The 2018 Annual Meetings of the African Development Bank Group will be held on May 21-25, 2018 in Busan, Korea. Find out more
Financial Management is a process, having as its primary objective the optimization of financial and economic benefits from an investment. It ensures accountability and efficiency in the management of public resources by providing:
The objectives of the Bank’s financial management work are:
The Procurement and Fiduciary Services Department (ORPF) reports to the Vice President, Country and Regional Programs & Policy (ORVP). The Fiduciary Services Division (ORPF.2), the subject of this Retrospective Report, is responsible for all financial management and related issues. It has an increasing decentralised country presence anchored primarily by the regional resource centres, but covering all 54 countries.