A Specialized Agency of the African Union

COVID-19 Corner                  Support Our Work

Home | What We Do | How We Do It | Grants | Projects Regions | Eastern Southern Africa | Ethiopia | The Horn Economic and Social Policy Institute (HESPI)

The Horn Economic and Social Policy Institute (HESPI)

  • Project Name:
    The Horn Economic and Social Policy Institute (HESPI)
    Institution :
    The Horn Economic and Social Policy Institute
    Strategic Pillar:
    Enhancing Critical Capacities for Transformational Change
    Project Region :
    Eastern & Southern Africa
    Country :
    Status :
    Grant Number :
    Grant Amount (USD):
    3 000 000
    Commitment Date:
    Closing Date:

    HESPI’s work in Somalia and South Sudan is to: (i) provide analytical work in both countries which has been instrumental in focusing the respective governments and their development partners on the importance of rebuilding financial integrity; (ii)Support the Transitional Federal Government of Somalia in drafting the first budget in two decades, and updating required fiscal legislation in 2009. As a result of HESPI’s comprehensive study and assessment of the financial sector in South Sudan, this provided an impetus of licensing of several private banks.


    Project Description:

    The specific objectives of the project are to: (1) Enhance capabilities of financial integrity institutions in South Sudan and Somalia (2) Improve policy formulation and management within the IGAD region and (3) Strengthen HESPI’s institutional and human capacity




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