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AfDB-Supported Projects in Zimbabwe

Following the signing of the Letter of Agreement (LOA) with AfDB, ACBF is managing the disbursement of funds of four projects to the Republic of Zimbabwe having a total grant amount of about US$30 million. The three projects with a total grant of US$28 million managed by the Project Management Unit (PMU) established under the Ministry of Finance and Economic Development are Capacity Building for Public Finance and Economic Management Project (CBPFEM), Youth and Tourism Enhancement Project (YTEP) and Governance and Institutional Strengthening Project (GISP). The fourth project with a total grant of US$1.9 million managed by the Parliament of Zimbabwe is called Strengthening Institutions of Transparency and Accountability (SITA). ACBF is supporting the projects through mechanisms to facilitate implementation and ensure conformity of agreed compliance procedures.

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