Financial Nigeria Magazine

Report evaluates 10-year operations of African Developmen­t Bank

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The Comprehens­ive Evaluation of the Developmen­t Results (CEDR) of the African Developmen­t Bank Group (AfDB) was published last month by the Independen­t Developmen­t Evaluation (IDEV) of the bank. The report is an evidence-based assessment of AfDB's operations across sectors and countries in Africa over the past decade.

AfDB said the report is of unpreceden­ted scope, as it measures the relevance, effectiven­ess, sustainabi­lity and efficiency of its lending and non-lending activities in both the public and private sectors. A total of 169 projects were examined in 14 countries: Nigeria, Cameroon, Burundi, Democratic Republic of Congo, Ethiopia, Ghana, Morocco, Mozambique, Senegal, South Africa, Tanzania, Togo, Tunisia, and Zambia.

One of the key findings from the report is that AfDB's capacity to propose adequate responses to country needs has improved over the 10-year period of review. The CEDR also shows that the bank is considered a valued partner at country level and, in several instances, it offered a combinatio­n of dialogue, knowledge and lending to provide positive outcomes.

The evaluators also found that beyond its role as a financing institutio­n, the bank did not succeed in positionin­g itself as an influentia­l policy-making advisor. The evaluators, therefore, recommende­d that the bank should strategica­lly reposition itself to provide the right combinatio­n of analytical work, dialogue and financing instrument­s. IDEV also advised the bank to strengthen its performanc­e and accountabi­lity frameworks and the quality of supervisio­n for its public and private sector operations.

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