Board of Directors
Key operational policies and strategies as well as the proposed return to Abidjan were the main areas of focus during 2012.
The Boards of Directors gave considerable time to strategic operations and institutional matters. The most notable and far reaching discussions pertained to the Strategy of the Bank, 2013-2022, in particular the two objectives of inclusive growth and transitioning to green growth, and the areas of operational priority. In adopting the Bank Group Energy Policy, the Boards sought to balance Africa’s dire energy deficit with the need for sustainable development. A revised Program Based Operations Policy was also adopted by the Boards to guide Bank Group support to RMC policy reforms, and dialogue, as well as budget support in fragile states. The Boards also laid the foundations for a new and comprehensive approach to private sector development during discussions on the Bank Group Private Sector Development Policy and Strategy. To further instil the principles of good governance, in particular transparency, openness and accountability, the Boards approved a bold and comprehensive new Disclosure and Access to Information Policy, and to better promote stakeholder engagement, adopted a Civil Society Organizations Engagement Framework.
Shareholder representation and oversight is ensured through the Boards of the Bank. The 77-member Board of Governors is the apex policy-making organ with a representative from each of the member states. The resident Board of Directors has 20 members, each generally representing a constituency of member states (in the case of the Fund, the Board of Governors has 78 members, and the Board of Directors, 14). The Board of Directors sets policies and guidelines and oversees the general operations of the Bank, in addition to financial and administrative matters. The Boards’ deliberations in 2012 were focused on positioning the Bank to effectively support a transforming Africa, help improve the quality of its growth and sustain its benefits. From an institutional perspective, decentralization and the proposed return of the Bank’s operations to its Headquarters in Abidjan, Côte d’Ivoire, also received significant attention. This chapter outlines the Boards’ activities during the year.
The Boards further performed their functions through the seven (7) committees of the Boards, specifically:
- Ethics (ECBD);
- Whole (CWHOLE);
- Annual Report (ANRE)
- Audit and Finance (AUFI);
- Operations and Development Effectiveness (CODE);
- Administrative Affairs and Human Resources Policy (CAHR); and
- Administrative Matters Concerning the Boards of Directors (AMBD).
In order to better evaluate the development needs, and results on the ground, as well as engage with key public and private sector stakeholders, Board Members visit selected RMCs. In 2012, Board members visited Djibouti, Ghana and Uganda, and were able to familiarize themselves with development issues from the viewpoints of recipients, including needs and challenges and potential impacts of the projects they had approved, while also strengthening policy dialogue between the Bank and the relevant authorities, donors, the private sector, and civil society. Senior Advisors and Advisors of the Executive Directors also undertook similar trips to Senegal, Mauritius and Zimbabwe.
- 05/12/2013 - AfDB Board Approves Fully Flexible Loan Product: Embedding Risk Management Features in Sovereign and Sovereign-Guaranteed Loans
- 04/12/2013 - AfDB Board approves combined 2013-2017 Country Strategy Paper and 2013 Portfolio Review for Côte d’Ivoire
- 04/12/2013 - AfDB provides US $73.6 million to Malawi and Zambia for Multinational Nacala Road Corridor Phase IV