Board of Governors (BOG)

The Board of Governors comprises representatives of African governments and all donor countries to the ACBF as well as the World Bank, the African Development Bank, UNDP and the IMF. The Governors are usually Ministers of Finance and/or Economic Planning, Directors-General or Permanent Secretaries of core economic Ministries or Agencies. The Board of Governors is the highest policymaking body of the Foundation. Its main responsibility is to set the broad policies for the operation of the Foundation as well as the appointment of the independent members and chairperson of the Executive Board. Ordinarily, the Board of Governors meets annually. The Board of Governors has a Bureau of five members, which is elected annually.

Executive Board (EB)

The Executive Board is charged with responsibility for operational policies, guidelines and strategies. The Executive Board meets ordinarily twice a year and is composed of experts in the field of capacity building in ACBF’s core competency areas.  In addition to the Executive Secretary, who is an ex-officio member, the ACBF Executive Board is made up of 11 members: three representatives of the Sponsoring Agencies and eight independent members, five of whom are Africans.   The Executive Board operates with the support of two committees: Finance and Operations.  The Finance Committee examines financial matters, while the Operations Committee examines and provides guidance on projects, programs, knowledge management and other operational policy matters.