Publication

This report summarizes the recommendations of a working group set up to advise Donald Kaberuka, who became president of the African Development Bank in September 2005 and the AfDB’s shareholders on the broad principles that should guide them as they continue the Bank’s renewal. The authors argue that the challenges the AfDB faces are framed by Africa’s context: historical low growth, exclusion from the global expansion in world trade and investment and a fragmented region of 53 mostly small economies. The paper concludes by giving recommendations which are based on the belief that the Bank’s first challenge is to rebuild its operational reputation.