• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    Leader Profile: Donald Kaberuka, President of the AfDB

    Donald Kaberuka is the 7th elected President of the African Development Bank (AfDB) Group. He took office in September 2005.<br><br>The AfDB, created in 1964, was established to promote the economic development and social progress of forty-three regional member countries. The President of the AfDB serves for a five-year term. As President of the Bank Group, Donald chairs the Boar&#8230;

    By FWU Newsletter // 22 September 2005

    Donald Kaberuka is the 7th elected President of the African Development Bank (AfDB) Group. He took office in September 2005.

    The AfDB, created in 1964, was established to promote the economic development and social progress of forty-three regional member countries. The President of the AfDB serves for a five-year term. As President of the Bank Group, Donald chairs the Boards of the AfDB and the African Development Fund, the soft loan arm of the Group. In taking up office Donald said, "The ADB must strive to become a knowledge institution, a first point of call for economic development issues on the continent". He outlined his vision for the future development of the continent and highlighted the need to advance in crucial areas to create an economic enabling environment, political and economic stability, good governance, and combat corruption as well as the creation of a predictable policy environment. Moving African countries away from dependency on aid is another focus of the Bank's work. "Building our capacity to trade, reducing costs, risks of doing business in Africa as well as expanding our markets and attracting private investment are the only lasting solutions", he said.

    Donald Kaberuka aims to, working in coordination with partner organizations, find ways to limit the negative impact of external shocks such as oil price rises and believes that supporting the adjustment of African nations to a liberalized global market is essential for sustainable development. Forging stronger links with the African Union and its institutions is also on the agenda for Donald's coming term in office. This has particular relevance in relation to the AfDB's work in conflict-affected areas. "It will be essential to enhance the work of the Bank in the process of post conflict reconstruction and fragile states. In this way we will be reinforcing the efforts of the African Union in conflict resolution and making our continent safe for investment and creating stakeholders economies", he emphasized.

    A Rwandan national, Donald studied as an undergraduate at the University of Dar es Salaam in Tanzania before moving to the UK, where he gained an MPhil in Development Studies from East Anglia University and a PhD in Economics from Glasgow University. Donald worked in banking and finance for twelve years before joining the Rwandan Government as Minister for Finance and Economic Planning, where he is widely acknowledged as the principal architect of the successful post-war reconstruction and economic reform program. He has also worked as Governor for Rwanda at the World Bank, and in the International Monetary Fund (IMF) and the African Development Bank. He is fluent in English, French and Swahili.

    • Banking & Finance
    • Democracy, Human Rights & Governance
    • Institutional Development
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • FWU Newsletter

      FWU Newsletter

    Search for articles

    Related Stories

    Devex InvestedDevex Invested: The race to lead the African Development Bank heats up

    Devex Invested: The race to lead the African Development Bank heats up

    FinanceAfrican Development Bank presidential hopefuls outline competing visions

    African Development Bank presidential hopefuls outline competing visions

    FinanceInside the race to lead the African Development Bank

    Inside the race to lead the African Development Bank

    Devex NewswireDevex Newswire: Remittances outstrip ODA — but can they replace it?

    Devex Newswire: Remittances outstrip ODA — but can they replace it?

    Most Read

    • 1
      Lasting nutrition and food security needs new funding — and new systems
    • 2
      The power of diagnostics to improve mental health
    • 3
      The UN's changing of the guard
    • 4
      The top local employers in Europe
    • 5
      Opinion: Urgent action is needed to close the mobile gender gap
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement