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AfDB Board approves African Natural Resources Center Strategy for 2015-2020
On July 10, 2015, the Board of Directors of the African Development Bank approved the six-year Strategy of the African Natural Resources Center (ANRC). The Strategy is intended to operationalize the Center by spelling out the Center’s strategic approach to assisting governments in their management of the opportunities and challenges of natural resources management (NRM).
The Strategy proposes two pillars, namely: a) integrated natural resource development planning to protect the environment through sustainable development; and b) good governance of natural resources to support negotiations, local content and transparency through public participation.
In respect of the value chain, the focus of the Center’s work will be on upstream natural resources management. This means that the Center’s program will focus on the raw material stage that includes project development but excludes processing and post processing stages. From a governance perspective this embodies provision of advice on policies laws and institutional frameworks that regulate projects at the raw material stage including policies that tackle challenges relating to promoting vertical and horizontal linkages.
The Center’s core business will be to provide support to RMCs in natural resources policy design and policy dialogue. The desired outcomes are contribution towards transition to green growth through better governance of natural resources, enhanced economic impact on domestic economies and improved resources development planning resulting in containment of adverse social and environmental effects while maximizing the economic impact of NRM on the lives of citizens.
The Strategy outlines a programmatic approach that leverages complementarities with others. The Center will, thus, have an internal and external focus and will operate at country and regional levels. Internally, the Center will leverage the Bank’s brand, regional outreach and experience in delivering projects to deepen internal expertise on renewables policy matters while expanding knowledge on non-renewables.
Externally, the Center will assist RMCs and RECs to increase economic deliverables from resources exploitation by building institutional capacity, providing policy advice, offering strategic guidance on investment choices and delivering technical assistance on regulatory matters. To build capacity to deliver programs, the Center will partner with other institutions to jointly deliver support programs using the Center’s knowledge and advocacy tools.
The Strategy proposes an innovative governance and funding models, which combine different expertise across the Bank and among stakeholders, as well as and blend different sources of finance.