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
The African Legal Support Facility (ALSF) and the KfW Development Bank on Tuesday signed a Memorandum of Understanding (MoU), which provides modalities for cooperation between them, including a € 5-million KfW grant to support ALSF activities.
The support is aimed at strengthening the institutional development of the ALSF. Further, with KfW’s support, the ALSF will undertake activities to facilitate the implementation of the Code of Conduct of the G7 CONNEX Initiative as a way of ensuring ethical, independent and high quality legal advice. The support also builds on the Memorandum of Understanding signed between the ALSF and GIZ in 2015.
Piet Kleffmann, KfW’s Head of Division, Governance and Natural Resources and Stephen Karangizi, Director of the ALSF signed the MoU. “We are excited about our partnership and recognize the value and role of the ALSF as an instrument for risk mitigation” said Piet Kleffmann. “The ALSF’s focus on operational activities will help it better respond to the needs of African governments” he noted.
The ALSF Director, Karangizi, thanked KfW for its support to the institutional development of the ALSF. “Strengthening institutional systems within the ALSF is important and through this partnership we will be in a better position to deliver on our mandate to African governments” he added.
Through the partnership, the ALSF will also strengthen its Monitoring and Evaluation (M&E) and reporting systems for documenting impact and results.
The signing ceremony took place on the sidelines of ALSF’s inaugural stakeholder forum in Abidjan Côte d’Ivoire.
The ALSF is an international public institution, hosted by the African Development Bank Group. Its mandate is to support African states by providing legal advisory services for vulture fund litigation and negotiating complex commercial transactions.