SUPPORT TO THE AFRICAN CAPACITY BUILDING FOUNDATION FOR SMTP III
- Reference: P-Z1-KF0-049
- Approval date: 25/10/2016
- Start date: 10/04/2017
- Appraisal Date: 30/09/2015
- Status: OngoingOnGo
- Implementing Agency: AFRICAN CAPACITY BUILDING FOUNDATION ACBF
- Location: ZIMBABWE
The project focuses on capacity building of RMCs and regional institutions and is aimed at improving the ability of RMCs to sustain recent rapid economic growth, democratic gains and social stability even in periods of uncertainty, through sound policy formulation. The proposed operation has been elaborated as a response to priorities identified in the country and regional policies, strategies and action plans of the beneficiary RMCs. This project targets ll the ADF-eligible countries and will be financed from the Regional Public Goods (RPG) Envelope of the ADF to a tune of UA 7 million. The components of this project are more policy oriented and these are: Improving formulation and implementation of economic and financial policies for Africa's transformation and Improving intra-regional trade and Africa's Share in Global Trade. A number of activities are envisaged under each component and to mention just a few these include; Improving macro-economic policy, modelling and forecasting at sub-regional level; Supporting the formulation of policy options for sub-regional economic analysis and financial governance reforms; Supporting skills and institutional development to address the gaps uncovered in financial governance, particularly in debt sustainability at country and regional levels; Supporting Implementation of the 2015 RECs Capacity Needs Assessment Findings; Support RMCs in the implementation of AGOA V (developing and disseminating lessons on Best practices on AGOA ); Developing and Disseminating ACR 2016; and Supporting RMCs to align National Capacity Assessment Plans with Agenda 2063.
The project focuses on capacity building of RMCs and regional institutions. It will contribute to improvements in a wide array of areas that are relevant to Africa's regional integration and participation in global trade. The project seeks to enhance human resource quality and availability, strengthen organizational arrangements and institutional policy-making, which are key for transforming African economies, for example through:
(i) an improved economic and financial governance policy formulation and implementation; and
(ii) an improved intra-regional trade and share of African economies in world trade. These areas are important to achievement of Bank Group's CDS and are well aligned to Bank Group's Long Term Strategy (2013 - 2022) for the continent's development, as well as the High Fives.
The project is grounded on the Guiding Principles and Pillar 2 of the CDS 2010-2014 (Strengthen Regional Member Countries' Capacity for Policy Dialogue on Key Development Issues), in which the Bank Group recognizes that no individual institution is in the position of providing capacity building support to the extent required by RMCs and RECs for undergoing the necessary transformations. Use of such institutions is to help build capacity more quickly, achieve greater impact on a larger target audience in a more cost-effective and cost-sharing manner than AfDB alone could achieve.
The project is also anchored on Pillar 2 of the 2015 Board-approved KMS (2015- 2020), which emphasizes "Policy dialogues and advisory services to RMCs". The KMS also calls for greater focus on regional research and capacity building institutions, such as ACBF, that produce knowledge-based regional public goods.
The project aims to strengthen regional integration, and is in line with Bank Group's Regional Integration Policy and Strategy (RIPoS 2014 - 2023) whose main objective is to foster regional and ultimately continental economic integration through increased effectiveness of Bank Group support to RMCs, the private sector and sub-regional and regional organisations. It therefore emphasizes harmonized policy, capacity building, and dissemination of good practices within RECs, increasing competitiveness and productivity, enlarging trade, pooling resources for investment and achieving economies of scale to promote industrialization. The project meets the eligibility criteria as a regional public good, such as non-rivalry, non-exclusivity and aggregation of contributions (Annex 4).
The project is aligned to the Bank's Human Capital Strategy for Africa 2014 - 2018 which has a vision of harnessing the potential of one billion Africans by building skills and promoting technologies for better jobs, equal opportunities and workforce competitiveness.
The project aims to result in improved formulation and implementation of economic and financial policies for Africa's transformation as well as improved intra-regional trade and Africa's Share in Global Trade
SEBUTSOE Nkoanyane Cornelius - RDGS4