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).
- 16/10/2018 - African Development Bank approves Malawi Country Strategy Paper 2018 – 2022
- 16/10/2018 - Humanitarian-Security-Development Nexus in G5 Sahel Countries: International Committee of the Red Cross discusses partnership modalities with African Development Bank
- 16/10/2018 - African Legal Support Facility launches Academy Project