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The World Bank and Sub-Saharan Africa: The Next Policy Paradigm

Callisto Madavo
Date of publication: 

The World Bank policy in Africa has evolved over the past three decades, ushering a new era in door donor –relationship. The bank’s Structural Adjustment Programs (SAPs) in the 1980s, which were imposed on the developing world, including Africa, testified of its intrusive and domineering policy towards the continent. A “One size fits all” model of development programs was applied across the board regardless of African countries’ specificities, destroying the states’ capacities in the process. The disastrous effects of SAPs, particularly on the Sub-saharan Africa (SSA) countries, signaled the failure of the Bank’s policy in Africa. Africa’s leadership also shares part of the blame, as it bequeathed its governance responsibility to outsiders who set out policies and decided on the continent’s development agenda.

Development Memoirs
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