The Irish government said on Tuesday that its membership of African Development Bank (AfDB) and African Development Fund (AfDF) marks its enhanced partnership with Africa.
“This marks an important deepening of Ireland’s long-standing partnership with Africa,” said Irish Deputy Prime Minister and Minister for Foreign Affairs and Trade Simon Coveney in a statement.
“Ireland’s African Development Bank membership is also an important expression of our commitment to, and investment in, the multilateral system and of our contribution to peace, security and sustainable development in Africa,” he said.
Irish Finance Minister Paschal Donohoe said in the statement that “Ireland’s partnership with these important regional multilateral institutions will both advance our shared development priorities and will open future opportunities for Irish businesses in the region.”
Headquartered in Abidjan, Cote d’Ivoire, AfDB is a regional development bank focused on reducing poverty, improving living conditions for Africans and mobilizing resources for the continent’s economic and social development while AfDF is a separate arm of AfDB, according to the statement.
Ireland submitted its formal membership application to AfDB and AfDF in early 2018 and was granted the membership on April 24, 2020, said the statement.