Lagos,Nigeria
Friday, March 29th, 2024

Search
Search
Close this search box.

AfDB to Improve Performance, Development Impact Under New Development and Business Delivery Model

No comment
Tuesday, June 28th, 2016
No comment

The African Development Bank is formally launched on a new path to deliver development impact for the people of Africa. On Friday, April 22, 2016, it reached a major milestone, with the approval by the Bank’s Board of Directors of the institution’s new Development and Business Delivery Model (DBDM). On Wednesday June 22, 2016, the Board went a step further by approving the updated Decentralization Action Plan in line with the DBDM.

At its core, the DBDM aims to streamline business processes to improve efficiency, improve financial performance and increase development impact, and move the Bank’s operations much closer to its clients so as to improve delivery. It will be rolled out in phases over the period 2016-2018, and is closely aligned with the Bank’s Ten Year Strategy and its five scaled-up core development priorities for the continent, namely the High 5s – Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa and Improve the Quality of life of the People of Africa.

The new Development and Business Delivery Model is built on achieving five foundations within the Bank — Move closer to clients to enhance delivery, Reconfigure HQ to support the regions to deliver better outcomes, Strengthen the performance culture to attract and maintain talent, Streamline business processes to promote efficiency and effectiveness, and Improve financial performance and increase development impact – in order to deliver the High 5s. Under the DBDM, three sector complexes, led by Vice-Presidents, will be created to oversee the implementation of the High 5s, one Chief Economist Complex to provide leadership on macroeconomic management, Governance and countercyclical budget support, and a Regional Development, Integration and Business Delivery Complex whose mandate is to oversee the work of the five regional hubs.

The new Power, Energy and Green Growth sector complex will deliver the “Light up and power Africa” priority. The new Agriculture, Human and Social Development Complex sector complex will work to “Feed Africa” and “Improve the quality of life for the people of Africa”. A slightly adjusted Private Sector, Infrastructure and Industrialisation complex will focus on “Industrialise Africa”. The “Integrate Africa” High 5 priority will be driven by the regional development, integration and business delivery hubs.

“We should not just aspire to be like others. Must become more innovative, leverage our brand, our balance sheets, our strategic position as trusted partner for Africa, and work in strong partnerships with others to deliver greater developmental impacts for Africa.”

Leave a Reply

Your email address will not be published. Required fields are marked *