CEM REPORT | The African Development Bank has signed a protocol of agreement with the African Union to support reforms that will bolster the pan-African organization’s implementation of Agenda 2063, AfDB has said in a statement.
Monique Nsanzabaganwa, Deputy Chairperson of the African Union Commission, and Yacine Fal, the African Development Bank Group’s Acting Vice President for Regional Development, Integration and Business Delivery, on Monday signed the protocol of agreement for the African Union Institutional Capacity Building Project in Addis Ababa, Ethiopia.
The project is expected to bolster the AU’s efforts to implement Agenda 2063. Adopted in 2015, Agenda 2063 is the African Union’s vision for an integrated, prosperous, and peaceful Africa driven by its own citizens and representing a dynamic force in the global arena.
The project cost, amounting to $11.48 million, is being supported with a grant from the Bank Group’s concessional financing window. It was approved by the Board of Directors in February 2022. The signing of the protocol of agreement signals the start of the implementation phase of the project.
The project will upgrade and automate several AU systems, including those for information management, procurement and financial management, human resources and results management. It will also address gaps in the AU’s continental early warning system, a critical instrument in the prevention and management of conflicts and fragility across the continent.