The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Tunis, 29 September 2010 - The Board of Directors of the African Development Bank (AfDB) Group on 29 September 2010 in Tunis, approved a proposal for a multi-donor Governance Trust Fund.
The Fund’s objective is to help the Bank’s regional member countries build capable and responsive states by strengthening transparency and accountability in the management of public resources.
The governments of Norway and Switzerland have confirmed their contribution to the Fund. Norway has pledged 6.4 million NOK (approx USD 1.113 million) while Switzerland pledged CHF 3 million (USD 2.99 million). The Fund resources will be untied.
Activities to be funded by the fund will focus on one or more of the following areas:
Governance is becoming a more prominent area of focus for many African countries and development partners. The Paris Declaration on Aid Effectiveness stresses good governance and anti-corruption as areas where more support to country efforts and coordination is needed in order to improve development impact.
Governance is one of the key priorities of AfDB operations in Africa, as stated in its 2008-2012 Medium-Term Strategy.