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
Donors generally recognized that by using country financial management systems, country ownership is enhanced and efforts at harmonization are facilitated. As a response to efforts by both donors and developing countries to increase the effectiveness of development assistance, the AfDB focuses on holistic approaches to addressing development issues.
Budget support loans provide funding intended to support agreed policy objectives, including reforms that result from policy changes. As a result, most budget support loans do not have a specific investment programme with a detailed cost schedule. However, in many cases the achievement of development goals envisaged under budget support loans depend entirely on the government making investments in a particular targeted sector. As a result, the programme is dependent on the government’s financial management system for the investment of funds to achieve the program goals.
The Bank encourages collaboration with other development partners in the assessment of the country environment. Collaboration may take the form of joint preparation of a diagnostic study with one or more development partners or member countries. The Bank often reviews and considers some of the following during preparation of a project or a programme: