Financial management policies & procedures

The African Development Bank’s Guidelines for Financial Management and Financial Analysis of Projects describe and explain the Bank’s policies, procedures and approaches to the financial management and analysis of projects and programmes that the Bank finances. The Guidelines are intended to ensure the sustained operations of entities that implement projects and programmes within the Bank’s public sector operations. They do not apply to the Bank’s private sector lending window that has separate policies and guidelines, as well as approaches.

The Guidelines for Financial Reporting and Auditing of Projects summarizes the financial and auditing requirements for projects financed by the Bank. The guidelines are intended to acquaint readers with the financial policies and accounting practices considered fundamental in preparing financial statements and for carrying out audits of Bank funded projects.

These Comprehensive Terms of Reference of the Auditor are intended to be used as a guide when determining the scope and detail of an audit examination of a particular project by the Borrower.