Assembly/AU/Dec.284(XIV)
Page 2
7.
COMMENDS AfDB and the World Bank for front loading ADF 11 and IDA 15,
respectively, and developing new facilities to support African countries, particularly
the low income countries, to cope with the crisis;
8.
SUPPORTS the acceleration of ADF 12 and IDA 16 replenishments, in view of the
fact that both AfDB and the World Bank have front loaded ADF 11 and IDA 15
respectively;
9.
NOTES with concern that the crisis has increased the demand for African
Development Bank and World Bank resources and that these banks may soon
have inadequate resources to support low income countries to mitigate the impact
of the present crisis and resume growth;
10. RECALLING the necessity for African countries to attain the MDGs by target date
of 2015, CALLS for strong and timely replenishment of ADF 12 and IDA 16, and
early general capital increases for the two institutions to, among others, provide
support for the low income countries; and
11. REQUESTS the Commission, in collaboration with the AfDB and UNECA, to
continue monitoring the impact of the crisis on African countries, as well as the
implementation of the G20 Summit Commitments.
Adopted by the Fourteenth Ordinary Session of the Assembly in Addis Ababa, Ethiopia on 2 February 2010