Governance, Economic and Financial Management Department (OSGE)
The Governance, Finance and Economic Management Department (OSGE) comprises the Finance Division and the Economic Mangement Division. This organization reflects a two-pronged approach to to strengthening national systems for managing public resources, particularly oversight institutions and accountability systems (financial management), and promoting a sound business environment that encourages private investment to support pro-poor growth (economic management).
The approach thus supports countries, sectors, such as infrastructure, a key area for Bank intervention, and the region. Sectors, by addressing systemic issues through robust regulatory frameworks that enable efficient public-private partnerships; the Extractive Industries Transparency Initiative is another example of putting good governance to work so that countries can maximize the benefits of extracting non-renewable natural resources. The region and sub-region, by supporting initiatives that promote standards and codes of good economic and financial governance such as the African Peer Review Mechanism, the Collaborative Africa Budget Reform Initiative (CABRI), and pan-African initiatives that share best public procurement practices through the Common Market for Eastern and Southern Africa (COMESA).
- 22/08/2017 - Integrity in Development Projects: African Development Bank Debars Chongqing International Construction Corporation for Fraud
- 21/08/2017 - World Fashion Day: AfDB moving the continent up the textile and clothing value chain with Fashionomics Africa
- 19/08/2017 - AfDB President makes clarion call for action on challenges hampering growth at 37th SADC Heads of State Summit