DOCSLIB.ORG

Annual Report 2012 Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2012 Contents 2012 ANNUAL REPORT ANNUAL 2012 ANNUAL REPORT REGIONAL AND NON-reGIONAL MemBer COUNtrIES ALGERIA ARGENTINA ANGOLA AUSTRIA BENIN BELGIUM BOTSWANA BRAZIL BURKINA FASO CANADA BURUNDI CHINA CAMEROON DENMARK CAPE VERDE FINLAND CENTRAL AFRICAN REPUBLIC FRANCE CHAD GERMANY COMOROS INDIA CONGO ITALY CONGO, DEMOCRATIC REPUPLIC OF JAPAN COTE D’IVOIRE KUWAIT DJIBOUTI NETHERLANDS, The EGYPT NORWAY EQUATORIAL GUINEA PORTUGAL ERITREA SAUDI ARABIA ETHIOPIA SOUTH KOREA GABON SPAIN GAMBIA, The SWEDEN GHANA SWITZERLAND GUINEA UNITED ARAB EMIRATES (member of the ADF only) GUINEA BISSAU UNITED KINGDOM KENYA UNITED STATES OF AMERICA LESOTHO LIBERIA LIBYA MADAGASCAR MALAWI MALI MAURITANIA MAURITIUS MOROCCO MOZAMBIQUE NAMIBIA NIGER NIGERIA RWANDA SAO TOME and PRINCIPE SENEGAL SEYCHELLES SIERRA LEONE SOMALIA SOUTH AFRICA SUDAN SWAZILAND TANZANIA TOGO TUNISIA UGANDA ZAMBIA ZIMBABWE AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND BOARDS OF GOVERNORS ADB ADF Forty-Eighth Thirty-Ninth Annual Meeting Annual Meeting Marrakech, Morocco May 27-31, 2013 REPORT by the Boards of Directors of the African Development Bank and the African Development Fund Covering the period January 1 to December 31, 2012 ADB-ADF/BG/AR/2012 Acknowledgments This Annual Report was prepared by the Department of Development Research of the Chief Economist Complex, under the overall guidance of the Boards of Directors, and the direct supervision of the Board Committee, comprising: F. Kruger, Chairperson; S. Yahaya, Vice Chairperson; Members W.C. Jones; E.M. Khalid; M. Mahroug; and M.C. Muduuli. Annual Report Team: M. Ncube, Chief Economist and Vice President; S. Kayizzi-Mugerwa, Director; B. Barungi, J. Anyanwu, R. Bangurah, J. Kone, Development Research Department; B. Kokil, Manager, Economic and Social Statistics Division; F. Lawson; P. Lartey and L. Kouakou, Statistics Department; F. Ndukwe (Consultant); A.Portella (Consultant); R. Wicks (Consultant/ English Editor); P. de Castelnau (Consultant). French Translation and Editing Team: J. Edjangue, Manager, French Translation Division; M. Ndagijimana and C. Djocgoué, Language Services Department. Finance Team: A. Odukomaiya, Director, Financial Control Department; N. Ngwenya, Manager, Accounts and Special Funds Division; M. Derbel, S. Oppong and Y. Soga, Financial Control Department. The Annual Report Team acknowledges the contribution and support from the Senior Management Coordinating Committee during the Report’s preparation. It also acknowledges comments and contributions from Departments and Organizational Units in the various Complexes of the Bank. Design Cover and Photographs: External Relations and Communications Unit. Designations in this publication neither suggest nor imply any opinion on the part of the African Development Bank Group concerning the legal status of any country or territory, or the delimitation of its frontiers. Department of Development Research African Development Bank Temporary Relocation Agency (TRA) BP 323, 1002 Tunis Belvédère Tunis, TUNISIA Tel: (216) 71 10 21 75 Fax: (216) 71 83 24 09 Website: http://www.afdb.org Cover illustration: Key Drivers of Economic Transformation Design/Layout and Printing by PhoenixDesignAid ISO 14001 certified and EMAS-approved ii Annual Report 2012 Contents Fast Facts v Letter of vi Transmittal The President and the Executive Directors vii Composition of viii the Boards of Directors Message from ix the President Executive Summary x Part I Structural Transformation of Africa’s Economies 1 Chapter 1 Africa’s Socio-Economic Performance 3 1.1 Africa’s Recent Performance 4 1.2 Africa’s Economic Prospects 6 1.3 Africa’s Progress Towards Achieving Millennium Development Goals 7 Chapter 2 Towards the Structural Transformation of Africa’s Economies 9 2.1 Challenges and Opportunities 10 2.2 Africa’s Economic Transformation: Three Key Principles 10 2.3 Key Drivers of Economic Transformation 11 2.4 Strategies for Africa’s Economic Transformation 14 Chapter 3 The Bank’s Response to the Challenges of Economic Transformation 15 3.1 The Bank’s Ten-Year Strategy 16 3.2 Specific Initiatives Targeted at Enabling Economic Transformation 17 3.3 The Bank as a Knowledge Broker 17 Part II Bank Operations, Effectiveness and Governance 19 Chapter 4 Bank Group Operations 21 4.1 Overview of Bank Group Operations 22 4.2 Bank Group Operations by Window 24 4.3 Bank Group Operations by Sub-region 27 4.4 Bank Group Operations by Priority and Areas of Special Emphasis 29 Chapter 5 Institutional Reforms and Corporate Management 37 5.1 Policies and Strategies 38 5.2 Development Effectiveness and Quality Assurance 39 5.3 ADF-12 Mid-term Review 43 5.4 Operations Evaluation 44 5.5 Institutional Reforms 44 5.6 Audit, Ethics and Integrity Functions 45 5.7 Deployment of Human Resources 46 Chapter 6 Oversight Functions and Activities of the Board 49 6.1 Boards of Governors 50 6.2 Boards of Directors 50 Annual Report 2012 iii Part III Financial Management and Financial Statements 53 Chapter 7 ADB, ADF, and NTF Financial Management and Financial Statements 55 African Development 59 Bank African Development 151 Fund Nigeria Trust 185 Fund Annexes 215 Appendices 229 Index 242 iv Annual Report 2012 Fast Facts African Development Bank Group Constituent Institutions The African Development Bank (ADB) The African Development Fund (ADF) The Nigeria Trust Fund (NTF) Shareholders 53 African countries (regional member countries) 24 non-African countries (non-regional member countries) Mission To promote sustainable economic growth and reduce poverty in Africa Authorized Capital UA 66.98 billion as of December 31, 2012 (ADB) Subscribed Capital UA 65.22 billion as of December 31, 2012 (ADB) Paid-up Capital UA 4.96 billion as of December 31, 2012 (ADB) Callable capital UA 60.25 billion as of December 31, 2012 (ADB) Total reserves UA 2.67 billion as of December 31, 2012 (ADB) Approved Operations, 2012 199 operations totalling UA 4.25 billion, financed as follows: ADB: UA 2.08 billion ADF: UA 1.89 billion NTF: UA 14.1 million Special Funds*: UA 269.0 million Of which: Loans UA 2.98 billion (55 operations) Grants UA 623.0 million (80 operations) HIPC UA 248.0 million (5 operations) Equity Participation UA 133.9 million (9 operations) Special Funds* UA 269.0 million (50 operations) Sector Approvals, 2012 Infrastructure: UA 1.76 billion (48.9 percent of total loans and grants) Social: UA 525.3 million (14.6 percent) Multisector: UA 505.4 million (14.0 percent ) Finance: UA 402.8 million (11.2 percent) Agriculture and Rural Development: UA 308.1 million (8.6 percent) Industry, Mining and Quarrying: UA 97.7 million (2.7 percent) Total Cumulative Loan and 3,796 loans and grants totalling UA 63.66 billion Grant Approvals, 1967–2012 * Special Funds: These are the approvals for the operations of the African Water Facility, the Rural Water Supply and Sanitation Initiative, the Global Environment Facility, the Global Agriculture and Food Security program, the Climate Investment Fund, the Congo Basin Forest Fund, the Fund for African Private Sector Assistance, the Microfinance Capacity Building Fund, and the Governance Trust Fund. Annual Report 2012 v African Development Bank Group TEMPORARY RELOCATION AGENCY 15, Avenue du Ghana Angle des rues Pierre de Coubertin et Hedi Nouira BP 323 1002 Tunis Belvédère TUNISIA Telephone: (216) 71 333 511 Fax: (216) 71 351 933 April 16, 2013 The Chairperson Boards of Governors African Development Bank African Development Fund Dear Mr. Chairperson: In accordance with Article 32 of the Agreement Establishing the African Development Bank and Articles 8, 11 and 12 of the General Regulations made thereunder, and pursuant to Article 26 of the Agreement Establishing the African Development Fund and Articles 8, 11 and 12 of the General Regulations made thereunder, I have the honor, on behalf of the Boards of Directors of the Bank and of the Fund, to submit the audited financial statements of the two institutions for the financial year ended December 31, 2012. This joint report includes the administrative budgets for the period commencing January 1, 2013 and ending December 31, 2013, as approved by the Boards of Directors, as well as a review of developments in the African economy and in the operational activities of the Bank Group during 2012. Please accept, Mr. Chairperson, the assurances of my highest consideration. Donald Kaberuka President of the African Development Bank Group and Chairperson of the Boards of Directors vi Annual Report 2012 The President and the Executive Directors African Development Bank Group © African Development Bank Development © African First row from left to right: Mr. Elfatih Mohamed KHALID (Sudan); Ms. Mary Consolate MUDUULI (Uganda); Mr. Mohit DHOORUNDHUR (Mauritius); Mr. Donald KABERUKA (President of the Bank Group and Chairperson of the Boards of Directors); Mr. Hau Sing TSE (Canada); Ms. Margit THOMSEN (Denmark); Mr. Amadou KONE (Côte d’Ivoire); Mr. Vincenzo ZEZZA (Italy). Second row from left to right: Mr. Abdelhak BENALLEGUE (Algeria); Mr. Mampuya F. Pedro TOMBWELE (Angola); Mr. Walter Crawford JONES (United States); Mr. Shehu YAHAYA (Nigeria); Mr. Moegamat Shahid KHAN (South Africa). Third row from left to right: Mr. Mamadou Abdoulaye SOW (Senegal); Mr. Mohamed Samy ZAGHLOUL (Egypt); Mr. Emmanuel NGOY-THA (Central African Republic); Mr. Masahiro KAN (Japan); Mr. François KRUGER (France); Mr. Abdul-Magid GADAD (Libya). Fourth row from left to right: Mr. Mohamed MAHROUG (Dean of Board Members—Morocco); Mr. Christoph KOHLMEYER (Germany). Annual Report 2012 vii Composition of the Boards of Directors as of December 31, 2012 The Board of Directors of the African Development Bank Chairperson: Donald KABERUKA Executive Directors Alternate Executive Directors Abdelhak BENALLEGUE (Algeria) Paulo Alfredo MENDES (Guinea Bissau) Mohit DHOORUNDHUR (Mauritius) Petronella M. N. MWANGALA (Zambia) Abdul-Magid GADAD (Libya) Mohamed O. H. KHATTAR (Mauritania) Walter Crawford JONES (USA) Vacant Masahiro KAN (Japan) Carlos R. BOLO BOLANO (Argentina) Elfatih M. KHALID (Sudan) Alieu Momoudou NGUM (The Gambia) Moegamat Shahid KHAN (South Africa) Motena Ernestine TSOLO (Lesotho) Christoph KOHLMEYER (Germany) Vacant Amadou KONE (Côte d’Ivoire) Bernardo ABAGA N.
Load more

Recommended publications
  • Annual Report 2010 Investment Facility Investment
    Investment Facility Report 2010 Annual Report 2010 Investment Facility Investment European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank African, Caribbean and Pacific Countries (ACPs) Annual ReportAnnual 2010 Overseas Countries and Territories (OCTs) Investment Facility ACP-EU Cotonou Partnership Agreement OCT-EU Overseas Association Decision EIB Operations © EIB – 05/2011 – EN QH-AG-11-001-EN-C ISSN 1725-924X Annual Report 2010 117 Investment Facility 10. EIB addresses European Investment Bank 98-100, boulevard Konrad Adenauer 3 (+352) 43 79 1 L-2950 Luxembourg 5 (+352) 43 77 04 www.eib.org/acp – U [email protected] ACP and OCT External Regional Offices Caribbean/Fort-de-France 1, boulevard du Général de Gaulle 3 (+596) 596 74 73 10 F-97200 Fort-de-France 5 (+596) 596 56 18 33 Central and East Africa/Nairobi Africa Re Centre, 5th Floor, 3 (+254-20) 273 52 60 Hospital Road, PO Box 40193 5 (+254-20) 271 32 78 KE-00100 Nairobi Pacific/Sydney Level 32, ABN AMRO Tower 3 (+61-2) 82 11 05 36 88 Phillip Street 5 (+61-2) 82 11 05 38 Sydney NSW 2000 Australia Southern Africa and Indian Ocean/Tshwane (Pretoria) 5, Greenpark Estate 3 (+27-12) 425 04 60 27, George Storrar Drive 5 (+27-12) 425 04 70 Groenkloof 0181, Tshwane Pretoria South Africa West Africa and Sahel/Dakar 3, rue du Docteur Roux 3 (+221) 33 889 43 00 BP 6935 Dakar-Plateau 5 (+221) 33 842 97 12 Senegal While material appearing in this report may be freely reproduced, the EIB would appreciate an acknowledgement and press clipping.
    [Show full text]
  • Accessbank Liberia Limited
    ACCESSBANK LIBERIA LIMITED Independent Auditors’ Report and Financial Statements For the Year Ended December 31, 2015 Assurance | Tax | Advisory Our Shared Values Assurance | Tax | Advisory BAKER TILLY VALUES 1. We lead by example. The Baker Tilly International Mission Statement 2. We deliver a quality service with an emphasis on integrity. To operate a network whose members deliver, with integrity and objectivity, superior independent 3. We are open and honest in all audit, accounting, tax and financial communications. services to clients through global resources and relationships. 4. We act ethically. 5. We foster teamwork and collaboration with other Baker Tilly member firms. 6. We maintain a supportive environment in which our individuals can flourish AccessBank Liberia Limited Independent Auditors’ Report and Financial Statements For the Year ended December 31, 2015 Contents Page(s) Corporate Information 1 Directors’ Report 2 Independent Auditors’ Report 3-4 Statement of Financial Position 5 Statement of Comprehensive Income 6 Statement of Changes in Equity 7 Statement of Cash Flows 8 Notes to the Financial Statements 9-42 Supplementary Report - USD 44-64 AccessBank Liberia Limited Independent Auditors’ Report and Financial Statements For the Year ended December 31, 2015 CORPORATE INFORMATION Directors : Mr. Bernd Zattler Chairman Mr. Patrick Thomas Director Mr. Kyle Lackner Director Mr. Dusko Dimitrov Acting CEO Mr. Monojeet Pal Director Mr. Geegbae A. Geegbae Director Mr. Duannah Kamara Director Acting Managing Director: Dusko Dimitrov Register Office : AccessBank Liberia Limited 20th Street, Sinkor Monrovia Auditor : Baker Tilly Liberia Limited (Certified Public Accountants) Kings Plaza 2nd -4th Floors P.O. Box 10-0011 1000 Monrovia 10, Liberia Company Secretary : Atty.
    [Show full text]
  • JANUARY 1, 2008 to DECEMBER 31, 2008 I
    JANUARY 1, 2008 TO DECEMBER 31, 2008 i CENTRAL BANK OF LIBERIA Office of the Executive Governor January 27, 2009 Honorable Members of The Legislature Capitol Building Capitol Hill Monrovia, Liberia Honorable Ladies and Gentlemen: In accordance with part XI Section 49(1) of the Central Bank of Liberia (CBL) Act, 1999, I have the honor on behalf of the Board of Governors and Management of the Bank to submit, herewith, the Annual Report of the Central Bank of Liberia to the Government of Liberia and the Legislature for the period January 1 to December 31, 2008. i P.O. BOX 2048, cnr WARREN ‘n CAREY ST’s, MONROVIA, LIBERIA TEL.:MISSION (231) 226-991, AND FAX: (231) OBJECTIVES 226-144, TELEX: 44215 MISSION STATEMENT The Central Bank of Liberia was cr eated by an Act of the National Legislature in 1999 as a functionally independent institution which seeks to carry out its statutory responsibility in the public interest. It is to contribute to the sound economic and financial well-being of the country. OBJECTIVES The Bank seeks to achieve this mission by devising and pursuing policies designed to: • Promote, achieve and maintain price stability in the Liberian economy; • Maintain constant regulatory survei llance and effective prudential controls over the domestic bank ing sector, while encouraging competition, improved financial servic es and accessibility for the benefit of the public; • Encourage the mobilization of dome stic and foreign savings and their efficient allocation for productive economic activities to engender sustained economic growth and development; • Promote macroeconomic stability; internal and external equilibrium in the national economy; Facilitate the creation of financial and capital markets that are capable of • responding to the needs of the national economy; and • Foster monetary, credit and financia l conditions conducive to orderly, balanced and sustained economic growth and development.
    [Show full text]
  • Microfinance
    IFC’s Approach How to Contact Us Direct Investment advisory global/Washington DC Middle east & north africa • Establish new commercial microfi nance institutions • Provide management, training, and technical support to Mengistu alemayehu Deepak Khanna • Transform non-governmental organizations into regulated, start-up microfi nance banks in frontier countries Tel: +1 (202) 473-5337 Tel: 971-4-360-1006 Email: [email protected] Email: [email protected] commercially viable microfi nance institutions • Provide capacity building assistance to support the com- mercialization of existing microfi nance institutions Martin Holtmann africa • Provide support to NGOs in underserved regions Tel: +1 (202) 458-5348 • Support the implementation of innovative solutions that Email: [email protected] Tor F. Jansson • Work with commercial banks seeking to downscale opera- Tel: 27-11-731-3176 expand access to fi nance for underserved communities, for tions into microfi nance or expand into banking for small Mark P. Berryman Email: [email protected] and medium-size enterprises example, mobile banking and small deposit mobilization Tel: +1 (202) 458-7613 Email: [email protected] South asia • Partner with organizations such as CGAP and the World Microfi nance • Launch innovative products, for example, local currency Swapnil neeraj lending to microfi nance institutions protecting them from Bank to develop policy and fi nancial infrastructure, for advisory services: Tel: 91-22-42302435 asset liability mismatches example, microfi nance credit reporting Makanda Kioko
    [Show full text]
  • Treasury International Programs Justification for Appropriations
    TREASURY INTERNATIONAL PROGRAMS JUSTIFICATION FOR APPROPRIATIONS FY2010 BUDGET REQUEST U.S. DEPARTMENT OF THE TREASURY TREASURY INTERNATIONAL PROGRAMS TREASURY INTERNATIONAL PROGRAMS TREASURY INTERNATIONAL PROGRAMS Justification for Appropriations FY 2010 Budget Request TABLE OF CONTENTS Section 1: Introduction Letter Introducing Treasury’s International Programs Budget Request . v Section 2: FY 2010 Budget Request Summary Table 1: Appropriations and Requests FY 2008–FY 2010 . 1. Summary Table 2: Arrears FY 2001–FY 2009 . 2. Section 3: U .S . Support for the Multilateral Development Banks Overview . 3. • Highlights of Our Request . 4. OF CONTENTS TABLE The Impact of the Crisis . 6. Advancing U .S . Foreign Policy Priorities . 1. 1 Advancing U .S . Efforts to Support the Environment . 1. 2 The MDB Management and Governance Agenda . 1. 3 Section 4: Support for Debt Restructuring Programs Enhanced Heavily Indebted Poor Countries (HIPC) Initiative . 1. 7 Tropical Forest Conservation Act (TFCA) . 2. 1 Section 5: Support for Treasury Technical Assistance Programs Program Mandate . 2. 4 FY 2008 Successes . 2. 5 Annex A: MDB Fact Sheets World Bank Group International Development Association (IDA) . 2. 7 International Bank for Reconstruction and Development (IBRD) . 29. TABLE OF CONTENTS i TREASURY INTERNATIONAL PROGRAMS TREASURY INTERNATIONAL PROGRAMS The Multilateral Investment Guarantee Agency (MIGA) . 31. International Finance Corporation (IFC) . 3. 3 Global Environment Facility (GEF) . 3. 5 Climate Investment Funds (CIF) . 3. 7 Inter-American Development Bank Group Inter-American Development Bank (IDB) and the Fund for Special Operations (FSO) . 39 Multilateral Investment Fund (MIF) . 4. 1 The Inter-American Investment Corporation (IIC) . 4. 3 Asian Development Bank Group Asian Development Bank (AsDB) .
    [Show full text]
  • Prospects for Islamic Microfinance Under the Existing Legal and Regulatory Framework in Liberia
    28 (2) 2020 IIUMLJ 597 - 620 PROSPECTS FOR ISLAMIC MICROFINANCE UNDER THE EXISTING LEGAL AND REGULATORY FRAMEWORK IN LIBERIA Ibrahim Fofana ABSTRACT There is no specific regulation or legislative framework for Islamic microfinance operations in Liberia. This is largely due to the non- application of Islamic laws in the country, despite the increasing economic strength of Muslims in the country. This article aims to examine whether the existing laws in Liberia permit the establishment and operation of Islamic microfinance. The research employed a qualitative analytical approach, which examines legal and regulatory framework for the microfinance sector in Liberia. The materials and data which include related laws were collected, and analysed inductively to suit the needs of the research. This article argues that, the existing laws including the Liberian constitution and other relevant financial regulations such as, the Central Bank of Liberia Act of 1999, the New Financial Institutions Act of 1999 and the Microfinance Policy and Regulatory & Supervisory Framework for Liberia (MPRSFL) have no objection to the introduction of Islamic microfinance in the country. This research is a first to appraise critically some relevant laws on the legal framework of microfinance in Liberia and its relevance to Islamic microfinance. The Financial Institutions Act of 1999 confers on the Central Bank of Liberia the powers to regulate and supervise all financial institutions in the country, including the microfinance providers. The article concludes that the stakeholders need to continue supporting the microfinance sector, including Islamic microfinance in Liberia by building an appropriate legal ecosystem that providing for a smooth running of microfinance programmes in the country.
    [Show full text]
  • Crisis Roadmap for Microfinance Institutions: COVID-19 and Beyond.” Technical Guide
    CRISIS ROADMAP FOR MICROFINANCE INSTITUTIONS COVID-19 and Beyond Nov. 2019 Matthew Soursourian and Ariadne Plaitakis February 2021 Julie Abrams Acknowledgements This publication was authored by Julie Abrams, CGAP consultant, under the leadership of Ivo Jeník, CGAP senior financial sector specialist. Xavier Faz, CGAP lead financial sector specialist, oversaw this effort. Peer reviews were provided by Dr. Joachim Bald, Practice Leader Risk Management, Frankfurt School of Finance & Management; Daniel Rozas, Senior Microfinance Expert, e-MFP; Dr. Narda Sotomayor Valenzuela, Head of Microfinance Analysis Department, Peruvian Superintendencia de Banca, Seguros, y AFP; Syed Mohsin Ahmed, CEO, Pakistan Microfinance Network; Rosemarie Castro, Executive Director, ECLOF Philippines; Tamar Gogokhia, Financial Officer, JSC Lazika Capital; Denis Khomyakov, CEO, Oxus Kyrgyzstan; Mary Munyiri, CEO, and Raphael Otieno Onyango, Head of Innovation & Strategy, ECLOF Kenya; Georgina Thompson, Executive Director, ECLOF Dominican Republic, for their insightful and helpful reviews; and to Jarri Jung, Head of Financial Institutions, Triple Jump, for providing an investor perspective. Valuable com- ments were also provided by the following people at CGAP: Greta Bull, David Crush, Mariana Martinez, and Corinne Riquet. The author thanks Sizwe Mdluli, CGAP financial sector specialist, for valuable support throughout the research. Consultative Group to Assist the Poor 1818 H Street NW, MSN F3K-306 Washington DC 20433 Internet: www.cgap.org Email: [email protected] Telephone: +1 202 473 9594 Cover photo by Nicolas Réméné for CGAP via Communication for Development Ltd. © CGAP/World Bank, 2021 RIGHTS AND PERMISSIONS This work is available under the Creative Commons Attribution 4.0 International Public License (https:// creativecommons.org/licenses/by/4.0/).
    [Show full text]
  • JOB VACANCY ANNOUNCEMENT Accessbank Liberia Limited (ABL
    JOB VACANCY ANNOUNCEMENT AccessBank Liberia Limited (ABL) is a fully-fledged commercial bank, offering in a transparent, professional and sustainable way appropriate financial services to the general lower and middle income strata of the Liberian population with special focus on micro and small entrepreneurs. Our shareholders are multinational entities including AccessHolding, International Finance Corporation (IFC), African Development Bank and European Investment Bank. AccessBank Liberia is currently looking for qualified Liberian to fill the position of: Application Officer Main Responsibilities The Application Administrator shall work as a strategic support staff to the IT Department and be responsible to aid the IT Manager in ensuring that ABL application systems are maintained, available, secured and performance and standard deployment are in line with the Bank standards. Planning, deploying, configuring and maintaining ABL applications and E-banking platform; . Deploying and maintaining ABL electronic channels. Installs, manage and administers database servers and Systems such as MSSQL, MySQL etc. Manages and support the Core Banking Application (myMBS) . Ensure regular database backup, storage, and recovery at all times. Ensure database design, installation requirements and deployment. Assist in conduction training for end user on the use of core banking application (myMBS) and other applications and provide information on resolving problems. Maintains application performance by calculating optimum values for applications parameters; implementing new releases; completing maintenance requirements; . Conducting server patch management on the application servers, Installs new banking software modules, updates or fixes (planning, local testing and in case of new functionalities, train the trainer) . Develop customize reports and basic applications. Function as second level support for questions related to the business functionality of the banking system .
    [Show full text]
  • EIB Information Is Published Periodically by the Communication Department of the European Investment Bank
    The EIB - the EU bank May 2010 INFO ISSN 0250-3891 Special edition Partnering with the world The EIB is the bank of the European Union countries. It operates in the 27 EU Member States and in more than 130 other countries. Since 2007, the EIB has signed loans totalling EUR 21.1bn with countries outside the EU. It is the largest supranational borrower and lender in the world. This INFO special edition seeks to illustrate some of the EIB’s activities in the different regions of the world. INFSPECIALO EDITION The information magazine of the European Investment Bank Group • 2010 • ISSN 0250-3891 INTRODUCTION Foreword by Philippe Maystadt 3 View from Michel Camdessus 4 EIB’s independent evaluation of external activities 6 Interview: Working in partnership 9 TURKEY Building a milestone link between Europe and Asia 11 EIB gives boost to renewable energy in Turkey 14 WESTERN BALKANS Opening up new energy sources 15 Belgrade’s challenges in urban transport 17 MEDITERRANEAN NEIGHBOURS Water: one of the hallmarks of EIB support 19 FEMIP rises to the energy challenge 21 SMEs - drivers of growth and job creation 23 Prioritising human capital development 24 EASTERN NEIGHBOURS Cleaner water for the Baltic Sea Region 26 Moldova transport infrastructure projects take off 28 ACP Bringing clean and safe water to Malawi 30 Unlocking an international trade gateway 32 Technical assistance for microfinance 33 SOUTH AFRICA The Berg Water Project in South Africa 36 LATIN AMERICA EIB support for the Nicaraguan electricity sector 39 ASIA Supporting China’s fight against climate change 42 New EIB publications 44 EIB Information is published periodically by the Communication Department of the European Investment Bank.
    [Show full text]
  • SCSL Press Clippings
    SPECIAL COURT FOR SIERRA LEONE OUTREACH AND PUBLIC AFFAIRS OFFICE PRESS CLIPPINGS Enclosed are clippings of local and international press on the Special Court and related issues obtained by the Outreach and Public Affairs Office as at: Friday, 4 July 2008 Press clips are produced Monday through Friday. Any omission, comment or suggestion, please contact Martin Royston-Wright Ext 7217 2 International News Urey’s Suit Undermines Trial / New Democrat Pages 3-4 Taylor Used RUF to Attack ULIMO / The Monitor Page 5 ULIMO Blocked RUF, NPFL Routes / The Analyst Pages 6-7 UNMIL Public Information Office Complete Media Summaries / UNMIL Pages 8-10 Congo's Bemba Transferred to Warcrimes Court / Reuters Pages 11-12 Congo Ex-Leader Sent to The Hague / BBC Page 13 3 New Democrat (Liberia) Thursday, 3 July 2008 4 5 The Monitor (Liberia) Thursday, 3 July 2008 6 The Analyst (Liberia) Thursday, 3 July 2008 7 8 United Nations Nations Unies United Nations Mission in Liberia (UNMIL) UNMIL Public Information Office Complete Media Summaries 3 July 2008 [The media summaries and press clips do not necessarily represent the views of UNMIL.] Newspaper Summary President Sirleaf asks AU to Denounce Zimbabwe's Elections (The New Democrat, The Analyst, Heritage, The News, The Inquirer, Daily Observer, Liberian Express, The Informer, The Monitor) • The media reports the President Ellen Johnson Sirleaf has called on the African Union to denounce the June 27th elections in Zimbabwe and declare the results unacceptable, if the Union is to maintain its credibility. An Executive Mansion dispatch said President Sirleaf spoke Tuesday, during the 13th Ordinary Session of the African Union (AU) in Sharm El-Sheikh, Egypt, when she made her intervention to colleagues during a closed session.
    [Show full text]
  • Accessbank Liberia Limited Annual Report and Financial Statements for the Year Ended December 31, 2019
    ACCESSBANK LIBERIA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 AccessBank Liberia Limited Annual report Year ended December 31, 2019 Contents Page(s) Corporate information 1 Report of the directors 2 - 3 Report of the independent auditors 4 - 7 Financial statements: Statement of financial position 8 Statement of comprehensive income 9 Statement of changes in equity 10 Statement of cash flows 11 Notes to the financial statements 12 - 79 AccessBank Liberia Limited Annual report Year ended December 31, 2019 CORPORATE INFORMATION Directors Mr. Bernd Zattler Chairman Mr. Kyle Lackner Director (Resigned on 23/12/2019) Mr. Geegbae A. Geegbae Director Mr. Monojeet Pal Director (Resigned on 23/12/2019) Mr. Jonas Nyaye Managing Director Ms. Claire Clasquin Director Dr. Rolf Reichardt Director (Appointed on 26/12/2019) Dr. Anthony Okon Nyong Director (Appointed on 26/12/2019) Registered Office AccessBank Liberia Limited th 20 Street, Sinkor Monrovia Auditors KPMG Chartered Accountants 13 Yiyiwa Drive, Abelenkpe P.O.Box GP 242 Accra Parker & Company LLC Certified Public Accountants 81 Sekou Toure Ave. P.O.Box 1921, Mamba Point Monrovia, Liberia Company Secretary Ms. Gidu Johnson 1 REPORT OF THE DIRECTORS The Directors submit their report together with the audited financial statements for the year ended December 31, 2019. Statement of directors’ responsibilities The Directors are responsible for the preparation of the financial statements for each financial year which gives a true and correct view of the state of affairs of the Bank and of the profit or loss and cash flows for that period. In preparing these financial statements, the directors have selected suitable accounting policies and then applied them consistently, made judgments and estimates that are reasonable and prudent and prepared in accordance with International Financial Reporting Standards (IFRS) and in the manner required by the New Financial Institutions Act (FIA) of 1999.
    [Show full text]
  • SMART CHOICES Their/Our Story Smartchapter Choices Two
    CHAPTER TWO: SMART CHOICES their/our story smartchapter choices two: Th e economic crisis of 2008 spurred IFC to take extraordinary measures to maximize our development impact and create opportunity where it was needed most. In the earliest days of the crisis, IFC staff members began calling our clients to help them identify steps they could take to minimize their fi nancial risks. We took stock of potential risks in our own portfolio, and acted to ensure that our capacity to advance private sector development would remain strong. For IFC, 2009 was not business as usual. Our staff worked smarter to help our clients cope with the crisis. Knowing that our clients’ needs would be larger than we could provide for on our own, we developed innovative ways to mobilize funds from other sources. It was clear that the crisis would reach beyond the world’s richest nations. We began preparations for a $3 billion fund to strengthen systemically important banks in emerging-market countries. Other new initiatives to mobilize funding for critical sectors such as trade, infrastructure, and microfi nance followed. Our thinking and planning extend beyond the current crisis. We are also working to help shape the post-crisis world and address long-term challenges, including climate change and water and food scarcity. IFC’s thinking and planning in response to the current crisis. CHAPTER TWO: SMART CHOICES ifc’s crisis-response initiatives In a time of extreme economic turmoil, IFC acted swiftly and creatively to do our part to help repair the damage and build the foundation for a durable recovery.
    [Show full text]