Most of the Bank’s regional member countries (RMCs) have limited institutional capacity, including in the formulation of macro-economic and micro-economic policies, and in project preparation and appraisal. As a result, most regional members countries have not been able to internalize MDB-led initiatives such as economic and sector work.
In the process, effective dialogue and ownership of development policies have been severely constrained. The Bank would, therefore, collaborate with other development partners in assisting RMCs to build sustainable and viable institutions through well-tailored training and techni¬cal assistance programs. The Bank would also help ease the path to adequate private sector funding through support for deepening and regulation of the financial sector.
Apart from the weak institutional capacity of most RMCs, access to information, especially social and economic data is a major constraint, which seriously hampers the planning and budgeting process as well as policy analysis of RMCs. More importantly, lack of readily available information in a convenient form adds to the search cost to private operators and adds to the costs of doing business in Africa.
Given adequate resources, the Bank would build its capacity, over time, to become a Knowledge and Information Centre, with strong intellectual authority and an ability to think strategically and act locally, in an African context. As a knowledge centre, the Bank would build adequate facilities and a strong and reliable Information and Technology base in order to pro-vide a ready source of information and data dissemination to both public officials and private sector operators in all its member countries.