The African Development Bank should expect at least a couple of reviews on its policies and operational efficiency.
That’s what Jaloul Ayed, Tunisia’s bet to replace outgoing AfDB President Donald Kaberuka, has set out to do if he wins the presidency at the multilateral institution. Among the reviews Ayed aims to implement have to do with the bank’s existing policies and procedures on risk management as well as those relating to treasury operations.
The experienced banker is also looking to design an impact evaluation mechanism that would allow the bank to choose which projects and initiatives to prioritize, looking at how closely those projects align with the bank’s objectives, and which ones will produce the most value for money. Ayed said a “fit for purpose” test will be applied on all bank initiatives, and that in evaluating projects, three aspects will be taken into account: expected financial returns, as well as social and environmental impact.