’s clients and on the Bank’s operations. Despite the strong average economic growth of 4.8% in 2021 signalling the beginning of a recovery from the adverse effects of COVID-19 in 2020, Africa’s real GDP growth slowed to 3.8% in 2022. This slowdown was caused by a combination of factors including the impacts of COVID-19, global financial volatility, and climate change.