Mr. Donald Kaberuka is currently serving his second five-year term as President of the African Development Bank Group (AfDB). He was first elected in 2005, becoming the seventh president of the Bank Group since its establishment in 1963.

He was re-elected in May 2010 at the AfDB’s headquarters in Abidjan, Côte d’Ivoire, for a second five-year term. He took the oath for his second term in September of that year in Tunis, the Bank’s current temporary relocation city. The Bank moved temporarily from Abidjan in 2003 due to the security situation there.

Before joining the African Development Bank, Mr. Kaberuka, 61, had a distinguished career in banking, international trade and development and government service A national of Rwanda, he was the country’s Minister of Finance and Economic Planning between 1997 and 2005. During this period, he oversaw Rwanda’s successful economic reconstruction after the end of the civil war there.

He initiated and implemented major economic reforms and introduced new systems of structural, monetary and fiscal governance, laying special emphasis on the independence of Rwanda’s central bank.

These reforms led to the widely-recognized revival of Rwanda’s economy, and to the sustained economic growth that enabled Rwanda to obtain debt cancellation under the Heavily Indebted Poor Countries initiative in April 2005.

During his service at the AfDB, Mr Kaberuka has presided over a major redirection in its strategy for development and poverty reduction in Africa. To that end, the AfDB has placed increased emphasis on the private sector, and on the importance of major infrastructure developments in areas such as road, railways, power plants and communications, especially in their role in promoting regional integration in Africa.

During Mr Kaberuka’s period of office, the AfDB has become Africa’s premier financial institution. In 2009, in response to the global financial crisis, the African Development Bank Group made record approvals of loans and grants totaling more than USD 12.6 billion.

Donald Kaberuka was educated at universities in Tanzania and Scotland. He holds a PhD in Economics from Glasgow University.

Given Mbise - Tanzania 01/06/2012 15:29
I am proud this great meeting held in my region( Arusha).
Dear Dr Kaberuka remember to upgrade our city( Arusha) infrastructure. Especially city road networks as gift from u.
Keep it your doing!!
Godfrey Charles Mlelwa - Tanzania 31/05/2012 15:12
I am proud we produce such a leader from East Africa, specially when you have some roots in Tanzania (Iringa) as well. you are role model to many young east african and i believe whole africa. There is still a long way to go, the good thing is we are moving.
Remmy Byiringiro - Canada 10/06/2011 15:38
Congratulations Dr Kaberuka ,it is people like you that make me love economics and wish to serve mu beautiful continent one day,in your capacity or others as long as my contribution makes us independent from receiving foreign aid.Once again keep up the good work!!
samuel Helu - Kenya 10/05/2011 12:24
You are a role model to many of us. Well done. Keep it up.
Obadha MacOludhe - Kenya 04/05/2011 14:11
i will be just like you, if not better. one of my greatest role-models, good job Mr. President.
Pierre Uwimana - Rwanda 06/01/2011 09:04
Mr. President, your are on the right path to the advancement of Africa, thank you for being an inspiration to young Africans, we shall endeavor to follow your footsteps.
brian mutale - Zambia 01/09/2010 21:14
Congratulations Mr President on your re-election.If you transformed Rwanda after the war,how much more Africa?The ball is in your hands.The challenges ahead are tough such as the formation of the African Economic Community by 2028-2034.Your input as a bank will be very crucial
ibrahim lisso - Tanzania 06/05/2010 11:26
Mr president keep on with good work that you are doing for our continent..your one for the mentors of young African generation..keep on with the good work.

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