|In 2000 the African Development Bank (AfDB) and the World Bank signed a Memorandum of Understanding (MOU) outlining a Strategic Partnership between the two institutions. The MOU drew on extensive consultation, including the findings of a "Study on Strategic Partnerships between the World Bank and the African Development Bank" (July 1999), prepared by a team of independent experts commissioned by the AfDB and the World Bank.
As a result of an independent evaluation in 2002, the Strategic Partnership was revised to become more operational. After a high-level meeting in Tunis in December of 2003, the two institutions drafted a set of action plans that delineated their planned cooperation in a set of sectors/themes (capacity building, governance, harmonization, HIV/AIDS, infrastructure, regional integration, staff development and water) and countries (Benin, Burundi, DRC, Egypt, Ethiopia, Ghana, Madagascar, Mozambique, Sierra Leone and Uganda).
In addition, AfDB and the World Bank, in collaboration with the International Monetary Fund, have established the Joint Africa Institute (JAI). The JAI’s goal is to train 400 participants each year—drawn form the public sector in Africa as well as from academe and the staff of the two Banks—in a range of macro-economic and social issues.
Contact: Ousman Jah