Leadership for Transformation
The theme of the 2013 Annual Meetings of the African Development Bank Group is the structural transformation of Africa. The idea that such a structural transformation is necessary on the continent comes from the process of change and growth that has taken place in recent years.
Due to a combination of steady economic growth across Africa and a more stable environment, Africa stands ready to make a leap forward, to become more industrialised, more urbanised, more technological, and a place where economic growth is shared by a far greater proportion of its population, not least through the creation of employment for its growing numbers of young men and women.
However, such a transformation can bring potential dangers as well as benefits. To steer clear of such dangers, Africa will need a new type of leadership at the pyramid of its governments, institutions, corporations and other organisations.
In this seminar, the distinguished panel will ask what the nature of this new type of leadership might be, what kind of people these new leaders will be and what kind of future they will shape for Africa.
Capable and accountable states that make sound policies, provide public services, regulate markets and involve citizens in overseeing how public resources are used, are critical for Africa’s transformation. The Bank has played a significant role in recent years in supporting regional member countries to improve economic and financial governance, through reforms in critical areas such as public financial management and business enabling environment, and will continue to support governance as a pillar of its Ten-Year Strategy for 2013-2022
The Bank and the Mo Ibrahim Foundation share a common belief that governance and strong leadership can transform Africa, and recognize the importance of measuring and tracking progress in governance. The Bank uses a number of tools to measure progress in governance, one of which is the Ibrahim Index of African Governance (IIAG). The IIAG is an annual assessment that reports on progress in governance and is composed of four main categories: safety and rule of law; participation and human rights; sustainable economic opportunity; and human development.
The target audience of this side event includes high-level decision makers (ministers, central bank governors, private sector players, civil society, and regional and international organisations).