- 01/08/2017 - AfDB signs US$ 78 million grant agreements with Governments of Somalia and South Sudan to strengthen drought resilience and address chronic hunger and malnutrition
- 11/07/2017 - African Legal Support Facility adopts new medium-term strategy to enhance results
- 30/06/2017 - Souk At-tanmia builds capacity of 450 young entrepreneurs, public and civil actors in Tunisia
- 30/06/2017 - Stakeholders validate Abidjan-Lagos Highway Corridor trade facilitation needs assessment report
- 30/06/2017 - Indian Ocean Islands, East African countries collaborate to enhance responsible fisheries practices
An important element of the policy is that it elaborates on the poverty dimensions of the major themes articulated in the Vision, the Strategic Plan and the other Bank policy papers. It also takes into account lessons learnt in national poverty reduction efforts and the experience with international aid for social and economic development.
The main objective of the policy is to provide a framework for action by putting poverty reduction at the center of Bank support for its RMCs. This is especially the case with their efforts to prepare, implement, and evaluate their PRSPs as well as the achievement of MDGs.
Operationally, the policy underscores the importance of linking country programs with the PRSP process. As a result, new CSPs draw on the poverty diagnostics, sectoral priorities, cost estimates and outcome indicators specified in the PRSPs. Moreover, the preparation and implementation of CSPs entails greater reliance on national institutions, lending instruments such as Sector Wide Approaches (SWAPs) and as much as possible budgetary support.
The policy also ensures consistency of project cycle activities with the participation dimensions of PRSPs. This aspect is being implemented through the promotion of greater participation of CSOs in project identification, design, implementation and evaluation as well as support for PRSP-related poverty.