Currently, 60%–40% of the Board’s voting power is divided between African (or “regional”) and “non-regional” member countries (also known as “donors”), depending on each member’s share size. With over 9% of the vote, Nigeria is the largest stakeholder in the African Development Bank.
Member nations, the Board of Executive Directors, and other partners are among the African Development Bank’s (AfDB) stakeholders.
Member nations
Countries that are regional members (RMCs): The 54 African nations that make up the AfDB
Nations that are not part of the region: Mostly from Europe, Asia, and America, the 28 non-African nations that make up the AfDB.
The Executive Directors’ Board
delegates from each of the participating nations. Each member’s share size determines how their voting power is distributed. Other collaborators The U.S. Department of the Treasury, USTDA, and Prosper Africa.
Stakeholders in general
principal parties involved : People who a project directly impacts, like local residents and underrepresented groups
secondary parties involved :People who either directly or indirectly impact a project, including local governments, private sector companies, and civil society organizations.
The 27 non-African countries (non-regional members
In 1982, non-African nations were permitted to join the AfDB, which had previously only been available to African nations. European, American, and Asian countries comprise the majority of non-regional members.
They are Argentina, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, India, Ireland, Italy, Japan, Kuwait, Luxembourg, Netherlands, Norway, Portugal, Saudi Arabia, South Korea, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, United Kingdom, and the United States, according to the African Development Bank.
The African Development Bank’s (AfDB) non-regional member nations have access to more banking knowledge, markets, and funding. This enables the AfDB to support the social and economic advancement of African nations.
Added Value
Finance: Non-regional members give the AfDB access to more funding sources, which it can use to offer advantageously negotiated loans to African nations.
Banking knowledge: The AfDB can benefit from non-regional members’ banking experience, which can enhance the bank’s operations.
Market access: The AfDB can support the economic and social growth of African nations by gaining access to markets outside of Africa through non-regional members.
Credibility: Credibility with partners and financial markets is increased by non-regional members.
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