Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Zimbabwe
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • African Development Bank (AFDB)
Status: Ongoing
Bank Risk Rating: U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-10-25
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: AFRICAN CAPACITY BUILDING FOUNDATION ACBF
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
  • Industry and Trade
  • Technical Cooperation
Investment Amount (USD): $ 9.76 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported UAC 7.00 million
Converted using 2016-10-25 exchange rate.
Project Cost (USD): $ 9.76 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported UAC 7.00 million
Converted using 2016-10-25 exchange rate.

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Primary Source

Original disclosure @ AFDB website
Updated in EWS: 2017-07-03
SUPPORT TO THE AFRICAN CAPACITY BUILDING FOUNDATION FOR SMTP III
AFDB-P-Z1-KF0-049

Project Description
The project focuses on capacity building of RMCs and regional institutions and is aimed at improving the ability of RMCs to sustain recent rapid economic growth, democratic gains and social stability even in periods of uncertainty, through sound policy formulation. The proposed operation has been elaborated as a response to priorities identified in the country and regional policies, strategies and action plans of the beneficiary RMCs. This project targets ll the ADF-eligible countries and will be financed from the Regional Public Goods (RPG) Envelope of the ADF to a tune of UA 7 million. The components of this project are more policy oriented and these are: Improving formulation and implementation of economic and financial policies for Africa's transformation and Improving intra-regional trade and Africa's Share in Global Trade.
Investment Description
Contact Information
ACCOUNTABILITY MECHANISM OF AfDB The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.