Drawing up the AfDB's Long Term Strategy
Tag: AfDB, AfDB Strategy
Summary: It is invited comments and suggestions from all stakeholders on this forthcoming LTS. These insights and recommendations will be a critical input to the final strategy.
The African Development Bank Group (AfDB) is in the process of formulating a Long Term Strategy (LTS) to guide its operation in Africa for the ten-year period between 2013 and 2022. It is invited comments and suggestions from all stakeholders on this forthcoming LTS. These insights and recommendations will be a critical input to the final strategy.
The AfDB’s work is currently guided by its Medium Term Strategy covering the period from 2008 to 2012. The Bank is now preparing a 10-year LTS that will cover the period from 2013 to 2022. The LTS builds on the ambitious vision for Africa and the Bank, put forward in the 2008 High Level Panel Report. As highlighted below, the LTS comes at a time of profound change for Africa and the AfDB.
The LTS will take account of the key opportunities and challenges that will drive Africa’s development over the coming decade. It will capture Africa’s development ambitions and what Africans need to do to achieve them. It will also set out how the AfDB will support Africa’s transformation into a continent that is more prosperous, with markedly lower poverty levels and a more equitable distribution of economic and social opportunities including jobs and income.
The AfDB is currently consulting with a broad range of stakeholders on its LTS. This includes internal consultations with staff and the AfDBs Board of Directors. It also includes a series of sub-regional consultation meetings across and outside the continent with representatives of government, the private sector, civil society, academia, etc. A dialogue on the LTS with the AfDB Governors will be held during the Bank’s Annual Meetings in Arusha, Tanzania in May before the final LTS is prepared and adopted before the end of 2012.
We are seeking your inputs, in particular on the questions framed below. Please also check this page over the coming weeks as we will be adding links to a number of briefs to provide additional analysis and stimulate further debate.
Key drivers of change
There are a number of core drivers of change, internal and external that will play a critical role in defining Africa’s future. These include: population growth, rapid urbanisation and rising youth unemployment; increasing disparities in poverty levels in and between regional member countries; strong global demand for energy, mineral and agricultural commodities.
emerging South-South trade and investment; evolving political and economic governance; climate change and opportunities for green growth; the deployment of ICT across the continent; and the challenges in mobilising resources in an increasingly tight international fiscal environment. Each of these drivers presents both opportunities and challenges.
Strong, sustained growth will be a prerequisite for realising Africa’s potential. It must be private sector and civil society led. However, growth alone will not be sufficient, nor will it necessarily result in deep cuts to poverty levels and reduction of inequalities unless growth is broad-based and inclusive.