The African Development Bank has emerged as a highly influential development institution on the continent Under Kaberuka’s leadership whose successful reign will end on 31st August. The president helped boost funding for large infrastructural projects, enhance transparency in the running of the bank, and oversee much-needed reforms. His predecessor will be expected to continue this upwards trend and measure to ensure the Bank’s 10-year strategy remains on track as well as address various pressing challenges. The process of decentralization, for example, has been criticized for being overly costly and inefficient, the disbursement of loans often remains a slow process, while the Bank will have to continue to work hard to remain at the forefront of Africa’s transformation.
As Donald Kaberuka’s 10-year stint at the helm of the African Development Bank (AfDB) draws to a close, all eyes are on the candidates vying to step into his size able shoes.
The eight candidates to be the next president of the AfDB will be interviewed by the Bank’s Board of Governors on 27th May and elected on 28th May. The nominees come from across the continent and between them have centuries of experience working in a wide array of development and financial institutions in both the private and public sector.
In order to learn more about the eight individuals that are in the running, African Business asked the candidates the same set of questions about what the future of AfDB would look like under their stewardship. Click on each candidates name for their answers.
Courtesy: African Business Magazine