Economic & Financial Governance
Project Portfolio
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There is a consensus in Africa that governance underpins sustainable development and poverty reduction. The defining governance challenges in Africa are: (visionary) leadership, (effective) institutions, and (indigenous) capacity. Weak governance institutions represent key impediments to equitable growth, economic competitiveness and private sector development.
Stronger public sector institutions and improved country systems for managing public resources will contribute to the building of capable states, encourage engaged civil societies and improve accountability and transparency. This is the foundation for equitable development and also for a better business environment.
The AfDB’s ambition is to become a partner of choice for Regional Member Countries (RMCs) in order to strengthen financial governance by 2012. In order to achieve this, Bank Group governance activities will be deployed at three levels: the country, sector, and regional levels. The core objective remains to help African countries build capable and responsive states by strengthening transparency and accountability in the management of public resources.
Various projects, partnerships and work streams of the Governance, Economic and Financial Management Department:
- African Peer Review Mechanism (APRM)
- Extractive Industries Transparency Initiative (EITI)
- Investment Climate Facility (ICF)
- Making Finance Work for Africa (MFW4A)
- Strategic Partnership with Africa (SPA)
Note: This list is not meant to be exhaustive, but rather illustrative of our endeavors.
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26/03/2012 - East African small and medium-sized enterprises ‘a strategic priority’ for banks, finds new AfDB study
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29/02/2012 - AfDB and ACBF deepen the Partnership on the African Governance Outlook Aimed at Promoting Good Governance and Tackling Corruption in Africa
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07/10/2011 - Nairobi Action Plan to Promote Land-Based Investments that Benefit Africa
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06/10/2011 - Multilateral Institutions: Towards an Action Plan on Land-Based Foreign Direct Investment in Africa – High Level Forum in Nairobi
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28/09/2011 - AfDB, AUC and UNECA to Discuss Land Investment in Nairobi




