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2008-2012 - South Africa - Results-Based Country Strategy Paper Mid-Term Review and Update

20-Apr-2010

The Country Strategy Paper (CSP) for South Africa covering 2008– 2012 (ADB/BD/WP/208/12-Revised), dated February 2008, was approved by the Board of Directors on 9th April 2008. In approving the CSP, the Board provided guidance relating to the need to (i) further strengthen the objectives of the strategy with clear deliverables, (ii) focus more on areas where the Bank has comparative advantage, such as improved financial intermediation services for SMEs development, and (iii) ensure that the study on the impact of South Africa on its neighbours is conducted. The Board requested Management to submit an update of the CSP in twelve months, taking these issues into consideration. This document responds to the issues raised by the Board as presented in Chapter 5 on the Bank’s strategy for the remaining period of the CSP. The report also takes into account the strategic direction of the new administration elected into office in April 2009, as articulated in the Medium-Term Strategic Framework (MTSF), and the initial impacts of the global financial and economic crisis.

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