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ACBF contributes USD 24,4 million in grants to Senegal

26 Jun, 2014

The African Capacity Building Foundation is a major contributor towards financing projects in Africa in general, and Senegal in particular.

To date, ACBF has allocated  US$24,4 million (approximately 12 billion CFA Francs) to Senegal to support national and sub-regional projects, the  Senegalese Minister of Planning, Abdoulaye Baldé, stated in Dakar on Thursday. He was speaking at the occasion of the opening of the 23rd annual meeting of the African Capacity Building Foundation Board of Governors.  
According to the Senegalese official, US$4,6 million has been allocated to the Centre des Politiques d’Etudes pour le Développement (CEPOD) and US$1,8 million dollars to the Capacity Building Programme on Financial Accountability (PRECAREF).

“CEPOD’s goal is to provide, analysis, research and training aimed at further enhancing the capacity to formulate and manage economic and social policies”, explained Minister Abdoulaye Baldé. 
He added that PRECAREF’s “goal is to contribute towards improving economic governance in Senegal by supporting financial and budgetary transparency”.

According to Mr Baldé, his country has also benefitted from regional projects valued at US$18 million dollars, (9 billion CFA francs), disbursed to institutions based in Dakar. These include the Centre africain d’études supérieures en gestion (CESAG), the Council for the Development of Social Science Research in Africa (CODESRIA) as well as the Training Project on Macroeconomic Analysis spearheaded by the Central Bank of West African States (BCEAO).

The theme of the ACBF meeting in Dakar is “Building Capacity for Domestic Resource Mobilisation in Africa”.  
“It is fortunate that ACBF chose this theme at a time when numerous African countries are engaged in economic transformation programmes aimed at creating emerging economies (…)”, stated Senegal’s Minister of Planning, Abdoulaye Baldé, who was presiding over the opening ceremony.

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.

H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.

H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.

Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.

Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.

Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana