Centurion, South Africa – 19 April 2018 – The African Peer Review Mechanism (APRM) and the African Development Bank (AfDB) signed a Grant Agreement for the APRM Institutional Support Project. This is in line with the fact that prudent political, economic and corporate governance, underpin the work of the APRM and the AfDB to accelerate structural transformation in Africa.

Present at the signing were the Chief Executive Officer of the APRM, Prof Eddy Maloka; Ms Mary Agbebaku-Izobo, Legal Officer of the APRM; Mr Joseph Coompson, Officer in Charge, Southern Africa Regional Development and Business Delivery Office (RDGS) of the AfDB; Ms Evelynne Change, Chief Governance Officer of the AfDB and Mr Baboucarr Koma, Principal Private Sector Development and Task Manager of the project, AfDB.

The aim of the Grant Agreement is to support the APRM in its effort to consolidate and improve the quality of governance in Africa by disseminating lessons learned and best practices as well as rectifying underlying deficiencies in governance in Africa.

In addition, the Grant Agreement will specifically enhance the effectiveness of the APRM by streamlining review methodologies, processes, improving knowledge management as well as strengthening the institutional capacity of the Mechanism.

The official launch of the Grant Agreement will take place in Nouakchott, Mauritania, during the forthcoming APR Forum Summit of Heads of States and Governments in July 2018.