On 26 June, the African Capacity Building Foundation (ACBF) opened its 23rd annual Board of Governors meeting on a high note with messages from the Chair of the Board of Governors, Dr. Ngozi Okonjo-Iweala Coordinating Minister of the Economy and Honorable Minister of Finance of the Federal Republic of Nigeria, Mr. Kithinji Kiragu, Vice Chair of the ACBF Executive Board and Prof. Emmanuel Nnadozie, Executive Secretary of the ACBF. The meeting was officially opened by the Minister of Planning of Senegal, Honorable Abdoulaye Balde, who reiterated Senegal’s commitment to mobilizing further resources for the Foundation in order to carry out its mandate as the pan African institution for capacity development on the continent.
To further interrogate the main theme of the meeting, Building capacity for Domestic Resource Mobilization, the programme included three high level dialogues focusing on the institutional and financing capacity building for domestic resource mobilization; building capacity to combat illicit flows if Africa. The third high level dialogues focused on the monitoring and evaluation of the implementation of the plan “Senegal Emergent” – Senegal’s national plan. The annual two day meeting addresses issues on the performance of the Foundation including updates on resource mobilization.
Delivering the message on behalf of the ACBF Board of Governors as Chair, Dr. Ngozi Okonjo-Iweala, highlighted that Africa needs capacities in the ever changing global environment and it is important that capacity development be kept on top of Africa’s development priorities. Mr. Kithinji Kiragu, underscored the need for ACBF over the short term to mobilize adequate resources for the implementation of the third ACBF strategic plan (SMTP III) and the fourth (SMTP IV), and over the medium term, to ensure sustainability and predictability of the financing of ACBF.
Prof. Emmanuel Nnadozie, ACBF Executive Secretary stated that Africa is ready for economic transformation. “African countries will need to ensure that they do not primarily rely on external financial resources for the implementation of their development plans. Foreign assistance should only come as a complement to domestic effort.” He was highlighting on the theme of the annual meeting on Building Capacity for Domestic Resource Mobilisation.
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