AfDB and DBSA Sign MOU on Knowledge Partnerships
Tunis, Tunisia, 26 March 2010 – The African Development Bank (AfDB) Group and the Development Bank of Southern Africa (DBSA) on Thursday, 25 March 2010 in Tunis, signed a Knowledge Partnership Memorandum of Understanding (MOU) aimed at promoting research and capacity building institutions.
The MOU was signed by the AfDB Vice President in charge of Country and Regional Programs and Policy Operations Mr. Aloysius Ordu, and the DBSA Group Executive Manager for International Operations, Mr. Admassu Tadesse.
Speaking after the signing ceremony, Mr. Ordu expressed satisfaction with the Bank’s expanded cooperation with DBSA which has been particularly strong on private sector operation. “The MOU is well aligned with the AfDB’s Knowledge Management Strategy, and will add value to the work that both institutions are doing in this field” Mr. Ordu noted.
He further emphasized that collaboration by of both organizations will help promote research and capacity building institutions as well as support the AfDB’s operations not only across the continent but particularly in the Southern Africa region. On his part, Mr. Tadesse said the MOU would enable both sides to leverage the management and delivery of knowledge products that will make positive impacts on the continent’s development in general and in the southern Africa region in particular.
The AfDB Chief Economist complex is in the process of finalizing a proposal for the creation of a Knowledge Management Trust Fund with the objective of:
- Mobilizing, pooling and leveraging financial resources for Knowledge development, management and dissemination;
- Strengthening research capacity in the Bank.
The fund will also support activities of national and regional research institutions, universities, policy institutes and think-tanks in Regional Member Countries.
The AfDB is scaling up its knowledge management activities by strengthened research and analytical work with creation of the Chief Economist complex and other activities such as the Eminent Speakers forum on a regular basis. With donor support, the bank Group is delivering knowledge products, including the African Economic Outlook, among others. It is also strengthening the statistical capacity of regional member countries.
The Bank Group’s 2008-2012 Knowledge Management Strategy was approved by the Board in 2008. It aims at promoting synergies and collaboration between the operations and the Chief Economist’s complexes to enhance organizational performance and development effectiveness.
The strategy is designed to address the continent’s need, especially with regards to poverty reduction and equity; enhance the competitiveness and productivity of African economies; improve the quality of institutions and economic management. It is anchored on four Pillars:
- Strengthening the generation of knowledge;
- Leveraging knowledge through partnerships:
- Enhancing knowledge dissemination and sharing, and
- Enhancing the application of knowledge.