Aga Khan Development Network

Aga Khan Development Network Profile and History

The Aga Khan Development Network (AKDN) is a group of private development agencies working to empower communities and individuals, often in disadvantaged circumstances, to improve living conditions and opportunities, especially in Central and South Asia and sub-Saharan Africa. AKDN agencies work for the common good of all citizens, regardless of their gender, origin or religion. Its underlying imp ulse is the ethic of compassion for the vulnerable in society. Its annual budget for social and cultural development activities is US$ 625 million. The Aga Khan Fund for Economic Development (AKFED), an AKDN development agency that makes long-term investments in fragile economies, has annual revenues of over US$ 3.5 billion, but reinvests all surpluses in further development.