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The Medium Term Strategy – Progress and Challenges AfDB PARTNERSHIPS FORUM Hotel Ramada Plaza-Gammarth

The Medium Term Strategy – Progress and Challenges AfDB PARTNERSHIPS FORUM Hotel Ramada Plaza-Gammarth COBS/ORPC 24-25 March 2010. Outline of the Presentation. Policy Context of Bank Group Operations Responses to the Crises Addressing Climate Change

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The Medium Term Strategy – Progress and Challenges AfDB PARTNERSHIPS FORUM Hotel Ramada Plaza-Gammarth

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  1. The Medium Term Strategy – Progress and Challenges AfDB PARTNERSHIPS FORUM Hotel Ramada Plaza-Gammarth COBS/ORPC 24-25 March 2010

  2. Outline of the Presentation • Policy Context of Bank Group Operations • Responses to the Crises • Addressing Climate Change • MTS Achievements • Challenges and Outlook

  3. Policy Context of Bank Group Operations (1/2) ■ Africa grew by over 6% per year in the past decade…prospects for reaching MDGs improved ■ Structural and Macroeconomic Reforms were key ■ FDI increased tenfold to about USD 70bn and remittances fourfold to USD 40bn. ■ Social Policy Reforms including Universal Primary Education and better health care

  4. Policy Context of Bank Group Operations (2/2) ■ Global financial and food crises exacerbated Africa’s needs… FDI and remittances declined by over USD 10bn in 2009 alone. ■ Plans to access capital markets through international bond issues were abandoned ■ Investors in Africa’s emerging Stocks Exchanges “flew to safety”

  5. Responses to the Crises ■ Frontloading ADF Resources … over 80% of ADF resources committed by December 2009 ■ Portfolio Restructuring and Reprogramming…. Priority was given to areas affected by the financial crisis ■ Emergency Liquidity Facility (ELF) ■ Trade Finance Initiative (TFI)

  6. Addressing Climate Change ■ Response to Climate Change Inbuilt in MTS - Dedicated Unit - Bank as spokesperson for RMCs - Safeguards - Mitigation/Adaptation Strategies - Advisory Services - Climate Proofing

  7. MTS Achievements (1/6) ►High Level Panel Report - 2007 ☼ The VISION: ■ AfDB Preferred Partner in Africa The Strategic Framework in 5 Areas 1Operational Selectivity 2 Results and Performance 3 Decentralization 4Streamlined Internal Processes 5Staffing, Knowledge, Financials, and Partnerships as Foundation

  8. MTS Achievements (2/6) Sector focus Special applicability to… Cross-cutting • Infrastructure • Governance • Private Sector • Higher Education • Regional Integration • Fragile States • MICs • Agriculture • Gender • Environment • Climate Change • KnowledgeManagement ● Core Priorities Set Out in MTS

  9. Others (incl. Higher Education) Governance (Programmatic Lending) 22% 10% Infrastructure (Sovereign) Private Sector (32%) 36% MTS Achievements (3/6) ► FOCUS ON PRIORITIES MAINTAINED (End 2009)

  10. MTS Achievements (4/6) ► IMPROVING DELIVERY CAPACITY ● Decentralisation - Decentralisation Strategy - Enhanced Country Dialogue and Portfolio Management ● Operations Business Processes - Creation of COO, SMCC and OPSCOM - Greater Strategic Alignment and Delivery ● Human Resources - Increased recruitment ● Budget Reforms - Strengthened link between priorities and resource allocations

  11. MTS Achievements (5/6) Strategy Drives Resource Allocation AfDB approved Work Programmes & Outputs AfDB Resources & Budget 2011-2013  AfDB MTS Key Performance Indicators Alignment Process

  12. MTS Achievements (6/6) ►Expanded Operations Bank Group Lending  More than 100% increase b/w 2006 to 2009 ► Problematic Projects  Dramatic Reductions since 2006

  13. Challenges and Outlook (1/2) ► High Risk environment with limited resources ► Increased demand for funds from RMCs ► Capacity for delivery and corporate business efficiency ►Strategic Alignment ■ MTS is undergoing a Mid-Term review: ►Ensure the adequacy of the Bank’s strategic framework for the remainder of the MTS period....confirm/revise targets and projections

  14. Challenges and Outlook (2/2) The Bank is demonstrating progressive achievements towards its vision in 2012 in three key areas: ► Growth Increases in lending, staffing and advanced stages for GCI and ADF replenishments ► Responsiveness Quick action prevented the financial crisis from becoming a development crisis by acting in a countercyclical way to liquidity availability as well as the accelerated resource transfer and policy support ► Relevance Aligning the Bank’s current priorities with those of RMCs lays foundation for recovery on the continent once global recovery sets in

  15. THANK YOU

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