- 27/08/2014 - AfDB and WHO sign US $60 million MoU to strengthen Ebola response in West Africa
- 19/08/2014 - $210 million response: AfDB steps up efforts to curb Ebola outbreak in West Africa
- 05/08/2014 - AfDB’s Resident Representative in Sudan discusses the Bank’s interventions with country’s Minister of Finance and National Economy
- 01/08/2014 - Tunisia: AfDB to propose key solutions for poverty reduction
- 30/07/2014 - AfDB seeks strategic partnership with Angola
An important element of the policy is that it elaborates on the poverty dimensions of the major themes articulated in the Vision, the Strategic Plan and the other Bank policy papers. It also takes into account lessons learnt in national poverty reduction efforts and the experience with international aid for social and economic development.
The main objective of the policy is to provide a framework for action by putting poverty reduction at the center of Bank support for its RMCs. This is especially the case with their efforts to prepare, implement, and evaluate their PRSPs as well as the achievement of MDGs.
Operationally, the policy underscores the importance of linking country programs with the PRSP process. As a result, new CSPs draw on the poverty diagnostics, sectoral priorities, cost estimates and outcome indicators specified in the PRSPs. Moreover, the preparation and implementation of CSPs entails greater reliance on national institutions, lending instruments such as Sector Wide Approaches (SWAPs) and as much as possible budgetary support.
The policy also ensures consistency of project cycle activities with the participation dimensions of PRSPs. This aspect is being implemented through the promotion of greater participation of CSOs in project identification, design, implementation and evaluation as well as support for PRSP-related poverty.