A Specialized Agency of the African Union

COVID-19 Corner                  Support Our Work

Home | Media | Press Release | ACBF annual meeting to address Building Capacity for Domestic Resource Mobilization in Africa

ACBF annual meeting to address Building Capacity for Domestic Resource Mobilization in Africa

23 Jun, 2014

The African Capacity Building Foundation (ACBF) will hold its 23rd annual Board of Governors Meeting in Dakar Senegal on 26-27 June.  The theme of the meeting is “Building Capacity for Domestic Resource Mobilisation”. At the top of the agenda will be the issue of mobilising resources to further promote capacity development in Africa.

To further strengthen the overall theme of the meeting, three high level dialogues will be held and they include, Building Institutional & Financing Capacity for Domestic Resource Mobilization and Building Capacity to Combat Illicit Financial Flows. The third high level dialogue will focus specifically on the host country, Senegal, on the Monitoring and Evaluation of the Implementation of the plan “Sénégal Emergent”

The high level dialogues are based on the premise that African countries have over the years become concerned with the illicit financial outflows from their countries to developed nations or tax havens.  This challenge is increasing, as the African countries try to improve and increase expenditure on education, skills development, infrastructure and promotion of technological progress and innovation. The dialogues will address the challenges, constraints and capacity development dimensions that African countries need to address.       

The ACBF Board of Governors constitutes Ministers of Finance and Economic Planning, and it is the highest governing body for the Foundation. Supporters of the Foundation since 1992 include, multilateral partners – the World Bank, African Development Bank, United Nations Development Programme and the International Monetary Fund.  Bilateral partners include Austria, Canada, Denmark, Finland, France, Greece, India, Ireland, The Netherlands, Norway, Sweden, United Kingdom and the United States of America. African Partners are Benin, Botswana, Burkina Faso, Burundi, Cape Verde, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Republic of Congo, Côte d’Ivoire, Djibouti, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia and Zimbabwe. 

The current chair of the ACBF Board of Governors is Dr Ngozi Okonjo-Iweala, Coordinating Minister of the Economy and Honourable Minister of Finance of the Federal Republic of Nigeria.  

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.

H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.

H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.

Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.

Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.

Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana