Posted by: africanpressorganization | 7 August 2008

Swaziland / The African Capacity Building Foundation (ACBF) grants us$1.8 million to the Kingdom of Swaziland

 


Swaziland / The African Capacity Building Foundation (ACBF) grants us$1.8 million to the Kingdom of Swaziland

 

MBABANE, Swaziland, 7 août 2008/African Press Organization (APO)/ — The African Capacity Building Foundation (ACBF) has provided a grant of US$1.8 million to the Kingdom of Swaziland for the establishment of the Swaziland Economic Policy Analysis and Research Centre (SEPARC). The establishment of SEPARC is in recognition of the need to improve economic governance in the Kingdom of Swaziland.

 

The Grant Agreement between the Kingdom of Swaziland and ACBF, which was signed in Harare, Zimbabwe, on 7 August 2008, will enable Swazi stakeholders – including the government, private sector and civil society – to address gaps in research and policy analysis in Swaziland. This semi-autonomous centre will play a major role in building sustainable national capacity to improve the quality of public policies in Swaziland.

 

Representing the Kingdom of Swaziland, Hon. Majozi Sithole, Minister of Finance, stated that, “as Swaziland, like other African countries, faces the challenges of HIV/AIDS, food and fuel prices, there is the need to formulate effective interventions and strategies for tackling and addressing the challenges. The ultimate aim of any capacity-building intervention is to raise the standard of living of our people. Corrective policy and economic management ensures that all stakeholders deliver and the establishment of a semi-autonomous policy centre is capacity building at its best.”

 

Signing on behalf of ACBF, Dr. Edwin. N. Forlemu, Executive Secretary a.i, stated that the establishment of SEPARC is a milestone in the relationship between ACBF and the Kingdom of Swaziland. “SEPARC represents a credible effort by the Government of Swaziland to promote and entrench evidence-based research and policymaking for sustainable economic growth and poverty reduction in the country”, he added.

 

Dr. Forlemu also thanked Swaziland through the Minister of Finance for its contribution of US$250 000 towards the Foundation’s Strategic Medium-Term Plan (2007-2011). He commented that this contribution is a reflection of the ownership of the Foundation by its member countries.

 

Total resources committed thus far by ACBF to various capacity-building interventions in Swaziland amount to US$5.4 million. Beneficiaries include: the Coordinating Assembly of Non-Governmental Organization (CANGO); the Alliance of Mayors’ Initiative on Community Action on AIDS at the Local Level (AMICAALL); and SEPARC.

 

ACBF is Africa’s premier capacity-building institution. Established in February 1991, it is the outcome of collaboration between African governments and the international donor community. Its mission is to build sustainable human and institutional capacity for sustainable growth, poverty reduction and good governance in Africa.

 

ACBF intervenes in six core competency areas – namely, economic policy analysis and management, financial management and accountability, strengthening and monitoring of national statistics, public administration and management, strengthening of the policy analysis capacity of national parliaments, and professionalization of the voices of the private sector and civil society. The Foundation is present in over 40 African countries in sub-Saharan Africa. It has committed close to US$390 million to capacity building since its inception.

 


The Foundation currently has 45 Full Members comprising four international development institutions (the African Development Bank, the United Nations Development Programme, the World Bank, and the International Monetary Fund) and forty-one countries (Benin, Botswana, Burkina Faso, Burundi, Cameroon, Canada, Central African Republic, Chad, Congo (Brazzaville), Congo (DRC), Côte d’Ivoire, Denmark, France Gabon, Ghana, Greece, India, Ireland, Kenya, Madagascar, Malawi, Mali, Mauritania, Mauritius, the Netherlands, Niger, Nigeria, Norway, Rwanda, Sao Tom é & Principe, Senegal, Sudan, Swaziland, Sweden, Tanzania, Uganda, the United Kingdom, the United States of America, Zambia and Zimbabwe). The African Union is an Honorary Member.

 

Based in Harare, Zimbabwe, ACBF has a three-tier governance structure comprising a Board of Governors (chaired by Mrs. Louise Clément of Canada), an Executive Board (chaired by Prof. Emmanuel Tumusiime-Mutebile, Governor of the Bank of Uganda), and a Secretariat (headed by Dr. Edwin N. Forlemu).

 

 

 

SOURCE : The African Capacity Building Foundation (ACBF)


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