2008 Highlights

During 2008 the Bank Group continued to pursue its institutional reforms and to scale up the selectivity of its operations in order to enhance its development effectiveness. In this context, the Bank continued its decentralization exercise, with 23 field offices now operational and equipped with an enhanced ITC network and improved staff skills in the field.

The two remaining offices (Algeria and Angola) are at an advanced stage of opening. Other internal reforms aimed at improving the alignment of budgetary resources with institutional priorities, streamlining corporate performance, and consolidating the Bank’s reputation as the premier knowledge-bank for the continent.

In line with the Medium-Term Bank Group Strategy 2008-2012, the Bank continued to focus its operations on supporting infrastructure, private sector development, good governance, and regional integration. These were supplemented by support in complementary areas of agriculture and rural development, social and human development. During 2008 the Bank continued to harmonize its cooperation with development partners to mobilize funding, build synergies, and leverage comparative advantages to better assist its RMCs..