The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
The Board of Governors is the highest decision-making organ of the Bank, composed of one Governor and one Alternate Governor appointed by each Member Country. Each Governor represents his or her country and exercises a voting power proportionate to the capital subscription of his or her country. Governors and Alternate Governors are generally Ministers of Finance, or Economic Planning, Central Bank Governors, or other high-ranking officials. They serve for a term of five years, subject to termination and reappointment by the member country.
The Governors and Alternate Governors of the Bank are ex officio Governors and Alternate Governors of the African Development Fund.
The Boards (of the Bank and Fund) of Governors holds an Annual Meeting usually in May to review the Bank’s operations, make major policy decisions and provide strategic guidance.
All the powers of the Bank are vested in the Board of Governors although it has delegated some of those powers to the Board of Directors except the power to: