Boards of Governors Provisional Summary Records 2008 Annual

Boards of Governors

Summary Records

2008 Annual Meetings

African Development Bank Group Maputo, MOZAMBIQUE 14 and 15 May 2008

Boards of Governors

Provisional Summary Records

of the Forty-Third Annual Meeting of the ADB Board of Governors

and the Thirty-Fourth Annual Meeting of the ADF Board of Governors held at the Joaquim Chissano International Conference Center Maputo, Mozambique 14 and 15 May 2008

2008 ANNUAL MEETINGS

Maputo, Mozambique 14-15 May 2008

African Development Bank Group

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TABLE OF CONTENTS

OPENING CEREMONY

Welcome address by the Mayor of Maputo, Mr. Eneas COMICHE 1

Welcome address by the Chairperson of the Boards of Governors and Governor for Mozambique, His Excellency Aiuba CUERENEIA 3

Opening address by the President of the ADB Group, 4 Dr. Donald KABERUKA

Opening address by the President of the Republic of Congo (Brazzaville) 14 His Excellency Denis SASSOU NGUESSO

Opening address by the President of the Republic of Mozambique 18 His Excellency Armando GUEBUZA

PLENARY SESSION Statements made by the Governors listed in the order in which they were delivered

Mozambique 25 Cote d’Ivoire 26 Tunisia 29 Zambia 32 Uganda 35 United Kingdom 37 France 39 Tanzania 42 Germany 45 South Africa 49 United States of America 52 Norway 54 Senegal 56 The Netherlands 59 Rwanda 62 Nigeria 65 Portugal 68 Namibia 70 Morocco 72 Finland 74 Turkey 76 Mauritius 78 Liberia 80 Austria 82 Kenya 84

Guinea Bissau 87 Guinea 89 Ghana 92 Switzerland 97 Ethiopia 101 Burundi 105 Sweden 107 Botswana 109 Algeria 112 Spain 115 Egypt 117 Saudi Arabia 119 Korea 122 Japan 125 Italy 129 India 132 Togo 136 Denmark 139 China 141 Canada 143 Brazil 146 Belgium 148 Chad 150 Sierra Leone 153 Mauritania 155 Lesotho 158 Seychelles 161

CLOSING CEREMONY 165 Adoption of the Official Record 166 Other Business Point of Order raised by the Governor for Egypt 166 Votes of Thanks 167 Closing Statement by: The President of the African Development Bank, Dr. Donald KABERUKA 168

Installation of the New Bureau of the Boards of Governors 171 Remarks by: The In-coming Chairperson of the Boards of Governors, Mr. Abdoulaye DIOP 172 Closing Statement by: The Out-going Chairperson of the Boards of Governors, H.E. Mr. Aiuba CUERENEIA 173

ANNEXES

Bureau of the Boards of Governors

Chairperson H.E. Mr. AIUBA CUERENEIA Governor of the Bank of Mozambique, Governor for Mozambique, Chairperson of the Boards of Governors

1st Vice-Chairperson H.E. Albert KOENDERS Governor the Netherlands

2nd Vice- Chairperson 1H.E. BAAH-WIREDU Kwadwo Governor for Ghana

Members of the Joint Steering Committee of the Boards of Governors

The Honourable Governor for Congo (Brazzaville) The Honourable Governor for Djibouti The Honourable Governor for Lesotho The Honourable Governor for Korea The Honourable Governor for Kuwait The Honourable Governor for Mali The Honourable Governor for Mauritania The Honourable Governor for Nigeria The Honourable Governor for Norway

1 The Honourable Minister passed away on 24 September 2008.

Introductory Note

The Forty-Third Annual Meeting of the Board of Governors of the African Development Bank (ADB) and the Thirty-Fourth Annual Meeting of the Board of Governors of the African Development Fund (ADF) were jointly held on 14 and 15 May 2008 in Maputo, Mozambique. H.E. Mr. Aiuba CUERENEIA, Governor of the Bank for Mozambique and Chairperson of the Boards of Governors, chaired the meetings.

These Summaries include Statements delivered by Governors during the meetings, Resolutions adopted by the Boards of Governors, Reports, Recommendations, or Communiqués issued by the Committees of the Boards of Governors and other documents relating to the Annual Meetings.

Statements by the Governors are listed in the order in which they have been delivered by Governors.

I wish to conclude by reiterating our heartfelt sympathy and condolences to the Government and people of Ghana for the sudden death, on 24 September 2008, of His Excellency Mr. BAAH-WIREDU KWADWO, former ADB Governor for Ghana and Second Vice-Chairperson of the Boards of Governors.

Kordjé BEDOUMRA Secretary-General African Development Bank

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OPENING CEREMONY

Held at the Joaquim Chissano International Conference Center

Maputo, Mozambique, 15 May 2008 at 10 a.m.

A. PRESENT

1. For the Bureau of the Boards of Governors

Chairperson H.E. Mr. Aiuba CUERENEIA Governor of the Bank of Mozambique, Governor for Mozambique, Chairman of the Boards of Governors 1st Vice Chairperson H.E. Albert KOENDERS Governor for the Netherlands

2nd Vice Chairperson H.E. Mr. BAAH-WIREDU Kwadwo Governor for Ghana

2. For the Bank Group Management

President of the ADB Group Dr. Donald KABERUKA

Secretary-General Mr. Kordje BEDOUMRA

Acting General Counsel Mr. Kalidou GADIO

B. CONTENTS Opening Ceremony

Welcome address by the Mayor of Maputo, Mr. Eneas COMICHE

Statement by His Excellency Mr. Aiuba CUERENEIA, Chairperson of the Boards of Governors and Governor for Mozambique

Opening address by the President of the ADB Group, Dr. Donald KABERUKA

Opening address by the President of the Republic of Congo (Brazzaville), His Excellency Denis SASSOU NGUESSO

Opening address by the President of the Republic of Mozambique, His Excellency Armando GUEBUZA

viii OPENING CEREMONY WELCOME ADDRESS BY THE MAYOR OF MAPUTO Mr. ENEAS COMICHE

Your Excellency the President of the Republic of Mozambique, Your Excellency the President of South Africa, Your Excellency the President of the Republic of the Congo, Honourable Chairman of the Board of Governors, Mr. President of the African Development Bank Group, Mr. Secretary-General of the African Development Bank Group, Your Excellencies, Ministers, Dear Mayors, Distinguished Guests, Dear Citizens of the Municipality, Ladies and Gentlemen

1. On behalf of the citizens of the Municipality of Maputo and on my own behalf, I wish to welcome our honorable guests. I hope that you enjoy Maputo.

2. To all of those participants who are residents of Maputo, a warm embrace also goes out to you.

Your Excellencies, Ladies and Gentlemen

3. By deciding to hold this ADB meeting in Maputo, Your Excellencies certainly made one of the best decisions of your lives.

4. In fact, for those of you who had not yet visited Maputo, you can now unequivocally and proudly say that you have visited the world. Those of you who had already visited this beautiful city of acacias know what I am talking about and, therefore, I am convinced that you will come back without hesitation.

Indeed, Maputo has a really irresistible charm!

5. Our hospitality, the beauty of our beaches, the richness of our handicraft, the masterpieces found in our artwork, and the power of our music gives a clear idea of the many virtues of this city that touches the soul.

6. Our delicious food is simply unmatched! For those of you who have tried it, you know how our shrimps will take anyone’s breath away!

7. Consequently, Your Excellencies have all the reasons in the world to make great use of your credit cards here!

8. However, Maputo continues to seek out its full splendor, particularly in terms of improving the quality of life in the makeshift human settlements (slums), where two-thirds of its population lives! As such, we have prepared the 10-year (2007-2016) Maputo Municipal

Development Program (PROMAPUTO). Its main objectives are to provide human and institutional training as well as financial training, and to improve services to citizens in the municipality.

9. Making our vision of “Maputo – a prosperous, beautiful, clean, safe, and united city” come true in every aspect is the way we must go.

Your Excellencies, Ladies and Gentlemen,

10. In 2007, for the first time in the history of the world, the bulk of the populations moved into the cities to live there. Africa is no exception to this process of inescapable city growth.

11. Given this galloping urbanization, the international organization, United Cities and Local Governments (UCLG), which is the voice of Local Authorities at the international level, through its Committee on Local Finance and Development that met last Monday in Maputo with representatives from around the world, including the five regions of Africa, proposed that the ADB Group should work with the Local Authorities to prepare and implement the ADB Urban Development Strategy.

Your Excellencies, Ladies and Gentlemen,

12. In conclusion, I would like to, once more, wish you all a warm welcome.

13. Maputo feels honored and proud to have Your Excellencies here.

Thank you very much!

WELCOME ADDRESS BY THE CHAIRPERSON OF THE BOARDS OF GOVERNORS AND GOVERNOR FOR MOZAMBIQUE

HIS EXCELLENCY AIUBA CUERENEIA

Honourable Chairman of the Board of Governors of the African Development Bank Group, Honourable Ministers and Governors of the African Development Bank Group, Mr. Donald Kaberuka, President of the African Development Bank Group, Executive Directors, Ladies and Gentlemen

14. Once again, I wish to welcome all participants in this meeting, and express my sincere thanks for your presence.

15. I have the honour to be here with His Excellency Armando Emílio Guebuza, President of the Republic of Mozambique, and Honorable Aiuba Cuereneia, Chairman of the Board of Governors of the African Development Bank Group, to express our appreciation and gratitude for holding this Annual Meeting in Mozambique, as well as present the economic vision of our country.

16. I wish to commend the African Development Bank Group for its achievements since the last Annual Meeting held in Shanghai, particularly the success of the 11th Replenishment of the African Development Fund, which for the first time recorded the participation of the following four African member States: Central African Republic, Sierra Leone, Tanzania and Mozambique.

17. These countries participated as active stakeholders and presented the socio-economic realities facing African countries, which enabled the partners of the African Development Bank Group to better understand the challenges faced by Africa.

18. The meeting produced an agreement for the 2008-2010 period for a total of UA5.76 billion (approximately US$ 8.9 billion), thus creating a record level of support, with a 52% increase over the 2005-2007 period.

19. I would also like to mention the preparation of the Medium-Term Strategy for the 2008-2012 period, focusing on:

• Operations in the areas of infrastructure, governance, regional integration, private sector, education, technology, knowledge management, agriculture, climate change, and others; • Effective partnership with those involved in development, including collaboration with other regional cooperation partners; and • Continuous internal reforms focusing on results and performance, decentralization, recruitment and human resources management.

20. My congratulations on the work accomplished by this financial institution.

Thank you for your attention.

OPENING ADDRESS BY THE PRESIDENT

OF THE AFRICAN DEVELOPMENT BANK GROUP

Dr. DONALD KABERUKA

MANAGING NEW THREATS TO SUSTAIN MOMENTUM

21. It is an honour and a privilege as I join President Armando Guebuza in warmly welcoming you to the Annual Meetings and to Mozambique. I express our profound gratitude to the Government and People of this beautiful country and the city of Maputo for the generous hospitality, and to commend the Mozambican people and their leaders for their achievements. The Bank is proud to have made a modest contribution.

22. Let me in your name say how truly honoured we are, by the presence of two distinguished African Heads of States: President Armando Guebuza and President Denis Sassou Nguesso. I want also to acknowledge, the eminent persons, my distinguished predecessors, leaders of sister institutions, partners from the world of finance and invited guests who have joined us today. I know you also join me in giving a very warm welcome to the delegation of our newest member, the Republic of Turkey.

23. Allow me once again to thank, the Tunisian people and Government, who continue to offer the Bank their generous hospitality. In the same spirit I extend our best wishes to the people of Côte d’Ivoire, our host country, as they move ahead in returning the country to normalcy, national reconciliation and lasting stability.

24. This Assembly, and its organs, have a packed agenda. We have, important statutory matters to consider; beginning with a review of the Bank’s operational and financial performance as well as its delivery. But this is also a privileged moment to step back, and assess the economic condition of the continent and determine what together we can do, to accelerate progress on the ground.

25. At my first Annual Meeting in Ouagadougou, May 2006, I indicated to you my intention to set up a High Level Panel of Eminent persons, to help us with an independent reflection regarding the strategic direction of the Bank long term. I gave three reasons for doing so: First, the Bank was founded 45 years ago. Second: the World around us has changed enormously since then and THIRD, the international aid architecture in which the Bank operates had become vastly more complex.

26. I am grateful to the distinguished members of the Panel for accepting to take on this task. In your name, I particularly thank the co-chairs, former Mozambican President Chissano and former Canadian Prime Minister Paul Martin, to the Panel members and the technical team ably led by Callixto Madavo. This group of distinguished men and women in the world of business, development banking, governance, politics and academia, and who share the passion for Africa have brought enormous experience and talent to the task and discharged their task admirably. They have produced a Report “Investing in Africa’s future – The AfDB in the 21st Century” which has attracted a lot of attention, both within and outside

Africa. I thank them profoundly. You have in front of you the Report and Management’s response.

27. The Panel has set out an ambitious vision for the Bank and its shareholders. I share the optimism they have expressed for Africa, while being realistic about the obstacles she faces. We are stimulated by the view that Africa needs a strong development Bank which is more than an aid conduit. There is consensus, that it will not happen overnight, and that the AfDB will have to “earn” that position. It will do so by demonstrating that resources at its disposal, today and tomorrow are being deployed, optimally and effectively, within a strong fiduciary framework, for the priorities of Africa of today and delivering results.

28. We are fully conscious that the Vision spelt out by the Group of eminent persons will require concerted efforts by all stakeholders, Governors, Management and Staff over time. The Panel’s strong endorsement of the Direction the Bank is already taking will be encouraging to us.

29. The Medium Term Strategy 2008-2012, spells out, where we are, where we want to be in five years, the direction and the pathways of getting there. What is at the centre of the strategy is economic growth, for MDGs, growth which is shared and sustained. The strategy attempts to locate AfDB’s role within the new international aid architecture, articulating the need to focus, attempting to identify zones of lead role and those of complementarity. It spells out the resource framework and how it strives for excellence, and results at all times.

30. This will be, a year of yet additional hurdles for the Continent. Africa’s ability to manage existing risks and overcome the new threats will be put to the test. The food crisis, the energy crisis, the accelerating impact of climate change on our farming systems, to mention a few. Not surprisingly, given where we come from, economic growth of the last decade has not as yet translated fast enough into poverty reduction, and growing inequalities have sometimes generated social tensions. The roundtable themes this week have related to, identifying strategies for shared growth, and opportunities, for all, in the context of record internal migration and rapid urbanization. There are no quick fixes, and some of the issues around it are profound and will take time. But I am confident.

31. Even this food crisis, whose effects, whose supply demand dynamics, has been extensively analysed, can be overcome. Perhaps, for our rural farmers, if given quality support, this could turn out to be an opportunity which they have been waiting for, where farming, large and small, finally, becomes viable businesses rather than a source of scrapping a meager livelihood! But a number of things will need to happen in order to get there. I will come back to this.

32. Not long ago, we all were witnesses to thousands of people in small rickety boats, in the rough waters of the South China seas, fleeing for survival. These were Vietnamese, they were called “the boat people” and they were fleeing deprivation and famine. How things can change? Today, two decades of near double digit growth has dramatically rolled back poverty. According to the recent publication of the Economist, Vietnam now produces more rice than India, with yields of up to 10 tons/hectare. The country, 15 years ago, a marginal producer of coffee, is now the second biggest coffee producer in the world after Brazil, and will this year, export more coffee than all African producers put together. The combined value of imports and exports is equal to 160% of GDP, from agriculture to furniture and microchips, and we are told 94% of its people have access to electricity. These are the same

people who were fleeing famine not so long ago! I am optimistic that if we do the right things it can happen here.

The Bank in 2007

33. This has been a very good year for the Bank. Despite the turbulence in the financial world, the finances of the institution remain very strong. Our risk bearing capacity remains robust. We have retained the highest ratings and all the windows of the Bank have reported strong results. Net income is up 66 percent- and so are our operational commitments by 20%. We are beginning to see encouraging results in the quality of our portfolio, such as the level of disbursements, and a decline in aging or problem operations. We are making headway in becoming more focused and selective.

34. We have maintained momentum on reforming our operational, business and budget processes to ensure greater accountability, quality and responsiveness. Only last week, our procurement rules have been extensively revamped; the first such exercise in many years, which now puts us at par in terms of responsiveness with similar international financial institutions. Enhancement of our procurement rules is something I know, many of you, have been waiting for, and will welcome.

35. The Anti-corruption Office has been strengthened. So are measures to ensure greater institutional and operational integrity, transparency, accountability and disclosure. In the continuing efforts to ensure the highest standards in the deployment of Bank/Fund resources, the Bank’s procurement contracts will be published on the Bank’s website. We have only this week at the Board, approved a new Governance Strategy for our operations focusing very much on the issues of Financial and Economic Governance and building institutions.

36. The Bank has adopted a new HR strategy including an e-enabled multitier system of performance evaluation. A first ever staff survey was carried out. The process of filling vacancies accelerated – and - this numerical accomplishment has come with diversity in terms of skills, gender and geographical origin. Indeed the number of women in management position has continued to rise. We are reviewing our compensation and benefits framework and carrying out a skills mix audit.

37. Our Decentralization exercise has accelerated and the process of customization is ongoing. We have reached agreement for the opening of the two remaining offices, Angola and Algeria, bringing us to the full complement of 25. Throughout my field visits, you have impressed upon me, the significance you attach to the decentralization exercise, and your wish to see them empowered to take some decisions. In countries where there are no such offices, you have urged the Bank to do so. Decentralization is a complex, costly exercise, and not without risk. This is what informs our prudence and the need for a gradual approach, learning the lessons as we go.

38. Next year, an independent evaluation will be commissioned to assess the experience and the way forward.

Strategic Review of Bank’s Capital Utilization

39. Last year in Shanghai, I undertook before the Governors, to carry out a strategic review of the level of utilization of the Bank’s capital, including an independent, external

assessment of the matter perceived as “excess capital”. I decided to request two leading investment Banks, Goldman Sacchs and Citi who agreed to perform this task, separately and probono. I am grateful to them.

40. In carrying out this assessment, Management requested the two Banks to bear in mind two parameters (i) our determination to remain a strong triple AAA rated Development Bank and (ii) our Medium Term Strategy which indicates strong intent to expand including non- sovereign lending.

41. The two institutions have submitted their separate reports. The findings, indeed confirm that the AfDB has significant unused risk capital, on the basis of risks currently assumed. But they were also of the view, that if the Bank wishes to increase it’s lending, particularly the non sovereign, then it needed that capital, it needed this cushion to expand. The two investment Banks have made two other useful proposals; these relate to certain possible changes to the capital adequacy framework as well as innovative financial instruments and techniques to manage our capital more dynamically.

42. Management is actively discussing with the Board of Directors the strategic implications of these proposals and findings. In doing so we are always guided by the sacrosanct principle that as we fulfill our mandate, the financial soundness of the Bank must be preserved at all times.

43. We are aware of your high expectations, and we agree that we should be ambitious, limited only by the imperious necessity, to remain true to rigorous sound banking principles and a financially strong African Development Bank. That is why our new Medium Term Strategic Plan proposes a graduated, but significant increase, in our volume of operations, at the same time, building the human and infrastructural capacity, inside the Bank, to properly manage the risks and ensure development effectiveness of this anticipated growth in the medium term.

ADF XI

44. Allow me now to make a few remarks on ADF XI. Firstly to commend the Fund Donors for a generous and record increase, which has tremendously improved our soft window’s capability. This was truly an achievement for the Bank and its members and a demonstration by donors of their commitments to Gleneagles. I am particularly pleased about the agreement to allocate a significant part, seventeen and a half per cent, of all the resources, at promoting regional infrastructure and other regional public goods, which support Africa’s economic integration. A regional member country, the Republic of South Africa, doubled its contribution to the Fund and I applaud them. I look forward to other African countries in a position to do so, exploring possibilities of such a contribution in the future. In this same vein, I sincerely thank the Nigerian authorities for the agreement to extend the Nigeria Trust Fund.

From the PCCF to the Fragile States Facility

45. Until the energy and food crisis began to hit our economies, a number of African countries were actually getting back on track for several key MDGs. The UN Secretary General Mr. Ban Ki-Moon has convened an MDG Steering Committee, to which several of us belong. Our task, is to find ways to fast track MDGs, focusing on the “bottom billion”. It

is evident that where the problem is close to intractable, is among countries recently in conflict or crisis. They are trapped in stagnation; absolute poverty is, in some cases, actually deepening. Some of those who recently emerged from crisis are not receiving enough support and the danger of slippage is real.

46. The Bank’s post conflict clearance facility adopted five years ago was a sound innovation. It has contributed enormously to assist countries such as Burundi, the Democratic Republic of Congo, the Republic of Congo and Sierra Leone in clearing arrears. I want to thank many of the contributing countries here, both in Africa and among donors, who always responded to our call to partner generously with the Facility.

47. But recently, our experience in clearing arrears of Liberia, Central African Republic and Comoros, showed its limitations and the need to innovate. ADF XI agreement to earmark 7½% of the resources to the the Fragile States Facility is a most welcome enhancement to the PCCF. It is a robust instrument; whose design is responsive, while minimizing any perceived moral hazards. Not only does this now enable us to go beyond arrears clearance and kick start the economies but it also permits the Bank, to rebuild the much needed institutions, a major consequence of conflict and crisis which inevitably constraints absorptive capacity for international resources.

48. This year we will engage the process for clearing debts of countries such as Togo, Cote d’Ivoire and others to come. Our strategic aim is to help the countries, with others, rebuild and graduate to normal windows as soon as possible.

49. One of the powerful levers for multiplying the possibilities of attaining at least some of the key MDGs is to provide safe water. It cuts down infant mortality and enables girls’ education. I am pleased to report the progress in the Bank’s four flagship water initiatives and I thank all partner countries in the water programmes. We have doubled the staffing capacity in the Water and Sanitation Department and we will be increasing our water and sanitation delivery from this year. We will need to mobilize additional resources for the Rural Water and Sanitation Initiative and I look forward to a close engagement with the partners of both the RWSSI and AWF.

Private Sector, Growth and the MDGs

50. Where economies are growing, progress to MDGs is solid. Where economic growth has stagnated or is too slow, countries are largely off track. We know that growth is not enough, that is not in doubt, but it is a necessary condition. No significant progress to MDGs will be possible without sustained growth, and that is unlikely without private sector and investment. That is the lesson from all countries who are on track for the MDGs. Certainly, more aid, more effective aid is needed more than ever before; but, we know, that public resources such as aid money are scarce. There is no likelihood that there will ever be enough of the critical mass required. Hence, our strong belief that aid money should be utilized to maximize the catalytic effects on private resources which is ample.

51. Our business model, at the AfDB, indeed all MDBs need to evolve faster, towards this type of what we call “smart finance”. This is the thinking guiding us. Our credo is “crowding in investment” in Africa, providing finance, advice and partnering, finding new partners to join us, focusing on growth driving sectors. Every dollar we invest does not only attract its multiple, but also attracts new actors, who trust the Bank. And this is not simply the BRICS,

but the Gulf States and the diaspora who are teaming up with the Bank, in energy projects, expanding and rehabilitating the ports, the financial sector and increasingly agribusiness and health. I look forward to our African finance partnership with regional and domestic financial institutions and to deepen our local currency operations.

52. At the Bank, private sector activities continue to expand. We will continue to be rigorous in project selection, credit review, choice of partners and our internal capacity because our overall strategy is to maintain an average low to moderate risk profile. A large part of our operations, 61% are in the Middle Income Countries, but we have also expanded in low income countries. As an example, we have taken a small equity in a Bank in Liberia which services small and medium businesses, certainly a very small investment for the Bank but quite a significant one for the Liberian economy. We are looking closely at small and medium businesses all over the continent; those seen as too small for high street banks and too large for microfinance. I am glad about the agreement with USAID on guarantees for small businesses.

53. In particular we want to focus on that half of our Continent, the business women of Africa, who often show so much entrepreneurship but lack access to finance. That is what gives meaning to inclusive growth. We have contributed some of our net income to FAPA, the Japanese led initiative for the private sector and look forward to mobilize additional resources.

Middle Income Countries

54. The Middle Income countries, a highly diverse group, are critical poles of growth in Africa. They are the locomotives. They exert powerful economic neighbourhood effects. Improving their competitive position, their private sector and efficiency of their economies must remain central to the Bank’s work. It is good for Middle Income Countries and it is good for Africa as a whole. This is how to create the virtuous cycle of growth among our 53 countries, so diverse yet so inter-linked. Some of them can access capital markets, but there is still strong demand for us at different levels; non sovereign financing, TA, or projects for regional integration. Like all MDBs, we need to find new ways of better responding. This is a domain requiring innovation; at all levels, processes, products, pricing, conditions of access and capacity. The case of small population MICs is particularly challenging. In 2005, the Bank had produced an MIC framework which was highly appreciated and useful. It must now evolve to new circumstances. We will be updating that framework and discussing with the Board our policies in this domain. In addition, I will be commissioning a study of new possible options.

55. According to “Doing Business” progress on our continent in terms of adopting policies that improve the business climate, was extremely good until 2006. This should be maintained. That is why we fully support the Investment Climate Facility, support its activities and any other similar initiatives.

56. Our commitment to all types of infrastructure has doubled in 2007 from US$ 870 million dollars to 1.6 billion US$. I am pleased with our cooperation with the World Bank, the EU, the EIB and the JBIC. We are encouraged by the coordination in the context of the Infrastructure Consortium in determining continental priorities, who does what, and what are the respective plans. This is why also, we are pleased with the memorandum we are negotiating with China Exim Bank and China Development Bank. Given the enormous needs

we are trying to crowd in the private sector and the emerging partners in particular for energy, roads, connectivity or our dilapidated railways.

57. Given the fast pace of economic growth of the last decade, which has run ahead of energy supplies everywhere; it is unlikely each country can satisfy its energy needs locally. That is why we emphasize, where feasible, interconnection projects and energy markets.

The Food Crisis

58. Let me now return briefly to the food crisis. In the last few months the underlying market dynamics have been adequately analysed. We roughly know the causes, we know the consequences. The response should be seen at three levels. First: To provide food to the vulnerable and emergency support to the people and countries most at risk; this is mainly the task for bilaterals and UN agencies. Second: To deal with macro economic stress, a mission for IFIs. Third: to tackle the longer term issues of food security. This is the role of the MDBs and specialized agencies.

59. In respect to the emergency support, I commend the swift international action that has provided food supplies to protect the poor and the vulnerable. This is most welcome, but not yet adequate, and the risks remain acute. I urge donors to be generous and provide specialized agencies with additional resources. Certainly, the world has the means to prevent starvation in the 21st century! The most vulnerable categories are known, they include the urban poor, rural families who purchase food, and people in fragile states where markets do not function well.

60. The second response is to deal with issues related to macroeconomic stress by providing budget and balance of payments. We will be, alongside other IFIs providing this kind of support where feasible. Preserving the achievements of reforms of past years is vital. Many countries whose import bills have soared had no choice but to adopt measures which are not always fiscally sustainable. The Steering Committee is proposing that Governors approve a special appropriation from the surplus account to help the countries affected. For that reason also, we are considering to restructure up to 250 million dollars of our agricultural portfolio, where appropriate, to make available resources required to accelerate agricultural production such as purchasing of fertilizers.

61. In the same spirit, we must discourage the multiplication of export bans, quotas, export taxes which are exacerbating the problem. “Beggar thy neighbour policies” will be damaging for all. There is no better way to worsen the situation than to interfere with supply chains at a delicate stage such as this. Food security is impossible anywhere without a smooth trading system; local, national, regional and global and I hope after the initial action taken by some countries the barriers can be reduced, or removed altogether.

62. Third, as we deal with vulnerability and macroeconomic stress, we have to address the issue of food security in the long term. The adage that “feed a hungry person and he/she will be hungry tomorrow” is as valid as ever. We are not dealing with a short term problem; the long term solution can only mean a different way of managing our agriculture. What is to be done about African agriculture is known; it is spelt out in numerous policy statements including NEPAD’s comprehensive agricultural policy for Africa. What is to be done internationally, in terms of providing level playing field in agriculture, and front loading the interests of developing countries in Doha also well articulated.

63. There was a time, when agriculture went into decline because of a combination of policy biases, including urban bias. But that era of implicit excessive taxation on agriculture and overvalued currencies is long gone. These were powerful disincentives: - now the incentive is there. The rising food prices provide the opportunity, the incentive. But incentives alone are not enough. Their signals have to get to the farmer. The signals are not getting to the farmer because fertilizer and transport costs have also increased. African farmers, already minimal per capita utilizers of fertilizers, and modern inputs cannot respond with fertilizer prices which have jumped from 245 US$/ton to 1,100 US$/ton in 4 months. This is why I am very pleased the Governors will this week consider approving our African Fertilizer Financing Scheme, to be operationalized with the Alliance for the Green Revolution in Africa. We are not, by any means, saying this is about fertilizers alone, no, it is about fertilizer, other inputs, water, all done in the right way. And the technical knowledge to do so exists. There are large gaps between current yields and possibilities and If market smart subsidies would close the gap they should be considered and we are prepared to provide such support.

64. Africa today imports close to 26 million tons of rice, half of its 50 million tons consumption. But I am told the new rice for Africa, an up-land rice can be harvested in three months and yields five tons per hectare. Equally, significant results, had been achieved in respect to some staples which are not internationally traded. From mosaic resistant cassava to drought resistant maize and weevil resistant bananas. A smallholder agricultural revolution is not impossible. But if we are to reverse agricultural decline, we will have not only to rethink its technical and resource aspects; a number of other things will have to happen.

65. FIRST: crowding in more private investment and a greater role for the State. Let me explain: We must devise ways of attracting and supporting private financing of agriculture. Private business which has been successful in growing flowers can surely grow cereals. Time for agriculture as a business, is now. Private investors can probably do their own irrigation, but they need infrastructure, input and product markets that function and research institutions that deliver and policies that are stable. Only the State is well equipped to provide the latter. But the capacity of the State to do so must begin with an agenda to building our Ministries of Agriculture and Livestock. In the years of structural adjustment it seems a lot of capacity in this sector was cut to the minimum. If we are to succeed the role of the State will be crucial, to plan, to provide the policy environment, which support a smallholder revolution and agribusiness. This is what will enable “the issue of market failure to be resolved but avoiding the one of State failure”.

66. SECOND: Complementarity action among donors. Agriculture will test the doctrine of complementarity and selectivity. Between 1980 to 2005, ODA to agriculture declined dramatically. Agricultural success stories were hard to come by, prices were falling. Interest shifted to the social sectors. Only a few institutions like IFAD and the AfDB stayed engaged. Now that a consensus has built up around the productive sector, agriculture being a large part, the question now is: How do we do it right this time? The AfDB for its part is carrying out an evaluation of what our real impact has been. We will not succeed if all donor agencies want to do the same things, in the same old ways. Our own agricultural portfolio today is equal to 3.8 billion dollars in 250 projects. We are increasing it by another 1 billion US dollars. But in order to avoid mistakes of the past, we need to find out how best to respond, who does what, who will take lead in what area. I frankly believe, we have a golden opportunity to implement workable division of labour in the vast area that is agriculture that requires several

interventions at the same time, irrigation, road infrastructure, storage, farmer training, research and extension, microfinance, rural finance etc. At the AfDB, we would like to support this agricultural revolution by intensifying excellence in our domains of comparative advantage. The AfDB will be utilizing its convening power to lead reflection on this issue.

67. That is why we are looking forward to, and must prepare well for, the Accra High Level Forum. Let us do stocktaking on the Paris Agenda achievements since 2005. But let us agree, in a pragmatic way, how to proceed. Let us proactively involve all emerging partners, including Foundations. I am encouraged by our cooperation with members of the Alliance for the Green Revolution in Africa and are prepared to participate in that process of identifying an effective complementarity.

68. THIRD: Gender. As we rethink agriculture; this is the opportunity to clearly bias policy in favour of more than half of Africa’s farmers, the old women and young girls tilling the land with bare hands to scrape a living. Recovery of our agriculture, which does not front load the interest of the women majority farmers, is doomed to fail. It is the condition for success. At the Bank we will focus on the issue of access to productive assets, rural financing, and economic opportunities for women including off farm activities, in collaboration with our work in the private sector, inside the fragile states and elsewhere. The Bank would like to be at the forefront in the context of its Gender Action Plan.

Climate Change: Common Differentiated Responsibility

69. Finally, as we search for the best way to providing response, we will be challenged even further by accelerating impact of climate change on our farming system. The Bali conference spelt out a road map on the global issues, but resources for adaptation remain limited. We are building our internal capacity to tackle climate change related questions. We are deepening our ability to mainstream climate issues in our operations. We are coordinating our actions with sister institutions. We are in particularly keen to expand our role in activities related to biological sequestration tackling unsustainable deforestation and adaptation activities. In this respect, you will be pleased to hear of the new initiative on the Congo Basin Ecosystems, an initiative housed in the Bank with generous support of the United Kingdom.

70. But I cannot over emphasize the all too crucial notion, that of giving meaning to “Common but differentiated responsibility”. Low income countries especially in Africa must be assisted with means for adaptation, and to bear the additional costs of a low carbon economy, and to develop clean sources of energy both grid and non grid. Our economies will simply be suffocated unless this happens. The whole of Africa South of the Sahara, excluding South Africa, has no more than 28 gigawatts of electricity, less than Poland! If our economies maintain the current pace of growth, I am told at the minimum we need to add an additional 4GW to our supplies per year. That can only come from massive investments into our hydropower potential, less than 4% of which is exploited so far, but also, other forms of renewable energy, especially important for the poor.

71. Mr. Chairman, Excellencies. Let me end my remarks by observing that our continent will face additional obstacles in 2008. There is no doubt. But we have come a long way and have always defied the odds. If our economies are now growing at 6%, double the 3% in 2000, it is not simply about world demand for our commodities. It is about the cumulative efforts of our people own creative efforts for peace, stability, which is creating confidence

and hope, which is now attracting investment from all corners of the world. The African Development Bank, your Bank, stands ready, as it has done over four decades to play its modest part. That is why we will spare no efforts to maintain pace of our internal reform process to always increase our response capacity. Yes, it is true we are a relatively modest player compared to many larger organizations in the world of development finance. But as the High Level Panel aptly put it, we are Africa’s Bank and we understand where Africa is coming from, its hopes and aspirations. It is that knowledge, that engagement, that commitment, we will bring to bear at this time.

72. Let me thank Your Excellencies, Heads of States, Mr. Chairman, the Bank’s Governors for the support. Let me say how grateful we are to our partners, sister institutions, for constructive collaboration. Let me commend our Board of Directors, Management and staff who strive everyday to make these achievements possible as we commit for an ever stronger Bank for Africa, in line with the dreams of its founding fathers; to fight deprivation and strive for the economic transformation of our continent, a battle which can be won in our lifetime.

Thank you for your attention.

OPENING CEREMONY ADDRESS BY THE PRESIDENT OF THE REPUBLIC OF CONGO (Brazzaville) H.E. DENIS SASSOU NGUESSO

Your Excellency Emilio Armando GUEBUZA, President of the Republic of Mozambique and Dear Brother, Mr. Chairman of the ADB Board of Governors, Mr. President of the African Development Bank, Honourable Ministers, Governors of the African Development Bank, Your Excellencies, Ambassadors and Heads of Diplomatic Missions, Representatives of International Organizations, Distinguished Guests, Ladies and Gentlemen

73. It is an honour and privilege for me to address this august Meeting. I therefore wish to extend my sincere thanks to my brother and friend, President Armando GUEBUZA, and all the people of Mozambique, for the warm hospitality given to my delegation and myself since we arrived in this great and beautiful country.

74. Furthermore, I also wish to convey the friendship and brotherly message from the Congolese people to the people of Mozambique.

75. The smooth organization of these Meetings also gives me the opportunity and pleasure to warmly congratulate Mr. Donald KABERUKA, President of the African Development Bank.

Your Excellency President GUEBUZA, Distinguished Guests, Ladies and Gentlemen,

76. In posing the problem of shared growth within a context of high urbanization, inequalities and poverty, particularly in Africa, the theme of our meeting reminds us of disruptive events relating to the international economic situation.

77. Here, I am thinking of the implications of subprime crisis which, a short time ago, shook, and is today still shaking, the developed economies.

78. I am also thinking, in particular, of the challenges posed by:

- the energy crisis, - the upsurge in the prices of food products, - the ever galloping urbanization, - and lastly, the growing poverty.

79. The increase in oil prices due mainly to demand far beyond refining and supply capacities, along with the depreciation of the dollar, are threatening the progress made in Africa recently at the economic level; the threat lies particularly in the serious problems faced by oil-importing countries.

80. One of Africa’s responses to the energy crisis lies in the need to work towards sustainable energy development supported by efforts such as:

- the implementation of national and regional power production and transmission projects based on the extension of networks and interconnections; and

- improved and increased access to electricity.

Your Excellencies, Ladies and Gentlemen,

81. Despite our rich and fertile soil, our continent remains one of the major importers of cereals in the world today.

82. This paradox, the causes of which are only too well known and need not be reiterated, makes the world food crisis a source of destabilization with untold impacts on Africa.

83. Faced with the current price hikes of food products, public authorities and financial institutions have the obligation to promote food security to support and consolidate peace on the continent. This is because where there is hunger, there can be no peace.

84. Indeed, the time has come to embark on bold policies to increase our agricultural production capacities.

The pressing and priority measures include:

- the disbursement of funds to support the efforts of our farmers; - increased food production for the local population, using efficient farming methods; and - the financing of infrastructures required for distributing agricultural products.

85. In addition, the struggle for the access of our products to the markets of developed countries and against government subsidies for farmers in the North should be pursued, with even more determination.

Your Excellencies, Ladies and Gentlemen,

86. Concerning urbanization, the year 2008 will mark a turning point in what is now commonly referred to as the “Urban Revolution”.

87. For the first time in history, more than 50% of the world population will live in urban areas, according to recent UNO projections.

88. While for some societies, urbanization is considered as a factor for promoting growth and improving the quality of life, in Africa this phenomenon can, on the contrary, hamper development. Indeed, the uncontrolled development of our cities, as a result of rural exodus, has serious and negative impacts such as:

- urban unemployment; - degradation of the living environment; - increased nuisance and pollution of the environment; - real estate crises, to mention but a few.

89. Under these circumstances, it is necessary to adopt bold development policies to reverse the trends of depopulation of our secondary towns and villages.

90. It is within this context that the Government of my country has, since 2004, been implementing a programme known as “Accelerated Municipalization”, aimed at revitalizing the hinterland, as well as increasing the population of secondary towns and making them areas with good living conditions. The sanitation of Brazzaville and Pointe-Noire, for which ADB contribution was sought, falls within this programme.

Your Excellencies, Ladies and Gentlemen,

91. With respect to poverty reduction, progress is possible, provided our generous intentions are translated into concrete action.

We therefore need to act!

92. Yes, we need to act through concrete measures, and fast, as required by the current situation of Africa, for which the achievement of the Millennium Development Goals by 2015 seems to be out of reach.

93. Good governance policies and measures, which lead to sustainable growth, protect the environment, and reduce inequalities, are appropriate ways of enabling Africa to meet the current challenges.

94. In our various countries, no stone should be left unturned to ensure that national poverty reduction strategies produce the expected results.

95. As regards the International Community, the duty of solidarity in poverty reduction efforts needs to be translated into concrete action, as a matter of priority. Consequently, increased official development assistance and donor support to our countries should help to establish and consolidate sustainable economic growth.

96. In this process, the role of regional support agencies, such as the ADB Group, remains vital, especially following the replenishment of the resources of the African Development Fund, which has helped to create a Facility for Fragile States.

97. I wish to seize this opportunity to commend the laudable initiatives of our regional Institution for the development of the Central African Forest Basin and the financing of studies on projects relating to the Consensual Transport Master Plan for Central Africa.

98. Indeed, one of the appropriate responses to the serious problem of poverty lies in the necessary consolidation of economic and social integration through the development of communication and telecommunication infrastructures that help to create employment, and control the flow of persons, goods and capital, while promoting the economies of scale.

99. This is the role of NEPAD whose implementation, though slow and difficult, is receiving attention and strong support from the ADB, which deserves, and I repeat, to be commended and congratulated on this laudable involvement.

100. Poverty reduction also requires the improvement of housing and the strengthening of agricultural production capacities. We no longer need to give priority to cash crops, as has been the case for a very long time, but rather to develop food production to satisfy the needs of the highest number of people. Hence the need for international financial institutions, foremost among which is the ADB, to support housing and agricultural banks through appropriate financing.

Your Excellency President GUEBUZA, Distinguished Guests, Ladies and Gentlemen,

101. Faced with the slippages of the increasingly less humane globalization, we need to put up a united front and pool our strengths to ensure our collective survival.

102. In view of the problems that cause challenges such as the energy and food crises, rural depopulation, and aggravation of poverty, international solidarity becomes, not only a duty, but also an absolute necessity.

103. As events have shown, we are now in a world where one man’s joy is not necessarily another man’s sorrow.

104. The joy of Africa is certainly in the absolute and resolute struggle for sustainable and equitably shared growth, controlled urbanization, and reduction of inequalities and poverty.

105. We will achieve all these goals with the contribution of all. The contribution of the ADB Group, Honourable Governors and Mr. President, is the most eagerly awaited.

Thank you.

OPENING STATEMENT BY PRESIDENT OF MOZAMBIQUE

H. E. ARMANDO EMÍLIO GUEBUZA,

106. We wish to express our appreciation and gratitude for having been selected to host the forty-third Annual Meeting of the African Development Bank Group. Your presence among us will attract the attention of the world to Mozambique and its hospitable people, especially the social contact, which will contribute to our being better known by more people on this planet.

107. Secondly, and because of this exposure to the world, we hope to attract the attention of more partners, including the private sector, to our potential and current conditions that are conducive to mutually beneficial partnership with an impact on the development of our beloved country.

108. We extend our warm welcome to all of you who have come to this Indian Pearl, and wish you an excellent stay in our country. Enjoy the great beauty of our capital city, which is a representation of the rest of our country. The presence of President Nguesso and the African Ministers is an honor for Mozambique, and encourages the ADB to move forward with its development programs for Africa.

Mr. President, Ladies and Gentlemen

109. African development is receiving substantial and sustained public and private sector investment in critical sectors such as: • agriculture and rural development; • economic and social infrastructures; and • education, health and water supply.

110. By incorporating these sectors in its programs, the African Development Bank Group comes out as a key partner for our Governments, as it helps to create appropriate conditions for promoting the well-being of our people. With solid experience, these sectors will facilitate ownership of development by the beneficiary populations, most of whom live in rural areas and struggle in extreme poverty with limited resources. Consequently, we call for endogenous development, with the involvement of the private sector, leading to:

• an increase in production and productivity in farming and the family income; • the creation of rural markets; and • the promotion of agricultural processing and generation of more jobs.

111. The achievement of these objectives will facilitate better use of locally available resources, and enhance the self-fulfilment and participation of more of our compatriots in national development. It is within this perspective that our challenges in rural areas are

addressed by the Green Revolution, technical professional training, reform of the public sector, and support for the business community.

Mr. President, Ladies and Gentlemen, 112. Mozambique has a positive balance sheet in its operations with the African Development Bank Group. We believe that this meeting, being held in our country, with the Governors and Board of the ADB under the same roof, will enable the various stakeholders of this institution to come into direct contact with Mozambican reality. In this way, they will be in a better position to evaluate the positive impact of the financial resources that have been made available to us, as well as the challenges that we still face. The direct financing to the State budget provided by the ADB:

• allows for better planning of Government activities;

• competes for greater ownership of the programs prepared by us as regards greater political autonomy in defining our priorities; and

• shows the confidence this financial institution has in our commitment, pledge and performance in the fight against poverty.

113. We hope that this mechanism will last long, and that the resources will be reinforced. With the support of the African Development Bank, we have recorded significant progress in the achievement of the Millennium Development Goals; indeed, the incidence of poverty fell from 54% in 2003 to 45% in 2009, as indicated in the Second Action Plan for Absolute Poverty Reduction. The civil society of Mozambique participated in the preparation of document, which gives priority to reforms in the public sector and improvement of the business environment.

Dear Participants in the ADB,

114. The development of the African Continent is a question of honor for mankind. When we entered the fight for self-determination and independence, we considered foreign domination to be an obstacle to the well-being of our people. Today, the agenda for overcoming hunger and poverty and ensuring the well-being of our people continues, and reverberates in all our countries.

115. In Mozambique, we feel that development should focus on the rural zones, both as the starting and as the final point. It is by making rural areas the core of planning and development that we will be able to overcome the challenges imposed by this agenda for economic emancipation. The problems of poverty in the rural areas, which are being rapidly urbanized, cannot be solved merely by price deregulation. On the contrary, the reality shows that measures for economic deregulation and flexibility in rural areas can even generate the opposite effects in the absence of actions aiming at addressing the causes of the isolation of rural areas from the rest of the national economy.

116. We recognize the difficulties faced by the majority of our honored guests in coming to Maputo. Many stop-overs had to be made in other continents, a fact which increased the flight time a lot. These same difficulties, which are due to lack of transport and communication infrastructures linking the various regions and production centers to the

consumption centres, are our day-to-day reality. However, free operation of the market presupposes the existence of infrastructure that facilitates transport and communication.

117. Providing infrastructure in the rural areas, along with efficient institutions for public services, is the greatest challenge that we face in the battle for the development of this Indian Pearl. The African Development Bank Group has a key role to play in this process:

• as our consultant and counsel; • as our financier and, generally, as knowledgeable of the political, economic and social reality of Mozambique.

118. We are therefore accelerating the construction of infrastructures in rural areas to provide rural markets with facilities dimension that are more economically and socially useful and have greater impact on our development process.

President Nguesso, Ladies and Gentlemen,

119. This event is taking place at a time when the world is facing difficult times that tend to put our development projects at risk. In addition to the international fuel prices that have been steadily increasing, we now are struggling with the rise in food prices. Information from different sources continues to surprise us with new record per-barrel oil prices, and the disastrous effects of food prices.

120. International price variations have an impact on the production sector, balance of payments and the Government budget. Therefore, more than just a food security issue, we are facing an economic and social problem of huge proportions. The African Development Bank Group, under the wise and dynamic leadership of Mr. Donald Kaberuka, a man of action and always eager for results, has been playing a key role in the search for solutions to this problem. We appeal to the entire international community to become committed to the collective search for solutions to this challenge, whose impact on countries like ours may undermine our plan for the fight against poverty, as well as compliance with the Millennium Development Goals. We hope that in the already charged agenda of this meeting, there will be room for consensus on the path to follow. Nevertheless, we must act more quickly than the increases in oil prices and the imminent food crisis. We will transform the challenge of this difficult situation that we are about to face into an opportunity to reinforce our partnerships and increase the pace of development in our countries.

Mr. President, Honorable participants,

121. We commend the new initiatives developed by the African Development Bank Group in recent years, concerning: • the adjustment of operational strategies to the priorities and specific context of each state;

• the undertaking of institutional and management reform; and

• the timely response to the needs of our countries.

122. Our message of deep appreciation and encouragement goes out to the financiers of the African Development Bank Group, and to our partners from other geographical areas, so that they may continue to allocate resources to our African Development Bank programs. They should also continue to develop this intelligent partnership for the well-being of Africans and the progress of all peoples in the world. The way ahead in our efforts to achieve our objectives is long and complex. However, we are confident that with the commitment and support from all of us, the Bank will satisfactorily fulfill its mandate and continue to play a key role in promoting development on the continent.

123. We reiterate the commitment of our Government in continue collaborating with the African Development Bank Group to make Africa not only a continent of hope, but also of peace and prosperity.

124. On this note, I have the honor of declaring the forty-third Annual Meeting of the African Development Bank Group open.

Thank you very much for your attention.

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND ADB/BG/2008/43/SR/Prov.1 ADF/BG/2008/34/SR/Prov.1

PROVISIONAL SUMMARY RECORD OF THE PLENARY SESSION OF THE BOARDS OF GOVERNORS

Held at the Joaquim Chissano International Conference Center

Maputo, Mozambique, 15 May 2008 at 10 a.m.

A. PRESENT

1. For the Bureau of the Boards of Governors

Chairperson H.E. Mr. Aiuba CUERENEIA Governor of the Bank of Mozambique, Governor for Mozambique, Chairman of the Boards of Governors

1st Vice Chairperson H.E. Albert KOENDERS Governor for the Netherlands

2nd Vice Chairperson H.E. Mr. BAAH-WIREDU Kwadwo Governor for Ghana

2. For the Bank Group Management

President of the ADB Group Dr. Donald KABERUKA

Secretary-General Mr. Kordje BEDOUMRA

Acting General Counsel Mr. Kalidou GADIO

B. CONTENTS: o Adoption of the Report of the Joint Steering Committee

o Governors’ Statements in the order they were delivered

Adoption of the Report of the Joint Steering Committee

125. The Boards of Governors, at their First Sitting, adopted the Provisional Agenda for the Annual Meetings. The Rapporteur, the Governor for Congo, read out the Report of the Joint Steering Committee of the Boards of Governors of the African Development Bank and the African Development Fund, which met on Monday, 12 May 2008, at the Joaquim Chissano International Conference Center, Maputo, Mozambique. Present at the meeting were Mr. Donald KABERUKA, President of the African Development Bank Group together with representatives of Congo (Brazzaville), Kuwait, Lesotho, Nigeria and Norway.

126. The Boards of Governors thanked the Governor for Congo (Brazzaville) for the report, and took note of the opposition of the United States of America to the net income allocation proposals in favour of the Middle Income Countries’ Trust Fund and the African Fertilizer Financing Mechanism.

127. In accordance with the procedure adopted at the 2002 Annual Meetings, the Boards of Governors approved the recommendations put forward by the Committee and adopted the relevant resolutions. The Report of the Joint Steering Committee is attached as Annex.

GOVERNORS’ STATEMENTS

Statements by representatives of the following countries: Mozambique, Cote d’Ivoire, Tunisia, Zambia, Uganda, United Kingdom, France, Tanzania, Germany, South Africa, United States of America, Norway, Senegal, The Netherlands, Rwanda, Nigeria, Portugal, Namibia, Morocco, Finland, Turkey, Mauritius, Liberia, Austria, Kenya, Guinea Bissau, Guinea, Ghana, Switzerland, Ethiopia, Burundi, Sweden, Botswana, Algeria, Spain, Egypt, Saudi Arabia, Korea, Japan, Italy, India, Togo, Denmark, China, Canada, Brazil, Belgium, Chad, Sierra Leone, Mauritania, Lesotho, Seychelles.

STATEMENT BY GOVERNOR FOR MOZAMBIQUE

Dr. GOVE ERNESTO GOUVEIA

128. Once again, I wish to welcome all participants in this meeting, and express my sincere thanks for your presence.

129. I have the honour to be here with His Excellency Armando Emílio Guebuza, President of the Republic of Mozambique, and Honorable Aiuba Cuereneia, Chairman of the Board of Governors of the African Development Bank Group, to express our appreciation and gratitude for holding this Annual Meeting in Mozambique, as well as present the economic vision of our country.

130. I wish to commend the African Development Bank Group for its achievements since the last Annual Meeting held in Shanghai, particularly the success of the 11th Replenishment of the African Development Fund, which for the first time recorded the participation of the following four African member States: Central African Republic, Sierra Leone, Tanzania and Mozambique.

131. These countries participated as active stakeholders and presented the socio-economic realities facing African countries, which enabled the partners of the African Development Bank Group to better understand the challenges faced by Africa.

132. The meeting produced an agreement for the 2008-2010 period for a total of UA5.76 billion (approximately US$ 8.9 billion), thus creating a record level of support, with a 52% increase over the 2005-2007 period.

133. I would also like to mention the preparation of the Medium-Term Strategy for the 2008-2012 period, focusing on:

134. My congratulations on the work accomplished by this financial institution.

Thank you for your attention.

STATEMENT BY GOVERNOR FOR COTE D’IVOIRE

Mr. PAUL-ANTOINE BOHOUN BOUABRE

Mr. Chairman of the Board of Governors, Honorable Governors, Mr. President of the Bank Group,

135. Permit me firstly, on behalf of my delegation to these Annual Meetings, to convey our sincere gratitude to the people and Government of the Republic of Mozambique for the warm welcome and the hospitality we have enjoyed since our arrival in this beautiful country.

Mr. Chairman,

136. The year 2008 is mid-way to the target dates set by the United Nations for attainment of the MDGs. The continent is not on track to achieve the objectives set in 2000. 2008 further marks the inclusion on the international agenda of the links established between climate change and development since the Bali Summit. Lastly, 2008 has been marked by the sharp rise in the prices of food commodities along with those of petroleum. This situation has plunged populations into deep crisis in Africa and throughout the world. We are endeavoring to identify its economic and structural causes, but for the time being we are suffering the consequences, the grave consequences.

137. The African Development Bank, Africa’s premier finance institution, which is promoting the continent’s development, should contribute to this international agenda. The Bank has to that end set out a number of priorities in its Medium-term Strategy. I support that strategy and particularly endorse the priorities relating to (i) infrastructure; (ii) higher education; (iii) fragile states; and (iv) climate change.

138. I wish to commend the Board of Directors, the Management and staff of the Bank for the institutional reforms undertaken with a view to rendering the Bank more operational and gearing its activities towards results, and also to bring the institution closer to its beneficiaries in accordance with the relevant Resolution adopted by the Board of Governors in May 2004 in Kampala.

139. I am keenly awaiting the outcome of these reforms in terms of improvement of the key project indicators such as the increase in the average disbursement rate, reduction of the number of non-performing projects and the increase in the number of project supervisions by field office staff.

140. Lastly, I welcome the Bank’s additional initiatives, notably the excellent work done by the High Level Panel concerning investment in Africa’s future. This study conducted by President Joachim Chissano and Prime Minster Paul Martin, provides reassurance concerning the future of our institution and of our continent. I extend my sincere congratulations to them, as well as the members of the High-Level Panel.

141. However, to speed up progress towards the MDGs in Africa, I believe the Bank should raise the level of priority accorded to health, education and agriculture. In that regard, I encourage the Bank to support the African countries that are least equipped to face the world food crisis, by re-evaluating the agriculture policies and providing an appropriate response to the issues of food security as well as energy security which constitute the challenges of the 21st century.

142. To meet these challenges effectively, the Bank must have resources. This, Ladies and gentleman, is why I welcome the eleventh Replenishment of the African Development Fund. I am convinced that ADF XI can only carry through its role of integration and solidarity on our continent if the resources reach a significant critical mass. I am further convinced of its importance as an indispensable platform for successful implementation of the programs of assistance to low-income countries. I therefore applaud the level of contributions obtained in comparison to ADF X and thank the donor countries for the sacrifices they have made.

143. This is the opportunity to express my country’s full gratitude to the authorities and people of Nigeria on the occasion of the extension of the Nigeria Trust Fund for a period of ten years. This fund has been contributing to the financing of economic development and social action in Africa for three decades.

144. In the face of our continent’s increasing needs, I appeal to all those African countries that have seen their financing capacity improve, given the trends on the raw material markets, to rally behind the same cause and strengthen the Bank’s resources.

145. In return, I call on the beneficiary countries to undertake to unreservedly use the resources obtained in the best interest of their populations.

Ladies and Gentlemen

146. Despite the acute food crisis and our lagging behind other regions of the world in development, I have good reason to place hope in Africa; reasons which I draw from the Bank’s Vision, its new Medium-term Strategy, the recent ADF XI replenishment and the reassuring conclusions of the study of the high Level Panel on the future of the continent and of ADB.

147. I also derive hope from the Bank’s responses to the African emergencies. This is why I salute the initiatives announced by President Kaberuka to mobilize additional financial resources and restructure the Bank’s portfolio with a view to making agro-inputs available. This is an opportunity to congratulate ADB on its ambitious strategy of assistance to post- conflict countries, adopted in 2004. Lastly, I am pleased at the conclusion of initiatives such as the Water Facility and Fragile States Facility (FSF), which cover the essential steps for reconstruction of basic infrastructure and clearance of the arrears of the HIPC-eligible countries.

148. Cote d’Ivoire is today a post–conflict country like others. And like others it is benefiting from the new Bank initiatives and instruments. I take the opportunity to reiterate my thanks to President KABERUKA and the Management and staff of Bank for the numerous efforts devoted to maintaining the cooperation with my country. Mr. President, permit me also to congratulate the Boards of Directors and commend you for your approval

and signing of the Post conflict grant agreement. You signed this grant agreement yourself in Abidjan, during your visit from 27 to 29 February 2008.

149. I wish, in conclusion, to express satisfaction with the visit to Cote d'Ivoire of a large delegation of regional and non-regional Executive Directors, from 9 to 12 March 2008. We cannot forget the salient and sustained efforts of the Cote d’Ivoire-ADB Bipartite Committee, which has been working tirelessly for the institution’s return to its headquarters.

Thank you.

STATEMENT BY GOVERNOR FOR TUNISIA

Mr. MOHAMED NOURI JOUINI

Mr. Chairman of the Board of Governors, Honorable Governors, Mr. President of the Bank Group, Ladies and Gentlemen

150. It is for me an honor and an immense pleasure to address the Annual Meetings of the African Development Bank Group being held this year in Maputo, this charming capital of Mozambique.

151. On behalf of the Government of Tunisia, I wish to express my sincere thanks to the people and Government of Mozambique for their hospitality and the warm welcome they have extended to us.

152. My sincere thanks also go to the staff of ADB, ably headed by President Kaberuka, for the excellent organization of this event.

153. I also applaud the successes achieved by the Bank in the institutional reform process.

154. We are pleased with the progress the Bank has made and satisfied with the reassuring financial results it has obtained and its judicious allocation of net income. This allocation in fact meets the expectations of all the regional countries, particularly the middle-income countries, and bolsters the Bank’s financial situation and credibility by strengthening its reserves. This will no doubt consolidate the International Community’s confidence in the Bank.

155. In this regard, I wish to thank all the donor countries that have so generously contributed to the Eleventh ADF Replenishment.

156. I also take the opportunity to congratulate Turkey on becoming the 78th member of the Bank and I am certain that it will make a valuable contribution to our continent’s development efforts.

157. In addition, we are satisfied with the Bank’s orientation in increasing its competitiveness and announcing its intention to improve its financial terms in the near future. We look forward to the continuation of this positive reform drive.

158. It is clear that the Bank has made immense consolidation and improvement efforts, and its perseverance will enable it to achieve the remaining goals with the desired success.

159. Based on its financial soundness and the confidence that the international community has placed in it, the Bank is set to become increasingly effective and efficient, while meeting the various expectations of its regional members, individually and collectively.

160. The Bank is thus required to double its efforts to strengthen and develop the private sector window, working through the local financial and regional institutions and backing up their efforts. It should aim to better meet the operators’ expectations, notably through greater diversification of its instruments for this sector, by providing risk capital financing, establishing specific funds to stimulate enterprises in innovative and high-value added sectors, such as seed funds and spin-off funds, and lastly, constituting a guarantee fund to facilitate SME access to classical funding.

161. In addition, to ensure the increased effectiveness of its interventions in its regional member countries, and while embracing the policy of concentration of its interventions that it is currently pursuing, we believe the Bank can further reduce its transaction costs and align its action on efficient national systems, notably for procurement.

Ladies and Gentlemen

162. We are convinced that the Bank will pursue its role to meet the challenges facing our continent. It will do so taking into account the world economic trends, which raise concerns for most African countries and are interfering with the attainment of the Millennium development goals.

163. Despite the encouraging factors noted in recent years bringing renewed hope and assurance for the majority of the countries on the continent, which have advanced significantly, particularly in terms of economic growth, we know that the current global economic developments and the adverse change in the international economic situation since 2007 could compromise the process underway.

164. We know our meetings are being held in a context marked by rocketing oil prices and record prices for several commodities, especially food. This situation puts pressure on our countries and is cause for concern, since it leads to higher production costs and the deterioration of public finances and has sorely tested the socioeconomic balances of most African countries. The specter of the famines that we thought long gone may well resurface.

165. In the face of this situation, it becomes imperative that the international community moves to action in a surge of solidarity, and major adjustment efforts are required of all actors, particularly ADB.

166. In this regard, ADB can and should assume a lead role in adopting urgent measures such as the establishment of an emergency fund to assist net petroleum importing countries and encouraging regional countries to set up more viable production systems (for protection of the environment, investment in renewable energy resources, water control and support to the agriculture sector).

167. I call on all of Africa’s partners to stand by our continent in these crucial moments and support ADB’s effort at reviewing the aid and cooperation instruments with a view to gearing them to the real development needs of African countries, the least developed as well as middle-income countries.

Ladies and Gentlemen,

168. As one of the net importers of the commodities concerned by the rising prices, Tunisia is equally exposed to the negative repercussions of this new situation. However we remain confident in our economic and social choices in this situation and make adjustments as required. In particular, we will continue implementing our reform and investment program in conjunction with our partners, notably ADB, with which Tunisia has had special relations for over 40 years, resulting in the cumulative financing of development projects to the tune of 5 billion USD. This cooperation will surely be strengthened under the 11th five-year economic and social development plan to be implemented up to 2011.

169. In addition, our country has been sparing no efforts to ensure the Bank and its staff of a favorable working environment, ever since their temporary relocation to Tunisia.

170. Tunisia intends to continue offering the Bank and its staff optimal conditions, pending the return to its headquarters in Abidjan.

171. I sincerely thank all who have shown esteem and friendship towards Tunisia.

Thank you for your attention.

STATEMENT BY GOVERNOR FOR ZAMBIA

Hon. PETER NG’ANDU MAGANDE

The President of the African Development Bank Group, Your Excellencies and Representatives of Governments, Ladies and Gentlemen,

172. I wish to thank the government of the republic of Mozambique for the hospitality shown in hosting the 43rd Annual Meeting of the Board of Governors of the African Development Bank Group and the 34th Annual Meeting of the Board of Governors of the African Development Fund, whose theme is “Fostering Shared Growth: Urbanisation, Inequality and Poverty”.

173. Let me also take this opportunity to thank the African Development Bank for organizing this year’s Annual Meeting that will provide a very important forum to discuss opportunities in fostering growth on the African continent.

174. By the unanimity of our approval of the report of the Joint Steering Committee, the Bank is indeed in safe hands and implementing its mandate in a satisfactory manner. I salute the President and Staff for a job well done.

Ladies and Gentlemen,

175. Allow me on behalf of the Government of the Republic of Zambia to express our gratitude and appreciation to the African Development Bank Group for their continued support to our efforts towards wealth creation in our country. The Bank has continued to support programmes in the agriculture, health, education, water and sanitation, transport and energy sectors, which are key to Zambia’s development agenda.

Ladies and Gentlemen,

176. The theme for this year’s Annual Meeting is most appropriate in view of the growing disparity in development within countries. There is need for African countries to achieve adequate economic growth to substantially reduce poverty and enhance equity in the distribution of wealth.

Mr. President,

177. African countries continue to face the challenges of achieving a shared and sustained economic growth. Some of the challenges faced include the failure by governments to prioritise programmes that would transform their economies. We continue to implement policies that overlook some sectors of the economy in the development processes.

178. Issues of equity are also sidelined, resulting in dual economies and a skewed distribution of wealth among citizens. In this instance development is more skewed towards the urban areas leaving a large part of rural Africa under-developed.

Mr. President,

179. More often than not, Africa also faces the challenge of capacity building and utilisation, which usually affects the achievement of the intended objectives of Government programmes. This is partly as a result of failure to adapt or transfer information and technology. This has also contributed to failure to achieve shared growth at a global level.

180. The other daunting challenge is the vulnerability of many of our economies and lack of resilience to external shocks. For instance, increased food prices in the international market have led to food insecurity in many countries in africa. Most African countries have low productivity and will be adversely affected by the increase in food prices. We are all aware that food insecurity will increase poverty levels amongst many of our populations.

Mr. President,

181. Being aware of the enormous challenges facing all of us, there is need to come up with strategies and policies that are aimed at fostering a shared growth and wealth creation and ultimately reducing the drifts from rural to urban areas.

182. In order to achieve and foster sustainable growth, there is need for African countries to develop policies that are outward looking, especially in the natural resource sectors, where Africa has a comparative advatange. This entails developing a modern agriculture sector that promotes product diversification. There is also need for a macro-economic environment that is conducive for promoting effective participation of the private sector. This should be complimented by a well developed and maintained socio-economic infrastructure.

183. The energy sector plays an important role in attracting productive investments. The current crisis requires that we invest in more energy generating capacities as well as search for more affordable energy sources.

Mr. President,

184. In the management of our nation states, we need to pay attention to the principles of good governance as they play a major role in ensuring that equality and equity prevail in our economies. Good governance also ensures efficiency and effective delivery of public services.

185. We must identify programmes that are aimed at broad based wealth and job creation and encourage full participation of citizens.

186. Food insecurity in Africa has become a major challenge to African countries. This calls for an urgent response by local development institutions and cooperating partners to support programmes that make the agricultural sector more productive. The increase in agricultural production and productivity will help the rural areas of Africa to participate in wealth creation.

Mr. President,

187. Given Zambia’s abundant land and water resources coupled with good weather I am convinced that Zambia can play a major role in the region by producing surplus food for food deficit countries. To do this we need assistance for inputs such as fertiliser, farm equipment

and funding for feeder roads. Already in the previous two farming seasons, Zambia had produced enough food for its own consumption and sold the surplus to the world food programme and neighbouring countries.

188. With regard to the African Development Bank, I would like to use this forum to request the ADB to scale up its assistance, including research and financial support and by assisting African governments in identifying programmes that will bring about social and economic development to a majority of the populace.

189. Given that Africa is the continent to be severely hit by the food crisis, we welcome the measures you have announced to mitigate the impact. We strongly believe that the measure you have just announced and the general operations of the Bank will be enhanced by the decentralisation programme which you are already implementing. We urge that the decentarlisation can further be enhanced to make the Bank’s response to the needs of its member states more relevant and appropriate.

I thank you.

STATEMENT BY GOVERNOR FOR UGANDA

Hon. Dr. EZRA SURUMA

Mr. Chairman, Your Excellencies the Governors of the ADB Group, The President of the ADB Group, Ladies and Gentlemen,

Mr. Chairman,

190. On behalf of the Ugandan delegation and on my own behalf, I wish to congratulate the authorities in Mozambique for the cordial welcome and the excellent hospitality extended to us ever since our arrival in this magnificent city.

191. Permit me also to thank the President of the African Development Bank, the Executive Directors and the staff of the ADB Group for the excellent arrangements they have made for these meetings. Last but not least I wish to thank you Mr. Chairman, for the excellent and efficient way you have guided the conduct of the affairs of this meeting.

Mr. Chairman,

192. Uganda is proud to be associated with the ADB whose major focus in the continent is combating poverty. The global adoption of the Millennium Development goals some years ago is a reminder that, poverty and hunger are still the main challenge to humanity that most must be tackled with utmost urgency. To date extreme poverty persists especially in Sub- Saharan African where ¾ of the population of 1.1 billion live in rural areas. Our small holder farmers, fishermen and herders are faced with a great diversity of challenges such as climate change, landlessness, inadequate and dilapidated infrastructure and poor financial services.

193. Mr.Chairman, I wish to commend the ADB for the great contribution it has made towards the eradication of poverty in Uganda. The relationship between ADB and Uganda started in 1968. Since then, the ADB has financed programs with a total portfolio of over US $ 1.1 billion, in development operations and in partnership with local communities and institutions. While some of the programs have been since completed, the Bank’s current operational portfolio consists of 16 projects representing a commitment of UA 310.15 million.

194. As we look to the future, I wish to take this opportunity to welcome the efforts which the Bank President Mr. Donald Kaberuka has made to increase the loan resources of the Bank and the reforms he has spearheaded to ensure that more resources are disbursed to the projects within the agreed schedules.

195. Mr. Chairman, Uganda calls on the ADB to continue to intensify its efforts to strengthen both national and regional infrastructure and poverty eradication. The Bank should pursue policies which lead to developing African infrastructure so that the continent can benefit from economies of scale especially by helping to invest in regional infrastructure such

as hydro electric power generation, railways and a good road network to facilitate movement of people and goods within the continent.

196. Uganda also calls upon the ADB to actively promote and implement a sustainable agricultural revolution in Africa. This is the time to implement regional capacities in the production of fertilizers that can help to increase agricultural productivity to make Africa self-sufficient in food supply and even a net exporter of food as the demand for food becomes a major factor in the global economy. It is difficult to see how else Africa can significantly increase food production if it does not develop the capacity to manufacture the key ingredients required for agriculture. The African development Bank may be best placed to arrange the complex financial public- private partnerships required for this important agro- industrial revolution.

197. Mr. Chairman, let me once again affirm Uganda’s determination and commitment to work for the strengthening of the ADB as a vibrant and effective institution that will bring prosperity and progress to the people of Africa.

I thank you for listening to me.

STATEMENT BY ALTERNATE GOVERNOR FOR UNITED KINGDOM

Hon. GILLIAN MERRON

Mr. Chairman, President Kaberuka, Fellow Governors, Ladies and Gentlemen

198. I should like to endorse the thanks offered by other speakers to the Government and people of Mozambique for hosting this event so effectively. I am delighted to be here, and to have had the chance over the last couple of days to see some of the work we are supporting in Mozambique. I have been encouraged by what I have seen. There is clearly real progress being made in tackling poverty here, and I congratulate the Government of Mozambique on this.

199. We said last year in Shanghai that 2007 should be a pivotal year for the Bank. It has been. The ADF 11 Replenishment represents a great vote of confidence in the Bank’s potential and in the strength of its leadership. The independent High Level Panel has set out a compelling vision for the future of the Bank in the international system. And the draft Medium Term Strategy puts us firmly on the right path to get there. We look forward to the Bank playing an increasingly prominent role not only in providing finance, but also as a trusted adviser and advocate for Africa.

200. Mr. President, I applaud the Bank’s achievements over the past year. In addition to these more high profile developments, the Bank, under your leadership, has shown commitment and perseverance in making the sustained progress on institutional reform that is essential to improve the Bank’s effectiveness. I welcome in particular the increased staffing of field offices, to enhance the quality of services the Bank provides. I also applaud the way in which internal processes have been changed to speed up the delivery of programmes and improve their quality. Of course, much more remains to be done but we are confident that the Bank is on the right track.

201. Mr. Chairman, the challenge for the Bank now is to deliver results. In the end, results – the positive changes we can bring about in the lives of poor people – is all that matters. We are only 7 years from 2015, but on current trends, decades away from achieving the MDGs. Making faster progress is urgent, and we all need to do our part. So what do we hope to see the AfDB do in the coming year to deliver results?

• Embed a results culture. We have a framework for results, but the Bank needs urgently to strengthen systems and staff capacity to ensure that results drives everything the Bank does. Staff need to be clear what is expected of them and management will need to lead by example. Targets are very useful – setting out the goals and standards, and an essential element is learning from experience.

• As part of this, it is essential that field offices are equipped to deliver results. More decision-making needs to be delegated to the field, recognizing the importance of the Bank being responsive, of participating in policy dialogue with others, and of projects not being held up unnecessarily. More task

managers should be based there, allowing better dialogue and supervision of projects.

• Capacity is also critical. The Bank has done an excellent job in filling its vacancies with high caliber staff, both in headquarters and in the field. The next stage is to look at the skills that it has, identify gaps and weaknesses, and redeploy staff where they would perform better in other posts. Additional administrative resources may be needed, but first, the Bank needs to make best use of the resources it has.

• I particularly want to highlight capacity in two areas. The first is gender. I noted earlier that we are a long way from achieving the MDGs. That is particularly true in respect of women and girls whose daily lives are blighted by disadvantage and discrimination. The Bank has a Gender Action Plan, and I place high importance on that being updated and implemented. The second is climate change. We welcome the agreement to the Clean Energy and Development Investment Framework, but it is clear that the Bank needs more expertise to fulfil its role in helping countries plan for climate change.

• And as well as using its staff well, the Bank needs to make better use of its capital resources. We welcome the debate that has occurred over the past year. But we are not yet convinced that we have a credible strategy for using those resources. Part of the answer lies in increased private sector operations, given that it is the private sector that will create wealth and jobs. But we need more analysis in the coming year on the way in which this capital can best be used to deliver development and poverty reduction in Africa. We support the High Level Panel’s call for innovation and for greater differentiation in the way the Bank supports its diversed clients.

• And in all this focus is going to be essential. There will always be calls to do more, and each will have its merit. But we have agreed on a small number of areas where the Bank can make the best contribution to the MDGs over the next few years. I believe that only by delivering excellence in a narrow field will the Bank be able to make the case for a wider and larger role in the future.

202. And while we focus on the actions needed to build the institution into the premier development institution in Africa, we are conscious of current challenges that need a response.

203. The recent rise in food prices is a particularly urgent problem, and I am pleased that the Bank is taking a leading role within the international community in finding solutions. I am glad President Kaberuka came to Downing Street to play an important part in the high level meeting hosted by our Prime Minister. The approach that President Kaberuka has outlined is right – focusing on investments that will enable agriculture to become more productive, providing much needed short-term assistance, and working with others to ensure effective support.

204. Mr. President, this is a challenging ‘to do’ list. Our experience gives us confidence that you and your colleagues will rise to the challenge.

We wish you good luck.

STATEMENT BY TEMPORARY GOVERNOR FOR FRANCE

Mr. JULIEN RENCKI

Mr. Chairperson of the Board of Governors, Honorable Governors, Mr. President of the African Development Bank Ladies and Gentlemen,

205. Africa is today suffering the full impact of rising commodity and food prices. I am aware that we all share the same feelings of urgency in the face of this situation.

206. France has already announced the doubling of its food aid in 2008 and several among us here have thus responded to the appeal launched by the World Food Program.

207. I believe that this rapid mobilization of the international community, combined with the efforts of African governments, will help to avoid the worst.

208. However, this food crisis reflects the structural fragilities of African economies: food dependence, weak food crop production, inadequate connection of local and regional markets, etc. In turn, this diagnosis is revelatory of other challenges: infrastructure development in the areas of irrigation, transport or storage; capacity building and stimulation of productivity; regional integration as well as access to credit and development of financial systems.

209. In announcing its Action Plan on 2 May 2007, the African Development Bank deliberately placed its medium- and long-term action within that ambit. With one billion US dollars of additional commitments and a 250 million US dollar maneuver margin per redeployment, the Bank made an initial response which I must welcome.

210. The choice of long-term action is also France’s, within the framework of the Action Plan announced by President Nicolas Sarkozy on 22 April 2007. Indeed, France undertook to commit one million Euros over the next five years to agriculture and rural development in Africa.

211. However, despite this welcome convergence, I would like to emphasize two dimensions that the African Development Bank can consolidate:

• Firstly, the Bank should release resources to provide budgetary support to countries in immediate need of such support. President Kaberuka has just proposed that we mobilize resources from the surplus account which now has 50 million US dollars, including this year’s allocation. France welcomes this initiative and will give it its full support.

To identify countries that need budgetary support in priority, objective allocation criteria should be set forth, in agreement with other multilateral actors, including the IMF.

• Secondly, I note that the Bank lacks a rapid response instrument: this is attributable to the current rigid allocation system. To assist African countries facing pressing budgetary difficulties, France would want the Bank to immediately brainstorm on ways and means of rendering its resources management more flexible through the acquisition of such a rapid response instrument that could take the form of an ad hoc facility or a rapid response window to deal with exogenous shocks.

Ladies and Gentlemen,

212. With your permission, I would not only want to address the issue of the food crisis that is facing us. I would also insist on the reasons for hope, and on the trust that France has in Africa and the African Development Bank.

213. Indeed, the African Development Bank has changed considerably in recent months and years, at an unprecedented pace.

214. First, it undertook comprehensive internal reforms: by conducting a massive recruitment process which enabled it to strengthen its expertise and to shift the Bank’s center of gravity to country teams; by engaging its decentralization process which resulted in the opening of 23 field offices, or by revising the Board approval framework to refocus on strategic challenges, thus gaining in effectiveness, etc. All these reforms interlock consistently and present a renewed face of the African Development Bank – a more effective Bank, closer to its customers - through which it should have a more significant impact on the continent’s development.

215. At the same time, the Bank has crafted for itself a clear strategic vision that is shared by all its shareholders. The High Level Panel played a prominent role in that regard. I would like to pay homage to the Panel’s work, even as I would here salute the ADF replenishment negotiations which gave orientations and renewed impetus to the Bank, be it in its efforts towards greater selectivity, enhanced support to regional integration, the fight against non- concessional loans or the fragile States strategy. To this list, I would add the private sector development strategy approved by the Board last January, which is of great importance to the Bank’s strategic plan.

216. Last but not the least, the Bank has considerable financial resources to grow in strength and gradually stand out as the Continent’s reference donor:

• The ADF replenishment ended on a historic result with a 52% increase of its commitment capacity; and

• For its part, the AfDB has a considerable growth potential largely confirmed by studies conducted by Citibank and Goldman Sachs. With a capital margin of nearly 1.5 billion Units of Account, the Bank has the capacity to double its portfolio in the coming years, even if it would simultaneously need to strengthen its risk control functions.

217. France is determined to accompany the African Development Bank in this growth strategy:

• Not only as a shareholder and Board member, by supporting the reform dynamics propelled by President Kaberuka;

• But also as a donor, as we demonstrated during the ADF replenishment by providing the second largest contribution to the tune of more than 600 million US dollars;

• And as an operational partner: especially in the development of the African private sector for which President Sarkozy launched an African Growth Support Initiative to the tune of 2.5 billion Euros; but also in the education sector, for instance, on which we have made very ambitious undertakings with our British partners with a view to enrolling 16 million additional children by 2010, thus bringing Africa back on the trajectory of the Millennium Goals.

218. It is this message of trust and mobilization that I wished to share with you, on behalf of France and on the eve of our assuming the presidency of the European Union.

Thank you for your attention.

STATEMENT BY GOVERNOR FOR TANZANIA

Hon. MUSTAFA HAIDI MKULO

Mr. Chairman, The President of the African Development Bank Group, Honourable Governors, Distinguished Delegates, Ladies and Gentlemen,

219. On behalf of the Government of the United Republic of Tanzania and on my own behalf, I would like to express my sincere gratitude and appreciation to the government of the Republic of Mozambique and its people for hosting this meeting and for the warm reception and hospitality accorded to me and my delegation. I would also like to thank and commend the ADB Group for the excellent arrangements they have made to make these meetings a success.

220. Mr. Chairman, last year in Shanghai, we proclaimed 2007 a “Year of Delivery” and we have lived to see the Bank Group slowly shifting from the ‘traditional culture of benchmarking its success almost solely on the volume of project and programme approvals’ to paying more attention to ‘the rate of implementation of its projects and programmes on the ground. We have witnessed the opening of more Field Offices in Member Countries reaching 23 by December 2007. Allocations of resources were increasingly made to reward performance under the PBA framework and special attention and emphasis was directed towards regional integration as well as initiatives aimed at scaling up support to fragile states. This is a clear indication that the Bank is people centred and focusing on delivery and results on the ground.

221. Mr. Chairman, I also want to commend the Bank and the donor community on very successful negotiations of the Eleventh Replenishment of the African Development Fund, which took place for much of last year and concluded in London at the end of 2007. My country, along with Mozambique, Central Africa Republic and Sierra Leone, had the privilege to participate in the Consultations and witnessed an almost doubling of the replenishment level. This was record level of replenishment since the establishment of the Fund. This commitment is clear indication of the confidence and sense of optimism the donors now have in the Bank Group and Africa in general.

222. However, the process for negotiating replenishment of ADF resources can further be improved by expanding the involvement of the African countries in the replenishment negotiation process. This has the advantage that it will provide the Deputies the opportunity to interact and share experiences with a diversity of potential beneficiaries of the ADF and therefore get a better understanding of the nature and magnitude of problems faced and priorities of Africa. I believe this kind of interaction will enhance the Bank’s ability to provide appropriate assistance that can make greater impact.

223. Mr. Chairman, in almost every African country, inadequate energy, transport and communication infrastructure appear at the top of the list of major bottlenecks to growth and development. About 30% of the population of Africa live in landlocked countries and the rest

lack adequate links. It is encouraging to note that the Bank is now focusing on infrastructure development, with special emphasis on transport projects. I believe this is the right choice and would want to commend the Bank for focusing effort on this important sector for our development. I am confident this intervention by the Bank will contribute significantly to the pace of regional integration. At the same time, the Bank should sustain its focus in Education and Health.

224. Mr. Chairman, another important area where the Bank’s support is needed is in the creation of capacity in contracting for large construction projects. For majority of African countries, capacity for this important function is lacking largely due to lack of capital, essential equipment and experienced personnel. As a result, local contractors cannot take up large construction projects in Africa and therefore their opportunity to build capacity in terms of human resource expertise, equipment and experiences are compromised. I am pleased to note that the Bank has already realized this weakness and has planned to conduct a study in East Africa in collaboration with the East African Community that will come up with recommendations on how to improve the situation. Similar efforts in other areas such as trade and general entrepreneurship would enhance Africa’s competitiveness against the rest of the world.

225. Mr. Chairman, let me also share my thoughts on the global issue of escalating food prices that is increasingly becoming a major concern to most of us here. This is a new problem on which we have limited understanding of its nature and magnitude, but which threatens to erode the gains of macroeconomic stability in our countries. Some countries in Africa including Tanzania seem to have not been affected, at least in the short run. However, this should in no way be reason for inaction. Africa needs to join the international community in taking actions to address this new challenge. While most of the actions need to be taken by African governments, the ADB can play an important supportive role to support in addressing the escalation of food prices, based on the Bank’s comparative advantages. Some of the possible areas for the Bank’s intervention could include:

i) Support African government efforts to enhance productivity in the Agricultural Sector;

ii) Assist in undertaking the necessary analytical work needed to get a better understanding of the nature and magnitude of the problem;

iii) Assist in policy advice and design in order to provide the right incentives for increased food production; and

iv) Capacity building for effective Government leadership as Governments work with other stakeholders to address the problem.

226. Mr. Chairman, The Bank’s effectiveness and relevance as Africa’s premier financial institution is very critical for Africa’s development. In this connection I would like to share with you my thoughts on ways to enhance the Bank’s mandate in Africa:

• Private Sector Development

227. Majority of the African countries have recognized the importance of the private sector as the engine of growth and development. The Bank must make deliberate effort to promote

private sector development in Africa. Unleashing Africa’s entrepreneurial energy is necessary. Many of these countries are implementing important reforms to create the necessary conducive environment for private sector development. The Bank’s private sector portfolio must be enhanced in order to provide resources needed to support private sector development in Africa. Further, there is need for the Bank to move from the traditional way of analyzing investment proposals to a more proactive forward looking approach that seeks to enhance beneficiaries’ access to private sector window resources. Businesses trying to access the window must be helped on how to access the resources and not to be told how they have not satisfied the requirements.

• Scaling up Aid

228. Governors will recall that last year in Shanghai, we extensively discussed the issue of scaling up of aid and its architecture in Africa. Since then, many more special fora have been devoted to the topic and expressions of commitments have been made by some Development Partners. In spite of these expressed commitments, which we heartedly appreciate, we are yet to see real scaling up of aid that Africa needs in order to transform from poor to developed status. In view of this slow progress and the increasing need for additional resources. It is pertinent to continually emphasize this issue again at this meeting.

229. Lastly Mr. Chairman, as I mentioned earlier, Tanzania was lucky to participate in the eleventh ADF replenishment negotiations last year. Allow me therefore to conclude my statement by thanking the Bank management for having chosen Tanzania and availing us with the opportunity to participate in such a crucial meeting. I heartedly thank the Donor group on their dedicated support, which specifically was demonstrated by the level of replenishment that was recorded. I would particularly like to commend President Kaberuka for his steady and firm leadership through the most difficult time ever to face ADB. The Bank now stands ready to move ahead in ways that we could not have imagined ten years ago. We look forward to working closely with him and other shareholders to ensure that the Bank can meet the needs and aspirations of the African people.

I thank you for your attention.

STATEMENT BY GOVERNOR FOR GERMANY Ms. KARIN KORTMANN

Challenges related to ADB's vision of the Bank as the premier development institution in Africa and a voice for and in Africa

Thanks and greetings

Chairman, President Kaberuka, Fellow governors, Delegates, Ladies and gentlemen,

230. I would first of all like to convey my warmest wishes and thanks to our host country of Mozambique, which has done such excellent work in preparing this Annual Meeting and given us such a warm welcome. My thanks and best wishes also go to President Kaberuka, his Vice-Presidents and staff.

Introduction to topic of "Africa on the move"

231. "Africa is on the move" has become an increasingly popular phrase and has come to be a seal of approval. Africa, a continent that until recently laboured under its image as the continent of crisis, has gained this new reputation deservedly. Its transformation is built on sound foundations: high economic growth and an increase in democratic processes are just two of the acknowledged developments, the importance of which cannot be overstated.

232. But the phrase "Africa is on the move" is far more than a reflection of these indicators alone. It reflects the dynamism of the continent, it reflects history and the passing of time, it illustrates the sense of a new beginning that currently prevails in many countries and it demonstrates confidence in the future.

Brief review of 2007

233. Allow me to look back briefly at 2007! Germany had a special role to play last year in its presidencies of the G8 and the EU. This gave us the opportunity, together with the international community, to further intensify traditional partnerships with the African continent. The slogan chosen for Germany's G8 Presidencies was "Growth and Responsibility" and the three priority areas identified were the global economy, the climate, and development in Africa. The agenda was therefore dominated by topics of great relevance for development.

234. Some other important points, also of indirect relevance to the ADB, were investment and sustainable economic growth, good governance and institutional capacity-building. The Partnership for Making Finance Work for Africa, whose secretariat the Bank is now hosting, is one outcome of this.

235. 2007 also saw a strengthening of the Africa-EU Strategic Partnership during Portugal's Presidency of the EU. In its working groups and the cross-cutting areas it addresses, the Africa-EU Action Plan plans to involve the ADB in a number of partnerships, such as on infrastructure, democratisation and energy. Germany has agreed to take on the lead role for the energy sector and we look forward to working together on this area of such crucial importance for our future!

236. 2007's focus on Africa was also reflected in the unusually high commitments made to ADF XI. The German government increased its commitment by nearly 80% compared with the last ADF, bringing it up to 440,000 million euros (or 680,000 million US$). Many other member countries did likewise. In this way, we underlined the great importance of this regional development bank, in other words the importance of regional ownership and regional integration. It was also, not least, an acknowledgement of the sound package of reforms the Bank is implementing and our confidence that it will continue to steer this positive course.

237. This sound financial footing means the Bank is well placed to establish itself and actively fulfil its role as the voice of Africa, as it moves along the road towards becoming the premier development institution for Africa. It means the Bank is well-equipped to tackle current challenges.

Current challenges and opportunities

a) Self-reliant food security

238. Tackling current challenges was precisely what President Kaberuka did when he recently instituted a Bank task force on the increase in food prices and increased the agricultural portfolio by US$1 billion to US$4.8 billion. Thank you for that rapid response! Since the 1960s, most African countries, with a few exceptions, have become increasingly less food self-sufficient. A number of factors are being blamed for the current food crisis – rising energy prices, biofuels, a fall in global production, low productivity, climate change and export restrictions.

239. In this context I would like to underline that it is not acceptable for the production of agro-fuels to make these food shortages worse. This example shows once again just how important it is to take a comprehensive approach to development. The environment, climate change, food security and observance of basic social standards must be combined within one coherent policy. I will come back to that in a moment when I turn to the topic of human security.

240. The food crisis presents Africans with both opportunities and risks. Its impact on different regions and sections of society varies widely; we must therefore examine the situation on a case-by-case basis. Whilst emergency aid needs to be delivered in the short term, the main long-term aim must be to increase agricultural production. This implies, as the Bank has proposed, a "new way of conceptualizing support for African agriculture". This must be done at the following three levels:

- The Bank can play its part by increasing its funding of agricultural programmes, in combination with measures for regional integration, infrastructure and good governance. Special partnerships with regional and international organisations, such as the African Union's Comprehensive African Agriculture Development Programme (CAADP), and also cooperation with IFAD are also useful in this context.

- As for the international community, and the industrialised countries in particular, it is a matter of increasing urgency that they phase out export subsidies and bring the Doha Round to a rapid and successful conclusion! - I too, like the Bank, call on the African countries themselves not to close off their own national markets in order to ensure the functioning and, in the medium term, improvement of regional markets. I also urge them to increase investments in agriculture. It was here in Mozambique that, just a few years ago in 2005, the African heads of government made their Maputo Pledge to increase spending on agriculture to at least 10% of their national budgets.

241. The ADB has been very forward-looking in its choice of topics for this year's Annual Meeting: "Fostering Shared Growth, Inequality, and Poverty in Africa" and "Cities and Growth Poles: Implications for Rural Development". They highlight the close connection between urban and rural areas. It is Africa's medium-sized and large towns that are growing the most. They fulfil an important economic and social function for the population in the surrounding rural areas, and vice versa. This mutually supportive relationship should be strengthened.

242. Both the rural and the urban population can benefit from pro-poor efforts to boost the agricultural sector that take in the entire value chain (e.g. small farming, processing of food).

243. If this is not done, we are, as the many food riots across the world have shown, not only running the risk of human suffering and macroeconomic instability but also threatening peace and security. In other words, we are running the risk of general political and social instability.

b) Human security and climate change

244. An integrated approach to development that also encompasses human security, as broadly defined to include achievement of the MDGs and poverty reduction, must also focus on socioeconomic concerns, food security and environmental security – in other words the "human aspects" of security. This also permits a broader understanding of the causes of conflict and how they can be managed and a broader understanding of how to build peace and stability in general. Such an integrated approach would not be complete if it did not also include a response to climate change.

245. This is particularly true in Africa, the continent that will be hardest hit by climate change. And it is those who have contributed least to climate change, namely the poor, who are worst affected.

246. It is forecast that climate change will lead to a drop in production of 25% over the next fifty years in sub-Saharan Africa. The outlook is particularly bleak in southern Africa, where production from rain-fed agriculture looks set to halve within the next 10 to 12 years!

247. The Bank has it in its power to actively take on these challenges, for example by means of infrastructure development, private sector development and regional integration.

248. Its Climate Risk Management and Adaptation Strategy provides the policy framework. A number of partnerships and initiatives for a new international financing architecture for climate issues, with the appropriate financing instruments, are emerging from the current international debate. In this respect, I believe it is vital to adopt harmonised approaches – such as the new Climate Investment Funds (CIF) currently being discussed within the G8 or the World Bank's proposed Strategic Framework on Climate Change and Development (SFCCD).

Conclusion: Strengthening partnerships

249. The ADB plays an important role as a pan-African organisation and a strategic partner for its member countries, the international community and many bilateral and multilateral players and organisations. So the Bank's cultivation of increasingly close links is important. Without successful cooperation and the harmonisation of strategies and measures, it will be unable to assert its position as the "voice of Africa", nor will it be heard.

250. The German government strongly supports these partnerships. And it will continue to be a constructive partner in supporting the "voice of Africa" on its road to becoming the "premier development institution for Africa".

STATEMENT BY GOVERNOR FOR SOUTH AFRICA

Hon. TREVOR A. MANUEL

Chairperson of the Board of Governors, Mr. Aiuba Cuereneia, President of the ADB, Dr. Donald Kaberuka, Distinguished Governors, Respected Delegates, Ladies and Gentlemen

251. The fraternal relationship between the citizens of Mozambique and South Africa during our liberation struggles of the past, the celebration of our victories and the rebuilding of our two countries finds inspiration in the rallying call – aluta continua, a Vitoria e certa. The struggle continues, and victory is certain.

252. We entered this millennium with the forging of ambitious, but vital human development in health care and gender equality. By all current indicators, it is clear that a greater effort will be required if we are to meet the MDG targets by 2015.

253. This is not the time to despair, and be lulled into thinking that the solution lies in the doubling of aid and nothing else. This is the time to rise up to the challenge, and not to be tricked into thinking that the solution will come from across the oceans. We have the capacity to overcome that which may appear to be insurmountable, and we have shown that we have the ability to lead in the partnerships that we forge.

254. This morning we endorsed the successes of a homegrown network of African budget officials – initiated by Mozambique, Kenya, Uganda and South Africa in 2004, called the (CABRI) the Collaborative Africa Budget Reform Initiative. Over the past three years CABRI has grown into a truly Pan African initiative of over thirty countries, and demonstrates that Africans are starting to change the way we view ourselves.

255. In 2007 the African continent recorded a growth rate of 5.8 per cent, slightly higher than the previous year. Not only is this driven by the spike in global demand and high commodity prices, it is also due to the efforts of Finance and Planning Ministers who ably convinced their colleagues in Cabinet and parliament of the benefits of undertaking both macroeconomic and microeconomic reforms. These have led to an improved business environment and investment climate that is complemented by phenomenal increases in net private capital inflows in 2007.

256. At the same time we are reminded by the Economic Report on Africa for 2008 that our gains will need to be widened, deepened, and sustained if Africa is to accelerate and sustain growth beyond the ongoing commodity boom. The report also states that growth in Africa has not yet led to substantial employment generation, particularly in the formal sector, and that vulnerable groups such as the aged, youth and people with disabilities face their own unique challenges when attempting to participate in Africa’s economic recovery.

257. We are given the mandate to steer a course that will accelerate and sustain growth in a way that brings about meaningful change to the lives of all Africans.

Aluta continua, victory is certain

258. Certainly, the victory we shall attain will be achieved by the combination of the appropriate policy choices, staying the course on implementation, and recommitting to accountability for our actions. Victory will come about because we are prepared, within the bounds of reason, to experiment to demonstrate that no country has grown sustainably by merely following the hackneyed formulae dreamt up elsewhere. We must be brave enough to challenge that which we know is not working and be prepared to venture into new terrain.

259. One of the outcomes of globalization is that people have choices – about what they do and where they live. People do not allow themselves to be trapped in rural poverty, simply because that is what their forebears did. The rate of urbanization across the African continent is, in many respects, both unforeseen and unprecedented. Thus, one of the greatest challenges of the twenty-first century for governments is the physical development of the urban built environment. Working with what national governments can do best, and ensuring that local government is appropriately structured, accountable and properly funded. We need to accelerate our road building projects, ensure that all our citizens have access to drinking water and sanitation, and safe shelter. As we make progress in the enrollment of our children in schools, we also need to provide them with the option of flicking a light switch in their endeavor to improve their lives.

260. To attain this we must be subject to rigorous analysis, wise policy choices, budget trade-offs and determined implementation.

261. Trade, both within the continent and with the rest of the world, remains a key pillar for tackling the challenges that we face. Regional integration has emerged as the framework to address obstacles to intra-African and international trade. Reducing and ultimately eradicating the barriers to intra-African trade will create larger regional markets that can realize economies of scale and sustain production systems and markets. The benefits are illustrated in the extent of intra-EU trade that currently stands on 60 per cent of its trade volume in comparison with the lowly 10 per cent between African countries.

262. The challenge of scaling-up intra-African trade will need to tackle the puzzling existence of overlapping membership within Regional Economic Communities. In its assessment of RECs, a joint study by the AU and ECA reports that 95 per cent of the members of an African economic community belong to another community. This is despite the finding that countries retaining dual membership have difficulty meeting their contributions and obligations to the various communities, and also report that the low implementation of the programmes of the RECs can be attributed to dual membership. We must be forced to choose, to choose wisely and then to make an unequivocal commitment to strengthen our institutions. The opportunism of trying to maximize the benefits of many institutions belongs to an era past, when colonial masters decided with whom we should associate. The need for rationalization and sanity must prevail if we are to align with the vision of NEPAD, accelerate the performance and optimize the geographic viability of the RECs, and expand our economic and market space for production and investment. This rationalization is now a keen part of the reformed mandate of the African Development Bank and we should all commit to taking the best advice from the ADB to secure our collective medium term future.

263. Being able to collaborate on the basis of a coherent set of policies and agreements, which is underpinned by a collection of countries that are clustered in a way that guarantees mutually beneficial outcomes, is also vital in unlocking the agricultural potential of Africa. The facilitation of inputs to farms and products to markets will play a key role in reducing rural poverty and the elimination of food shortages.

264. I wish to endorse the proposals of the High Level Panel, which is underpinned by the mission of the ADB – poverty reduction and development through growth and economic integration. The concentration of Bank resources and efforts on investing in infrastructure, building capable states, promoting the private sector, and developing skills will play a major role in our victory over poverty.

265. As Governors of the Bank from African and non-regional Member States we need to deepen our engagement with the Bank and its endeavors to become more responsive to our needs.

Thank you.

STATEMENT BY GOVERNOR FOR THE UNITED STATES OF AMERICA

Mr. KENNETH PEEL

266. I am honored to represent the United States at this 43rd Annual Meeting of the African Development Bank. On behalf of Secretary Paulson, I convey greetings to fellow Governors and would like to extend our gratitude to our gracious Mozambiquan hosts for their warm hospitality and to President Kaberuka and Bank staff for their hard work preparing for our meetings.

267. As we come to Maputo, I cannot help but be encouraged by Africa’s continued robust economic performance. Although the global economic slowdown and higher food and fuel prices pose significant challenges to growth and inflation outlooks, Africa is better prepared to meet these challenges than at any time in its post-colonial history. Africa’s ability to meet these challenges is partly a result of exogenous factors. High commodity prices and expansive debt relief are widely acknowledged factors in Africa’s current economic upswing. But I believe that even more important factors are the stronger political and economic leadership across the continent and the improved policies that have accompanied that leadership.

268. That leadership is transforming Africa from a continent shunned by investors into a land of new opportunities. Better macroeconomic policies, increasing transparency, and more open investment climates have begun to create an environment in which the private sector can grow. One indicator of this transformation is that private capital flows to Africa now exceed official development assistance flows.

269. Nonetheless, the obstacles to sustained economic growth and poverty reduction in the continent’s poorest countries are formidable. A weak infrastructure base, shallow and underdeveloped financial sectors, and further reforms of the business climate must all be addressed if the private sector is to truly take hold and help drive the levels of sustainable economic growth needed to significantly reduce poverty in Africa. The Bank can play a critical supporting role in this work.

270. As we meet here today, much of the region and the world is suffering from large increases in food prices. The crisis requires a coordinated international response consisting of both immediate and medium-term actions and reflecting the respective missions of the many organizations involved. Like many countries, the United States has provided immediate additional assistance to the World Food Program and is in process of providing additional emergency assistance to those in need. We applaud the African Development Bank’s intention to take actions consistent with its comparative advantage and strategic vision. We believe the most meaningful manner in which the Bank can contribute over the medium term is by strengthening agricultural productivity through building rural infrastructure and otherwise improving physical access to markets for rural farmers.

271. Under President Kaberuka’s leadership over the last few years, the African Development Bank and Fund have taken important steps to improve their institutional capacity to help African countries meet the core development challenges they face. The region needs and deserves an institution that is focused on its comparative advantages, dedicated to achieving concrete results and organized and staffed to deliver assistance

efficiently and responsively. We commend the Bank for the genuine progress it has made toward these broad goals in recent years and urge management to continue to implement the key institutional initiatives necessary to fulfill the Bank’s mission.

272. Development impact – measuring the results of its assistance - is the primary criterion by which we judge the Bank’s quality and effectiveness. We are pleased that the Bank has committed to becoming a truly results-based institution, as evidenced most clearly by the overarching results measurement framework agreed in the African Development Fund replenishment negotiations late last year. The challenge now of course is to fully implement it. This means collecting, measuring and reporting data that demonstrate the effectiveness of the Bank’s work. But it also means making the difficult but necessary cultural change to an institution whose staff incentives, corporate philosophy and ground operations are anchored in the fundamental principle that quality matters more than quantity and that, at the end of the day, demonstrable results are the only true measure of success. We applaud the steps the Bank has taken and encourage the continuing process to institutionalize this framework and carry through on institutional reforms to make the irrevocable transition to a genuine results culture.

273. Two years ago in Ougadougou we and other shareholders called on President Kaberuka to focus the Bank’s activities on a limited number of priorities in which it has, or can develop, a comparative advantage. We believed it was essential that the Bank not try to be all things to all people, but instead focus on having a real impact on a manageable number of he region’s core development needs. The Bank’s response has been impressive. We are pleased to see Management’s commitment in the Medium Term Strategy to focus its energies on the private sector, governance, regional integration and infrastructure (specifically water, energy and transportation.) By focusing its efforts in these areas, the Bank can leverage its limited resources and help African countries reach the higher levels of private sector-led economic growth needed to achieve development results. The ongoing challenge is to resist the understandable temptation to respond to needs and requests beyond the strategic comparative advantages the Bank has identified for itself. We urge management to be resolute and offer our strong support to maintain its focus.

274. The Bank’s commitment to governance and fighting corruption was demonstrated by the recent adoption of the new governance strategy. Good governance is essential for sustainable growth throughout Africa. Expansion of private sector operations, while adhering to fundamental principles of additionality, is welcome and essential. Effectively engaging the private sector through catalytic transactions and improvements to the investment climate is the most powerful path to sustained growth and poverty reduction. We have been particularly pleased with some of the Bank’s private sector operations in AfDF countries. We also welcome the Bank’s work toward greater analysis of development impact ratings at the design stage of private sector operations.

275. As we look ahead, we see much to encourage us about the direction the Bank is taking to improve its operations and fulfill its promise as a vital institution for Africa’s development. But I think we can all agree that the job is not yet done and we pledge our continued cooperation with President Kaberuka, Bank staff and other shareholders help realize our shared vision for the Bank and for Africa.

Thank you very much.

STATEMENT BY GOVERNOR FOR NORWAY

Mr. HÅKON GULBRANDSEN

Mr. Chairman, Mr. President, Fellow governors, Ladies and gentlemen

276. First I would like to join the other speakers in thanking the authorities of Mozambique for organising this year’s Annual Meeting in such beautiful surroundings here in Maputo.

277. These are exciting times for Africa. There is a sense of optimism, due to the sustained high economic growth across the continent. More and more countries are emerging from conflict and embark on the path to peace and reconstruction. At the same time, there are huge challenges related to inequality and poverty. The rising food prices are worsening the situation for the 300 million people living on less than a dollar a day. Climate change creates additional insecurities.

278. An immediate challenge is to help African governments deal with rising food prices. We support the approach of the African Development Bank to increase investments in infrastructure that is vital to agricultural productivity. We also appreciate the role the Bank is taking on in coordinating the multilateral response to the crisis in Africa.

Mr. Chairman,

279. We would like to congratulate the Bank on the successful replenishment of the African Development Fund last year. We support the new strategic framework. It will make the Bank more selective and result oriented.

Mr. Chairman,

280. The vast majority of Africa’s poor are women. Growth will therefore only benefit the poor if there is equality between the sexes. This means equal opportunities for women, equal access to resources and the chance to make their voices heard. Besides, making full use of the development potential of women will in itself bring about significant growth. We note that this point is stressed by the High Level Panel. And we could not agree more.

281. African governments as well as the Bank need to take gender issues seriously. Gender equality should be mainstreamed into all the Bank’s priority areas and strategic work.

282. Despite six consecutive years of impressive economic growth, 1 out of 16 African women still dies in childbirth. The number of underweight children under 5 has hardly declined in recent years. These are just two of the indications that the trickle-down effect of economic growth has its limits, and needs to be complemented by additional efforts. Strategies for inclusive growth and redistribution of wealth are vital.

Mr. Chairman,

283. One of the main obstacles to development is bad governance and corruption. The current high commodity prices represent a growth opportunity for countries rich in natural resources. However, without proper governance these resources will not necessarily translate into a positive development benefiting the population. The result could even be environmental degradation and conflict. We believe the Bank is well positioned to play a constructive role in promoting good governance and anti-corruption.

284. We are willing to share our own experience from managing Norway’s petroleum resources in a sustainable way. We have already started cooperating with the Bank in this field, including joint actions at the country level. Bilaterally, Norway is working with 14 African countries on petroleum governance through our “Oil for Development” programme. The Extractive Industries Transparency Initiative is another priority that is shared by Norway and the Bank.

285. In the broader perspective of financing for development, there is a raising awareness of the problems related to illicit financial flows. This involves the leakage of funds due to tax evasion, embezzlement of public funds and trade mis-pricing. It is estimated that illicit financial flows far exceed the total official development assistance. This not only represents a huge financial loss. It also, due to its illegal nature, undermines efforts to build societies. The Financing for Development process and the conference in Doha later this year, are good opportunities to address this issue. We hope the African Development Bank can contribute to address this issue.

Mr. Chairman,

286. Africa can make an important contribution to climate change mitigation by addressing the problem of deforestation and by developing clean energy. In both these areas, we see a potential for increased engagement by the Bank. There is for instance a huge potential for hydropower that has not been exploited, in a situation with acute power shortage in a number of African countries, including our host country Mozambique. The African Development Bank has a role to play to increase investments in the power sector, not limited to its own resources, but also to stimulate private investors and public private partnerships.

287. Preventing deforestation and sustainable use of forest resources will also have a direct impact on emissions. We see preventing deforestation as having a triple effect: firstly, reducing emissions, secondly preserving biodiversity and thirdly, ensuring sustainable economic and social development. For this reason, Norway launched a new initiative in Bali last year to reduce deforestation. We are currently exploring how we can support efforts to stop deforestation in the Congo Basin Forest. We would be interested to see how we could join forces with other multilateral organisations, including the African Development Bank.

288. Finally, let me welcome Turkey as the 78th member of the African Development Bank. We look forward to working together to strengthen the African Development Bank to become a strong partner in the development of Africa.

Thank you.

STATEMENT BY GOVERNOR FOR SENEGAL

Mr. ABDOULAYE DIOP

Mr. President of the African Development Bank Honorable Governors, Honorable Executive Directors, Distinguished partners of ADB, Honorable invited guests, Ladies and gentlemen

289. It is for me a genuine pleasure to be with you today on the occasion of the ADB Annual Meetings and I wish to thank Mozambique for all the arrangements made for the success of these meetings. I would first like to congratulate President KABERUKA for ADB’s prestigious achievements under his leadership. My congratulations of course go also to the Board of Directors and staff of ADB.

290. I am all the more pleased to participate in these Annual Meetings as my country has presented itself as a candidate to host the coming Annual meetings in 2009. I wish to thank the Board of Governors for its support to this candidature.

Ladies and Gentlemen,

291. These meetings always offer an opportunity to assess the Bank’s performances, analyze its action strategy and consider its orientations and prospects.

292. I firstly wish to present you with an overview of the economic trends in my country.

293. Senegal recorded real annual average economic growth of 5% for the 2000-2007 period, in a context of control of inflation and other basic economic indicators.

294. Average annual inflation over the same period is about 3%, thanks to a rigorous fiscal and monetary policy and the adequate supply of markets.

295. This relatively sound economic and financial health has moreover been underscored by the signing with the International Monetary Fund of a non-disbursing economic and financial program known as a Policy Support Instrument. This attests the high degree of macroeconomic stability in Senegal.

Mr. President, Ladies and Gentlemen of the Board of Governors

296. I wish to use this opportunity to stress the excellent and dynamic cooperation existing between ADB and Senegal, which started from 1972 and has been diversified and enhanced over the years.

297. ADB has financed 62 operations in our country for a total net commitment of UA 650 Million (approximately CFAF 507 billion).

These operations have entailed various outputs in the different socioeconomic sectors.

- Agriculture - Transport - Public utility - Industry - Human resources.

298. Today, the new ADB strategy of support to Senegal, defined in August 2002, is consistent with the Poverty Reduction Strategy Paper (PRSP) and the country’s sector policies.

The main thrusts of this program concern support to the following sectors:

- Rural development including rural electrification, - The second transport sector program, - Social sector development - Reforms - Private sector promotion.

299. In addition, at the regional level, the Bank is supporting the regional integration efforts; it has already financed 21 operations involving Senegal, for a net total commitment of UA 187 million and provided assistance for the conduct of studies and mobilization of resources for projects initiated within the framework of the New Partnership for Africa’ Development (NEPAD). ADB has awarded a UA 58.16 million loan (49.81 to Mali and 8.35 to Senegal) as well as a UA 7.90 million grant to the WAEMU Commission to finance the Bamako–Dakar southern corridor Road construction and transport and transit facilitation program.

300. ADB should continue to support action to promote the emergence of a modern and competitive private sector, as well as the development of infrastructure and the energy sector.

301. With their still fragile economies, most of our countries are hard hit by the sharp rise in food prices. If we are not careful, this phenomenon could cancel out all the efforts and sacrifices undertaken by our states in the battle for development. It has had alarming effects in the health sector, with the increasing malnutrition, and is defeating all the poverty reduction efforts in that regard. Also our public finance systems cannot continue bearing the additional burden imposed on them to absorb the shock of this food price increase.

302. I call on ADB to devise vigorous and quick initiatives to help our countries cope. Such initiatives should be effective in the medium and long-term, so as to banish this food price crisis.

303. Senegal has for its part undertaken to acquire the means to an enduring solution, thanks to the initiative launched by President Abdoulaye WADE known as the (GOANA) “Major offensive for abundance and food”. In sum, this initiative encourages the people to return to the land and seeks to restore farming activities and the farming vocation. It will provide the necessary resources to cultivate the available land with a view to very rapidly attaining levels of production that can cover our food product requirements.

304. I solemnly appeal to all our partners, particularly ADB, to lend support to this major offensive initiated by President WADE.

Mr. President My Colleagues, the Governors

305. For the energy sector, the Bank’s efforts should focus increasingly on the development and exploitation of the national energy potential. particularly regarding biofuel and renewable energy, with greater recourse to hydroelectricity.

306. ADB should actually contribute more to poverty reduction with a focus on gender issues and good governance.

307. I am also pleased with the support received from the Regional Office in Dakar, whose competent staff have greatly assisted us in ensuring the quality of the ADB project portfolio, even though we have to work together to improve the disbursement ratio of our active portfolio, given the slow implementation of the loan agreements and delayed procurement and disbursement procedures.

308. All these operations are possible thanks to the significant replenishment of ADF resources. I applaud this achievement and also suggest that a study be conducted concerning access to the ADB window for the middle-income countries’ which are currently the only ones with such access.

Mr. President,

309. As you have stressed in our introductory report, I believe that, in our case, most of the African member countries require that our regional and sub-regional organizations serve as the starting points for the full regional integration that will enable us rise to all the challenges of globalization, and thus facilitate ADB support to our economic and social development efforts.

Mr. President Ladies and Gentlemen

310. I wish to thank you once more for supporting Senegal’s bid to host the 2009 Annual Meetings, and thus providing us the opportunity to magnify our excellent cooperation links with the African Development Bank

311. I also assure you that this bid is backed by the entire Senegalese population and that the Government will spare no effort for the successful organization of these important meetings.

312. I lastly wish to thank the ADB authorities for their unfailing support and commitment to continually strengthening cooperation with Senegal.

313. I wish the best for our deliberations and thank you for your kind attention.

STATEMENT BY GOVERNOR FOR THE NETHERLANDS

H.E. Mr. KOENDERS ALBERT

Mister Chairman, Governors, Ladies and Gentlemen,

314. The Annual Meetings of the African Development Bank are important events, and I am very happy to be here today. It is good to focus on the well-being of Africa’s people, on the continent’s future and on its Development Bank. To the Mozambican Government and to its people, I say, thank you for hosting an Excellent Annual Meeting!

315. It is indeed appropriate to meet here, in Mozambique, because the development of this country in my view shows that progress is possible! Mozambique’s example illustrates many of the findings of the High Level Panel Report. The report makes an optimistic prognosis for Africa in the coming decades. And I share this optimism. But there are still many challenges ahead, we have to link realism and idealism to implementation, which is the key. Inspired by the High Level Panel vision, let me focus on four issues:

1. Fragility (or: the business case for peace) 2. Regional integration (or: overcoming the weakest link) 3. Efforts to combat scarcity (what is the Bank’s role?) 4. And last but not least, the institutional strength of the Bank

Fragility

316. Instability causes human suffering, and it carries a frightening economic price-tag, both for a nation in crisis and for its neighbours. In the Side Event that President Kaberuka and I co-hosted, we discussed regional dimensions of fragility and conflict. Countries share borders and cultures, but also socioeconomic opportunities for development. Roads through one country can open markets in another. Water reservoirs in one country can generate power for a region. But there is another side to the coin. Weak governance or conflict undermines the stability of neighbouring countries. Armed with a grounded policy for the engagement in fragile states, the Bank should now become ready for implementation of this policy without further delay. Its comparative advantage is regional integration and conflict! Its working method – to be more flexible, more political, with a good sense for the dynamics of conflict, and an appropriate budget for arrears clearance and reconstruction. And it is clear to set clear priorities. We cannot do everything at the same time, especially not in fragile states.

317. First of all, a safe and stable environment is needed to reach development. We want children – both girls and boys – to go to school. We want their mothers to live to raise them. We also need an environment in which these basic services can be provided, safely and qualitatively. Moving people from the margins to the mainstream also means investing in all human capital – including that of women and girls. Through the regular programming the AfDB can help to mobilize their potential, as the key cross-cutting issue.

318. Stability is a necessary condition for achievement of all other development goals. However, it is not a sufficient one. For true and stable development, democracy, good governance and credible fight against corruption are also needed. Social development is not just a matter of wealth; it is also a matter of guaranteeing fundamental rights and freedoms.

Regional Integration

319. This brings me to second the topic of regional integration. I believe regional integration can help to fight fragility too and can be an engine for this sound development. Regional co-operation can serve as a buffer against renewed conflict. And economic regional integration can overcome the weakest links in trade, market access and economic regeneration. The case of the European Union is a historic and solid example.

320. We all know the figures. Average GDP growth in Africa has been around 5% in recent years, but Foreign Direct Investment in Africa needs to catch up. Donors have replenished ADF-11 to unprecedented levels, but Africa’s share in world trade remains just above 1%, and needs to be boosted. I truly believe, with President Kaberuka and the Bank, that economic growth and regional integration and cooperation are the catalysts that will boost Africa’s competitiveness and productivity. The continent will prosper once it is better equipped to tap into globalisation. The AfDB has the continental mandate to support these activities with financial and non-financial means. The Netherlands underscores the value of strengthening the collaboration with the regional economic communities to make the most out of existing mechanisms. The Bank has the experience and the knowledge to do so.

Scarcity

321. The soaring prices for food, feed and fuel present an extra challenge in this respect. We have to re-focus on the classic issue of equal and fair distribution. I think employment is an important instrument to reach this. The unequal distribution of wealth, ecological footprints and in security are strongly interlinked. I am a strong advocate for including ‘the Polluter Pays Principle’ in the post-Kyoto arrangement. The yields should be used for an adaptation fund for developing countries. But of course, we all have to mitigate and we have to invest heavily in sustainable forestry.

322. I know that President Kaberuka and the Bank are looking at these issues carefully. And I support the Bank’s efforts to define its role in helping to prevent, mitigate and adapt to climate change. I believe the Bank also has a role in sharing its knowledge – to help others improve their interventions. It has a practical part to play as a ‘Knowledge Bank’.

323. At a time of growing scarcity, the need to make choices and be selective is more pressing than ever. I urge the Bank to try to avoid overstretching its own scarce resources. We need to look carefully at lessons learnt from past interventions, particularly in agriculture, before we consider any fresh intervention. As we move towards the medium-term strategy, let us not forsake focus for responsiveness.

Institutional strength of the AfDB

Ladies and gentlemen,

324. To do the job we need capable people working together in a committed institution that is widely represented amongst its regional member countries. This area of internal capacity and the decentralization of authority has been a point of discussion in the past years and will remain a point of attention to the Bank in the future. The AfDB has policies in place. The institution has its eyes set on a tailored appoach to serve its African member states. The Netherlands welcomes this approach and we are eager to see the results on the ground.

325. The AfDB Group is an institution that is growing. This growth will only render sustainable results if the Bank manages to concentrate its activities in areas where it has comparative advantages. According to the Netherlands these areas are; infrastructure, including water and sanitation, governance, with special attention to fragile states, private sector development and regional integration.

326. I congratulate the Bank, and President Kaberuka personally, on another year in which the Bank Group has gained strength in these sectors ànd institutionally. The Netherlands will remain a committed partner. I hope that the progress made will be sustained in the time to come.

327. But the Bank Group does not work in a vacuum. It needs dedicated partners – all those who are present here, whether representatives of government or the private sector – to deliver results. We all have our part to play in the international aid architecture that is getting more complex by the day.

328. After the Institutional Reforms, after the ADF Replenishments, after the High Level Panel report, let us move forward with the Mid-Term Strategic Framework and the work that is waiting to be done. We know that the AfDB can tackle the job!

Thank you.

STATEMENT BY GOVERNOR FOR RWANDA

Hon. JAMES MUSONI

Chairman, Colleagues, Ladies and Gentlemen,

329. Allow me to thank the Government and People of the Republic of Mozambique, and the authorities of the City of Maputo for the excellent hospitality accorded to us. I wish also to congratulate the African Development Bank’s Board and Management for the excellent organization of the 2008 Annual Meetings.

330. I wish to congratulate specifically President Donald KABERUKA for his visionary and inspiring leadership which is clearly the foundation for the solid performance and innovations of the Bank in the last two years.

331. A combination of events gives me hope and trust, and I am sure everyone here feels the same, that the velocity of progress in Africa is impressive. My delegation and I had the privilege of jetting in Maputo earlier this week and this enabled us to participate in most high level seminars. The quality of work put in the African Economic Outlook report, the African Development Report 2007, and other products presented to us is excellent.

332. The successful conclusion of the negotiations of ADF XI (Eleven) with an increased replenishment of 52% are all but indicators that the ADB is indeed more stronger and well positioned to push forward its mandate.

333. I wish to thank the United Kingdom for doubling its contribution to the ADF and other partners that substantially increased their contribution.

334. Pushing forward the reforms: We support the institutional reforms which focus on development effectiveness, managing for results, decentralization, diversity empowerment, and accountability. As the Bank reforms, it needs to continuously keep its ear on the ground as to what is happening within the member countries to ensure that complementarities are enhanced because within member countries, significant reforms have taken place that the Bank can base on to further its reform and responsiveness agenda.

335. In this regard, allow me to pick two among the numerous examples. Most member countries have gone a long way in reforming and strengthening of public financial management systems including procurement reforms. Projects and programs implementation capabilities have also tremendously increased. Using the case of Rwanda, portfolio performance in the last two years has greatly improved jumping from about 13% to 45% in disbursements. Other development partners like the World Bank and European Union have increased budget support commitments to 2/3 of the annual allocation to Rwanda, and last month the World Bank chose Rwanda as a pilot country that can use country procurement systems.

336. The benefits of decentralization by ADB are beginning to show in member countries where country offices are established. Learning from the examples I have cited above ADB

can move quickly to allow the country offices to take more decisions. Moreover, the aim should be to use country systems to the extent possible.

337. Innovations in Financing and Interventions: As learnt from the African Development Report 2007, Africa needs to put in place innovation packages for managing and redeploying the windfall from the net export of natural resources for the geologically privileged countries, but also packages for intervening in the geologically underprivileged countries are necessary. Landlocked economies even face enormous challenges. Africa is witnessing increased availability of resources such as local and international bonds, sovereign wealth funds, PPPs, and increased funding from countries such as China and India. Questions that are knocking on our doors for solutions in my view include but not limited to the following:

i) How do we increase financing for economically and financially viable projects such as energy and transport projects in a more debt sustainable manner?

ii) How do we ensure the natural resource rich countries get the best out of their riches, and build their capacity to transact the complex deals?

iii) How do we leverage the ADF funds so that each ADF dollar comes with about 3 to 4 dollars or even more from other sources?

These are issues that we need to think about in a more serious manner.

338. Focus of the Bank: We commend the Bank’s choice of focused interventions especially on economic infrastructure and regional integration. This is an enormous challenge to the Bank in a situation where resources are meager compared to the needs. But we must recognize that there are no soft options, and we must act decisively.

339. Why do I have to emphasize this? The reason is a simple one. The world is full of surprises and when they occur, the natural tendency is to turn our attention to the surprises.

340. In this regard, I wish to share my thoughts in response to the food crisis. My view is that we must face the challenge with resolve and not allow ourselves to panic. Our response should continue to focus on improving agriculture productivity and leave the market forces to operate to the extent possible.

341. We wish to commend the Bank’s response by putting up facilities to support agriculture infrastructure including irrigation, water management, and increasing access to inputs. The commitment of an extra one billion USD directly to Agriculture will definitely contribute to long term food security.

342. Private Sector Support: We commend the Bank’s private sector unit for continuing to re-invent itself to offer more relevant products that will boost private sector development - the sector that we believe is the engine for growth.

343. However, more needs to be done by the unit especially being proactive by coming down to the member countries so that we work together to package interventions. It is important that the access rules and procedures to private sector funds are well known and capacities to generate bankable projects built.

344. In Conclusion: The challenges ahead are enormous but we are encouraged by the dynamism of the Bank. As we start implementing ADF XI, what comes to my mind is that we are closer to the 2015 MDGs deadline.

345. If we are to achieve a lot in the short time remaining to this deadline, we must not do business as usual. How to do that, should probably dominate our thinking from now.

346. On this note, I wish to invite the African Ministers of Finance, and Ministers in Charge of Environment to the “Financing for Development Conference” that will take place in Kigali - Rwanda on 12th and 13th of June, 2008.

347. The theme of the Conference is “Climate Change – an Additional Challenge for Meeting the MDGs in Africa”.

Hoping to see you all in Kigali.

I thank you.

STATEMENT BY GOVERNOR FOR NIGERIA

Hon. Dr. SHAMSUDDEEN USMAN

Hon. Chairman of the Board of Governors, Fellow Governors, Excellencies, President of the ADB Group, Dr. Donald Kaberuka, Distinguished Guests Ladies and Gentlemen

348. On behalf of the Government of Nigeria, let me begin by saying that it is an honour for me to address the 43rd Annual Meeting of the African Development Bank and the 34th Annual Meeting of the African Development Fund.

349. Permit me also to express my appreciation to the Government and People of the Republic of Mozambique for the warm reception accorded my delegation since our arrival in the beautiful city of Maputo, and to the Management and staff of the ADB for their excellent preparations. I also wish to recognize the strategic focus of the ADB, which I strongly believe holds the promise for the attainment of the aspirations of its founding fathers. The turbulence in the financial markets, the slowdown in the global economy and the rising food prices offer our various Governments an opportunity to take stock of their economic performance and challenges and chart a way forward for achieving socio-economic development in Africa.

Political and Institutional Developments in Nigeria

350. It is almost a year since Nigeria held its elections which marked the successful transition from one democratic government to another. In order to address the challenges that arose from the elections, electoral tribunals were constituted to review petitions, while a Presidential Election Process Reform Committee was constituted to undertake a comprehensive review of the electoral process. Election tribunals have been allowed to perform their duties freely and their rulings have been respected. Transparency in the oil sector has become the hallmark of the Nigerian economy and anti-corruption institutions have been established (Economic and Financial Crimes Commission (EFCC) and Independent Corruption Practices and Other Related Offences Commission (ICPC). With the adoption of an inclusive policy, internationalization of good governance and the application of the rule of law and due process in the conduct of public affairs, President Yar’Adua has stabilized the policy and consolidated the gains of democracy in the country. While the emphasis on “due process” and institutionalization of the reforms may be misconstrued as resulting in delayed visible results, such an approach will eventually lead to a robust legal and regulatory framework in support of economic growth, wealth creation and poverty reduction. In this regard, the Federal Government of Nigeria remains committed to providing quality leadership, accountability and respect for the rule of law as a cardinal pillar of public conduct.

Economic Reforms in Nigeria

351. On the economic front, the Government of President Yar’ Adua has continued to pursue measures to deepen and consolidate the gains of the economic reforms embarked upon in 2003. This is considered crucial to providing economic opportunities for Nigerians as well as making the country attractive for private sector investment. The economic reform measures have culminated in improved economic performance: a real GDP growth rate of about 6 per cent in 2007 compared to less than 1 per cent in 1999; macro-economic stability, underpinned by an oil-price based fiscal rule, as reflected in a single-digit inflation, notwithstanding weather-and seasonally-related effects and the surge in food prices world wide; a more strengthened banking system, a sovereign rating of BB- with outlook for an improvement, increased investor appetite for Nigeria risk, underpinned by the reforms of the financial sector, especially the recapitalization of the banking and insurance industries. Foreign Direct Investment (FDI) has grown from an annual of below US$ 1 billion in 1999 to about US$ 13 billion in 2007. The country’s external reserves have also grown phenomenally, from below US$ 5 billion in 1999 to about US$ 60 billion as at April, 2008.

352. Nigeria, despite improved macro-economic performance, faces a number of challenges, including those from weak infrastructure and high rate of urbanization. Increased urbanization can produce a higher crime rate, a strain on the public infrastructure and services and higher unemployment. In order to stem this tide, Nigeria intends to focus on the growth of its real sector in the coming years, to enable urban areas have the capacity to absorb the surge of labour streaming into our cities. Nigeria will also develop the infrastructure of its rural areas in order to stem migration to urban areas. We call on the Bank to increase its support to rural infrastructure as a means of curbing the problem of rural urban migration.

353. The strategic framework for addressing the challenges facing by the Nigerian economy can be found in the President’s 7-Point Agenda, the National Economic Empowerment Development Strategy (NEEDS 2) and the Vision 2020. The 7-Point Agenda of the current administration and NEED 2 focus on achieving high levels of pro-poor growth, as well as making Nigeria one of the top 20 economies in the world by 2020 NEEDS 2 and the 7-Point Agenda are being integrated into a “Development Plan”, to lay the foundation for attaining the objectives of Vision 2020. In this regard, it is acknowledged that the government alone cannot meet the significant amount of investment required to achieve the double-digit growth envisaged under the Vision 2020. Thus, the private sector’s involvement, in the form of Public private Partnerships (PPPs), is essential to meet the targets on infrastructure investment. The government is working on ensuring that the appropriate legal, regulatory and administrative frameworks are put in place to ensure a successful implementation of PPPs.

354. I consider it very important to comment on the global concerns with regard to the adverse severe impact of high food prices on the population of developing countries and especially the poor. The surge in international food prices has been attributed to rising biofuels production, higher energy and fertilizer costs, droughts and increasing demand for animal protein. Due to the fundamental factors underlying the surge in food prices, prices are not likely to fall soon. In my view, this offers both challenges and opportunities to the African economies. It is critical that our Governments strike an adequate balance between protecting the poor and vulnerable and not distorting the price incentives that our agricultural producers would require to boost their output. The criticality of this subject will, without doubt, task our intellectual and policy capacity. It is now time for the Bank and regional

member countries to re-evaluate their interventions in the agriculture in the medium to long term, by focusing on opening up rural areas to markets through infrastructure investments, increasing private sector participation and strengthening support for research on better yielding crops and improved livestock varieties. Improving the storage and processing capacities of small-scale farmers to enhance food security is also critical.

ADB Group Operations in Nigeria

355. The Administration of President Musa Yar’ Adua has continued to support the Bank Group’s operation in Nigeria based on a Results-Based Country Strategy Paper (RBCSP), for the years 2005-2009. The Bank’s RBCSP for Nigeria is in tandem with our development initiatives as encapsulated in NEEDS, the Vision 2020, and the 7-Point Agenda of President Yar’ Adua. We do appreciate the intervention of the Bank Group, especially in the area of developing human resources, through support for the education and health sectors and stimulating non-oil growth through enhanced infrastructure, agriculture and rural development. We welcome the effort by the ADB to deepen its support to private sector development in Nigeria.

356. The Federal Government of Nigeria is in support of the Bank Group in its institutional reform agenda, focusing on four key drivers of change namely: human resources, business processes. Nigeria will continue, furthermore, to support efforts aimed at repositioning the Bank to become the focal point for development finance in Africa.

Nigeria Trust Fund (NTF)

357. In furtherance of Nigeria’s effort at assisting African countries in their socio- economic development, the Government of President Yar’ Adu approved the renewal of the Nigeria Trust Fund for another 10-year period. The signing of the Agreement is one of the events planned for this Annual Meeting. The mandate of the NTF has been updated for greater effectiveness and efficiency, supported with a new focus on funding for small scale enterprises/industries (SMEs) and rural infrastructure. Let me also state that Nigeria will continue to maintain the Nigerian Technical Cooperation Fund (the NTCF), which funds capacity building initiatives in Africa.

358. I wish to end this remark by thanking once again, the President, Executive Directors, Management and entire staff of the ADB Group, for their continued efforts and determination in moving the Bank forward.

Thank you for your kind attention.

STATEMENT BY ALTERNATE GOVERNOR FOR PORTUGAL

Mr. CARLOS COSTA PINA

Honourable Chairman of the Board of Governors, Honourable Governors, Ladies and Gentlemen,

359. It is with great honor that I take the floor to address such an august assembly, not just because our meeting is taking place in a country that has been such an example in collaboration with all development partners, but also because of the close ties between Portugal and Mozambique.

360. I wish to seize this opportunity to thank the Government of Mozambique and all those who have contributed to the organization of this event. While the candidacy of Mozambique had shown initiative and confidence, the excellent coordination and organization of this event has demonstrated the will, determination and capacity for achievement, which are vital for the development and sustainability of any nation.

361. Portugal believes that the role of the ADB Group is, and will increasingly be, decisive in poverty reduction efforts, and consequently in improving the living conditions of all Africans, as can be seen today in Mozambique.

362. We should take advantage of the fact that we are meeting in one of the five Lusophone African nations to underscore the importance of the Portuguese language in fostering communication and enhancing the effectiveness of ADB Group operations in member States.

363. We wish to commend the initiative taken by the President and his management to introduce a Portuguese language course, and to finance, in collaboration with Portugal, the publication of the Annual Report and other informational bulletins in Portuguese. However, greater efforts need to be made at the level of human resources level to recruit more Portuguese-speaking experts.

364. During the Portuguese Presidency of the European Union, the second summit between the EU and Africa took place during the second half of 2007. Portugal again demonstrated its commitment to strengthening the institutional bonds between Europe and Africa, thereby contributing to the establishment of a new strategic partnership, in line with the objectives of sustainable development, peace, democratic governance, regional integration and mitigation of the negative effects of climate change on Africa.

Honourable Chairman, Ladies and Gentlemen,

365. Although the African continent recorded positive growth rates over the past seven years, thanks to favorable external conditions and improvements in internal economic policies, there’re are still wide differences from country to country. The fragile States and African States with the lowest income continue to face serious difficulties in achieving sustainable growth. This momentum for growth may today be seriously threatened, mainly as a result of the rising food prices, the upsurge in fuel prices, and climate change.

366. Consequently, this Meeting comes at a crucial time for Africa. With the over 52% increase of ADF XI resources in comparison to ADF X, the shareholders gave a clear signal that they intend to have a strong institution with funds effectively allocated to development projects. The internal reforms should be undertaken and consolidated. The High Level Panel has mapped out the way, and the President and his team have defined the Medium-Term Strategic Plan, which promotes the selectivity of transactions and complementarity of the Institution in the field.

367. It seeks to be a Bank for all Africans, but the needs of the countries are different. The fragile States have been identified and will benefit from more funds; countries with lower income will have access to more concessional funds, and a new strategy will soon be approved for middle income countries (MICs). It is time for the ADB Group to respond to these challenges, and to have a results-oriented vision.

368. We hope that African countries will become less dependent on basic industries, open their borders to trade and seek regional integration, so as to avoid external shocks and collapse of the market. We also hope that will invest more in national and regional infrastructure projects such as energy, transport networks, and communication. It is time to make more efforts towards diversifying African economies, promoting the private sector, and ensuring greater accountability and transparency, as well as better management of public funds by Governments.

369. A Medium-Term Strategic Plan appears to be appropriate response of the ADB Group to these structural needs in the member States.

370. However, an immediate response should also be developed to mitigate the emerging crisis of the rising food prices. The crisis is severe, and when coupled with hunger and misery, it will bring about social and political unrest. We encourage the President and his team to proceed with the Action Plan. This crisis has come to remind us that support for the agricultural sector should continue to be one of the priorities of this Institution.

371. The support strategy for fragile States should be consolidated as soon as possible for the institutions in these countries to be strengthened and for there to be a greater absorptive capacity for financial resources originating from international aid.

372. The process of decentralization and harmonization of the rules and procedures with other institutions should be accelerated and consolidated. It is important for the ADB Group to ensure greater presence in the field, and, in collaboration with other partners, identify real needs and act in a more rapid and efficient manner. I wish to acknowledge that the process for opening a Country Office in Luanda is at an advanced stage, and could even be completed this year.

373. In conclusion, I wish to reiterate our full support for President Donald Kaberuka, his team and Bank staff for the work done during this transition period, and to express our satisfaction with the implementation of reforms, as well as the definition of Strategies and Action Plans to ensure sustainable development on the African Continent and effective poverty reduction.

Thank you very much.

STATEMENT BY GOVERNOR FOR NAMIBIA

Hon. SAARA KUUGONGELWA-AMADHILA

Chairman of the Boards of Governors, President of the African Development Bank, Honourable Governors, Ladies and Gentlemen

374. I am grateful to you for this opportunity to address this Annual Meetings of the Boards with the theme of “Fostering Shared Growth: Urbanisation, Inequality and Poverty in Africa”.

375. In Namibia, no less than in fellow African countries, inequality and poverty in both rural and urban areas represent real challenges. And, if we are to meet the Millennium Development Goals, we need to address them more effectively than in the past. I join my fellow Governors in commending the AfDB for its contribution to Africa’s development agenda.

376. If we are to address the challenges of urbanization, poverty and inequality, we also need to ensure that the Bank’s existing instruments are used to best effect. Key to that will be the creation of jobs to reduce unemployment that is a major cause of poverty and inequality. For that reason, we would like to see the Bank’s activities more focused on fostering the development of competitive business within Regional Member Countries, and strengthening productive capacity especially agricultural production, in order to address the escalation of food prices caused by global food shortages.

Fellow Governors,

377. One of the Bank’s guiding principles is the encouragement of Regional Member Countries’ contractors and suppliers to participate in the Bank Group’s funded projects. Nevertheless, participation in the Bank’s funded contracts is still low for many of the Regional Member Countries. The revised AfDB rules for Procurement of Goods and Works constitute a good beginning. However, the preference system alone will not be sufficient to bring about the quantitative change required in the use of Regional Member Countries’ companies. I would therefore urge Bank officials to continue to seek out potential local contractors for Bank Group projects.

378. The recently introduced Private Sector Funding Facility is a laudable initiative. To promote optimal use of the facility, the Bank in cooperation with Member States Governments should embark on an aggressive and focused advertisement of the facility to create awareness about it amongst the private sector.

Mr. Chairman,

379. I would like to urge the Bank to identify a wide range of financing instruments, including venture capital by way of equity participation, that often provide a better fit with the needs of emerging and expanding businesses. One approach to that would be to work in

partnership with established local financing institutions which know their market and have already developed instruments tailored to its needs. Furthermore, the Bank should place greater emphasis on supporting local entrepreneurs through knowledge sharing and skills transfer.

Fellow Governors,

380. We have in the Bank’s membership a small but growing number of countries that are classified as Middle Income Countries. These countries, because of their level of per-capita income are denied access to concessional financing. But having exceeded the per-capita income limit does not mean that these countries have escaped the problems of urbanization, inequality and poverty that affect so many of our fellow African countries.

381. The African Development Bank Group is well-positioned to lead other Development Financial Institutions in developing a mechanism to address the restricted access to affordable financing for Africa’s MIC’s, thereby giving greater effect to the theme of the Annual Meetings - “Fostering Shared Growth”. Those mechanisms might include using poverty indicators as part of the determination of when a country reaches MIC status or easing the sudden cut-off of access to concessional funds by establishing a special assistance package that will suit the financing needs of these countries.

382. The Bank can also champion the cause of African MIC’s in other international fora. In making those representations, I hope the Bank will continue to press for fairer attributions of voice and share in the Development Financial Institutions for MIC’s. But, that improved package for MIC’s should not come at the expense of existing beneficiaries. Some additional financing will be required, perhaps through increased borrowing. In this regard, we welcomed the Bank’s decision to issue debt securities in Namibian Dollars and we look forward to it being implemented shortly.

Chairman, Fellow Governors,

383. Let me pay tribute to the work of the Bank Group and its staff, under the able leadership of President Kaberuka, and, I do so unreservedly. Their work is central to: “Fostering Shared Growth”. I thank them for their past contributions to development in Namibia and I look forward to further fruitful partnerships.

I thank you!

STATEMENT BY SECRETARY-GENERAL IN THE MINISTRY OF ECONOMY AND FINANCE OF THE KINGDOM OF MOROCCO

Mr. ABDELTIF LOUDYI

Mr. Chairperson of the Boards of Governors, Mr. President of the African Development Bank Group, Honorable Governors, Ladies and Gentlemen

384. Permit me to first and foremost express to His Excellency Mr. President of the Republic of Mozambique, to the people and Government of Mozambique as well as to the authorities of the City of Maputo our thanks for their warm reception and our congratulations for the excellent arrangements taken to successfully host our Annual Meetings.

385. I would also like to thank the President of the Bank, Mr. Kaberuka, the Board of Directors, Management and all staff for efforts made in preparing these Annual Meetings. In addition, I would like to welcome Turkey to the Bank. Its membership is that country’s show of solidarity with Africa.

World Economic Situation, its Impact on Africa and the ADB’s Role

Mr. Chairperson,

386. We are meeting today in an international context marked essentially by rising oil and food prices, the instability of international financial markets and the high risks of inflationary tensions.

387. This context poses enormous challenges to Africa since it threatens the macroeconomic stability of States, hampers the economic and social development of our countries, thwarts the implementation of economic reforms and the attainment of the human development and poverty reduction goals that we set ourselves.

388. In the face of this emergency situation, at is imperative to envisage an integrated intervention framework in which rapid, effective and coordinated actions of African countries, the international community and the development parties – the ADB Group at the forefront – converge, with a view to responding in the best manner to the expectations and needs of these countries and their populations.

389. In that regard, I consider it of greatest importance that the projected interventions focus on Africa’s priority sectors, namely agricultural development, strengthening of energy effectiveness, economic and social infrastructure.

390. More specifically with regard to sub-Saharan African countries and fragile States emerging from conflict, the international community – especially international organizations and multilateral development banks – must assume their responsibility by deploying efforts in favor of these countries, adapting support mechanisms to exogenous shocks, concretizing the commitments made with regard to official development assistance and allocating additional resources to these countries to enable them to face the current food crisis.

391. Concerning middle income countries, I consider that the ADB should continue to assist these countries in maintaining the course of structural reforms aimed at producing strong and sustainable economic growth that would generate jobs and effectively fight poverty. Effort is also needed to set up economic infrastructure and define relevant sector and rural development policies.

ADB Performance and Prospects

Mr. Chairperson, Ladies and Gentlemen,

392. Permit me, in the light of ADB’s highly meritorious performance for 2007, to pay homage to President Kaberuka, his Board of Directors, the ADB Group’s Management and all staff, for the good operational and financial results.

393. Within that context, I welcome the trust that all donors have recently demonstrated towards the ADB Group by accepting to increase ADF-XI subscriptions by 52%. This will indeed contribute to strengthening Bank Group’s cooperation with low income countries in this particularly difficult international economic context.

394. In that regard, I support the proposal by the Board of Directors to allocate the net revenue to support ADF resources beneficiary countries and strengthen the technical assistance fund in favor of middle income countries.

395. It is also imperative, in my view, that the Bank give priority to consolidating its drawing power and preserving its competitive edge, if it is to maintain its comparative advantage.

396. The improvement of the Bank’s competitiveness is contingent on the reduction of interest rate margins and extension of the maturity period.

397. It is also contingent on a true simplification of the procedures for appraising and implementing programs and projects, especially those concerning procurements and disbursements. Furthermore, it depends on the adoption of the country system whenever the internal procedures prove reliable and effective. It is contingent on efforts aimed at speeding up decentralization and strengthening proximity to our regional office customers. Last but not the least, it is contingent on the transfer of quality knowledge and expertise.

398. Before concluding, I would like to salute the excellent report of the High Level Panel on the Bank’s future, as well as Management’s response to the report. In that regard, it is my view that the Bank’s interventions must remain relevant, selective and of a high development impact for all African countries.

399. In conclusion, I would like to present my warm thanks to Management, the Board of Directors and all staff of our Institution for their excellent work in the service of the development of our continent.

Thank you.

STATEMENT BY GOVERNOR FOR FINLAND

Ms. MARJATTA RASI, GOVERNOR, HEAD OF DELEGATION

Chair/Mr.President,

400. It is a pleasure to be here in Maputo to participate in the Annual Meeting and to enjoy the hospitality so graciously offered to us by the Government of Mozambique.

401. For the past decade, many positive economic signals have come from Africa. But in spite of the remarkably rapid growth in some areas there are still many countries that have not reached the prospective path of economic growth. Africa is too vulnerable to fluctuations in the world economy, to other problems such as climate change, rise in food prices. In addition, growth at the national level does not always benefit the poor segments of the population and disparities in living standards continue to increase. We would welcome a dialogue between the Bank, the African political leaders and also the donor community how the challenge of growing disparities could be combated.

Chair/Mr.President,

402. The year 2007 was a very active and a good year for the Bank and the Bank should be commanded for their performance: Bank’s finances are in a good and solid base, ADF-11 replenishment round was very successful: the HLP’s recommendations help the Bank in the long-term planning; and there has been good progress on a focused and relatively selective Medium-Term strategy.

403. Finland welcomes the Bank's work on the medium-term strategy. We appreciate the important role that the High Level Panel had in giving ideas and guidance. We fully agree with the approach to be more selective and focused. Infrastructure is undoubtedly the main focus-area for the Bank and in the African context the emphasis needs to be for the benefit for the rural population, especially women. At the same time, however, we also underline that there has to be enough flexibility to respond to various country needs and adjustment when operational environment changes.

404. We support the Bank to strive for inclusive economic growth in its members countries. Evidence shows that favourable economic development is the best tool for poverty reduction. Active measures are needed in order to curb the new development challenges, including the climate change. The growth patters need to adjusted to a sustainable trend/basis, economically as well as socially and ecologically. The AfDB has a major task in supporting the use of environmentally sustainable technologies in the region, and most notably clean energy. The Bank should promote the adoption of adequate environmental safeguards and the strengthening of national and regional initiatives. These measures should include sustainable forest management among other important ways to control carbon dioxide emissions.

405. We welcome the renewal and increased emphasis on fragile situations and post conflict states. Economic and development issues contribute to the causes of fragility that need to be tackled to enable return to conventional social structure and governance structure. The Bank has now a special instrument and sizable resources for a meaningful engagement.

A greater understanding is needed of the diverse circumstances and development challenges encountered in fragile situations and post-conflict states and the sub-regional setting. Most important in our view is ownership, putting the countries themselves in the driver’s seat and working with the government as well as with the civil society.

406. The Strategy is not complete without an effective results framework which outlines the Bank’s targets and enables the Bank to monitor its development progress.

Chair/Mr. President,

407. The key challenges remaining are those of delivery and execution, not least relating to shared commitments made in the draft MTR and during the ADF negotiations. It is also important to finish the still pending institutional processes necessary to implement the reform agenda, which are not yet fully in place and thus delaying effective implementation. The shareholders and the donors have delivered, now it’s up to the Bank to deliver.

Chair/Mr. President,

408. I am very pleased to note the satisfactory outcome of the ADF-X replenishment negotiations. Finland was proud to increase substantially her share of the ADF-11, which reflects our strong support to Africa and our commitment on continuing support to the African Development Bank.

409. The Finnish bilateral cooperation in Africa is directed to a few poorest countries. The Finnish Government has, in concordance with its new Development Policy, started planning for new bilateral, regional and thematic interventions including seeking wider leverage trough multilateral partners, such as the African Development Bank. In order to achieve environmentally sustainable development, we will direct new funding to renewable energy, forestry, rural development and agriculture as well as information and knowledge sectors. In these areas we would be interested to explore further partnering and co-financing possibilities.

410. In the Finnish development cooperation, the eradication of poverty in accordance with the Millennium Development Goals remains the main objective and special emphasis is given to issues relating to climate change and the environment. Finland has taken the view that eradicating poverty is possible only if progress made in developing countries is economically, socially and ecologically sustainable.

Thank you.

STATEMENT BY REPRESENTATIVE OF TURKEY

Mr. MEHMET ALI SAGLAM

Mr. Chairman, Mr. President, Dear Governors, Distinguished Guests

411. It is a great honor and privilege to address this distinguished audience in the beautiful city of Maputo at the 43rd Annual Meeting of the Board of Governors of the African Development Bank (ADB) and the 34th Annual Meeting of the Board of Governors of the African Development Fund (ADF).

412. At the outset of my statement, on behalf of the Government of Turkey, I would like to extend my heartfelt gratitude to all ADB member countries for their overwhelming support for Turkey’s application to join these two eminent institutions.

413. I would like to also express my sincere appreciation to the Government of Mozambique for hosting this important event.

414. My special thanks are also due to the President of ADB, Mr. Kaberuka, and the able staff of the Bank for the excellent arrangements they have done for holding the meeting.

Dear Governors,

415. Turkey aspires to support peace, prosperity and development efforts of all African countries. As a companion of African people we desire to work together on the way to regional cooperation, peace and sustainable development.

416. As we reach the half-way mark to the Millennium Development Goals deadline of 2015, we believe Turkey’s accumulation of technology, know-how and experience is important in the fields needed by African countries. Turkey has already taken initiatives towards developing bilateral relations with African countries in the framework of its “Opening up to Africa Policy”.

417. Since its establishment in 1964, ADB has made great strides in its efforts to fulfill its objective of eradicating poverty and improving the livelihood of the people in Africa. We are confident that Turkey’s membership to the ADB and participation in the ADF will provide a new channel for further development of the economic and technical cooperation between Turkey and the continent of Africa.

Dear Governors,

418. The Government of the Republic of Turkey presents thanks and compliments to the Board of Governors of the African Development Bank (ADB) and African Development Fund (ADF) for approval of the membership of Turkey to both institutions, ADB and ADF during their annual meetings held in Mozambique on 14-15 May 2008.

419. As you may recall, now after the approval of the Board of Governors we will proceed with signing, ratification and deposit of ratification of the Agreements establishing the ADB and ADF. Then, it will be a great honor for the Government of Turkey to join the regional and non-regional member countries in promoting social and economic development of the continent.

Thank you all.

STATEMENT BY GOVERNOR OF MAURITIUS

Mr. DHOORUNDHUR MOHIT

Mr. Chairman President Kaberuka Excellencies Colleagues Governors Ladies and Gentleman

420. I am very pleased and honoured to take the floor at the 2008 Annual Meetings in representing the Governor for Mauritius. Please allow me to express on behalf of the Government of Mauritius our gratitude to the Government of Mozambique for the warm welcome extended to my delegation.

421. We have noted with satisfaction that the profound institutional reform the Bank has initiated under the leadership of the President is giving the expected results in terms of strong financial results and better governance structures. Coupled with this, the Independent Review Mechanism is well designed for increased transparency in Bank’s intervention in Member States.

Ladies and gentleman,

422. From the various statements made this morning, it is evident that we know what are the problems and issues to be addressed. However, we need to put the right mechanisms and instruments in place now to transform these ideas into realizable and sustainable projects. In COMESA we are designing such an instrument in the form of the COMESA Fund to do just that. The Fund will be used to channel resources to support regional integration by marrying policy reforms through the Adjustment Facility and infrastructure development through the Infrastructure Facility (CIF). These have to be undertaken in tandem in order to ensure that the benefits from lowering barriers to the flow of goods, services, capital and labour are fully realized. The CIF is a unique fund in the region in that it seeks to:

• Create a forum to minimize risks on regional projects by bringing together in one structure the Ministers of Finance who are the policy makers,, the Cooperating Partners and market players interested in implementing infrastructure as a Private Public Partnership • Provide a channel to address coordination problems between promoters of PPP projects and the Governments concerned by the Project • Establish a link between the reform of the regulatory framework, required policy changes and the necessary conditions for individual regional projects to succeed. Moreover, establish with the support of Cooperating Partners, a mechanism to provide financial support for the necessary reforms to be enacted. • Combine private sector investments with cooperating partner funding to reduce project costs and make projects affordable. • Utilize cooperating partner funds in a revolving manner to allow greater leveraging of private sector investments per dollar of cooperating partner contribution.

• Mobilize international and local private sector funding (pension and sovereign funds and bank financing). • Focus on trade-related regional infrastructure including food security and renewable energy. • Build on member country contributions to the CIF to demonstrate support and commitment to the fund

423. An initial pipeline of projects has been identified to kick-start the Infrastructure Facility but support will be required from development partners and IFIs to undertake the required feasibility studies to transform them into bankable projects. We invite our development partners to contribute in the design and operational modalities of the Facility to make it compelling to the market.

424. This model can be replicated in other regions as well to ensure that we address Continental integration in a harmonized and integrated manner in the spirit of the Abuja Treaty. Food security is as a critical area to be given priority of intervention. The model proposed would give a clearer focus to the proposed Regional Integration Initiative with the Fund supporting the much needed policy reforms to enable PPP infrastructure related to increasing food output and facilitating intra-regional flows of food. We suggest the creation of a Regional Food Security Company that could, with the support of financial institutions and development partners, build the required regional infrastructure, which are regional goods, while leaving the commercial exploitation to the private sector.

Mr Chairman,

425. I would wish to make two additional points relating to the MICs and the competitive pricing of Bank’s financial instruments. MICs, in spite of a higher level of per capita income, also face similar problems of leveraging appropriately priced funds for their development purposes. We therefore urge the Bank to urgently conclude put in place instruments which are more flexible and differentiated to meet the needs of these countries. The Bank also needs to ensure that its own instruments are as competitive if not better than what is available from other IFIs to meet the growing financial needs of our member states.

426. I thank you for your attention and look forward to working with the Bank to carry the initiative forward.

STATEMENT BY GOVERNOR FOR LIBERIA

Dr. ANTOINETTE M. SAYEH

Mr. Chairman, Fellow Governors, Mr. President of the Bank Group, Distinguished Ladies and Gentlemen

427. Let me join others in expressing our gratitude to the Government and people of Mozambique for hosting us so well in this beautiful city of Maputo. For us in Liberia, Mozambique’s experience in transforming its economy after its civil war holds many lessons and promises as we too work to rebuild our country after our protracted conflict.

428. In the three years I have participated as Governor in these meetings, Liberia has continued to make good progress in re-establishing its relationship with the international community. The last six months in particular have propelled us significantly forward, with our arrears to the ADB Group, the World Bank, and the International Monetary Fund at long last all cleared, and our Decision Point under the HIPC Initiative attained. We also remain engaged with our private creditors on a cash buy back of our debt to them, and just last month concluded a restructuring agreement with the Paris Club. So our debt is well on the way to resolution and we can finally turn our full attention and scarce capacity to the monumental reconstruction and poverty challenges confronting Liberia.

429. Building our achievements over the past two years and with technical support from a number of our partners, including the ADB, we plan to deepen our public financial management reform program under our new IMF Poverty Reduction and Growth Facility arrangement. After implementing our Interim Poverty Reduction Strategy over the past year and a half, we finalized last month our first full Poverty Reduction Strategy or PRS to provide a medium-term framework for our macro and sectoral reform efforts.

430. Throughout the extensive PRS consultation process our citizens across the country put the highest priority on roads first, followed by health and education. The government is fully committed to the implementation of the PRS, and is already demonstrating that commitment through the composition of our budget for our next fiscal year.

431. But no matter how poverty-focused our budget, Mr. Chairman, our revenue envelope remains severely constrained in addressing our vast reconstruction and development needs. We therefore look to our partners to fully align their assistance with PRS priorities and to consider the provision of budget support to Liberia in order to urgently fill critical gaps in PRS financing that can only be met through the budget. We plan to discuss this and other PRS implementation issues with our partners during the 2008 Liberia poverty Reduction Forum in Berlin Germany on June 26 & 27. We look forward to seeing a number of you there.

Mr. Chairman, Distinguished Ladies and Gentlemen,

432. With the exceptional support in clearing our arrears last December, we are pleased indeed to be resuming a normal relationship with the Bank after nearly a quarter-century, and pleased with the initial fruits it has borne. In particular we are grateful for the ADB’s responsiveness in approving a high-priority US$ 22 million labor-intensive road project immediately after arrears clearance, thereby safeguarding ADF 10 resources for Liberia that would have otherwise lapsed. With DFID assistance the Bank is also now supporting our water sector, and the Bank has just approved resources for a new microfinance institution Access Bank.

433. We are very encouraged by the approval of the Fragile States Facility which positions the Bank to engage more effectively with countries like ours. We were very pleased to see the Bank’s focus on fragile states confirmed in the strategic directions outlined in the High Level Panel report. Let me also join others in congratulating Bank management and donor partners on the successful 11th replenishment of the ADF and for the inclusion of resources devoted to the needs of fragile states. As we stressed during last year’s Meetings, however, the Bank must also turn its attention to establishing an on-the-ground presence in countries like ours in order to support a more effective policy dialogue and better portfolio performance. We believe moreover that the Bank’s continued strong financial performance should permit it to establish full-fledged and empowered country offices in these the neediest countries, without imposing an undue financial burden on the institution. Finally, there is an urgent need to accelerate the reform of operational policies and procedures so as to facilitate the more timely disbursement of Bank resources and the rapid results so essential in a post- conflict environment. In that regard the approval last week of changes to ADB Group procurement procedures is most welcome.

434. Mr. Chairman, much has been said about the international food crisis during these meetings. We must see all that talk translated quickly into tangible results. As one of the most seriously affected countries, we already took in March initial steps of our own to respond, suspending the import tariff on rice to mitigate the impact, and subsequently working to make seeds more readily available to our farmers. The tariff suspension will cost our meager budget some US$ 8-9 million on an annual basis, so we are therefore also crafting a longer-term and more sustainable response in the form of policies and measures to increase domestic rice production.

435. We are in that context very pleased to learn of the ADB’s broad strategic response. As proposed by the Governor for France, we believe that both the food and energy crises underscore the need for development of an ADB budget support instrument to help countries deal with emergencies and exogenous shocks. The Bank’s significantly improved financial position provides an opportunity for doing so, and we were pleased to learn from President Kaberuka’s address yesterday that a proposal is being developed to allocate some surplus resources to help countries cope with the crisis.

436. Let me close by commending President Kaberuka and the Board of Directors for their strong stewardship of the institution over the past year and for its responsiveness to Liberia’s needs.

Thank you very much, Mr. Chairman.

STATEMENT BY TEMPORARY GOVERNOR FOR AUSTRIA

Dr. CHRISTOPH MATZNETTER

Mr. Chairman, Distinguished Governors, Mr. President, Ladies and Gentlemen

437. On behalf of the Austrian delegation and on my own behalf I wish to thank first of all the people and the Government of Mozambique for hosting these meetings and the warm welcome provided to us.

438. In general, meetings in the region itself always offer good opportunities for us from outside of Africa to get first hand impressions of the realities behind the many documents we take note of.

439. Attending this event however, an additional pleasure to me is that Mozambique is one of 5 focus-countries of the Austrian development cooperation in Africa.

440. Mr. Chairman, having in mind the purpose of the African Development Bank Group – to further economic and social development – what is the current background for this challenge?

441. Gladly we take note of impressing high annual real GDP growth rates of between 5 and 6% in many African countries, although, unfortunately, these figures are still lagging behind what would be needed to achieve the Millennium Development Goals.

442. We find even more reason for concern when comparing selected social indicators for Africa with those for developing countries. They still give a gloomy picture for life expectancy, infant mortality, access to water and adult illiteracy.

443. If we recall on the other hand the African Development Fund's approvals by sector in 2007 we find no activity in health (compared to 5.8% in 2006) and just 2.6% of resources directed to education (compared to 4.7% in 2006). In our opinion this reflects a very serious development unless these sectors had been addressed sufficiently by other institutions. But was this the case?

444. We appreciate on the other hand that 18% of approvals by sector had been devoted to water and sanitation (compared to only 11.5% in 2006).

445. The sector approach leads me to the new operational orientation as covered in the agenda items High Level Panel Report and Medium Term Strategy, two items that from our point of view are the core items on the agenda and therefore attracted our full attention. Our evaluation of the papers and discussions so far leads to the following conclusions:

• We fully agree to selectivity, as the Bank Group cannot cover all sectors. • We endorse African regional integration, as Austria herself knows the benefits of (European) integration.

• We support special attention to fragile states to address their vulnerability. • We acknowledge the importance of infrastructure. • Yet, we do not share the overassessment, as we see it, of certain subsectors of infrastructure at the disadvantage of health, education and to a lesser extent even agriculture.

446. With due respect for selectivity the basic needs – water, food, basic health and basic education - still are the primary challenges for this continent and consequently its prime development institution. This Austrian position is not new.

447. I underlined it myself only during the past Annual Meetings in Shanghai. Unfortunately it got confirmation by the actual and sad developments: The current strong increase of food prices triggering civil unrest in several countries worldwide is a warning to all of us, industrialized and developing, not to loosen attention to the basic needs of the people.

448. The industrialized countries have to see that their attempts to meet climate targets through renewable energy will not crowd out food production; and developing countries, supported by development institutions, are encouraged to give priority to food self sufficiency before cash crops.

449. Speaking for Austria, I can assure you that the importance of and attention to the sectors just mentioned, have provided us at home so far with the political support during legislation for our engagements in replenishments, a support we soon will need again for ADF XI and IDA 15.

450. Mr. Chairman, let me now describe Austria's cooperation with Development Institutions focussed on Africa:

451. We did support a high increase of ADF XI and will keep our recently increased burden share therein, we will participate in IDA 15, we will shoulder our share in MDRI and will continue to support the African Water Facility for reaching the MDGs.

452. All this will contribute significantly to meeting the EU ODA target of 0.51% of GNI by 2010 and we have achieved 0.49% in 2007, the goal is 0.7% in 2015.

453. But in addition to finance, we also have a strong political interest in Africa, as one can see from the first visit of an Austrian head of state to Sub Saharan Africa, when President Fischer visited Ethiopia and Mali earlier this year. I was privileged to be a member of the Austrian delegation. We all have to deal with crisis and Austria will be a partner for the continent.

454. In concluding let me state that neither donors and developing countries, nor development institutions can lean back and enjoy the positive outcomes of joint efforts that we fortunately can see, but have to work persistently on the challenges of development. The current food crisis being the most recent example.

Thank you.

STATEMENT BY GOVERNOR FOR KENYA

Hon. AMOS KIMUNYA

Hon. Chairman of the Board of Governors, Colleagues and Friends President of the African Development Bank Group, Fellow Governors, Members of the Board of Executive Directors, Your Excellencies, Members of the Diplomatic Corps, Distinguished Guests, Ladies and Gentlemen

455. Let me also join my fellows Governors in expressing my sincere gratitude to the Government and the people of Mozambique for the warm reception and generous hospitality that has been accorded to me and my delegation since our arrival in this beautiful country.

456. In the same vein, let me also express my profound thanks and appreciation to His Excellency, Dr. Donald Kaberuka, President of the ADB Group, management and staff of the Bank for the excellent work they have done in arranging this annual meeting. I commend the President’s leadership which I am confident will enable the Bank to move even to greater heights in the fight against poverty. Indeed the Bank has been a dependable partner to Kenya on this front.

Mr. Chairman,

457. Allow me to share with you briefly our political and economic development in the recent past. Despite the various challenges we have had to contend with, the policies and reform programmes that the Kenyan government has been implementing over the last five years have yielded dividends. Our Gross Domestic Product (GDP), has grown from a low of 1.8% in 2003 to high of 6.9% in 2007. The sustained growth in our GDP is attributed to broad based growth particularly in the tourism, agriculture and manufacturing sectors. Government efforts in our governance reforms programmes particularly in the tax administration, also resulted in the doubling of government revenue in 2007 compared to 2002. This has enabled the Government to fund 95% of its operations from own resources and also to scale up its expenditures on infrastructure, social sector and in the provision of free primary and secondary education.

458. Overall our income per capita has risen from US$400 to US$ 630 and our poverty levels have reduced from 56 % in 2000 to 46 % in 2007 for the population living under one dollar a day.

Mr. Chairman,

459. The economic takeoff I have enumerated to you was unfortunately interrupted by political turbulence. As you all may be aware Kenya went through a General Election in

December 2007, which was highly competitive. The announcement of the presidential elections was followed by violent protest. The unprecedented violence resulted in 1200 Kenyans losing their lives, about 300, 000 dislocated and property worth millions of Kenya shillings destroyed. This was a sad moment in our country’s history, intense, but fortunately short-lived, it woke us to the reality that we are all vulnerable to conflict, if we don’t address the underlying issues. From being peace makers in the region, we became peace seekers.

Mr. Chairman,

460. I am however, happy to inform you that we now have a Grand Coalition Government thanks to the peace accord brokered by the African Union. We acknowledge the role of eminent persons from friendly countries, represented here for their contribution to the peace process. As I speak now normalcy, has been restored and Kenyans are beginning to get back to their regular social and economic life. Indeed, the commitment shown by leaders to the spirit of the national accord has given Kenyans confidence that peace and stability will prevail once again. With the right policies in place we can once again put the economy to the heights where it was before the turbulence of January and February 2008. I’m very confident that the past is behind us and with the political solutions found we are poised to transform Kenya within the framework of the long-term national vision 2030 where we seek to make Kenya a “middle income country with a cohesive society enjoying equitable development “.

461. Underpinning this vision is the target growth of the national GDP at 10% per annum and sustaining it at that level for the foreseeable future.

Mr. Chairman,

462. On a broader perspective, we are all aware that we are in a global economy as has been mentioned by the speakers before me,, where fragile developing economies like ours are affected by external factors taking place in the rest of the world. The issue of marked rise in world crude oil prices, and food price is of greater concern to us. Sharp increase in fuel prices has caused inflationary pressure on other sectors. The cost of agricultural inputs has risen beyond what the ordinary farmer can afford and we face the possibility of serious food deficit. As a country the high prices of oil means we have to foot a high bill in oil imports, which will be at the expense of investment in the agriculture, social sectors and our pro-poor programmes. I wish to welcome the recent intervention of President Kaberuka in announcing additional funding of US$ 1 billion to the agriculture portfolio to address the food crisis in Africa. I also wish to support what the Governor from Nigeria who said, in one of the earlier meetings that Africa should resort to long-term measures to become self reliant particularly in the production of fertilizer. That is why we supported the initiative of establishing the Fertilizer Financing Mechanism. We look forward to participating in a regional fertilizer project, whose concept we fully support.

Mr. Chairman,

463. I commend the Bank on the part it has played in supporting integration of African economies and strengthening cooperation among regional countries. We particularly applaud the Bank’s new development concept of establishing Development Corridors (DC) as this will build on regional synergies.. This initiative will go a long way in supporting this year’s theme of the Annual Meeting of “Fostering Shared Growth: Urbanisation, inequality, and poverty.”

464. As we enter the ADF XI programming cycle, I would like to take this opportunity on behalf of the Government of Kenya to thank the ADB and the ADF State Participants for the efforts of increasing the resources under ADF XI by 52% over the resources of ADF X. In particular, the substantial increase in grants funds will undoubtedly help reduce the risk of countries falling into debt crisis in future.

465. With regard to decentralization, the Government of Kenya appreciates the opening of Kenya Country office, which is now fully operational. This is an effective step towards increasing disbursement levels and supervision of projects implementation. We support the ongoing delegation of responsibilities to the country offices and look forward to the day when all decision making will be finalized in the country.

Mr. Chairman,

466. I would like to conclude by thanking the Government of Mozambique for hosting this important meeting and I also wish to reaffirm Government’s appreciation for the good relations with Bank. I assure you of our commitment to pursuing prudent economic management for the betterment of the people of Kenya and once again thank the ADB Group President and the ADF Board for the continuous support extended to Kenya.

Thank you.

STATEMENT BY GOVERNOR FOR GUINEA BISSAU

Dr. ABUBACAR DEMBA DAHABA

Honorable Chairman of the Board of Governors, Mr. President of the African Development Bank, Distinguished Governors, Ladies and Gentlemen

467. It is a great honor for me to add my voice to those who have gone before me to express my profound thanks to the Government and our brothers and sisters of Mozambique for the warm welcome given to our delegation, as well as for the exemplary organization of this event, which is so vital for the operation of the African Development Bank.

468. Permit me to also congratulate President Kaberuka and his team on the excellent work they are doing to adequately address the most complex economic and social problems faced by the continent.

Your Excellencies,

Concerning my country, I would like to talk about the following:

469. The new political and institutional landscape, which led to the pact that has ensured political stability since April 2007, has enabled the Government of my country to formulate policies geared, first and foremost, towards the creation of projects to guarantee political stability and economic recovery, as well as to combat the factors of exclusion and vulnerability faced by the people.

470. At the domestic level, the Government’s enhanced ability to implement public administration, defense and security reforms, promote economic growth and job creation, and pursue the Millennium Development Goals are examples of the Government’s determination to guarantee political and institutional stability.

471. At the international level, the Government has prioritized resuming relations with the International Monetary Fund and, thereby, normalizing relations with Guinea-Bissau’s other development partners.

472. It is within this context that the approval for Emergency Post-Conflict Assistance (EPCA) was granted last January by the International Monetary Fund as a result of the Government’s performance and commitment to continue implementing economic and financial reform.

Your Excellencies,

473. The food crisis threatening the entire world today is a cause for major concern for every country in general, and for the most vulnerable countries, such as Guinea-Bissau, in particular. We are pleased to see that the same concern appears on the agenda of the African

Development Bank. We therefore are closely following the Bank’s concern in addressing the crisis.

474. The worldwide food crisis has led to increased food demand and rising prices, prompting reflection on ways of remedying the situation around.

475. The reflection in Guinea-Bissau seeks to find ways of tapping the economic potential of the agricultural sector so as to tackle the crisis in the medium term.

476. Indeed, Guinea-Bissau has approximately 1,400,000 hectares of arable land, of which only 381,000 hectares are farmed. Moreover, only 68,000 hectares of the cultivated area are used for the production of rice, which is the staple food of the population.

477. Therefore, as we can see, while it is vital to develop such potential, the agricultural sector may, through a public-private partnership, rapidly increase the production of this cereal on a large scale. This would position the country as a producer, or even a key exporter of rice in our sub-region.

478. This means, Your Excellencies, that the food crisis may, in the case of Guinea-Bissau, be a unique opportunity to combat the vulnerability of its economy.

479. Consequently, I would like to take seize this opportunity to invite the ADB to join in this challenge, specifically in case of Guinea-Bissau, so as to ensure self-sufficiency in food for the country, and thereby contribute to lasting peace in Guinea-Bissau and the sub-region.

Your Excellencies,

480. In conclusion, I would like to inform you that Guinea-Bissau’s legislative elections are scheduled for this November. The Government and people of Guinea-Bissau have the support and solidarity of the international community to ensure that the elections are held on the scheduled date and that they are as transparent as possible.

Thank you very much for your attention!

STATEMENT BY GOVERNOR FOR GUINEA

H.E. OUSMANE DORE

Mr. Chairperson of the Board of Governors, Honorable Governors, Mr. President of the African Development Bank, Ladies and Gentlemen

481. It is a great honor on my part to participate in the 2008 Annual Meetings of the African Development Bank Group holding here in Mozambique in this pleasant City of Maputo.

482. On behalf of the Government of Guinea, I would like to express my warm and heartfelt thanks to the authorities and people of Mozambique, for the warm welcome and good arrangements made towards the full success of our meetings.

483. I seize this opportunity to congratulate and pay homage to Mr. Donald Kaberuka, President of the African Development Bank, the Board of Governors, Management and staff for the excellent organization of these meetings.

Mr. Chairperson,

484. As with each year, we had enough time to learn about the operational activities and ongoing reforms in our common Institution.

485. My delegation highly appreciates the 2007 annual report and the very positive – and ever improving - financial and operational performance.

486. I welcome these results which demonstrate that the Bank has made significant achievements. Specifically, I would like to emphasize the considerable efforts that led to the successful replenishment of ADF-XI resources, which will certainly energize Africa’s several development programs. For all the undisputable achievements recorded, I would like to extend my warm congratulations to Management, the Board of Directors and all staff.

487. However, permit me to point out that although considerable progress has been made in terms of consolidating institutional effectiveness, there is need to encourage Management and the Board of Directors, with regard to decentralization, to ensure the Bank’s presence in the field as close as possible to its customers, in all regional member countries.

488. After more than four decades in existence, this approach would in our view constitute the best demonstration of the Bank’s vitality which several Africans await to discover, notwithstanding the Institution’s inestimable contributions and the enormous technological advances.

489. Furthermore, the Bank should pursue and accelerate the implementation of reforms on budgetary processes, delegation of authority at the country level and rigorous control in field offices.

Mr. Chairperson,

490. Given the multiple problems that Africa must face, the Bank should be equipped to not only pursue its financial consolidation, but also and above all, to become an institution offering multiple solutions, variants and viable alternatives, capable of meeting the numerous needs and multiple concerns of its regional member countries, and the aspirations of the African people.

Mr. Chairperson, Honorable Governors,

491. On behalf of the Government of Guinea, I would like to underscore the exemplary cooperation between Guinea and the African Development Bank. In fact, this cooperation which dates back to 1974, had developed over the years to reach record levels in the past five years. From its first intervention in Guinea in 1974 to March 2008, the Bank Group has financed scores of operations including projects, policy-based programs, institution building and studies, for a total of nearly UA 547 million of net commitments, in other words, more than USD 900 million.

492. These resources were deployed to fund various sectors, including agricultural development which occupies a prominent position, accounting for more than thirty per cent (30%) of the volume of financing.

493. The ongoing operations portfolio comprises 12 operations for a total financing of nearly UA 100 million, i.e. about USD 163 million.

494. In addition, the Bank has given support to strengthening regional cooperation and integration, by financing major multinational operations.

495. I will not fail to mention the debt relief of nearly USD 76 million in net present value already obtained from ADB under the HIPC Initiative, in addition to the recent USD 11 million as special interim debt relief, on the one hand, and the expected Multilateral Debt Relief Initiative worth nearly UA 202 million.

496. Overall, either from the portfolio volume or quality viewpoint, the African Development Bank occupies a top position among our country’s development partners.

497. With such a laudatory scorecard in terms of cooperation, we intend to pursue and intensify our relations in the coming years, with a view to implementing the Bank’s new poverty reduction strategy framework and priority action programs.

498. In order to concretize the good intentions that underpin the relations that fortunately exist between the Bank and Guinea, the two parties must work tirelessly to open the Bank’s field office in Guinea in the reasonable future. Indeed, given the high volume of investments in the mining sector whose projects will soon enter the active phase, we are convinced that the presence of such an office will further strengthen dialogue with the development partners.

Mr. Chairperson, Honorable Governors,

499. Peering into the future, I would first like to address a few current issues, dominated by rising food prices which today appears to present the World Food Program (WFP) and the Food and Agricultural Organization (FAO) with their greatest challenge ever. The food crisis - rightly qualified by some observers as the “silent tsunami” - threatens to plunge into famine tens of millions of additional persons in Africa.

500. The rising food prices also constitute a challenge to our Institution, given the numerous social convulsions that our continent witnessed during the past quarter of 2008. It must be seen as a unique opportunity to reflect on agricultural issues.

501. This leads us to raising the question as to what should be our agricultural development policy and the adjustments that should be made in future in that regard.

502. Furthermore, a welcome but more in-depth look should be cast on issues of concern, namely fragile states of complex and multiple dimensions, adaptation to climate change and clean energy – for instance solar energy, wind energy and biomass.

503. In conclusion, I thank the Government and people of Tunisia, the host of the Temporary Relocation Agency, for continuing to offer all facilities enabling the African Development Bank to continue its business, while awaiting its return to its headquarters.

Thank you for your kind attention.

STATEMENT BY GOVERNOR FOR GHANA

Hon. KWADWO BAAH-WIREDU

The Chairman of the Boards of Governors, President of the African Development Bank Group, Colleague Governors, Executive Directors, Distinguished Guests, Ladies and Gentlemen

INTRODUCTION

504. It is a pleasure to address the 2008 Annual Meetings of the African Development Bank Group.

THANKS TO GOVERNMENT OF MOZAMBIQUE

505. On behalf of the Government of Ghana, I wish to express our sincere gratitude to the Government and people of Mozambique for the warm hospitality that we have been accorded in this beautiful country.

AfDB PRESIDENT

506. We continue to note that the Bank under the able leadership of President Kaberuka is making great strides by promoting the Bank Internationally and also reorganising it internally.

BETTER STRIDES

507. We welcome the firm commitment shown by the Bank to improve efficiency, harmonization and delivery and we do applaud the vision of the Bank in enhancing the African continent particularly in ensuring that Regional Member Countries make better strides in attaining our development goals as well as meet the MDGs.

URBANIZATION AND GROWTH

508. The theme for the Annual Meetings ‘’Fostering Shared Growth, Urbanization, Inequality and Poverty in Africa’’ is of relevance noting the challenges faced by most Regional Member Countries (RMCs) who have to make sure the puzzle of urbanization with growth can be arranged to fit in with expected outcomes of achieving reduction in poverty and inequality on our continent.

WEALTH CREATION

509. Our continent is battling with the challenges of increased urbanization with its attendant effects on urban slums, poverty and growing inequalities both in the urban and the rural areas.

Hon. Chairman, Ladies and Gentlemen

POLICY MIX

510. I believe we are yet to implement the right mix of policies that will enable RMCs address the growing challenges associated with urbanization to enable us attain positive outcomes of urbanization instead of the increasing challenges being faced by urban dwellers, dearth of infrastructural facilities and increasing competition of other social amenities with the influx of rural dwellers.

STRATEGIES

511. We note with gratitude that the Bank has taken steps to help us map out strategies to address this problem which has implications for our development economies.

URBAN POVERTY REDUCTION PROJECT

512. Ghana is one of the beneficiaries of the African Development Bank Urban Poverty Reduction Project which is on a pilot basis. The project has taken off and there is evidence that the desired outputs will be attained by the end of the project period to buttress the good intent of the Bank to set the tone for addressing issues of urbanization and its attendant challenges.

Hon. Chairman Ladies and Gentlemen,

Overview of the Ghanaian Economy

FRAMEWORK

513. Ghana’s policy since 2001 has been aimed at implementing an economic and financial framework oriented toward stabilization.

DEBT SUSTAINABILITY

514. A major fiscal consolidation effort has been pursued aimed at improving revenue mobilization and streamlining expenditures with the ultimate aim of reducing the domestic debt to GDP ratio along with an anti-inflationary monetary policy stance.

DEBT RELIEF

515. The operationalization of the enhanced HIPC initiative and the Multilateral Debt Relief initiative has helped to create fiscal space to fund Social sector, poverty reduction and growth enhancing expenditures thus reducing pressure on the budget.

GDP GROWTH RATE

516. Real GDP growth over the 2005-2007 averaged 6.2 per cent and is expected to increase to 6.7 per cent this year 2008 with the private sector playing its role as an engine of growth.

RECOGNITION

517. Significant progress has also been registered in the private sector environment with due recognition being accorded Ghana by the International Community culminating in Ghana securing funds from the Euro Market to address infrastructural needs.

PRIVATE SECTOR DEVELOPMENT

518. Government has enacted legislations to cushion Private Sector Enterprises and in each of the past two years, the International Community has rated Ghana among the ‘’Global Top- Ten reformers and the Leading reformer in Sub-Saharan Africa in 2007 in the ‘’ Ease of Doing business Category’’.

AGRICULTURE AND INFRASTRUCTURE UNIVERSITY

519. We cannot talk of Private Sector Development in Africa without developing infrastructure to support agriculture, trade and energy. Indeed there is a growing gap between the demand and supply for infrastructure in the region and some estimates suggest that to meet the Millennium Development goals, the annual expenditures in Africa on infrastructure needs to increase.

INVEST MORE

520. Evidently, we need to invest more in infrastructure to trigger growth and poverty alleviation. Sectors like telecommunications, roads and energy that are more responsive to growth should be accorded increased attention

CRUDE OIL PRICES

521. Not withstanding the shocks from rapidly rising oil prices and the energy crisis, both inflation and interest rates are declining steadily and the cedi has been successfully redenominated in July 2007.

DISCOVERY OF OIL

522. The discovery of oil in commercial quantities in the country has also been a plus noting however the potential problems that have come in the wake of oil discovery elsewhere. Ghana has taken due cognizance and is seeking assistance to set the tone for a successful results.

Hon. Chairman, Ladies and Gentlemen

GOOD GOVERNANCE

523. On the promotion of good Governance, our Government considers this a key area of focus. In line with our development objectives there are plans to implement activities aimed at making Government more open, transparent and accountable.

2008 ELECTIONS

524. A visit to Ghana will attest to progress made in our democracy and we look forward to a successful election of a new President for our nation in December 2008 this year.

HIGH LEVEL PANEL REPORT

525. We note the content of the high level panel report submitted to the Bank’s Board of Directors particularly; the need for the Bank to promote more economic integration in Africa, invest in infrastructure and focus on higher education as well as earmark resources for fragile states under ADF XI. Ghana endorses the report as a step towards crafting a new vision for the Bank Group.

526. With respect to the infrastructure needs of Regional Member States these are estimated at between US$20 billion to US$30 billion a year and we are confident that the Bank’s assistance to RMCs will increase to cover the gaps.

527. We also need to achieve the MDG 3 relating to Women’s empowerment and equality and I wish to propose that a fund of US$100 million be set up by the Bank to cater for the needs of women who are eager to pursue Postgraduate and Doctorate degrees in our Universities especially in Sub-Saharan Africa. The beneficiaries will pay back on completion of their studies and serve as role models for other women.

Hon. Chairman, Ladies and Gentlemen

CONSOLIDATION OF AFRICAN FINANCE MINISTERS MEETINGS

528. Before I conclude my statement, I wish to propose that Governors consider an arrangement where African Finance Ministers meetings of the AU and the ECA could precede the Annual Meetings of the Bank Group. This would curtail transaction costs associated with travel arrangements made to attend these meetings.

INTERNATIONAL EVENTS

529. To conclude may I mention some special International events in Ghana and an upcoming one which will need your participation. Since the beginning of the year, Ghana has played host to the African CAN 2008, football tournament held in January/ February 2008 and the UNCTAD XI Conference held in April 2008.

530. Again we are privileged to host the third High level Forum on Aid Effectiveness in Accra from 2nd to 4th September 2008. I wish to use this platform to invite all of us to be present and to ensure we participate fully in drawing up the Accra Agenda for Action.

AID EFFECTIVENESS

531. It is expected that the meeting will take stock of progress made in the implementation of the Paris Declaration, identify challenges and bottlenecks and take necessary action to overcome these challenges to scale up the implementation of the aid effectiveness agenda for 2011 and beyond.

WELCOME TO GHANA

532. We are expecting all of you to be in Accra to enable us prepare a landmark document that will guide us all.

FELICITATIONS

533. On this note may I extend our warm felicitations to the Bank Group and the people of Mozambique for your warm reception and hospitality.

HOSTING OF 2017 ANNUAL MEETINGS IN ACCRA

534. May I formally announce to you Ghana’s intention to host the 2017 Annual Meetings of the Bank Group in Accra on its 60th year of independence.

Thank you for your attention.

STATEMENT BY GOVERNOR FOR SWITZERLAND

AMBASSADOR JÖRG AL. REDING

Mr. Chairman, Mr. President, Your Excellencies, Distinguished Delegates

535. On behalf of Switzerland, I would like to extend my gratitude to the Government of Mozambique and the authorities and people of Maputo for the warm welcome and the excellent arrangements they have made for this year’s Annual Meeting of the African Development Bank.

The Bank’s Strategic Orientation

536. 2007 was a crucial year in determining AfDB’s future strategic orientation. The High Level Panel Report (HLP), “Investing in Africa’s Future: AfDB in the 21st Century” and the AfDF-11 replenishment were important milestones in defining the Bank’s new strategic orientation. After reorganization and internal reforms, AfDB is well placed to make a major contribution to development in Africa. The successful completion of the AfDF-11 replenishment has equipped the Bank with resources to support economic growth and advance poverty reduction on the African continent.

537. During the AfDF-11 replenishment negotiations, Management made a number of commitments on institutional reforms. We are confident that a strong follow-up on these commitments will be made resulting in higher levels of development effectiveness, effective regional operations, and progress in fragile states and situations.

538. The elaboration of a new Mid-term Strategy (2008 – 2012) is underway. Considering the diversity of needs of regional member countries, I am convinced that the Bank needs to be selective and focus on areas in which it has a comparative advantage and a proven track record. Within a fast evolving aid-architecture, it is impossible for AfDB to be the jack of all trades. But with the right partnerships the Bank will be able to improve overall responses to DMCs’ needs in areas which the Bank itself may not be able to cover.

- I support the core commitments of the draft MTS, namely to strengthen the focus on infrastructure, regional cooperation and fragile states, and the focus on two key crosscutting themes, gender equity and environment and climate change.

- I agree with Management’s intention to foster more development partnerships among public and private actors, so called PPPs.

539. I also welcome the elaboration of a new MIC Support Strategy that would aim at deepening private sector investments and catalytic transactions, investing in regional integration and trade expansion as well as capacity building.

540. Let me now touch upon a few core aspects of the Banks current and future operations: infrastructure, adaptive capacity to respond to climate change, private sector development, governance and agriculture.

A Focus on Infrastructure

541. Infrastructure development is a great strength of AfDB. Considering Africa’s huge backlog in transport and energy infrastructure development, I strongly welcome the reinforced focus on infrastructure, power generation, water and sanitation and particularly on transport – both on the country and the (sub)-regional level.

542. Economic and agricultural development are critically dependent on access to markets and energy. Regional cooperation and integration can only be enhanced when countries are adequately linked by transport corridors, be it by roads, rail or water ways. If regional operations are complex and a challenge, their maintenance is even more challenging. Regional transport corridors need not just hardware, but also the software of sustainable finance, maintenance arrangements, supporting institutions.

543. With the launching of the Rural Water Supply and Sanitation Initiative (RWASSI), the Bank was set to become Africa’s premier institution in facilitating investments into water supply and sanitation. To speed up achieving results in this field, it is critical that the Bank promotes programs for hygiene education. An integrated approach with these three elements, i.e. water supply, sanitation and hygiene education, is critical for achieving respective health MDGs.

Climate Change and the Need for Enhancing Adaptive Capacities

544. Climate change has emerged as a crucial challenge facing Africa and the world in general. In Africa, many people live in coastal areas that will be particularly affected by Climate Change, and an even more significant number in marginal environments that bear a high risk from climate variability and temperature increase.

545. Switzerland is supportive of the Bank’s active role in tackling the challenges related to climate change in the African context. Enhancing adaptive capacities – the capability to cope with the consequences of climate change - is a fundamental challenge for the region. To enable individuals and societies to cope with climate change-related risks, a wide range of measures is needed, but in particular better risk assessment and risk mitigation - for example through insurance products. Micro-insurances for small-scale entrepreneurs as well as improved regulatory environments of the insurance sectors are a potentially promising way to mitigate risks. As part of its adaptation strategy, the Bank could explore this further.

546. As the development community steps up its efforts to support developing countries in investing along all four pillars developed in Bali - Mitigation, Adaptation, Financing and Technology – good coordination among all actors is required. Switzerland encourages the AfDB to harmonize its CC approach with the World Bank, the UNFCCC and regional actors, and to focus on priority areas based on its comparative advantages.

Engaging the Private Sector

547. The Millennium Development Goals and climate change related targets can not be reached without the active engagement of the private sector. The African Development Bank’s private sector operations are contributing to sustainable growth based on strong and dynamic enterprises. Large as well as small-scale entrepreneurs are however in need of conducive business environments free of excessive burdens, barriers, and corruption.

548. A skilled workforce is key for the development of the private sector. Specific efforts to help African businesses in tapping into vital human resources are therefore required. At the same time, the private sector has a huge potential to employ the young generation and to accommodate young African talent from overseas − thus turning the “brain drain” into a “brain gain”. Significant numbers of young and talented African academics are enrolled in universities overseas − including in Switzerland. I commend the Bank for its Strategy for Higher Education, Science and Technology (HEST). In the implementation of this strategy, the links of higher education with the private sector should receive particular attention in order to improve the incentives for young Africans to invest their talents on their continent.

Moving forward on governance

549. I appreciate the Bank’s engagement in enhancing good governance and anti- corruption activities throughout Africa. Many African countries have made progress in improving governance practices. These efforts have to be sustained, broadened and deepened. This is essential to meet the needs and rights of the citizens as well as to make African countries more competitive internationally. Only dedicated and continuous leadership from the top to the very bottom in the institution and in partner countries will bring success in the fight against corruption. I welcome that the Bank has renewed its commitment to governance and anti-corruption in its new MTS as well as in the new Governance Strategic Directions and Action Plan GAP 2008 – 2012.

Agriculture

550. For many years we have deplored low prices for farm produce and the unfavorable terms of trade. Now that the tide has turned we are even more concerned. High commodity prices for staple crops jeopardize the food security of the poor and carry a high potential for political unrest. Yet, in the right environment, high prices are also an incentive for farmers to increase production.

551. Sadly enough, over the past decade, investment in agriculture has often been considered a lower priority in national and international development policy. The message we have to draw from recent events is clear: Agricultural development remains indispensable for development and for poverty alleviation. All development partners should renew their emphasis on agricultural development and take the appropriate action especially on the policy level.

552. While some short-term response actions might be necessary, the real challenge are consistent, long-term policies. Only policies that are tailor-made to specific country needs can deliver agricultural development. We need to take an integrated approach by investing in infrastructure that supports agricultural production – which the AfDB is well equipped to do - , but also by investing in the knowledge, in science and extension, by creating the enabling

environment for farmers, the price signals and the secure tenure, and finally by encouraging trade in agricultural commodities and keeping the borders open. We are encouraged by the course the President has outlined to respond to the issue focusing on the strength of the Bank in infrastructure, but also using the convening power of the Bank to team up with other development partners.

553. In closing, I would like to thank the President and his staff for their dedicated work, and the results that have been achieved. Mr. President, I assure of the continued support of Switzerland for the African Development Bank.

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STATEMENT BY ALTERNATE GOVERNOR FOR ETHIOPIA

H.E. MR. MEKONNEN MANYAZEWAL

Mr. Chairman, Your Excellencies the Governors of AfDB Group, The President of the AfDB Group, Executive Directors, Distinguished Guests, Ladies and Gentlemen

554. Let me begin by saying how pleased I am to address the 2008 Annual Meetings of the AfDB Group. I also wish to express, on behalf of the Ethiopian delegation and on my own, our gratitude to the People and Government of the Republic of Mozambique for the warm welcome and hospitality accorded to us since our arrival in Maputo.

Mr. Chairman, Honorable Governors, Ladies and Gentlemen

555. As you are well aware, 2007 was a year that marked the continuation of sustaining the growth momentum of previous years for Africa. This is indeed a decent growth rate compared to the continent's performance of the preceding years.

556. However, when measured against the 7 percent or higher annual growth rate required to meet the MDGs, the performance of Africa fall behind target. For most sub-regions, a more rapid and sustained growth is required in the years ahead if the Millennium Development Goal of halving poverty by 2015 is to be achieved for Africa as a whole.

557. The high oil prices for oil importing countries pose a major threat to Africa's sustained growth and improved welfare of the people of the continent. The rising food prices both pose challenges and also offer opportunities which require careful analysis to minimize the risks and maximize the opportunities. As we know most of African countries agriculture is dominated by smallholder farmers who can benefit by improving their productivity and supplying the market. Of course we should make agricultural markets to work competitively. The threat of climate change adds further complexity to an already complex development challenge of Africa. It is obvious that the continent is more exposed to these threats than other developing regions. Greater attention is needed from the policymakers of African states as well as our development partners to minimize the risk to African sustained growth and development.

Mr. Chairperson, Honorable Governors, Ladies and Gentlemen

558. With regard to the performance of the AfDB Group during 2007, I wish to refer to some facts from the Financial Report of the year. From the Report we can see that many of the Bank's financial indicators have shown improvement. For example, the 2007 Net Income

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has increased substantially compared with the preceding year performance. This indeed is a commendable performance that is further demonstrated by the reaffirmation of the triple-A (AAA) and AA+ ratings from known rating agencies by indicating the soundness of the Bank Group’s financial outlook. These reflect that the Bank adapted sound capital adequacy and prudent financial management policies and this again demonstrates the capacity of the Bank to continue to fulfill its mandate as a development financing institution. I now wish to take this opportunity to thank the management and staff of the ADB Group for their contribution of this excellent achievement.

559. The Bank Group, from its modest beginning as a lending institution, has increasingly become a key development partner of African Countries, with the Bank's support featuring in the multi-dimensional development activities of its member countries.

560. In this regard, it is proper to make reference to the Bank Group's concessionary window, the ADF, which has been an important development partner of the poor countries of Africa for a long time now by providing with much needed concessionary resources. We are pleased to express that the successful completion of the ADF XI replenishment process with the record of UA 5.76 billion representing 52 percent increase over ADF X. This is indeed an important boost to the capacity the AfDB Group as it continues to strive to address the needs of the countries struggling to accelerate development, meet the MDGs; and end poverty.

561. As our development partner, the AfDB Group is not only a source of development finance, but also an important center of knowledge which can provide technical and managerial input in all phases of the project cycle.

562. Let me point out, on a more fundamental note, the Institutional Reform of the Bank, which has been going on for the last couple of years. The reform places emphasis, as we all recall, on transforming the AfDB into a knowledge and results based institution that delivers on the ground and as a result, became an "institution of choice and reference". Its aim is to build a strong, relevant Bank with excellent delivery. It is about enhancing development effectiveness of Bank Group Operation very much in line with the Paris Declaration to which the Bank is party to.

563. As a beneficiary of the Bank's support we welcome the reform. Let me recall what the Bank said with respect to the reform. "We will accelerate efforts to improve our institutional structure and improve policies and procedures across the board by holding ourselves to a rigorous standard in everything that we can do." I am aware of the desires by our member countries for us to be a more agile, responsive, less bureaucratic - a less rigid institution.

564. It goes further to say that "maintaining a strong country knowledge base is critical to reform country strategies, operations and programs, as well as, high quality lending. Building a strong decentralization program with genuinely empowered field presence, with appropriate skills at the Bank and in the field is vital."

565. Reflecting on the progress of the reform, we recognize that several measures have been taken. We would like to express our appreciation to president Kaberuka for his commitment and driving the reform. We do appreciate the challenge of realizing institutional change. Nevertheless, through time there need to be perceptible movements to the objective

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set by the Reform of the Bank. It must impact field operations and enhance the effectiveness of the Bank’s delivery.

566. We have long realized that decentralization of the Bank's activities not only is expected to bring efficiency to the Bank's operation but can also address the problems of member countries faster and better. Further more a strong country office can also contribute towards our efforts to harmonize donor interventions. In this connection, I wish to recall here our calls in the past for country offices to be given sufficient delegation of power in order to allow them to make effective decisions. This observation remains valid today. We wish to call on management once again, to fulfill the intended purpose of the decentralization effort and ensure its effectiveness. Country Offices should receive the necessary delegation of decision-making powers. Without this, country offices will only inflate the costs of the Bank's operation, with little benefit to the countries it is intended to serve. This still remains unfulfilled.

Mr. Chairman, Honorable Governors, Ladies and Gentlemen

567. On the domestic front, the primary agenda is to accelerate growth and end poverty. This informs our current five year plan. It’s central objective is growth- rural and urban that is sustained and broad-based. I am pleased to inform you that Ethiopia has registered strong economic performance as reflected in the average real GDP growth rate of above 10 percent per year during the last four years. All sectors of the economy contributed to this growth driven by agriculture, manufacturing and construction. Ethiopia continues to make significant progress in the area of human development- education, health and water supply. Infrastructure is being expanded to support the acceleration of growth which we very much need to sustain to end poverty. We are building democratic institution for inclusive political and economic development through devolution of power to lower levels.

568. Despite this achievement, the country still faces challenges in its efforts to sustain the high economic growth needed to end poverty. There is no ground for complacency. Our program requires massive resource flow for enhancing agricultural productivity, building human capital, increasing access to clean water and expanding and improving infrastructure. Investment is needed to continue in democratic institutions to strengthen the foundation for democracy and good governance. We need to continue investing in our capacity building to realize our objective of capable state and dynamic private sector to deliver sustainable development and secure the well being of the Ethiopian people. We recognize its centrality and act to ensure gender equality for accelerating our broad-based growth and societal transformation.

569. We are aware that an economy that generates sufficient amount of internal resources has better control of the implementation of development plans in terms of speed and scale. Therefore, to achieve sustainable development Increasing volumes of domestic resources have been our priority through tax reforms and export diversification.

570. But as we have said time and again one should not ignore the critical role that our development partners can play in our development by scaling-up predictable ODA, improving market access and encouraging FDI flows to complement domestic efforts. Because of the complementary actions real progress has been achieved in Africa over the last

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several years. However, currently a number of serious challenges have emerged like high oil prices with knock on effects. This threaten to erode the gains if not appropriately addressed, reversal are inevitable particularly in low-income countries.

571. We should not allow this current global challenge to prevail. The low income countries are the most vulnerable. We should bring our collective wisdom to address the current challenge facing the international community. To address the food prices issue, the sustainable measure is to continue focusing and investing in improving the productivity of smallholder farmers, increase output and contribute to stabilization of food prices in urban areas. Time is not on our side. The international community has a dead line to meet: The MDGs in 2015.

572. Finally, please allow me, to call up on all members and our development partners to work together for the success of our Bank to enhance its contribution to Africa’s development. Key to this is the fast tracking of the institutional reforms that the Bank is currently implementing, I wish to reiterate my confidence that the institutional reforms will bear fruit in the shortest time possible to help AfDB deliver effective support to us- the beneficiaries like Ethiopia.

I thank you for your attention.

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STATEMENT BY GOVERNOR FOR BURUNDI

Mrs. NIZIGAMA CLOTILDE

Mr. President of the African Development Bank, Honourable Governors, Distinguished Guests

573. It is an honour for me to address this august Meeting on behalf of the Government of Burundi.

574. Permit me, first of all, to thank the Authorities and people of Mozambique for the warm welcome given to me and the delegation from Burundi.

575. It is also with much satisfaction that I seize this opportunity to congratulate the Senior Management and staff of the Bank for the excellent organization of these Meetings.

Mr. President,

576. The 2007 Report and financial statements of the Bank show the good financial health of our Institution, and enhance ADB’s reputation at the international level. With these results, the Bank’s vision should be further geared towards meeting the challenges of Regional Member Countries. For most of our countries, it will be difficult to achieve the Millennium Development Goals (MDG) if aid in not more consistent. Consequently, our institution should provide our countries with long-term solutions to overcome obstacles to their development.

Mr. President,

577. Africa has made progress at the economic level over the past few years. However, as the previous speakers have pointed out, that progress could be wiped away by external shocks, such as the upsurge in the prices of oil and food products, which have enormous adverse impact on the standard of living of the most underprivileged populations. In addition to these exogenous factors, mention should be made of the conflicts and wars that hamper the increased growth we need most.

578. As regards the food crisis, the Bank should adopt short, medium and long-term strategies, and reflect on appropriate instruments for addressing such crises.

Mr. President,

579. The ADB helps, and has always helped, Burundi in its economic and social development efforts. I encourage you to continue helping us because we still have a long way to go. Today, after fifteen years of armed conflict, Burundi is a fragile country. It is still trying to regain its erstwhile dynamism, and even do better. Today, the aid it receives from its traditional partners is not enough to boost the economy.

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580. The international community has been closely supporting the peace process in our country since the Arusha negotiations. It has also contributed to rehabilitation, and was involved in monitoring the electoral process in 2005, which led to the establishment of the current democratic institutions welcomed by the people of Burundi with immense joy.

581. The countries of the sub-region, the mediation and the Political Directory recently convinced the last rebel movement to resume negotiations under the Joint Verification and Monitoring Mechanism (MCVS). It will be recalled that the movement unilaterally opted out of the Mechanism and resumed hostilities three weeks ago, thereby violating the ceasefire signed in September 2007.

582. The Government remains convinced that priority should be given to negotiations in the efforts towards sustainable peace. Indeed, we would like to seize this opportunity to thank all Burundi’s partners who are assisting us in this resolute progress towards peace and reconciliation, and more particularly the countries of the region, the South African mediation, the African Union, and the United Nations.

Mr. President,

583. The Government of Burundi is making significant efforts for the country to reach the HIPC Initiative completion point with the support of the IMF and other partners. Indeed, the negotiations of the second PRGF programme with the IMF are underway and are being finalized. The country will soon have a solid basis for preparing an Assistance Strategy in consultation with its partners.

584. Furthermore, Burundi has embarked on a vast structural reform programme based on a three-prong strategy: (i) improvement of the business climate and governance; (ii) opening up to international trade; and (iii) privatization of State assets in productive sectors. All these reforms will enable Burundi to join the world economy and achieve sustained development. ADB support is therefore expected, particularly in terms of skills available within the institution.

Mr. President,

585. I cannot conclude my statement without recognizing the merit of the Bank’s commitment to the decentralization of its activities so as to better serve its customers. Indeed, I wish to express the desire of the Burundi Government to have a country office to improve the implementation of projects financed by the Bank. The ADB is therefore requested to grant this request, as it is one of the key development partners of Burundi.

Thank you for your kind attention.

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STATEMENT BY THE GOVERNOR FOR SWEDEN

Mr. BENGTCÉN ANDERS

Honorable Chairman, President Kaberuka, Respected Governors, Ladies and Gentlemen

586. Let me begin by joining others in thanking the authorities of Mozambique and the city of Maputo for organizing this year’s annual meeting. It is a true pleasure to be here, enjoying the atmosphere and hospitality.

587. The theme of this year’s annual meeting – urban development– is a good selection and will be an increasingly important issue in the future. The inter-linkages between urban and rural development will be a key question, not least in relation to the rapidly increasing food prices we have witnessed lately. Regarding the AfDB’s engagement in the area, we look forward to the forthcoming Urban Development Policy. We trust that the bank’s work in urban development will be within the operational priorities of the ADF 11 and Medium-Term Strategy.

Mr. Chairman,

588. Sweden commits one percent of its GDP for international development cooperation. Our commitments:

to fight poverty, to contribute to gender equality, to promote good governance and to address the challenges arising from climate change.

Furthermore, Sub-Saharan Africa is a priority for Sweden’s development cooperation.

With these priorities, it is understandable that we consider the African Development Bank to be a very important partner in our efforts to promote development and fight poverty in Africa.

589. The AfDB’s strategic direction is outlined by three concurring documents: the ADF 11 Deputies Report, the High Level Panel Report and the draft Medium Term Strategy. Sweden approve of the general strategic direction taken by the bank. We welcome the increased focus on fragile states and gender equality through the recent replenishment of the ADF, and also the choice of governance, regional integration and infrastructure as core operational priorities for the ADF. We applaud the effort to increase the bank’s selectivity. In fact, we believe the AfDB can be even more selective, than in the proposals discussed so far. For example we are not convinced of the comparative advantage of the bank in higher education, one of the proposed focal areas.

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Mr. Chairman,

590. Sweden places great importance on the relevance, efficiency and development effectiveness of the multilateral organizations that we fund. An organization with modern human resource practices, characterized by transparency and focused on managing for results according to strategic priorities is well placed to be able to deliver strong and sustainable results on the ground. We are therefore particularly pleased that there is a decision on a comprehensive and ambitious results framework for the ADF. With our emphasis on development effectiveness and institutional efficiency we would like to strongly recommend incorporating a results framework, as thorough as the one in ADF, in whole of the bank.

591. The results framework is also relevant in broader terms, namely through the bank’s engagement to deliver on the Paris Declaration. This is, naturally, a highly urgent issue with reference to the upcoming meeting in Accra. We acknowledge that the bank has made significant progress on the Paris Declaration, especially through opening up country offices. However, the country offices still lack both the human resources capacity needed and adequate delegation of authority.

Mr. Chairman,

592. With the medium term strategy and the results framework in place the focus should now be on delivery and results. In the next 18 months leading up to the mid-term review of the ADF 11 we expect to see significant results. Some examples:

- The decentralization of the AfDB should be well underway. The country offices should be fully staffed with increased delegation of authority and resources. - The AfDB country offices should be able to participate in policy dialogue with a strong and competent voice. - Moreover, selectivity should have taken root in the approval of new operations. - In order to improve monitoring and evaluation, baseline data in country strategy papers and project papers should be much improved. - The disbursement ratio should be significantly increased.

Mr. Chairman,

593. The AfDB is a regional bank and regional members naturally should have a strong voice throughout this institution. At present, the regional voice is too weak in the ADF. Consequently, Sweden support increasing the regional member countries’ voting power in the ADF board.

594. Mr. President, with these words I wish you and your staff every success in carrying out your important work to fight poverty in Africa.

Thank you.

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STATEMENT BY GOVERNOR FOR BOTSWANA

Hon. SAMSON GUMA

Mr. Chairman of the Board of Governors, President of the African Development Bank, Dr. Donald Kaberuka Governors, Distinguished Guests, Ladies and Gentlemen

595. Let me start by joining previous speakers in thanking the Government and the People of Mozambique for the hospitality they have extended to me and my delegation.

596. Mr. Chairman, Governors, Excellencies, Ladies and Gentlemen, I am honoured to be given the opportunity to address this AfDB Annual Meetings organized under the theme: “Fostering Shared Growth: Urbanization, Inequality and Poverty in Africa”. This theme is relevant to Africa’s development challenges.

597. In dedicating this Annual Meetings to growth and poverty, Africa affirms her conviction that eradication of poverty and related forms of human deprivation should be Africa’s priority development issue. Although Africa’s development prospects have improved, with recent growth performance having exceeded five (5) per cent on the basis of macroeconomic reforms and improvement in investment climate, poverty still remains a challenge. The human and other development indicators of the continent remain among the lowest in the world with the result that we are unlikely to meet most of the Millennium Development Goals (MDGs). This therefore calls for urgent attention to ensure that we meet the MDGs targets by 2015. Given the years left to reach 2015, Africa needs to grow more than the target of eight (8) per cent at the time when the UN MDGs Declaration was made in 2000.

598. Botswana shares the conviction that poverty is a priority development challenge for the continent. We made this commitment in our Vision 2016, and through our endorsement of the Millennium Development Goals. We have concretized this determination by adopting a National Strategy for Poverty Reduction 2003. Whilst our National Vision outlines the aspirations of the nation and guides our strategic thinking and planning, the National Strategy for Poverty Reduction provides the policy and implementation framework for the improved design, implementation and monitoring of pro-poor policies, programmes and institutions.

599. Upon taking office, President Khama elevated Botswana’s commitment to eradicating poverty to a higher level by making “human dignity” one of the central principles of his government.

600. Mr. Chairman, Governors, Excellencies, Ladies and Gentlemen, the Government of Botswana believes that eradicating poverty can be achieved through growing the economy and creating employment opportunities for the population. Growing the economy and creating job opportunities will require more than the Government itself. Other stakeholders, in particular, the private sector, civil society, Non Governmental Organizations, etc. play their part in this regard. As Government, we believe we should play a catalytic role by

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providing an enabling environment for these other stakeholders in development to play their roles effectively, individually and in synergy with each other. We recognize political and economic stability, democracy, good leadership, requisite policy framework, development of human capital, provision of health facilities, legislative and institutional infrastructure as critical components to support these efforts.

601. Mr. Chairman, while growth is a pre-requisite and necessary condition for alleviating poverty, it is not a sufficient condition. It is necessary to have shared growth. Promoting shared growth, in which the poor contribute to and benefit from economic growth requires policies that will stimulate and sustain growth as well as accelerate poverty reduction. There is a general consensus that economic growth is necessary for sustained poverty reduction although the effectiveness of growth in reducing poverty has varied across countries. A growing economy creates more jobs and better jobs, and poor households benefit from this growth when they have jobs that offer rapidly rising earnings.

602. Botswana has had rapid economic growth over the years since independence in 1966 leading to the country being classified as a Middle Income Country (MIC). Although Botswana has achieved high economic growth rates over the years, the challenges of poverty, unemployment and inequality still remain. This is attributable to the economy being driven by the mining sector and in particular diamond mining which is capital intensive and creates less jobs. It is for this reason that the policy thrust for Botswana is diversification of the economy to have other sectors contributing to growth coupled with private sector development. The government reinvests the proceeds from the mining sector in infrastructure such as roads, telecommunications, water reticulation, health facilities, schools, etc. as way of providing that enabling environment for other stakeholders to unleash their efforts.

603. Mr. Chairman, Botswana believes that shared growth could be achieved through investing the proceeds from the natural resources in critical infrastructure to assist in the creation of jobs as well as investing in social services such as health, education, water, etc. Diversification and employment creation are the long term and corner stone of alleviating poverty and hence our objective emphasizes these. However, the Government of Botswana provides safety nets to assist the poorest of the poor, which include among others, the following; old age pension, destitute allowances, assistance to the orphans, access to free education and health facilities, provision of water to all, just to mention a few.

604. Mr. Chairman, let me now touch on the issue of the Middle Income Countries (MICs) which have been weaned off from the ADF window of softer terms by the Bank and the Multilateral Finance Institutions. I would like to thank the Bank for the assistance they give the MICs under the Middle Income Countries Trust Fund. Botswana has benefited from this assistance for six projects namely, Agricultural Sector Review Study, Capacity Building for the Ministry of Agriculture, Capacity Building to the Ministry of Local Government, Kazungula Bridge Design Studies, Directors Institute Corporate Governance Code, and Fast Tracking Vision 2016. While I acknowledge the assistance from the Bank in this regard, I wish to note that the MICs still have challenges of fighting pockets of poverty and access to services. We still need the Bank to come up with innovative support to the MICs in fighting the remaining challenges. We request the Bank to enhance the use of country systems where appropriate and to make further progress in simplifying and reducing non financial costs of doing business. We anxiously await the strategies the Bank will employ to assist in this regard.

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605. Mr. Chairman, let me conclude by reiterating that poverty is the worst evil of our times and there is therefore need for long term and sustainable sound socio economic policies and programmes. There is need for policies that ensure that our economies achieve a broad based and sustainable growth.

Thank you.

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STATEMENT BY TEMPORARY GOVERNOR FOR ALGERIA

Mr. BOUTABBA MILOUD

606. Allow me, on behalf of the Government of Algeria and the delegation with me, to express my gratitude to the people and Government of Mozambique as well as the authorities of the City of Maputo for the warm reception and excellent arrangements made to enable our meeting to hold under the best conditions.

607. Our meeting is taking place within a highly agitated world economic context much unlike previous years, a context that will have major repercussions on our economies in the near future vis-à-vis improvement of the key parameters. This turbulence notwithstanding, our economies have resisted well, thanks to better macro-economic management, improved governance and, above all, the success of institutional reforms undertaken which, for several of our countries, have produced solid sustainable impacts. It is with great pleasure that I have noted – as you too have – the net improvement of our continent’s latest growth figures and other development indicators. Indeed, Africa’s growth rate in 2007 reached 6.2%; I am the happier especially since the growth rate for sub-Saharan Africa for the same year stood at 6.8% - one of the highest in several decades.

608. However, we should remain vigilant because these achievements may not only prove inadequate in the face of several challenges that our countries must overcome, but also in view of current events that could have negative repercussions on our economies.

609. It is also true our countries have never had as many favorable factors as they have during this period. The launching of NEPAD, the increasing FDI, debt reduction through the implementation of the enhanced HIPC, the MDRI and several other initiatives have enabled these countries to devote more resources to development.

610. All signals already point to pessimism with regard to export prospects and the prices of basic products.

611. Furthermore, international organizations and some of our member countries have sounded the alarm over the serious consequences of the rising cost of food products, to which we cannot remain indifferent. The FAO has clearly stated that of the 36 countries affected by a relative food security crisis, 21 are in Africa. That is huge. We have also been told that 300 million inhabitants of these poor countries are threatened by the food crisis.

612. Our partners have a responsibility towards this continent and must, in addition to public development aid, increase their assistance to enable it to face the repercussions already anticipated. Our Institution must also respond vigorously and urgently to this serious crisis.

613. Furthermore, it is worth noting that the commitments taken by the G8 in Gleneagles to double assistance to Africa by 2010 seem to us increasingly hard to fulfill.

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Mr. President, Ladies and Gentlemen,

614. There is no doubting the fact that our Institution has contributed strongly in its capacity as Africa’s leading Development Finance Institution. However, much remains to be done if we must respond rapidly and appropriately to demands. We must have considerable resources to meet such demands. I am happy that the ADF-XI replenishment was such an unqualified success. That feat is proof that our partners have confidence in us and believe in our Institution. However, it is also incumbent on us to deliver.

615. Furthermore, I am convinced that the desire of other non-regional countries to join our Institution is not only due to the excellent image that we project, but also to the excellent financial results that we present. We have a solid bank capable of resisting exogenous shocks, especially in an environment such as ours.

616. Our equity level seems adequate. Actually, if we must increase our operations, it is desirable that the level be increased.

Mr. President,

617. I would like to present my sincere thanks to the eminent personalities, especially the co-chairs of the panel – President Joachim Chissano and Prime Minister Paul Martin – for the excellent report produced and, above all, the declared optimism with regard to our continent’s development prospects.

618. We share your views and embrace several recommendations that you made. It is now urgent that the Bank re-define its vision and formulate an ambitious long-term strategy to match the legitimate aspirations of our people for decent and better life.

619. At this juncture, kindly permit me to share with you a few modest suggestions on areas of reflection that Bank Management could consider in future:

1. Strengthen regional integration to allow, among other things, for the harmonization of rules and procedures in all sub-regional groups, thus leading to the establishment of larger economic spaces capable, in turn, of making the best of globalization;

2. Promotion of South-South cooperation to tap into the domino effect generated by such emerging economies as China and India;

3. Speed up decentralization so as to more closely address the concerns of our regional member countries, with real transfer of authority to enable rapid decision-making, while strengthening à priori and à posteriori control systems;

4. The development of the private sector should also be our Bank’s priority, even as it preserves two essential factors – impact on development and leverage effect;

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5. Boost and strengthen our operations in the field of agriculture which, in our view, should go beyond infrastructure – important, it is true – and include the area of knowledge and technology. We should also be more involved in the debate concerning subsidies and market access.

6. Moreover, it is our view that the New Partnership for Africa’s Development (NEPAD) should be strengthened and receive further support from our Institution not only in order to preserve its credibility but also the credibility of the only consistent African poverty control initiative.

7. Special attention should be given to middle income countries, with a view to better diversification of our products which should be adapted to such countries not only in terms of competitiveness but also rapidity of reaction to requests made.

8. Synergy should be sought and encouraged with specialized regional and international institutions that share the objectives of poverty control and development in Africa.

Mr. President, Ladies and Gentlemen,

620. I would like to use this platform to congratulate Turkey for joining the Bank, on the one hand and, on the other, the Bank President, Management and staff for the excellent work accomplished. I encourage them to redouble their efforts with a view to meeting several future challenges.

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STATEMENT BY TEMPORARY GOVERNOR FOR SPAIN

LUIS ORGAZ

Mr. Chairman, President Kaberuka, Fellow Governors, Ladies and Gentlemen,

621. Let me first of all on behalf of the Government of Spain express my most sincere gratitude to the Government of Mozambique for the efficient organization of this Annual Meeting and to the people of Maputo for their great hospitality and warm welcome.

622. Mr. Chairman, given the huge and very complex development challenges the continent is facing, Africa has continued to attract in 2007 a renewed international attention. Africa´s average economic growth continued to be buoyant last year, thanks to favorable external conditions and domestic economic policy improvements, marking the longest period of economic expansion for two decades. However the fact is that despite recent successes in terms of economic growth, reduced conflict, expanded political liberalization and substantial improvements in governance, the African continent still suffers from the deepest levels of poverty. Economic growth in Africa has been uneven, has not yet translated into meaningful social development and has not sufficiently benefited vulnerable groups, in particular in low- income and fragile states.

623. We still see how sudden and unforeseen shocks, like the present food crisis, endanger the life of millions of persons in Africa. In this regard we welcome the quick reaction launched by the Bank to address this critical situation, including the enhancement of its agricultural portfolio and the provision of additional budget support when needed and feasible.

624. Indeed to reduce poverty and reach the Millennium Development Goals Africa requires not only economic growth and substantial reforms but also massive investments in social and productive sectors. For that purpose the need for new financing resources appears as something compelling and urgent. There is also a strong mandate for the donor community and the recipient countries for using all the development resources available in the most efficient way.

625. According with this general mandate, we praise the important progress the Bank has made on different areas, especially those related to institutional reforms, strategic planning or harmonization and alignment frameworks at different levels.

626. On the institutional reforms area, we recognize the Bank´s success in its current transition to the new organizational structure and the progress achieved in terms of an increasing presence in Regional Member Countries. Nevertheless, additional efforts are needed to implement new initiatives of the reform agenda, including complementary changes in Human Resources management, budget and business processes and empowering of field offices. In any case the new strategic framework for Human Resources has proved to be a

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good mechanism for achieving a higher level of diversity in the recent recruitment process and to attract nationals of under-represented countries.

627. On strategic planning, and following the Report from the High Level Panel, a new Strategic Plan, fully owned by the Bank’s shareholders, management and staff, appears as a compelling issue.

628. We welcome also the steps already taken along 2007 for making fully operational the new framework for technical cooperation funds since we are convinced that these reforms will open new windows for development financing through the introduction of a higher level of flexibility, the reduction of transaction costs and the achievement of increased competitiveness.

629. Mr. President, in this particular context, let me assure you that our country is fully committed to making a significant contribution to Africa’s development and to constructively helping the ADB in this common endeavor.

630. We have to commend the institution for the outcome in the last replenishment for African Development Fund in which the importance of focusing on results was most emphasized. We are glad to recall that Spanish contribution to ADF-XI has been increased to 3%, compared to 2.2% in ADF-X as a clear sign of commitment to the institution and the importance we attach to the ADF as a means to achieve poverty reduction in Africa.

631. As part of our collaboration scheme with the Bank and as another clear sign of our firm commitment with this institution, Spain has already initiated the discussions for our participation in some of the new thematic Trust Funds established under the last reformed framework. I am pleased to announce that the Spanish government has started the procedures for its participation in the African Water Facility with a total contribution of 12 million euros for 2008-2010.

632. Let me add that Spain has also maintained a positive and constructive attitude with regard to the different debt relief multilateral efforts, namely the HIPC and MDRI Initiatives, and has backed and actively participated in the European Union partnerships with Africa. Besides, Spain also maintains its commitment to bilateral debt relief agreements.

633. Mr. Chairman, it is clear to us that Africa has to lead its own development process and in this context the role of the African Development Bank is increasingly critical to back the efforts of its regional member countries.

634. In this respect, I would like to reiterate our full support to President Kaberuka and his team in their current efforts to complete an efficient implementation of the Bank´s Institutional Reform. We sincerely believe that the Bank is on the right track to play its role as the high performing, results-focused, efficient and effective knowledge institution Africa needs.

Thank you.

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STATEMENT BY EGYPTIAN DELEGATION

Mr. MAHMMOUD ABDEL AZIZ

Mr. Chairperson of the Board of Governors, Mr. Donald Kaberuka, President of the African Development Bank Group, Honorable Governors, Distinguished Members, Ladies and Gentlemen,

635. It is my pleasure and honor to address this distinguished gathering at the Annual Meetings of the African Development Bank Group. I would like to extend my deepest gratitude and appreciation for the people and Government of Mozambique for hosting these important meetings. I am really much obliged for the hospitality and cordial reception we have felt since the moment of our arrival at this lovely City.

Ladies and Gentlemen,

636. The world has been inflicted, since last year, with a broad financial turbulence. Today, the global economy is slowing down, oil prices have risen to record-high levels, and food import bills are swelling. Moreover, poverty reduction efforts are seriously threatened worldwide.

637. Unfortunately, this market turmoil has, to date, had an impact on Africa, even Economic growth in the continent grew by 6.1% in 2007 and is expected to accelerate, to 6.5% in 2008. However, the less favorable external environment, and the violence in some parts of Africa pose serious challenges to the development, and poverty alleviation in the Continent.

638. In fact, Africa doesn’t need only a higher percentage of growth but also a growth that is sustained over time and broadly shared. Yet, realization of a pro-poor growth is the responsibility of the Government, and private sector, backed up by international community support. It is a country-specific policy that should be tailored by each country’s policy makers.

Honorable Guests,

639. Faster growth is associated with higher trends of urbanization and Africa is the world’s fastest urbanizing region. According to the United Nations, Africa’s population will reach 1.5 billion by 2030. More than half of its population will be under the age of 25, and the majority of people will live in urban areas.

640. Only strong economic growth can create jobs for the millions of new workers each year. Only good educational opportunities will produce a young workforce with suitable technical and managerial skills.

641. In this regard, governments should place, on top of their shared growth agenda, the need to upgrade urban slums. This should not only include basic services: clean water

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supply and adequate sewage disposal. But it should also contain reproductive health, environmental improvement, child labor and gender equality.

Dear Colleagues,

642. Economic Growth in Egypt has picked up steadily since it launched its bold reforms in 2004. it posted an impressive acceleration of growth, reaching 7 percent in 2006/2007, and is expected to continue to grow at 7-8 percent in 2008. Supported by strong investor confidence, growth has become more broad-based, creating record numbers of jobs. Consequently, unemployment dropped from 10.5 percent to 9 percent.

643. Egypt has demonstrated a continuing commitment to economic reform. We have succeeded in changing the business environment to facilitate investment, by reducing tax burdens and customs, and by providing clear and stable investment policies.

644. Egypt has, remarkably, schooled the rising numbers of population and even increased enrolment rates to around 86 percent and managed to reduce gender disparities. By 2010, medical insurance will be provided to all Egyptians and the state shall bear the whole costs for the poor. Public Private Partnerships (PPP) is encouraged and a PPP unit was created in 2005 to involve the private sector in various types of public infrastructure.

Honorable Members,

645. We have established clear and transparent monetary policy, and increased foreign reserve to record levels. Egypt’s banking reform is moving ahead steadily to strengthen the soundness of the banking system, and enhance its competitiveness. This has, of course, been reflected on improving access to finance by the private sector, and small and medium enterprises.

646. In this regard, the African Development Bank has provided a loan of US$ 500 million, in support of Egypt’s financial and banking reform program. In this context, a big state-bank was privatized and the other is about to be finished, bringing the market share of state banks in Egypt, down from about 70% to 40%. I would like to seize this chance and express my gratitude and appreciation for the Bank’s support.

Ladies and Gentlemen,

647. The African Development Bank is no doubt exerting all efforts to achieve his mission of poverty reduction and development through growth and economic integration. Egypt strongly supports its leadership, and appreciates its contribution towards achieving its mission. We strongly believe in its ability to address the full range of Africa’s challenges. I thank the Management of the Bank for mid-term strategy to support middle income countries by increasing the role of trust fund which needs flexibility in allocating its resources.

648. In conclusion, I would like also to express my deep appreciation and thanks to Mr. Donald Kaberuka for his wise management and undeniable impact on the Bank’s operations. I would like also to especially thank the Bank Group’s Board of Directors and its staff for their great efforts and the results they have achieved. I wish them all luck and more success.

Thank you for your attention.

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STATEMENT BY GOVERNOR FOR SAUDI ARABIA

Mr. AL-BASSAM YOUSSEF

In the name of God, the Beneficiary, the Merciful

Honorable Chairperson of the Board of Governors, Excellencies, Ladies and Gentlemen

649. Allow me to start by expressing my heartfelt gratitude and appreciation to the government of the Republic of Mozambique for hosting these Annual Meetings and for the warm welcome and generous hospitality that was extended to us by both the government and the people of Mozambique, as well as for all the facilities put at our disposal to ensure the success of our meetings.

650. Let me also hail the African Development Bank Group for playing an important role in its focus on the welfare of the people of Africa and its effectiveness in fostering development efforts throughout the continent in spite of serious challenges facing it along the way, which contributed to shaping it to be a vigorous development institution, respected for its expertise.

Honorable Chairperson,

651. Relevant issues and initiatives have been brought forward to improve the Bank’s performance throughout the course of its efforts to reduce poverty and I commend the Bank for what it has achieved. Nevertheless, these efforts must be organized through innovative methods aiming to bring them more closer in line with priorities, this will better position the Bank to be a premier development partner as well as a research catalyst, a status entailing new skills qualified to tackle any new challenges. On the country level, African led strategies and adaptation to specific country needs and capacities are key concepts needed for success in maintaining the principle of ownership and achieving sustainable development. Whereas, in the case of the Bank as a development institution, a solid financial stance, a proper range of financial products and processes with reliance on a system that includes adequate performance yardsticks and close monitoring and evaluation are equally important for results to materialize. Also, flexible, timely, and consistent assistance which enhances the efficient utilization of resources should be in harmony with country specific needs. Hence, for the ADB, the general objective should lie in striking the right balance between an optimal level of activities and the prominence of a strong message of dedication and concentrated efforts towards prioritized development purposes determined by African countries.

Honorable Chairperson,

652. As every one is aware, the world is currently witnessing a sharp increase in food prices. Moreover, the situation of continuity in the food crisis and the threat it imposes is widely discussed.

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653. Regardless of its causes and the apparent imbalances in supply and demand of food, accompanied by the emergence of new methods in utilizing certain types of food harvest, we believe that this crisis presents as mentioned by His Excellency, the President of Republic of Mozambique, a good opportunity to the African continent to play an important role in contributing to put the crisis to an end by improving its regulatory framework and directing it towards attracting foreign investment targeting the agricultural sector and its infrastructure.

654. In this context, we find it appropriate to urge the ADB Group to play a larger role in assisting African countries in this domain.

Honorable Chairperson, Distinguished Delegates,

655. The Kingdom in its overall assistance efforts attaches great importance to LDCs, inspired by its belief in lending a helping hand to the less fortunate. Concurrently, where the ADB Group is concerned, the Kingdom of Saudi Arabia continues to back the African Development Fund (ADF). The Kingdom’s total contribution to the Fund’s resources up to the tenth replenishment, has come up to some USD 282 million.

656. I would like to take this opportunity to congratulate both the ADB Group and donors on the unprecedented success achieved recently through the historical level of support for the (ADF-11) replenishment, the largest replenishment since ADF’s inception which reflects an increase of 52% on average over the 10th replenishment. On that note, its gives me great pleasure on this occasion to announce Saudi Arabia’s pledge to the (ADF-11) replenishment of USD 25 million.

Honorable Chairperson, Distinguished Delegates,

657. When highlighting assistance to Africa, we find it appropriate to underscore that Saudi Arabia and the ADB Group enjoy a long standing excellent relationship stemming from Saudi Arabia’s efforts directed to support development in Africa, moreover; African countries constitute the majority of those benefiting from the assistance provided by the Kingdom of Saudi Arabia, especially assistance extended through the SFD. The cumulative amount of assistance of the Kingdom through SFD to Africa since its inception in 1974 up till the end of 2007 amounts to more than USD 4 billion, benefiting 41 African countries.

Honorable Chairperson,

658. In essence, accomplishments realized by Saudi Arabia in the domain of collective efforts towards development support in general is a product of what it was able to achieve regarding levels of the ratio official assistance to Gross Domestic Product (GDP) set by the UN, as Saudi Arabia maintained an average of about 4% for the past three decades.

659. In the area of combating poverty specifically, the Kingdom of Saudi Arabia supported all efforts directed towards this issue, the Kingdom’s support to the Solidarity Fund managed by the Islamic Development Bank with a capital of USD 10 billion is considered one of the most prominent actions of support taken in this area, as Saudi Arabia’s contribution to the Fund amounted to USD 1 billion, benefiting IDB’s poor member countries most of which are

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in Africa. We hope that these actions will add value to the efforts made to attain the millennium goals in poverty reduction.

660. The Kingdom of Saudi Arabia through its belief in the importance of making clean energy available to developing countries and reducing the environmental implications of energy utilization has followed a path of supporting all efforts made to improve energy utilization and prevention of its negative impacts on the environment. In that context, Saudi Arabia has contributed the amount of USD 300 million to a program that funds scholarly research relating to energy, the environment, and climate change. This has been announced at the 3rd OPEC Summit held in Riyadh November 2007.

661. Finally, I would like to welcome the Republic of Turkey as a member of the ADB Group, and once again, thank the Authorities of Mozambique for hosting this meeting and wish you all success and prosperity.

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STATEMENT BY ALTERNATE GOVERNOR FOR REPUBLIC OF KOREA

Mr. TAE-SIK YOON

Honorable Chairman, Fellow Governors, Distinguished Guests

662. It is my great pleasure to join you at the 2008 Annual Meeting of the ADB in Africa, “the Continent of Hope”.

663. Let me first take this opportunity to applaud the dedicated efforts of the President and the Bank Staff to support continued development of Africa.

664. I also thank the Government of Mozambique and the people of Maputo for their warm hospitality and excellent arrangements of this meeting.

Distinguished Guests,

665. For the past few years, Africa has demonstrated remarkable economic development, making global community recognize its enormous growth potential once again. And I think we can call the last few years the “Years of Africa”.

666. However, there are also a number of challenges ahead. Globally, we are facing risks such as slowdown of the world economy, rising food and energy prices and increasing global imbalances.

667. Within this region, Africa is experiencing a chronic shortage of infrastructure while facing an urgent need to reduce poverty.

668. These challenges highlight the important need for close economic and financial cooperation among ADB members.

669. During the past years, the Bank has been implementing an important reform agenda under the President’s strong leadership such as the reorganization of the Bank and human resources reforms.

670. The Korean government fully supports the on-going reform initiatives of the ADB and looks forward to their successful implementation.

Mr. Chairman,

Let me briefly comment on future directions and priorities of the Bank.

671. Firstly, I would like to see a stronger focus on investment in infrastructure, where we are already observing noteworthy performance of the Bank.

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672. As demonstrated by Korea’s development experience, broadening the industrial production base and enhancing support for infrastructure is a key to achieving higher growth and reducing poverty. In particular, more resources of the Bank need to be allocated to building IT infrastructure as well as traditional infrastructure such as roads and ports.

673. In this regard, I am confident Korea can play a leading role, based on our extensive know-how, experience and expertise in IT sector.

674. Secondly, when operating in low-income developing countries, the Bank should place higher priority on increasing agricultural productivity. This will be critical to overcoming the problem of soaring food prices and ultimately, reducing poverty.

Fellow Governors,

675. Korea has continued to strengthen cooperation with ADB and African countries since joining the Bank. Looking ahead, we are fully committed to solidifying the cooperation ties with African countries.

676. In this regard, it is quite encouraging to see that the first Ministerial Conference for Korea-Africa Economic Cooperation, called “KOAFEC” was successfully launched in 2006.

677. Following the Ministerial Conference, 16 projects totaling 800 million dollars have been implemented under the KOAFEC Action Plan focusing sharing Korea’s development experience, building infrastructure and developing Information and Communication Technology.

678. Building upon such achievements and expectations for further cooperation, the second KOAFEC Ministerial Meeting will be held in Seoul this October, more specifically last week of October.

679. This meeting will be a great venue for Korea and African countries to explore new cooperation projects in IT, energy and knowledge sharing.

680. I look forward to seeing many African Ministers in Seoul this October, the most beautiful season of Korea and hope that the KOAFEC develop into a major economic cooperation channel between Africa and Korea.

681. Furthermore, Korean government plans to expand our support for the Bank’s projects in the form of co-financing. This will greatly contribute to tackling the shortage of infrastructure.

682. Before closing, I am glad to take this opportunity to talk about our new administration’s economic philosophy. “MBnomics” taking the initials of our new President Myung-Bak Lee.

“Business-Friendly” is a key word that best summarize the spirit of “MBnomics”.

To make “Business-Friendly” Environment, we will focus on:

i) conducting drastic deregulation;

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ii) cutting tax rates; iii) upgrading domestic financial regulations in line with global standards, and iv) establishing labor-management relations based on rule and law.

Mr. Chairman,

683. ADB has been a key contributor to the economic development of African countries. And I express my most sincere appreciation for the important role it has played since its founding.

684. I hope the Bank will always remain a trusted development partner, so that more development countries in the region can bear the fruits of growth in the years ahead.

Thank you.

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STATEMENT BY GOVERNOR FOR JAPAN

Mr. YAMASAKI TATSUO

Introduction

Mr. Chairman, Mr. President, Distinguished Governors, Ladies and gentlemen

685. I would like to express my heartfelt gratitude to the Government of the Republic of Mozambique as the host country and to the people of Maputo for their warm hospitality on the holding of the 43rd Annual Meeting of the African Development Bank (ADB) and the 34th Annual Meeting of the African Development Fund (ADF). One might think that Japan is not only far from Mozambique geographically, but also has little relationship with Mozambique historically. However, historical records show that in 1586 a Japanese delegation visited Mozambique for the first time. More than 400 years have passed since then, and relations between Mozambique and Japan have become strong. A symbol of such relations is the Mozal aluminum smelter here in Maputo, the development of which a Japanese company and the Japan Bank for International Cooperation (JBIC) have contributed to. The aluminum smelting has grown into a key industry for the country, comprising 60% of the goods currently exported by Mozambique.

686. At the outset, I would like to offer my congratulations on the successful conclusion of the agreement for the ADF 11 replenishment. Japan will contribute 47.5 billion yen, a 30% increase from the previous replenishment. I am pleased to be able to report to you today that the Japanese Diet approved and enacted the budget for this at the end of March of this year. We are entering a crucial stage towards achieving the Millennium Development Goals (MDGs) in Africa, and the ADB Group should play a central role in this international effort.

687. I am also glad to report that Japan has fulfilled its commitment to double its official development assistance (ODA) to Africa over three years, which Japan announced at the Gleneagles Summit in 2005. The disbursements of Japanese ODA to Africa in 2007 (1.71 billion dollars) came to just over double the disbursements in 2003 (840 million dollars).

Africa’s Recent Status and Challenges

(Growth Strategies for Africa)

688. In Africa, for the past decade, the economies of seven resource-rich countries have grown at an annual average rate of 9 percent, buoyed by commodity prices, including oil. Some 20 countries, on the other hand, have faced various difficulties including conflicts, and have been stagnating at a growth rate of around 2 percent. It is therefore very difficult to accomplish Goal 1 of the MDGs, which is to halve the proportion of people living in extreme poverty from the 1990 level by the year 2015. In order to achieve this goal, we must focus on countries where economic growth remains low and promote their economic development.

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689. To reduce poverty, private sector-led economic growth is essential, supported by improvements in investment climate, including development of infrastructure.

690. Speaking from the development experience of various Asian countries, including Japan, infrastructure development such as construction of roads, ports, and power plants is an essential basis for economic growth. There are many landlocked countries in Africa whose access to world markets is limited. For such countries, it is difficult to accelerate economic growth through trade and investment. Therefore, I welcome the fact that the importance of cross-border infrastructure developments has been emphasized in the negotiations for the ADF 11 replenishment and that 17.5% of the net total of the funds from this replenishment will be allocated to regional operations in order to promote them. In addition, I appreciate the fact that the Fragile State Facility (FSF) was established for which 7.5% of the funds for the period of the ADF 11 replenishment were allocated in order to support economic growth in fragile states.

691. It is the private sector that drives economic growth. Private sector-led economic growth must be facilitated through establishing climate that is friendly to trade and investment; the strengthening of the financial sector; and support for micro, small, and medium-sized companies. From this standpoint, Japan launched the Enhanced Private Sector Assistance for Africa (EPSA for Africa) initiative with the ADB in 2005 and has been providing support for private sector development in Africa by making concessional financial resources available through co-financing with the ADB or as two-step loans through the ADB. I am pleased to see that, at present, loan projects and technical cooperation projects are being actively implemented under this initiative and that 5 sovereign guaranteed loans totaling US$164 million, 2 non-sovereign guaranteed loans of US$100 million and 12 technical cooperation projects totaling US$10.4 million are being formulated. In this regard, I welcome the resolution that has just been adopted regarding the ADB’s 2007 net income allocation, which includes the transfer of 5 million UA to the Fund for African Private-Sector Assistance (FAPA), the technical cooperation component of EPSA, and expect that the transfer will help FAPA develop into a multi-donor fund.

692. Furthermore, in Africa, an inclusive growth strategy must address the issue of agricultural and rural development. In Sub-Saharan Africa, where farmers make up 65% of the overall workforce, public investment in agriculture accounts for only 4% of total public expenditures, and irrigated land accounts for only 5% of the cultivated area. Medium-term and long-term action is essential to increase food production, to raise productivity and to improve the distribution system. From such a perspective, I welcome the fact that the ADB is striving to contribute to agricultural and rural development in Africa through measures such as improvement of the infrastructure in rural areas and strengthening water resources management. In its capacity as a country with a high level of technology and considerable experience with respect to rice cropping, Japan will work hard to increase rice production in Africa by further disseminating New Rice for Africa (NERICA) for upland rice, developing varieties of lowland rice for wetland cultivation and improving irrigation facilities through the Japan International Cooperation Agency (JICA).

693. On a related issue, I would like to comment on the recent rise in food prices around the world. For the poor, food consumption accounts for a very high proportion of their total expenditures. We must therefore carefully monitor how higher food prices will affect them. Higher food prices may cause social instability. In this sense, the United Nations system should play a central role in proactively supporting the emergency measures that are needed

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immediately. In this regard, based upon an emergency appeal issued by the World Food Programme (WFP), Japan last month announced its intention to provide food aid worth about US$100 million over three months as an emergency measure. As medium- and long-term measures, Japan will provide assistance such as increasing rice production as already mentioned to strengthening the agricultural sector in cooperation with international financial institutions.

(Environmental and Climate Change Issues)

694. Africa is one of the regions that are most vulnerable to the impacts of climate change. It is crucial to support measures taken by African countries to cope with climate change. In this respect, I welcome that the ADB is moving forward with its work to formulate strategies and action plans within the year for the adaptation and promotion of the use of clean energy.

695. Japan will host the Hokkaido Toyako G8 Summit this July and climate change will be one of its major topics. Japan is working towards establishing a framework in which all major emitting countries can take part and that sets fair targets. We have also announced the setting up of a new financing mechanism, the Cool Earth Partnership, with a contribution in the order of US$10 billion to help developing countries to adapt to the serious effects of climate change. Furthermore, Japan is working with the United States, the United Kingdom, and the Multilateral Development Banks (MDBs) to establish a new multilateral fund to support measures taken by developing countries with respect to climate change issues, and is calling for the participation of other donors.

(Health in Africa)

696. Without human security the poor cannot benefit from economic growth. People must be free from the fear of death and able to enjoy a healthy life. However, In Sub-Saharan Africa, one out of every six children dies before turning five. The maternal mortality rate is 200 times higher than that of developed countries. Despite this situation, only 3% of the global health workforce is working in the region.

697. Providing intensive preventive care in specific areas is the most effective means of avoiding epidemics of highly infectious diseases such as polio and tuberculosis. Governments must maintain effective health care systems and retain an adequate quantity and quality of health workers at the community level. At the global health summit held in Japan in February this year, we highlighted the importance of promoting the improvement of health systems as well as the approach to fighting specific diseases, which is the mainstream of health sector assistance these days. It was also recognized that a strong commitment from governments and capacity building within communities will be particularly important.

698. Delivering results in the health sector is not an easy task. The health workforce requires special skills and experience. The logistics of delivering health services are also complicated. A wide range of infrastructure elements, including clean facilities, water, electricity, roads and means of transport are needed. These factors call for a multi-sectoral approach.

699. Furthermore, Japan newly made an additional contribution of around US$184 million in February of this year to the Global Fund to Fight AIDS, Tuberculosis and Malaria, which brings Japan’s cumulative total contribution to US$850 million. As this demonstrates, Japan is continuously and actively taking initiatives to support the health sector.

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Japan’s Support for Africa

700. Japan will hold the Fourth Tokyo International Conference on Africa’s Development (TICAD-IV) from the 28th to the 30th of this month in Yokohama. Japan held the First Tokyo International Conference on African Development (TICAD-I) in 1993. Since then, TICAD has been held every five years, with this year’s conference marking the fourth such event. This year TICAD will gather together everyone playing an important role in African development, such as representatives like President Kaberuka, from African countries, international organizations, and regional organizations to discuss the future of African development. The three issues of (i) accelerating growth through the promotion of trade and investment, as well as improving the infrastructure and agricultural and rural development, (ii) establishing human security to protect people from threats to their lives, livelihoods, and dignity through such measures as strengthening the health system and supporting democratization, (iii) removing obstacles to growth by supporting African countries to tackle climate change issues, especially through adaptation, are scheduled to be taken up and discussed at TICAD-IV.

701. It is my expectation that TICAD-IV and the G8 Hokkaido Toyako Summit will provide good opportunities for further economic growth in Africa, for the establishment of human security such as the improvement of health conditions, and for the strengthening of measures to tackle environmental problems and climate change.

Conclusion

702. Comprising more than 20% of the world’s surface, Africa is endowed with abundant natural resources and possesses a latent wealth of human resources: Africa has the potential for enormous growth in the future. It is anticipated that Africa will continue to grow by overcoming its numerous difficulties, which include achieving the MDGs and combating poverty, through the strengthening of its self-help efforts and increased ADB support. Japan will continue to make further efforts as a steady partner for the sake of the economic growth and sustainable development of African countries into the future.

Thank you very much for your kind attention.

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STATEMENT BY TEMPORARY GOVERNOR FOR ITALY

Mrs. LUDOVICA SODERINI

Mr. Chairman, Mr. President, Ladies and Gentlemen

703. I am honoured to address this assembly on behalf of the Italian Government. We are grateful to the Government of Mozambique and the city of Maputo for their warm hospitality. My sincere thanks also go to the Bank’s Management and Staff for the excellent organization of this event.

704. This year marks the midpoint between the setting of the Millennium Development Goals and their deadline. On April 8, the World Bank and the IMF released the joint ‘Global Monitoring Report 2008”, which charts progress being made globally towards attaining the eight UN MDGs.

705. It shows a clear, urgent need to accelerate progress and make it more inclusive, reaching million of people still left behind. In most developing countries, many of the MDGs targets are unlikely to be met by 2015. The majority of these countries are in Sub-Saharan Africa.

706. Even if the African Region has witnessed a very encouraging economic growth, with 18 countries reporting a 5.5 per cent annual growth over the past 10 years, many other countries have remained trapped in low growth, with an increase in the incidence of extreme poverty.

707. The food prices surge, which is of great concern to us all at present, only adds to the challenge. It has made more dramatic the issue of malnutrition and indigence, not only for the poorest countries but also for the poorest people in middle-income developing countries.

708. We welcome President Kaberuka’s recent announcement that the Bank Group would add 1 billion dollars to its agriculture portfolio as part of a short-term action to help address the food crisis in regional member countries.

709. We also support the development of rural infrastructure as one of the Bank Group’s priorities to open up the landlocked areas to wider markets, attract great revenue for local farmers and drastically reduce post-harvest losses.

710. Along with the enhancement of rural infrastructure, attention should be directed to policy reforms and to technical solutions to increase areas under cultivation and boost yields. African farming will require serious transformations in order to achieve production growth on the scale needed to achieve food self-sufficiency, and to generate potential surpluses for export. Improved coordination across the IFIs and donors, and greater alignment with national efforts and priorities will be critical.

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711. Support for bio-fuels also impacts on the demand for agricultural commodities. The issue of reconciling agriculture as an instrument for poverty reduction and the growing demand for clean energy need also to be taken in due consideration.

The Bank should play an active role in facing these challenges.

712. The successful conclusion of the ADF 11 negotiation, which will provide additional concessional financing to low income countries, demonstrates the commitment of the International Community to assist Africa in meeting the most difficult challenges and the confidence of the Donor countries in our Institution.

713. The African Development Bank is now well positioned to understand the needs of its regional member countries and provides assistance to Africa: the institutional reforms launched by President Kaberuka since his arrival and the high level of financial resources available have the potential to transform the ADB into a premier Institution in Africa.

Italy supports a Bank with a leadership role in the continent

714. The Report prepared by the High Level Panel proposes a large number of recommendations, providing the Bank a platform to rethink its vision in order to carry out its objectives.

715. We welcome the basic principles which underpin the proposed approach and the recommended flagship areas. Economic and regional integration, lending to private sector, assisting fragile and post-conflict countries and focus on governance issues are essential means to build new opportunities for growth and development.

These are also the core priorities of the ADF 11.

716. Africa suffers from a shortage of infrastructures. There is the need to increase the trans-frontier projects, which have the potential to support regional integration. Such projects, however, should take into account broader economic impacts and wider economies of scale. Part of the ADF 11 resources have been specifically earmarked for such a purpose. Financing infrastructure such as roads, water and sanitation, irrigation and energy will support not only economic development but also human and social development.

717. The needs of fragile and post conflict States represent one of the biggest challenges of our times. The Bank should promote analysis and research to better understand the dynamics of fragility and conflicts. Likewise, it needs to learn how to improve its action in partnership with other stakeholders, including the private sector, and ensure a stronger and more effective field presence.

718. Targeting more selective areas of activities, however, will not be sufficient for the Bank to position itself as the preferred partner for aid delivery in Africa.

719. In order to build a premier institution, one capable of providing high-value financial and knowledge services to help regional member countries to achieve their goals, it is essential to strengthen the operational capacity of the Bank.

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720. Year 2008 should mark the last phase of the reform process. Significant progress has been achieved, but reform implementation in some areas of the Bank is still a “work in progress”. Further improvements in efficiency and effectiveness need to be achieved. If they are to have an effect, changes in organizational structure, business processes, products and services, and skills mix, must be underpinned by a change in culture. For the ADB to succeed in the fight against poverty, it is paramount that transparency, accountability, meritocracy and diversity be strengthened at all organizational levels.

721. The agenda is huge and challenging and Italy is following closely the process of reform and is keen to see results.

722. I would like to conclude reiterating Italy’s strong commitment to Africa and to the African Development Bank and Fund.

723. Last December, Italy, despite its budget constraints, reinforced its commitment, participating in the ADF 11 replenishment with an increase of 30 per cent in Unit of Account, respect the previous replenishment. As a shareholder of this Institution, we will continue to support the policies and the strategies of the Bank. We will do our best to work with you, Mr. President, and with the other shareholders, in order to improve the capacity of the Bank.

Thank you.

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STATEMENT BY TEMPORARY GOVERNOR FOR INDIA

Dr. ANUP K. PUJARI

Mr. Chairman, The Secretary General of AfDB, Excellencies, Ladies and Gentlemen

724. May I start by sincerely thanking our hosts, the Government of Mozambique, for the excellent arrangements they have made for this Annual Meeting. Let me also congratulate and felicitate Turkey on having joined AfDB.

Greetings from India

725. I bring with me the warm greetings from the people of India. Our Finance Minister Mr. P Chidambaram wanted to be present at this 43rd Annual Meeting of the African Development Bank, but could not come. He conveys his best wishes to all of you and commends the progress made by the Bank under the leadership of Dr Kaberuka, ably assisted by the Board of Directors. He also felicitates the Board of African Development Fund for having successfully completing the negotiations for ADF-11 replenishment.

Africa & India

726. To remind you of India’s intimate association with Africa, I can do no better than quote our Prime Minister, Dr. Manmohan Singh. In April 2008, just a month ago, he had said to the participants of India Africa Forum Summit:

“Africa is our Mother Continent. The dynamics of geology may have led our lands to drift apart, but history, culture and the processes of post-colonial development have brought us together once again.

We share a common societal commitment to pluralism, to inclusiveness and to the creation of a world that is fair to all its inhabitants. Our shared vision of the world should enable us to work together on the vital challenges facing humanity. We have coordinated our position in the United Nations and other international forums. No one understands better than India and Africa the imperative need for global institutions to reflect current realities and to build a more equitable global economy and polity.

The time has come to create a new architecture for our engagement in the 21st Century. We visualize a partnership that is anchored in the fundamental principles of equality, mutual respect and mutual benefit. Working together, the two billion people of India and Africa can set an example of fruitful cooperation in the developing world.”

727. India’s development experience holds a mirror the world and especially to our friends in Africa. India has aimed to empower its people by investing in their capabilities and widening their development options. Thus we can share our experience and strengthen

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mutual capabilities by transfer of knowledge and human skills. Such exchanges of knowledge and skill need not be limited to government-to-government interactions. It can be widened to embrace our civil society, academics, artists and writers. Common challenges of food security, energy security, terrorism and climate change are faced by both India and Africa. Therefore, cooperative mechanisms for exchange of views and for working out common strategies for addressing these pressing issues become important. We have been engaged in Africa continuously for a long time and take this opportunity again to offer to share our experience, trials and tribulations in fighting poverty and seeking development goals.

Macroeconomic situation of India

728. India’s GDP growth, driven by domestic demand, remains robust thus far, though it moderated somewhat to 8.4 percent in the third quarter of 2007-08. While inflationary expectations remain contained, headline inflation rose above the projected tolerance level of 5 percent recently reflecting higher food, fuel and other commodity prices, particularly metals. The overall external trade and current account situation is evolving as per expectations. However, strong capital inflows and their volatility continue to pose significant challenges to macroeconomic management. Financial market conditions are generally stable, though equity markets have exhibited greater volatility mirroring global trends. Revenue collection remains buoyant and fiscal marksmanship has improved. Fiscal targets set in the fiscal responsibility legislation are being met. We remain committed to economic reforms and conduct of macroeconomic policy to enable continuation of the growth momentum with stability.

Food & Agriculture

729. Recent increase in food prices causes concern. But even without that, agriculture remains an important sector. Its intimate link to the poor and disadvantaged is undeniable. It is well established that robust agriculture infrastructure can help prevent the huge waste which occurs due to the inappropriate handling, storage, transportation, and marketing of agricultural produce. Improvements in irrigation infrastructure are equally important for increasing food grain production. Strengthening the farm-to-market link is critical for improving food security and this could be an important area of ADB intervention. In this context we welcome the announcement by African Development Bank to increase its allocation of US $ 3.8 billion to Agriculture sector by US $ 1 billion. In the India Africa Framework for cooperation India has underscored the effective role of Agriculture in ensuring food security and eradicating poverty. We have offered to cooperate by focusing in areas like: water resource management and irrigation practices, agro-infrastructure development; combating agro-based diseases; appropriate storage and processing technologies for value addition in agricultural products; farm mechanization, post harvest technology, organic farming, policy; and regulatory frameworks and setting up of cross border commodity exchange boards. In the Animal Husbandry sector our offer for cooperation includes fields like livestock management, breeding technologies, meat processing, dairy industry development, fisheries and aquaculture. We offer to work with African Development Bank for better utilization of their increased outlay in agriculture sector. We also suggest that soft skills of the farmers need to be developed and offer to cooperate in capacity building of small African food producers to comply with the required quality and safety standards. African Development Bank can also profitably benefit from our experience in extension activity and agricultural credit policies and tap our accumulated strength of agricultural training centers and agricultural research institutes.

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Crude Oil

730. Rise in price of crude oil is another worry. This rise is not either due to increase in the cost of production, or due the increase in the risks in crude market. While producer nations reap a huge profit, the consumer nations, among whom we count a vast majority of developing and least developed countries, get squeezed. Producers nations should spare a thought on the crippling burden that rising crude prices impose on all of us, especially the poorer nations and hence they should contemplate seriously on the management of production and pricing policies of crude oil.

Duty Free Access by India to 34 African countries

731. Yesterday some references were made in this hall to “Trade and not Aid”. We recognize that what Africa needs is more trade and not more aid. The gains from an increase in volume in trade would far outweigh the possible benefits from increased aid. Access to market is indispensable to secure benefits of development dimension of international trade. India has already announced a Duty Free Tariff Preference Scheme for Least Developed Countries. Under this Scheme, India has unilaterally undertaken to provide preferential market access for exports from all 50 least developed countries, 34 of which are in Africa. The Scheme will cover 94% of India’s total tariff lines. Specifically, it will provide preferential market access on tariff lines that comprise 92.5% of global exports of all Least Developed Countries. Products of immediate interest to Africa which are covered include cotton, cocoa, aluminum ores, copper ores, cashew nuts, cane sugar, ready-made garments, fish fillets and non-industrial diamonds.

Climate Change and Clean Energy Projects

732. On environmentally sustainable growth, we suggest focusing on climate change and the urban environment. India is committed to follow an environmentally sustainable energy policy with a spirit of mutual accountability and the principle of "common but differentiated responsibilities". We expect African Development Bank to secure and devote greater resources at attractive terms for energy efficiency and clean energy projects.

Report of the High Level Panel

733. India has noted with interest the recommendations of African Development Board’s high level panel set up in 2006 that the Bank should concentrate on FOUR flagship areas: (i) Investing in infrastructure, (ii) Building capable States, (iii) Promoting the private sector and (iv) Developing skill.

734. Developing private sector crucially depends on two interrelated aspects: first, to imbue the people with an urge to become an entrepreneur and second, to put in place the enabling institutions and a robust regulatory framework. Perhaps development of micro, small and medium-scale enterprises is a necessary first step towards industrialization in African countries. We can jointly work for capacity building through Entrepreneurship Development Programmes, capacity building on policy formulation and institutional framework development for the SMEs; training in Africa and India for upgrading of skills in the areas of conventional and hi-tech production methods. Similarly we can work together by sharing our experiences help in capacity building on policy and regulatory frameworks in the

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financial sector including the microfinance sector; mobilization of domestic savings; capacity building in development of automated trading systems for stock exchange and development of cross border stock exchanges, such as Pan-African Stock exchange.

735. There can be difference of opinion on the role of the Bank on skill development. Would the Bank’s focus be primary and basic education or should it go beyond ? But there can be no difference on the role of skill development in the progress of a country. India has profited from its efforts in expanding its higher education and technology. It has developed into a knowledge economy. Our service sector has been assuming a far more important role than conventional text books would suggest for a developing country. Credit for this goes to our efforts at development of skill. India and the Bank can work together in areas like technology transfer, development of appropriate technology; capacity building for strengthening the role of science and technology; in setting quality standards and in management of intellectual property, including indigenous knowledge. India can cooperate in devising model legal and policy frameworks for ICT, such as on e-Commerce, e-Governance, e-Health etc.; development of ICT tools and applications aimed at improving public administration, taxation management, public financing and delivery of public services. In addition, India wishes to cooperate closely with African countries to ensure quick and effective implementation and roll out of the Pan-African E-Network Project being funded by India. The project will be a major step forward in removing the digital divide, and in ensuring connectivity between all African countries As a result, people in Africa can take advantage from the much needed tele-medicine and tele-education facilities.

Transforming the Bank

736. We have noted with enthusiasm the efforts of the President to transform the African Development Bank to be more efficient and responsive. This would require work in several directions. First, the Bank needs to improve its monitoring mechanisms so as to take quick and effective corrective action. Hopefully the Independent Review Mechanism would facilitate this. Second, there is growing fatigue with protracted processing time, onerous reporting requirements and needlessly involved procedures of multilaterals. The Bank would have to respond to those concerns. Possibly the establishment of field offices and adequately empowering them may be a step in this direction. Third, the Bank needs to go for its own version of capacity building by enhancing human resources within the organization to provide quick and sophisticated advice, up to date information and best practice solutions. Perhaps the ongoing dialogue between the Bank and the staff would accelerate this process. We also note with satisfaction that the vacancy rate has been substantially reduced. All the three steps mentioned above have to be achieved while saving on transaction costs.

Maputo to Dakar

737. Mr. Chairman, last year at Shanghai, I had expressed our excitement and optimism about meeting at Mozambique in 2008. Mozambique has successfully graduated out of the status of a fragile state and has performed well. Now seeing for ourselves is both satisfying and encouraging. We shall meet next year at Dakar, Senegal. In the next one year African Development Bank would have taken further steps to become a more vibrant and effective institution to bring smiles to the people of Africa and to wipe their tears. We reaffirm our support to this effort and convey our best wishes for its success. Let me conclude by thanking you all once again for this opportunity to share our thought with you and also for your patience.

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STATEMENT BY GOVERNOR FOR TOGO

Mr. ADJI OTETH AYASSOR

Mr. Chairman of the Board of Governors, Governors of the African Development Bank, Executive Directors, Mr. President of ADB, Honorable guests, Ladies and Gentlemen

738. I wish firstly to add my voice to those preceding me in expressing our profound gratitude to the President of the Republic of Mozambique and the Government and entire population of Mozambique for the warm welcome we have enjoyed since we set foot in this sister country.

739. Next, I congratulate the Management of the Bank on its organization of this Annual Meeting, which is an opportunity, not only to appreciate the progress made by our institution, but also to exchange views concerning the major issues affecting the development of our global village and above all the African continent.

Mr. Chairman, Ladies and Gentlemen,

740. The activity report and financial report presented to us provide the opportunity to applaud the Board of Directors and Management of the ADB for the 2007 financial results and efforts achieved in assisting developing countries, especially the Post conflict countries and Fragile States.

741. These efforts will be pursued through the strengthening of the Development Aid Fund for which an exceptional allocation was made from the net income this year. We are pleased with the attention ADB has devoted to this fund and approve the net income allocation as proposed by the Board of Directors. We also welcome the strengthening of the Bank’s reserves as a basis for consolidation of its financial position and international credibility.

742. We commend the adoption of the strategy in favour of fragile states, which tackles the problem of arrears clearance as well as the development issues, through the approval of a supplementary allocation for each fragile state in addition to the performance based allocation.

743. Indeed, these fragile countries require substantial technical and financial assistance on favorable terms to enable them to meet their numerous and urgent needs, since it must be ensured that they do not fall back into the crisis situation that rendered them fragile.

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Mr. Chairman, Ladies and Gentlemen,

744. The 52% increase in ADF-II capital subscriptions attests the international community’s confidence in the Bank. This will make more resources available to ADB to implement the new general policy framework for increased assistance to Fragile States, thereby strengthening its cooperation with African countries, given the arrears clearance mechanism in addition to the traditional cooperation for implementation of programs and projects or reforms. These commitments further denote the major leading role that the entire international community seeks to assign this institution for the development of the continent. It is no surprise that the areas of consensus noted in the work of the High-level Panel appointed by the President of ADB include:

- the need to make our institution Africa’s premier development finance Institution, - the need to strengthen the staff and resources to enable it fully assume its role, - the need to focus its interventions on the growth bearing areas, etc…

745. In this regard, we congratulate and encourage the Bank’s Management concerning the results achieved in the institutional reforms. These efforts will continue in further streamlining the Bank procedures and processes and placing more confidence in the national procedures for the expenditure financed by Bank loans and grants.

Mr. Chairman, Ladies and Gentlemen,

746. The positive trends concerning the ADB Group have been particularly beneficial for Togo, which is emerging from over a decade of socio-political crisis and an economic slump. The lack of understanding that has marked the process of building Togo’s democracy has affected the country’s cooperation with its key development partners, thus depriving it of a major part of the investments it requires for sustained growth and to meet the vital needs of its population. This situation led to deterioration of macroeconomic and social indicators, with the result that, from 2005, the President elected was obliged to direct full-scale efforts into a political and economic reform process to create an environment allowing for a reversal of the negative trends.

747. Fortunately, Togo’s main donors have found the country’s progress with regard to these reforms so convincing that they have decided to renew their support to its economic and social development program. This has been the case with the European Union, the International Monetary Fund, the World Bank and of course the African Development Bank which is about to approve an arrears clearance operation for Togo under its recently adopted Fragile States Facility.

748. I therefore take this opportunity to salute and thank the Executive Directors and the President of ADB for their support to the economic recovery policy being implemented by the Togolese authorities based on the Bank’s reengagement with our country, concretized in the arrears clearance.

749. I further wish to express my gratitude to President KABERUKA, his staff and the Executive Directors, who visited Togo and thus had the opportunity to witness, not only the

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precarious state of the economy following the prolonged sociopolitical crisis, but also its strengths and assets.

750. In addition to the ADB efforts in our favor, we wish to take the opportunity to request that a mechanism be put in place urgently to enable these countries to meet the most pressing needs arising from the alarming food price increases, which pose a serious threat to their fiscal balance.

751. The Government of Togo will continue to make every effort, firstly to consolidate the results of the macroeconomic reforms undertaken, and next to ensure good governance and revive the financial sector to enable it offer adequate and sustained services to the economic operators, while enhancing the business environment for the harmonious development of the private sector. These factors remain indispensable to create wealth and improve the living conditions of our populations.

752. Again we will take the opportunity of this forum to appeal to all our partners and all friendly countries to support Togo by accepting to contribute to its economic recovery. It is for that purpose that the Government is preparing to organize a Donor Round Table in Brussels, Belgium, to present the efforts achieved and identify the investment resources required for genuine economic recovery to bring about meaningful poverty reduction.

Mr. Chairman Ladies and Gentlemen,

753. I will end by reiterating the Government of Togo’s sincere gratitude to all the partners that have contributed to the efforts we have undertaken for economic and social recovery in our country.

Thank you for your attention.

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STATEMENT BY ALTERNATE GOVERNOR FOR DENMARK

Ms. KNUDSEN METTE

Mr Chair, President Kaberuka, Distinguished governors, Ladies and gentlemen

754. I would like to join the previous speakers in expressing my appreciation to the Mozambican Government for hosting this annual meeting in the most vibrant atmosphere here in Maputo.

Mr. Chair,

755. Economic growth in most of Africa has continued and even increased during the recent years. Foreign direct investment flows to Africa are also increasing. This provides a positive background to the overarching objective of the Bank to promote economic growth in order to reduce poverty in Africa. But there is still a significant variation among countries, and many continue to be trapped in conditions of low growth. We are still lagging behind with the MDG’s, but with the improved growth and strong political will among African and international actors, prospects of reaching the MDG’s have improved. Recent global trends, however, such as soaring food and fuel prices, are seriously challenging current growth curves and may jeopardize the lives of millions of poor Africans. Swift, targeted measures and humanitarian assistance are called for in the short run, but long-term structural interventions, closely coordinated between different donors must be developed and put in place as well, focusing on creating an enabling environment for agricultural reform and private sector growth. We fully support the intention of the Bank to continue its focus on infrastructure, including in the roads and water sectors, with the specific objective of furthering agricultural growth. We also appreciate initiatives by the Bank, including through budget support, to alleviate immediate strains on African economies and to allow them to continue to pursue economic reforms, even through this crisis period.

Mr. Chair,

756. Let me commend the African Development Fund on the successful conclusion of its 11th replenishment. In a context of an ever more complex aid architecture, the Fund has been wise to narrow down its focus to a handful of areas such as infrastructure, regional integration, governance, private sector operations, and fragile states. Denmark supports this selectivity, but we would like to remind the Bank of the cross-cutting issues such as gender, environment and climate change, which should be integrated into all activities. Especially gender equality and the empowerment of women are crucial elements in achieving growth and poverty alleviation in Africa.

757. Let me also commend the Bank Group for its persistence in implementing its reforms, especially the decentralisation process. The commitments and disbursements have reached very positive levels in 2007. The Bank Group’s business processes are being streamlined.

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However, as the Bank is the first to acknowledge, it’s too early to rest on its laurels, as there is still plenty of room for improvement: disbursement rates are still lower than in other MDBs, portfolio quality can improve further, more responsibilities should be devolved to the field offices, the focus on results and development impact can be improved, just to name a few challenges.

Mr. Chair,

758. Allow me to quote from the High Level Panel’s report Investing in Africa’s Future, the ADB in the 21st Century to remind ourselves of the task ahead: “Operating as 53 fragmented economies, Africa will never be able to trade competitively – it needs to be more integrated, with larger economic spaces. Goods and services must move more easily; infrastructure must facilitate not frustrate trade; institutions must be supportive and effective. Without integration, the continent will remain disjointed, with many small, shallow markets that are uncompetitive on their own and unattractive to investors. Underpinning this integration, are capable states, offering good and accountable governance.”

759. We agree with these observations. The economic potential of Africa cannot be fully utilized without more integration. Larger regional markets supported by adequate transport links and common trade policies can help boost agricultural production and reduce food and agricultural price volatility in Africa. Denmark believes that the African Development Bank Group, with its focus on regional integration, infrastructure and governance, has a pivotal role to play in the realization of that potential. We are behind you.

760. Relations with Africa is a strong priority for the Danish Government, and the Prime Minister has recently established a Commission for effective development cooperation with Africa. We are happy and very honoured to count Dr Kaberuka and Prime Minister Diogo among the commissioners, along with several other high-ranking African leaders and decision-makers.

761. At their first meeting in Copenhagen in April the Commissioners confirmed that the main theme of their deliberations will be youth and employment in Africa. Half of Africa’s population is under 18 and the pressure on the labour market is already enormous. Under this heading the sub themes selected are empowerment of women, climate change, economic growth and education. We are pleased to note that these themes are also prominent among the priorities of ADF-11. The Commission will convene again in Addis Ababa in November this year. The final report and recommendations, which we hope will have a positive influence on international development cooperation with Africa, are due in 2009.

762. Finally, Mr. Chair, Denmark welcomes Turkey’s admission to the African Development Bank Group. Turkey’s membership will contribute to strengthening the Bank’s capital base and the resources made available to the ADF; her membership is also characteristic of the broader interest and attention that Africa evokes.

Thank you.

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STATEMENT BY TEMPORARY GOVERNOR FOR CHINA

Mr. MA DELUN

Your Excellency Mr. Chairman, Your Excellency Mr. President, Honorable governors, Ladies and gentlemen

763. First of all, please allow me, on behalf of the Chinese government and Governor ZHOU Xiaochuan, to thank the Mozambique government for organizing the 2008 Annual Meetings of the AfDB Group. We are delighted to have the opportunity to get together in the beautiful city of Maputo, and feel the passion and hospitality of the Mozambique people.

764. In recent years, the overall situation in Africa was relatively stable. African countries continuously adjusted economic policies, and the regional integration accelerated. However, the global financial market is experiencing an unprecedented turmoil, and some uncertainties blur the world economic outlook. In 2008, the world economy is facing downside risks, and many challenges confront Africa. In order to effectively handle these challenges and achieve sustainable economic and social development, Africa needs to rely on itself to sustain development, improve investment environment and external policies, but international support and assistance are also indispensable, especially support from international financial institutions.

765. As the largest development financial institution in Africa, AfDB has made great achievements in reducing poverty and promoting development and integration. In recent years, to deal with new problems, AfDB, under the leadership of President Kaberuka, adjusted strategic priorities to forcefully undertake the institutional reform and project management reform, focus on its own comparative advantages, strengthen coordination and cooperation with other international financial institutions, hence satisfying the development needs in the new context. The consultation on the 11th replenishment of ADF was successfully concluded in 2007, which guarantees the funding of ADF’s business activities in the next three years and strengthens the Bank’s ability to promote economic development and social progress. On behalf of the Chinese government, I would like to express our sincere congratulations to President Kaberuka and the management on such an achievement.

766. China and African countries have a similar development process, and the two sides have a long history of mutually beneficial cooperation, which is developing in an all-round and multi-layered manner. The Chinese government has been working with African countries to implement the eight policy measures announced on the Beijing Summit of China-Africa Cooperation Forum. Initial results have been achieved since the 2007 AfDB Annual Meetings in Shanghai. The Chinese government has canceled the debt of 32 African countries to China that became due at end-2005; launched the China-Africa Development Fund to encourage and support Chinese enterprises to invest in Africa; offered greater market access to African countries; moreover, the two sides have also made positive progress in human resources development, agriculture, medical service, social development and education. We are gratifying to see Africa’s economic and social development. We are willing to share with African countries our experiences in poverty reduction and development, and provide aid within our capacity.

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767. The Chinese government attaches great importance to the cooperation with AfDB, actively participates in the ADF replenishments and multilateral debt relief initiatives, provides technical assistance to African countries through AfDB, and encourages Chinese financial institutions to cooperate with AfDB in various forms. In the sideline of the Annual Meetings, the People’s Bank of China jointly held a seminar on rural finance. The Export- Import Bank of China has signed a memorandum of understanding on cooperation with AfDB. We will continue to work closer with other member countries to promote the prosperity and development of Africa and achieve a win-win situation.

Ladies and Gentlemen,

768. Looking into the future, poverty alleviation and development remain an arduous task for Africa and the AfDB. I believe, with concerted efforts by all the member countries, AfDB will rise up to challenges in the new era and play an irreplaceable role in promoting poverty alleviation and sustainable development.

Thank you!

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STATEMENT BY TEMPORARY GOVERNOR FOR CANADA

Mrs. NADIA KOSTIUK

Mr. Chairman, President Kaberuka, Honourable Governors, Ladies and Gentleman

769. Let me congratulate Bank management and staff, and the government of Mozambique for organizing this meeting. It is my pleasure to speak to all of you today.

770. I would like to commend President Kaberuka on the advancement of reforms and the directions being discussed for the future of the African Development Bank. We feel that the Bank has made good progress over the last few years and is well on its way towards the high objectives being set for its future. The 52% increase in resources for the African Development Fund in the recent replenishment is evidence of the commitment of many countries to the Bank and the Fund, and of the growing confidence in the organization.

771. In the current global economic environment, all members of the international community must work together to preserve our collective accomplishments in advancing sustainable growth and development. Strong, credible and effective international institutions, such as the African Development Bank, play a critical role in promoting and facilitating the international cooperation needed to achieve results. Canada is committed to supporting the ADB and working with the Bank to increase focus, efficiency, effectiveness and accountability in the institution.

772. Canada agrees with the Bank’s efforts to focus where development needs are high and where there is a comparative advantage for the Bank to intervene. We fully support the directions being undertaken with emphasis being placed on infrastructure and governance, regional integration and private sector development. While not downplaying the strong requirement for continued efforts to improve basic education, we also feel that skills development is crucial in the pursuit of economic growth and are pleased to see additional importance placed on tertiary education and vocational training. We encourage the Bank however, to ensure that the expansion of its programming does not decrease the quality of that programming. Care must be taken to ensure that reforms continue and appropriate human and financial resources are in place to support the Bank’s expansion.

773. We encourage the Bank to adopt its medium term strategy and vision as soon as possible to ensure that Bank staff and stakeholders are all working from the same page in relation to the direction of the institution. We welcomed the input of the High Level Panel to this process and reviewed their recommendations with great interest. We are pleased to see that management has listened to their input and the input collected from regional stakeholders through that process.

774. Economic growth is central to any strategy for poverty reduction and Canada therefore, supports the orientation of the Bank in that direction. In promoting growth and addressing poverty, it is however important to ensure that cross cutting issues, such as

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environment, and gender equality are examined and well integrated by the Bank into all of its policies and programs.

775. Canada’s Minister of International Cooperation confirmed at the Development Committee of the World Bank last month, that we are on track to meet our commitment to double our aid to Africa in 2008-2009. Given the current global economic situation, prudent financial stewardship over these resources is even more important. In this regard, we believe the Bank should commit to carefully managing its growth in a judicious and realistic manner, especially with regard to its growing private sector portfolio. It will also be important to clearly demonstrate the poverty reduction impact, additionality, and efficiency of private sector operations, as well as to how these types of operations can increase across all of the Bank’s regional member countries.

776. It is important in all of Canada’s development efforts that, further progress is made on aid effectiveness at the country level. We encourage all development actors, including the African Development Bank, to strengthen efforts towards aid effectiveness - to strengthen coordination and cooperation towards achieving long-term sustainable results. In this context we are pleased that the decentralization process for the Bank has been proceeding well and at a good pace. We look forward to the continuing efforts of the Bank to improve its field presence, strengthen country operations and donor coordination, and advance prospects for the use of country systems. Managing for and reporting on development results, is a particular challenge that we urge the ADB to continue to address over the coming year.

777. Canada is concerned about rising food and agricultural commodity prices. We must work together to address the immediate needs for additional food aid. Last year, Canada was the third largest donor to the World Food Program. Canada recently announced an additional $50 million in funding, bringing Canada’s food aid support this year to a total of $230 million. Canada is also taking concrete steps to ensure our international aid is delivered efficiently and effectively. Studies have shown that tied aid represents a major efficiency loss of as much as 30 percent, therefore, it was also announced last week that the Government of Canada is untying its food aid procurement policy. By enabling the food aid to be purchased where it is less costly, it will reduce transportation costs, speed delivery, and increase the effectiveness of our food aid dollars.

778. We encourage the Bank to work with UN agencies and other international financial institutions for a well-coordinated response that fully utilizes each institution’s comparative advantage. As we continue to see high prices for vital goods, the impact on the most vulnerable segments of the population are likely to be severe. Addressing the food crisis requires understanding the various factors behind rising prices and we believe ADB should focus on its core areas of expertise in contributing to a global solution.

779. We are pleased to see that the Bank recognizes the key importance of agriculture in Africa and plans to continue to support this sector through its focus areas. We also hope that the joint review of agricultural programming with IFAD will conclude quickly so that further discussions can take place about direct Bank intervention in this area. As part of those discussions, we encourage in particular, the Bank to work closely with the World Bank as it expands its support to agriculture. This will assist in ensuring that both institutions' efforts are well coordinated and seek to avoid some of the difficulties that agricultural programming has faced in the past.

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780. Canada is providing key support in fragile states such as Sudan, Haiti and Afghanistan, and we encourage the Bank to proceed quickly in establishing and implementing the fragile states facility in order to help ensure that fragile states in Africa receive support to assist in their transition out of fragility. We applaud the sectors that the Bank has chosen to focus on, especially governance and capacity building, both prerequisites for sustainable development. We also hope that this financial support is provided at a high enough level and long enough for reconstruction to take place. Furthermore, as Co-chair of the Group of Friends of the Great Lakes Region, Canada supports the establishment of this facility as some of the most affected countries of that region would directly benefit from it. Allowing the Bank to house and become the trustee of the Special Fund for Reconstruction and Development of the International Conference on the Great Lakes Region, is a further example of how the Bank can support local peace building efforts.

781. The Bank has been making great progress under the direction of President Kaberuka. We have seen improvements in many areas, including in relation to internal governance, with the establishment of the Independent Review Mechanism, and the advances in the area of anti-corruption and the whistle blower policy. However, we believe that more progress is required in the area of project planning and supervision, as well as reporting on results. Hopefully, the solid working relationship that has been established between management and the Board of Directors over the last year will continue and reinforce the momentum towards building the premier development institution for Africa.

782. We are aware of the pressing need to push harder on our collective efforts to ensure that the millennium development goals are reached. We are committed to supporting African efforts and are pleased to support the African Development Bank as a key regional institution working towards these objectives.

Thank you.

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STATEMENT BY GOVERNOR FOR BRAZIL

Mr. ROSA ALEXANDRE

Mr. Chairman of the Board of Governors, Governors, Mr. President of the African Development Bank Group, Ladies and Gentlemen

783. It is a great honor for me to be here at the annual meeting representing the Government of Brazil, on whose behalf I thank the authorities of Mozambique for the warm welcome extended to the participants of the meeting. I am very proud of the fact that this meeting is being held in a Portuguese-speaking country, and specifically in this very beautiful city that is quite similar to several areas of my country. I really feel at home.

784. I am pleased to report that many African economies have recorded growth rates higher than most economies in the world. Indeed, the African continent has recorded growth averages that exceed the global average since 2001. Last year, in particular, Africa reached a record of 6.25% against the 4.9% recorded in the world.

785. Nevertheless, even though on the economic front Africa has recorded its best figures in decades, the future remains uncertain and challenging. The recent global food crisis, with food costs rising worldwide, has unfolded as an unprecedented challenge. The food security of the African populations is at risk, and cereal stocks are lower than they have ever been in the past twenty years. The poorest countries are again the most vulnerable.

786. There are several reasons for the current scarcity of food. Indeed, the demand for food has been exceeding supply for years, due to shifts in consumption patterns as well as the economic and social development of emerging economies.

787. Modern, corporate farming—largely responsible for the fantastic gains in productivity seen in the last century—has become energy-intensive, thereby making the final destinations of food production dependent on energy supply.

788. Although grain-based fuels account for less than 1.5% of the world’s liquid fuel, they are indeed the cause of more than half of the increase in demand for these products over the past year. Nevertheless, Brazil stands against a priori inferences and generalizations concerning the potential of biofuels as instruments for development and revenue generation.

789. It is essential for experiences to be differentiated. Brazil’s production of sugar cane- based ethanol, which has been underway for over thirty years, does not receive subsidies, occupies only 1% of the country’s agricultural land, and is now the second leading source of our energy. We believe that Brazil’s experience with biofuels offers a path toward energy independence, and we are eager to travel go this way with our partners.

790. In addition to the immediate triggers of the crisis, there are deep-rooted issues that must not be ignored. The subsidies granted by developed countries to their farmers and the tariff barriers restricting access to their markets greatly undermine the production of food and

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the development of poorer countries, many of whose economies depend heavily on agriculture.

791. The gravity of the situation requires immediate humanitarian action, and commitment of food-producing nations to maintain their export channels open so as to avoid exacerbating the crisis. Nevertheless, it is equally vital for us to move toward fairer trade practices that are truly vehicles for development.

Honorable Chairman,

It is essential to highlight the new level of relations between Brazil and Africa.

792. Over the past few years, Brazil’s trade with Africa has quadrupled. In the area of cooperation, we are creating a model that is firmly grounded in a desire to promote social development and that is focused on building a solid partnership. We are seeking to combine solidarity with the benefits of strong political and economic relations. This is how we view South-South cooperation. The interest is reciprocal, as are the advantages.

793. Brazil’s offer to cooperate in the area of biofuels sums up the type of partnership that we would like to build with Africa: one that is capable of broad-based, long-lasting benefits, with job creation, revenue generation, exchange of technology and knowledge, agricultural and industrial development, energy supply, and environmental protection.

794. Mr. President, the ADB has an important and growing role to play in the development of African countries. In this regard, the recent reforms that have been implemented under your administration, as well as the rigorous results-based approach pursued in regional integration and governance, the effectiveness-based approach, and the gradual, ongoing decentralization of the Bank’s activities, are on the right track.

795. I would like to reaffirm the importance that agriculture holds for the African continent. In this regard, I congratulate the Bank for the recent impetus given to its portfolio of loans for the agricultural sector as part of its short-term actions to help combat the food crisis in its member countries. I hope that the other multilateral development agencies will follow your lead.

796. In conclusion, permit me to stress the Brazilian Government’s commitment to strengthening its partnership with the Bank to ensure sustained development and poverty reduction in the region.

Thank you very much.

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STATEMENT BY TEMPORARY GOVERNOR FOR BELGIUM

Mr. FRANCISCUS GODTS

Mr. Chairperson of the Board of Governors, Mr. President of the Bank, Honorable Governors, Ladies, Gentlemen

797. Permit me first and foremost to thank the population, authorities of the Republic of Mozambique and the City of Maputo for their warm reception and the excellent organization of these meetings.

798. The highpoint of the past financial year is certainly the successful conclusion of the eleventh replenishment of ADF resources. This will enable the Fund to bear annual commitments of more than EUR 2 billion. This performance must be credited to the Bank President and his management staff, who spared no effort – especially in pursuit of ambitious reforms – to convince us that the time had arrived to increase our assistance to the African Development Bank.

799. However, there is a great risk today that the efforts we have made may be rubbished by the combined impact of rising food and energy prices. It is clear that these phenomena is likely to last and that the development community must fully take this new reality into consideration.

800. Mr. Chairperson, your announcement about increasing by one billion US dollars the Bank’s aid to the agricultural sector seems appropriate to us. Assistance to national authorities to manage this new transition could take several forms, compatible with the Bank’s priorities. Indeed, the key issues to solve particularly require support in terms of economic policy, institution building and good governance. For instance, there is need to support efforts by the most affected countries to contain inflation, provoked by rising food prices. However, I am of the view that the traditional response to inflation might hamper growth (growth is essential to poverty reduction). Hence, it is necessary to craft innovative solutions to help countries – especially the major food importers – to compensate their rising bills. Tax-related responses can only have a positive impact in the short term. Emphasis should shift to the strengthening of agriculture-related institutions and the development of local farmers, especially those active in the food crop sub-sectors. Furthermore, the commercial balance should be progressively re-calibrated by reducing imports via local production, the competitiveness of which should be considerably strengthened. Efforts planned by the Bank in the rural infrastructure and inputs sectors appear to us quite relevant in that regard.

801. Concerning the Bank Group’s future, Belgium welcomes the conclusions of the High Level Panel charged with suggesting paths for the Institution’s future. Furthermore, we support Management’s response to the Panel’s report.

802. Specifically, it is Belgium’s view that as with ongoing practice in sister institutions, the Bank’s capital adequacy should be revised yearly, on the understanding that the capital

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would only be increased if demand from borrowing countries so justifies. For the moment, that is not yet the case in our view.

803. In terms of strategic and operational programming, Belgium reiterates its preference for country and national program selectiveness, in contrast to sector selectiveness. Since no development sector should be left untouched, the Bank should situate its efforts within the dynamics of distribution between multilateral and bilateral partners. In areas where it lacks expertise, it should strive to build solid strategic partnerships.

804. Among the Group’s priorities, much has been said about favoring infrastructure. After many years of neglect, infrastructure now requires massive investment. As recently recalled repeatedly in connection with agriculture, Belgium also calls on the Bank to closely coordinate its infrastructure interventions, especially with European Union development agencies (those agencies have substantial resources and suitable instruments to strengthen the effectiveness of a joint approach).

805. Belgium is equally convinced that the use of ADF grants to subsidize interests on loans contracted from the ADB would produce a leverage effect on Fund resources and amplify the impact of ADF interventions. That could well demonstrate the enhanced complementarity between the two key Bank Group entities, in line with one of the recommendations of the High Level panel. We are convinced that there is need to reflect on the possibility of re-engaging in sub-Saharan Africa, even if modestly so. To maintain its regional character, the Bank should not be confined to solely servicing solvable countries.

806. With regard to operations on ordinary resources, Belgium shares the views of the High Level Panel on the need for the Bank to maximize the use of existing resources. The trend of operations in recent years confirms the need to improve the competitiveness of Bank financing via more diversified instruments and the reduction of transaction costs. In that connection, we welcome the simplification of loan approval procedures and await the new policy that will govern activities that the Bank plans to develop in middle income countries. We hope that the policy will match the Bank’s declared ambition for its operations in that category of countries. Enhanced coordination between donors and borrowing countries should contribute to reducing potential competition in this market. The needs are so great that each donor should find its slot as per its capacity and mandate.

807. Lastly, Belgium will closely monitor the Ivorian peace process. Although the Bank’s return to its headquarters is still premature, we welcome the progress made over the past year or so towards returning to a normal situation. We encourage the Ivorian community to continue in that direction.

808. I would also like to seize this opportunity to offer our sincere thanks to the Republic of Tunisia for hosting the Bank in its Temporary Relocation Agency.

809. Furthermore, we join with others to fully congratulate Turkey for joining the Bank Group.

810. Belgium reiterates its support to President Kaberuka and the Institution as a whole.

Thank you for your kind attention.

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STATEMENT BY GOVERNOR FOR CHAD

H.E. OUSMANE MATAR BREME

Mr. Chairperson of the Board of Governors, Honorable Governors, Mr. President of the African Development Bank Group, Ladies and Gentlemen, Honorable Attendees

811. I would first like to express my gratitude to the Government and people of Mozambique for the reception and legendary hospitality showered on my delegation and myself since our arrival in Maputo.

812. I would also like to thank ADB Management for the smooth organization of these meetings.

813. May I use this platform, on behalf of the Government of Chad, to express our sympathy to the Government and people of China for the sorrow and loss recorded during the recent earthquake.

814. These meetings offer us a good opportunity to express our views on the state of our Institution. Indeed, the 2007 Annual Report clearly shows the ADB as focusing more of its actions on issues of concern to our continent, namely the promotion of a sustainable economy and poverty reduction. In that regard, the quality and volume of operations approved in 2007, which rose from UA 2.6 billion in 2006 to UA 3.10 billion, confirms that assertion. As I said earlier, these operations concentrated generally on infrastructure, agriculture and rural development, and account for nearly 82% of total approvals for the period under review. Furthermore, the ADB increased its participation in the debt relief effort, assistance to post- conflict countries and equity participation in the private sector and trust funds. As a result, the Bank Group’s 2007 financial statements highlight the Bank’s solid financial situation, especially the overall net performance of UA 375.1 million before income allocation. Furthermore, the Triple A rating of the Bank’s privileged debt is without any doubt an additional proof of its sound finances and the prudence with which its portfolio is managed. In the light of this commendable performance, I cannot but highly commend the Bank Group President Dr. Donald Kaberuka, the Board of Directors, Bank Management and staff.

Mr. Chairperson of the Board of Governors, Mr. President of the African Development Bank Group, Honorable Governors, Ladies and Gentlemen, Honorable Attendees

815. Although we are fully satisfied with the 2007 performance, it goes without saying that much remains to be done. Africa faces several challenges. Although the ways and means of solving them have been identified, the crucial issue of financing lies unaddressed. Although we note with enthusiasm the remarkable level of the ADF-XI replenishment, additional resources mobilization efforts must be made if the Bank is to diversify its interventions in growth-bearing sectors. The Bank should implement a more voluntary private, industrial, information/communication sector policy.

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Mr. Chairperson,

816. Our continent continues to face rising oil and food prices. By putting in place a USD 1 billion fund to address the food crisis, the Bank has once again proven its capacity to react promptly to our difficulties and provide suitable solutions to the continent’s major problems. Since its interventions are driven by such logic, we consider that the dossiers on NEPAD, water access and the African Fertilizer Development Financing Mechanism should also be given the same consideration.

817. Furthermore, the institutional reforms ongoing within the Bank are worth encouraging. For our Institution to respond to current exigencies and better face the future, the current positive financial results alone will neither do nor do they suffice to guarantee the future and fate of our Institution. The Institution must be modernized and given more effective management tools. In other words, the reforms must be pursued to their logical conclusion. Our Bank’s progress and future are contingent on reforms. If Africa is of interest to the world due to its natural resources potential, our Bank – thanks to its results and ambitions – is of even greater interest to non-regional countries: witness the latest member, Turkey. Although we welcome that country’s arrival, we also begin to wonder what the ADB will become in future, with the increasingly consolidated presence of non-regional members and their considerable voting powers. Will the African vocation and African concerns continue to be preserved? These issues must be raised from now if we must have a vision for Africa in the 21st Century, if we must overcome the challenges facing the continent, if we must ensure its emancipation.

Mr. Chairperson,

818. I would like to state that we appreciate the Bank’s decentralization process. For my country, the opening of the Bank’s field office has consideraby improved the portfolio status and our cooperation with the Institution in general. Thus, the Bank’s proximity has actually had an immediate effect on operations and will logically impact the results. In that regard, we would advocate that the Bank’s presence in our States be strengthened. More than ever before, the Bank should also bear its full responsibility towards the continent by further encouraging regional integration among member countries, strengthening NEPAD, implementing the Paris Declaration, reviewing the Monterrey Consensus, EPA and DOHA Cycle negotiations, and the attainment of the Millennium Development Goals.

Mr. Chairperson of the Board of Governors, Mr. President of the African Development Bank, Honorable Governors, Ladies and Gentlemen, Honorable Attendees

819. Notwithstanding the results obtained, the Bank should improve its operations in favor of its member countries. Results-based management which has become a credo of your policy, should be consolidated with institutional and operational effectiveness, and continued performance evaluation at the level of the regional member countries. Furthermore, a simple method should be found to enable our States to adhere to this process so that more than ever before, development aid will become more effective and produce the expected impact poverty reduction in view.

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820. We are also aware that our support is indispensable in this phase of institutional change, to enable you to pursue the task initiated and strengthen our Institution’s achievements. In recognition of the progress made under your watch, the Government of Chad will spare no effort in giving you its support, so that our Bank would have the resources to accomplish its mission and respond to the expectations of the African people.

821. In conclusion, we sincerely hope that these meetings would be successful and that our deliberations would contribute to the better governance of our Institution.

Thank you for your attention.

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STATEMENT BY GOVERNOR FOR SIERRA LEONE

Mr. CAREW DAVID OMATSHOLA

Mr. Chairman, Mr. President, Distinguished Governors, Ladies and Gentlemen

822. On behalf of the Government and people of Sierra Leone, I would like to join my colleagues to express our gratitude to the Government and people of Mozambique for their warm reception and hospitality to our delegation.

823. Let me share with you recent developments in Sierra Leone. Since the end of the war, Sierra Leone has made significant progress in a number of areas such as good governance, public financial management, transparency and accountability. Most recently, Sierra Leone has conducted a second round of peaceful, credible and transparent elections. These have been acclaimed by the international community and the outcome is now being emulated by several other countries.

824. The vision of the new Government is centered in transforming the economy, developing infrastructure, maintaining macroeconomic stability and providing sustainable electricity. We are aware that a competent, strong and vibrant institutional and administrative environment is a prerequisite for the development of Sierra Leone. Accordingly, the key challenges for achieving this include further strengthening good governance; encouraging the participation of grassroots population in decision making and resource allocation; reducing the high levels of illiteracy; ensuring access to basic facilities; improving the capacity of state institutions to deliver services to the people; fostering the implementation of appropriate macro and micro-economic policies; increasing life expectancy; and reducing the current high level of unemployment. Furthermore, achieving high growth rates is an essential vehicle for achieving these objectives.

825. We have also identified and focused our attention to the immediate causes of the war. These include marginalization and unequal distribution of national wealth, public services and political power. There were also lapses in justice and the rule of law. Looking ahead, as we move from peace consolidation to growth and development, we are preparing a second generation PRSP as the basis for addressing these challenges, which will also form the basis for continued donor assistance. In this respect, we would be convening a donors meeting in the months ahead to seek support to the PRSP. We continue to count on the strong support given to us by the African Development Bank, including the opening of the country office which has significantly improved our relationship with the Bank and the quality of implementation of our country portfolio. For ADF-XI, we hope that the allocation of resources to Sierra Leone would adequately support the country’s immediate as well as medium to long term priorities, including infrastructure development in terms of roads, urban and rural electrification and water supply.

826. On the ADB Group programmes and activities, we acknowledge the efforts and progress being made by the Bank to help mitigate the impact of the recent increase in fuel

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and food prices. No doubt, Sierra Leone like many other countries, is currently enduring a sharp deterioration in the quality of life due to the pass-through of the soaring fuel and food prices. The risks of social and political instability are on the rise, thereby reversing the gains made thus far in our post conflict reconstruction efforts, including reducing poverty. We, therefore, welcome the various initiatives in agriculture being launched by the international community. However, we will welcome initiatives that particularly address the short term emergency needs following these developments, including concessional financing for oil imports. We endorse the recommendations of the high level panel which provide the Bank a clear operational framework going forward.

827. We commend the Bank for the institutional reforms aimed at improving the quality, impact and responsiveness of their programs and services. We note the significant streamlining of procurement processes aimed at reducing delays and transaction costs, intensification of portfolio management and the delegation of authority to field offices. However, to reaffirm my colleague from Liberia’s appeal we will urge the Bank to assign more experienced technical staff to support fragile states where issues are more complex and capacity weak.

828. In closing, I would like to thank the Board of Directors, President Kaberuka and Senior Management of the Bank for their strong commitment to Sierra Leone during these trying times. We deeply appreciate the visit by the Executive Directors in February this year. I would like to further reaffirm our fervent and unreserved support to the President for his prudent policies. Finally, we must record our appreciation for the enhanced replenishment of the ADF resources.

Mr. Chairman,

829. We also welcome Turkey to the Family.

I thank you all.

Thank you.

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STATEMENT BY GOVERNOR FOR THE ISLAMIC REPUBLIC OF MAURITANIA

Mr. ABDERRAHMANE OULD HAMA VEZAZ

Mr. Chairperson, Honorable Governors, Mr. President of the African Development Bank Group, Ladies and Gentlemen

830. I would first like to transmit the greetings of the President of the Republic, Mr. Sidi Mohamed Ould Cheikh Abdellahi, who had accepted the invitation sent to him by the President of the Republic of Mozambique, Mr. Armando E. GUEBUZA, but was finally unable to grace your deliberations with his presence due to scheduling constraints.

831. I would also like to express my sincere thanks to the Government of the Republic of Mozambique and its people for the warm welcome and hospitality showered on us since our arrival in the charming city of Maputo.

Mr. Chairperson, Ladies and Gentlemen

832. The Mauritanian economy recorded solid performance in 2007 as reflected in a real growth rate of nearly 6%, inflation limited to 7% and an improvement of the country’s external position.

833. However, this performance must not hide the disquiet raised by the international context in which our deliberations this year situate, characterized by a serious food crisis due to rising cereal prices and which, according to several specialists, will continue for some years to come.

834. This unfavorable international context is also marked by the negative fallout of the financial crisis that has recently shaken the world economy, and the unprecedented rise in oil product prices.

835. The consequences are telling for our countries: the beneficial effects of several years of economic performance could be reduced to nought, serious risks of famine weigh heavily on the poor whose number will increase the more with rising poverty. The bright economic prospects that the African continent saw emerging on the horizon are today mortgaged.

836. At the macro-economic front, this situation has resulted in an accelerated rise in inflation, a deterioration of the balance of payments and acute budgetary difficulties, thus considerably threatening the macro-economic stability of our countries.

837. Aware of the new challenges resulting from the world food crisis, the Government of Mauritania has adopted short- and medium-term measures, aimed at guaranteeing the country’s food security.

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838. In the medium and long term, we are aware that only sustainable measures will provide a suitable response to the new challenges. In that regard, the Government has set in motion reforms aimed at developing the entire agricultural potential, increasing agricultural productivity and improving farmers’ access to credit and technology.

839. In the short term, the Government has taken a series of measures to limit the negative impact of rising prices on the vulnerable population and preserve the purchasing power of citizens. With its own resources, the State financed and implemented a USD 160 million Emergency Plan comprising key measures, including:

- The launching of the 2008/2009 cropping year, benefiting from an unprecedented mobilization of public budgetary resources and resources from the private sector, and aimed at putting as large an area as possible under crop in the short term, and encouraging production; - Free distribution of cereals and food-for-work in favor of the poorest; - Granting targeted wheat price subsidies for other poor segments, and a general bread price subsidy; - Abolishing duties and taxes on rice; and - Granting a 10% salary increase.

840. Unfortunately, these emergency programs the cost of which corresponds to nearly 20% of the overall budgetary resources, represents a major shock on the State budget – hence the need for us to mobilize the corresponding external budgetary assistance to remedy the situation, in the absence of which priority programs under the three-year development plan could be supplanted and the millennium development goals compromised.

Mr. Chairperson, Ladies and Gentlemen

841. It is obvious that the scope of challenges raised by the food crisis - challenges that our States must very rapidly overcome - requires the mobilization of substantial financial resources well above the budgetary possibilities of several African countries.

842. Apart from the need to strengthen traditional ODA flows, this highlights the importance of putting in place new financing mechanisms to match the current context. Urgent problems need urgent solutions.

843. Specifically, the ADB Group in its capacity as Africa’s leading regional development institution, is called to play a major role in seeking adequate solutions.

844. Within that context, we welcome the initiatives already taken by the ADB to allocate additional resources to agriculture and brainstorm to formulate an emergency program in that regard.

845. We hope that these efforts will, as soon as possible, result in the launching of an emergency program, which will serve as the intervention framework for other donors, to enable the most vulnerable countries to benefit therefrom very rapidly.

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846. The success of such a program will largely depend on the effectiveness of operational modalities and the facility with which resources will be put at the disposal of States. Within that purview, budgetary assistance is certainly of interest and should be favored, given the advantage that it presents in terms of rapid disbursement.

Mr. Chairperson, Ladies and Gentlemen

847. In conclusion, I would like to congratulate the ADB Group President, Mr. Donald Kaberuka, and Bank staff for their excellent work in the service of development of the continent.

Thank you for your kind attention.

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STATEMENT BY GOVERNOR FOR LESOTHO

Hon. TIMOTHY THAHANE

Mr Chairman, Fellow Governors, President of the African Development Bank Group, Distinguished guests, Ladies and Gentlemen

848. Let me begin by congratulating you dear colleague on your selection as Chairman of our Joint Annual Meetings in this beautiful city of Maputo. This is a highly deserved choice and Lesotho is proud of it.

849. Through you, Mr Chairman, I wish to express my delegation’s appreciation and pleasure for the warm hospitality that the Government and people of Mozambique have extended to us since our arrival in Maputo.

850. Our congratulations also go to the Staff, Management and Board of Directors of the ADB Group and their Mozambican counterparts for the excellent arrangements made for our meetings. We all know how difficult it is to organise such meetings away from Headquarters.

Tribute to Mozambique

851. It is fitting that we should hold our meetings in Mozambique so that we can celebrate with its people their successful emergence from the most destructive devastation of one of the most brutal liberation wars in our region. We have seen the painstaking, yet successful, reconstruction of infrastructure; the steady and focused building of institutions of learning and governance, and the patient training of staff.

852. Today, we salute all Mozambicans for their democratic, social, economic, and financial achievements over the last three decades. Your experience demonstrates what the new and rising Africa can do by relying on its people and resources to sustain high and shared economic growth to eradicate poverty.

Bank Group Results

Mr Chairman

853. We are pleased with the results of the Bank Group’s performance during the past year. I congratulate the President, Staff and Board of Directors for these excellent financial and operational outcomes. I recognise that the reforms which the President introduced in the last two years have not yet taken hold. But we are encouraged with the results so far. We encourage him to persevere.

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854. Lesotho strongly shares the High Level Panel’s view that Africa needs a strong and well managed ADB Group to provide two things: intellectual and analytical leadership and catalytic value in the massive resource flows that Africa will need from the private sector in the years ahead to finance infrastructure including energy, food production, and skills development.

855. The Bank will need to attract the best minds on the continent in order to address the challenges to achieve high sustainable and shared economic growth that will lead to the eradication of poverty. To retain such brains, the Bank will also have to create an environment that encourages diversity of ideas, rigorous analysis, and hard work.

856. The estimated financial resources needed in the future to develop much needed infrastructure and skills in Africa cannot be met by official bilateral or multilateral development assistance. The Bank must therefore look for these resources from the private sector. This is why the Bank Group must use its balance sheet and catalytic skills to build strong Public Private Partnerships with appropriate sharing of risks and rewards and dependable legal agreements.

Mr Chairman

857. We have embarked on the use of some of these tools in Lesotho because this is the only way that some of the large prospects we have in Health, water and roads can be financed. But we found that we need sophisticated, legal, financial and proper structuring skills which do not exist in the public sector or in many multilateral institutions. This is an area that the Bank must quickly scale up if it is to help its members bring these projects on stream.

Lesotho Recent Economic Performance

858. Let me say a word about recent economic developments in Lesotho. We have enjoyed high growth rates of 7.2% and 5.1% in the last two years and project a 7% growth for this year. This has been driven mainly by diamond mining and textile exports to the US of about $450 million per annum. The challenges we face are to make this growth broad-based and sustainable; to diversify our exports products and markets to take advantage of the EU’s duty free and quota free access; and to create a competitive and conducive investment climate.

859. There is scope for the ADB to partner with us as we promote private sector-led development, including tourism. The Government is pursuing a growth strategy that requires heavy investment in power, roads, water, telecommunications, skills and technology. We need large investments in these sub-sectors, especially in hydro-power which will eventually contribute to easing climate change pressures.

860. We recognise, however, that official aid can only play a supplemental role. We must rely on mobilising our domestic resources and putting in place good financial governance and accountability systems. In this regard, the support of the ADB Group to the Collaborative Africa Budget Reform Initiative or CABRI begun by some of our member states is very important.

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Welcome to Turkey

861. In closing, allow me Mr Chairman, to extend a warm welcome to Turkey, which has just joined our Group of institutions. I am sure that this solidarity with Africa will prove to be mutually beneficial in the years ahead.

I thank you.

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STATEMENT BY GOVERNOR FOR SEYCHELLES

H.E. Mr. PATRICK PILLAY

Chairperson, Honorable Governors, Mr. Kaberuka, President of the ADB Excellencies, Ladies and Gentlemen

862. On behalf of the Government of Seychelles, it is an honor for me to address the 43rd Annual Meeting of the African Development Bank and the 34th Annual Meeting of the African Development Fund.

863. Firstly, allow me to extend my sincerest appreciation and gratitude to our host, the Government of the Republic of Mozambique, for their warm welcome and excellent hospitality. We are in one of Africa’s exemplary and fast growing economies that are moving confidently towards a much higher level of socio-economic existence. Your country is a source of admiration for many that have also experienced the long and hard struggle towards liberation and emancipation as a nation-state.

Ladies and Gentlemen,

864. I would also like to express my satisfaction with the encouraging developments taking place in the Bank’s Host Country, Cote D’Ivoire. This predominantly African solution to an African problem is very inspiring. The Government of Seychelles joins all to express gratitude to the main stakeholders that have made the ‘road to peace, stability and security’ an irreversible process that will eventually lead to the Bank’s return home, to Abidjan.

865. The Tunisian authorities’ critical role in ensuring the continuity of the Bank Group’s operations in safety, security is most appreciated. It is indeed a critical element in the African solution formula.

Distinguished Chairperson,

866. 2007 was another solid year for the Bank with strong operational and financial results. Total approvals for 2007 reached a record high of 3.1 billion Units of Account signifying a 19.3% rise from the preceding year.

867. The Bank’s reforms may not have progressed as fast as was initially projected, but these reforms are firm and right on track - particularly in terms of enhancing effectiveness and delivery of tangible results on the ground.

868. Given the remarkable progress registered in the reform agenda, the progress in Business process streamlining, Human Resource development and decentralization agenda of the Bank’s operation in 2007 ought to be applauded. This is testimony of the Bank’s firm commitment to enhance its performance as it strives to achieve maximum development impact on one of the most volatile, diverse, risky and poorest continent of the planet.

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Distinguished Chairperson,

869. The African continent is home to countries that are at different stages of development ranging from the ‘resource endowed’ to the ‘resource poor’, the ‘very large to the very small’, ‘the coastal to the landlocked’, ‘conflict stricken or emerging thereof’ to ‘the peaceful and stable emerging’ states. There are also the ‘African Small Island Developing States’, littered in the Atlantic and the Indian Ocean. Time and time again the plights and significance of this group of countries in the world economy have been reiterated and debated at many international fora.

870. Apart from the United Nations, there is hardly any international organization or framework within which small island middle income countries could spell out and get their specific challenges comprehensively addressed. Evidently, our partner, the Commonwealth secretariat, should be singled out and highly praised for its consistency in attempting to attend to the case of small island developing states that are often disqualified and marginalized.

871. Yet, Island states are the frontline victims of the increasing negative effects of Climate Change. Our small island countries can be transformed radically overnight from a tourism paradise to the tragic remains of the aftermath of the December 2004 Tsunami that we all witnessed on our TV screens. The International Panel on Climate Change has reported that climate change will continue to be of grave concern. The time has come for us to redouble our efforts in calling for greater attention. We need to work together to establish the necessary mechanism to provide adequate resources and technical assistance for mitigation and adaptation policies.

872. Exogenous economic shocks brought about by the high level of narrow resource base dependence, limited capacity and economies of scale, give rise to increasing pockets of poverty and macroeconomic instability in small island middle income countries. High per capita costs of infrastructure as well as the cost of insularity due to isolation and distances from the main markets pose constant and consistent constraints and challenges. This extends to those related to our efforts in a serious attempt at Regional Integration.

873. Ladies and Gentlemen, despite glaring evidences, this group remains hampered by lack of access to affordable development assistance as well as the unavailability of a proper framework aimed at mitigating some of the most pressing concerns.

Ladies and Gentlemen,

874. One of the most pressing issues that the world is facing today is the rise in commodity prices. The inflation in the price of food has made headlines in world wide media. Latest statistics show that food prices have risen by 40% between 2006 and 2007. The old saying “One should put one’s money where one’s mouth is” has never been more true than the realities we are currently facing.

875. I am pleased to note that ADB has not remained idle on the issue and welcome the announcement and initiative to curb the on-going food crisis. The USD 1 billion addition to its agriculture portfolio, demonstrates the Bank’s commitment to help address the food crisis in Africa. I would like to take this opportunity to convey to President Kaberuka my deep appreciation for this initiative.

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876. Going forward however, it is vital that countries are advised on how to expediently benefit from this fund. It is important to know the criteria and procedures in the short, medium and long term. The Fertilizer Financing Mechanism about to be rolled-out to enhance agricultural capacities of our countries is a welcomed complementary initiative. If it is to contribute positively to attenuate the socio-economic effects of the impending food crisis, it requires to be fast-tracked.

877. In the case of small island states we stand once again at a great disadvantage due to our small size and shortages of fertile arable land for food production. We can indeed do very little in our power to promote agricultural growth to ensure food self sufficiency. We need ground-breaking solutions - additional support be it technical, financial or otherwise to ensure that our people has food readily available to eat.

“A hungry man is an angry man” – if not timely and adequately contained, the galloping food prices and shortages could be the kerosene that will light the flames of unrests.

Ladies and Gentlemen,

878. The Bank should be commended in its efforts to more effectively assist fragile states in Africa. The development of the Fragile States Facility by the ADB has clearly set forth a new momentum in recognition of the weak and vulnerable economies of Africa. The Facility is a starting point to positively inspire the vulnerable states of Africa to progress towards more stable political and economic developments on the ground. It is our hope that other international agencies will follow the paradigm with the goal to strengthen this global effort.

Distinguished Chairperson,

879. I would also like to express appreciation in the Bank’s efforts to address the emerging requirements of Middle Income Member Countries. The African Middle Income Countries Conference held in Cairo earlier this year was a good initiative on the part of the Bank and the World Bank, where discussions centered on the improvement of the Banks’ services to meet the needs of the middle income countries in Africa. At this juncture, there is a narrow window of opportunity for the Bank to align with other stakeholders to enhance efforts for the application of more specific and robust support and solutions to the challenges faced by the small island middle income countries.

880. A similar proposal was made to multinational financial institutions at the Inter- governmental Conference on Middle Income Countries that was held in Madrid, early 2007. As our colleagues rightly put it during the Conference, it is time that Organizations like the United Nations, the World Bank, the European Commission and the OECD treat middle income countries differently. This applies also to the ADB Group. Another recommendation is that additional criteria, other than the traditional GDP per capita, are used to measure progress in developing countries. So far, the ‘Vulnerability Index’ for example has not seen light of day as a serious comparator to be even considered as a complement to GDP per Capita. We request that as an increasingly emerging knowledge Bank – the ‘Vulnerability Index’ should be given time of day if only to further promote its rationale and possible future use.

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Distinguished Chairperson, Honorable Colleagues, Excellencies, Ladies and Gentlemen

881. Now that there seems to be emerging general consensus that the effects of Climate Change is real, now that attention is being paid to our increasingly eroding coastal zones where the majority of our populace seek a living, now that we are experiencing the rise of the sea-temperature and the sea-level, now that the weather patterns are becoming more and more unpredictable, now indeed is rightly the time to develop innovative solutions! Business as usual and a ‘one-size fits all’ approach will simply not do to address the impending challenges!

882. The African Development Bank Group and all partners and stakeholders need to actively respond to the threats and challenges in the spirit of striving for better performance on the ground. The concerns, constraints and challenges are diverse and specific to various clusters of ADB member states. In light of the emerging pattern, they should be looked at separately and analyzed thoroughly to allow for selective and focused interventions to obtain maximum development impact and tangible results. I make a special plea for the Bank to continue to enhance its focus on the specific constraints continuously faced by the fragile and vulnerable states of Africa including our Small African Island States.

Distinguished Chairperson,

883. I would like through you, to reassure President Kaberuka that my Government stands resolute behind his endeavor to transform this institution to a Results-Based – Knowledge Institution of repute and recognition, predominantly when it comes to matters concerning the development of the African Continent. On behalf of my Government and the People of Seychelles, I would like to convey to the Republic of Mozambique, our warmest wishes of partnership and solidarity.

I thank you for your attention.

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AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND ADB/BG/2008/43/SR/Prov.1 ADF/BG/2008/34/SR/Prov.1

PROVISIONAL SUMMARY RECORD OF THE CLOSING SESSION

Held at the Joaquim Chissano International Conference Center Maputo, Mozambique, 15 May 2008 at 10 a.m.

A. PRESENT

1. For the Bureau of the Boards of Governors

Chairperson H.E. Mr. Aiuba CUERENEIA Governor of the Bank of Mozambique, Governor for Mozambique, Chairman of the Boards of Governors

1st Vice Chairperson H.E. Albert KOENDERS Governor for the Netherlands

2nd Vice Chairperson H.E. Mr. BAAH-WIREDU Kwadwo Governor for Ghana

2. For the Bank Group Management

President of the ADB Group Dr. Donald KABERUKA

Secretary-General Mr. Kordje BEDOUMRA

Acting General Counsel Mr. Kalidou GADIO

B. CONTENTS: o Adoption of the Official Record o Other Business (Point of Order raised by the Governor for Egypt) o Vote of Thanks o Closing Statement by the President of the Bank Group o Installation of the New Bureau o Remarks by the In-coming Chairperson of the Boards of Governors o Closing Statement by the Out-going Chairperson of the Boards of Governors

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Adoption of the Official Record

884. The CHAIRPERSON of the BOARDS OF GOVERNORS called the meeting to order and announced the commencement of the closing ceremony. He invited his colleagues to start with the adoption of the Official Record of the 2008 Annual Meetings followed by the reading out of the Votes of Thanks and the closing statements.

885. He observed that the Official Record had been distributed to Governors and therefore invited them to make their observations or to subsequently transmit them in writing to the Office of the Secretary General. He invited them to adopt it unanimously if they had no comments or observations.

886. The BOARDS of GOVERNORS adopted by acclamation the Official Record of the 2008 Annual Meetings, attached as annex.

Other Business

Point of Order raised by the Governor for Egypt

887. Under Other Business, the Board of Governors noted the point of order raised by the Governor for Egypt, in connection with the extension of the period of the postal ballot on the revision of the conditions of service and remuneration package of the Executive Directors of the Bank. The extension would enable Governors who had not been able to vote on the issue to do so. The Governors Saudi Arabia, Botswana, China, Djibouti, Egypt, Ethiopia, Guinea, Kenya, Libya Mauritania, Namibia, Seychelles, Spain and Togo made the request and transmitted it to the General Counsel of the Bank on 15 May 2008.

888. The Board of Governors took note of the clarifications provided by the General Counsel of the Bank as well as his legal opinion on the matter, namely : (i) the postal ballot extended to Governors on the issue had been concluded and the results of the vote concerning Executive Directors were negative; (ii) from the legal viewpoint, it would not be advisable to extend the voting period after the closing date of the ballot; (iii) however, in compliance with the relevant provisions of the Agreement Establishing the Bank and the Bye Laws of the Board of Governors, the matter could be included in the Agenda of the ongoing Annual Meetings for consideration; (iv) consequently, since the Board of Governors was sovereign on matters concerning the management of the affairs of the Bank, it could put the issue on the Agenda of its current meetings for discussion and decision making.

889. During the deliberations, the Governors for Libya and Nigeria supported the proposal to extend the postal ballot period.

890. Given the sensitive nature of the matter, the viewpoints expressed by Governors and in the light of the legal opinion provided, His Excellency Aiuba CUERENEIA, in his capacity as Chairperson of the Board of Governors, recommended to Governors to accept the extension of the postal ballot period concerning the revision of the conditions of service and remuneration package of the Executive Directors of the Bank.

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891. The Board of Governors approved by acclamation, the proposal put forward by the Chairperson of the Board of Governors. The period for the postal ballot concerning the revision of the conditions of service and remuneration package of the Executive Directors of the Bank was therefore extended.

It was so decided.

Votes of Thanks

892. The Votes of Thanks were read out by the designated Governors. The Vote of Thanks as read out, are attached as annexes to the present records.

Closing Statements

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CLOSING STATEMENT BY THE PRESIDENT OF THE AFRICAN DEVELOPMENT BANK GROUP

Dr. DONALD KABERUKA

Mr. Chairman Honourable Governors Ladies and Gentlemen,

893. The 43rd Annual Meetings of the Bank Group have come to an end. Our discussions and deliberations have been extremely constructive and enriching. As President, I have benefited from your guidance and this will contribute to sharpening our responses and approaches on important strategic issues for the Bank in the next twelve months.

894. Let me seize this opportunity to express my appreciation to all for the success of our meetings. I once again express, in your name, my deep gratitude to the Mozambican authorities and the People of Maputo for their warm hospitality and the quality of the organization. In particular, I would like to express our profound gratitude to their Excellencies President Armando Emilio Guebuza and President Denis Sassou N’Guesso for finding time to honour our Conference and their inspiring statements and strong support of our institution.

895. Let me also once more thank the outgoing Bureau and Governor Cuereneia in particular for his leadership throughout the past year. Governor Cuereneia, thank you for your time and your contribution. Allow me also to congratulate the incoming Chairman, Governor Diop and his Bureau and assure them of Management’s full support and cooperation over the next year.

896. Equally, I want to extend my warm congratulations to the elected new members of the Board of Directors. We look forward to working closely and constructively with the Board. You come in at the right time. Indeed a cohesive seamless working relationship between Management and the Board is vital for the health and efficiency of the Bank as the Board carries out its oversight function. It is a must for good corporate governance. I also thank all who have contributed to the success of this meeting, the Bank, Management, staff, interpreters, translators and our Mozambican logistical staff for a job well done.

High Level Panel Report

897. I would like once again to thank the HLP for its work. The GCC endorsed the management’s response to the Report and we will take forward the work as proposed. We will proceed with the crafting of a new strategic vision – the first since 1999 – which will inform the finalization of our Medium Term Strategy.

898. It is clear that the debate has begun on some of the longer term issues raised in the Report. For instance, how best to leverage the Bank’s assets in order to maximize development impact, a debate to be informed also by the thinking in response to the issue on capital adequacy.

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899. What I have heard, from the GCC debate on management’s response to the Report, in the statements, and in my bilateral consultations is broad satisfaction with the strategic direction now in place. There is agreement on focus and the need for anchoring selectivity. I intend to maintain the operational discipline, to ensure strategic fit around our core operational areas as enshrined in our draft Medium Term Strategy. Of course this is not a strategy cast in stone – our annual work programme and budgeting will take account of experience, changing needs and circumstances.

Response to the Food Crisis

900. I very much appreciated the discussions on the role of the Bank and the response to the food crisis. I welcome your endorsement of our three-pronged action plan to deal with the crisis in the short - medium and long-term. The Bank will refine the plan and move towards its implementation, while also engaging and collaborating with other institutions, including specialized agencies of the United Nations.

901. Governors have agreed that we should make use of some of the resources in our Surplus Account. I intend to come quickly to the Board with proposals, and we will welcome also financial contributions from donors disposed to do so. It cannot be overemphasized that our success in this area will depend as much on funding levels as well as on our collective ability to ensure an effective and coordinated response. I appreciate your approval of the Fertilizer Facility which gives us an additional instrument.

902. For our part we will work with the other MDBs and donors so that there is a coordinated response which draws on the strengths and expertise of each. We will coordinate also in deepening our analysis of the impact country by country, and in the advice we provide. We must be guided by the lessons of the past. We should not again do those things that failed before. I want us to showcase such complementarities at the Accra High Level Forum; who will do what in each area, from providing inputs, to access to credit, to community support, through rural roads, post-harvest facilities, to the strengthening of institutional capacity in Ministries of Agriculture. This Bank will continue to do those things that we can do best.

Fragile States

903. As clearly indicated in the High-Level Committee report, the Bank has a special role to play in Fragile States and Post Conflict Countries. The food crisis has further highlighted the importance of our commitment. I wish to thank the Governor for the Netherlands for organizing a very fruitful seminar on the regional dimension of Fragile States. It is useful for the Ministers to tell us themselves the challenges that they face. I am convinced that we need to rapidly and effectively implement our policy on Fragile States so as to produce concrete results on the field and help the countries to build their capacities on the longer term.

Middle Income Countries

904. One of the messages that I got from the High-Level Panel is that the Bank should continue to play a key role for all the regional member countries. This does not always mean only lending to the countries, but also making commitments that will help it to pursue its own development programme. I take the message that we need to be more flexible, more creative, and at the same, take every country into account. In this respect, I have requested that our approach concerning the middle income countries should be considered more deeply.

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Delivery and Results

905. I have taken careful note that whilst we have had enthusiastic endorsement of our strategy, you now expect us to deliver results. I agree absolutely and I am content to be held to account. I am putting in place arrangements which will ensure greater coherence across the Bank that we focus on priorities, track performance and manage for results. I am confident that by the time we meet next year we will be able to report progress. We will continue decentralization with prudence and will further empower country offices. Decentralization is an exercise not without its risks and we will therefore continue to balance prudence with speed.

Other Key Deliverables

906. Let me also mention some of the other areas in which I know you expect, and we intend to make progress before we meet again. This includes: i) implementation of the gender action plan; ii) mainstreaming climate change with a focus adaptation; and iii) conducting a skills gap audit with the view to strengthening our delivery capacity.

Mr. Chairman, Excellencies, Ladies and Gentlemen,

907. This has been a very good year for the Bank. I hope when we meet next year, I can report even greater progress.

908. Let me close and wish you all safe journey back home and, see you all in Dakar, Senegal, in May next year.

Thank you for your kind attention.

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Installation of the New Bureau of the Boards of Governors

909. At the invitation of the Out-going Chairperson of the Boards of Governors, members of the in-coming Bureau made up of Senegal, Norway, and Guinea took seats on the podium in their respective capacities as Chairperson, First Vice-Chairperson and second Vice- Chairperson.

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910. REMARKS BY THE IN-COMING CHAIRPERSON OF THE BOARDS OF GOVERNORS

Mr. ABDOULAYE DIOP

Chairman of the Boards of Governors, President of the Bank Group, Honourable Governors

911. I would like to impress upon you how much my country, Senegal, feels honoured by your proven mark of confidence and friendship in deciding to hold your meetings in Dakar next year. Please accept my sincere expression of gratitude.

912. I also wish to inform you that the Government and people of Senegal are mobilized to extend a very warm reception to you. We have already started working in collaboration with the President of the Bank to ensure that the best working conditions are provided. I am therefore inviting you all to Dakar in 2009 and I wish you safe trip back to your respective countries. Thank you very much for this token of confidence and friendship.

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CLOSING STATEMENT BY THE OUT-GOING CHAIRPERSON OF THE BOARDS OF GOVERNORS

H.E. Mr. AIUBA CUERENEIA

Honourable Governors of the African Development Bank Group, The President of the African Development Bank, Executive Directors, Distinguished Delegates, Distinguished Guests, Ladies and Gentlemen

913. As Chairman of the Board of Governors, I have the great honour to close the 43rd Meeting of the African Development Bank Group and 34th Meeting of the African Development Fund today. During these five days of work, the nation of Mozambique has had the opportunity to witness, for the first time on our native soil, the hosting of this important and memorable event.

914. This meeting has taken place within a context of deep reflection and exchange of experiences on a number of issues facing Africa and the world. Here I would like to mention the fruitful reflection and discussions in the High Level Seminars and the Ministerial Round Table, as well as the reflection on our Bank’s operations.

915. The meeting was equally honoured by the presence of African Leaders who thereby indicated their high level of respect, trust and commitment to the challenges faced by our financial institution.

916. We would like to congratulate the Governors of the African Development Bank Group for the enormous work they have done towards building this great African Financial Institution.

917. We also acknowledge the active participation of Governors and delegates in the discussions and recommendations, which will enable the Bank to effectively meet the needs of our beautiful continent.

Ladies and Gentlemen,

918. It was also with great appreciation that we have received the reports from the Joint Coordination Committee and the Governors’ Consultative Committee, as well as the statements made by the Governors.

919. There were also some discussions which highlighted the importance of continuously prioritising infra-structure; in particular, the promotion of sustainable agricultural development which lays emphasis on the production of food and greater access to markets.

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920. We commend the Bank for its appropriate identification of intervention areas in the Medium Term Strategies and, in particular, the Bank’s commitment to supporting African countries to foster agricultural production and reverse the current global food crisis.

921. We would also like to welcome Turkey to our big family: the African Development Bank Group.

922. We praise the decision of the Nigerian Government to extend the Nigerian Trust Fund (NTF), which supports the development efforts of Regional Member States.

923. We would also like to wish success to the African Development Bank Group, its President, Mr. Donald Kaberuka, the new President of the Board of Governors, Mr. Diop Abdoulaye, Minister of the Economy and Finance of Senegal, the Vice-Chairmen of Norway and Guinea Conakry, and the Joint Board of Directors.

Ladies and Gentlemen,

924. This session has taken place within a healthy and warm environment. We would like to express our appreciation and gratitude to the Municipality of the City of Maputo, the Organizing Committee, the Secretary, those involved in the preparation of documents and all support staff: protocol, security, drivers, translators, media delegates and sound technicians, amongst others. We commend you for the quality of services provided and for the care and dedication shown in carrying out your tasks.

925. I hope that our distinguished Governors and participants who do not need to return home immediately can continue to enjoy the wonders of our country, in particular the city of Maputo. For those who are leaving the country tomorrow and everyone else, I wish you a safe journey back home. I look forward to seeing you again at our next annual meetings in Dakar, Senegal.

926. I hereby declare the 2008 Annual Meetings of the African Development Bank Group closed.

The meeting rose at 6:30 p.m.

174 ANNEXES

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND Board of Governors Board of Governors Forty-Third Annual Meeting Thirty-Fourth Annual Meeting

MAPUTO, 14 and 15 May 2008 MAPUTO, 14 and 15 May 2008

OFFICIAL RECORD

1 The Forty-Third Annual Meeting of the Board of Governors of the African Development Bank (ADB) and the Thirty-Fourth Annual Meeting of the African Development Fund (ADF) were held jointly on 14 and 15 May 2008 at the Joaquim Chissano International Conference Center in Maputo, Mozambique, under the chairmanship of His Excellency Mr. Aiuba CUERENEIA, Chairperson of the Boards of Governors and Governor for Mozambique. The Annual Meetings were opened in the presence of Mr. Donald KABERUKA, President of the African Development Bank Group. 1.1 The 2008 Annual Meetings were attended by about 1,500 participants, comprising Governors, Alternate Governors, members of the Boards of Directors, Delegates, Staff and Observers. 1.2 The Meetings were preceded on Sunday, 11 May 2007, by a thematic seminar on “Aid Effectiveness” and the presentation of the 2007 African Development Report. Other key events organized within the framework of the Annual Meetings included the financial presentation, the seminar on rural financing and the Ministerial Round Table on “Fostering Shared Growth: Urbanization, Inequality and Poverty in Africa”. Related high-level seminars held included: (i) “Cities and Growth Poles: Implications for Rural Development”, (ii) “Financing Urban Development”, (iii) “Decentralization and Urban Governance”, and (iv) “Upgrading Informal Settlements in African Cities”. Also, a working lunch was organized on Wednesday, 14 May 2008, to consider the “Regional Dimensions of Fragile States”.

OPENING CEREMONY 2. The formal opening ceremony was held in the main Conference Hall of the Joaquim Chissano International Conference Center in Maputo, Mozambique, on Wednesday, 14 May 2008, with His Excellency Armando GUEBUZA, President of Mozambique, chairing. His Excellency Denis SASSOU NGUESSO, President of the Republic of Congo, was also present. 2.1 In his address, Mr. Eneas COMICHE, Mayor of Maputo, welcomed the delegations to the historic city of Maputo and expressed the hope that at the end of their deliberations, they would have time to visit tourist attractions in the city and elsewhere in the country. In his view, the Bank Group’s Annual Meetings in Maputo came at an opportune moment, as they coincided with the commencement of the urban development program aimed at improving the quality of living in the agglomeration and strengthening Maputo’s human, financial and institutional capacities, in order to live up to its reputation as a city of vision. 2.2 His Excellency Mr. Aiuba CUERENEIA, Chairperson of the Boards of Governors and Governor for Mozambique, extended a very warm welcome to his peers, their respective delegations and all other participants in the Annual Meetings. He acknowledged the presence of the former President of Mozambique, His Excellency Mr. Joaquim

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

CHISSANO as well as the former Presidents of the African Development Bank, Messrs. Kwame Fordwor, Willa Mung’omba, Babacar N’Diaye and Omar Kabbaj who had accepted the Bank’s invitation to attend the meeting. He was particularly honoured by the presence of two heads of state, His Excellency Mr. Denis SASSOU-NGUESSO, President of the Republic of Congo, and His Excellency Mr. Armando Emilio GUEBUZA, President of the Republic of Mozambique. Their presence was a source of inspiration and encouragement for the Bank’s Management as well as a mark of confidence in the institution. 2.3 His Excellency Mr. CUERENEIA underlined the personal involvement of the President of Mozambique in the preparations for the 2008 Bank Group Annual Meetings, even though they were being held in the difficult global socio-economic context of dramatic increases in food and oil prices with their negative impact on the development efforts of regional member countries. Given those circumstances, the Governor felt that the Bank should adopt innovative measures to assist regional member countries to meet the challenges by accelerating the ongoing process of effective decentralization of its operational activities and positioning itself as the regional development finance institution of choice. 2.4 In his statement, Mr. Donald KABERUKA, President of the Bank Group expressed his gratitude to the Government and people of Mozambique for the successful hosting of the Annual Meetings. The High Level Panel of Eminent Persons had produced an optimistic and ambitious vision for the Bank to operate as a strong and efficient development bank, and not solely as an aid conduit. The Medium-Term Strategy for 2008-2012 spelled out a shared and sustained growth strategy for regional member countries. They could therefore count on the Bank Group as a reliable partner, given its solid financial base coupled with its determination to become more focused and selective in its operations. The ADB President assured the Bank’s shareholders that efforts in making the Institution more accountable for greater quality and responsiveness were bearing fruit. The Bank had taken decisive steps to ensure greater institutional and operational integrity, transparency, accountability and information disclosure and to decentralise its operational activities. A recent study had also shown that the Bank Group had significant unused risk capital.

2.5 The President expressed gratitude to State participants of the Fund for the substantial increase in the resources of the ADF under the eleventh replenishment exercise (ADF- 11). In his view, the Post-Conflict Country Facility was a sound innovation and the establishment of the Fragile States Facility was a welcome enhancement. Provision of safe water would make a significant contribution to enable regional member countries to attain the Millennium Development Goals (MDGs). The expansion in 2007 in Bank Group private sector operations, its investments in middle-income countries and its commitment to boosting infrastructural development for the enhancement of regional integration, were strong signals that the Bank Group is determined to focus on areas that could accelerate growth.

2.6 As for the food crisis, the President pointed out that the role of multilateral development banks must include support for long-term issues of food security. In that context, he felt that that there must also be greater private investment in sectors that could impact on food production, distribution and marketing. He emphasized the need for a greater role for the State as well.

OFFICIAL RECORD Page 2 AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

2.7 In his intervention, His Excellency Denis SASSOU NGUESSO, President of the Republic of the Congo focused on four challenges to Africa: the energy crisis, the sudden rise in food prices, increasingly accelerating urbanization and increased poverty. Africa must strive for sustainable energy production, and national and regional projects must produce and transport electricity through networks and interconnections. Governments and financial institutions had the obligation to promote food security in order to consolidate peace on the continent through credits for agriculture, increased food production, promotion of efficient agricultural practices and the financing of infrastructure for marketing farm products. Accelerating Urbanization could hinder development in Africa, and anarchical development of cities produced disruptive and harmful effects. Good governance promoted sustainable growth and preserved the environment.

2.8 In his opening statement, His Excellency Armando GUEBUZA, President of the Republic of Mozambique, emphasized the importance of massive public investment for the development of African countries. He emphasized that this accounted for his Government’s support for the Bank Group’s strategic focus on infrastructure, education, health and the empowerment of the rural population. He underlined the participative approach to rural development with the effective involvement of the beneficiaries for enhanced ownership of programs financed by the Bank Group. He welcomed the positive impact of the Bank Group financed programs on the development efforts of his country and made an appeal to the international community to assist the African countries to attain the millennium development goals.

2.9 Concluding, the President of the Republic of Mozambique declared the meeting open and wished Governors success in their deliberations.

CONSIDERATION OF AGENDA ITEMS

3 The Rapporteur, the Governor for the Republic of Congo, read out the Report of the Joint Steering Committee of the Boards of Governors of the African Development Bank and the African Development Fund, which met on Monday, 12 May 2008, at the Joaquim Chissano International Conference Center in Maputo, Mozambique.

3.1 The Boards of Governors thanked the Governor for Congo for the report, and noted that the United States of America opposed the proposals in the report concerning the allocation proposals from the Net Income of the Bank in favour of the Middle Income Countries’ Trust Fund and the African Fertilizer Financing Mechanism, as well as the proposal concerning the Bank’s administration and Management of the Resources of the Special Fund for Reconstruction and Development (SFRD) of the Great Lakes Region (GLR) 3.2 The Boards of Governors then recalled the Joint Steering Committee’s recommendation that allocations should be made from the Surplus Account in appropriate amounts to provide assistance to regional member countries faced with food crisis and escalating prices of crude oil as well as the request that the President of the Bank and the Board of Directors study the matter and submit proposals to the Boards of Governors for consideration. 3.3 Furthermore, the Boards of Governors noted the opposition of France to the proposal for amendment of the procurement provisions contained in the Agreement establishing the African Development Fund.

OFFICIAL RECORD Page 3 AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

3.4 The Boards of Governors approved the recommendations put forward by the Committee and adopted the relevant resolutions. Report of the Governors Consultative Committee (GCC) 3.5 The Boards of Governors considered and approved at their third joint session held on 15 May 2008, the Report of the Governors’ Consultative Committee (GCC), as well as the related recommendations concerning the documents mentioned below : • Consolidated Assessment of the Host Country and Review of the Temporary Relocation Period • Review of the Terms of Reference of the Steering Committee for the Election of the President and the Eligibility Criteria for Candidatures for the Office of the President of the Bank • Resolution regarding the Application of the Code of Conduct for Executive Directors of the African Development Bank and the African Development Fund to the President of the Bank • Recommendations on the Report of the High Level Panel Report of the Steering Committee for the Election of the President concerning the Review of the Procedure for Internal Candidatures for the Election of the President of the African Development Bank 3.6 The Boards of Governors considered and approved the above report and the relevant recommendations at their third session held on 15 May 2008. Other Business

3.7 Under “Other Business”, the Board of Governors took note of the request by the Governor for Egypt and supported by several other Governors to extend the deadline on the postal ballot concerning the revision of the conditions of service and remuneration package of the Executive Directors of the Bank. The Board of Governors therefore decided to extend the said deadline to 31 May 2008.

RESOLUTIONS ADOPTED

3.8 The Resolutions and vote of Thanks adopted are contained in Annex 1 of this and they concern the following issues:

(i) Dates and Venue of the next Annual Meetings; (ii) By-Election of Executive Directors; (iii) Temporary Relocation of the Operations of the African Development Bank to the Temporary Relocation Agency in Tunis, Tunisia; (iv) Participation of Turkey in the African Development Fund and Accession of Turkey to the African Development Bank; (v) Annual Report, Audited Financial Statements, Allocation and Distribution of Part of the Net Incomes for the Financial Year Ended 31 December 2007;

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(vi) Application of the Code of Conduct of Executive Directors to the President of the Bank Group; (vii) Extension of the Duration of the Nigeria Trust Fund; (viii) Administration and Management of the Financial Resources of the Special Fund for Reconstruction and Development of the Great Lakes; (ix) Amendment of Article 15 (4) of the Agreement Establishing the African Development Fund concerning Procurement; (x) Votes of Thanks in favour of several Personalities and governing bodies, particularly, His Excellency Armando Emilio GUEBUZA, President of the Republic of Mozambique, His Excellency Denis SASSOU NGUESSO, President of the Republic of Congo, Her Excellency Luisa DIOGO, Prime Minister of the Republic of Mozambique and Mr. Eneas COMICHE, Mayor of Maputo; the outgoing Chairperson, the Bureau, the Joint Steering Committee, the Steering Committee on the Election of the President and the Governors’ Consultative Committee; the Inter- Ministerial Committee of the Republic of Mozambique for Major National and International Events (CIGENI); and the Boards of Directors, Management and Staff of the Bank.

SUMMARY OF THE KEY POINTS OF GOVERNORS’ STATEMENTS

4 The Governors individually expressed their strong appreciation to the Government and people of the Republic of Mozambique for the hospitality and warm welcome given them. 4.1 The Governors stressed that the 2008 Annual Meetings were being held in a context marked by a sudden rise in the price of oil and a record rise in the price of food, which had created tensions in the economies of countries in Africa. They also stressed the need to mobilize quickly and for the international community to carry out coordinated activities in order to provide African countries with the assistance required at this crucial time. They welcomed the urgent measure planned by the Bank to provide an appropriate response to that situation. The Governors also pointed out that 2008 was half way towards the achievement of the Millennium Development Goals and that much remained to be done in order for the African countries to achieve those goals. That was why, while expressing satisfaction at the implementation of the Bank's institutional reforms in order to allow it to have a greater impact on the development of the regional member countries, the Governors stressed the areas on which the institution must be reinforced in order to deliver the expected results. 4.2 The Governors expressed their support for the Bank’s approach towards greater selectivity by focussing on infrastructure, regional integration and good governance. They also called for suitable attention to be given to health, education and agriculture as well as greater emphasis on gender issues; increased attention to climate change with a strong accent on combating deforestation through the development of clean energies; the mobilization of resources to provide priority budgetary support to countries in need by establishing objective criteria for allocation together with the other multinational partners such as the IMF; initiating reflection on the creation of an instrument for quick reaction to exogenous shocks; rationalization of regional economic communities (RECs); an increase in private sector operations because that was the sector that created employment

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and resources; enhancement of the delegation of authority to country offices; the strengthening of systems and reinforcement of the Bank staff's capacities by identifying gaps in order to redeploy them to positions where they would be more effective. 4.3 The Governors welcomed the conclusions of the High Level Panel, which had provided a strategic vision for the Bank that was shared by all partners. They also expressed satisfaction at the record level of the eleventh replenishment of the resources of the ADF (ADF-11). 4.4 They welcomed the reinforcement of peace, reconciliation and stability in Cote d’Ivoire, the Bank's host country, and expressed the desire that the calendar set could be respected in order to facilitate the orderly return of the Bank's operations to its headquarters in Abidjan. They also took the opportunity to thank Tunisia for hosting the Bank's Temporary Relocation Agency since 2003 and for all the measures taken by that country to enable the Bank to carry out its operations in the best possible conditions. 4.5 The Governors also congratulated Turkey for the adoption of the Resolution on its membership of the Bank Group, becoming the 78th member of the Bank Group. They also took note of the appreciation of the Governor for Turkey, who stated that the Government of Turkey would not spare any effort to make a significant contribution to the development efforts of the Continent. 4.6 The Governors commiserated with the Government and people of China following the earthquake that occurred in the Sichaun Province in China. On behalf of the Boards of Governors, the Chairperson of the Boards of Governors conveyed a message of solidarity and support to the people of China in this difficult situation. 4.7 In conclusion, the Governors welcomed the considerable progress made by the Bank as well as the good financial results obtained during the 2007 financial year. They urged the management team to continue to position the Bank as the financial institution of reference for the development of Africa. They were confident that the Bank Group could meet that new challenge. They reiterated their confidence and support for the Bank and its President.

Kordjé BEDOUMRA Secretary-General

OFFICIAL RECORD Page 6 ANNEXES

Annex 1 Resolutions adopted at the 2008 Annual Meetings

Annex 2 Report of the meeting of the Joint Steering Committee, held on 12 May 2008

Annex 3 Report of the Steering Committee on the Election of the President of the Bank, held on 12 May 2008

Annex 4 Report of the eighth meeting of the Governors’ Consultative Committee, held on 13 May 2008

Annex 1

List of Resolutions adopted

(I) Resolutions Page

(i) Dates and Venue of the Forty-Fourth Annual Meeting of the Board of Governors of the Bank and the Thirty-Fifth Annual Meeting of the Board of Governors of the Fund (B/BG/2008/03 – F/BG/2008/02); 1 (ii) By-Election of Executive Directors of the African Development Bank (B/BG/2008/04); 2 (iii) Selection of Executive Directors of the African Development Fund (F/BG/2008/03); 4 (iv) Temporary Relocation of the Operations of the African Development Bank to the Temporary Relocation Agency in Tunis, Tunisia: Twelve (12)-Month Review of the Temporary Relocation Period (B/BG/2008/05); 5 (v) Temporary Relocation of the Operations of the African Development Bank to the Temporary Relocation Agency in Tunis, Tunisia: Twelve (12)-Month Review of the Temporary Relocation Period (F/BG/2008/04); 7 (vi) Accession of the Republic of Turkey to the Agreement Establishing the African Development Bank (B/BG/2008/06); 9 (vii) Participation of Turkey in the African Development Fund (F/BG/2008/05); 11 (viii) Authorization of a Special Capital Increase (B/BG/2008/07); 12 (ix) Annual Report and Audited Financial Statements for the Financial Year Ended 31 December 2006 (B/BG/2008/08); 13 (x) Allocation and Distribution of Part of the Net Income of the African Development Bank for the Financial Year Ended 31 December 2007 using Allocable Income as the Basis of Allocation and Distribution (B/BG/2008/09); 14 (xi) Distribution of the Net Income of the Nigeria Trust Fund for the Financial Year Ended 31 December 2007 (B/BG/2008/10); 16 (xii) Application of the Code of Conduct for Executive Directors of the African Development Bank and the African Development Fund to the President of the Bank Group (B/BG/2008/11); 17 (xiii) Extension of the Duration of the Nigeria Trust Fund (B/BG/2008/12); 19 (xiv) The Administration and Management of the Financial Resources of the Special Fund for Reconstruction and Development of the Great Lakes (B/BG/2008/13); 21 (xv) Annual Report and Audited Special Purpose Financial Statements for the Financial Year Ended 31 December 2007 (F/BG/2008/06); 22 (xvi) Amendment of Article 15 (4) of the Agreement Establishing the African Development Fund concerning Procurement (F/BG/2008/07); 23

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

(II) Votes of Thanks (i) Vote of Thanks of the Boards of Governors to the outgoing Chairperson, the Bureau, the Joint Steering Committee, the Steering Committee on the election of the President and the Governors’ Consultative Committee (B/BG/2008/14 – F/BG/2008/08); 24 (ii) Vote of Thanks of the Boards of Governors to His Excellency Armando Emilio GUEBUZA, President of the Republic of Mozambique, Her Excellency Luisa DIOGO, Prime Minister of the Republic of Mozambique and Mr. Eneas COMICHE, Mayor of Maputo (B/BG/2008/15 – F/BG/2008/09); 25 (iii) Vote of Thanks of the Boards of Governors to His Excellency. Denis SASSOU NGUESSO, President of the Republic of Congo (B/BG/2008/16 – F/BG/2008/10); 26 (iv) Vote of Thanks of the Boards of Governors to Inter-Ministerial Committee of the Republic of Mozambique for Major National and International Events (CIGENI) (B/BG/2008/17 – F/BG/2008/11); 27 (v) Vote of Thanks of the Boards of Governors to the Boards of Directors, Management and Staff (B/BG/2008/18 – F/BG/2008/12). 28

OFFICIAL RECORD Page 2

Annex 1

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

BOARDS OF GOVERNORS

FORTY-THIRD ANNUAL THIRTY-FOURTH ANNUAL MEETING OF THE ADB MEETING OF THE ADF

MAPUTO, REPUBLIC OF MOZAMBIQUE 14 AND 15 MAY 2008

RESOLUTIONS ADOPTED AT THE 2008 ANNUAL MEETINGS

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

BOARDS OF GOVERNORS

Resolution B/BG/2008/03– F/BG/2008/02

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank (the "Bank") and the Thirty-Fourth Annual Meeting of the African Development Fund (the "Fund"), on 15 May 2008

Dates and Venue of the Forty-Fourth Annual Meeting of the Board of Governors of the Bank and the Thirty-Fifth Annual Meeting of the Board of Governors of the Fund (2009)

THE BOARDS OF GOVERNORS,

HAVING REGARD to Article 31(1) of the Agreement establishing the Bank and Article 25(1) of the Agreement establishing the Fund;

HAVING CONSIDERED:

(i) Resolution B/BG/92/07 concerning the venue of Annual Meetings;

(ii) Document ADB/BG/WP/2008/17 - ADF/BG/WP/2008/09 (the "Proposal") on the Dates and Venue of the Forty-Fourth Annual Meeting of the Board of Governors of the Bank and the Thirty-Fifth Annual Meeting of the Board of Governors of the Fund, (collectively, the "2009 Annual Meetings");

(iii) The invitation of the Government of the Republic of Senegal, expressing its desire to host the 2009 Annual Meetings in Dakar, Senegal; and

(iv) The recommendation of the Boards of Directors contained in the Proposal;

RESOLVE to hold the 2009 Annual Meetings in Dakar, Senegal, from 13 to 14 May 2009.

AFRICAN DEVELOPMENT BANK

BOARD OF GOVERNORS

Resolution B/BG/2008/04

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank, on 14 May 2008

By-election of Executive Directors of the African Development Bank

THE BOARD OF GOVERNORS,

HAVING REGARD to:

1. The Agreement Establishing the African Development Bank (the "Bank Agreement"), in particular Articles 29(1) (Board of Governors: Powers), 33(1) (Board of Directors: Composition), 35(3) (Voting), and Annex B to the Bank Agreement, containing the Rules of Procedure Governing the Election of the Members of the Board of Directors of the African Development Bank (the "Bank");

2. The Rules for the Election of Executive Directors of the African Development Bank; and

3. The maximum term limits for members of the Board of Directors of the Bank, set forth in Article 33(4) of the Bank Agreement;

RECALLING Resolution B/BG/2007/06 adopted by this Board on 16 May 2007, on the General Election of Executive Directors of the Bank;

NOTING that Governors have nominated only one candidate for each electoral seat, and that each of the said candidates is duly qualified to discharge the functions of Executive Director of the Bank;

DECLARES that the persons, whose names appear below in the order of magnitude of the total shareholding that counted towards their election, are duly elected as members of the Board of Directors of the Bank, with effect from the date specified for that purpose:

Countries Voting Represented * Power** Executive Director Date of Assumption

of Duty

Mr. Abdelhak BENALLEGUE Algeria 3.786 29 April 2008 Guinea Bissau 0.055 Madagascar 0.668 Total 4.509

Mr. Abdul-magid GADAD Libya 3.637 10 September 2008*** Mauritania 0.173 Somalia 0.116 Total 3.926

Ms Birgit GERHARDUS Germany 4,078 15 August 2008 Portugal 0,264 United Kingdom 1,680 The Netherlands 0,854 Total 6,876

Mr. Clay LOWERY United States 6.361 …. 2008***

Mr. Bruce MONTADOR Canada 3.718 15 September 2007 China 1.126 Korea 0.467 Kuwait 0.467 Spain 1.069 Total 6.847

DECIDES for the purpose of the present by-election of the Board of Directors, to waive the requirement, that no person who receives less than six (6) per cent of the total voting power of regional members shall be considered as elected.

(1) * The Executive Director’s country of origin is underlined. (2) ** ADB Voting powers as at 31st March 2008. (3) *** Exact date to be confirmed.

AFRICAN DEVELOPMENT FUND

BOARD OF GOVERNORS

Resolution F/BG/2008/03

Adopted at the First Sitting of the Thirty-Fourth Annual Meeting of the African Development Fund , on 14 May 2008

Selection of Executive Directors of the African Development Fund

THE BOARD OF GOVERNORS,

HAVING REGARD to: (i) the relevant provisions of the Agreement Establishing the African Development Fund (the "Fund Agreement"), in particular Articles 23(1) (Board of Governors: Powers), 27 (Board of Directors: Composition) and 29 (Voting); and (ii) Annex B of the Fund Agreement;

RECALLING Resolution F/BG/2007/05, adopted by this Board on 16 May 2007 on the Selection of Executive Directors for the African Development Fund (the "Fund");

NOTING that the following persons have been duly selected as members of the Board of Directors of the Fund;

HEREBY CONFIRMS the said selection, as indicated below, with effect from the date of his/her assumption of duty:

Countries Voting Represented* Power** Executive Director Date of Assumption

of Duty

Mrs. Birgit GERHARDUS Germany 4.963 15 August 2008 Portugal 0,381 United Kingdom 2,965 The Netherlands 1,761 10,071

Mr. Clay LOWERY United States 6.347 … 2008***

Mr. Bruce MONTADOR Canada 3.966 15 September 2007 China 0.906 Korea 0.408 Kuwait 0.565 Spain 0.996 Total 6.842

NB: (1) * The Executive Director’s country of origin is underlined. (2) ** ADF Voting powers as at 31st March 2008.

AFRICAN DEVELOPMENT BANK

BOARD OF GOVERNORS

Resolution B/BG/2008/05

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank, on 14 May 2008

Temporary Relocation of the Operations of the African Development Bank to the Temporary Relocation Agency in Tunis, Tunisia: Twelve (12)-Month Review of the Temporary Relocation Period

THE BOARD OF GOVERNORS,

HAVING REGARD to: (i) the Agreement Establishing the African Development Bank (the "Bank"), in particular Articles 1 (Purpose), 2 (Functions), 29 (Board of Governors: Powers); 32 (Board of Directors: Powers), 37 (The Office of the President), and 39 (Office of the Bank); (ii) the General Regulations of the Bank, in particular Article 4 (Powers, Functions and Responsibilities of the Board of Directors and the President); and (iii) the Terms of Reference of the Governors’ Consultative Committee (GCC);

RECALLING:

(i) Resolution B/BD/2002/09-F/BD/2002/08, adopted on 27 February 2002 by the Boards of Directors of the Bank and the African Development Fund (the "Fund"), confirming the selection of Tunisia as the Regional Member Country to host the Temporary Relocation Agency for the African Development Bank Group (TRA);

(ii) Resolution B/BD/2003/03-F/BD/2003/02, adopted on 19 February 2003 by the Boards of Directors of the Bank and the Fund, authorizing the temporary relocation of operations of the Bank to the TRA;

(iii) Resolution B/BG/2003/02-F/BG/2003/02, adopted on 30 April 2003 by the Boards of Governors of the Bank and the Fund, authorizing the temporary relocation of the Boards of Directors of the Bank and the Fund to the TRA; and

(iv) Resolution B/BG/2003/04, adopted by this Board on 3 June 2003, fixing the timeframe of the temporary relocation of operations to the TRA as twenty-four (24) months from 3 June 2003 (the "Temporary Relocation Period"), and providing the related review process of the Temporary Relocation Period as well as the required notice period for an orderly and planned return of the Bank’s operations to its Headquarters;

FURTHER RECALLING the decisions of this Board since 2005 with the most recent being Resolution B/BG/2007/07 adopted on 16 May 2007, by which this Board resolved, inter alia, that the situation in the Host Country of the Headquarters was not yet conducive for a return of the operations of the Bank to its Headquarters, and therefore extended the Temporary Relocation Period for another twelve (12)-month period;

HAVING CONSIDERED:

(i) The Report of the eighth meeting of the GCC, in particular the recommendations contained therein regarding the Temporary Relocation Period; and

(ii) The importance of ensuring the safety and welfare of the Officers and Staff of the Bank, as well as preserving the effective functioning of the Bank while consolidating the gains accomplished thus far;

HEREBY:

(i) Reaffirms that the Headquarters of the Bank shall remain in Abidjan, Côte d’Ivoire;

(ii) Takes note of the progress made by the Host Country towards achieving peace and stability, but decides that the situation in the Host Country is not yet conducive for an immediate return of the operations of the Bank to its Headquarters;

(iii) Extends the Temporary Relocation Period for twelve (12) months from 3 June 2008;

(iv) Directs the Board of Directors to closely monitor the situation in the Host Country in accordance with the following: (a) the normalization of the political and security situation; and (b) the existence of the basic facilities and infrastructure necessary for the effective operations of the Bank;

(v) Further directs the GCC to meet at an appropriate date before the 2009 Annual Meetings to provide guidance to the Board of Governors on the issues referred to in paragraph (iv) above relating to the Bank’s return to Abidjan and anything else judged relevant, and to recommend a decision to be taken by the Board of Governors at the 2009 Annual Meetings;

(vi) Decides that there shall be a twelve (12)-month notice period, to ensure proper planning and orderly return of the operations of the Bank to its Headquarters after a final decision is taken by the Board of Governors; and

(vii) Authorizes the Board of Directors and the President to take such administrative measures, as may be necessary or expedient for the implementation of this Resolution, having regard to the functions and powers of the Board of Directors and the President, as set out in the Agreement establishing the Bank, the General Regulations, and other subsidiary instruments of the Bank.

AFRICAN DEVELOPMENT FUND

BOARD OF GOVERNORS

Resolution F/BG/2008/04

Adopted at the First Sitting of the Thirty-Fourth Annual Meeting of the African Development Fund , on 14 May 2008

Temporary Relocation of the Operations of the African Development Bank to the Temporary Relocation Agency in Tunis, Tunisia: Twelve (12)-Month Review of the Temporary Relocation Period

THE BOARD OF GOVERNORS,

HAVING REGARD to: (i) the Agreement Establishing the African Development Fund (the "Fund"), in particular Articles 2 (Purpose), 23 (Board of Governors: Powers); 26 (Board of Directors: Functions), 30 (The President), 31 (Relationship to the Bank); and 32 (Office of the Fund); and (ii) the General Regulations of the Fund, in particular Article 4 (Delegation of Powers);

RECALLING:

(i) Resolution B/BD/2002/09-F/BD/2002/08, adopted on 27 February 2002 by the Boards of Directors of the African Development Bank (the "Bank") and the Fund, confirming the selection of Tunisia as the Regional Member Country to host the Temporary Relocation Agency for the African Development Bank Group (TRA);

(ii) Resolution B/BD/2003/03-F/BD/2003/02, adopted on 19 February 2003 by the Boards of Directors of the Bank and the Fund, authorizing the temporary relocation of operations of the Bank to the TRA;

(iv) Resolution B/BG/2003/04, adopted by the Board of Governors of the Bank on 3 June 2003, during the 2003 Annual Meetings, fixing the timeframe for the temporary relocation of operations of the Bank as twenty-four (24) months from 3 June 2003 (the "Temporary Relocation Period"), and the concurrence of this Board, with the decisions contained in that Resolution, as indicated in its Resolution F/BG/2003/04, adopted on 3 June 2003;

FURTHER RECALLING:

(i) The decisions of the Board of Governors of the Bank, since 2005 with the most recent being Resolution B/BG/2007/07 adopted on 16 May 2007, by which that Board resolved, inter alia, that the situation in the Host Country of the Headquarters was not yet conducive for a return of the operations of the Bank to its Headquarters, and therefore extended the Temporary Relocation Period for another twelve (12)-month period; and the concurrence of this Board, with such decisions; and

(ii) Resolution B/BG/2008/06 adopted on 15 May 2008 by the Board of Governors of the Bank concerning the twelve (12)-month review of the Temporary Relocation Period (the "2008 Temporary Relocation Period Resolution");

HAVING CONSIDERED:

(i) The Report of the eighth meeting of the Governors’ Consultative Committee of the Bank, in particular the recommendations contained therein regarding the Temporary Relocation Period; and

CONCURS with the decision of the Board of Governors of the Bank, as set out in the 2008 Temporary Relocation Period Resolution;

AUTHORIZES the Board of Directors and the President to take such administrative measures, as may be necessary or expedient for the implementation of this Resolution, having regard to the functions and powers of the Board of Directors and the President, as set out in the Agreement establishing the Fund, the General Regulations, and other subsidiary instruments of the Fund.

AFRICAN DEVELOPMENT BANK

BOARD OF GOVERNORS

Resolution B/BG/2008/06

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank on 14 May 2008

Accession of the Republic of Turkey to the Agreement Establishing the African Development Bank

THE BOARD OF GOVERNORS,

HAVING REGARD to: (i) Articles 3(3), 5, 6(1), and 7 of the Agreement Establishing the African Development Bank (the "Bank Agreement"); to (ii) Article 13 of the Bank’s General Regulations; and the General Rules Governing the Admission of Non-Regional Countries to the Bank adopted by Resolution 07-79 of this Board, as amended;

CONSIDERING: (i) the Declaration of Intent presented by the Government of the Republic of Turkey to the Bank dated 14 February 2008, by which the said Government confirmed its decision to seek membership of the Bank; and (ii) the Report of the Board of Directors (Doc. ADB/BG/WP/2008/02) on the exchange of views and negotiations with the Government of the Republic of Turkey;

WELCOMING the said Declaration of Intent;

RECALLING Resolution F/BG/200802 adopted on 15 May 2008 by the Board of Governors of the African Development Fund pursuant to which that Board granted the application of the Republic of Turkey to become a State participant in the Fund;

DESIROUS, for its part, of aiding the Republic of Turkey to become a member of the Bank at the earliest opportunity;

RESOLVES that the Republic of Turkey shall become a member of the Bank on the following terms:

1. The Republic of Turkey shall initially subscribe to 6,779 Shares of the capital stock of the Bank; such shares to consist of 407 paid-up shares and 6,372 callable shares to be issued at par;

2. The payment of the amount initially subscribed to the paid-up capital stock shall be made in eight (8) equal annual installments; the first of which shall be paid by the Republic of Turkey on or before the date it deposits its Instrument of Accession;

3. The second and subsequent installments payable under this Resolution shall fall due on the anniversary dates of the payment made in the first year;

4. At the option of the Republic of Turkey, payment for the paid-up portion of its subscription shall be made on either of the following terms:

i. 13,077.70 Euro or 12,063.50 US dollars per share; or

ii. 10,000 SDR per share in any of the currencies used for the valuation of the SDR, with the SDR being translated into currencies at the average of the conversion rates (rounded up to six digits) prevailing during the 30-day period ending seven (7) days before the date of subscription in the case of the first payment, and seven (7) days before the date of payment in the case of subsequent payments;

5. All other conditions of subscription shall, except to the extent of any inconsistency with the provisions of this Resolution, be as set out in Resolution B/BG/98/05 authorizing the Fifth General Capital Increase (GCI-V) adopted on 29 May 1998;

AUTHORIZES the Board of Directors to complete the Bank’s internal formalities for admitting Turkey to membership of the Bank, as soon as the Republic of Turkey shall have declared itself ready to complete the formalities provided in Article 3(3) of the Bank Agreement and in the General Rules Governing the Admission of Non-Regional Countries to Membership of the Bank (Annex to Resolution 07-79), as amended, and to pay its initial subscription.

AFRICAN DEVELOPMENT FUND

BOARD OF GOVERNORS

Resolution F/BG/2008/05

Adopted at the First Sitting of the Thirty-Fourth Annual Meeting of the African Development Fund, on 14 May 2008

Participation of the Republic of Turkey in the African Development Fund

THE BOARD OF GOVERNORS,

HAVING REGARD to the relevant provisions of the Agreement Establishing the African Development Fund (the "Fund Agreement"), in particular Articles 3(3) (Participation: New State Participants), 55(1) (Ratification, Acceptance or Approval) and 57(2) (Participation: Effective Date of Participation), and the General Regulations of the African Development Fund (the "Fund"), in particular Article 13 (Application for Participation);

HAVING CONSIDERED:

(i) The Declaration of Intent presented by The Republic of Turkey ("Turkey") to the Fund dated 14 February 2008, by which Turkey confirmed its desire to become a State participant (as defined in Article 1 of the Fund Agreement); and

(ii) Resolution F/BG/2008/01 adopted by the Board of Governors of the Fund on 28 March 2008, concerning the Eleventh General Replenishment of the Fund, (the "ADF-11 Resolution");

RESOLVES to grant the application of Turkey to become a State participant on the following terms:

(i) Except as otherwise provided in this Resolution, the terms and conditions governing the participation and subscription of Turkey shall be the same in all respects as those applicable to the participation and subscriptions of original participants in the Fund;

(ii) The initial subscription of Turkey shall be Forty Million Six Hundred and Ninety Three Thousand and Four Hundred and Sixty-Eight Units of Account (UA 40,693,468)* as defined in the Fund Agreement (the "Initial Subscription");

(iii) The Initial Subscription shall be payable in full on the date on which Turkey shall comply with the provisions of paragraph (v) of this Resolution, or not more than thirty (30) days thereafter;

(iv) Save and to the extent that the present Resolution specifically modifies the terms of the ADF- 11 Resolution, the ADF-11 Resolution shall apply in all respects to Turkey, after its admission to participation in the Fund; and

(v) Turkey shall become a party to the Fund Agreement and a State participant of the Fund pursuant to this Resolution, by signing the Fund Agreement and depositing its Instrument of Acceptance with the African Development Bank. ______

* The applicable UA : Euro and UA : US$ exchange rates are those of December 2006 i.e. UA1 = € 1.14229 and UA1 = US$ 1.50440. The Initial Subscription, accordingly, will be € 46,483,742 or US$ 61,219,253 or, subject to a domestic inflation rate of less than 10% for the period 2005 - 2007, the equivalent in Turkish lira.

AFRICAN DEVELOPMENT BANK

BOARD OF GOVERNORS

Resolution B/BG/2008/07

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank on 14 May 2008

Authorizing a Special Capital Increase

THE BOARD OF GOVERNORS,

HAVING REGARD TO:

(i) The Agreement Establishing the African Development Bank (the "Bank Agreement"), in particular Articles 5(3) and (4) (Authorization for a Capital Increase and Allocation of Capital Stock), 6 (Subscription of Shares), 7 (Payment of Subscription) and 29 (Board of Governors: Powers);

(ii) Resolution B/BG/98/04 pursuant to which this Board approved, inter alia, the amendment to Article 5(4) of the Bank Agreement to provide that the authorized capital stock and any increase thereof shall be allocated for subscription to regional and non-regional members so that the regional Members shall hold sixty percent (60%) of the total voting power and the non-regional Members forty percent (40%) of the total voting power; and

(iii) Resolution B/BG/98/05 pursuant to which the authorized capital stock of the Bank was increased to Twenty-one Billion Eight Hundred and Seventy Million Units of Account (UA21,870,000,000), with a par value of Ten Thousand Units of Account (UA10,000) for each share (the "Fifth General Capital Increase");

RECALLING Resolution B/BG/2008/03 on the Accession of the Republic of Turkey to the Agreement Establishing the African Development Bank adopted by this Board on 15 May 2008;

HAVING CONSIDERED the recommendations contained in the Report of the Board of Directors (Document ADB/BG/WP/2008/02);

HEREBY:

1. Authorizes a Special Increase of the authorized share capital of the Bank to allow for: (i) subscription by a non-regional country (the Republic of Turkey) of the minimum number of shares required for it to become a member; and (ii) subscription by regional members of the number of shares necessary to comply with the 60/40 ratio requirement between the shareholding of regional and non-regional members;

2. Increases the authorized capital of the Bank from UA 21,870,000,000 to UA 22,039,480,000, with a corresponding increase of the number of shares from 2,187,000 to 2,203,948, with a creation of 16,948 new shares, out of which 6,779 shall be available for subscription by the Republic of Turkey and 10,169 shall be available for subscription by regional members. The additional shares shall be of a par value of Ten Thousand Units of Account (UA10,000) for each share and shall be subject to the same terms and conditions as the shares authorized in the Fifth General Capital Increase of the Bank (GCI-V); and

3. Authorizes the Board of Directors, in close consultation with the President of the Bank, to take the necessary measures for the timely implementation of this Resolution.

AFRICAN DEVELOPMENT BANK

BOARD OF GOVERNORS

Resolution B/BG/2008/08

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank, on 14 May 2008

Annual Report and Audited Financial Statements for the Financial Year ended 31 December 2007

THE BOARD OF GOVERNORS,

HAVING REGARD to: (i) the Agreement Establishing the African Development Bank (the "Bank"), in particular Articles 13(4) and (5) (Ordinary and Special Operations), 29(2)(g) (Board of Governors: Powers – Approval of the General Balance Sheet and Statement of Profit and Loss), and 41(3) (Annual Report); (ii) the General Regulations of the Bank, in particular Article 8 (Annual Report and Financial Statements); and (iii) the Financial Regulations of the Bank, in particular Regulation 13.2 (Financial Statements);

HAVING CONSIDERED:

(i) The 2007 Annual Report of the Board of Directors, contained in Document ADB/BD/WP/2008/52/Rev.1/Approval;

(ii) The Report of the External Auditors for the Financial Year ended 31 December 2007;

(iii) The Audited Financial Statements of the Bank for the Financial Year ended 31 December 2007, contained in Document ADB/BD/WP/2008/45 as well as the Corrigendum thereto;

(iv) The Audited Financial Statements of the Special and Trust Funds for the Financial Year ended 31 December 2007, contained in document ADB/BD/WP/2008/41; and

(v) The Audited Financial Statements of the Nigeria Trust Fund for the Financial Year ended 31 December 2007, contained in document ADB/BD/WP/2008/44;

APPROVES the 2007 Annual Report of the Board of Directors as well as each of the above-mentioned Audited Financial Statements for the Financial Year ended 31 December 2007.

AFRICAN DEVELOPMENT BANK

BOARD OF GOVERNORS

Resolution B/BG/2008/09

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank, on 14 May 2008

Allocations and Distributions of Part of the Net Income of the African Development Bank for the Financial Year Ended 31 December 2007 Using Allocable Income as the Basis of Allocation and Distribution

THE BOARD OF GOVERNORS,

HAVING REGARD to: (i) the Agreement Establishing the African Development Bank (the "Bank"), in particular Articles 29 (Board of Governors: Powers) and 42 (Allocation of Net Income); and (ii) the Financial Regulations of the Bank, in particular Regulations 3.1(5) (Use of Resources - Allocation of Net Income) and 4.6 (Content of Proposals for Allocations of Part of the Net Income);

RECALLING:

(i) Resolution F/BG/2008/01, adopted by the Board of Governors of the African Development Fund (the "Fund"), authorizing the Eleventh Replenishment of the resources of the Fund ("ADF-11"), and considering the continued urgent need for concessional resources to assist those regional member countries of the Bank eligible for financing only on concessional terms, in achieving their development objectives; and

(ii) Resolution B/BG/2007/02 of this Board, adopted on 16 May 2007, by which this Board: (a) authorized the distribution of part of the net income of the Bank for the year ended 31 December 2006; and (b) authorized the Board of Directors to adopt the necessary modalities for distributions by this Board from the Surplus Account;

HAVING CONSIDERED:

(i) The Financial Statements for the financial year ended 31 December 2007, and confirmed that such Financial Statements indicate an income before transfers approved by the Board of Governors of Three Hundred and Twenty-Three Million Six Hundred and Sixty-Eight Thousand Units of Account (UA 323,668,000), and an allocable income (Financial Statements income before transfers approved by the Board of Governors adjusted for certain unrealized gains or losses) in the amount of Two Hundred and Ninety-Seven Million Seven Hundred and Eighty-Nine Units of Account (UA 297,789,000); and (ii) The Report of the Board of Directors contained in Document ADB/BG/WP/2008/21 (the "Report"), and the recommendations therein, relating to the distribution of part of the net income for the year 2007, as well as the fact that the financial statements and the medium-term financial projections, including considerations regarding the adequacy of reserves, indicate that the financial situation of the Bank remains sound;

HEREBY:

(i) Decides to make provision for reserves, in the amount of Fifty Million Units of Account (UA 50,000,000), from the 2007 allocable income;

(ii) Decides to allocate to the Surplus Account Twenty Million Seven Hundred Thousand Units of Account (UA 20,700,000) from the balance of the 2007 allocable income; and

(iii) Approves the following distribution from the balance of the 2007 allocable income for the purposes stated below:

(a) One Hundred and Nine Million Units of Account (UA 109,000,000) to the ADF-11 (consisting of the contribution of Eighty-Four Million Units of Account (UA 84,000,000) equivalent to the 2007 cash flows attributable to the clearance of interest arrears on Post-Conflict Country loans, and Twenty-Five Million Units of Account (UA 25,000,000), being an additional contribution to the ADF-11);

(b) Sixty-Two Million Units of Account (UA 62,000,000) (equivalent to the interest income realized in 2007 on Bank loans to the Democratic Republic of Congo (the "DRC")), for purposes of a Special Account dedicated to the debt service of part of the consolidated loans of the DRC;

(c) Twenty-Five Million Units of Account (UA 25,000,000) for the benefit of the Technical Assistance Fund for the Middle Income Countries;

(d) Fifteen Million Units of Account (UA 15,000,000) for the benefit of the Heavily Indebted Poor Countries (HIPCs) Initiative;

(e) Five Million Units of Account (UA 5,000,000) for the benefit of the Africa Fertilizer Development Financing Mechanism;

(f) Six Million Three Hundred Thousand Units of Account (UA 6,300,000) for the benefit of the NEPAD Infrastructure Project Preparation Facility; and

(g) Five Million Units of Account (UA 5,000,000) for the benefit of the Fund for African Private Sector Assistance.

AFRICAN DEVELOPMENT BANK

BOARD OF GOVERNORS

Resolution B/BG/2008/10

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank, on 14 May 2008

Distribution of the Net Income of the Nigeria Trust Fund for the Financial Year Ended 31 December 2007

THE BOARD OF GOVERNORS,

HAVING REGARD to: (i) the Agreement Establishing the African Development Bank (the "Bank"), in particular Articles 8 (Special Funds), 29 (Board of Governors: Powers) and 42 (Allocation of Net Income); (ii) the Agreement Establishing the Nigeria Trust Fund (the "NTF"); and (iii) the Financial Regulations of the Bank, in particular Regulations 3.1(5) (Use of Resources - Allocation of Net Income), 3.3 (Financial Administration of Special Funds) and 4.6 (Content of Proposals for Allocations of Part of the Net Income);

RECALLING:

(i) The terms of the Protocol Agreement between the Government of the Federal Republic of Nigeria (the "Government") and the Bank, dated 22 September 2003 (the "Protocol Agreement");

(ii) The desire of the Government, as expressed in the Protocol Agreement, to make additional resources available for debt reduction initiatives and, in that connection, the request of the Government that the Bank distribute ten per cent (10%) of the net income of the NTF, annually, for the benefit of the Heavily Indebted Poor Countries (HIPCs) Initiative, commencing with the net income of 2002; and

(iii) Resolution B/BG/2003/11, adopted by this Board on 3 June 2003, which authorized the President of the Bank to execute the Protocol Agreement with the Government;

HAVING CONSIDERED:

(i) The Financial Statements of the NTF for the financial year ended 31 December 2007, and confirmed that such Financial Statements indicate a net income of Eighteen Million Four Hundred and Fifty-Six Thousand Units of Account (UA 18,456,000) and an income before distributions approved by the Board of Governors (the "allocable income") of Nineteen Million Eight Hundred and Thirty-Six Thousand Units of Account (UA 19,836,000); and (ii) The Report of the Board of Directors contained in Document ADB/BG/WP/2008/08, and the recommendation therein, relating to the distribution of the net income of the NTF for the financial year ended 31 December 2007;

HEREBY:

(i) Decides to transfer to the reserves of the NTF, the amount of Sixteen Million Four Hundred and Seventy-Two Thousand Four Hundred Units of Account (UA 16,472,400), from the 2007 net income; and

(ii) Approves a distribution for the benefit of the HIPCs Initiative, of ten percent (10%) of the 2007 allocable income of the NTF, in the amount of One Million Nine Hundred and Eighty- Three Thousand Six Hundred Units of Account (UA 1,983,600).

AFRICAN DEVELOPMENT BANK

BOARD OF GOVERNORS

Resolution N° B/BG/2008/11

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank, on 14 May 2008

Application of the Code of Conduct for Executive Directors of the African Development Bank and the African Development Fund to the President of the Bank Group

THE BOARD OF GOVERNORS,

HAVING REGARD TO: (i) the Agreement Establishing the African Development Bank (the "Bank"), in particular Articles 1 (Purpose), 2 (Functions), 29 (Board of Governors: Powers), 31 (Board of Governors: Procedure), 32 (Board of Directors: Powers) and 36 (Appointment of the President); (ii) the Agreement Establishing the African Development Fund (the "Fund"), in particular Articles 26 (Board of Directors: Functions) and 27 (Board of Directors: Composition); and (iii) the General Regulations of the Bank, in particular Article 4 (Powers, Functions and Responsibilities of the Board of Directors and the President);

RECALLING Resolution N° B/BD/2001/14–F/BD/2001/10 of 25 April 2001 by which the Board of Directors of the Bank and the Board of Directors of the Fund adopted the Code of Conduct for Executive Directors of the African Development Bank and the African Development Fund;

CONSIDERING the crucial role that the President of the Bank Group (the "President") plays in his/her regular functions and the importance of the responsibilities attendant on his/her office;

FURTHER NOTING the importance of preventing, detecting and discouraging in an efficient manner certain tendencies capable of damaging the highest standards of loyalty, competence and integrity of the President;

HEREBY ADOPTS THIS RESOLUTION AND DECIDES AS FOLLOWS:

Article 1: Objective of this Resolution

The provisions of the Code of Conduct for Executive Directors of the African Development Bank and the African Development Fund (the “Code of Conduct”) shall apply to the President.

As an exception to the provisions of the preceding paragraph, the provisions of this Resolution shall not apply ab initio to the mandate of the President currently underway. However, following the notification made by the incumbent to the Boards of Directors voluntarily proposing to be bound by the provisions of the Code of Conduct during his present mandate, the said Code of Conduct and this Resolution shall apply to the President from the date of entry into force of this Resolution.

Article 2: Procedures for Lodging a Complaint before the Ethics Committee

Any complaint or allegation relating to the violation by the President of the provisions of the Code of Conduct shall be submitted in writing to the Ethics Committee provided for in Article 18 of the said Code of Conduct either in person, through the Chairperson of the Audit and Finance Committee (AUFI) of the Boards of Directors, or through the Auditor General of the Bank.

Article 3: Preliminary Review and Transmittal of a Complaint by the Ethics Committee

The Ethics Committee shall conduct a preliminary examination of the complaint or allegation to determine whether it is based on apparently solid justifications with a view to submitting it to the Chairperson of the Bureau of the Board of Governors under the following conditions:

• If the preliminary examination of the complaint or allegation shows that it is frivolous or not based on any objective and solid facts it shall be dismissed.

• If the preliminary examination of the complaint or allegation reveals facts that are capable of establishing violations of the Code of Conduct, the complaint or allegation shall be submitted to the Chairperson of the Bureau of the Board of Governors for further examination;

Article 4: Role of the Bureau of the Board of Governors

Notwithstanding the provisions of Article 3 of this Resolution, the Chairperson of the Bureau of the Board of Governors, in consultation with other members of the said Bureau, shall have sole competence to finally determine whether or not there exists a reasonable basis for pursuing a complaint or an allegation in relation to the violation by the President of any provision of the Code of Conduct.

In taking his/her decision, the Chairperson of the Bureau of the Board of Governors may require the Ethics Committee and the person that made the complaint or allegation or any Department of the Bank, to provide additional information and clarifications, where necessary.

The Chairperson of the Bureau of the Board of Governors may, in appropriate cases, require the Ethics Committee to conduct more in-depth investigations.

Article 5: Report following the Investigation of the Ethics Committee

At the conclusion of the investigation provided for in the last paragraph of Article 4 of this Resolution, the Ethics Committee shall submit a report of its findings to the Chairperson of the Bureau of the Board of Governors to deal further with the complaint or allegation in conformity with the provisions of the Agreement Establishing the Bank.

The report shall be accompanied by supporting documents.

Article 6: Informing the Board of Governors

The Chairperson of the Bureau of the Board of Governors shall inform the Board of Governors of the opening of any investigation relating to any complaint or allegation of the violation by the President of the provisions of the Code of Conduct.

Article 7: Due Process

No investigation concerning an alleged violation by the President of the provisions of the Code of Conduct shall be conducted pursuant to the terms of this Resolution without the President having been given the chance to be heard or invited to present written evidence in defence of him/herself before the Bureau of the Board of Governors.

In application of the provisions of the preceding paragraph, the President may request any person of his/her choice to assist him/her in the presentation of his/her defence.

Article 8: Entry into Force

This Resolution shall enter into force on the date of its adoption and shall become public record as necessary.

AFRICAN DEVELOPMENT BANK

BOARD OF GOVERNORS

Resolution B/BG/2008/12

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank on 14 May 2008

Extension of the Duration of the Nigeria Trust Fund

THE BOARD OF GOVERNORS,

HAVING REGARD TO: (i) the Agreement Establishing the African Development Bank (the "Bank"), in particular Articles 1 (Purpose), 2 (Functions), 8 (Special Funds), 29 (Board of Governors: Powers), and 32 (Board of Directors: Powers); and (ii) the Agreement Establishing the Nigeria Trust Fund, in particular Articles I (Establishment and Purpose of the Fund), III (Administration of the Fund), and XIII (Termination of the Fund);

RECALLING:

(i) Resolution 03-76, adopted by this Board on 25 April 1976, concerning the establishment of the Nigeria Trust Fund (the "NTF"); and

(ii) Resolution B/BG/2003/11 adopted by this Board on 03 June 2003, concerning the enhancement of the development effectiveness of the NTF;

COGNIZANT of the significant contribution of the NTF to the development of the continent of Africa as well as the continued need to mobilize resources to support development activities on the continent;

HAVING CONSIDERED Document ADB/BG/WP/2008/20 (the "Report") and the recommendations contained therein for the extension of the NTF;

HEREBY:

(i) Approves the proposal for the extension of the duration of the NTF for ten (10) years commencing 25 April 2008;

(ii) Approves the following amendments to the NTF Agreement:

(a) Instruments and Terms of Financing Article VI, Section 6.1 of the NTF Agreement shall be amended to provide that the instruments and terms of financing from the resources of the NTF shall be agreed by the parties and set out in the NTF Operational Guidelines.

(b) Member Countries of the Bank Wherever the term "member country(ies)" is used in the NTF Agreement to refer to African Countries, it shall be replaced with "regional member country(ies)".

(c) Determination of Currency Exchange Rates (Article V, Section 5.2) The requirement for consultation with the International Monetary Fund, contained in Section 5.2 is hereby deleted. The revised Section shall read as follows:

"Whenever it shall be necessary under this Agreement to determine the value of any currency in terms of another currency or currencies or of the Unit of Account of the Bank, such valuation shall be reasonably made by the Bank."

(d) Separation of NTF Accounts and Records (Article VII, Section 7.2) The typo- graphical error in the last line of Section 7.2 is hereby corrected by replacing the word "and" with "as". The revised Section shall read as follows:

"The Bank shall keep separate accounts and records of the resources and operations of the Fund in such a way as to permit the identification of the assets, liabilities, income, costs and expenses pertaining to the Fund as a financial unit independent of all other operations of the Bank."

(iii) Authorizes the President, on behalf of the Bank, to conclude a Protocol Agreement with the Government of the Federal Republic of Nigeria regarding the extension of the duration of the NTF and setting out the terms and conditions for the extension;

HEREBY AUTHORIZES the Board of Directors and the President to take such measures, as may be necessary or expedient for the implementation of this Resolution, having regard to their respective powers and functions.

AFRICAN DEVELOPMENT BANK

BOARD OF GOVERNORS

Resolution B/BG/2008/13

Adopted at the First Sitting of the Forty-Third Annual Meeting of the African Development Bank on 14 May 2008

Concerning the Administration and Management of the Financial Resources of the Special Fund for Reconstruction and Development of the Great Lakes Region

THE BOARD OF GOVERNORS,

HAVING REGARD to Articles 8, 10, 11, 13 and 29(2)(b) of the Agreement Establishing the African Development Bank (the “Bank”) and Regulation 8.1 of the Financial Regulations of the Bank;

CONSIDERING that the Special Fund for Reconstruction and Development of the Great Lakes Region (the “Fund”) was established by the Pact for Security, Stability and Development in the Great Lakes Region signed by Heads of State and Government of the International Conference for the Great Lakes Region (the “Conference”) to support the implementation of the Conference’s Protocols and Programmes of Action in the priority areas of peace and security, democracy and good governance, economic development and regional integration, and humanitarian, social and environmental issues;

RECOGNIZING the potential contribution of the Fund to the security, stability and development of the Great Lakes Region;

WELCOMING the establishment of the Fund;

NOTING with appreciation that the Conference has proposed to entrust to the Bank the administration and management of the financial resources of the Fund;

RESOLVES AS FOLLOWS:

(i) To accept the administration and management by the Bank of the financial resources of the Fund; and

(ii) To authorize the President of the Bank to:

a) negotiate and execute with the Conference an appropriate Trust Instrument setting forth the terms and conditions governing the Bank’s mandate as trustee of the financial resources of the Fund; and

b) take such other actions and measures as shall be necessary or expedient for the proper implementation of this Resolution.

AFRICAN DEVELOPMENT FUND

BOARD OF GOVERNORS

Resolution F/BG/2008/06

Adopted at the First Sitting of the Thirty-Fourth Annual Meeting of the African Development Fund , on 14 May 2008

Annual Report and Audited Special Purpose Financial Statements for the Financial Year ended 31 December 2007

THE BOARD OF GOVERNORS,

HAVING REGARD to the Agreement Establishing the African Development Fund (the "Fund"), in particular Article 23(2)(vii) (Board of Governors: Powers), and the General Regulations of the Fund, in particular Article 8 (Annual Report and Financial Statements);

HAVING CONSIDERED:

(i) The 2007 Annual Report of the Board of Directors, contained in Document ADF/BD/WP/2008/25/Rev.1/Approval;

(ii) The Report of the External Auditors for the Financial Year ended 31 December 2007; and

(iii) The Audited Special Purpose Financial Statements of the Fund for the Financial Year ended 31 December 2007, contained in Document ADF/BD/WP/2008/23 as well as the Corrigendum thereto;

APPROVES the 2007 Annual Report of the Board of Directors and the Audited Special Purpose Financial Statements of the Fund for the Financial Year ended 31 December 2007.

AFRICAN DEVELOPMENT FUND

BOARD OF GOVERNORS

Resolution F/BG/2008/07

Adopted at the First Sitting of the Thirty-Fourth Annual Meeting of the African Development Fund, on 14 May 2008

Amendment of Article 15(4) of the Agreement Establishing the African Development Fund concerning Procurement

THE BOARD OF GOVERNORS,

HAVING REGARD TO the Agreement Establishing the African Development Fund (the "Fund Agreement"), in particular Articles 2 (Purpose); 4 (Resources); 15(4)(a) (Conditions of Financing); 23 (Board of Governors: Powers); 25 (Board of Governors: Procedure); 29 (Voting) and 51 (Amendments);

RECOGNIZING that donor coordination and harmonization of procedures is essential in the context of the Paris Declaration on Aid Effectiveness;

AWARE of the need to harmonize the procurement rules of the Fund with those of other development partners with a view to increasing competitiveness and development effectiveness of the Fund;

HAVING CONSIDERED Document ADF/BG/WP/2008/11, in particular the recommendations contained therein for the amendment of Article 15(4)(a) of the Fund Agreement;

HEREBY DECIDES to amend the Fund Agreement by deleting Article 15(4)(a) of the Fund Agreement, and that the amended Article 15(4) shall read as follows:

4. Procurement shall be on the basis of international competition among eligible suppliers except in cases where the Board of Directors determines that such international competition would not be justified.

FURTHER DECIDES that the amendment to the Fund Agreement provided for in this Resolution shall enter into force on the date set forth in Article 51(1) of the Fund Agreement, following the adoption of this Resolution and the acceptance of the amendment therein by the participants (including State participants) in accordance with Article 51 of the Fund Agreement.

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

BOARDS OF GOVERNORS

Resolution B/BG/2008/14 – F/BG/2008/08

Adopted on 15 May 2008 at the Closing Session of the Forty-Third Annual Meeting of the African Development Bank (the "Bank") and the Thirty-Fourth Annual Meeting of theAfrican Development Fund (the "Fund") (collectively, the "Annual Meetings")

Vote of Thanks of the Boards of Governors to the Outgoing Chairperson, the Bureau, the Joint Steering Committee, the Steering Committee on the Election of the President and the Governors Consultative Committee

THE BOARDS OF GOVERNORS,

AT THE END OF THE DELIBERATIONS of the Annual Meetings held in MAPUTO, REPUBLIC OF MOZAMBIQUE, from 14 to 15 May 2008;

GRATEFUL to the Honorable Dr. AIUBA CUERENEIA, Minister for Planning and Development of Mozambique, who served as Chairperson of the Boards of Governors during the period from the closure of the 2007 Annual Meetings to the closure of the 2008 Annual Meetings, for the leadership, wisdom, clear-sightedness and keen sense of consensus with which he directed all deliberations, and conducted the work of the Bureau as well as (i) the Joint Steering Committee of the Boards of Governors; (ii) the Steering Committee on the Election of the President; and (iii) the Governors Consultative Committee;

COGNISANT of the keen sense of responsibility with which the Vice-Chairpersons of the Bureau and Members of the Joint Steering Committee, the Steering Committee on the Election of the President and the Governors Consultative Committee performed their duties as well as their valuable contribution;

EXTEND this Vote of Thanks to the Chairperson, Vice-Chairpersons of the Bureau and Members of the Joint Steering Committee of the Boards of Governors, the Steering Committee on the Election of the President and the Governors Consultative Committee;

SINCERELY WISH these eminent personalities every success in all their undertakings in the interest of their respective countries, the Bank, the Fund, and the entire continent.

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

BOARDS OF GOVERNORS

Resolution B/BG/2008/ 15 – F/BG/2008/09

Adopted on 15 May 2008 at the Closing Session of the Forty-Third Annual Meeting of the African Development Bank (the "Bank") and the Thirty-Fourth Annual Meeting of the African Development Fund (the "Fund") (collectively, the "Annual Meetings")

Vote of Thanks of the Boards of Governors to His Excellency Armando Emilio GUEBUZA, President of the Republic of Mozambique, Her Excellency Luisa DIOGO, Prime Minister of the Republic of Mozambique and Mr. Eneas COMICHE, Mayor of Maputo

THE BOARDS OF GOVERNORS,

AT THE END OF THE DELIBERATIONS of the Annual Meetings held in MAPUTO, REPUBLIC OF MOZAMBIQUE, from 14 to 15 May 2008;

EXPRESS their most profound gratitude to:

1. His Excellency Armando Emilio GUEBUZA, President of the Republic of Mozambique;

2. Her Excellency Luisa DIOGO, Prime Minister of the Republic of Mozambique; and

3. Mr. Eneas COMICHE, Mayor of MAPUTO; for having graciously honored the Bank Group by their presence and participation at the opening ceremony of the Annual Meetings, the cordial and fraternal reception as well as the true African hospitality and for the excellent facilities generously provided to ensure the success of the Annual Meetings;

COGNISANT of the unwavering and strong support of the Republic of Mozambique to the Bank Group;

EXTEND to His Excellency, Armando Emilio GUEBUZA, President of the Republic of Mozambique and to the Government of the Republic of Mozambique their profound gratitude for the continued support to the Bank Group; and

SINCERELY WISH the people of the Republic of Mozambique and their illustrious leaders the highest degree of success in all their development endeavours.

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

BOARDS OF GOVERNORS

Resolution B/BG/2008/16 – F/BG/2008/10

Adopted on 15 May 2008 at the Closing Session of the Forty-Third Annual Meeting of the African Development Bank (the "Bank") and the Thirty-Fourth Annual Meeting of the African Development Fund (the "Fund") (collectively, the "Annual Meetings")

Vote of Thanks of the Boards of Governors to His Excellency Denis SASSOU NGUESSO, President of the Republic of Congo

THE BOARDS OF GOVERNORS,

AT THE END OF THE DELIBERATIONS of the Annual Meetings held in MAPUTO, REPUBLIC OF MOZAMBIQUE, from 14 to 15 May 2008;

EXPRESS their profound gratitude to His Excellency Denis SASSOU NGUESSO, President of the Republic of Congo, for having graciously consented to honour the Bank Group by his presence at the opening ceremony of the Annual Meetings, and for his inspiring speech;

SINCERELY WISH His Excellency, President Denis SASSOU NGUESSO and the people of Congo the most resounding success in their noble task of economic development and the social progress of their country and the continent of Africa.

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

BOARDS OF GOVERNORS

Resolution B/BG/2008/17 – F/BG/2008/11

Adopted on 15 May 2008 at the Closing Session of the Forty-Third Annual Meeting of the African Development Bank (the "Bank") and the Thirty-Fourth Annual Meeting of the African Development Fund (the "Fund") (collectively, the "Annual Meetings")

Vote of Thanks of the Boards of Governors to the Inter-ministerial Committee of the Republic of Mozambique for Major National and International Events (CIGENI)

THE BOARDS OF GOVERNORS,

AT THE END OF THE DELIBERATIONS of the Annual Meetings held in MAPUTO, REPUBLIC OF MOZAMBIQUE from 14 to 15 May 2008;

GRATEFUL for the quality of the organization of all the activities of the 2008 Annual Meetings as well as the generosity with which the Mozambican Authorities made available all the facilities required by the Bank Group for the Annual Meetings;

NOTING that the commitment, efficiency, and generosity with which the Mozambican Authorities and the Inter-ministerial Committee of the Republic of Mozambique for Major National and International Events ("CIGENI") conducted their responsibilities, assured the success of the Annual Meetings;

EXTEND this vote of thanks to the Chairperson and members of CIGENI as well as the various sub- committees.

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

BOARDS OF GOVERNORS

Resolution B/BG/2008/18 – F/BG/2008/12

Adopted on 15 May 2008 at the Closing Session of the Forty-Third Annual Meeting of the African Development Bank (the "Bank") and the Thirty-Fourth Annual Meeting of the African Development Fund (the "Fund") (collectively, the "Annual Meetings")

Vote of Thanks of the Boards of Governors to the Boards of Directors, Management and Staff

THE BOARDS OF GOVERNORS,

AT THE END OF THE DELIBERATIONS of the Annual Meetings held in MAPUTO, REPUBLIC OF MOZAMBIQUE, from 14 to 15 May 2007;

NOTING the competence and dedication with which the Boards of Directors, Management and Staff have conducted the work of the Bank and the Fund in fulfillment of their development mandate, and the significant decisions of the Boards of Directors, which will positively contribute to the social and economic development of the regional members of the Bank;

EXTEND this Vote of Thanks to the Boards of Directors, Management and Staff.

Annex 2

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

BOARDS OF GOVERNORS

FORTY-THIRD ANNUAL THIRTY-FOURTH ANNUAL MEETING OF THE ADB MEETING OF THE ADF MAPUTO, MOZAMBIQUE MAPUTO, MOZAMBIQUE 14 AND 15 MAY 2008 14 AND 15 MAY 2008

REPORT OF THE MEETING OF THE JOINT STEERING COMMITTEE HELD ON 12 MAY 2008

AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND ADB/BG/SC/WP/2008/01 ADF/BG/SC/WP/2008/01 12 May 2008 Original: ENGLISH

BOARDS OF GOVERNORS REPORT OF THE JOINT STEERING COMMITTEE

1 The Joint Steering Committee of the Boards of Governors of the African Development Bank (ADB) and the African Development Fund (ADF) met on 12 May 2008, at the Joaquim Chissano International Conference Center, in Maputo, Mozambique, in the presence of Mr. Donald KABERUKA, President of the African Development Bank Group. The Governors for Djibouti, Korea, Mali and Mauritania did not take part in the deliberations.

2 The Governor for Mozambique, Mr. Aiuba CUERENEIA, Minister for Planning and Development for Mozambique, Chairperson of the Boards of Governors, presided over the meeting. He was assisted by the two Vice-Chairpersons of the Bureau, the Governors for The Netherlands and Ghana. The Governor for Congo (Brazzaville) was designated as Rapporteur.

I- JOINT DOCUMENTS ITEM 1.2 Adoption of the Provisional Agenda (ADB/BG/AG/2008/43/Prov.3 – ADF/BG/AG/2008/34/Prov.3) 3 The Joint Steering Committee considered and took note of the Provisional Agenda of the 2008 Annual Meetings and recommended that the Boards of Governors adopt it.

ITEM 1.3 Adoption of the Summary Records of the Forty-Second (42nd) Annual Meeting of the ADB and Thirty-Third (33rd) Annual Meeting of the ADF (Shanghai, China, 2007) 4 The Joint Steering Committee recalled that the Summary Records of the 2007 Annual Meetings of the ADB and the ADF (collectively the “Bank Group”) had been transmitted to Governors on 6 March 2008 for comments, with a deadline of 21 April 2008. The Committee noted that no comments were received by the stipulated deadline and, therefore, recommended that the Boards of Governors adopt the Summary Records.

ITEM 1.4 Dates and Venue of the 2009 Annual Meetings of the Boards of Governors of the African Development Bank Group (ADB/BG/WP/2008/17 – ADF/BG/WP/2008/09) 5 The Joint Steering Committee recalled Article 31(1) of the ADB Agreement, Article 25(1) of the ADF Agreement as well as Resolution B/BG/92/07 concerning the dates and venue for holding of the Annual meetings of the Bank Group, and noted that the Government of Senegal had offered to host the 2009 Bank Group Annual Meetings in Dakar. The Joint Steering Committee further recalled that the Boards of Directors had endorsed the offer from Senegal, following a satisfactory assessment by a Bank delegation of the infrastructure and facilities required for the successful hosting of the Annual Meetings in Dakar. 5.1 The Joint Steering Committee, therefore, recommended that the Boards of Governors adopt the relevant Resolution approving the holding of the 2009 Annual Meetings of the Bank and the Fund on 13 and 14 May 2009 in Dakar, Senegal.

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ITEM 1.5 Designation of the Members of the Bureau and the Joint Steering Committee for the Period Starting from the End of the 2008 Annual Meetings to the End of the 2009 Annual Meetings (ADB/BG/WP/2008/18 – ADF/BG/WP/2008/10) 6 The Joint Steering Committee, in light of the proposal to host the 2009 Annual Meetings of the Bank Group in Dakar, Senegal, recommended, in accordance with the Rules of Procedures, that the Boards of Governors approve the following proposal concerning the composition of the Bureau of the Boards of Governors for the period starting from the end of the 2008 Annual Meetings to the end of the 2009 Annual Meetings: 2.4 Chairperson : Sénégal 2.5 First Vice-Chairperson : Norway 2.6 Second Vice-Chairperson : Guinée 6.1 The Joint Steering Committee also recommended, in accordance with the Designation Rules, that the Boards of Governors approve the following proposal concerning the composition of the Joint Steering Committee for the period starting from the end of the 2008 Annual Meetings to the end of the 2009 Annual Meetings: • Eritrea • Saudi Arabia • Gabon • Sierra Leone • Malawi • Spain • Niger • Sudan • Portugal

ITEM 1.6 By-Election of Executive Directors of the African Development Bank and Selection of Executive Directors of the African Development Fund (ADB/BG/WP/2008/22 – ADF/BG/WP/2008/12) 7 The Joint Steering Committee took note that the Bank and the Fund had been notified that two Executive Directors, namely Mr. Ahmed Taher TABIB and Mr. Richard DEWDNEY would be leaving the Bank on 9 September 2008 and 14 August 2008 after serving on the Board of Directors for two terms and one term, respectively. In addition, Executive Directors Mr. François ARSENAULT, Mrs. Cynthia PERRY and Mr. Omar BOUGARA had already left the services of the Bank. 7.1 Article 33(4) of the Bank Agreement provides that no Executive Director of the Bank should serve on the Board of Directors for more than two three-year terms. It will also be recalled that Article 33(3) of the Bank Agreement provides that if the office of an Executive Director becomes vacant more than 180 days before the end of his or her term, a successor should be elected in accordance with the provisions of Annex B of the Agreement for the remainder of the term by the Board of Governors at its next session. Furthermore, Paragraph 21 of the Rules for the Election of Executive Directors of the Bank requires the Board of Governors to confirm the election of the successor at the next Annual Meeting. With respect to the Fund, Article 27(6)(b) of the Fund Agreement also provides that should the office of an Executive Director become vacant before the expiration of his/her term of office, the vacancy should be filled by a new Executive Director selected by the State Participant whose votes his/her predecessor was entitled to cast. The successor should hold office for the remainder of the term of office of his/her predecessor.

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7.2 The Joint Steering Committee noted that the countries represented by each of the five Executive Directors, namely Mr. ARSENAULT, Mr. BOUGARA, Mr. DEWDNEY, Mrs. PERRY and Mr. TABIB had notified the Bank of their successors. 7.3 The Joint Steering Committee therefore recommended that the Boards of Governors confirm the election or selection, as applicable, of the new Executive Directors as successors to the outgoing Executive Directors, from the date of their assumption of duty and to adopt the relevant draft Resolutions. ITEM 1.7 Report of the Governor's Consultative Committee concerning the Consolidated Assessment of the Host Country and Review of the Temporary Relocation Period (ADB/BG/WP/2008/15 – ADF/BG/WP/2008/07) 8 The Joint Steering Committee noted that the Governors’ Consultative Committee (GCC) would meet on Tuesday, 13 May 2008, to consider the document and submit recommendations to the Board of Governors as appropriate.

ITEM 1.8 Application of the Republic of Turkey to Become a State Participant in the African Development Fund and a Member of the African Development Bank and Authorization of a Special Capital Increase for the Purpose Thereof (ADB/BG/WP/2008/02 – ADF/BG/WP/2008/02)

9 The Joint Steering Committee noted that the Boards of Directors had received and considered the application of the Republic of Turkey to become a State participant of the African Development Fund and a member of the African Development Bank, and that the Government of Turkey had agreed to participate in the Fund on the basis of the applicable terms and conditions. Turkey would make an initial subscription of UA 40,693,468. 9.1 With regard to the ADB, the Joint Steering Committee took note that the Government of Turkey had agreed to make an initial subscription of 6,779 shares of the stock reserved for subscription by non-regional member countries at a par value of UA 10,000 per share. As there were not enough GCI-V shares available for subscription by non-regional countries to allow the subscription by Turkey of the desired number of shares, it will be necessary to authorize a special increase in the authorized capital of the Bank to allow for (a) Turkey to subscribe such shares as are required as a minimum for a non-regional country to become a member, and (b) subscription by regional members of the number of shares necessary to comply with the 60/40 ratio in shareholding between regional and non-regional members, in accordance with the provisions of Article 5(3) of the Bank Agreement. 9.2 The Joint Steering Committee therefore invited the Boards of Governors to approve the following recommendations of the Boards of Directors: (i) the application of Turkey to become a State participant of the African Development Fund and a member of the African Development Bank; and (ii) to authorize a special increase of the authorized capital of the Bank to allow for (a) subscription by a non-regional country of the minimum number of shares required for it to become a member and (b) subscription by regional members of the number of shares necessary to comply with 60/40 ratio between the shares held by regional and non-regional members, and (iii) to adopt the relevant draft Resolutions to this effect. ITEM 1.9 2007 Annual Report of the Independent Review Mechanism (ADB/BG/IF/2008/01 – ADF/BG/IF/2008/01)

10 The Joint Steering Committee recalled that the Boards of Directors had approved the establishment of the Independent Review Mechanism (IRM) in June 2004, following a study undertaken in 2003 of similar mechanisms in other multilateral development banks

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and international financing institutions. The Joint Steering Committee then took note of the activities undertaken by the IRM in 2007, particularly the (i) strengthening of the IRM’s human resources capacity; (ii) compliance review of the Bujagali Hydropower Project and the Bujagali Interconnection Project in Uganda, undertaken during the second semester of 2007 by the Unit (iii) outreach activities, including the organization of national workshops and conferences on international accountability and independent review mechanisms in Kenya, anti-corruption mechanisms in the Democratic Republic of Congo as well as other pertinent issues. The Unit also organized a series of internal meetings, workshops and orientation programs for staff at the Temporary Relocation Agency (TRA) and the Field Offices. Lastly, the Annual Report outlined the outreach events planned and challenges for 2008. 10.1 The Joint Steering Committee recommended that the Boards of Governors take note of information submitted to it in the above-cited document. ITEM 1.10 Information Paper on Bank Group Water Sector Activities and Initiatives in 2007 (ADB/BG/IF/2008/03 – ADF/BG/IF/2008/03)

11 The Joint Steering Committee considered the above information paper, which provided a snapshot of activities, achievements and challenges faced in 2007 and suggestions for the way forward. It noted with satisfaction that the Bank Group continued to pursue the strategy of: (i) significantly increasing water supply and sanitation financing; (ii) focusing on the poorest segments of the population living in rural areas; (iii) sustaining support for peri-urban areas and small and medium towns, with increasing focus on urban sanitation; (iv) promoting trans-boundary water resources management; (v) supporting an enabling environment to attract more resources; and (vi) building appropriate partnerships. The Joint Steering Committee also took note of the main achievements of the African Water Facility including strengthening water governance in regional member countries, meeting basic water needs through strategic investments and improving water knowledge through information management, monitoring and evaluation. Lastly, members of the Joint Steering Committee noted the challenges facing the Facility including (i) mobilization of additional resources and (ii) extension of activities to the other 24 regional member countries that had not yet benefited from Bank Group-financed water supply and sanitation activities.

11.1 The Joint Steering Committee recommended that the Boards of Governors take note of the information submitted to it in the above-cited document. ITEM 1.11 Information Paper on the New Partnership for Africa's Development (NEPAD) – 2007 Annual Report (ADB/BG/IF/2008/02 – ADF/BG/IF/2008/02)

12 The Joint Steering Committee considered the above information paper, which assessed the work of the Regional Integration and Trade Department (ONRI) of the Bank in 2007 and its future plans and activities in support of AU/NEPAD for 2008 and beyond. It noted with satisfaction that during the period under review, financing of regional infrastructure projects by the Bank and other development partners amounted to approximately US$ 4.3 billion, representing about 53 per cent of the original total estimated cost of the Short-Term Action Plan (STAP). 12.1 Committee members also took note of: (i) the ongoing Medium to Long-Term Strategic Framework (MLTSF) Study co-financed by the ADF and the Nigeria Technical Cooperation Fund (NTCF); (ii) the overall commitments concerning 15 NEPAD-IPPF funded projects amounting to US$ 8.254 million as at 31 December 2007; (iii) the new operational guidelines approved by the Boards of Directors on 4 April 2007; (iv) the

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intensification of resource mobilization efforts resulting in additional contributions from three new donors; (v) regional integration and trade activities during 2007; and (vi) Bank Group efforts to mainstream regional integration and trade activities into Bank Group activities. 12.2 The Joint Steering Committee then recommended that the Boards of Governors take note of the information submitted to it in the above-cited paper. ITEM 1.12 Bank Group’s Draft Medium-Term Strategy (2008–2012) (ADB/BG/IF/2008/08 – ADF/BG/IF/2008/06)

13 The Joint Steering Committee recalled that the Boards of Directors had considered the above strategy paper at an informal session held on 7 April 2008.

13.1 Specific issues identified by the Boards of Directors for additional analysis and reflection included: (i) the volume of ADF-12 resources assumed for the purpose of lending projections over the period covered by the medium-term strategy; (ii) sector allocation of future operations; (iii) incorporation of findings from recent independent studies of the Bank’s capital adequacy; (iv) further alignment of projected key performance indicators; and (v) business continuity and its potential budgetary implications.

13.2 The Joint Steering Committee therefore recommended that the Boards of Governors take note of the Bank’s draft Medium-Term Strategy, together with the issues raised by Executive Directors, and to provide any input deemed appropriate.

ITEM 1.13 Information Note on the Implementation of the Decentralization Strategy (ADB/BG/IF/2008/05 – ADF/BG/IF/2008/08)

14 The Joint Steering Committee welcomed the significant progress made by the Bank Group in decentralizing its activities and operations in regional member countries, since the adoption of the policy by the Boards of Directors. It noted, in particular, that all Field Offices, with the exception of Angola and Algeria, were operational and much progress had been made in recruiting staff for the offices. Steady progress, albeit at different paces, was being made in delegating authority to the Offices, while paying due attention to the related fiduciary controls. 14.1 The Joint Steering Committee therefore recommended that the Boards of Governors take note of the above status report. ITEM 1.14 Progress Report on Institutional Reforms (ADB/BG/IF/2008/07 – ADF/BG/IF/2008/09)

15 The Joint Steering Committee expressed satisfaction at the successful implementation of most of the major reforms and observed that clear benefits were achievable and provided strong justification for an early completion of outstanding reforms. In this regard, 2008 would mark the last phase of the initial reform process. The key achievements in 2007 included the (i) adoption of the human resources strategy; (ii) enhanced recruitment of professional staff; (iii) alignment of services and benefits for staff based in country and regional offices; (iv) design of new compensation framework and performance management system; (v) completion of a staff survey; (vi) up-dated computer facilities; (vii) customized staffing for Country Offices; (viii) establishment of an operations committee and review process; (ix) simplification and modernization of policies and procedures; (x) revision of procurement and financial management policies; (xi) revision of delegation of authority manual; (xii) establishment of a new budget regulatory framework; and (xiii) creation of an accountability and performance framework. The challenges ahead

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include ensuring and sustaining effective collaboration and communications and putting in place performance and results measurement benchmarks.

15.1 The Joint Steering Committee recommended that the Boards of Governors take note of the above progress report. ITEM 1.15 Update on the Implementation and Financing of the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) (ADB/BG/IF/2008/06 – ADF/BG/IF/2008/04)

16 The Joint Steering Committee noted that overall, 19 regional member countries qualified for the Multilateral Debt Relief Initiative (MDRI) as at end of March 2008, with projections that the number of beneficiaries would increase to 29 by the end of 2010. The ADF would forgo an estimated UA 5.57 billion of credit flows from the 33 potentially eligible HIPCs over the 2006–2054 MDRI period. Furthermore, the ADF had cancelled an estimated UA 4.40 billion of loan reflows from the current 19 HIPCs over the 50-year MDRI period that started on 1 January 2006. 16.1 For the ADF-11 disbursement period (2008-2020), the Fund had received from donors, MDRI commitments covering 78 per cent of the loans canceled for the period. Lastly, Committee members welcomed the Bank’s undertaking to support initiatives aimed at strengthening debt management capacity in Africa through its governance programs and projects. 16.2 The Joint Steering Committee therefore invited the Boards of Governors to take note of the update on implementation and financing of HIPC and MDRI.

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II. ADB DOCUMENTS ITEM 2.1 Designation of Two Members of the Standing Committee on the Conditions of Service of Elected Officers to Serve from the End of the 2008 Annual Meetings to the End of the 2011 Annual Meetings (ADB/BG/WP/2008/12)

17 The Joint Steering Committee noted that in compliance with the terms of reference of the Standing Committee on the Conditions of Service of Elected Officers, particularly the provisions governing the mandate of its members, Burundi and Denmark would be completing their three-year term by the end of the 2008 Annual Meetings, and, accordingly, both countries should be replaced. 17.1 The Joint Steering Committee observed that the criteria for identifying the two incoming members had been correctly applied and therefore requested that the Board of Governors endorse the recommendation of the Board of Directors to designate Egypt and Brazil as new members of the Standing Committee to serve from the end of the 2008 Annual Meetings to the end of the 2011 Annual Meetings. ITEM 2.2 Annual Report and Audited Financial Statements for the Financial Year Ended 31 December 2007 (ADB/BG/WP/2008/13) 18 The Joint Steering Committee noted with satisfaction the unqualified opinion of the external auditors on the Bank's financial statements and therefore recommended that the Board of Governors approve the Bank's annual report and audited financial statements for the year ended 31 December 2007 and adopt the relevant resolution. ITEM 2.3: Allocation and Distribution of Part of the Net Income of the ADB for the Financial Year Ended 31 December 2007 (ADB/BG/WP/2008/21) 19 The Joint Steering Committee noted that the Bank earned a net income of UA 203,766,000 for the financial year ended 31 December 2007. The Committee also took note of the Bank’s sound financial health, reflected in the growth of its reserves from UA 2.31 billion as at December 2006 to UA 2.53 billion at the end of 2007, while the Bank's risk capital increased from UA 4.45 billion in 2006 to about UA 4.71 billion at the end of 2007 and its risk capital utilization rate dropped from 47 per cent at the end of 2006 to 45 per cent as at 31 December 2007. 19.1 In the light of the Bank’s financial solidity, balanced against the development needs of its regional member countries, the Joint Steering Committee recommended that the Board of Governors approve the proposals of the Board of Directors regarding the allocation and distribution of the 2007 net income as follows : (i) Retain UA 50,000,000 in reserves; (ii) Allocate to the surplus account UA 20,700,000 from the balance of the 2007 allocable income; (iii) Distribute the amount of UA 109,000,000 to ADF-11 (consisting of the contribution of UA 84,000,000 equivalent to the 2007 cash flows attributable to the clearance of interest arrears on Post-Conflict Country loans and UA 25,000,000 being an additional contribution to the ADF-11); (iv) Distribute an amount of UA 62,000,000 equivalent to the interest income realized in 2007 on Bank loans to the Democratic Republic of Congo (DRC) to a special account dedicated to the debt service of part of the DRC's consolidated loans; (v) Distribute an amount of UA 25,000,000 for the benefit of the Technical Assistance

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Fund for the Middle Income Countries; (vi) Distribute an amount of UA 15,000,000 for the benefit of the Heavily Indebted Poor Countries (HIPCs) Initiative; (vii) Distribute an amount of UA 5,000,000 for the benefit of the African Fertilizer Development Financing Mechanism; (viii) Distribute an amount of UA 6,300,000 for the benefit of the NEPAD Infrastructure Project Preparation Facility; and (ix) Distribute an amount of UA 5,000,000 for the benefit of the Fund for African Private Sector Assistance. 19.2 The Joint Steering Committee recalled that the allocation to surplus was in line with Article 42(1) of the Bank Agreement, as well as that the first such allocation was made from the 2006 net income. The Joint Steering Committee also noted that recommendations for subsequent distributions of amounts allocated to surplus would be submitted for approval by the Board of Directors. It therefore recommended that the Board of Governors approve the above proposals and adopt the relevant resolution. 19.3 The Joint Steering Committee took note of the opposition of the United States of America to the allocation proposals in favor of the Middle Income Countries’ Trust Fund and the African Fertilizer Financing Mechanism.

19.4 At the suggestion of the second Vice-Chairperson, the Joint Steering Committee recommended that allocations be made from the Surplus Account in appropriate amounts to provide assistance to regional member countries faced with food crisis and escalating prices of crude oil. 19.5 The Joint Steering Committee recommended to the Boards of Governors that the President of the Bank and the Board of Directors should study the matter and submit proposals on it to the Boards of Governors for their consideration.

ITEM 2.4 Allocation of the Net Income of the Nigeria Trust Fund for the Financial Year ended 31 December 2007 (ADB/BG/WP/2008/08) 20 The Joint Steering Committee took note that the Financial Statements of the NTF indicated a net income of UA 18,456,000 and an income before distribution approved by the Board of Governors of UA 19,836,000. It endorsed the recommendations of the Board of Directors to allocate the 2007 net income of the NTF as follows:

(i) UA 16,472,400 from the 2007 net income to be retained in the reserves of the NTF; and (ii) An allocation to the HIPCs Initiative, of 10 per cent of the 2007 net income of the NTF, in the amount of UA 1,983,600. 20.1 The Joint Steering Committee recommended that the Board of Governors approve these proposals and adopt the relevant resolution.

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ITEM 2.5 Report of the Governors’ Consultative Committee concerning the Review of the Terms of Reference of the Steering Committee for the Election of the President and the Eligibility Criteria for Candidatures for the Office of the President of the Bank (ADB/BG/WP/2008/09) 21 The Joint Steering Committee noted that the Governors’ Consultative Committee will meet on 13 May 2008 to consider the above-cited document. ITEM 2.6 Report of the Steering Committee for the Election of the President concerning the Review of the Procedure for Internal Candidatures for the Election of the President of the African Development Bank (ADB/BG/IF/2008/10) 22 The Joint Steering Committee noted that the Steering Committee will meet on 12 May 2008 to consider the above-cited document. ITEM 2.7 Report of the Governors' Consultative Committee concerning the Draft Board of Governors Resolution regarding the Application of the Code of Conduct for Executive Directors of the African Development Bank and the African Development Fund to the President of the Bank Group (ADB/BG/IF/2008/14) 23 The Joint Steering Committee took note that the Governors’ Consultative Committee will meet on 13 May 2008 to consider the above-cited document. ITEM 2.8 Report of the Governors' Consultative Committee concerning the Recommendations on the Report of the High Level Panel (ADB/BG/IF/2008/19) 24 The Joint Steering Committee took note that the Governors’ Consultative Committee will meet on 13 May 2008 to consider the above-cited document. ITEM 2.9 Report on the Conclusion of the Consultations for the Extension of the Nigeria Trust Fund (NTF) (ADB/BG/IF/2008/20) 25 The Joint Steering Committee recalled that the Bank concluded the Agreement establishing the NTF with Nigeria, which set out the terms for the administration of the NTF by the Bank. In accordance with Article XIII of that Agreement, the NTF had a duration of 30 years, which expired on 25 April 2006. Accordingly, the Board of Governors, during the 2005 Annual Meetings in Abuja, Nigeria, authorized the President of the Bank to commence consultations with the Government of the Federal Republic of Nigeria under the guidance of the Board of Directors on the extension of the duration of the NTF. 25.1 As requested, the President initiated consultations immediately after the 2005 Annual Meetings, during which the Nigerian Authorities indicated their agreement in principle to extend the duration of the NTF. However, they requested that the specific terms and modalities of such an extension be based on the outcome of an independent evaluation of the Fund’s operations. The consultants engaged to undertake the independent evaluation delivered the final draft of the report in March 2007. The Bank and Nigeria consented to the findings and recommendations of the report. By letter dated January 14, 2008, the Nigerian Authorities formally indicated their willingness to extend the duration of the NTF for 10 years. 25.2 In accordance with Article XIII, section 13.1 of the NTF Agreement and Articles 8 and 29(2)(b) of the Bank Agreement, the Joint Steering Committee invited the Board of Governors to adopt the relevant resolution authorizing the extension of the NTF and the terms of the extension.

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25.3 Lastly, the Joint Steering Committee noted with satisfaction the confirmation by the Alternate Governor for Nigeria that the relevant Agreement will be signed during the current Annual Meetings. In this regard, both the Joint Steering Committee and the President of the Bank Group expressed gratitude to the Government and people of Nigeria for the Fund aimed at supporting the development efforts of regional member countries. ITEM 2.10 Administration and Management of the Resources of the Special Fund for Reconstruction and Development (SFRD) of the Great Lakes Region (GLR) (ADB/BG/WP/2008/03) 26 The Joint Steering Committee recalled that the above Special Fund was created by the Heads of States and Governments of the Member States of the International Conference of the Great Lakes Region at their second summit in Nairobi, Kenya, in 2006, as the principal financing mechanism for realization of the Pact on security, stability and development in the region. The Nairobi Summit requested that the Bank assist it to manage and administer the financial resources of the SFRD on behalf of member States. 26.1 Subsequently, the Bank assisted the secretariat in the preparation of a technical note adopted by that Conference concerning the legal status and the steps required to make the SFRD operational. The Bank will hold in trust for the member states , the financial resources of the Special Fund and administer them in accordance with the provisions of Article 8 of the Agreement establishing the Bank, the financial regulations, and the terms of the Trust Agreement. The Bank will charge an administrative fee fixed as a percentage of the resources held by the Special Fund. 26.2 The Joint Steering Committee took note of the opposition of the United States of America to the proposal, on the grounds that the creation of new Facilities and Mechanisms would divert focus from the Bank’s core strategic priorities. 26.3 The Joint Steering Committee recommended that the Board of Governors endorse the recommendation of the Board of Directors and adopt the relevant resolution.

III. ADF DOCUMENTS ITEM 3.1 Annual Report and Audited Special Purpose Financial Statements for the Year Ended 31 December 2007 (ADF/BG/WP/2008/06) 27 The Joint Steering Committee took note of the above financial statements and expressed satisfaction at the good financial performance of the Fund during the 2007 financial year.

27.1 The Joint Steering Committee endorsed the Annual Report and Audited Special Purpose Financial Statements of the ADF for the financial year ended 31 December 2007 and recommended that the Board of Governors approve the said Statements and adopt the relevant Resolution.

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ITEM 3.2 Proposal for Amendment of the Procurement Provisions contained in the Agreement Establishing the African Development Fund (ADF/BG/WP/2008/11) 28 The Committee considered the above document, in particular the view of the Board of Directors that application of the rule of origin imposed significant constraints and challenges on the Fund and its client countries, including increased procurement and administrative costs, reduced competitiveness of the Fund, the inability to adopt policies that satisfy the objectives of coordinated, efficient and flexible engagement and reduced aid impact. Furthermore, empirical studies of the impact of bilateral tied aid on African countries indicated that such aid raised the cost of procurement by 15 to 30 per cent. Lastly, a review of the charters of other MDBs confirmed that they applied more flexible procurement rules for the origin of goods and services financed by those institutions.

28.1 Accordingly, the Joint Steering Committee noted that the benefits to the Fund and its beneficiaries of allowing competitive universal procurement far outweighed any risk of reduction in donor resources. Besides, flexibility would enhance the Fund and its attractiveness for donors as a channel for providing assistance.

28.2 The Joint Steering Committee noted the opposition of France to the proposed amendment, but recommended to the Board of Governors to approve the proposal to amend Article 15(4) and the relevant Resolution.

ITEM 3.3 Report on the Eleventh Replenishment of the General Resources of the African Development Fund (ADF-11) (ADF/BG/WP/2008/07)

29 The Joint Steering Committee recalled that at the end of the ADF-11 consultations and in compliance with the recommendations of the Board of Directors, the following documents were transmitted to the Board of Governors for consideration as spelt out in Article 23(2) of the Fund’s Agreement : (i) the report of the consultative meetings for the Eleventh General Replenishment of the resources of the Fund; and (ii) the draft resolution authorizing the Eleventh General Replenishment of the resources of the Fund. The Board of Directors recommended that the Board of Governors approve the report and adopt the resolution. The status of votes received as at the voting deadline of 28 March 2008 indicated that the required condition under Article7(4) of the Fund Agreement for the adoption of the above-mentioned resolution had been met and that the ADF-11 Resolution had been adopted. 29.1 The Joint Steering Committee then invited the Boards of Governors to take note of the formal closure of the postal ballot and to kindly provide the necessary assistance to expedite the deposit of the instruments of subscription by State participants so as to ensure the speedy effectiveness of the replenishment and prevent interruptions in the operational activities of the Fund. ITEM 3.3 Progress Report on Proposals for Enhancing the Governance Structures of the African Development Fund (ADF/BG/IF/2008/05) 30 The Joint Steering Committee recalled the discussions in the Board of Directors of the Fund relating to the Proposals for Enhancing the Governance Structures of the Fund It noted the emerging consensus on Option 2 of the proposals and that Management will prepare a revised proposal which will clarify the technical modalities, legal and financial implications for further consultations with the Board of Directors, before submission to the Board of Governors for approval.

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30.1 The Joint Steering Committee recommended that the Board of Governors take note of the progress report on the Governance Structure of the Fund.

The Rapporteur Governor for Congo (Brazzaville)

Annex 3

AFRICAN DEVELOPMENT BANK ADB/BG/SCEP/2008/01 12 May 2008 Prepared by: SEGL Original: ENGLISH/FRENCH

REPORT OF THE MEETING OF THE STEERING COMMITTEE ON THE ELECTION OF THE PRESIDENT OF THE BANK

12 MAY 2008

JOAQUIM CHISSANO INTERNATIONAL CONFERENCE CENTER MAPUTO, MOZAMBIQUE

AFRICAN DEVELOPMENT BANK ADB/BG/SCEP/2008/01 12 May 2008 Original: ENGLISH/FRENCH

REPORT OF THE MEETING OF THE STEERING COMMITTEE ON THE ELECTION OF THE PRESIDENT OF THE BANK

1 The Steering Committee for the Election of the President of the Bank met at the Joaquim Chissano International Conference Center in Maputo, Mozambique, on 12 May 2008, under the Chairmanship of His Excellency Mr. Aiuba CUERENEIA, Governor for Mozambique and Chairperson of the Board of Governors and in the presence of Mr. Donald Kaberuka, President of the African Development Bank Group. The Governors for Congo (Brazzaville), Djibouti, Kuwait, Nigeria and Norway were also in attendance. Korea, Lesotho, Mali and Mauritania were not represented. Adoption of the Agenda 2 The Steering Committee for the election of the President of the Bank adopted the following agenda: o Consideration of the Working Paper: Review of the Procedures for Internal Candidatures for the position of the President of the Bank o Other Business

Review of the Procedures for Internal Candidatures for the election of the President of the African development Bank (ADB/BG/WP/2008/10) 3 The Bank’s General Counsel reminded the Steering Committee for the Election of the President of the Bank that during the Annual Meeting of the Bank at Abuja, Nigeria, in May 2005, the Board of Governors of the Bank adopted Resolution B/BG/2005/03, which (i) expanded the mandate of the Steering Committee for the Election of the President of the Bank to include consideration of matters related to the procedure for the Office of the President of the Bank; (ii) requested the Steering Committee to submit proposals for improvement, following a review of procedures for internal candidatures, for consideration by the Board of Governors at the 2006 Annual Meetings; and (iii) requested the Governors’ Consultative Committee (CCG) to examine the terms of reference of the Steering Committee and the eligibility criteria for candidatures for the Office of President of the Bank. 4 He also recalled that by resolution B/BG/2006/06, adopted at the 2006 Annual Meetings held on 17 May 2006 at Ouagadougou, Burkina Faso, the Board of Governors deferred consideration of those questions to the 2007 Annual Meetings at Shanghai, China. After reviewing those questions at its meeting on 14 May 2007, the Steering Committee requested that the Board of Directors make a comprehensive review of the proposals made by the consultant and submit to it recommendations for study and a decision. The Board of Directors of the Bank met on 10 January 2008 to consider the proposals and then submitted the report on the study of the procedures governing internal candidatures for the Office of President of the Bank to the Board of Governors for approval.

Report of the Meeting of the Steering Committee on the Election of the President of the Bank

5 After having taken note of the clarifications made by the General Counsel, the Steering Committee welcomed the detailed study and pertinent comments that were submitted to it, as well as the comprehensive review made by the Board of Directors.

6 The Steering Committee for the Election of the President of the Bank then endorsed the recommendations that had been submitted to it and recommended that they be submitted to the Board of Governors for consideration and approval, as follows: (i) To maintain the status quo with respect to Executive Directors and Alternate Executive Directors, namely the non-application of Rule 38.00 of the Staff Rules of the Bank, considering the terms and conditions of service which bind them to the Bank. The Steering Committee was also of the view that there was no need at present to establish internal machinery or procedures to regulate candidatures of Executive Directors or Alternate Executive Directors for the Office of President of the Bank; (ii) With respect to the President, the recommendation was not to change the existing situation, considering that the 1995 Resolution of the Board of Governors on term limitation had been incorporated in the Charter of the Bank. Therefore, there was no need to introduce any new rule to govern the circumstances of an incumbent President seeking re-election; (iii) As regards the date, duration and terms of separation of staff members concerned, (a) to consider that the time of separation from the service of the Bank should be the date on which a particular staff member has presented to his/her Government a desire to seek its endorsement as a candidate, regardless of whether that endorsement has been obtained or not; (b) the separation period should be for a total of three (3) months with pay; but, upon being informed of his/her Government’s endorsement, the staff member would inform the Bank and go on leave of absence without pay; however, if the staff fails to secure the endorsement of his/her Government, he/she must also inform the Bank and would be re-integrated in service; and (c) upon being elected, the staff member must resign from the service of the Bank as staff member. 7 The Steering Committee also recommended to the Board of Governors to take note of the fact that : (i) Rule 38.00 of the Staff Rules on political activities will be amended as stated in the document in conformity with the Bank’s existing procedures; (ii) The application of the Rule as amended will be extended to Senior Advisers and Advisers to Executive Directors; (iii) The amendment of Rule 38.00 will take into account the provision of an option for mutually agreed separation to a staff member who after presenting his/her candidature for an office of a political character, decides not to remain in the service of the Bank as a staff member

Report of the Meeting of the Steering Committee on the Election of the President of the Bank

Other Business 8 No issues were raised under other business.

Maputo, Mozambique, 12 May 2008

Mr. Aiuba CUERENEIA Chairperson of the Boards of Governors

Annex 4

AFRICAN DEVELOPMENT BANK ADB/BG/GCC/2008/08 14 May 2008 Prepared by: SEGL Original: ENGLISH

REPORT ON THE EIGHTH MEETING OF THE GOVERNORS’ CONSULTATIVE COMMITTEE

13 MAY 2008

JOAQUIM CHISSANO INTERNATIONAL CONFERENCE CENTER

MAPUTO, MOZAMBIQUE

REPORT ON THE DISCUSSIONS

AFRICAN DEVELOPMENT BANK ADB/BG/GCC/2008/08 14 May 2008 Original: ENGLISH

REPORT OF THE EIGHTH MEETING OF THE GOVERNORS’CONSULTATIVE COMMITTEE (GCC), MAPUTO, MOZAMBIQUE

1 The Governors’ Consultative Committee (GCC) held its eighth meeting at the Joaquim Alberto Chissano International Conference Centre in Maputo, Mozambique, on 13 May 2008, with His Excellency Mr. Aiuba CUERENEIA, Minister for Planning and Development for Mozambique and Chairperson of the Boards of Governors, chairing and in the presence of Mr. Donald KABERUKA, President of the African Development Bank Group. Members of the Committee present were Algeria, Burkina Faso, Canada, Congo (Brazzaville), Cote d’Ivoire, Egypt, France, Japan, Liberia, Libya, Malawi, Morocco, Nigeria, Seychelles, Switzerland, United Kingdom, United States of America and Zimbabwe. Adoption of the Agenda (Item 1) 2 The Governors’ Consultative Committee adopted the following agenda. 1 Adoption of the Agenda (ADB/BG/AG/2008/GCC.8/Prov.1); 2 Introductory Remarks by the President of the Bank Group; 3 Consideration of the Working Papers: 3.1 Management Response to the Recommendations of the Report of the High Level Panel (ADB/BG/WP/2008/19); 3.2 Consolidated Ninth and Tenth Six-Monthly Assessment of the Situation in the Host Country (ADB/BG/WP/2008/15 – ADF/BG/WP/2008/07); 3.3 Review of the Terms of Reference of the Steering Committee for the Election of the President and the Eligibility Criteria for Candidatures for the Office of President of the Bank Group (ADB/BG/WP/2008/09); 3.4 Draft Board of Governors’ Resolution regarding the Application of the Code of Conduct for Executive Directors of the African Development Bank and the African Development Fund to the President of the Bank Group (ADB/BG/WP/2008/14); Other Business Management Response to the Recommendations of the Report of the High Level Panel (ADB/BG/WP/2008/19); 3 In his opening remarks, the Chairperson welcomed to the meeting both His Excellency President Joachim CHISSANO and Mr. Callisto MADAVO, respectively Co-Chair and member of the technical team of the High Level Panel, and through them thanked the Panel for its professional work. He also welcomed the GCC members and their respective delegations to Maputo and wished them successful meetings and a pleasant stay. 4 The Chairperson recalled that the President of the Bank Group convened the High Level Panel of Eminent Persons to advise him on the strategic role of the Bank and its

Report on of the Eighth Meeting of the Governors’ Consultative Committee

response to the challenges facing Africa in the decades ahead. The Panel was co- chaired by President Joaquim CHISSANO and Prime Minister Paul MARTINS. A progress report on the work of the High Level Panel had been provided at the 2007 Annual Meetings of the Bank Group in Shanghai, China. The final report was submitted to the President of the Bank in January 2008 and the document being considered was Management’s initial response to the recommendations of that Panel. The Chairperson pointed out that the Board of Directors had considered it and given its support to Management’s response. 5 The ADB President also expressed the profound appreciation of the Boards, Management and staff to the High Level Panel of Eminent Persons for the report, which was a major contribution to the all-important question of how the Bank Group could be strategically repositioned to respond more effectively to the development aspirations of its regional member countries, after forty-four years of existence. Management welcomed the emphatic recommendation for the Bank to focus on areas that were critical for growth. President KABERUKA then thanked the Panel’s Co- Chairpersons and members for their dedication and sincerity of purpose. He underlined the importance of the GCC in setting the Bank Group’s strategic priorities. He recalled that the Panel had submitted a status report during the Bank Group Annual Meetings in Shanghai in 2007. The final report had been submitted to senior Management in January 2008. 6 His Excellency President CHISSANO, on behalf of his Co-Chair, His Excellency Mr. Paul MARTINS, and other Panel members, explained how the Panel proceeded with its work, particularly the extensive consultations undertaken amongst stakeholders in order to obtain a broad spectrum of views. President CHISSANO urged the Bank to help enhance the productive capacity and economic integration of its member countries by investing in infrastructure, building capable states, promoting the private sector and assisting them to develop the requisite skills. He underlined that for the Bank to become the premier institution and voice of the continent, its shareholders should endow it with the required tools and resources. Deliberations 7 The GCC commended the Panel members for the good quality of the report and the pertinent and well-thought-out recommendations put forward. Committee members unanimously welcomed the recommendation on selectivity in the areas of Bank Group operations and Management’s acceptance of that recommendation. This, in the view of Committee members, would enable the Bank to focus on what it does best and hence become more efficient and effective in its operational activities. Furthermore, selectivity would permit other partners to participate much more effectively in the development process through greater coordination of efforts. 8 From the sectoral point of view, the GCC insisted that the Bank should give priority to infrastructure. The current food crisis requires that the Bank give greater priority to rural infrastructure, particularly roads, to promote sustainable development of agriculture and help boost food production and enhance access to markets.

9 The Committee also urged the Bank to improve its competitiveness and the quality of its services to regional member countries. It should: (i) develop innovative instruments to promote sustainable development in Africa, including the private sector; (ii) support

Report on of the Eighth Meeting of the Governors’ Consultative Committee

fragile states; (iii) sustain its decentralisation efforts to achieve better client outreach; and (iv) encourage African countries to develop skills, strategies and the political will to solve their problems together.

Conclusions and Recommendations 10 The GCC noted that the Panel had provided a balanced and considered report, recommending a strategic focus for the Bank, calling on shareholders to build the Bank’s capacity to enable it to confront old and emerging challenges. The Committee therefore recommended that the Board of Governors approve Management’s proposal to reflect in the Bank’s medium-term strategy the recommendations of the High Level Panel that were in line with the current strategic direction of the Bank and on which there was consensus. For areas already under discussion but on which consensus had not yet been reached the debate would continue. As for proposals that might give rise to more fundamental questions, Management will be guided by the views of shareholders and the competent bodies of the Bank.

Consolidated Ninth and Tenth Six-Monthly Assessment in the Host Country (ADB/BG/WP/2008/15 – ADF/BG/WP/2008/07)

11 The Chairperson recalled Resolution B/BG/2003/04 of the Board of Governors, which called for a substantive review of the situation in the host country every twelve months, beginning from the 2004 Annual Meetings as well as substantive reviews at six- monthly intervals to assess whether the situation was conducive for the return of the Bank’s operations to its Headquarters. The Board of Directors should submit six- monthly reports to the the Board of Governors and, if necessary, convene a meeting of the GCC. The Chairperson observed that substantial progress had been made by the host country since the signing of the Ouagadougou Political Agreement. That information was confirmed by the Governor for Burkina Faso, whose President was the Facilitator of the peace process.

Conclusion and Recommendations

12 Based on the information provided in the report, the Committee proposed that the Boards of Governors approve Management’s recommendations and adopt the relevant Resolutions.

Agenda item 3.3 Review of the Terms of Reference of the Steering Committee for the Election of the President and the Eligibility Criteria for Candidatures for the Office of President of the Bank Group (ADB/BG/WP/2008/09)

13 At its Annual Meeting at Abuja, Federal Republic of Nigeria, in May 2005, the Board of Governors set in motion a process for establishing a procedure for internal candidatures for the Office of the President of the Bank Group. The GCC had been asked to examine the terms of reference of the Steering Committee and the eligibility criteria for candidatures for the Office of President and to submit relative proposals. A comprehensive study had been made by a consultant and submitted to the seventh meeting of the GCC at the 2007 Annual Meetings. That study had been referred to the Board of Directors for review.

14 In an informal session of 10 January 2008 and later on a non-objection basis, the Board of Directors of the Bank formally considered the main proposals related to the issues under consideration. The Board of Directors had decided to recommend replacing the 3

Report on of the Eighth Meeting of the Governors’ Consultative Committee

expression “conditions of eligibility” by “criteria of eligibility” and not to recommend conferring on the Steering Committee the power to evaluate individual candidatures prior to the commencement of the electoral process. The Board had found that there was no need to amend the eligibility criteria for candidatures for the Office of President of the Bank Group.

15 The Board of Directors had fully endorsed the views of the consultant that the Steering Committee's functions remain as stipulated and that its function to publish the list of duly registered candidatures also remain unchanged. The Board of Directors had considered it inappropriate for the Steering Committee to comment on or to assess the dossiers of candidates. Concerning the question of multiple secondments and withdrawals of a secondment, the Board of Directors had recommended that no amendment be made to the election rules that might limit or restrict the sovereign choices of member States of the Bank in the election of the President.

16 Concerning the consultant's proposal to provide for consultations with the last two candidates in the event of a deadlock, the Board of Directors had recommended that the Board of Governors not approve that proposal in order not to erode the foundations of the democratic election process. The Board of Directors had also recommended not adopting the consultant's recommendation to disqualify persons who were candidates in a failed election.

17 In addition, the Board of Directors had made considerable proposals and provided comments concerning the proposed revision of the rules of procedure governing the election of the President of the Bank Group.

18 The Governor for the Congo suggested that consistent with the African character of the Bank, only a Vice-President from an African country should be considered eligible to serve as acting President. The General Counsel assured the GCC that this was exactly the case in the proposal that had been submitted for approval.

Agenda item 3.4 Draft Board of Governors’ Resolution regarding the Application of the Code of Conduct for the Executive Directors of the African Development Bank and the African Development Fund to the President of the Bank Group (ADB/BG/WP/2008/14)

19 The GCC reviewed the proposal submitted by the Board of Directors, in particular the related draft Resolution prepared by the Ethics Committee of that Board. The GCC noted that the President is elected in accordance with Article 36 of the Agreement establishing the Bank, and in accordance with the provisions of the Code of Conduct for Staff of the Bank is required to submit to a committee of the Board of Governors a confidential statement of all financial and business interests. Given the vacuum in the Bank’s instruments in this regard, the President of the Bank Group also voluntarily agreed in writing to be bound by the provisions of the Code of Conduct applicable to members of the Board of Directors. The proposal of the Board of Directors seeks to formalize the decision of the President through the draft Resolution confirming the application to the President of the Code of Conduct for Executive Directors, as well as sets out the procedure for a preliminary investigation of complaints. The GCC noted the practice in other institutions and recommended the approval of the proposal and the related draft resolution by the Board of Governors.

Report on of the Eighth Meeting of the Governors’ Consultative Committee

20 The President provided certain clarifications, specifically:

(i) That on the commencement of his term of office, he was advised that there was a Code of Conduct for the staff and a Code of Conduct for members of the Board of Directors, each of which has its own enforcement mechanism. However, the Bank did not have a Code of Conduct for the President.

(ii) Although the General Counsel and the Board of Directors had advised him that the application of the Code of Conduct to him was not part of his terms and conditions of service, and as such that the Code of Conduct could only apply to him with his consent, he voluntarily decided: (a) to adhere to the Code of Conduct applicable to the Board of Directors; and (b) to subject himself to the enforcement mechanism that will be set up under the Resolution that the Board of Governors were going to approve.

(iii) He noted that future Presidents will be bound by the Code of Conduct for the Board of Directors should the Board of Governors approve the draft Resolution under consideration, but that such Presidents may request to be submitted to such different enforcement mechanism as may be established by the Board of Governors, in accordance with the provisions of Article 36 of the Agreement Bank.

21 The Chairperson of the GCC took note of those clarifications and requested that they be included in the record.

Maputo, Mozambique, 14 May 2008

Mr. Aiuba CUERENEIA Chairperson of the Boards of Governors

ANNEX 5: LIST OF PARTICIPANTS

MEMBER STATES / ETATS MEMBRES Chairman Boards of Governors

Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

CHAIRMAN Mr. CUERENEIA AIUBA MINISTER AVENUE AHMED SEKOU TOURE N° 21 Chairman Board of Governors MINISTRY OF PLANNING AND DEVELOPMENT 4° ANDAR P.O. BOX NR 272 MAPUTO

Total From Chairman Boards of Governors 1

Member States Final List May 15, 2008 11:07 AM Page 1 of 71 Member States of ADB

Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

ALGERIA M. BOUTABBA MILOUD SECRETAIRE GENERALE IMMEUBLE AHMED FRANCIS BEN AKNOUN Temp. Governor MINISTERE DES FINANCES ALGER

16/05/2008 17:35 TP278

M. MESSOUCI MOHAMED DIRECTEUR DES RELATIONS FINANCIERES IMMEUBLE AHMED FRANCIS BEN AKNOUN MULTILATERALES Temp. Alt. Governor ALGER MINISTERE DES FINANCES

16/05/2008 17:35 TP278

M. MANSEUR AHCENE CONSEILLER A L'AMBASSADE AMBASSADE D'ALGERIE Adviser AMBASSADE D'ALGERIE TUNIS

ANGOLA Dr. GRACA JOB VICE MINISTER OF FINANCE LARGO DE MUTAMBA Temp. Governor MINISTRY OF FINANCE CP 1235 LUANDA 16/05/2008 07:00 TM301

Dr. CARVALHO DOS SANTOS RUI DIRECTOR, CABINET OF THE VICE- MINISTER OF LARGO DE MUTAMBA FINANCE Adviser CP 1235 MINISTRY OF FINANCE LUANDA

16/05/2008 07:00 TM 301

Dr. NETO COSTA MANUEL DIRECTOR, INTERNATIONAL RELATIONS LARGO DE MUTAMBA Adviser MINISTRY OF FINANCE CP 1235 LUANDA 16/04/2008 07:00 TM 301

Member States Final List May 15, 2008 11:07 AM Page 2 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. SOITO BENTO DOS SANTOS F. VICE-GOVERNOR Adviser LUANDA PROVINCIAL

Mr. BONGO PASSI ANTONIO DEPUTY DIRECTOR FOR INT'L RELATIONS C.P. 1243 Adviser BANCO NACIONAL DE ANGOLA AVENIDA 4 DE FEVEREIRO N°151 LUANDA

Mr. YABA GARCIA AVELINO PREMIER SECRETAIRE BEIJING Adviser EMBASSY OF ANGOLA IN MOZAMBIQUE

ARGENTINA M. BOLÓ BOLAÑO CARLOS DIRECTEUR HIPO' LITO YRIGOYEN 250 Temp. Alt. Governor MINISTRY OF ECONOMY AND PRODUCTION 8TH FLOOR - ROOM BUENOS AIRES CI 086 AAB 19/05/2008 08:00 TM 301

AUSTRIA Mr. MATZNETTER CHRISTOPH STATE SECRETARY HIMMELPFORTGASSE 4-8 Temp. Governor FEDERAL MINISTRY OF FINANCE 1010 VIENNA A-1015 17/05/2008 15:55

Mr. HEINZ MARCUS DIRECTOR HIMMELPFORTGASSE 4-8 Temp. Alt. Governor FEDERAL MINISTRY OF FINANCE 1010 VIENNA A-1015 16/05/2008 15:55 SA145

Member States Final List May 15, 2008 11:07 AM Page 3 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. RENDL ANDREAS SECRETARY OF THE STATE HIMMELPFORTGASSE 4-8 Adviser FEDERAL MINISTRY OF FINANCE 1010 VIENNA A-1015 17/05/2008 15:55

Mrs. NOVOTNY IRENE HEAD OF OFFICE OF THE COORDINATION OFFICE FOR DEVELOPMENT COOPERATION IN MAPUTO Adviser AUSTRIAN EMBASSY

BELGIUM M. GODTS FRANCISCUS ADMINISTRATEUR DES QUESTIONS 30, AVENUE DES ARTS FINANCIERES INT'L & EUROPEENNES Temp. Governor BRUXELLES B-1040 MINISTERE DES FINANCES

BENIN Mr. DAHOUN DIEUDONNÉ BLÉOSSI DIRECTEUR GÉNÉRAL DES POLITIQUES DE 01 BP 2123 DÉVELOPPEMENT Temp. Governor Cotonou / Bénin MINISTERE D'ETAT CHARGE DE LA PROSP. DEV. & EVALUAT° ACTION PUBLIQUE

17/05/2008 11:30 SA 143

Mme DINE DE MEDEIROS SAODATOU DIRECTRICE GENERALE ADJOINTE 01 BP 59 Temp. Alt. Governor CAISSE AUTONOME D'AMORTISSEMENT COTONOU

16/05/2008 07:00 TM 301

M. CODJIA BERTRAND DIRECTEUR GENERAL DU BUDGET Adviser MINISTERE D'ETAT CHARGE DE L'ECO. DE LA PROSPECT DU DEV. & EVAL.

Member States Final List May 15, 2008 11:07 AM Page 4 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. AKINDE ROBERT CONSEILLER TECHNIQUE A LA ZONE FRANCHE COTONOU Adviser MINISTERE DE L'INDUSTRIE ET DU COMMERCE

BISSAU-GUINEA M. DAHABA ABUBACAR DEMBA MINISTRE AVENUE AMILCAR CABRAL N°37 Governor MINISTERE DE L'ECONOMIE & L'INTEGRATION CP 6 REGIONALE BISSAU

15/05/2008 11:40 SA 143

M. DA SILVA VASCO DIRECTEUR GENERAL DU PLAN AVENUE AMILCAR CABRAL N°37 Temp. Alt. Governor MINISTERE DE L'ECONOMIE & L'INTEGRATION CP 6 REGIONALE BISSAU

16/05/2008 17:35 TP278

M. CORREIA FERNANDO JORGE H. DIRECTEUR AVENUE AMILCAR CABRAL N°37 Adviser MINISTERE DE L'ECONOMIE & L'INTEGRATION CP 6 REGIONALE BISSAU

BOTSWANA Hon. MOYO GUMA SAMSON ASSISTANT MINISTER PRIVATE BAG 008 Governor MINISTRY OF FINANCE AND DEVELOPMENT PLANNING GABORONE

16/05/2008 00:00

Dr. NYAMADZABO TAUFILA SECRETARY FOR ECONOMIC AFFAIRS PRIVATE BAG 008 Alternate Governor MINISTRY OF FINANCE AND DEVELOPMENT PLANNING GABORONE

16/05/2008 00:00

Member States Final List May 15, 2008 11:07 AM Page 5 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. MADIKWE ARNOLD K. AFDB CONTACT PERSON PRIVATE BAG 008 Adviser MINISTRY OF FINANCE AND DEVELOPMENT PLANNING GABORONE

16/05/2008 00:00

Ms. SETILO ELSI M. PRIVATE SECRETARY TO THE ASSISTANT PRIVATE BAG 008 MINISTER Adviser GABORONE MINISTRY OF FINANCE AND DEVELOPMENT PLANNING

16/05/2008 00:00

Mr. TUMELO SERWALO PRIVATE BAG 008 Adviser MINISTRY OF FINANCE AND DEVELOPMENT PLANNING GABORONE

Ms. SERAME PEGGY PRIVATE BAG 008 Adviser MINISTRY OF FINANCE AND DEVELOPMENT PLANNING GABORONE

BRAZIL Mr. ROSA ALEXANDRE SECRETARY OF INTERNATIONAL AFFAIRS C/O SECRETARIA DE ASSUNTOS INTERNACION. Temp. Governor MINISTRY OF PLANNING, BUDGET AND MANAGEMENT B1. K 5° ANDAR BRASILIA 70040-906 16/05/2008 11:40 143

BURKINA FASO M. BEMBAMBA LUCIEN MARIE NOEL MINISTRE DELEGUE CHARGE DU BUDGET 03 BP 7067 Temp. Governor MINISTERE DES FINANCES ET DU BUDGET OUAGADOUGOU 03

Member States Final List May 15, 2008 11:07 AM Page 6 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. SEGBO LENE DIRECTEUR GENERAL DE LA COOPERATION 03 B.P. 7067 Alternate Governor MINISTERE DE L'ECONOMIE ET DES FINANCES OUAGADOUGOU 03

16/05/2008 15:55 SA 145

BURUNDI Mme NIZIGAMA CLOTILDE MINISTRE B.P. 1830 Governor MINISTERE DE L'ECONOMIE, DES FINANCES & BUJUMBURA COOPERATION AU DEVELOPPEMENT

17/05/2008 08:00 TM 464

M. MANIRAKIZA TABU ABDALLAH VICE MINISTRE BP 1830 Alternate Governor MINISTERE DE LA PLANIFICATION, DU DEVELOPPEMENT BUJUMBURA & RECONSTRUCTION

17/05/2008 08:00 TM 464

M. MUDEREGA PAMPHILE SECRETAIRE PERMANENT B.P. 1830 Adviser MINISTERE DE L'ECONOMIE, DES FINANCES & BUJUMBURA COOPERATION AU DEVELOPPEMENT

17/05/2008 08:00 TM 464

M. SINDAYIGAYA GASPARD GOUVERNEUR AVENUE DU GOUVERNEMENT N° 1 Adviser BANQUE DE LA REPUBLIQUE DU BURUNDI B.P. 705 BUJUMBURA 17/05/2008 08:00 TA 464

M. NTIRANDEKURA JOSEPH CONSEILLER TECHNIQUE AU CABINET DU B.P. 1830 MINISTRE Adviser BUJUMBURA MINISTERE DE L'ECONOMIE, DES FINANCES & COOPERATION AU DEVELOPPEMENT

17/05/2008 08:00 TM 464

CAMEROON

Member States Final List May 15, 2008 11:07 AM Page 7 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. MOTAZE LOUIS PAUL MINISTRE YAOUNDE Governor MINISTERE DE L' ECONOMIE, PLAN.. & AMENAG. DU TERRITOIRE

M. EVOU MEKOU DIEUDONNE DIRECTEUR GENERAL BP 7167 Temp. Alt. Governor CAISSE AUTONOME D'AMORTISSEMENT YAOUNDE

M. MBAPPOU EDJENGUELE RENE PRESIDENT DU COMITE TECHNIQUE DU SUIVI YAOUNDE DES PROG. ECONOMIQUES Adviser MINISTERE DE L'ECONOMIE ET DES FINANCES

M. BOULLEYS BOUNOA BELLO ROBERT SOUS-DIRECTEUR AFRIQUE - COOPERATION YAOUNDE ECONOMIQUE Adviser MINISTERE DE L'ECONOMIE ET DES FINANCES

Mme NIYABI EKOUE MARTINE SIDONIE CHARGEE D'ETUDES ASSISTANT Adviser MINISTERE DE L'URBANISME

CANADA Mrs. KOSTIUK NADIA VICE PRESIDENT - AFRICA BRANCH 200 PROMENADE DU Temp. Governor CANADIAN INTERNATIONAL DEVELOPMENT AGENCY PORTAGE, GATINEAU KIA 064 HULL 16/05/2008 17:30 CAR

Mr. HOLLMANN JASON SENIOR PROGRAM MANAGER 200 PROMENADE DU Temp. Alt. Governor CANADIAN INTERNATIONAL DEVELOPMENT AGENCY PORTAGE, GATINEAU KIA 064 HULL 17/05/2008 11:40 143

Member States Final List May 15, 2008 11:07 AM Page 8 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. HILL JAMES K. HIGH COMMISSIONER MAPUTO Adviser CANADIAN HIGH COMMISSION

Ms. AUBUT GISELE SPECIAL ADVISER 200 PROMENADE DU Adviser CANADIAN INTERNATIONAL DEVELOPMENT AGENCY PORTAGE, GATINEAU KIA 064 HULL 16/05/2008 00:00

Mrs. SAHASMARTIN IOANNA SENIOR DEVELOPMENT POLICY ADVISOR 125 PROMENADE SUSSEX Adviser MINISTERE DES AFFAIRES ETRANGERES OTTAWA K1A OG2

16/05/2008 17:35 278

Mr. BAKER PHILIP MINISTER COUNSELLOR (DEVELOPMENT) MAPUTO Adviser CANADIAN HIGH COMMISSION

Mr. LEMIEUX PATRICK FIRST SECRETARY (DEVELOPMENT) MAPUTO Adviser CANADIAN HIGH COMMISSION

Ms. MAGNELI LURDES TRADE COMMISSIONER / PERPA MAPUTO Adviser CANADIAN HIGH COMMISSION

CAPE VERDE M. BORGES JORGE ALBERTO DA SILVA SECRETAIRE D'ETAT ADJOINT Temp. Governor MINISTERE DE L'ECONOMIE, CROISSANCE & COMPETITIVIT

16/05/2008 00:00

Member States Final List May 15, 2008 11:07 AM Page 9 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. FERREIRA CARLOS CONSEILLER CP N°30 Temp. Alt. Governor MINISTERE DES FINANCES & DE L'ADMINISTRATION AVENUE AMILCAR CABRAL PUBLIQUE PRAIA

16/05/2008 00:00

CENTRAL AFRICAN REPUBLIC S.E.M. MALIKO SYLVAIN MINISTRE D'ETAT B.P. 912 Governor MINISTERE D'ETAT AU PLAN, A L'ECONOMIE, & A LA BANGUI COOP. INT'LE

14/05/2008 15:55 SA145

CHAD M. OUSMANE MATAR BREME MINISTRE BP. 1097 Governor MINISTERE DE L'ECONOMIE ET DU PLAN N'DJAMENA

16/05/2008 00:00

M. MBAIRO BAIGUEDEM DIRECTEUR DE LA PROGRAMMATION DES INVESTISSEMENTS PUBLICS Adviser MINISTERE DES FINANCES ET DU BUDGET CHAD

16/05/2008 00:00

M. GOUKOUNI SIDIMI ADJOINT AU DIRECTEUR DE LA DETTE Adviser MINISTERE DES FINANCES ET DU BUDGET CHAD

CHINA Mr. MA DELUN DEPUTY GOVERNOR 32 CHENG FANG STREET Temp. Governor PEOPLE'S BANK OF CHINA WEST CITY DISTRICT BEIJING 100800 15/05/2008 07:00 TM301

Member States Final List May 15, 2008 11:07 AM Page 10 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Ms. JIN LUO DEPUTY DIRECTOR-GENERAL OF 32 CHENG FANG STREET INTERNATIONAL DEPARTMENT Temp. Alt. Governor WEST CITY DISTRICT PEOPLE'S BANK OF CHINA BEIJING 100800

15/05/2008 07:00 TM301

Mr. HUANG LIANGBO PRESIDENT OF NANNING SUB-BRANCH 32 CHENG FANG STREET Adviser PEOPLE'S BANK OF CHINA WEST CITY DISTRICT BEIJING 100800 15/05/2008 07:00 TM301

Mr. XILONG XU GENERAL MANAGER Adviser AGRICULTURAL BANK OF CHINA

14/05/2008 11:45 KQ440

Mr. ZHOU ZHE FIRST SECRETARY 32TH CHENG FANY STREET Adviser MINISTRY OF FOREIGN AFFAIRS WEST CITY DISTRICT BEIJING 17/05/2008 11:40 SA143

Mr. TIAN JIANHUA DEPUTY DIRECTOR GENERAL 15 FINANCIAL STREET Adviser CHINA BANKING REGULATORY COMMISSION WEST CITY DISTRICT BEIJING 14/05/2008 11:45 KQ440

Mr. JIAO JINPU DEPUTY DIRECTOR-GENERAL OF THE 32 CHENG FANG STREET RESEARCH BUREAU Adviser WEST CITY DISTRICT PEOPLE'S BANK OF CHINA BEIJING 100800

14/05/2008 11:45 KQ440

Mr. XU JIANJUN DIRECTOR OF MULTILATERAL DEVELOPMENT 32 CHENG FANG STREET BANKS DIVISION, INTERNATIONAL DEPARTMENT Adviser WEST CITY DISTRICT PEOPLE'S BANK OF CHINA BEIJING 100800

15/05/2008 07:00 TM301

Member States Final List May 15, 2008 11:07 AM Page 11 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. CAO JIECUN MANAGER Adviser AGRICULTURAL BANK OF CHINA

14/05/2008 11:45 KQ440

Mr. BU YU CHIEF REPRESENTATIVE FOR AFRICA 32 CHENG FANG STREET Adviser PEOPLE'S BANK OF CHINA WEST CITY DISTRICT BEIJING 100800 15/05/2008 07:40 TM301

Mr. SUN LEI SECTION CHIEF 15, Financial Street Adviser rr West City District

14/05/2008 11:45 KQ440

Ms. LI XIAOPING SECTION-CHIEF 32 CHENG FANG STREET Adviser PEOPLE'S BANK OF CHINA WEST CITY DISTRICT BEIJING 100800 14/05/2008 11:45 KQ440

Ms. WANG JING SECTION CHIEF 32 CHENG FANG STREET Adviser PEOPLE'S BANK OF CHINA WEST CITY DISTRICT BEIJING 100800 16/05/2008 11:40 SA143

Ms. WANG TIAN DEPUTY SECTION-CHIEF, RESEARCH BUREAU 32 CHENG FANG STREET Adviser PEOPLE'S BANK OF CHINA WEST CITY DISTRICT BEIJING 100800 14/05/2008 11:45 KQ440

Mr. LIANG QIYONG DEPUTY SECTION-CHIEF 32 CHENG FANG STREET Adviser PEOPLE'S BANK OF CHINA WEST CITY DISTRICT BEIJING 100800 16/05/2008 11:40 SA143

Member States Final List May 15, 2008 11:07 AM Page 12 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Ms. MA HUI DEPUTY SECTION CHIEF 32 CHENG FANG STREET Adviser PEOPLE'S BANK OF CHINA WEST CITY DISTRICT BEIJING 100800 14/05/2008 11:45 KQ440

Mr. HE GUANGWEN PROFESSOR, BUSINESS & MANAGEMENT SCHOOL Adviser CHINA AGRICULTURAL UNIVERSITY

14/05/2008 11:45 KQ440

Prof. GUANGWEN HE PROFESSOR, BUSINESS & MANAGEMENT SCHOOL Adviser CHINA AGRICULTURAL UNIVERSITY

Mr. WANG JINGGUO SECRETARY OF THE DEPUTY GOVERNOR 32 CHENG FANG STREET Adviser PEOPLE'S BANK OF CHINA WEST CITY DISTRICT BEIJING 100800 15/05/2008 07:00 TM301

COMOROS M. MOHAMED ALI SOILIHI MINISTRE B.P. 988 Governor MINISTERE DES FINANCES, DU BUDGET ET DU PLAN MORONI

16/05/2008 13:15 KQ 486

M. ABDILLAHI SAID DIRECTEUR GÉNÉRAL PLACE DE FRANCE Alternate Governor BANQUE DE DEVELOPPEMENT DES COMORES B.P. 298 MORONI 16/05/2008 13:15 KQ 486

Mme ALFEINE TADJIDDINE SITI SOIFIAT COMMISSAIRE GENERALE AU PLAN B.P. 988 Adviser MINISTERE DES FINANCES, DU BUDGET ET DU PLAN MORONI

15/05/2008 07:00 TM301

Member States Final List May 15, 2008 11:07 AM Page 13 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

CONGO M. ISSOIBEKA PACIFIQUE MINISTRE B.P. 2083 Governor MINISTERE DE L'ECONOMIE, DES FINANCES & DU BRAZZAVILLE BUDGET

16/05/2008 22:15

M. OKOUYA CLOTAIRE CLAVER CONSEILLER ECONOMIQUE ET FINANCIER DU B.P. 2083 PRÉSIDENT DE LA RÉPUBLIQUE Adviser BRAZZAVILLE MINISTERE DE L'ECONOMIE, DES FINANCES & DU BUDGET

17/05/2008 15:55

M. IKEMO THEODORE DIRECTEUR GENERAL DE LA CAA AVENUE FOCH Adviser CAISSE CONGOLAISE D'AMORTISSEMENT B.P. 2090 BRAZZAVILLE 16/05/2008 00:00

M. IBARA JOSEPH CONSEILLER ECONOMIQUE DU MINISTRE B.P. 2083 Adviser MINISTERE DE L'ECONOMIE, DES FINANCES & DU BRAZZAVILLE BUDGET

16/05/0008 00:00

M. EPENIT KAZABAND ROSTAND ATTACHÉ À LA MONNAIE, BANQUE ET MICRO B.P. 2083 EVENCE MARCEL FINANCE BRAZZAVILLE MINISTERE DE L'ECONOMIE, DES FINANCES & DU Adviser BUDGET

17/05/2008 15:55

COTE D'IVOIRE M. BOHOUN BOUABRE PAUL-ANTOINE MINSTRE D'ETAT B.P. V 165 Governor MINISTERE D'ETAT, MINISTERE DU PLAN ET DU ABIDJAN DEVELOPPEMENT

12/05/2008 07:00 TM

M. ASSEMIEN ALEXANDRE C. DIRECTEUR DE CABINET B.P. V 165 Temp. Alt. Governor MINISTERE D'ETAT, MINISTERE DU PLAN ET DU ABIDJAN DEVELOPPEMENT

16/05/2008 07:00 TM

Member States Final List May 15, 2008 11:07 AM Page 14 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. KONAN KOUACOU ADRIEN DIRECTEUR DE CABINET ABIDJAN Adviser MINISTERE DES INFRASTRUCTURE ECONOMIQUES

M. DIABY LANCINE DIRECTEUR DU DEVELOPPEMENT B.P. V 165 Adviser MINISTERE D'ETAT, MINISTERE DU PLAN ET DU ABIDJAN DEVELOPPEMENT

16/05/2008 07:00 TM

M. FOFANA BOUAKE ABIDJAN Adviser MINISTERE DES INFRASTRUCTURE ECONOMIQUES

M. ZOUZOUA WALY RAYMOND CHARGE DE MISSION B.P. V 165 Adviser MINISTERE D'ETAT, MINISTERE DU PLAN ET DU ABIDJAN DEVELOPPEMENT

15/05/2008 07:00 TM

DEMOCRATIC REP. OF CONGO S.E.M. MATENDA KYELU ATHANASE MINISTRE BOULEVARD DU 30 JUIN N° 2008 Governor MINISTERE DES FINANCES B.P. 12997 KINSHASA I

M. MASANGU MULONGO JEAN CLAUDE GOUVERNEUR 563 BOULEVARD COLONEL TSHATSHI Alternate Governor BANQUE CENTRALE DU CONGO B.P. 2697 KINSHASA I

S.E.M. MUZITO ADOLPHE MINISTRE IMMEUBLE ALHADEFF Adviser MINISTERE DU BUDGET BOULEVARD DO 30 JUIN KINSHASA

Member States Final List May 15, 2008 11:07 AM Page 15 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. MATATA PONYO MAPON DIRECTEUR GENERAL - BUREAU CENTRAL DE BOULEVARD DU 30 JUIN N° 2008 COORDINATION Adviser B.P. 12997 MINISTERE DES FINANCES KINSHASA I

M. YALAGHULI SELE CONSEILLER EN CHARGE DE COOPERATIONS BI BOULEVARD DU 30 JUIN N° 2008 ET MULTILATERALE Adviser B.P. 12997 MINISTERE DES FINANCES KINSHASA I

M. LUWANSANGU MUHETA PAUL CONSEILLER DU MINISTRE IMMEUBLE ALHADEFF Adviser MINISTERE DU BUDGET BOULEVARD DO 30 JUIN KINSHASA

M. LUMBILA KEVIN DIRECTEUR DELEGUE GENERAL DE L'OGEDEP AVENUE LUBEFU N°20 Adviser MINISTERE DES FINANCES B. P. 12997 KINSHASA 1

M. KABAMBI WA ILUNGA CONSEILLER DU GOUVERNEUR 563 BOULEVARD COLONEL TSHATSHI Adviser BANQUE CENTRALE DU CONGO B.P. 2697 KINSHASA I

Mr. BOOLE NDOMBO B. JEAN-MARIE DIRECTEUR DES ETUDES - OFFICE DE GESTION BOULEVARD DU 30 JUIN N° 2008 DE LA DETTE PUB. Adviser B.P. 12997 MINISTERE DES FINANCES KINSHASA I

M. TSHIMANGA MUKANBA J.J. COORDONNATEUR DE L'UEP-BAD AU BCECO 563 BOULEVARD COLONEL TSHATSHI Adviser BANQUE CENTRALE DU CONGO B.P. 2697 KINSHASA I

Member States Final List May 15, 2008 11:07 AM Page 16 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. SHULUNGU RUNIKA ROGER SECRETAIRE PERMANENT DU COMITE TECHN. BOULEVARD DU 30 JUIN N° 2008 DE SUIVI DES REFORMES ECO Adviser B.P. 12997 MINISTERE DES FINANCES KINSHASA I

Mme NDAYA ILUNGA MARIE JOSEE CHEF DE SERVICE 563 BOULEVARD COLONEL TSHATSHI Adviser BANQUE CENTRALE DU CONGO B.P. 2697 KINSHASA I

Mme INAGOSI BULO IBAMBI CONSEILLERE EN COMMUNICATION AVENUE LUBEFU N°20 GENEVIEVE MINISTERE DES FINANCES B. P. 12997 Adviser KINSHASA 1

Mr. BOLIYA MOKWELE JEAN PIERRE PARSEC DU MINISTRE IMMEUBLE ALHADEFF Adviser MINISTERE DU BUDGET BOULEVARD DO 30 JUIN KINSHASA

M. IDONGE SEFU SECRETAIRE DU MINISTRE BOULEVARD DU 30 JUIN N° 2008 Adviser MINISTERE DES FINANCES B.P. 12997 KINSHASA I

DENMARK Ms. KNUDSEN METTE HEAD OF THE AFRICA DEPARTMENT ASIATISK PLADS2 Temp. Governor MINISTRY OF FOREIGN AFFAIRS COPENHAGEN K DK-1448

21/05/2008 11:40 SA143

Mr. TRUELSEN PETER MINISTER COUNSELLOR ASIATISK PLADS2 Temp. Alt. Governor MINISTRY OF FOREIGN AFFAIRS COPENHAGEN K DK-1448

Member States Final List May 15, 2008 11:07 AM Page 17 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

DJIBOUTI Mr. FARAH ASSOWEH ALI MINISTRE BP 24 Governor MINISTERE DES FINANCES, DE L'ECO. NAT. & DE LA DJIBOUTI PLANIFICATION

16/05/2008 07:00 TM 301

M. HAID MAHAMOUD DJAMA GOUVERNEUR B.P. 2118 Alternate Governor BANQUE CENTRALE DE DJIBOUTI DJIBOUTI

16/05/2008 07:00 TM 301

Mr. AWALEH MOHAMED AHMED SECRETAIRE D'ETAT Adviser SECRETARIAT D'ETAT A LA SOLIDARITE NATIONALE

M. ISMAEL HASSAN SAID DIRECTEUR DES FINANCES BP 24 Adviser MINISTERE DES FINANCES, DE L'ECO. NAT. & DE LA DJIBOUTI PLANIFICATION

EGYPT Mr. MAHMOUD ABD EL- AZIZ M. SENIOR ADVISOR TO THE GOVERNOR 31 KASR-EL-NIL STREET Temp. Governor CENTRAL BANK OF EGYPT CAIRO 11611

16/05/2008 15:55 SA 145

EQUATORIAL GUINEA M. EBE MBA MARTIN CRISANTOS P.O. BOX 408 Temp. Governor MINISTERE DES FINANCES ET DU BUDGET C/ ABILIO BALBAO MALABO 15/05/2008 04:22

Member States Final List May 15, 2008 11:07 AM Page 18 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. ABAGA NCHAMA LUCAS SECRETAIRE GENERAL DES FINANCES - P.O. BOX 408 EQUATORIAL GUINEA Temp. Alt. Governor C/ ABILIO BALBAO MINISTERE DES FINANCES ET DU BUDGET MALABO

15/05/2008 00:00

Mme MUKUE MOYO TECLA Adviser MINISTERE DE L'ECONOMIE

ETHIOPIA Mr. MANYAZEWAL MEKONNEN MINISTRY OF FINANCE AND ECONOMIC P.O. BOX 1905 DEVELOPMENT Temp. Governor ADDIS ABABA MINISTRY OF FINANCE & ECONOMIC DEVELOPMENT

16/05/2008 11:40 SA 443

Mr. KOKEB WORKENEH SENIOR EXPERT, MULTILATERAL COOPERATION P.O. BOX 1905 DEPARTMENT, MOFED Temp. Alt. Governor ADDIS ABABA MINISTRY OF FINANCE & ECONOMIC DEVELOPMENT

16/05/2008 11:40 SA 443

FINLAND Ms. RASI MARJATTA P.O. BOX 176 Governor MINISTRY FOR FOREIGN AFFAIRS HELSINKI 00161

16/05/2008 05:38

Mr. HUKKA PEKKA DIRECTOR P.O. BOX 176 Temp. Alt. Governor MINISTRY FOR FOREIGN AFFAIRS HELSINKI 00161

16/05/2008 11:40

Member States Final List May 15, 2008 11:07 AM Page 19 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Ms. MÄENPÄÄ SIRPA DEPUTY DIRECTOR GENERAL P.O. BOX 176 Adviser MINISTRY FOR FOREIGN AFFAIRS HELSINKI 00161

16/05/2008 11:40

Ms. KARLSSON LOTTA HEAD OF COOPERATION P.O. BOX 176 Adviser MINISTRY FOR FOREIGN AFFAIRS HELSINKI 00161

Amb. ALANKO KARI AMBASSADOR, EMBASSY OF FINLAND IN Embassy of Finland MAPUTO Adviser P.O. Box 1663 EMBASSY OF FINLAND

Ms. KOSKI PAULA COUNSELLOR P.O. BOX 176 Adviser MINISTRY FOR FOREIGN AFFAIRS HELSINKI 00161

16/05/2008 11:40 SA 143

FRANCE M. RENCKI JULIEN SOUS DIRECTEUR AFFAIRES FINANCIÈRES 139, RUE DE BERCY INTERNATIONALES ET DEVT Temp. Governor PARIS CEDEX 12 75572 MINISTERE DE L'ECONOMIE, DES FINANCES & DE L' INDUSTRIE

14/05/2008 19:50 TP0276

M. CIENIEWSKI STÉPHANE CHEF DU BUREAU COOPÉRATION MONÉTAIRE 139, RUE DE BERCY ET DEVT AVEC PAYS ACP ZONE FRANC Temp. Alt. Governor PARIS CEDEX 12 75572 MINISTERE DE L'ECONOMIE, DES FINANCES & DE L' INDUSTRIE

14/05/2008 19:50 TP 0276

Mr. MOINEVILLE JEAN-JACQUES DIRECTEUR DU DEPARTEMENT AFRIQUE 5, RUE ROLAND BARTHES Adviser AGENCE FRANCAISE DE DEVELOPPEMENT PARIS 75598 CEDEX 12

15/05/2008 15:55 SA 145

Member States Final List May 15, 2008 11:07 AM Page 20 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. DE CAZOTTE HENRY DIRECTEUR DU DÉPARTEMENT RELATIONS 5, RUE ROLAND BARTHES EXTÉRIEURES ET COMMUNICATION Adviser PARIS 75598 CEDEX 12 AGENCE FRANCAISE DE DEVELOPPEMENT

15/05/2008 17:30 TM 305

M. LECLERC BRUNO DIRECTEUR DE L'AGENCE DE MAPUTO 5, RUE ROLAND BARTHES Adviser AGENCE FRANCAISE DE DEVELOPPEMENT PARIS 75598 CEDEX 12

M. DUCROCQ AYMERIC ADJOINT AU CHEF DE BUREAU AIDE AU 139, RUE DE BERCY DÉVELOPPEMENT ET INSTITUTIONS Adviser PARIS CEDEX 12 75572 MULTILATÉRALES MINISTERE DE L'ECONOMIE, DES FINANCES & DE L' INDUSTRIE

16/05/2008 17:35 TP 0278

M. ROCHER EMMANUEL ADJOINT AU CHEF DE SERVICE DE LA ZONE 39, RUE CROIX-DES-PETITS-CHAMPS FRANC Adviser BP 140-01 BANQUE DE FRANCE 75049 PARIS CEDEX 01 09-1060

17/05/2008 15:55 SA3145

Mme JOSSELIN CHRISTELLE CHARGÉE DE MISSION BANQUES DE 5, RUE ROLAND BARTHES DÉVELOPPEMENT Adviser PARIS 75598 CEDEX 12 AGENCE FRANCAISE DE DEVELOPPEMENT

15/05/2008 17:55 SA 145

M. VITEAU THIERRY AMBASSADEUR Adviser AMBASSADE DE FRANCE A MAPUTO

M. PETIT DE LA VILLEON GILLES CONSEILLER Adviser AMBASSADE DE FRANCE A MAPUTO

Member States Final List May 15, 2008 11:07 AM Page 21 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. MOUSSET STEPHANE 139, RUE DE BERCY Adviser MINISTERE DE L'ECONOMIE, DES FINANCES & DE L' PARIS CEDEX 12 75572 INDUSTRIE

Mme PERI ELISABETH ANNE 37 QUAI D'ORSAY Adviser MINISTERE DES AFFAIRES ETRANGERES PARIS

14/05/2008 19:50 TP 276

GABON M. TOUNGUI PAUL MINISTRE D'ETAT B.P. 165 Governor MINISTERE DE L'ECONOMIE, DES FINANCES, DU BUDGET LIBREVILLE & DE LA PRIVAT.

M. IMMONGAULT REGIS CONSEILLER FINANCIER DU MINISTRE D'ETAT B.P. 165 Adviser MINISTERE DE L'ECONOMIE, DES FINANCES, DU BUDGET LIBREVILLE & DE LA PRIVAT.

M. MAPESSI PAUL CHARGE D'ETUDES AU CABINET DU MINISTRE B.P. 165 Adviser MINISTERE DE L'ECONOMIE, DES FINANCES, DU BUDGET LIBREVILLE & DE LA PRIVAT.

M. MFOUO DANIEL AIDE DE CAMP DU MINISTRE D'ETAT B.P. 165 Adviser MINISTERE DE L'ECONOMIE, DES FINANCES, DU BUDGET LIBREVILLE & DE LA PRIVAT.

GAMBIA (The)

Member States Final List May 15, 2008 11:07 AM Page 22 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. BALA-GAYE MOUSA GIBRIL SECRETARY OF STATE DEPARTMENT OF STATE Governor DEPARTMENT OF STATE FOR FIN. & ECO. AFFAIRS THE QUADRANGLE BANJUL

Mr. SECKA MOD. A. K. PERMANENT SECRETARY Alternate Governor MINISTRY OF FINANCE

Mr. NGUM ALIEU CHAIRMAN NATIONAL PLANNING COMMISSION DEPARTMENT OF STATE Adviser DEPARTMENT OF STATE FOR FIN. & ECO. AFFAIRS THE QUADRANGLE BANJUL

Mr. SAHO MOMODOU B. GOV. CENTRAL BANK DEPARTMENT OF STATE Adviser DEPARTMENT OF STATE FOR FIN. & ECO. AFFAIRS THE QUADRANGLE BANJUL

Mr. SAIDY BUAH DIRECTOR OF RESEARCH 1-2 ECOWAS AVENUE Adviser CENTRAL BANK OF THE GAMBIA BANJUL

GERMANY Ms. KORTMANN KARIN PARLIAMENTARY STATE SECRETARY STRESEMAUNSTR 94 Governor FEDERAL MINISTRY FOR ECONOMY COOPERATION & P.O. BOX 10963 DEVELOPMENT BERLIN

15/05/2008 15:55

Mr. DRESCHER ROLF HEAD OF DIVISION REGIONAL DEVELOPMENT STRESEMAUNSTR 94 BANKS AND FUNDS Temp. Alt. Governor P.O. BOX 10963 FEDERAL MINISTRY FOR ECONOMY COOPERATION & DEVELOPMENT BERLIN

17/05/2008 15:55 SA 3145

Member States Final List May 15, 2008 11:07 AM Page 23 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. WENN BRUNO SENIOR VICE PRESIDENT PALMENGARTENSTRASSE 5-9 Adviser KREDITANSTALT FUR WIEDERAUFBAU FRANKFURT MAIN 1 D-6000

17/05/2008 15:55 SA 143

Mr. PROKSCH ANDREAS DIRECTOR GENERAL, AFRICA DEPARTMENT D-6236 ESCHBORN Adviser DEUTSCHE GESELLSCHAFT FUR TECHN. P.O.B. 5180 ZUSAMMENARBEIT G. ESCHBORN

15/05/2008 15:55 SA145

Mr. ALBERT THOMAS AFRICA- DIRECTOR BMZ STRESEMAUNSTR 94 Adviser FEDERAL MINISTRY FOR ECONOMY COOPERATION & P.O. BOX 10963 DEVELOPMENT BERLIN

15/05/2008 15:55 SA 145

Mr. SCHAEFER GEORG AFRICA DEPARTMENT, HEAD OF ECONOMIC D-6236 ESCHBORN SECTION Adviser P.O.B. 5180 DEUTSCHE GESELLSCHAFT FUR TECHN. ZUSAMMENARBEIT G. ESCHBORN

16/05/2008 15:55 SA 145

Ms. HEINBUCH UTE HEAD OF ECONOMIC COOPERATION ABUJA Adviser EMBASSY OF GERMANY

Mr. LEIBBRANDT BERND REGIONAL MANAGER CENTRAL & WESTERN PALMENGARTENSTRASSE 5-9 AFRICA Adviser FRANKFURT MAIN 1 D-6000 KREDITANSTALT FUR WIEDERAUFBAU

16/05/2008 15:55 SA 145

Ms. TEKULVE MARIA AFDB-DESK-OFFICER STRESEMAUNSTR 94 Adviser FEDERAL MINISTRY FOR ECONOMY COOPERATION & P.O. BOX 10963 DEVELOPMENT BERLIN

16/05/2008 11:40 SA 143

Member States Final List May 15, 2008 11:07 AM Page 24 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. KRAMER STEFAN ECONOMIST STRESEMAUNSTR 94 Adviser FEDERAL MINISTRY FOR ECONOMY COOPERATION & P.O. BOX 10963 DEVELOPMENT BERLIN

17/05/2008 11:40 SA 143

Mrs. KRAEMER ANNE-KRISTIN INTERPRETER STRESEMAUNSTR 94 Adviser FEDERAL MINISTRY FOR ECONOMY COOPERATION & P.O. BOX 10963 DEVELOPMENT BERLIN

15/05/2008 17:05

Ms. THIEL ANDREA PERSONAL ASSISTANT TO MRS. KORTMAN STRESEMAUNSTR 94 Adviser FEDERAL MINISTRY FOR ECONOMY COOPERATION & P.O. BOX 10963 DEVELOPMENT BERLIN

15/05/2008 15:55 SA 145

Mr. SAUDER MARIO DEPUTY HEAD OF MISSION ABUJA Adviser EMBASSY OF GERMANY

GHANA Mr. BAAH-WIREDU KWADWO MINISTER P.O. BOX MB 40 Governor MINISTRY OF FINANCE & ECONOMIC PLANNING ACCRA

17/05/2008 11:40 SA 143

Mr. DOSOO LIONEL VAN LARE DEPUTY GOVERNOR 1 THORPE ROAD Temp. Alt. Governor BANK OF GHANA P.O. BOX 2674 ACCRA 17/05/2008 11:40 SA143

Mr. ADJEI-MENSAH KWABENA DIRECTOR OF BUDGET P.O. BOX MB 40 Adviser MINISTRY OF FINANCE & ECONOMIC PLANNING ACCRA

17/05/2008 00:00

Member States Final List May 15, 2008 11:07 AM Page 25 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Ms. ADDO MARY-ANNE DIRECTOR, EXTERNAL RESOURCES P.O. BOX MB 40 MOBILIZATION - MULTILATERAL Adviser ACCRA MINISTRY OF FINANCE & ECONOMIC PLANNING

17/05/2008 00:00

Mr. KORANTENG ERIC DEPUTY CHIEF MANAGER 1 THORPE ROAD Adviser BANK OF GHANA P.O. BOX 2674 ACCRA 17/05/2008 11:40 SA143

Mrs. AMISSAH-ARTHUR EFUA CHRISSIE CHIEF ECONOMICS OFFICER P.O. BOX MB 40 Adviser MINISTRY OF FINANCE & ECONOMIC PLANNING ACCRA

17/05/0008 00:00

Ms. DEBRA PHILOMINA ASANTEWAA ADMINISTRATIVE ASSISTANT P.O. BOX MB 40 Adviser MINISTRY OF FINANCE & ECONOMIC PLANNING ACCRA

17/05/2008 00:00

GUINEA S.E.M. DORE OUSMANE MINISTRE B.P. 579 Governor MINISTERE DE L'ECONOMIE, DES FINANCES ET DU PLAN CONAKRY

15/05/2008 17:30 TM 305

S.E.M. BAH THIERNO OUMAR MINISTRE Alternate Governor MINISTERE DES TRAVAUX PUBLIQUES, DE L'URBANISME ET DE L'HABIT

M. BANGOURA DAOUDA GOUVERNEUR 12, BOULEVARD DU COMMERCE Adviser BANQUE CENTRALE DE LA REPUBLIQUE DE GUINEE B. P. 692 CONAKRY 17/05/2008 11:40 SA 143

Member States Final List May 15, 2008 11:07 AM Page 26 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. CONDE ANSOUMANE DIRECTEUR NATIONAL DETTE ET B.P. 579 INVESTISSEMENTS PUBLICS Adviser CONAKRY MINISTERE DE L'ECONOMIE, DES FINANCES ET DU PLAN

16/05/2008 07:00 TM 301

M. KOUROUMA MOUSSA CONSEILLER DU MINISTRE B.P. 579 Adviser MINISTERE DE L'ECONOMIE, DES FINANCES ET DU PLAN CONAKRY

16/05/2008 07:00 TM 301

M. ZOGBELEMOU KEMO CHARLES CONSEILLER DU GOUVERNEUR 12, BOULEVARD DU COMMERCE Adviser BANQUE CENTRALE DE LA REPUBLIQUE DE GUINEE B. P. 692 CONAKRY 17/05/2008 11:40 SA 143

INDIA Dr. PUJARI ANUP K. JOINT SECRETARY NORTH-BLOCK Temp. Governor MINISTRY OF FINANCE NEW DELHI 110001

Shri MARWAHA RAMAN VICE PRESIDENT Adviser IL & FS INFRASTRUCTURE SERVICE INDIA

Shri VENKAT SUBRAMANIAN T.C. CHAIRMAN & MANAGING DIRECTOR CENTRE ONE, FLOOR 21 Adviser EXPORT-IMPORT BANK OF INDIA WORLD TRADE CENTRE, MUMBAI 400005 16/05/2008 07:00 TM301

Ms. TRIPATHI SHIPRA DIRECTOR & HEAD AFRICA Adviser CONFEDERATION OF INDIAN INDUSTRY

Member States Final List May 15, 2008 11:07 AM Page 27 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

H.E. Mr. BHAGAT RAJINDER HIGH COMMISSIONER P.M.B. 80128 Adviser HIGH COMMISSION OF INDIA LAGOS

Shri DALAL PRABHAKAR R. CHIEF GENERAL MANAGER CENTRE ONE, FLOOR 21 Adviser EXPORT-IMPORT BANK OF INDIA WORLD TRADE CENTRE, MUMBAI 400005 16/05/2008 07:00 TM301

Shri PAWAR SANJEEV KUMAR RESIDENT REPRESENTATIVE SAXONWOLD 2132 Adviser EXPORT-IMPORT BANK OF INDIA P.O. BOX 2018 JOHANNESBURG 16/05/2008 11:40 SA143

Mr. ALAM KAISAR SECOND SECRETARY P.M.B. 80128 Adviser HIGH COMMISSION OF INDIA LAGOS

Mr. THOMAS GIJI ATTACHE P.M.B. 80128 Adviser HIGH COMMISSION OF INDIA LAGOS

ITALY Mme SODERINI LUDOVICA DIRECTOR VIA XX SETIEMBRE 97 Temp. Governor MINISTRY OF ECONOMY AND FINANCE 00187 ROMA

16/05/2008 21:05 TP 276

JAPAN

Member States Final List May 15, 2008 11:07 AM Page 28 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. YAMASAKI TATSUO DEPUTY DIRECTOR-GENERAL OF 3-1-1 KASUMIGASEKI, INTERNATIONAL BUREAU, MINISTRY OF FINANCE Temp. Governor CHIYODA-KU MINISTRY OF FINANCE TOKYO 100-8940

15/05/2008 15:55 SA145

Mr. HIROBE NOBUHIRO DEPUTY DIRECTOR OF DEVELOPMENT 3-1-1 KASUMIGASEKI, INSTITUTIONS DIVISION Adviser CHIYODA-KU MINISTRY OF FINANCE TOKYO 100-8940

16/05/2008 11:40 SA143

Mr. TANAKA SHINICHI SETION CHIEF, DEVELOPMENT INSTITUTIONS 3-1-1 KASUMIGASEKI, DIVISION Adviser CHIYODA-KU MINISTRY OF FINANCE TOKYO 100-8940

16/05/2008 11:40 SA143

Mr. IRIE NOBUAKI OFFICER, LOAN AID DIVISION, INTERNATIONAL 2-2-1 KASURNIGASAKI COOPERATION BUREAU Adviser 100-8919 MINISTRY OF FOREIGN AFFAIRS TOKYO

17/05/2008 11:40 SA 143

KENYA Mr. KIMUNYA AMOS MINISTER THE TREASURY BUILDING Governor MINISTRY OF FINANCE HARAMBEE AVENUE P.O. BOX 30007 16/05/2008 13:15 KG 440C NAIROBI 00100

Mr. KANAGI MOSES K. CHIEF ECONOMIST THE TREASURY BUILDING Adviser MINISTRY OF FINANCE HARAMBEE AVENUE P.O. BOX 30007 16/05/2008 13:15 KQ 440C NAIROBI 00100

Mr. MUYA JOHN PERSONAL ASSISTANT TO THE MINISTER THE TREASURY BUILDING Adviser MINISTRY OF FINANCE HARAMBEE AVENUE P.O. BOX 30007 NAIROBI 00100

Member States Final List May 15, 2008 11:07 AM Page 29 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

KOREA Mr. JEONG EUN BO GOVERNMENT COMPLEX II Temp. Governor MINISTRY OF FINANCE AND ECONOMY 88 KWANMUN-HO SEOUL 427-725 16/05/2008 11:40 SA143

Dr. YOON TAE SIK GOVERNMENT COMPLEX II Temp. Alt. Governor MINISTRY OF FINANCE AND ECONOMY 88 KWANMUN-HO SEOUL 427-725 16/05/2008 11:40 SA143

Mr. KIM EUI JOONG GOVERNMENT COMPLEX II Adviser MINISTRY OF FINANCE AND ECONOMY 88 KWANMUN-HO SEOUL 427-725 16/05/2008 11:40 SA143

Mr. LIM JAE HO 3-GA NAMDAEMUN-RO Adviser BANK OF KOREA JUNG-GU SEOUL 16/05/2008 11:40 SA143

KUWAIT Mr. AL-WAQAYAN HISHAM DEPUTY DIRECTOR GENERAL MUBARAK AL-KABEER STREET Temp. Governor KUWAIT FUND FOR ARAB ECONOMIC DEVELOPMENT P.O. BOX 2921 SAFAT 13030 15/05/2008 15:55 SA145

Mr. ALHASHIM ABDULRAHMAN REGIONAL MANAGER FOR WEST AFRICAN MUBARAK AL-KABEER STREET COUNTRIES Temp. Alt. Governor P.O. BOX 2921 KUWAIT FUND FOR ARAB ECONOMIC DEVELOPMENT SAFAT 13030

Mr. AL-ATTAL OSAMA DIRECTOR OF DISBURSEMENT MUBARAK AL-KABEER STREET Adviser KUWAIT FUND FOR ARAB ECONOMIC DEVELOPMENT P.O. BOX 2921 SAFAT 13030

Member States Final List May 15, 2008 11:07 AM Page 30 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

LESOTHO Mr. THAHANE TIMOTHY MINISTER 3RD FLOOR FINANCE HOUSE Governor MINISTRY OF FINANCE AND DEVELOPMENT PLANNING P.O. BOX MS14966 MASERU 100 16/05/2008 11:40 SA143

Dr. MAJORO MOEKETSI PRINCIPAL SECRETARY P.O. BOX MS 630 Alternate Governor MINISTRY OF FINANCE AND DEVELOPMENT PLANNING MASERU 100

16/05/2008 11:40 SA 143

Dr. MATLANYANE RETSELISITSOE DEPUTY GOVERNOR CORNER MOSHOESHOE & AIRPORT ROADS Adviser CENTRAL BANK OF LESOTHO P.O. BOX 1184 MASERU 0100 17/05/2008 07:00 TM 301

Ms. LEBONA NTHOATENG CHIEF ECONOMIC PLANNER P.O. BOX MS 630 Adviser MINISTRY OF FINANCE AND DEVELOPMENT PLANNING MASERU 100

16/05/2008 11:40 SA 143

Mr. BERENG THEKO SENIOR ECONOMIST CORNER MOSHOESHOE & AIRPORT ROADS Adviser CENTRAL BANK OF LESOTHO P.O. BOX 1184 MASERU 0100 17/05/2008 07:00 TM301

LIBERIA Dr. SAYEH ANTOINETTE M. MINISTER OF FINANCE P.O. BOX 9013 Governor MINISTRY OF FINANCE MONROVIA

16/05/2008 13:15 KQ440

Mr. MCINTOSH TOGA GAYEWER MINISTER P.O. BOX 10-9016 Alternate Governor MINISTRY OF PLANNING AND ECONOMIC AFFAIRS RANDALL STREET MONROVIA 13/05/2008 13:25 KQ 440

Member States Final List May 15, 2008 11:07 AM Page 31 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mrs. VARPILAH DABAH SPECIAL ASSISTANT TO MINISTER OF FINANCE P.O. BOX 9013 Adviser MINISTRY OF FINANCE MONROVIA

16/05/2008 13:15 KQ 440

LIBYA Mr. GADAD ABDULMAGID TRIPOLI Temp. Governor MINISTRY OF FINANCE

Mr. LATEF WALIED MABROUK SECRETARIAT OF FINANCE TRIPOLI Temp. Alt. Governor MINISTRY OF FINANCE

17/05/2008 13:15 TM 305

MADAGASCAR M. RAZAFINJATOVO HAJA NIRINA GOUVERNEUR B.P. 61 Governor MINISTERE DES FINANCES ET DU BUDGET ANTANANARIVO 101

15/05/2008 17:30 TM305

M. RANDRIANTOETRA LOUIS MAXENCE DIRECTEUR GENERAL DU TRESOR B.P. 61 Alternate Governor MINISTERE DES FINANCES ET DU BUDGET ANTANANARIVO 101

15/05/2008 17:30 TM305

M. RAZAKARIASA HENRI BERNARD SECRETAIRE GENERAL B.P. 61 Adviser MINISTERE DES FINANCES ET DU BUDGET ANTANANARIVO 101

15/05/2008 17:30 TM305

Member States Final List May 15, 2008 11:07 AM Page 32 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. RANDRIAMAMPIONONA ROLAND MINISTRE Adviser MINISTERE DES TRAVAUX PUBLICS

16/05/2008 07:00 TM 301

M. RAMANAMISATA PASCAL DIRECTEUR GENERAL Adviser MINISTERE DES TRAVAUX PUBLICS

16/05/2008 07:00 TM 301

M. RAKOTONDRABE BARSON ERNEST DIRECTEUR DE CABINET B.P. 61 Adviser MINISTERE DES FINANCES ET DU BUDGET ANTANANARIVO 101

15/05/2008 17:30 TM305

M. RANAIVOSON JEAN NOËL DIRECTEUR DE LA DETTE PUBLIQUE B.P. 61 Adviser MINISTERE DES FINANCES ET DU BUDGET ANTANANARIVO 101

15/05/2008 17:30 TM305

Mme RAHARISOA CLÉMENCE CHEF DE SERVICE DU SUIVI DES EMPRUNTS EXT. B.P. 61 Adviser MINISTERE DES FINANCES ET DU BUDGET ANTANANARIVO 101

15/05/2008 17:30 TM305

MALAWI Hon. MWADIWA RANDSON P. SECRETARY TO THE TREASURY P O BOX 30049 Temp. Governor MINISTRY OF FINANCE CAPITAL CITY LILONGWE 3 15/05/2008 11:40 SA 143

Mr. KAMWENDO PATRICK C. PRINCIPAL SECRETARY P.O. BOX 30136 Alternate Governor MINISTRY OF ECONOMIC PLANNING AND DEV. LILONGWE 3

18/05/2008 07:00 TM 301

Member States Final List May 15, 2008 11:07 AM Page 33 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. MBEWE VICTOR GOVERNOR CAPITAL CITY Adviser RESERVE BANK OF MALAWI P.O. BOX 30063 LILONGWE 17/05/2008 07:00 TM 306

Mr. WIRIMA DAVIE Y. C. ASSISTANT DIRECTOR P O BOX 30049 Adviser MINISTRY OF FINANCE CAPITAL CITY LILONGWE 3 18/05/2008 07:00

Ms. FATCH PRISCILLA DEBT & AID OFFICER P O BOX 30049 Adviser MINISTRY OF FINANCE CAPITAL CITY LILONGWE 3 18/05/2008 07:00

MALI M. TRAORE ABOU BAKAR MINISTRE DES FINANCES QUARTIER DU FLEUVE Governor MINISTERE DES FINANCES B.P. 234 BAMAKO 16/05/2008 17:30 TM 313

S.E.M. DIALLO AHMADOU ABDOULAYE MINISTRE 1759 Alternate Governor MINISTERE DE L'ECONOMIE-DE L'INDUSTRIE ET DU BAMAKO COMMERCE - MALI

M. AG MOHAMED INHAYE CONSEILLER TECHNIQUE 1759 Adviser MINISTERE DE L'ECONOMIE-DE L'INDUSTRIE ET DU BAMAKO COMMERCE - MALI

16/05/2008 07:00 LAM

M. WALBANI BOUBACAR SIDIKI DIRECTEUR GÉNÉRAL DE LA DETTE PUBLIQUE QUARTIER DU FLEUVE Adviser MINISTERE DES FINANCES B.P. 234 BAMAKO 16/05/2008 17:30 TM 313

Member States Final List May 15, 2008 11:07 AM Page 34 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. DIARRA SÉKOUBA COORDINATEUR 1759 Adviser MINISTERE DE L'ECONOMIE-DE L'INDUSTRIE ET DU BAMAKO COMMERCE - MALI

16/05/2008 07:00 TM 301

MAURITANIA M. OULD HAMA VEZAZ MINISTRE ABDERRAHMANE MINISTERE DE L'ECONOMIE ET DES FINANCES Governor

17/05/2008 15:55 SA 3145

M. OULD SIDI EL MOCTAR ISSELMOU DIRECTEUR DE LA PROGRAMMATION ET DU SUIVI DES PROJETS Alternate Governor MINISTERE DE L'ECONOMIE ET DES FINANCES

18/05/2008 15:55 SA 3145

MAURITIUS Mr. DHOORUNDHUR MOHIT PRINCIPAL ASSISTANT SECRETARY GOVERNMENT HOUSE Temp. Governor MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT PORT LOUIS

16/05/2008 00:00

M. BASSANT VISHNU DUTT DEPUTY DIRECTOR GENERAL GOVERNMENT HOUSE Temp. Alt. Governor MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT PORT LOUIS

16/05/2008 07:00 TM 301

MOROCCO M. LOUDYI ABDELTIF SECRETAIRE GENERAL AVENUE MOHAMMED V Temp. Governor MINISTERE DE L'ECONOMIE ET DE FINANCES RABAT

15/05/2008 17:30 TM 305

Member States Final List May 15, 2008 11:07 AM Page 35 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. SABONI BENYOUSSEF ADJOINT AU DIRECTEUR Temp. Alt. Governor MINISTERE DE L'ECONOMIE ET DES FINANCES

16/05/2008 17:35 TP 278

MOZAMBIQUE Hon. Dr. GOVE ERNESTO GOUVEIA GOVERNOR B.P. 1697 Temp. Governor BANK OF MOZAMBIQUE MAPUTO

Mr. BERNARDO VICTOR VICE MINISTER AVENUE AHMED SEKOU TOURE N° 21 Temp. Alt. Governor MINISTRY OF PLANNING AND DEVELOPMENT 4° ANDAR P.O. BOX NR 272 MAPUTO

Mr. SANTOS JUDITE PERMANENT SECRETARY AVENUE AHMED SEKOU TOURE N° 21 Adviser MINISTRY OF PLANNING AND DEVELOPMENT 4° ANDAR P.O. BOX NR 272 MAPUTO

Mr. CHANG MANUEL MINISTER B.P. 272 Adviser MINISTRY OF FINANCE MAPUTO

Ms. LOUREIRO JOAO DIAS PRESIDENTE Adviser INE MOZAMBIQUE

Ms. BIAS ESPERANCA MINISTER Adviser MINISTRY OF MINERAL RESSOURCES

Member States Final List May 15, 2008 11:07 AM Page 36 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Ms. TAIPO MARIA HELENA MINISTER Adviser MINISTRY OF LABOUR

Mr. SUMBANA FERNANDO MINISTER Adviser MINISTRY OF TOURISM

Mr. TEMBE DANIEL GABRIEL PRESIDENTE CONSELHO DE GESTAO Adviser IGEPE-

Mr. NHACA SOARES MINISTER Adviser MINISTRY OF AGRICULTURE

Mr. BANZE HENRIQUE VICE MINISTER Adviser MINISTRY OF MINEC

Mr. ZACARIAS FELICIO MINISTER Adviser MINISTRO DAS OBRAS PUBLICAS E HABITACAO

Mr. KOLOMA EDUARDO VICE-MINISTER Adviser MINISTRY OF MINEC

Member States Final List May 15, 2008 11:07 AM Page 37 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. COUTO PEDRO VICE-MINISTER B.P. 272 Adviser MINISTRY OF FINANCE MAPUTO

Mr. LAICE ANTONIO F. DIRECTOR B.P. 272 Adviser MINISTRY OF FINANCE MAPUTO

NAMIBIA Mrs. KUUGONGELWA-AMADHILA MINISTER FISCUS BUILDING SAARA MINISTRY OF FINANCE 10 JOHN MEINERT STREET Governor PRIVATE BAG 13295 16/05/2008 00:00 WINDHOEK

Ms. SHAFUDAH ERICAH DEPUTY PERMANENT SECRETARY FISCUS BUILDING Temp. Alt. Governor MINISTRY OF FINANCE 10 JOHN MEINERT STREET PRIVATE BAG 13295 17/05/2008 00:00 MT 301 WINDHOEK

Mr. HAMBIRA T. BUTI PERSONAL ASSISTANT TO THE MINISTER FISCUS BUILDING Adviser MINISTRY OF FINANCE 10 JOHN MEINERT STREET PRIVATE BAG 13295 17/05/2008 00:00 WINDHOEK

NETHERLANDS (the) H.E. Mr. KOENDERS ALBERT MINISTER Bezuidenhoutseweg 67 Governor MINISTRY FOR DEVELOPMENT COOPERATION P.O.Box 20061

18/05/2008 13:15 KQ 440

Member States Final List May 15, 2008 11:07 AM Page 38 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. TREFFERS RUDOLF YAN DIRECTOR GENERAL INTERNATIONAL COOPERATION Alternate Governor MINISTRY FOR DEVELOPMENT COOPERATION

17/05/2008 19:50 KQ

Mr. RADE KEES DIRECTOR UN & IFI DEPT. Bezuidenhoutseweg 67 Adviser MINISTRY FOR DEVELOPMENT COOPERATION P.O.Box 20061

17/05/2008 17:30 TM 305

Mr. HUESKEN JAN COORDINATOR BEZUIDENHOUTSEWEG 67 Adviser MINISTRY OF FOREIGN AFFAIRS - NETHERLANDS BOX 20061 THE HAGUE 16/05/2008 03:30 TM 313

Mr. BIJVOET FRANS G. AMBASSADOR AVE KWAME NKRUMAH 324 Adviser EMBASSY OF THE NETHERLANDS CAIXA POSTAL 1163 MAPUTO

Mr. LITJENS PAUL J.M. HEAD OF DEV. COOPERATION AVE KWAME NKRUMAH 324 Adviser EMBASSY OF THE NETHERLANDS CAIXA POSTAL 1163 MAPUTO

Mr. OPPEWAL JOLKE DEPUTY HEAD OF DEVELOPMENT AVE KWAME NKRUMAH 324 COOPERATION. Adviser CAIXA POSTAL 1163 EMBASSY OF THE NETHERLANDS MAPUTO

Miss IMPERATOR JENNYFER POLICY ADVISER BEZUIDENHOUTSEWEG 67 Adviser MINISTRY OF FOREIGN AFFAIRS P.O.Box 20061 THE HAGUE 2500 EB 17/05/2008 17:30 TM 305

Member States Final List May 15, 2008 11:07 AM Page 39 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. MASCINI FRANCESCO SPOKESMAN Adviser MINISTRY FOR DEVELOPMENT COOPERATION

Mr. PLOMP WILLEM WOUTER HEAD CENTRAL AND SOUTH AFRICA DIVISION BEZUIDENHOUTSEWEG 67 Adviser MINISTRY OF FOREIGN AFFAIRS - NETHERLANDS BOX 20061 THE HAGUE 17/05/2008 00:00 SA

Mr. ENGELHARD BASTIAAN POLITICAL ATTACHE AVE KWAME NKRUMAH 324 Adviser EMBASSY OF THE NETHERLANDS CAIXA POSTAL 1163 MAPUTO

Mr. KONSTAPEL KEES AVE KWAME NKRUMAH 324 Adviser EMBASSY OF THE NETHERLANDS CAIXA POSTAL 1163 MAPUTO

Mr. MIEUWENHUIS DIRK-JAN PRIVATE SECRETARY Adviser MINISTRY FOR DEVELOPMENT COOPERATION

18/05/2008 13:15 KQ 440

NIGER Mr. YAKOUBOU MAHAMAN SANI COMMISSAIRE CHARGE DU DEVELOPPEMENT B. P. 862 Temp. Governor MINISTERE DE L'ECONOMIE ET DES FINANCES NIAMEY

18/05/2008 11:40 SA 143

M. SABO NASSIROU CHEF D'EQUIPE APPUI CONSEIL EN B.P. 389 GOUVERNANCE Temp. Alt. Governor NIAMEY MINISTERE DE L'ECONOMIE ET DES FINANCES

16/05/2008 15:55 SA 145

Member States Final List May 15, 2008 11:07 AM Page 40 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

NIGERIA Dr. USMAN SHAMSUDDEEN MINISTER OF FINANCE PLOTS 745 & 746 MINISTERIAL ZONE Governor FEDERAL MINISTRY OF FINANCE AHMADOU BELLO WAY P.M.B. 14 ABUJA

Ms. PEPPLE AMA I PERMANENT SECRETARY PLOTS 745 & 746 MINISTERIAL ZONE Alternate Governor FEDERAL MINISTRY OF FINANCE AHMADOU BELLO WAY P.M.B. 14 ABUJA

Mr. ATODO JOSEPH S. SENIOR COUNSELLOR WUSE ZONE 3 Adviser MINISTRY OF FOREIGN AFFAIRS ABUJA

Mr. ALAO M.A. DIRECTOR I.E.R. PLOTS 745 & 746 MINISTERIAL ZONE Adviser FEDERAL MINISTRY OF FINANCE AHMADOU BELLO WAY P.M.B. 14 ABUJA

Mr. SHEHU A. B. DEPUTY DIRECTOR, AFRICAN BILA. ECON. PLOTS 745 & 746 MINISTERIAL ZONE RELATIONS Adviser AHMADOU BELLO WAY FEDERAL MINISTRY OF FINANCE P.M.B. 14 ABUJA

Mr. HARUNA MOHAMMED DEPUTY DIRECTOR I.E.R. PLOTS 745 & 746 MINISTERIAL ZONE Adviser FEDERAL MINISTRY OF FINANCE AHMADOU BELLO WAY P.M.B. 14 ABUJA

Dr. ADEDEJI M SPECIAL ASSISTANT (TECHNICAL) PLOTS 745 & 746 MINISTERIAL ZONE Adviser FEDERAL MINISTRY OF FINANCE AHMADOU BELLO WAY P.M.B. 14 ABUJA

Member States Final List May 15, 2008 11:07 AM Page 41 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. MBADIWE JUDE PERSONAL ASSISTANT TO THE PERM. SEC. PLOTS 745 & 746 MINISTERIAL ZONE Adviser FEDERAL MINISTRY OF FINANCE AHMADOU BELLO WAY P.M.B. 14 ABUJA

Ms. MOORE O.LUSOLA O. DEPUTY DIRECTOR & LEGAL ADVISER PLOTS 745 & 746 MINISTERIAL ZONE Adviser FEDERAL MINISTRY OF FINANCE AHMADOU BELLO WAY P.M.B. 14 16/05/2008 11:40 SA 143 ABUJA

NORWAY Mr. GULBRANDSEN HÅKON ARALD OSLO Governor ROYAL MINISTRY OF FOREIGN AFFAIRS P.O. BOX 8114 - DEP OSLO 0032 15/05/2008 15:55 SA145

Mr. HARBOE HENRIK DEPUTY DIRECTOR GENERAL OSLO Alternate Governor ROYAL MINISTRY OF FOREIGN AFFAIRS P.O. BOX 8114 - DEP OSLO 0032 15/05/2008 15:55 SA145

Ms. HELSTROM WERA P.O. BOX 8114 DEP Adviser ROYAL MINISTRY OF FOREIGN AFFAIRS OSLO N-0032

Mrs. FIDJESTØL RAGNA OSLO Adviser ROYAL MINISTRY OF FOREIGN AFFAIRS P.O. BOX 8114 - DEP OSLO 0032 15/05/2008 15:55 SA145

Miss STRAND MARIT P.O. BOX 8034 - Adviser NORVEGIAN AGENCY FOR INTERNATIONAL DEPT. N0030 DEVELOPMENT OSLO 1

15/05/2008 15:55 SA145

Member States Final List May 15, 2008 11:07 AM Page 42 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

PORTUGAL Mr. COSTA PINA CARLOS SECRETARY OF STATE FOR TREASURY AND AV. INFANTE D. HENRIQUE N° 1° FINANCE Temp. Governor LISBON 1149-009 MINISTRY OF FINANCE AND PUBLIC ADMINISTRATION

16/05/2008 17:35 TP 278

Mr. SOUSA PEREIRA NUNO DIRECTOR GENERAL AV. INFANTE D. HENRIQUE N° 1° Temp. Alt. Governor MINISTRY OF FINANCE AND PUBLIC ADMINISTRATION LISBON 1149-009

14/05/2008 19:15 TP 278

Mrs. ROSA INÊS VICE PRESIDENT AV. INFANTE D. HENRIQUE N° 1° Adviser MINISTRY OF FINANCE AND PUBLIC ADMINISTRATION LISBON 1149-009

16/05/2008 17:35 TP278

Mr. RIBEIRO LUIS ADVISER TO THE SECRETARY OF STATE FOR AV. INFANTE D. HENRIQUE N° 1° TREASURY AND FINANCE Adviser LISBON 1149-009 MINISTRY OF FINANCE AND PUBLIC ADMINISTRATION

16/05/2008 17:35 TP 278

Mrs. CAETANO ROSA CHIEF OF DIVISION AV. INFANTE D. HENRIQUE N° 1° Adviser MINISTRY OF FINANCE AND PUBLIC ADMINISTRATION LISBON 1149-009

16/05/2008 17:35 TP 278

Ms. CAIADO MARIA DE LURDES POLICY ADVISER AV. INFANTE D. HENRIQUE N° 1° Adviser MINISTRY OF FINANCE AND PUBLIC ADMINISTRATION LISBON 1149-009

16/05/2008 17:35 TP278

RWANDA Mr. MUSONI JAMES MINISTER OF FINANCE AND ECONOMIC P.O. BOX 158 PLANNING Governor KIGALI MINISTRY OF FINANCE AND ECONOMIC PLANNING

16/05/2008 13:15 KQ440

Member States Final List May 15, 2008 11:07 AM Page 43 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. KATUREEBE GEORGES DIRECTOR GENERAL B.P. 158 Temp. Alt. Governor CEPEX KIGALI

16/05/2008 13:15 KQ440 J

SAO TOME & PRINCIPE M. MOREINA DE SOUSA LUIS GOUVERNEUR PRACA DA INDEPENDENCIA FERNANDO. BANCO CENTRAL DE SAO TOME ET PRINCIPE C.P. NO 13 Temp. Governor SAO TOME 16/05/2008 17:35 TP 278

Mme DIOGO AFONSO SOARES EDITE ADMINITRADORA DO PELOURO DE OPERACOES PRACA DA INDEPENDENCIA GERAIS DO Temp. Alt. Governor C.P. NO 13 BANCO CENTRAL DE SAO TOME ET PRINCIPE SAO TOME

16/05/2008 17:35 TP 278

Mme BAPTISTA DE SOUZA MARIA DAS REPRESENTANTE DE LA BANQUE CENTRALE PRACA DA INDEPENDENCIA NEVES BANCO CENTRAL DE SAO TOME ET PRINCIPE C.P. NO 13 Adviser SAO TOME 16/05/2008 17:35 TP 278

M. BONFIM ACACIO ELBA PRACA DA INDEPENDENCIA Adviser BANQUE INTERNATIONALE DE SAO TOME & PRINCIPE 536 SAO TOME 16/05/2008 17:35 TP 278

M. CRISTOVAO JOAO BANCO INTERNACIONAL S. TOME E PRINCIPE PRACA DA INDEPENDENCIA Adviser PRIMATURE 536 SAO TOME 16/05/2008 17:35 TP 278

SAUDI ARABIA

Member States Final List May 15, 2008 11:07 AM Page 44 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. AL-BASSAM YOUSSEF VICE CHAIRMAN AND MANAGING DIRECTOR KING FAHAD ROAD Governor THE SAUDI FUND FOR DEVELOPMENT P.O BOX 50483 RIYADH 11523 16/05/2008 15:55 SA145

Mr. ALGHANNAM AHMED DIRECTOR GENERAL ,SAUDI EXPORT PROGRAM KING FAHAD ROAD Alternate Governor THE SAUDI FUND FOR DEVELOPMENT P.O BOX 50483 RIYADH 11523 16/05/2008 15:55 SA145

Mr. ABUBAKR ABDULRAHMAN SENIOR ECONOMIST ,LOAN ADMIN DEPARTMENT KING FAHAD ROAD Adviser THE SAUDI FUND FOR DEVELOPMENT P.O BOX 50483 RIYADH 11523 16/05/2008 15:55 SA145

Mr. ALABDULLATIF HAITHAM SENIOR ECONOMIST ,SAUDI EXPORT PROGRAM KING FAHAD ROAD Adviser THE SAUDI FUND FOR DEVELOPMENT P.O BOX 50483 RIYADH 11523 16/05/2008 15:55 SA145

SENEGAL Mr. DIOP ABDOULAYE MINISTRE D'ETAT BP 4017 Governor MINISTERE DE L'ECONOMIE ET DES FINANCES DAKAR

Mr. FAYE MAMADOU DIRECTEUR DE LA DETTE & DES INVEST. BP 4017 Alternate Governor MINISTERE DE L'ECONOMIE ET DES FINANCES DAKAR

M. CISSE ARONA PREMIER SECRETAIRE AMBASSADE Adviser MINISTERE DES AFFAIRES ETRANGERES

17/05/2008 15:55 SA 3145

Member States Final List May 15, 2008 11:07 AM Page 45 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. WAGUE MASSAR DIRECTEUR DE LA COOPERATION ECONOMIQUE BP 4017 & FINANCIERE Adviser DAKAR MINISTERE DE L'ECONOMIE ET DES FINANCES

16/05/2008 11:40 SA 143

Mr. SENE BIRAME DIRECTEUR NATIONAL DAKAR Adviser BANQUE CENTRALE DES ETATS DE L'AFRIQUE DE L'OUEST

16/05/2008 11:40 SA 143

M. CHEIKH THIAM CONSEILLER TECHNIQUE EN COMMUNICATION BP 4017 Adviser MINISTERE DE L'ECONOMIE ET DES FINANCES DAKAR

16/05/2008 08:40 SA 203

M. DOUDOU NDIAYE KAIRE BP 4017 Adviser MINISTERE DE L'ECONOMIE ET DES FINANCES DAKAR

16/05/2008 11:40 SA 143

Mme GNOUNKA TOURE DIOUF MINISTRE CONSEILLER TECHNIQUE DU PRESIDENT DE LA REPUBLIQUE Adviser PRESIDENCE DE LA REPUBLIQUE

16/05/2008 11:40 SA 8291

SEYCHELLES Mr. PILLAY PATRICK MINISTER P O BOX 656 Governor MINISTRY OF FOREIGN AFFAIRS VICTORIA MAHE 16/05/2008 07:00 TM 301

Mr. AFIF DIDI AHMED PRINCIPAL SECRETARY P.O.BOX 313 Alternate Governor MINISTRY OF FINANCE MAHE

16/05/2008 07:00 TM 301

Member States Final List May 15, 2008 11:07 AM Page 46 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. MARIE NADDY ECONOMIST P O BOX 656 Adviser MINISTRY OF FOREIGN AFFAIRS VICTORIA MAHE 16/05/2008 07:00 TM 301

SIERRA LEONE Mr. CAREW DAVID OMATSHOLA MINISTER MINISTERIAL BUILDING Governor MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT FREETOWN

16/05/2008 00:00 KQ 440

Mr. SESAY SHEKU FINANCIAL SECRETARY MINISTERIAL BUILDING Alternate Governor MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT FREETOWN

18/05/2008 13:15 KQ 440

Mr. KAMARA SAMURA M.W. GOVERNOR PO BOX 30 Adviser CENTRAL BANK OF SIERA LEONE FREETOWN

16/05/2008 17:30 TM 313

Mr. KANU JOSEPH DEPUTY FINANCIAL SECRATARY MINISTERIAL BUILDING Adviser MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT FREETOWN

18/05/2008 00:00

SOMALIA Mr. ISMAIL ALI MIMIN DEPUTY MINISTER MOGADISCIO Temp. Governor MINISTRY OF FINANCE AND PLANNING

Member States Final List May 15, 2008 11:07 AM Page 47 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. BASHIR ISSA ALI MOGADISCIO Alternate Governor MINISTRY OF FINANCE AND PLANNING

SOUTH AFRICA Mr. MANUEL TREVOR A. MINISTER 40 CHURCH SQUARE Governor MINISTRY OF FINANCE PRETORIA 0001

15/05/2008 07:00

Mr. COLE NEIL CHIEF DIRECTOR 240 VERMEULEN STR. Temp. Alt. Governor NATIONAL TREASURY PRETORIA 0001

16/05/2008 11:40

Mr. MOMONIAT ISMAIL DEPUTY DIRECTOR-GENERAL 40 CHURCH SQUARE Adviser MINISTRY OF FINANCE PRETORIA 0001

14/05/2008 15:55

Ms. MKUNQWANA NANDIPHA DIRECTOR 40 CHURCH SQUARE Adviser MINISTRY OF FINANCE PRETORIA 0001

16/05/2008 11:40

Mr. KURT MORAIS DIRECTOR 240 VERMEULEN STR. Adviser NATIONAL TREASURY PRETORIA 0001

13/05/2008 15:55

Mr. MOGAJANE DONDO SENIOR ADVISER 40 CHURCH SQUARE Adviser MINISTRY OF FINANCE PRETORIA 0001

16/05/2008 11:40 SA143

Member States Final List May 15, 2008 11:07 AM Page 48 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Ms. SWARTZ WENDY CHARGEE D'AFFAIRS Adviser SOUTH AFRICAN HIGH COMMISSION

Mr. SACHS MICHAEL CHIEF DIRECTOR 40 CHURCH SQUARE Adviser MINISTRY OF FINANCE PRETORIA 0001

13/05/2008 11:40

Ms. DUDUZILE THUKE 40 CHURCH SQUARE Adviser MINISTRY OF FINANCE PRETORIA 0001

16/05/2008 11:40

SPAIN Mr. ORGAZ LUIS DEPUTY DIRECTOR MFI ALCATA, 9 (PLANTA) Temp. Governor MINISTRY OF ECONOMY AND FINANCE 28071 MADRID

16/03/2008 17:30 TM 313

Mr. LOPEZ VINUELA EMILIO ALCATA, 9 (PLANTA) Temp. Alt. Governor MINISTRY OF ECONOMY AND FINANCE 28071 MADRID

16/05/2008 17:30 TM 313

SUDAN Ms. AWAD MOHAMED FAIZA DIRECTOR, INTERNATIONAL ORGANIZATIONS P.O. BOX 298 Temp. Governor MINISTRY OF FINANCE AND NATIONAL ECONOMY KHARTOUM

Member States Final List May 15, 2008 11:07 AM Page 49 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. KAMAL YOUSUF HEAD DEPARTMENT OF STATISTICS P.O. BOX 298 Temp. Alt. Governor MINISTRY OF FINANCE AND NATIONAL ECONOMY KHARTOUM

Dr. DENG LUAL A. STATE MINISTER OF FINANCE P.O. BOX 298 Adviser MINISTRY OF FINANCE AND NATIONAL ECONOMY KHARTOUM

SWAZILAND Mr. SITHOLE MAJOZI VINCENT MINISTER MHLAMBA MYATSI ROAD Governor MINISTRY OF FINANCE P.O. BOX 443 MBABANE

Mr. ABSALOM M.C. DLAMINI MINISTER P.O. BOX 602 Alternate Governor MINISTRY OF ECONOMIC PLANNING AND DEV. MBABANE

Mr. GININDZA PHIWAYINKOSI CHIEF EXECUTIVE MHLAMBA MYATSI ROAD Adviser MINISTRY OF FINANCE P.O. BOX 443 MBABANE 16/05/2008 09:00

Mrs. SIBANDZE LONKHULULEKO PRINCIPAL ECONOMIST MHLAMBA MYATSI ROAD Adviser MINISTRY OF FINANCE P.O. BOX 443 MBABANE

Mr. MASILELA DUMISANI E. PRINCIPAL SECRETARY MHLAMBA MYATSI ROAD Adviser MINISTRY OF FINANCE P.O. BOX 443 MBABANE

Member States Final List May 15, 2008 11:07 AM Page 50 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Ms. MABUZA KHANGEZIWE ADVISOR MHLAMBA MYATSI ROAD Adviser MINISTRY OF FINANCE P.O. BOX 443 MBABANE

Mr. HLOPHE LINDA CEDRIC SENIOR ECONOMIST MHLAMBA MYATSI ROAD Adviser MINISTRY OF FINANCE P.O. BOX 443 MBABANE 16/05/2008 08:00

Mr. MAMBA SIFISO ALLEN ECONOMIST P.O. BOX 602 Adviser MINISTRY OF ECONOMIC PLANNING AND DEV. MBABANE

SWEDEN Mr. BENGTCÉN ANDERS DEPUTY DIRECTOR GENERAL VASAGATAN 8-10 Temp. Governor MINISTRY FOR FOREIGN AFFAIRS STOCKHOLM 10339

Mr. SAMUELSSON GABRIEL VASAGATAN 8-10 Temp. Alt. Governor MINISTRY FOR FOREIGN AFFAIRS STOCKHOLM 10339

Mr. HOLMQVIST GORAN FORMER ACTING DIRECTOR VALHALLAVAGEN 199 Adviser SWEDISH INTERNATIONAL DEVELOPMENT STOCKHOLM SE-10525 COOPERATION AGENCY

Ms. SCHILDT LENA PROGRAMME COORDINATOR VALHALLAVAGEN 199 Adviser SWEDISH INTERNATIONAL DEVELOPMENT STOCKHOLM SE-10525 COOPERATION AGENCY

15/05/2008 00:00

Member States Final List May 15, 2008 11:07 AM Page 51 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. JOHANSSON BENGT HEAD OF COOPERATION ABUJA Adviser EMBASSY OF SWEDEN

Amb. AKESSON TORVALD ABUJA Adviser EMBASSY OF SWEDEN

SWITZERLAND Amb. REDING JOERG HEAD ECONOMIC COOPERATION AND EFFINGERSTRASSE 1 DEVELOPMENT Governor BERNE CH-3003 STATE SECRETARIAT FOR ECONOMIC AFFAIRS

15/05/2008 15:55 SA145

Mr. SCHNEIDER JUERG SENIOR ADVISOR EFFINGERSTRASSE 1 Adviser STATE SECRETARIAT FOR ECONOMIC AFFAIRS BERNE CH-3003

16/05/0008 15:55 SA 145

TANZANIA Hon. MKULO MUSTAFA MINISTER FOR FINANCE & ECONOMIC AFFAIRS P.O.BOX 9111 Governor MINISTRY OF FINANCE DAR-ES-SALAAM

15/05/2008 17:30 TM 305

Amb. MUTALEMWA CHARLES K. PERMANENT SECRETARY, PLANNING DAR ES SALAM COMMISSION Alternate Governor PRESIDENT'S OFFICE, PLANNING COMMISSION

17/05/2008 13:15 TM

Member States Final List May 15, 2008 11:07 AM Page 52 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Prof. NDULU BENNO J. GOVERNOR P.O. BOX 2939 Adviser BANK OF TANZANIA DAR-ES-SALAAM

Mr. MAGONYA NGOSHA SAID COMMISSIONNER OF EXTERNAL FINANCE P.O. BOX 1154 Adviser MINISTRY OF FINANCE AND ECONOMIC AFFAIRS ZANZIBAR

17/05/2008 08:00 TM 464

Mr. SHEHA AMEIR HAJI COMMISSIONER OF EXTERNAL FINANCE - P.O. BOX 1154 ZANZIBAR Adviser ZANZIBAR MINISTRY OF FINANCE AND ECONOMIC AFFAIRS

17/05/2008 08:00 TM 464

Mr. MSAMI BABU DIRECTOR P.O. BOX 2939 Adviser BANK OF TANZANIA DAR-ES-SALAAM

16/05/2008 07:00 TM 301

Mr. BURETTA JEROME J.R. ASSISTANT COMMISSIONER OF EXTERNAL P.O. BOX 1154 FINANCE Adviser ZANZIBAR MINISTRY OF FINANCE AND ECONOMIC AFFAIRS

17/05/2008 08:00 TM 464

Ms. SHAABAN AMINA KHAMIS DEPUTY PRINCIPAL SECRETARY P.O. BOX 1154 Adviser MINISTRY OF FINANCE AND ECONOMIC AFFAIRS ZANZIBAR

17/05/2008 08:00 TM 464

Mr. FOCAS JACOB SENIOR ECONOMIST DAR ES SALAM Adviser PRESIDENT'S OFFICE, PLANNING COMMISSION

17/05/2008 08:00 TM 464

Member States Final List May 15, 2008 11:07 AM Page 53 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Dr. AIKAELI JEHOVANESS ADVISER P.O. BOX 2939 Adviser BANK OF TANZANIA DAR-ES-SALAAM

Mr. MARWA SAMUEL N. ADB DESK OFFICER P.O. BOX 1154 Adviser MINISTRY OF FINANCE AND ECONOMIC AFFAIRS ZANZIBAR

17/05/2008 08:00 TM 464

Mr. KIRUMBA ERIC PRIVATE SECRETARY TO THE MINISTER P.O.BOX 9111 Adviser MINISTRY OF FINANCE DAR-ES-SALAAM

15/05/2008 17:30 TM 305

Mr. NAMPESYA MSAFIRI D. PERSONAL ASSISTANT TO THE GOVERNOR P.O. BOX 2939 Adviser BANK OF TANZANIA DAR-ES-SALAAM

17/05/2008 07:00 TM 301

TOGO M. AYASSOR ADJI OTÈTH MINISTRE B.P. 3521 Governor MINISTERE DE L'ECONOMIE, FINANCES & LOME PRIVATISATIONS

M. NONON SAA HATÉDHÉÉMA DIRECTEUR GENERAL DU DEVELOPPEMENT ET B.P. 1667 DE LAMENAGEMENT Alternate Governor LOME MINISTERE DU DEVELOPPEMENT ET AMENAGEMENT DU TERRITOIRE

Mme JOHNSON AHÉBA DIRECTRICE DE L'ECONOMIE 3521 Adviser MINISTERE DE L'ECONOMIE, DES FINANCES ET DES LOME PRIVATISATIONS

17/05/2008 07:00 TM 301

Member States Final List May 15, 2008 11:07 AM Page 54 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

TUNISIA M. JOUINI MOHAMED NOURI MINISTRE TUNIS 1069 Governor MINISTERE DU DEVELOPPEMENT & DE LA COOP. INT'L.

15/05/2008 15:55 SA145

Mme JABALLAH SRARFI MOUFIDA DIRECTEUR TUNIS 1069 Temp. Alt. Governor MINISTERE DU DEVELOPPEMENT & DE LA COOP. INT'L.

16/05/2008 17:35 TP 278

UGANDA Hon. Dr. SURUMA EZRA MINISTER PLOT 2-12 Governor MINISTRY OF FINANCE, PLANNING & ECONOMIC APOLLO KAGGWA RD DEVELOPMENT P.O.BOX 8147

16/05/2008 12:50 SA 143 KAMPALA

Mr. MUHAKANIZI KEITH DEPUTY SECRETARY TO THE TREASURY PLOT 2-12 Temp. Alt. Governor MINISTRY OF FINANCE, PLANNING & ECONOMIC APOLLO KAGGWA RD DEVELOPMENT P.O.BOX 8147

16/05/2008 12:50 SA 143 KAMPALA

Mr. BEKABYE MOSES TECHNICAL ADVISOR PLOT 2-12 Adviser MINISTRY OF FINANCE, PLANNING & ECONOMIC APOLLO KAGGWA RD DEVELOPMENT P.O.BOX 8147

18/05/2008 11:40 SA 143 KAMPALA

Mr. OGOL JOHN CHARLES PRINCIPAL FINANCE OFFICER/LEGAL - ADB DESK PLOT 2-12 OFFICER Adviser APOLLO KAGGWA RD MINISTRY OF FINANCE, PLANNING & ECONOMIC DEVELOPMENT P.O.BOX 8147 KAMPALA 16/05/2008 13:00 KQ 440

UNITED KINGDOM

Member States Final List May 15, 2008 11:07 AM Page 55 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Ms. MERRON PUSS GILLIAN 1 PALACE STREET Temp. Governor DEPARTMENT FOR INTERNATIONAL DEVELOPMENT LONDON SW1E 5HE

14/05/2008 00:00

Mr. LOWCOCK MARK 1 PALACE STREET Temp. Alt. Governor DEPARTMENT FOR INTERNATIONAL DEVELOPMENT LONDON SW1E 5HE

Ms. TAYLOR SALLY DEPUTY DIRECTOR 1 PALACE STREET Adviser DEPARTMENT FOR INTERNATIONAL DEVELOPMENT LONDON SW1E 5HE

15/05/2008 00:00

Miss MORRIS ANNA 1 PALACE STREET Adviser DEPARTMENT FOR INTERNATIONAL DEVELOPMENT LONDON SW1E 5HE

14/05/2008 00:00

Ms. BELLO TAMAR 1 PALACE STREET Adviser DEPARTMENT FOR INTERNATIONAL DEVELOPMENT LONDON SW1E 5HE

15/05/2008 00:00

USA Mr. PEEL KENNETH DEPUTY ASSISTANT SECRETARY FOR MULT. 1500 PENNSYLVANIA AVENUE, NW DEV. BANKS Temp. Governor WASHINGTON D.C. US DEPARTMENT OF THE TREASURY

16/05/2008 11:40 SAA 143

Mr. RUFFNER MICHAEL DIRECTOR, TECHNICAL ASSISTANCE 740 15TH STREET NW Adviser DEPARTMENT OF TREASURY WASHINGTON D.C 20005

17/05/2008 11:40 SA143

Member States Final List May 15, 2008 11:07 AM Page 56 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. PETERS DANIEL DIRECTOR 740 15TH STREET NW Adviser DEPARTMENT OF TREASURY WASHINGTON D.C 20005

17/05/2008 03:55 3145

Ms. TRIMBLE LAURA ASSOCIATE DIRECTOR FOR BUDGET POLICY 740 15TH STREET NW AND MANAGEMENT Adviser WASHINGTON D.C 20005 DEPARTMENT OF TREASURY

16/05/2008 11:40 SAA 143

Ms. FREDRIKSON CHRISTEL U.S. COMMERCIAL LIAISON TO THE AFRICAN WASHINGTON D.C. DEVELOPMENT BANK Adviser US DEPARTMENT OF COMMERCE

16/05/2008 15:55 SA145

Mr. REPKO ELLIOT FOREIGN AFFAIRS OFFICER 740 15TH STREET NW Adviser DEPARTMENT OF TREASURY WASHINGTON D.C 20005

16/05/2008 00:00

Mr. GRAY BARRY SENIOR ADVISOR - OFFICE OF TECHNICAL 740 15TH STREET NW ASSISTANCE Adviser WASHINGTON D.C 20005 DEPARTMENT OF TREASURY

18/05/2008 11:40 SA 143

Mr. MAIER PETER 740 15TH STREET NW Adviser DEPARTMENT OF TREASURY WASHINGTON D.C 20005

16/05/2008 00:00

Mr. CHAPMAN TODD C. CHARGE D'AFFAIRES Adviser US EMBASSY MAPUTO

Member States Final List May 15, 2008 11:07 AM Page 57 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. DOUGHTEN ROBERT F. ECONOMIC-COMMERCIAL OFFICER Adviser US EMBASSY MAPUTO

Mr. ROTH MATTHEW P. POLITICAL-ECONOMIC SECTION CHIEF Adviser US EMBASSY MAPUTO

ZAMBIA Hon. MAGANDE NGANDU PETER MINISTER CHIMANGA ROAD Governor MINISTRY OF FINANCE AND NATIONAL PLANNING RIDGEWAY, 15101 P.O. BOX 50062 16/05/2008 15:55 SA145 LUSAKA

Mr. NDOPU DAVID NDOPU DIRECTOR CHIMANGA ROAD Temp. Alt. Governor MINISTRY OF FINANCE AND NATIONAL PLANNING RIDGEWAY, 15101 P.O. BOX 50062 16/05/2008 15:55 SA145 LUSAKA

H.E. Mr. CHULUMANDA GEORGE AMBASSADOR Adviser EMBASSY OF ZAMBIA

Ms. K.M. LUNGU MAUREEN FIRST SECRETARY Adviser EMBASSY OF ZAMBIA

Ms. MUMBI CHONGO BRENDA ECONOMIST CHIMANGA ROAD Adviser MINISTRY OF FINANCE AND NATIONAL PLANNING RIDGEWAY, 15101 P.O. BOX 50062 16/05/2008 15:55 SA 145 LUSAKA

Member States Final List May 15, 2008 11:07 AM Page 58 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. MUYATWA MUSIWA NAWA PROTOCOL OFFICER CHIMANGA ROAD Adviser MINISTRY OF FINANCE AND NATIONAL PLANNING RIDGEWAY, 15101 P.O. BOX 50062 16/05/2008 15:55 SA145 LUSAKA

ZIMBABWE Dr. MUMBENGEGWI SAMUEL C. MINISTER NEW GOV. COMPLEX Governor MINISTRY OF FINANCE COM 4TH/5 MACHEL AVE PRIVATE BAG 7705 16/05/2008 00:00 HARARE

Mr. MANUNGO WILLARD L. PERMANENT SECRETARY FOR FINANCE NEW GOV. COMPLEX Alternate Governor MINISTRY OF FINANCE COM 4TH/5 MACHEL AVE PRIVATE BAG 7705 16/05/2008 00:00 HARARE

Mrs. MAKUWAZA MAGIRETA DIRECTOR NEW GOV. COMPLEX Adviser MINISTRY OF FINANCE COM 4TH/5 MACHEL AVE PRIVATE BAG 7705 16/05/2008 00:00 HARARE

Mr. NYAMUROVA CONRAD T. ADVISOR TO TREASURY NEW GOV. COMPLEX Adviser MINISTRY OF FINANCE COM 4TH/5 MACHEL AVE PRIVATE BAG 7705 16/05/2008 00:00 HARARE

Mr. NYAMBO PETER ECONOMIST NEW GOV. COMPLEX Adviser MINISTRY OF FINANCE COM 4TH/5 MACHEL AVE PRIVATE BAG 7705 16/05/2008 00:00 HARARE

Mr. MURWIRA VINCENT NEW GOV. COMPLEX Adviser MINISTRY OF FINANCE COM 4TH/5 MACHEL AVE PRIVATE BAG 7705 16/05/2008 00:00 HARARE

Member States Final List May 15, 2008 11:07 AM Page 59 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour: Total From Member States of ADB 387

Member States Final List May 15, 2008 11:07 AM Page 60 of 71 External Auditors

Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

EXT. AUDITORS Mr. BROUARD PASCAL PARTNER IMMEUBLE LE PALATIN External Auditors KPMG AUDIT 1 COURS VALMY PARIS LA DEFENSE CEDEX 92923 14/05/2008 15:55 SA145

Mr. VINCENT BEYLACQ SENIOR MANAGER IMMEUBLE LE PALATIN External Auditors KPMG AUDIT 1 COURS VALMY PARIS LA DEFENSE CEDEX 92923 15/05/2008 15:55 SA145

Total From External Auditors 2

Member States Final List May 15, 2008 11:07 AM Page 61 of 71 Special Guest of the Bank - Former President

Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

FORMER PRESIDENTS Mr. FORDWOR KWAME D. FORMER PRESIDENT OF THE ADB P.O. BOX 0095 Special Guest of the Bank . GABORONE

15/05/2008 11:40 SA 143

Mr. MUNG'OMBA WILA D. FORMER PRESIDENT OF THE ADB - CHAIRMAN 42 KUDU RD Special Guest of the Bank MUNG'OMBA ASSOCIATES, FINANCIAL & LEGAL BOX 35476 CONSULTANT LUSAKA

17/05/2008 11:40 SA 143

Mr. NDIAYE BABACAR HONORARY PRESIDENT OF THE ADB RESIDENCE KEUR HADJA MMA HAWA Special Guest of the Bank . RUE DE L'HOTEL NGOR DIARAMA DAKAR

Mr. KABBAJ OMAR FORMER PRESIDENT OF THE ADB - ADVISER TO HIS ROYAL HIGHNESS THE KING Special Guest of the Bank ROYAUME DU MAROC

16/05/2008 15:55 SA 145

Total From Special Guest of the Bank - Former President 4

Member States Final List May 15, 2008 11:07 AM Page 62 of 71 Special Guest of the President

Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

ETHIOPIA Mr. JANNEH ABDOULIE EXECUTIVE SECRETARY MENELIK II AVENUE Special Guest of the President UNITED NATIONS ECONOMIC COMMISSION FOR AFRICA P.O. BOX 3001 ADDIS ABABA

MOZAMBIQUE M. BADIBANGA LUC M. ADMINISTRATEUR DIRECTEUR GENERAL Special Guest of the President BRITISH AMERICAN TOBACCO

USA Mr. OFOSU-AMAAH W.PAATII FORMER VICE-PRESIDENT & CORPORATE SG - WORLD BANK Special Guest of the President .

17/05/2008 00:00

Mr. MADAVO CALLISTO FORMER WORLD BANK VICE PRESIDENT 8800 TALLYHO TRAIL Special Guest of the President . POTOMAC MARYLAND MD 20854

Total From Special Guest of the President 4

Member States Final List May 15, 2008 11:07 AM Page 63 of 71 Staff attached to Heads of State & Prime Ministers

Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

CONGO M. OKEMBA JEAN DOMINIQUE CONSEILLER SPECIAL DU CHEF DE L'ETAT / SEC; GLE DU CNS Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. ADOUKI MARTIN AMBASSADEUR Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. OSSEY JEAN PIERRE AMBASSADEUR Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

Mme LEMBOUMBA SASSOU-N'GUESSO CONSEILLER A LA COMMUNICATION & AUX CLAUDIA RELAT° PUBLIQUES PRESIDENCE DE LA REPUBLIQUE DU CONGO Adviser

Mme NDONGO PEGGY FRANCINE CONSEILLER TECHNIQUE Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. BOUYA PROSPER CONSEILLER TECHNIQUE Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

Member States Final List May 15, 2008 11:07 AM Page 64 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. ONDAYE MICHEL DIRECTEUR NATIONALE DES VOYAGES OFFICIELS Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. NGOYA GUY NOEL CHARGE DE MISSION A LA PRESIDENCE Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. IBOBI GILBERT CHARGE DE MISSION Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

Mme NIANGA BLANDINE PROTOCOLE Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. KASSAMBE CLEMENT PROTOCOLE Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. AWOLONGOLI GUILLAUME ATTACHE Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. ILLOYE GOUYA DANIEL AIDE DE CAMP ADJOINT Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

Member States Final List May 15, 2008 11:07 AM Page 65 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. ONDONGO ELENGA OFFICIER DE SECURITE DU PRESIDENT DE LA REPUBLIQUE Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. OBA CYR OFFICIER DE SECURITE DE L'EPOUSE DU PRESIDENT DE LA REP. Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. PELLA GUY OLIVIER Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. ONANGA EMERY Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. ENGOBO CHRYST BONAVENTURE AMBASSADEUR Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. MBATCHI NARCISSE PROTOCOLE Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. KOBOS HILAIRE LUDOVIC Adviser PRESIDENCE DE LA REPUBLIQUE DU CONGO

Member States Final List May 15, 2008 11:07 AM Page 66 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mme GRANELLI ALEXIS CHARGEE DU PROTOCOLE Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. OBISSI ANTOINE Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. NGAPELA MATHIAS CLAVER Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. TOUAHRIA NAJIB Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. OMINGA MARIEN SIMPLICE Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. ONDONGO PIERRE Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. NGOLIENI MARC Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

Member States Final List May 15, 2008 11:07 AM Page 67 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

M. OKANA LEONARD Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. NGOKABA KASSAMBE Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

MOZAMBIQUE M. NGAKOSSO GILDAS WILFRID Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. DJO JEAN LUCIEN Observer PRESIDENCE DE LA REPUBLIQUE DU CONGO

SOUTH AFRICA Mr. MEIRING A. COUNSELLOR Adviser SOUTH AFRICAN HIGH COMMISSION

Mr. MARX A. 2ND SECRETARY Adviser SOUTH AFRICAN HIGH COMMISSION

Member States Final List May 15, 2008 11:07 AM Page 68 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Mr. NKUNA MIHLOTI LUCKY TECHNICIAN Adviser PRESIDENCY OF THE REPUBLIC OF SOUTH AFRICA

Col. MAVHUNGU P. DEFENCE ADVISOR Adviser SOUTH AFRICAN HIGH COMMISSION

Mr. MABUSELA PR POSISHO REGINALD TECHNICIAN Adviser PRESIDENCY OF THE REPUBLIC OF SOUTH AFRICA

Ms. SIBIYA M. ASSISTANT PRIVATE SECRETARY Adviser PRESIDENCY OF THE REPUBLIC OF SOUTH AFRICA

Mr. PISANIE AS DU ASSISTANT DIRECTOR, DIRECTORATE AFRICAN UNION Adviser PRESIDENCY OF THE REPUBLIC OF SOUTH AFRICA

CPT. MOTHAPO MA-MOSHOESHOE PLANNING OFFICER ANDRIES PRESIDENCY OF THE REPUBLIC OF SOUTH AFRICA Adviser

Ms. BARCLAY L. PROTOCOL OFFICER Adviser PRESIDENCY OF THE REPUBLIC OF SOUTH AFRICA

Member States Final List May 15, 2008 11:07 AM Page 69 of 71 Delegate name: Function / Fonction Address / Adresse Class: Organization / Organisation Hotel: Departure Flight / Date / Hour:

Ms. ESSACK N. PROTOCOL OFFICER Adviser PRESIDENCY OF THE REPUBLIC OF SOUTH AFRICA

Total From Staff attached to Heads of State & Prime Ministers 41

Member States Final List May 15, 2008 11:07 AM Page 70 of 71 Total From MEMBER STATES / ETATS MEMBRES 439

Grand Total 439

Member States Final List May 15, 2008 11:07 AM Page 71 of 71 OBSERVERS / OBSERVATEURS OBSERVERS

OBSERVER

Observers Final List May 15, 2008 11:06 AM Page 2 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: UNDERSECRETARY OF TREASURY OF TURKEY

Mr. MEHMET ALI SAGLAM DEPARTMENT HEAD TURKEY * Observer

Total Number OBSERVER 1 Total Number OBSERVERS 1

Turkey's application to become a participant of the Fund and a member of the Bank has been approved by the Board of Governors at the 2008 ADB Annual Meetings.

La demande de la Turquie à devenir participant au Fonds et membre de la Banque a été approuvée par le Conseil des Gouverneurs lors des Assemblées annuelles 2008.

Observers Final List May 15, 2008 11:06 AM Page 3 of 161 CENTRAL BANKS

African Central Banks

Observers Final List May 15, 2008 11:06 AM Page 4 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: BANCO DE MOZAMBIQUE

Mr. MARIO DA GRACAO MACHUNGO PRESIDENT P.O. BOX 423 Observer AVENIDA 25 SETEMBRO 1695 MAPUTO MOZAMBIQUE

BANK OF ZAMBIA

Dr. CALEB FUNDANGA GOVERNOR P.O. BOX 30080 LUSAKA Observer ZAMBIA 17/05/2008 00:00

Mr. KELLYFORD NKALAMO DIRECTOR, ECONOMICS P.O. BOX 30080 LUSAKA Observer ZAMBIA

Mr. WILLIE CHISHIMBA ASSISTANT DIRECTOR - PAYMENT SYSTEMS P.O. BOX 30080 LUSAKA Observer ZAMBIA 18/05/2008 00:00

Mr. DENNY DUMBWIZI EXECUTIVE ASSISTANT - GOVERNOR'S OFFICE P.O. BOX 30080 LUSAKA Observer ZAMBIA 18/05/2008 00:00

BANQUE CENTRALE DES ETATS DE L'AFRIQUE DE L'OUEST

M. PHILIPPE-HENRI DACOURY- GOUVERNEUR AVENUE ABDOULAYE FADIGA TABLEY B.P. 3108 Observer DAKAR SENEGAL

Observers Final List May 15, 2008 11:06 AM Page 5 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. ARMAND BADIEL DIRECTEUR DES ETUDES AVENUE ABDOULAYE FADIGA Observer B.P. 3108 DAKAR 16/05/2008 09:27 SENEGAL

M. SABIOU KASSOUM SOUS-DIRECTEUR DES ETUDES AVENUE ABDOULAYE FADIGA Observer B.P. 3108 DAKAR 16/05/2008 10:11 SENEGAL

M. AMBROISE KONE CONSEILLER SPECIAL DU GOUVERNEUR AVENUE ABDOULAYE FADIGA Observer B.P. 3108 DAKAR SENEGAL

M. KODZO MAWUÉNA DOSSA CONSEILLER DU GOUVERNEUR, DIRECTEUR DU AVENUE ABDOULAYE FADIGA DEEM Observer B.P. 3108 DAKAR SENEGAL

M. KOSSI TENOU ASSISTANT DU GOUVERNEUR AVENUE ABDOULAYE FADIGA Observer B.P. 3108 DAKAR SENEGAL

M. KOUEKI LAURENT KADJI CHARGÉ DE MISSION DU GOUVERNEUR AVENUE ABDOULAYE FADIGA Observer B.P. 3108 DAKAR SENEGAL

BANQUE CENTRALE DU CONGO

Observers Final List May 15, 2008 11:06 AM Page 6 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. BANZA KUMWIMBA ASSISTANT DU GOUVERNEUR 563 BOULEVARD COLONEL TSHATSHI Observer B.P. 2697 KINSHASA I DEMOCRATIC REP. OF CONGO

M. J.C. KABONGO NDONKI CONSULTANT 563 BOULEVARD COLONEL TSHATSHI Observer B.P. 2697 KINSHASA I DEMOCRATIC REP. OF CONGO

M. PIERRE LE MELLER CONSULTANT 563 BOULEVARD COLONEL TSHATSHI Observer B.P. 2697 KINSHASA I DEMOCRATIC REP. OF CONGO

BANQUE D'ALGERIE

M. HALLIME DRISS BOUGHIDA SECRETAIRE GENERAL 38 BD. FRANKLIN ROOSEVELT Observer ALGER ALGERIA TP278 16/05/2008 05:45

BANQUE DES ETATS DE L'AFRIQUE CENTRALE

M. PHILIBERT ANDZEMBE GOUVERNEUR 736 AVENUE MONSIEUR VOGT Observer B.P. 1917 YAOUNDE SA3145 17/05/2008 17:55 CAMEROON

M. ALEXANDRE RENAMY-LARIOT DIRECTEUR DE CABINET DU GOUVERNEUR 736 AVENUE MONSIEUR VOGT Observer B.P. 1917 YAOUNDE SA3145 17/05/2008 17:55 CAMEROON

Observers Final List May 15, 2008 11:06 AM Page 7 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. JOACHIM LEMA OKILI DIRECTEUR DES RELATIONS INTERNATIONALES 736 AVENUE MONSIEUR VOGT Observer B.P. 1917 YAOUNDE TM319 18/05/2008 17:30 CAMEROON

BANQUE NATIONALE DU RWANDA

M. PIERRE CANISIUS KAGABO DIRECTEUR ADJOINT DE LA SUPERVISION B.P. 531 BANCAIRE KIGALI Observer RWANDA KQ 440E 16/05/2008 13:15

CENTRAL BANK OF KENYA

Prof. NJUGUNA NDUNG'U GOVERNOR P.O. BOX 60000 Observer NAIROBI KENYA SA 145 16/05/2008 15:55

Mr. CHRIS GACICIO PERSONAL ASSISTANT TO GOVERNOR P.O. BOX 60000 Observer NAIROBI KENYA SA 145 16/05/2008 15:55

CENTRAL BANK OF SWAZILAND

Mrs. SIBONGILE, GLADYS MDLULI DEPUTY GOVERNOR MAHLOKOHLA STREET Observer P.O. BOX 546 MBABANE H100 DRIVING 16/05/2008 18:00 SWAZILAND

NATIONAL BANK OF LIBERIA

Observers Final List May 15, 2008 11:06 AM Page 8 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mrs. ETHEL DAVIS DEPUTY GOVERNOR BROAD STREET Observer P.O. BOX 2048 MONROVIA 18/05/2008 13:15 LIBERIA

SOUTH AFRICAN RESERVE BANK

Mr. JASON MILTON ECONOMIST P.O. BOX 427 Observer PRETORIA 0001 PRETORIA SOUTH AFRICA

Total Number African Central Banks 25 Total Number CENTRAL BANKS 25

Observers Final List May 15, 2008 11:06 AM Page 9 of 161 COMMERCIAL BANKS

Commercial Banks-African

Observers Final List May 15, 2008 11:06 AM Page 10 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: BANCO DE POUPANCA E CREDITO

Mme MARIA DE FATIMA SILVEIRA BOARD OF DIRECTORS 1343 Observer LUANDA ANGOLA SA 16/05/2008 12:11

BANCO INTERNACIONAL DE COMERCIO

Mr. DINIS M. CHILUVANE MANAGER, ACCOUNTS & FINANCIAL MOZAMBIQUE Observer

BANCO INTERNACIONAL DE MOCAMBIQUE

Mr. JOAQUIM R.D. MABUNDA DEPUTY DIRECTOR AV. SAMORA Observer MACHELM, 247 MAPUTO MOZAMBIQUE

Mr. FERNANDO ELIAS MACAMO COLLABORATOR AV. SAMORA Observer MACHELM, 247 MAPUTO MOZAMBIQUE

BANCO TERRA S.A.

Mr. MILTON CHACHINE HEAD OF CORPORATE BUSINESS MOZAMBIQUE Observer

BANK OF INDUSTRY LTD

Observers Final List May 15, 2008 11:06 AM Page 11 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mrs. PATIENCE FOLASADE JACOBS EXECUTIVE OFFICER BOI HOUSE 63/71 Observer 63/71 BROAD STREET LAGOS NIGERIA

Mr. ABDULGANIYU MOHAMMED ASSISTANT GENERAL MANAGER (SMES) BOI HOUSE 63/71 Observer 63/71 BROAD STREET LAGOS SA143 18/05/2008 11:40 NIGERIA

Mr. SUNNY EKEDAYEN SENIOR MANAGER BOI HOUSE 63/71 Observer 63/71 BROAD STREET LAGOS NIGERIA

BANK OF TOKYO-MITSUBISHI

Mr. KOJI BABA CHIEF REPRESENTATIVE P. O. Box 78519 Observer Sandton, South Africa

SA143 16/05/2008 11:40 SOUTH AFRICA

BANQUE NATIONALE D'INVESTISSEMENT

M. VICTOR NEMBELESSINI-SILUE PRESIDENT DIRECTEUR GENERAL 01 B.P. 670 Observer ABIDJAN 01 COTE D'IVOIRE

M. EUGENE KASSI N'DA DIRECTEUR ADMINISTRATIF FINANCIER 01 B.P. 670 Observer ABIDJAN 01 COTE D'IVOIRE

BANQUE SAHELO-SAHARIENNE POUR L'INVEST. & LE COMMERCE

Observers Final List May 15, 2008 11:06 AM Page 12 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Dr. ELZUBEAR MOHAMED KKAIR DEPUTY GENERAL MANGER B.P. 93221 Observer TRIPOLI LIBYA

CITIBANK

Mrs. DONNA OOSTHUYSE CHIEF OPERATING OFFICER, AFRICA DIVISION 34 CRADOCK AVENUE Observer ROSEBANK JOHANNESBURG SAA143 16/05/2008 11:40 SOUTH AFRICA

DASHEN BANK

Mr. TEKLU HAILE BOARD CHAIRMAN P.O. BOX 12752 Observer ADDIS ABABA ETHIOPIA TM301 16/05/2008 07:00

Mr. LULSEGED TEFERI PRESIDENT P.O. BOX 12752 Observer ADDIS ABABA ETHIOPIA TM301 16/05/2008 07:00

DIAMOND BANK PLC. - NIGERIA

Mr. EMEKA UZOMBA HEAD, TREASURY & CORRESPONDENT BANKING PLOT ADEOLA HOPEWEL STREET GROUP Observer P.O. BOX 70381 LAGOS NIGERIA

Observers Final List May 15, 2008 11:06 AM Page 13 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. DIETRICH VON STACKELBERG GROUP REPRESENTATIVE FOR SOUTHERN CRAIGHALL 2024 AFRICA Observer P.O. BOX JOHANNESBURG TM 313 16/05/2008 17:30 SOUTH AFRICA

ECOBANK

Mr. YVES COFFI QUAM-DESSOU GROUP HEAD 20, RUE DU COMMERCE Observer B.P. 3261 LOME 15/05/2008 11:40 TOGO

Mr. C. JOCKTANE-LAWSON REGIONAL HEAD INTERNATIONAL 20, RUE DU COMMERCE Observer B.P. 3261 LOME 16/05/2008 18:05 TOGO

Mr. ROTIMI NIHINLOLA GROUP HEAD, INTERNATIONAL ORGS WAMZ REGIONAL OFFICE Observer 3RD FLOOR, SILVER STAR TOWER PMB GPO 16/05/2008 00:00 ACCRA GHANA

EXPORT-IMPORT BANK OF INDIA

Mr. O'NEIL RANE RESIDENT REPRESENTATIVE VIA DISCIPLINI 7 Observer PIN/CAP N° 20123 MILAN TM 301 16/05/2008 07:00 SENEGAL

FIRST RAND BANKING GROUP - RAND MERCHANT BANK

Mr. MINOS GERAKARIS HEAD, FINANCIAL INSTITUTIONS (AFRICA) 1 MERCHANT PLACE Observer 1 FREDMAN DRIVE P.O. BOX 786273 15/05/2008 00:00 JOHANNESBURG 2146 SOUTH AFRICA

Observers Final List May 15, 2008 11:06 AM Page 14 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: FORTIS BANK

Mr. OLIVIER SAEN CHIEF REPRESENTATIVE SOUTH AFRICA Observer 15/05/2008 14:24

HSBC BANK

Ms. TRINI ANTUNES SENIOR VICE PRESIDENT HSBC PLACE Observer FIRST AND SECOND FLOOR 2 JOHANNESBURG 2198 SOUTH AFRICA

Mr. JERRY SIMU SENIOR RELATIONSHIP MANAGER HSBC PLACE Observer FIRST AND SECOND FLOOR 2 JOHANNESBURG 2198 SOUTH AFRICA

INTERCONTINENTAL BANK

Mr. ADEMOLA ADEYINKA DIVISIONAL HEAD CORPORATE FINANCE INTERCONTINENTAL PLAZA Observer PLOT 999C DANMOLE STREET LAGOS 16/05/2008 00:00 NIGERIA

INVESTRUST BANK PLC

Mr. FRIDAY C. NDHLOVU CHIEF EXECUTIVE OFFICER P.O. BOX 32344 LUSAKA Observer ZAMBIA

JPMORGAN CHASE BANK N.A.

Observers Final List May 15, 2008 11:06 AM Page 15 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. JON ZEHNER CHIEF EXECUTIVE OFFICER - SUB-SAHARAN 1 FRICKER ROAD AFRICA Observer CNR HURLINGHAM, ILLOVO PRIVATE BAG X9936 TM 301 15/05/2008 07:00 JOHANNESBURG 2146 SOUTH AFRICA

Mr. FREDRECK SHOKO EXECUTIVE DIRECTOR 1 FRICKER ROAD Observer CNR HURLINGHAM, ILLOVO PRIVATE BAG X9936 JOHANNESBURG 2146 SOUTH AFRICA

Mr. BELIA FOFANA VICE PRESIDENT, DEBT CAPITAL MARKETS & 1 FRICKER ROAD DERIVATIVES Observer CNR HURLINGHAM, ILLOVO PRIVATE BAG X9936 TM301 16/05/2008 07:00 JOHANNESBURG 2146 SOUTH AFRICA

MAURITIUS COMMERCIAL BANK

Mr. PETER HIGGINS MANAGING DIRECTOR MOZAMBIQUE Observer

MOZA BANCO

Mr. PRAKASH RATILAL CHAIRMAN MOZAMBIQUE Observer

Mr. INAETE MERALI EXECUTIVE DIRECTOR MOZAMBIQUE Observer

NATIONAL INVESTMENT BANK

Observers Final List May 15, 2008 11:06 AM Page 16 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. DANIEL C. GYIMAH MANAGING DIRECTOR 37 KWAME NKRUMAH AVENUE Observer P.O.B. 3726 ACCRA GHANA

NEDBANK LIMITED

Mr. DAVID FIENBERG HEAD - INTERNATION CAPITAL PRODUCTS 135 RIVONIA ROAD Observer JOHANNESBURG 2196 SOUTH AFRICA SA145 15/05/2008 15:55

Mr. DON THEMBA HEAD, INTERNATION FINANCIAL INSTITUTIONS 135 RIVONIA ROAD Observer JOHANNESBURG 2196 SOUTH AFRICA 15/05/2008 00:00

Mr. BONGANI MICHAEL ZULU MANAGER, TRANSACTION 135 RIVONIA ROAD Observer JOHANNESBURG 2196 SOUTH AFRICA

Mrs. ANGELA ODAME SENIOR ACCOUNT EXECUTIVE - FINANCIAL 135 RIVONIA ROAD INSTITUTIONS Observer JOHANNESBURG 2196 SOUTH AFRICA SA145 15/05/2008 15:55

NIGERIAN EXPORT-IMPORT BANK

Alhaji BABA AHMED MANAGING DIRECTOR/CHIEF EXECUTIVE PLOT 975 OFFICER Observer CENTRAL BUSINESS DISTRICT P.M.B. 276 16/05/2008 00:00 GARKI-ABUJA NIGERIA

Observers Final List May 15, 2008 11:06 AM Page 17 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Alhaji BABA AHMED MANAGING DIRECTOR/CHIEF EXECUTIVE PLOT 975 OFFICER Observer CENTRAL BUSINESS DISTRICT P.M.B. 276 16/05/2008 00:00 GARKI-ABUJA NIGERIA

Mr. HOPE YONGO ASSISTANT GENERAL MANAGER (MARKETING) PLOT 975 Observer CENTRAL BUSINESS DISTRICT P.M.B. 276 16/05/2008 00:00 GARKI-ABUJA NIGERIA

Mrs. RAMATU ABRAHAM ASSISTANT MANAGER PLOT 975 Observer CENTRAL BUSINESS DISTRICT P.M.B. 276 16/05/2008 00:00 GARKI-ABUJA NIGERIA

SOCIETE NATIONALE D'INVESTISSEMENT

M. ONDOA ONANA AMBROISE DEPUTY GENERAL MANAGER B.P. 423 YAOUNDE Observer CAMEROON TM 464 17/05/2008 08:00

STANDARD BANK

Mr. ANTONIO COUTINHO MANAGING DIRECTOR MOZAMBIQUE Observer

Observers Final List May 15, 2008 11:06 AM Page 18 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. ANDREW PAMPHILON DIRECTOR, DEBT CAPITAL MARKETS 5TH FLOOR ENTRANCE 6 Observer 3 SIMMONDS STREET P.O. BOX 62325 SA 145 13/05/2008 15:55 JOHANNESBURG 2107 SOUTH AFRICA

Mr. ANDREW COSTA MANAGER, DEBT CAPITAL MARKETS 5TH FLOOR ENTRANCE 6 Observer 3 SIMMONDS STREET P.O. BOX 62325 SA 145 15/05/2008 11:50 JOHANNESBURG 2107 SOUTH AFRICA

STANDARD CHARTERED BANK

Mr. EBENEZER ESSOKA CHIEF EXECUTIVE OFFICER (CENTRAL AND HEAD OFFICE 3 RD FLOOR WEST AFRICA) Observer HIGH STREET P.O. BOX 768 SA143 14/05/2008 11:40 ACCRA GHANA

Mr. JEFF MIDZUK DIRECTOR, PROJECT & EXPORT FINANCE 2 MERCHANT PLACE Observer 1 FREDMAN DRIVE, SANDTON P.O. BOX 782080 16/05/2008 00:00 JOHANNESBURG 2146 SOUTH AFRICA

Ms. ESTER MURIRA ASSOCIATE DIRECTOR 2 MERCHANT PLACE Observer 1 FREDMAN DRIVE, SANDTON P.O. BOX 782080 14/05/2008 00:00 JOHANNESBURG 2146 SOUTH AFRICA

Mrs. NATHALIE GABALA HEAD DEVELOPMENT ORGANIZATIONS AFRICA 2 MERCHANT PLACE Observer 1 FREDMAN DRIVE, SANDTON P.O. BOX 782080 SA 14/05/2008 00:00 JOHANNESBURG 2146 SOUTH AFRICA

SWAZI BANK

Observers Final List May 15, 2008 11:06 AM Page 19 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. STANLEY M. N. MATSEBULA MANAGING DIRECTOR P.O.BOX 336 Observer MBABANE SWAZILAND DRIVING 16/05/2008 00:00

Mr. SYDNEY S. KUNENE SENIOR MANAGER AGRICULTURE/SMME P.O.BOX 336 Observer MBABANE SWAZILAND

Mrs. DORIS TSHABALALA SENIOR MANAGER AGRICULTURE/SMME P.O.BOX 336 Observer MBABANE SWAZILAND

THE PEOPLE'S BANK OF ZANZIBAR LTD

Mr. AME MAKAME DIRECTOR MARKETING AND COMMERCE GIZENGA STREET Observer P.O. BOX 1173 ZANZIBAR SA 143 17/05/2008 11:40 TANZANIA

Total Number Commercial Banks-African 55

Observers Final List May 15, 2008 11:06 AM Page 20 of 161 COMMERCIAL BANKS

Commercial Banks-Non-African

Observers Final List May 15, 2008 11:06 AM Page 21 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: ABN AMRO BANK, NV

Mr. AZIZ EL MELIH DIRECTOR & SENIOR RELATIONSHIP BANKER GUSTAV MAHLERLAAN 10 Observer P.O. BOX 203 AMSTERDAM 1000 EA SA 145 16/05/2008 15:35 NETHERLANDS (the)

BANCO EFISA

Mrs. MONICA PEREIRA PINTO GENERAL MANAGER AV. ANTONIO AUGUSTO AGUIAR Observer 932 - 4TH FLOOR LISBOA SA 1786 16/05/2008 16:15 PORTUGAL

BANCO ESPIRITO SANTO, S.A.

Mr. GUILHERME M. SARMENTO EXECUTIVE VICE PRESIDENT AVENIDA DA LIBERDADE, 195 Observer LISBOA 1250 - 142 PORTUGAL TM 278 16/05/2008 17:35

BHF-BANK AG

Mr. ZIA HAMAYOUN MEHR VICE PRESIDENT - REGIONAL MANAGER BOCKENHEIMER LANSTRASSE 10 Observer FRANKFURT 60323 GERMANY SA 0145 16/05/2008 15:55

Mr. INGO DIETER TUCHNITZ REGIONAL MANAGER BOCKENHEIMER LANSTRASSE 10 Observer FRANKFURT 60323 GERMANY SA 0145 16/05/2008 15:56

BNP PARIBAS

Observers Final List May 15, 2008 11:06 AM Page 22 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. JEAN-BAPTISTE MAUBON SENIOR REGIONAL MANAGER PLACE DE HOLLANDE 2 Observer GENEVA 1204 SWITZERLAND TP946 16/05/2008 20:45

Mrs. SIMONE WIRZ RELATIONSHIP MANAGER PLACE DE HOLLANDE 2 Observer GENEVA 1204 SWITZERLAND SA145 15/05/2008 15:55

Mr. ANTHONY RUSCHPLER MARKETER DEBT CAPITAL MARKETS Observer 10 HAREWOOD AVENUE LONDON NW1 6AA SA0145 13/05/2008 15:55 UNITED KINGDOM

COMMERZBANK AG

Mr. FRIEDRICH VERSPOHL SENIOR VICE PRESIDENT ZFI 53. AFRICA KAISERPLATZ Observer FRANKFURT D-60261 GERMANY SA 145 16/05/2008 15:55

Mr. BERND RIPP RELATIONSHIP MANAGER ZFI 53. AFRICA KAISERPLATZ Observer FRANKFURT D-60261 GERMANY SA 145 16/05/2008 00:00

DE LA RUE CURRENCY

Mr. JOHN LUCAS AREA DIRECTOR, AFRICA OVERTON MILL Observer OVERTON HAMPSHIRE RG25 3SE SA143 16/05/2008 11:40 UNITED KINGDOM

Observers Final List May 15, 2008 11:06 AM Page 23 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. GUY POTTER REGIONAL MANAGER OVERTON MILL Observer OVERTON HAMPSHIRE RG25 3SE 16/05/2008 00:00 UNITED KINGDOM

Mr. MATHEW WEST REGIONAL MANAGER OVERTON MILL Observer OVERTON HAMPSHIRE RG25 3SE SA143 16/05/2008 11:40 UNITED KINGDOM

Mr. GREGOR ROSS REGIONAL MANAGER OVERTON MILL Observer OVERTON HAMPSHIRE RG25 3SE SAA143 16/05/2008 11:40 UNITED KINGDOM

Mr. DINGANI BANDA SALES MANAGER The Forum Observer 15th Floor, 2 Maude Street, Sandton

16/05/2008 00:00 SOUTH AFRICA

EXPORT-IMPORT BANK OF CHINA

Mr. LI JUN VICE PRESIDENT NO 77, BEIHEYAN STREET Observer DONGCHENG DISTRICT BEIJING 100009 CHINA

Mrs. GONG HUIHON DEPUTY GENERAL MANAGER OF NO 77, BEIHEYAN STREET CONCENSSIONAL LOAN DEPT Observer DONGCHENG DISTRICT BEIJING 100009 CHINA

Observers Final List May 15, 2008 11:06 AM Page 24 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. LIU ZHENGGUI DEPUTY GENERAL MANAGER OF CORPORATE NO 77, BEIHEYAN STREET BANKING DEPT Observer DONGCHENG DISTRICT BEIJING 100009 SA143 15/05/2008 11:40 CHINA

Mr. FEI ZHAOHUI DEPUTY GENERAL MANAGER NO 77, BEIHEYAN STREET Observer DONGCHENG DISTRICT BEIJING 100009 CHINA

Miss CHEN MIN BANKER NO 77, BEIHEYAN STREET Observer DONGCHENG DISTRICT BEIJING 100009 CHINA

Mr. TONG QING SECRETARTY TO THE V.P. NO 77, BEIHEYAN STREET Observer DONGCHENG DISTRICT BEIJING 100009 SA143 15/05/2008 11:40 CHINA

EXPORT-IMPORT BANK OF KOREA

Mr. HYUNG-SOO SHIM DIRECTOR GENERAL 16-1, YOIDO-DONG, Observer YOUNGDUNGPO-GU SEOUL 150-996 SA155 16/05/2008 15:55 KOREA

Ms. JOO-YOUNG LEE MANAGER 16-1, YOIDO-DONG, Observer YOUNGDUNGPO-GU SEOUL 150-996 SA145 16/05/2008 15:55 KOREA

FBN BANK (UK) LTD

Observers Final List May 15, 2008 11:06 AM Page 25 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. ANTHONY WILLIAMS INDEPENDENT NON-EXECUTIVE DIRECTOR 28 FINSBURY CIRCUS Observer LONDON EC2M 7DT UNITED KINGDOM SA 143 14/05/2008 11:40

FORTIS BANK

Mr. ALAIN VERSCHUEREN GLOBAL HEAD BANKS - TRADE FINANCE 3 MONTAGNE DU PARC Observer BRUSSELS 1000 BELGIUM SA143 16/05/2008 11:40

Mr. DEB GHOSH REGIONAL MANAGER TRADE FINANCE 3 MONTAGNE DU PARC Observer BRUSSELS 1000 BELGIUM SA143 16/05/2008 11:40

HSBC BANK

Mr. ADIL KURT-ELLI DIRECTOR LEVEL 3, 8 CANADA SQUARE Observer LONDON EI4 5HQ UNITED KINGDOM SA145 15/05/2008 15:55

Mr. ANDREW DELL HEAD CEEMEA DEBT ORIGINATION & HEAD EM LEVEL 3, 8 CANADA SQUARE DEBT SYNDICATE Observer LONDON EI4 5HQ UNITED KINGDOM SA145 15/05/2008 15:55

Mr. CHRIS PAGETT SPECIAL ADVISER LEVEL 3, 8 CANADA SQUARE Observer LONDON EI4 5HQ UNITED KINGDOM

JAPAN BANK FOR INTERNATIONAL COOPERATION

Observers Final List May 15, 2008 11:06 AM Page 26 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. SHINYA EJIMA DIRECTOR GENERAL, DEVELOPMENT 1-4-1 OTEMACHI, CHIYODA-KU ASSISTANCE DEPARTMENT IV Observer TOKYO 100-8144 JAPAN TM301 16/05/2008 07:00

Mr. HIROAKI FUJIWARA DEPUTY DIRECTOR GENERAL 1-4-1 OTEMACHI, CHIYODA-KU Observer TOKYO 100-8144 JAPAN SA145 16/05/2008 15:55

Mr. SHIGERU KIYAMA RESIDENT EXECUTIVE DIRECTOR FOR AFRICA 1-4-1 OTEMACHI, CHIYODA-KU Observer TOKYO 100-8144 JAPAN SA145 16/05/2008 15:55

Mr. SHUNEI SHINOHARA ENHANCED PRIVATE SECTOR ASSISTANCE FOR 1-4-1 OTEMACHI, CHIYODA-KU AFRICA Observer TOKYO 100-8144 JAPAN KQ440 21/05/2008 11:45

JPMORGAN EUROPE LTD

Miss STACI WARDEN EXECUTIVE DIRECTOR 125 LONDON WALL Observer LONDON EC2Y 5AJ UNITED KINGDOM SA 145 16/05/2008 15:55

Ms. YVONNE IKE SENIOR COUNTRY OFFICER 125 LONDON WALL Observer LONDON EC2Y 5AJ UNITED KINGDOM

LANDENSBANK BADEN-WURTTEMBERG GERMANY

Observers Final List May 15, 2008 11:06 AM Page 27 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. MICHAEL MOLLINE SENIOR VICE PRESIDENT AM HAUPTBAHNHOF 2 Observer STUTTGART 70173 GERMANY 16/05/2008 00:00

LANDESBANK RHEINLAND, PFAIZ

Mr. STILIAN BOIADJIEV RELATIONSHIP MANAGER GIROZENTRALE, GROSSE BLEICHE 54-56 Observer MAINZ-FRANKFURT 6500 GERMANY SA 143 18/05/2008 11:40

NEDBANK LIMITED

Mr. TERRY RUST HEAD OF FORFAITING OLD MUTUAL PALACE Observer 2 LAMBETH HILL LONDON EC4V 4GG SA145 15/05/2008 15:55 UNITED KINGDOM

SOCIETE GENERALE

Mr. RICARDO FAILLACE MANAGING DIRECTOR 1221 AVENUE OF AMERICAS Observer NEW YORK 10020 USA

STANDARD BANK

Mr. RUPERT BOYD GLOBAL HEAD OF DISTRIBUTION CANNON BRIDGE HOUSE Observer 25 DOWGATE HILL LONDON EC4R 2SB TM305 15/05/2008 17:30 UNITED KINGDOM

Observers Final List May 15, 2008 11:06 AM Page 28 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. STEPHEN BAILEY-SMITH HEAD OF RESEARCH, AFRICA CANNON BRIDGE HOUSE Observer 25 DOWGATE HILL LONDON EC4R 2SB TM305 15/05/2008 17:30 UNITED KINGDOM

STANDARD CHARTERED BANK

Ms. ANN GRANT VICE CHAIRMAN, STANDARD CHARTERED 22 BILLITER STREET CAPITAL MARKETS LTD Observer 1 ALDERMANBURY SQUARE LONDON EC3M 2RY SA145 15/05/2008 15:55 UNITED KINGDOM

Mr. CHRISTOPHER HADEN MD & GLOBAL HEAD, RISK MGMT ADVISORY DUBAI INTERNATIONAL Observer FINANCIAL CENTRE P.O BOX 999 SA 145 15/05/2008 17:05 DUBAI UNITED ARAB EMIRATES

Mr. ADE ADEBAJO DIRECTOR & HEAD, DEBT CAPITAL MARKETS 22 BILLITER STREET (AFRICA) Observer 1 ALDERMANBURY SQUARE LONDON EC3M 2RY 13/05/2008 22:42 UNITED KINGDOM

Mr. MARCELO RICAUD DIRECTOR 22 BILLITER STREET Observer 1 ALDERMANBURY SQUARE LONDON EC3M 2RY 14/05/2008 00:00 UNITED KINGDOM

Mr. JEFFREY SPEARS REGIONAL HEAD FINANCIAL INSTITUTIONS, 22 BILLITER STREET AFRICA Observer 1 ALDERMANBURY SQUARE LONDON EC3M 2RY 14/05/2008 00:00 UNITED KINGDOM

Observers Final List May 15, 2008 11:06 AM Page 29 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Ms. RAZIA KHAN REGIONAL HEAD OF RESEARCH, AFRICA 22 BILLITER STREET Observer 1 ALDERMANBURY SQUARE LONDON EC3M 2RY 14/05/2008 04:19 UNITED KINGDOM

Mr. HIREN SINGHARAY HEAD OF SYNDICATIONS, EUROPE, AFRICA & 22 BILLITER STREET SOUTH ASIA Observer 1 ALDERMANBURY SQUARE LONDON EC3M 2RY SA1786 16/05/2008 16:30 UNITED KINGDOM

SUMITOMO MITSUI BANKING CORPORATION

Mr. CHRISTIAN KARAM HEAD OF AFRICA DESK TEMPLE COURT 11 Observer LONDON EC4N 4TA UNITED KINGDOM 17/05/2008 00:00

Mr. TAKAHISA YANO JOINT GENERAL MANAGER TEMPLE COURT 11 Observer LONDON EC4N 4TA UNITED KINGDOM 16/05/2008 00:00

UBS INVESTMENT BANK

Mr. ALEXANDER GARRARD MANAGING DIRECTOR 100 LIVERPOOL STREET Observer LONDON EC2M 2RH UNITED KINGDOM SA145 14/05/2008 15:55

Mr. JAIDEEP PURI MANAGING DIRECTOR 100 LIVERPOOL STREET Observer LONDON EC2M 2RH UNITED KINGDOM SA145 14/05/2008 15:55

Observers Final List May 15, 2008 11:06 AM Page 30 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. SIMONAS EIMAITIS DIRECTOR, EM FI SYNDICATE 100 LIVERPOOL STREET Observer LONDON EC2M 2RH UNITED KINGDOM SA145 14/05/2008 15:55

Mr. JAMES SADLER HEAD OF AFRICAN DEBT CAPITAL MARKETS 100 LIVERPOOL STREET Observer LONDON EC2M 2RH UNITED KINGDOM SA145 14/05/2008 15:55

Total Number Commercial Banks-Non-African 54 Total Number COMMERCIAL BANKS 109

Observers Final List May 15, 2008 11:06 AM Page 31 of 161 FINANCIAL INSTITUTIONS

Multilaterals

Observers Final List May 15, 2008 11:06 AM Page 32 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: EUROPEAN INVESTMENT BANK

Mr. JEAN-LOUIS BIANCARELLI DIRECTOR GENERAL FOR LENDING OPERATIONS 100 BD KONRAD ADENAUER OUTSIDE THE EUROPEAN UNION Observer LUXEMBOURG-KIRCHBERG L-2950 SA 145 16/05/2008 15:55 LUXEMBOURG

Mr. DAVID WHITE HEAD OF REGIONAL REPRESENTATION FOR BROOKLYN SQUARE SOUTHERN AFRICA & INDIAN OCEAN Observer PRIVATE BAG X20 JOHANNESBURG 0075 SA145 16/05/2008 15:55 SOUTH AFRICA

Mr. MARTIN CURWEN MANAGER, ACP-IF DEPARTMENT 100 BD KONRAD ADENAUER Observer LUXEMBOURG-KIRCHBERG L-2950 SA145 16/05/2008 15:55 LUXEMBOURG

INTERNATIONAL FINANCE CORPORATION

Mr. THIERRY TANOH DIRECTOR 14 FRICKER ROAD Observer ILLOVO BLVD JOHANNESBURG 2196 15/05/2008 12:00 SOUTH AFRICA

Mr. GBOYEGA SONGONUGA SENIOR FINANCIAL OFFICER 14 FRICKER ROAD Observer ILLOVO BLVD JOHANNESBURG 2196 16/05/2008 12:29 SOUTH AFRICA

Ms. SABRINA BORLINI INVESTMENT OFFICER 2121 PENNSYLVANIA AVENUE Observer WASHINGTON D.C. 20433 USA 16/05/2008 00:00

INTERNATIONAL FINANCE CORPORATION - MOZAMBIQUE

Observers Final List May 15, 2008 11:06 AM Page 33 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. BABATUNDE A. ONITIRI COUNTRY MANAGER FOR MOZAMBIQUE AND ANGOLA MOZAMBIQUE Observer

INTERNATIONAL MONETARY FUND

Mr. PETER GAKUNU EXECUTIVE DIRECTOR 700 19TH STREET N.W. Observer HQ1, 8-700 WASHINGTON D.C. 20431 SA 145 15/05/2008 15:55 USA

Mr. SAMUEL ITAM ALTERNATE EXECUTIVE DIRECTOR 700 19TH STREET N.W. Observer HQ1, 8-700 WASHINGTON D.C. 20431 SA 145 15/05/2008 15:05 USA

Ms. BENEDICTE VIBE CHRISTENSEN DIRECTOR, AFRICAN DEPARTMENT 700 19TH STREET N.W. Observer HQ1, 8-700 WASHINGTON D.C. 20431 USA

Dr. RACHEL GESAMI SENIOR ADVISOR TO EXECUTIVE DIRECTOR 700 19TH STREET N.W. Observer HQ1, 8-700 WASHINGTON D.C. 20431 SA 142 15/05/2008 11:40 USA

Ms. LUCIE MBOTO FOUDA IMF SPOKESPERSON 700 19TH STREET N.W. Observer HQ1, 8-700 WASHINGTON D.C. 20431 16/05/2008 00:00 USA

Observers Final List May 15, 2008 11:06 AM Page 34 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. AHMED NDYESHOBOLA SENIOR ADVISOR 700 19TH STREET N.W. Observer HQ1, 8-700 WASHINGTON D.C. 20431 USA

INTERNATIONAL MONETARY FUND - MAPUTO

Mr. FELIX FISCHER RESIDENT REPRESENTATIVE MOZAMBIQUE Observer

ISLAMIC CORPORATION FOR THE DEV. OF THE PRIVATE SECTOR (ICD)

Mr. ABDERRAZAK LOUATI INVESTMENT DIRECTOR SAUDI ARABIA Observer TM 305 15/05/2008 17:30

ISLAMIC DEVELOPMENT BANK

Hon. MUSA SILLAH SR. TECHNICAL ASSISTANT KING KHALED STREET Observer P.O. BOX 5925 JEDDAH 21432 TM 301 17/05/2008 07:00 SAUDI ARABIA

Dr. ABDULLATEEF BELLO TECHNICAL ASSISTANT KING KHALED STREET Observer P.O. BOX 5925 JEDDAH 21432 SAUDI ARABIA

MULTILATERAL INVESTMENT GUARANTEE AGENCY (MIGA-WORLD BANK)

Observers Final List May 15, 2008 11:06 AM Page 35 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Ms. ILEANA BOZA GLOBAL HEAD, FINANCIAL SERVICES SECTOR, 1818 HIGH STREET NW GUARANTEES & UNDERWRITING Observer WASHINGTON, DC 20433 USA 16/05/2008 00:00

NORDIC INVESTMENT BANK

Mr. LARS R. FUGLESANG SENIOR MANAGER P.O. BOX 249 HELSINKI SF 00171 Observer FINLAND SA 145 16/05/2008 15:55

OECD DEVELOPMENT ASSISTANCE COMMITTEE

Mr. ECKHARD DEUTSCHER CHAIR CHATEAU DE LA MUETTE Observer 2, RUE ANDRE-PASCAL PARIS CEDEX 16 75775 FRANCE

Ms. LUCIA WEGNER AEO PROJECT MANAGER/ECONOMIST CHATEAU DE LA MUETTE Observer 2, RUE ANDRE-PASCAL PARIS CEDEX 16 75775 TM319 11/05/2008 17:30 FRANCE

Mr. KENNETH RUFFING AEO PROJECT COORDINATOR CHATEAU DE LA MUETTE Observer 2, RUE ANDRE-PASCAL PARIS CEDEX 16 75775 TM319 11/05/2008 17:30 FRANCE

Mr. KIICHIRO FUKASAKU COUNSELLOR CHATEAU DE LA MUETTE Observer 2, RUE ANDRE-PASCAL PARIS CEDEX 16 75775 11/05/2008 00:00 FRANCE

OPEC FUND FOR INTERNATIONAL DEVELOPMENT

Observers Final List May 15, 2008 11:06 AM Page 36 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. SAID AISSI ASSISTANT DIRECTOR GENERAL/ OPERATIONS PARKRING 8 Observer VIENNA 1010 AUSTRIA SA 145 16/05/2008 15:55

Mr. IBRAHIM ALTURKI DIRECTOR, AFRICA REGION PARKRING 8 Observer VIENNA 1010 AUSTRIA SA 145 16/05/2008 15:55

Mr. SYAHRUL LUDDIN OPERATIONS OFFICER PARKRING 8 Observer VIENNA 1010 AUSTRIA SA 143 16/05/2008 11:40

Ms. MONA ALESSA OPERATIONS OFFICER PARKRING 8 Observer VIENNA 1010 AUSTRIA SA 143 16/05/2008 11:40

WORLD BANK

Mr. PHILIPPE ONG SENG EXECUTIVE DIRECTOR 1818 H STREET, N.W Observer WASHINGTON D.C. 20433 USA SA3145 17/05/2008 15:00

Ms. MULU KETSELA EXECUTIVE DIRECTOR 1818 H STREET, N.W Observer WASHINGTON D.C. 20433 USA SA 143 15/05/2008 11:40

Observers Final List May 15, 2008 11:06 AM Page 37 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. MATHIAS SINAMENYE ALTERNATE EXECUTIVE DIRECTOR 1818 H STREET, N.W Observer WASHINGTON D.C. 20433 USA 145 16/05/2008 15:55

Mr. MARK D. TOMLINSON DIRECTOR, REGIONAL INTEGRATION 1818 H STREET, N.W DEPARTMENT Observer WASHINGTON D.C. 20433 USA TM 301 16/05/2008 07:00

Mr. MICHAEL BAXTER COUNTRY DIRECTOR MOZAMBIQUE Observer

Mr. GREGOR BINKERT LEAD ECONOMIST MOZAMBIQUE Observer

Mr. JEAN-CLAUDE TCHATCHOUANG SENIOR ADVISOR TO EXECUTIVE DIRECTOR 1818 H STREET, N.W Observer WASHINGTON D.C. 20433 USA TM301 17/05/2008 07:00

Mr. MOUSSA BARRY SENIOR ADVISOR TO EXECUTIVE DIRECTOR 1818 H STREET, N.W Observer WASHINGTON D.C. 20433 USA SA3145 17/05/2008 15:00

M. ARMAND ATOMATE ADVISOR TO EXECUTIVE DIRECTOR 1818 H STREET, N.W Observer WASHINGTON D.C. 20433 USA SA3145 15/05/2008 05:04

Observers Final List May 15, 2008 11:06 AM Page 38 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. STEFAN EMBLAD ADVISER TO THE VP CONCESSIONAL FINANCE 1818 H STREET, N.W Observer WASHINGTON D.C. 20433 USA 18/05/2008 00:00

Mr. SHEKU BANGURA ADVISER TO EXECUTIVE DIRECTOR 1818 H STREET, N.W Observer WASHINGTON D.C. 20433 USA 16/05/2008 00:00

Mr. SAMUEL MUNZELE MAIMBO SR. FINANCIAL SECTOR SPECIALIST MOZAMBIQUE Observer

Mr. HUMBERTO COSSA SENIOR HEALTH SPECIALIST MOZAMBIQUE Observer

Ms. ISABEL NETO ICT POLICY SPECIALIST MOZAMBIQUE Observer

Mr. ALI Y ALWAHTI URBAN WATER SPECIALIST MOZAMBIQUE Observer

Ms. BINA VALAYDON HEALTH SPECIALIST MOZAMBIQUE Observer

Observers Final List May 15, 2008 11:06 AM Page 39 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Ms. BHADRA SHEELA RESOURCE MANAGEMENT OFFICER DURDABAKSHI MOZAMBIQUE Observer

Ms. YISGEDULLISH AMDE OPERATIONS OFFICER MOZAMBIQUE Observer

Ms. PANGUENE KHOVETE ETT MOZAMBIQUE Observer

Mr. AVISHEK PANTH INTERN MOZAMBIQUE Observer

Ms. SONIA SANCHEZ JPO MOZAMBIQUE Observer

Total Number Multilaterals 48

Observers Final List May 15, 2008 11:06 AM Page 40 of 161 FINANCIAL INSTITUTIONS

Sub-Regional Financial Institutions

Observers Final List May 15, 2008 11:06 AM Page 41 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: AFRICAN DEVELOPMENT CORPORATION

Mr. DIRK HARBECKE CEO GRUNEBURGWEG 18 FRANKFURT / MAIN D-60322 Observer GERMANY TM 305 15/05/2008 17:30

AFRICAN EXPORT-IMPORT BANK

Mr. JEAN-LOUIS EKRA PRESIDENT WORLD TRADE CENTER Observer 1191 CORNICHE EL NIL P.O. BOX 404 GEZIRA 16/05/2008 00:00 CAIRO 11568 EGYPT

Mr. BENEDICT O. ORAMAH SENIOR DIRECTOR (P&D) WORLD TRADE CENTER Observer 1191 CORNICHE EL NIL P.O. BOX 404 GEZIRA 16/05/2008 00:00 CAIRO 11568 EGYPT

Mrs. MAUREEN NNEKA MBA SENIOR COMPLIANCE OFFICER WORLD TRADE CENTER Observer 1191 CORNICHE EL NIL P.O. BOX 404 GEZIRA 16/05/2008 00:00 CAIRO 11568 EGYPT

ARAB BANK FOR ECONOMIC DEVELOPMENT IN AFRICA (BADEA)

H.E. Mr. ABDELAZIZ KHELEF DIRECTOR GENERAL SAYED ABDEL RAHMAN EL-MAHDI AVENUE Observer P.O. BOX 2640 KHARTOUM 11111 SUDAN

Mr. KAMAL MAHMOUD ABDELLATIF DIRECTOR OF OPERATIONS DEPARTMENT SAYED ABDEL RAHMAN EL-MAHDI AVENUE Observer P.O. BOX 2640 KHARTOUM 11111 305 17/05/2008 17:30 SUDAN

Observers Final List May 15, 2008 11:06 AM Page 42 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. EBE EBE OULD ADVISOR DIRECTOR GENERAL SAYED ABDEL RAHMAN EL-MAHDI AVENUE Observer P.O. BOX 2640 KHARTOUM 11111 305 17/05/2008 17:30 SUDAN

BANQUE DE DEVELOPPEMENT DES ETATS DE L'AFRIQUE CENTRALE

M. ANICET DOLOGUELE PRESIDENT PLACE DU GOUVERNEMENT Observer B P 1177 BRAZZAVILLE 16/05/2008 00:00 CONGO

M. OSCAR NGOLE DIRECTEUR DE CABINET DU PRESIDENT PLACE DU GOUVERNEMENT Observer B P 1177 BRAZZAVILLE 16/05/2008 00:00 CONGO

BANQUE OUEST AFRICAINE DE DEVELOPPEMENT

M. ISSA COULIBALY VICE - PRÉSIDENT B.P. 1172 LOME Observer TOGO SA 145 15/05/2008 15:55

Observers Final List May 15, 2008 11:06 AM Page 43 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. OMAR FALL DIRECTEUR DES RELATIONS EXTÉRIEURES B.P. 1172 LOME Observer TOGO SA 145 15/05/2008 15:55

M. HAMADO ZANGO CHARGÉ DE COOPÉRATION B.P. 1172 LOME Observer TOGO SA 145 15/05/2008 15:55

COMMISSION DE L'UNION ECONOMIQUE ET MONÉTAIRE OUEST AFRICAINE

M. ELOGE HOUESSOU DIRECTEUR, SURVEILLANCE MULTILATERALE BURKINA FASO Observer

Mme ADELE CONGO-KABORE CONSEILLER TECHNIQUE DU PRESIDENT BURKINA FASO Observer 16/05/2008 00:00

M. FRANCOIS H. AKOKO CONSEILLER TECHNIQUE DU PRESIDENT BURKINA FASO Observer

DYER AND BLAIR

Mr. MOHAMED HASSAN JOINT MANAGING DIRECTOR 10TH FLOOR LOITA HOUSE Observer LOITA STREET P.O. BOX 45396-00100 NAIROBI KENYA

NORDIC DEVELOPMENT FUND

Observers Final List May 15, 2008 11:06 AM Page 44 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. BJÖRN MÖLLER REGIONAL MANAGER P.O. BOX 185 Observer FABIANINKATU 34 HELSINKI FIN-00171 SA145 15/05/2008 15:55 FINLAND

PTA BANK

Mr. BUTLER BERN MUJENGE SENIOR FINANCE OFFICER 23RD FLOOR, NSSF BUILDING Observer BISHOPS ROAD P.O.BOX 48596 NAIROBI 00100 KENYA

SHELTER AFRIQUE

Mr. BIRAMA SIDIBE MANAGING DIRECTOR UPPER HILL, LONGONOT ROAD Observer P.O. BOX 41479 NAIROBI 00100 GPO KQ 440L 16/05/2008 13:15 KENYA

Mr. OSITA OKONKWO DIRECTOR OF OPERATIONS UPPER HILL, LONGONOT ROAD Observer P.O. BOX 41479 NAIROBI 00100 GPO KQ440L 16/05/2008 13:15 KENYA

THE EASTERN & SOUTHERN AFRICAN TRADE & DEVELOPMENT BANK

Dr. MICHAEL GONDWE PRESIDENT NSFF BUILDING Observer 22ND & 23RD FLOOR P.O. BOX 48596 16/05/2008 00:00 NAIROBI 00100 KENYA

Mr. PREMCHAND MUNGAR SENIOR LEGAL COUNSEL NSFF BUILDING Observer 22ND & 23RD FLOOR P.O. BOX 48596 16/05/2008 00:00 NAIROBI 00100 KENYA

Total Number Sub-Regional Financial Institutions 24

Observers Final List May 15, 2008 11:06 AM Page 45 of 161 FINANCIAL INSTITUTIONS

National Development Banks

Observers Final List May 15, 2008 11:06 AM Page 46 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: BANQUE NATIONALE POUR LE DEVELOPPEMENT ECONOMIQUE

M. DONATIEN NIJIMBERE PRÉSIDENT-DIRECTEUR GÉNÉRAL RUE DU MARCHE Observer B.P. 1620 BUJUMBURA KQ 474 16/05/2008 18:25 BURUNDI

BANQUE RWANDAISE DE DEVELOPPEMENT

Mr. THEOGENE TURATSINZE MANAGING DIRECTOR BP 1341 Observer KIGALI RWANDA 16/05/2008 00:00

CHINA DEVELOPMENT BANK

Mr. JING YUAN ECONOMIST N°29 FUCHENGMENWAL STREET Observer XICHENG DISTRICT BEIJING CHINA

Mr. HE SHI ECONOMIST N°29 FUCHENGMENWAL STREET Observer XICHENG DISTRICT BEIJING CHINA

DEVELOPMENT BANK OF MAURITIUS Ltd

Mr. BENYRAM CHOORAMUN MANAGING DIRECTOR CHAUSSEE Observer PORT LOUIS MAURITIUS

DEVELOPMENT BANK OF SOUTHERN AFRICA

Observers Final List May 15, 2008 11:06 AM Page 47 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. ADMASSU TADESSE EXECUTIVE VICE PRESIDENT HALFWAY HOUSE Observer P.O. BOX 1234 MIDRAND 1685 SA143 16/05/2008 11:40 SOUTH AFRICA

Mr. MAGARE LUTHER MASHABA GROUP EXECUTIVE: SA OPERATIONS HALFWAY HOUSE Observer P.O. BOX 1234 MIDRAND 1685 16/05/2008 15:55 SOUTH AFRICA

Mr. MFANVELI JAMES NDLOVU REGIONAL MANAGER HALFWAY HOUSE Observer P.O. BOX 1234 MIDRAND 1685 16/05/2008 15:55 SOUTH AFRICA

Dr. BANE M. MALEKE HEAD, AFRICA PARTNERSHIPS HALFWAY HOUSE Observer P.O. BOX 1234 MIDRAND 1685 SA143 16/05/2008 12:50 SOUTH AFRICA

Mr. EMMANUEL KERE INVESTMENT OFFICER HALFWAY HOUSE Observer P.O. BOX 1234 MIDRAND 1685 16/05/2008 00:00 SOUTH AFRICA

Mrs. NTOKOZO LANGA HALFWAY HOUSE Observer P.O. BOX 1234 MIDRAND 1685 SA143 16/05/2008 11:40 SOUTH AFRICA

Mr. PAUL BALOYI HALFWAY HOUSE Observer P.O. BOX 1234 MIDRAND 1685 SA143 16/05/2008 11:40 SOUTH AFRICA

Observers Final List May 15, 2008 11:06 AM Page 48 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: INDUSTRIAL DEVELOPMENT BANK

Mr. JAMES B. OCHAMI MANAGING DIRECTOR P.O. BOX 44036 Observer NAIROBI KENYA

Mr. JAMES M.K. KARANJA FINANCIAL CONTROLLER P.O. BOX 44036 Observer NAIROBI KENYA

INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA

Mr. MVULENI GEOFFREY QHENA CHIEF EXECUTIVE OFFICER 19 FREDMAN DRIVE, 2196 Observer SANDTON BOX 784055 JOHANNESBURG 2146 SOUTH AFRICA

Ms. NEO SOWAZI DIVISIONAL EXECUTIVE - MARKETING & 19 FREDMAN DRIVE, 2196 CORPORATE AFFAIRS Observer SANDTON BOX 784055 SA143 16/05/2008 11:40 JOHANNESBURG 2146 SOUTH AFRICA

MILLENNIUM GLOBAL INVESTMENT LIMITED

Mr. MARCELO PAIVA VICE PRESIDENT UNITED KINGDOM Observer

UGANDA DEVELOPMENT BANK

Observers Final List May 15, 2008 11:06 AM Page 49 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Dr. ANTHONY K. APPIAH CHIEF EXECUTIVE OFFICER UGANDA Observer 18/05/2008 09:16

Total Number National Development Banks 18

Observers Final List May 15, 2008 11:06 AM Page 50 of 161 FINANCIAL INSTITUTIONS

Financial Organisations & Securities Houses

Observers Final List May 15, 2008 11:06 AM Page 51 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: ABSA CAPITAL AND BARCLAYS CAPITAL

Mr. D.K. WAIZA REGIONAL HEAD, AFRICA 1ST FLOOR, 1E2 ABSA TOWERS NORTH Observer 180 COMMISSIONER STREET P.O. BOX 1932 TBA 16/05/2008 11:40 JOHANNESBURG 2001 SOUTH AFRICA

Mr. RIDLE MARKUS AFRICA STRATEGIST 1ST FLOOR, 1E2 ABSA TOWERS NORTH Observer 180 COMMISSIONER STREET P.O. BOX 1932 16/05/2008 00:00 JOHANNESBURG 2001 SOUTH AFRICA

Mr. KUMESHEN NAIDOO AFRICA SALES & STRUCTURING 1ST FLOOR, 1E2 ABSA TOWERS NORTH Observer 180 COMMISSIONER STREET P.O. BOX 1932 JOHANNESBURG 2001 SOUTH AFRICA

Mr. BOIKANYO KGOSIDINTSI PRIMARY MARKETS - BOND 1ST FLOOR, 1E2 ABSA TOWERS NORTH Observer 180 COMMISSIONER STREET P.O. BOX 1932 TM305 13/05/2008 16:30 JOHANNESBURG 2001 SOUTH AFRICA

BLACKROCK FINANCIAL MANAGEMENT LTD

Ms. LILI FOROURAGHI MANAGING DIRECTOR 40 EAST 52ND STREET Observer NEW YORK 10022 USA 145 15/05/2008 15:55

BLACKROCK INTERNATIONAL LTD.

Mr. MALICK BADJIE INVESTMENT MANAGER 33 KING WILLIAM STREET Observer LONDON EC4R 9AS UNITED KINGDOM 15/05/2008 00:00

CITI GLOBAL MARKETS - PUBLIC SECTOR

Observers Final List May 15, 2008 11:06 AM Page 52 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. FRANCIS AWUA-KYEREMATEN VICE PRESIDENT UNITED KINGDOM Observer

CITIGROUP GLOBAL MARKETS

Mr. WILBUR MAXINO VICE PRESIDENT CANADA SQUARE Observer CANARY WHARF LONDON SA0145 16/05/2008 15:55 UNITED KINGDOM

Ms. MARYAM KHOSROWSHAHI MANAGING DIRECTOR CANADA SQUARE Observer CANARY WHARF LONDON SA 145 15/05/2008 15:55 UNITED KINGDOM

Mr. PETER SULLIVAN DIRECTOR CANADA SQUARE Observer CANARY WHARF LONDON SA0143 16/05/2008 11:40 UNITED KINGDOM

DIAMOND CAPITAL & FINANCIAL MARKETS

Mr. ANTHONY ONWU MANAGING DIRECTOR NIGERIA Observer

DOLEY SECURITIES, INC.

Amb. HAROLD E. DOLEY JR. FOUNDER 616 BARONNE STREET Observer NEW ORLEANS, LA 70113 USA SA 0143 13/05/2008 11:40

Observers Final List May 15, 2008 11:06 AM Page 53 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: EXOTIX LIMITED

Mr. ANDREW CHAPPELL DIRECTOR GROUND FLOOR Observer 2 BROADGATE LONDON EC2M 7UR UNITED KINGDOM

Mr. STUART CULVERHOUSE CHIEF ECONOMIST/HEAD OF RESEARCH GROUND FLOOR Observer 2 BROADGATE LONDON EC2M 7UR UNITED KINGDOM

Mr. ALON CASPI ECONOMIST GROUND FLOOR Observer 2 BROADGATE LONDON EC2M 7UR UNITED KINGDOM

GOLDMAN SACHS INTERNATIONAL

Mr. JANVIER GONZALO PENINO EXECUTIVE DIRECTOR PETERSBOROUGH COURT 1 VINAS 133 FLEET STREET Observer LONDON EC4A 2BB UNITED KINGDOM

Mr. FELIPE BERLINER ASSOCIATE OF THE EMERGING MARKETS FIXED PETERSBOROUGH COURT 1 INCOME Observer 133 FLEET STREET LONDON EC4A 2BB 15/05/2008 12:29 UNITED KINGDOM

HSBC BANK

Mr. IAN CARR HEAD OF COMMERCIAL CORPORATE HSBC PLACE INSTITUTIONAL BANKING - SSA Observer FIRST AND SECOND FLOOR 2 JOHANNESBURG 2198 SOUTH AFRICA

HSBC INVESTMENTS

Observers Final List May 15, 2008 11:06 AM Page 54 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. STÉPHANE HUBER HEAD OF CENTRAL BANKS & SUPRANATIONALS PARIS 75419 FRANCE Observer

IROKO SECURITIES LTD

Mr. FRANCOIS EKAM-DICK MANAGING DIRECTOR 60 Cannon Street Observer London EC4N 6NP

SA145 13/05/2008 15:55 UNITED KINGDOM

JPMORGAN SECURITIES

Mr. GRAHAM STOCK EXECUTIVE DIRECTOR 60, VICTORIA EMBARBAKMENT Observer LONDON EC4Y 0JP UNITED KINGDOM SA145 15/05/2008 15:55

LOITA CAPITAL PARTNERS

Mr. JUSTIN CHINYANTA CHIEF EXECUTIVE OFFICER CRAIGHALL 2024 Observer N° 11 ALICE LANE P.O. BOX 411458 TM305 14/05/2008 17:30 SANDTON 2196 SOUTH AFRICA

PHARO MANAGEMENT

Mr. GUILLAUME FONKENELL MANAGING DIRECTOR STANHOPE HOUSE 47 PARK LANE Observer W1K 1PR LONDON W1K 1PR 16/05/2008 07:00 UNITED KINGDOM

TUDOR

Observers Final List May 15, 2008 11:06 AM Page 55 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. NIGEL WHITTAKER PORTFOLIO MANAGER UNITED KINGDOM Observer

UBS FINANCIAL SERVICES Inc. - USA

Mr. PETER OSEMOBOR SENIOR VICE PRESIDENT 1285 AVENUE OF THE AMERICAS Observer 19TH FLOOR NEW YORK 16/05/0008 00:00 USA

WEST LB SECURITIES

Mr. CHRISTOPHER KENNY MANAGING DIRECTOR 25 BASINGHALL STREET Observer LONDON UNITED KINGDOM TM0305 13/05/2008 17:30

Mr. LOUIS SABATINO DIRECTOR 25 BASINGHALL STREET Observer LONDON UNITED KINGDOM

Total Number Financial Organisations & Securities Houses 27 Total Number FINANCIAL INSTITUTIONS 117

Observers Final List May 15, 2008 11:06 AM Page 56 of 161 INSURANCE COMPANIES

Insurance Company-African

Observers Final List May 15, 2008 11:06 AM Page 57 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: AFRICAN TRADE INSURANCE AGENCY

Mr. PETER JONES CHIEF EXECUTIVE OFFICER CAPITAL HILL ROAD Observer P.O. BOX 10620-00100 GPO NAIROBI KQ 440 16/05/2008 13:15 KENYA

Mr. CYPRIEN SAKUBU CHIEF INVESTOR RELATIONS MANAGER CAPITAL HILL ROAD Observer P.O. BOX 10620-00100 GPO NAIROBI 16/05/2008 00:00 KENYA

CONFERENCE INTERAFRICAINE DES MARCHES D'ASSURANCES

Mr. ABDOULAYE KEITA SECRETAIRE GENERAL ADJOINT B.P. 2750 LIBREVILLE Observer GABON

Total Number Insurance Company-African 3 Total Number INSURANCE COMPANIES 3

Observers Final List May 15, 2008 11:06 AM Page 58 of 161 COOPERATION INSTITUTIONS

United -Nations System

Observers Final List May 15, 2008 11:06 AM Page 59 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT

Mr. MOHAMED TOUNESSI SENIOR COUNTRY PORTFOLIO MANAGER 107, VIA DEL SERAFICA Observer ROME 00142 ITALY TM 300 15/05/2008 17:30

INTERNATIONAL LABOUR ORGANIZATION

Mr. GERRY FINNEGAN REPRESENTATIVE FOR ZAMBIA, MALAWI, MOZAMBIQUE, ZAMBIA ZAMBIA Observer

UNESCO

Mrs. ZULMIRA RODRIGUES EDUCATION PROGRAMME SPECIALIST MAPUTO MOZAMBIQUE Observer

UNITED NATIONS HUMAN SETTLEMENTS PROGRAMME - KENYA

Dr. ALIOUNE BADIANE EXECUTIVE DIRECTOR P.O. BOX 30030 NAIROBI 00100 Observer KENYA KQ440 16/05/2008 13:15

Mr. ALAIN GRIMARD SENIOR ADVISER P.O. BOX 30030 NAIROBI 00100 Observer KENYA KQ 440 16/05/2008 13:15

UNITED NATIONS DEVELOPMENT PROGRAMME MAPUTO

Observers Final List May 15, 2008 11:06 AM Page 60 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Dr. NGILA MWASE SENIOR ECONOMIST MOZAMBIQUE Observer

Mr. DOMINGO ARMANDO MAZIVILA ECONOMIST SPECIALIST MOZAMBIQUE Observer

UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP)

Dr. KODJO MENSAH-ABRAMPA REGIONAL TECHNICAL ADVISER (LD) 7 NAIVASHA ROAD Observer UNDP-RSC SUNNING HILL

SA 3145 17/05/2008 17:05 SOUTH AFRICA

UNITED NATIONS ECONOMIC COMMISSION FOR AFRICA

Mr. KASIRIM NWUKE CHIEF, MDGS & POVERTY ANALYSIS SECTION MENELIK II AVENUE Observer P.O. BOX 3001 ADDIS ABABA TM 301 16/05/2008 07:00 ETHIOPIA

Mr. ABDOULAHI MAHAMAT OIC, TRADE, FINANCE AND ECONOMIC MENELIK II AVENUE DEVELOPMENT SECTION Observer P.O. BOX 3001 ADDIS ABABA TM 301 16/05/2008 07:00 ETHIOPIA

Mr. LEONCE NDIKUMANA CHIEF, MACROECONOMIC ANALYSIS MENELIK II AVENUE Observer P.O. BOX 3001 ADDIS ABABA TM 301 16/05/2008 07:00 ETHIOPIA

Observers Final List May 15, 2008 11:06 AM Page 61 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. JOSEPH ATTA-MENSAH CHIEF REGIONAL INTEGRATION DIVISION MENELIK II AVENUE Observer P.O. BOX 3001 ADDIS ABABA ETHIOPIA

Mr. ANTONIO PEDRO CHIEF, INFRASTRUCTURE & NATURAL MENELIK II AVENUE RESOURCES DEV. Observer P.O. BOX 3001 ADDIS ABABA TM 301 16/05/2008 07:00 ETHIOPIA

Ms. NICOLE BRESSON CHIEF PROTOCOL AND LOGISTICS UNIT MENELIK II AVENUE Observer P.O. BOX 3001 ADDIS ABABA ETHIOPIA

Mr. ADEYEMI DIPEOLU SPECIAL ASSISTANT TO THE EXECUTIVE MENELIK II AVENUE SECRETARY Observer P.O. BOX 3001 ADDIS ABABA TM 301 15/05/2008 07:00 ETHIOPIA

UNITED NATIONS HUMAN SETTLEMENTS PROGRAMME

Mr. JAIME HENRIQUE COMICHE PROGRAM MANAGER MOZAMBIQUE Observer

UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION

Mr. PATRICK KORMAWA SPECIAL ASSISTANT & COORDINATOR, INT'L FIN. VIENNA INTERNATIONAL CENTRE PARTNERSHIP UNIT Observer WAGRAMERSTR. 5 P.O. BOX 300 TK301 16/05/2008 19:00 VIENNE A-1400 AUSTRIA

UNITED NATIONS MILLENNIUM CAMPAIGN

Observers Final List May 15, 2008 11:06 AM Page 62 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Dr. TAJUDEEN ABDUL-RAHEEM DEPUTY DIRECTOR, AFRICA P.O. BOX 14205 NAIROBI 00800 Observer KENYA

UNITED NATIONS POPULATION FUND SOUTH AFRICA

Dr. AGATHE LAWSON MANAGER - REGIONAL DIRECTOR TEAM IN JOHANNESBURB - SOUTH AFRICA SOUTH AFRICA Observer

WORLD TRADE ORGANIZATION

Mrs. VALENTINE RUGWABIZA DIRECTOR GENERAL 154 RUE DE LAUSANNE Observer GENEVA 21 1211 SWITZERLAND SA 145 15/05/2008 15:55

Mr. JOSHUA SETIPA COUNSELLOR 154 RUE DE LAUSANNE Observer GENEVA 21 1211 SWITZERLAND SA 145 16/05/2008 15:55

Total Number United -Nations System 21

Observers Final List May 15, 2008 11:06 AM Page 63 of 161 COOPERATION INSTITUTIONS

Cooperation Institutions African

Observers Final List May 15, 2008 11:06 AM Page 64 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: AFRICAN UNION

Prof. R. OMOTAYO OLANIYAN AFRICAN UNION - REGIONAL DELEGATE TO SADC MALAWI Observer TM 301 17/05/2008 07:00

AGRICULTURAL FINANCE CORPORATION

Mrs. NASIEKU TARAYIA DEPUTY MANAGING DIRECTOR KENYA Observer

ARAB AUTHORITY FOR AGRICULTURAL INVESTMENT & DEV

Mr. SIDDIG UMBADDA SECRETARY GENERAL-TRUST FUND P.O.BOX 2102 KHARTOUM Observer SUDAN

ASSOCIATION DES INSTITUTIONS AFRICAINES DE FINANCEMENT DU DEV.

Mr. LASSINA OUATTARA ASSISTANT COMPTABLE & ADMINISTRATIF 01 B. P.1720 A B I D J A N 01 Observer COTE D'IVOIRE

ASSOCIATION POUR LE DEVELOPPEMENT DE L'EDUCATION EN AFRIQUE

Mr. MAMADOU NDOYE SECRETAIRE EXECUTIF 79 RUE EUGENE DELACROIX Observer PARIS 75116 FRANCE

COLLABORATIVE AFRICA BUDGET REFORME INITIATIVE (CABRI) SECRETARIAT

Observers Final List May 15, 2008 11:06 AM Page 65 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Miss SALOMÉ BULTERMAN FINANCE & PROJECT ADMINISTRATOR C/O NATIONAL TREASURY Observer PRIVATE BAG X115 PRETORIA 0001 SA145 14/05/2008 15:55 SOUTH AFRICA

Ms. AARTI SHAH TECHNICAL ADVISOR C/O NATIONAL TREASURY Observer PRIVATE BAG X115 PRETORIA 0001 SA145 14/05/2008 15:55 SOUTH AFRICA

Mr. ACHI BERND BLUME ADVISER C/O NATIONAL TREASURY Observer PRIVATE BAG X115 PRETORIA 0001 SOUTH AFRICA

Ms. ALETTA FRANCINA FOLSCHER ADVISOR C/O NATIONAL TREASURY Observer PRIVATE BAG X115 PRETORIA 0001 SOUTH AFRICA

Mr. KHASIANI KUBAI ADVISOR C/O NATIONAL TREASURY Observer PRIVATE BAG X115 PRETORIA 0001 SOUTH AFRICA

Miss YACINE BIO-TCHANE POLICY ANALYST C/O NATIONAL TREASURY Observer PRIVATE BAG X115 PRETORIA 0001 SA145 14/05/2008 15:55 SOUTH AFRICA

Mrs. GWYN F.M. GLAISTER EVENT MANAGER C/O NATIONAL TREASURY Observer PRIVATE BAG X115 PRETORIA 0001 SOUTH AFRICA

Observers Final List May 15, 2008 11:06 AM Page 66 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: COMESA SECRETARIAT

Mr. IBRAHIM ZEIDY SENIOR MONETARY ECONOMIST P.O. BOX 30051 Observer LUSAKA ZAMBIA 16/05/2008 00:00

COMMISSION DU BASSIN DU LAC TCHAD

Mr. AHMAT DADY DIRECTEUR, DEPARTEMENT ADMINISTRATION & 727 FINANCES NDJAMENA Observer CHAD SA143B 17/05/2008 11:40

COMMUNAUTE ECONOMIQUE DES PAYS DES GRANDS LACS

Amb. GABRIEL TOYI SECRETAIRE EXECUTIF B.P. 58 GISENYI Observer RWANDA

ECOWAS BANK FOR INVESTMENT AND DEVELOPMENT

Mr. BASHIR IFO VICE PRESIDENT, FINANCE & CORPORATE 128 BD. DU 13 JANVIER SERVICES Observer B.P. 2704 LOME SA0143 17/05/2008 11:40 TOGO

Mr. STEPHEN MONYE DIRECTOR, RESEARCH AND STRATEGIC 128 BD. DU 13 JANVIER PLANNING Observer B.P. 2704 LOME SA0143 17/05/2008 11:40 TOGO

Observers Final List May 15, 2008 11:06 AM Page 67 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. OUSMANE BOCOUM DIRECTOR OF OPERATIONS - PUBLIC SECTOR 128 BD. DU 13 JANVIER Observer B.P. 2704 LOME TOGO

ECOWAS SECRETARIAT

Mr. DEDOU PAGNAMSI HEMOU PPO EXTERNAL RELATION 60 YAKUBU GOWON CRESCENT Observer ASOKORO P.M.B. 401 16/05/2008 00:00 ABUJA NIGERIA

FONDS AFRICAIN DE GARANTIE & DE COOPERATION ECONOMIQUE

Mr. JUSTIN UYISENGA CONSEILLER SPECIAL DU DIRECTEUR GENERAL 01 B.P. 2045 COTONOU Observer BENIN

FONDS DE PROMOTION DE L'INDUSTRIE

M. MUSEMA DAMIEN SIMBI ADMINISTRATEUR DIRECTEUR FINANCIER BP. 11696 Observer KINSHASA DEMOCRATIC REP. OF CONGO

M. KWETE CONSTANTIN MBENGELE ADMINISTRATEUR DELEGUE GENERAL BP. 11696 Observer KINSHASA DEMOCRATIC REP. OF CONGO

FONDS DE SOLIDARITE AFRICAIN

Observers Final List May 15, 2008 11:06 AM Page 68 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. JEAN MARIE V. NYIRIMIHIGO DIRECTEUR GENERAL B.P. 382 NIAMEY Observer NIGER SA143 16/05/2008 11:40

SOUTHERN AFRICAN DEVELOPMENT COMMUNITY (SADC)

Mr. TOMAZ AUGUSTO SALOMAO EXECUTIVE SECRETARY SADC SECRETARIAT Observer PRIVATE BAG 0095 GABORONE BOTSWANA

Mr. KANIKI JUMA SENIOR PROGRAM MANAGER MACRO ECONOMIC SADC SECRETARIAT SURVEILLANCE Observer PRIVATE BAG 0095 GABORONE TM 301 17/05/2008 07:00 BOTSWANA

SOUTHERN AFRICAN DEVELOPMENT COMMUNITY DEVELOPMENT FINANCE RESOURCE CE

Mr. STUART KUFENI CHIEF EXECUTIVE OFFICER BOTSWANA Observer

U.P.D.E.A.

M. ABEL DIDIER TELLA SECRETAIRE GENERAL 01 B.P. 1345 ABIDJAN 01 Observer COTE D'IVOIRE

M. APPOLINAIRE ANANI ASSISTANT - RELATIONS INTERNATIONALES 01 B.P. 1345 ABIDJAN 01 Observer COTE D'IVOIRE

Observers Final List May 15, 2008 11:06 AM Page 69 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: VOLTA RIVER AUTHORITY

Mr. BRIGHT OBENG BOAMPONG DEPUTY CHIEF EXECUTIVE OFFICER ELECTRO VOLTA HOUSE Observer 28TH FEBRUARY ROAD P.O. BOX MB 77 KQ 440 16/05/2008 13:15 ACCRA GHANA

Total Number Cooperation Institutions African 29

Observers Final List May 15, 2008 11:06 AM Page 70 of 161 COOPERATION INSTITUTIONS

Cooperation Institutions-Non-African

Observers Final List May 15, 2008 11:06 AM Page 71 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: AMSCO

Mr. AYISI MAKATIANI CEO & MANAGING DIRECTOR 14 FRICKER ROAD Observer CRAIGHALL P.O. BOX 41706 JOHANNESBURG 2029 SOUTH AFRICA

Ms. FATUMA RAJAB ABDULLAH MANAGER 14 FRICKER ROAD Observer CRAIGHALL P.O. BOX 41706 JOHANNESBURG 2029 SOUTH AFRICA

COMMON FUND FOR COMMODITIES

Amb. ALI MCHUMO MANAGING DIRECTOR STADHOUDERSKADE 55 1072AB Observer P.O. BOX 74656- 1070BR AMSTERDAM TM 301 16/05/2008 07:00 NETHERLANDS (the)

Mr. CALEB DENGU PORTFOLIO MANAGER STADHOUDERSKADE 55 1072AB Observer P.O. BOX 74656- 1070BR AMSTERDAM NETHERLANDS (the)

COMMONWEALTH SECRETARIAT

Mr. VASANTT JOGOO ADVISER & HEAD OF SECTION MALBROUGH HOUSE Observer PALL MALL, SWI 5HX LONDON 15/05/2008 00:00 UNITED KINGDOM

EUROPEAN UNION

Observers Final List May 15, 2008 11:06 AM Page 72 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. MACIEJ POPOWSKI DIRECTOR RUE DE LA LOI 200 Observer BRUSSELS B-1049 BELGIUM

Ms. MYRIAM SEKKAT PROGRAMME MANAGER Immeuble Europe Observer Rue du Lac Biwa

TUNISIA

JAPAN INTERNATIONAL COOPERATION AGENCY

Mr. TAKASHI ITO RESIDENT REPRESENTATIVE MOZAMBIQUE Observer

Mrs. MAI OKADA ASSISTANT RESIDENT REPRESENTATIVE MOZAMBIQUE Observer

Mrs. AKIKO ABE PROJECT FORMULATION COORDINATOR MOZAMBIQUE Observer

ORGANISATION INTERNATIONALE DE LA FRANCOPHONIE (OIF)

M. HERVÉ CRONEL CONSEILLER SPÉCIAL DU SECRÉTAIRE 28, RUE DE BOURGOGNE GÉNÉRAL, ECONOMIE ET DÉVELOPPEMENT Observer PARIS 75007 FRANCE SA 145 14/05/2008 15:55

SWEDISH INTERNATIONAL DEVELOPMENT COOPERATION AGENCY

Observers Final List May 15, 2008 11:06 AM Page 73 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. THOMAS MELIN HEAD OF DIVISION VALHALLAVAGEN 199 Observer STOCKHOLM SE-10525 SWEDEN SA 145 15/05/2008 15:55

Mrs. NAYOKA MARTINEZ- PROGRAMME OFFICER VALHALLAVAGEN 199 BÄCKSTRÖM STOCKHOLM SE-10525 SWEDEN SAObserver 145 15/05/2008 15:55

Dr. SOLOMON MULUGETA CONSULTANT P. O. Box 30433 Observer Addis Ababa

TM 313Y 16/05/0008 00:00 ETHIOPIA

Mr. YEMI CARDOSO INDIVIDUAL CONSULTANT VALHALLAVAGEN 199 Observer STOCKHOLM SE-10525 SWEDEN 14/05/2008 00:00

UNION EUROPEENNE

M. GLAUCO CALZUOLA HEAD OF DELEGATION MOZAMBIQUE Observer

Mme SYLVIE MILLOT HEAD OF COOPERATION MOZAMBIQUE Observer

Observers Final List May 15, 2008 11:06 AM Page 74 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mlle FRANCOISE MILLECAM ADVISOR MOZAMBIQUE Observer

US AGENCY FOR INTERNATIONAL DEVELOPMENT (USAID)

Ms. STEPHANIE WILCOCK REGIONAL TRADE ADVISOR P.O. BOX 30261 NAIROBI Observer KENYA 1315 16/05/2008 16:40

Total Number Cooperation Institutions-Non-African 19 Total Number COOPERATION INSTITUTIONS 69

Observers Final List May 15, 2008 11:06 AM Page 75 of 161 RATING AGENCIES & BANK COUNSELS

Rating Agencies

Observers Final List May 15, 2008 11:06 AM Page 76 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: FITCH RATINGS

Mr. ERIC PAGET-BLANC SENIOR DIRECTOR 60 RUE DE MONCEAU Observer PARIS 75008 FRANCE 18/05/2008 00:00

Ms. VERONICA KALEMA DIRECTOR ELDON HOUSE Observer 2 ELDON STREET LONDON EC2H 7UA 16/05/2008 15:55 UNITED KINGDOM

STANDARD & POOR'S

Mr. KONRAD REUSS MANAGING DIRECTOR - HEAD OF RATINGS 20 CANADA SQUARE AFRICA Observer CANARY WHARF LONDON E14 5LH SA0145 14/05/2008 15:55 SOUTH AFRICA

Miss SOFYA TOLSTYKH ASSOCIATE DIRECTOR, MARKET DEVELOPMENT 20 CANADA SQUARE Observer CANARY WHARF LONDON E14 5LH UNITED KINGDOM

Mr. DAVID BEERS MANAGER 20 CANADA SQUARE Observer CANARY WHARF LONDON E14 5LH TP246 21/05/2008 08:10 UNITED KINGDOM

Total Number Rating Agencies 5 Total Number RATING AGENCIES & BANK COUNSELS 5

Observers Final List May 15, 2008 11:06 AM Page 77 of 161 CONSULTANTS & CONTRACTORS

African Consultants

Observers Final List May 15, 2008 11:06 AM Page 78 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: CROWN AGENTS MOZAMBIQUE

Mr. EUGENIO LANGA COUNTRY MANAGER AVE. 25 SETEMBRO Observer CP 4073 MAPUTO 15/05/2008 00:00 MOZAMBIQUE

Mrs. MARGARIDA MACAMO OFFICE COORDINATOR AVE. 25 SETEMBRO Observer CP 4073 MAPUTO MOZAMBIQUE

DORNIER CONSULTING SOUTH AFRICA

Mr. ANDREW MAGGS STRATEGIC ADVISOR 5 CRADOCK PLACE Observer CRADOCK AVENUE JAHANNESBURG 2196 SAA 145 16/05/2008 15:55 SOUTH AFRICA

INDIVIDUAL CONSULTANT

Mr. VALTER MABJAIA CONSULTANT AVE. VLADIMIR LENINE Observer 1619 MAPUTO MOZAMBIQUE

INDIVIDUAL CONSULTANT UEM

Mr. SALVADOR MONDLANE CONSULTANT, UEM Nà. 938 AVE. JULIUS NYERERE Observer MAPUTO MOZAMBIQUE

Total Number African Consultants 5

Observers Final List May 15, 2008 11:06 AM Page 79 of 161 CONSULTANTS & CONTRACTORS

Consultants-Non-African

Observers Final List May 15, 2008 11:06 AM Page 80 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: COTECNA INSPECTION S.A.

Mr. DAVID KOECHLIN VICE PRÉSIDENT 58, RUE DE LA TERRASSIERE Observer CASE POSTALE 6155 GENEVA 6 CH-1211 SA143 16/05/2008 12:50 SWITZERLAND

CROWN AGENTS

Ms. VIVIENNE DAVIES DIRECTOR FINANCIAL SERVICES Observer ST. NICHOLAS ROAD SURREY SM1 1EL 16/05/2008 00:00 UNITED KINGDOM

Mr. STUART PONDER DIRECTOR FINANCIAL SERVICES Observer ST. NICHOLAS ROAD SURREY SM1 1EL SA143 15/05/2008 11:40 UNITED KINGDOM

Mr. DAVID PHILLIPS ASSOCIATE DIRECTOR FINANCIAL SERVICES Observer ST. NICHOLAS ROAD SURREY SM1 1EL SA145 15/05/2008 15:55 UNITED KINGDOM

Mr. JAMES ILORI RESEARCH ANALYST FINANCIAL SERVICES Observer ST. NICHOLAS ROAD SURREY SM1 1EL SA145 15/05/2008 15:55 UNITED KINGDOM

Mr. MIKE SYMES FINANCIAL SERVICES Observer ST. NICHOLAS ROAD SURREY SM1 1EL 15/05/2008 00:00 UNITED KINGDOM

DEVELOPMENT GATEWAY FOUNDATION

Observers Final List May 15, 2008 11:06 AM Page 81 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. FRANCIS DOGO SENIOR DIRECTOR 1889 F. STREET, NW, SECOND FLOOR Observer WASHINGTON DC 20006 USA

EUROMONEY INSTITUTIONAL INVESTOR PLC

Ms. ANNICK JAEGY CONFERENCE DIRECTOR NESTOR HOUSE Observer PLAYHOUSE YARD LONDON EC4V 5EX SA 16/05/2008 15:10 UNITED KINGDOM

EUROPEAN COMMUNITY CONSULTING

Mme ANNE-MARIE BOUVY PRESIDENTE 28 RUE DU MARTEAU COUPERY DE SAINT-G BRUXELLES 1210 Observer BELGIUM

Total Number Consultants-Non-African 9 Total Number CONSULTANTS & CONTRACTORS 14

Observers Final List May 15, 2008 11:06 AM Page 82 of 161 MEDIA

Medias

Observers Final List May 15, 2008 11:06 AM Page 83 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: AFP

M. CARLOS LITULO JOURNALISTE MOZAMBIQUE Press

M. CANDIDO CAMARA JOURNALISTE MOZAMBIQUE Press

AFRICA INTERNATIONAL

Ms. MARIE-ROGER BILOA CHIEF EXECUTIVE OFFICER 29 rue du Colisee Press 75008 Paris

15/05/2008 00:00 FRANCE

AFRIQUE EXPANSION

Mme BEATRICE ARBOCK BEDIANG DIRECTRICE REGIONALE BP.: 7281 Press YAOUNDE

16/05/2008 00:00 CAMEROON

AFRIQUE MAGAZINE

M. ZIAD LIMAM PRESIDENT FRANCE Press

AGENCE D'INFORMATION MOZAMBIQUE

Observers Final List May 15, 2008 11:06 AM Page 84 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. PAUL FAUVET EDITOR ENGLISH SERVICE MOZAMBIQUE Press

M. SANTOS NHANTUMBO JOURNALISTE MOZAMBIQUE Press

M. DAMIAO TRAPE JOURNALISTE MOZAMBIQUE Press

Ms. SONIA MUCHATE REPORTER/JOURNALISTE MOZAMBIQUE Press

M. FERHAT MOMADE JOURNALISTE MOZAMBIQUE Press

Ms. FATIMA MIMBIRE JOURNALISTE MOZAMBIQUE Press

AGENCE FRANCE PRESSE

Observers Final List May 15, 2008 11:06 AM Page 85 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. EMMANUEL GOUJON CORRESPONDANT EN ETHIOPIE 12 place de la Bourse Press 75002 PARIS

FRANCE

AGENCE PRESSE

M. MANUEL CAMILO NTAVE JOURNALISTE MOZAMBIQUE Press

ALLAFRICA GLOBAL MEDIA

M. GOLOKO ALIOU JOURNALISTE SENEGAL Press

ALTERNATIVA

M. ANTONIO UQUEIO JOUIRNALISTE MOZAMBIQUE Press

M. CAMILO MATE JOURNALISTE MOZAMBIQUE Press

M. SERGIO MASSINGA JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 86 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: ANTONIO FORJAZ PRODUCAO

M. ANTONIO FORJAZ CHEF D'EQUIPE MOZAMBIQUE Press

M. KARL SOUSA CAMERAMAN MOZAMBIQUE Press

M. AMERICO MATOLA JOURNALISTE MOZAMBIQUE Press

M. MATEUS MUCARE CAMERAMAN MOZAMBIQUE Press

M. SERGIO LIBILO CAMERAMAN MOZAMBIQUE Press

M. JOSE CABRAL PHOTOGRAPHE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 87 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. TOMAS CUMBANA PHOTOGRAPHE MOZAMBIQUE Press

M. MARANGUENE J. PELEMBE JOURNALISTE MOZAMBIQUE Press

M. ALBINO MAHUMANA PHOTOGRAPHE MOZAMBIQUE Press

ARABIES MAGAZINE

M. HICHEM BEN YAICHE JOURNALISTE EDITORIALISTE FRANCE Press

BBC - RADIO

M. ELEUTERIO FENITA JOURNALISTE MOZAMBIQUE Press

BLOOMBERG NEWS

Ms. NASREEN SERIA REPORTER 7th Floor Office Towers Press Sandton City Mall

SA143 16/05/2008 11:40 SOUTH AFRICA

Observers Final List May 15, 2008 11:06 AM Page 88 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: CORREIO DA MANHA

M. JAIME UBISSE JOURNALISTE MOZAMBIQUE Press

M. JORGE TOME REPORTER / PHOTOGRAPHE MOZAMBIQUE Press

M. SAVECA FILIMAO REPORTER MOZAMBIQUE Press

D.E.R. LTD.

Mr. JONI AKPEDERI MANAGING DIRECTOR 13JAMES ROBERTSON ST Press P.M.B. 3112 SURULERE LAGOS NIGERIA

Mr. KELECHI ANYANWU EDITOR 13JAMES ROBERTSON ST Press P.M.B. 3112 SURULERE LAGOS NIGERIA

Mr. TAIWO ONI PHOTO EDITOR 13JAMES ROBERTSON ST Press P.M.B. 3112 SURULERE LAGOS NIGERIA

Observers Final List May 15, 2008 11:06 AM Page 89 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. JAIRUS OKOLOBE EMUH DTP JOURNALIST 13JAMES ROBERTSON ST Press P.M.B. 3112 SURULERE LAGOS NIGERIA

Ms. CHIKAODI UKPABIA LILIAN DTP JOURNALIST 13JAMES ROBERTSON ST Press P.M.B. 3112 SURULERE LAGOS NIGERIA

Mr. KALU KALU EZIYI 13JAMES ROBERTSON ST Press P.M.B. 3112 SURULERE LAGOS NIGERIA

Mr. FRANCIS ONOMOVO REPORTER 13JAMES ROBERTSON ST Press P.M.B. 3112 SURULERE LAGOS NIGERIA

DIARIO DE MOCAMBIQUE

M. ALEXANDRE CHIURE JOURNALISTE MOZAMBIQUE Press

M. LOBAO JOAO JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 90 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. ANTONIO MUIANGA JOURNALISTE MOZAMBIQUE Press

DIARIO DE NOTICIAS

M. PAULO MACHAVE JOURNALISTE MOZAMBIQUE Press

DIARIO MPHAMA

M. ERNESTO CHAUQUE JOURNALISTE MOZAMBIQUE Press

DIARIO PAIS

M. FERNADO SIDUMO JOURNALISTE MOZAMBIQUE Press

M. GIBERTO CHIRINDRA JOURNALISTE MOZAMBIQUE Press

EMERGING MARKETS

Observers Final List May 15, 2008 11:06 AM Page 91 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Ms. ANIS QIZILBASH PUBLISHER UNITED KINGDOM Press

Mr. THIERRY OGIER REPORTER UNITED KINGDOM Press

EUROMONEY MAGAZINE

Mr. MICHAEL DRAGOYEVICH PUBLISHER NESTOR HOUSE Press PLAYHOUSE YARD, EC4 SEX LONDON EC4V 5EX UNITED KINGDOM

EXPO VISIONS

M. JULLIOT LUDOVIC TECHNICIEN FRANCE Press

FEDERAL MINISTRY OF FINANCE

M. MATHIAS ADEH OKWE JOURNALISTE PLOTS 745 & 746 MINISTERIAL ZONE Press AHMADOU BELLO WAY P.M.B. 14 ABUJA NIGERIA

Mr. SHEHU MAIKAI JOURNALIST PLOTS 745 & 746 MINISTERIAL ZONE Press AHMADOU BELLO WAY P.M.B. 14 ABUJA NIGERIA

Observers Final List May 15, 2008 11:06 AM Page 92 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. MICHAEL O. REIS JOURNALISTE PLOTS 745 & 746 MINISTERIAL ZONE Press AHMADOU BELLO WAY P.M.B. 14 ABUJA NIGERIA

M. JOHN OFIKHENUA JOURNALISTE PLOTS 745 & 746 MINISTERIAL ZONE Press AHMADOU BELLO WAY P.M.B. 14 ABUJA NIGERIA

M. OBI-IWUAGWU C. BENEDICTA JIOURNALISTE PLOTS 745 & 746 MINISTERIAL ZONE Press AHMADOU BELLO WAY P.M.B. 14 ABUJA NIGERIA

M. OGBA THOMPSON JOURNALISTE PLOTS 745 & 746 MINISTERIAL ZONE Press AHMADOU BELLO WAY P.M.B. 14 ABUJA NIGERIA

FINANCIAL TIMES

Ms. CHARLOTTE LLOYD ASSOCIATE PUBLISHER UNITED KINGDOM Press SA145 16/05/2008 15:55

Mr. SIMON BLACKMORE ASSOCIATE PUBLISHER UNITED KINGDOM Press

GABINFO

Observers Final List May 15, 2008 11:06 AM Page 93 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. TUNIA MACUACUA JOURNALISTE MOZAMBIQUE Press

M. MANUEL ZAVALA JOURNALISTE MOZAMBIQUE Press

M. ORLANDO GAMBETA JOURNALISTE MOZAMBIQUE Press

M. MARIO FIOSSE JOURNALISTE MOZAMBIQUE Press

Ms. GILDA HUGO JOURNALISTE MOZAMBIQUE Press

GERMAN PRESS AGENCY - DPA

M. MUCARI MANUEL FLORIANO JOURNALISTE MOZAMBIQUE Press

GM NOTICIAS

Observers Final List May 15, 2008 11:06 AM Page 94 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. GIL FABIAO LAURICIANO JOURNALISTE MOZAMBIQUE Press

M. D'OLIVEIRA ABNILDO JOURNALISTE MOZAMBIQUE Press

GRAPHIC COMMUNICATION GROUP

Mr. EVANS LLOYD JOURNALIST P.O.BOX 742 ACCRA Press GHANA

INFORMANDO

M. GILDO MUGABE JOURNALISTE MOZAMBIQUE Press

JEUNE AFRIQUE

M. SAMIR GHARBI REDACTEUR EN CHEF 57 bis, rue d'Auteuil Press 75016 Paris

SAA3145 17/05/2008 15:55 FRANCE

M. MARWANE BEN YAHMED EXECUTIVE DRECTOR FRANCE Press

Observers Final List May 15, 2008 11:06 AM Page 95 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: JORNAL MATINA

M. MUCHINE EMIDIO REPORTER MOZAMBIQUE Press

JORNAL MERCADOS

M. JOSINE ALCIDES HILARIO J. EDITOR MOZAMBIQUE Press

M. TEODOSIO LANGA J. JOURNALISTE MOZAMBIQUE Press

M. EMIDIO JOSINE REPORTER / PHOTOGRAPHE MOZAMBIQUE Press

JORNAL SUGESTAO

M. SERGIO A. MUNGUAMBE JOURNALISTE MOZAMBIQUE Press

LE POINT AFRIQUE

Observers Final List May 15, 2008 11:06 AM Page 96 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. JEAN NOEL WOUMO REPORTER PHOTOGRAPHE PARIS FRANCE Press 18/05/2008 00:00

LE SOFT

M. K. DOLAY TSIMANGA JOURNALISTE DEMOCRATIC REP. OF CONGO Press

M. JEROME SEKANA JOURNALISTE DEMOCRATIC REP. OF CONGO Press

LEAD AFRIQUE

M. MASS LÔ PRESIDENT SENEGAL Press

M. CHIOTHA SOSTEN S. DIRECTEUR LEAD AFRIQUE AUSTRALE MALAWI Press

M. CHEIKH TIDIANE NDIAYE REALISATEUR, PRODUCTEUR BP:3370 Press 54 Rue Carnot

SA 3145 17/05/2008 15:55 SENEGAL

Observers Final List May 15, 2008 11:06 AM Page 97 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mme FATOU FAYE JOURNALISTE, CHARGEE DE COMMUNICATION & BP:3370 LIAISON AVEC LES ASSOCIATIONS NATIONALES Press 54 Rue Carnot

SENEGAL

M. SERIGNE DRAME CAMERAMAN BP:3370 Press 54 Rue Carnot

TUNISIA

LUSA - AGENCIA DE NOTICIA DE PORTUGAL

M. PEDRO FIGUEIREDO JOURNALISTE MOZAMBIQUE Press

M. MANUEL MATOLA JOURNALISTE MOZAMBIQUE Press

M. JOSE PAULO MACHICANE JOURNALISTE MOZAMBIQUE Press

MAGAZINE INDEPENDENTE

M. DANIEL MAPOSSE JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 98 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. JOSE MATLOMBE JOURNALISTE MOZAMBIQUE Press

MARCHES TROPICAUX ET MEDITERRANEENS

M. FRANCOIS KATENDI EDITOR 190 BOULEVARD Press HAUSSMANN, PARIS FRANCE

MATALANA

M. JOSUÉ BLAISE MBANGA KACK JOURNALISTE BP 12348 Press Yaoundé

16/05/2008 00:00 CAMEROON

MEDIAFAX

M. FERNANDO MBANZE JOURNALISTE MOZAMBIQUE Press

M. WILLIAM MAPOTE JOURNALISTE MOZAMBIQUE Press

MINISTRY OF FINANCE & ECONOMIC PLANNING

Observers Final List May 15, 2008 11:06 AM Page 99 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. EDWARD NYARKO JOURNALISTE, GHANA TELEVISION P.O. BOX MB 40 ACCRA Press GHANA

Mr. MARK MUSAH AHMED JOURNALIST, GHANA TELEVISION P.O. BOX MB 40 ACCRA Press GHANA

NATION MEDIA GROUP LTD

Mr. FRED OLUOCH WRITER KENYA Press

NEW AFRICAN MAGAZINE

Mr. OMAR BEN YEDDER ASSOCIATE GROUP PUBLISHER 7 Coldbath Square Press London

16/05/2008 16:00 UNITED KINGDOM

NEWS AGENCY OF NIGERIA

Mr. ATITEBI TAJUDEEN SENIOR EDITOR NATIONALE THEATRE Press IGANWU LAGOS NIGERIA

NIKKEI

Observers Final List May 15, 2008 11:06 AM Page 100 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. HIDEMITSU KIBE CORRESPONDANT UNITED KINGDOM Press

NOTICIAS

M. PAULO DA CONCEICAO JOURNALISTE MOZAMBIQUE Press

M. TITOS MUNGUAMBE JOURNALISTE MOZAMBIQUE Press

M. DANIEL CUAMBE JOURNALISTE MOZAMBIQUE Press

M. CESAR BILA PHOTOGRAPHE MOZAMBIQUE Press

M. MONDLANE ANTONIO JOURNALISTE MOZAMBIQUE Press

ORGANISATION DE LA PRESSE AFRICAINE

Observers Final List May 15, 2008 11:06 AM Page 101 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. NICOLAS POMPIGNE-MOGNARD SECRETARY-GENERAL MCM - 1, rue du Grand Chene - Case 574 Press 1001 Lausanne

SWITZERLAND

PAMUZINDA

M. DANIEL MAKOKERA EXECUTIVE PRODUCER MOZAMBIQUE Press

M. SEAN O'NEILL PRODUCTION MANAGER MOZAMBIQUE Press

Ms. IMAN MULDOON PRODUCER MOZAMBIQUE Press

M. ALICIO MOIANA PRODUCTION ASSISTANT MOZAMBIQUE Press

M. ROBERT RAPELWANA CAMERAMAN MOZAMBIQUE Press

PONTO CERTO

Observers Final List May 15, 2008 11:06 AM Page 102 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. KELIX MASSUANGANHE JOURNALISTE MOZAMBIQUE Press

PRESIDENCE DE LA REPUBLIQUE DU CONGO

M. JEAN OBAMBI DIRECTEUR DE LA PRESSE PRESIDENTIELLE CONGO Press

M. JEAN CLAUDE NKOU DIRECTEUR DU SITE INTERNET NATIONAL CONGO Press

M. JOCELYN PATRIK GOMBET JOURNALISTE CONGO Press

M. PRUDENT LONDEBEYA O. JOURNALISTE CONGO Press

M. ARMEL MBOUSSA N. JOURNALISTE CONGO Press

Observers Final List May 15, 2008 11:06 AM Page 103 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. ARCENE NIAMBA JOURNALISTE CONGO Press

M. NORBERT NKOUKA CAMERAMAN CONGO Press

M. MICHEL KIBA PHOTOGRAPHE CONGO Press

PRESIDENCIA DA REPUBLICA

M. ARMANDO MUNGUAMBE JOURNALISTE MOZAMBIQUE Press

M. ELIDIO TEMBE JOURNALISTE MOZAMBIQUE Press

M. EZIDORIO RIBEIRO JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 104 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. E. LUCAS MONTEIRO CAMERAMAN OFFICIEL MOZAMBIQUE Press

M. FERNANDO TIMANE PHOTOGRAPHE MOZAMBIQUE Press

Ms. TERESA MACHAVA ASSISTANTE TECHNIQUE MOZAMBIQUE Press

M. JERONIMO NHAMUNZE CAMERAMAN MOZAMBIQUE Press

M. LUCAS J. COSSA PHOTOGRAPHE MOZAMBIQUE Press

PUNCH NEWSPAPER

Mr. ATSER GODWIN JOURNALIST NIGERIA Press

RABOLA CONCEPTS

Observers Final List May 15, 2008 11:06 AM Page 105 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. ABDUL-HAMEED O. A. JOURNALISTE MOZAMBIQUE Press

RADIO MOZAMBIQUE

Mr. EZEQUIEL MAVOTA RUA RADIO N° 2 MAPUTO 2000 Press MOZAMBIQUE

Mr. CUSTODIO RAFAEL RUA RADIO N° 2 MAPUTO 2000 Press MOZAMBIQUE

M. FLORINDO MICHONE JOURNALISTE RUA RADIO N° 2 MAPUTO 2000 Press MOZAMBIQUE

M. FAZENDA DIMANDE JOURNALISTE RUA RADIO N° 2 MAPUTO 2000 Press MOZAMBIQUE

M. BOAVENTURA P. MANDLHATE JOURNALISTE RUA RADIO N° 2 MAPUTO 2000 Press MOZAMBIQUE

Observers Final List May 15, 2008 11:06 AM Page 106 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. ANDRE LEVY JOURNALISTE RUA RADIO N° 2 MAPUTO 2000 Press MOZAMBIQUE

RADIO NIGERIA

Miss IDARA UKPANYANG SENIOR CORRESPONDENT NETWORK NEWS DIRECTORATE,FRCN HEADQUATERS Press RADIO HOUSE,GARKI 16/05/2008 00:00 NIGERIA

RADIO TELEVISION PORTUGUAISE

Ms. ANGELA CHIN REDACTEUR EN CHEF MOZAMBIQUE Press

M. CARLOS JOSSIA JOURNALISTE / REPORTER MOZAMBIQUE Press

M. ORFEU DE SA LISBOA JOURNALISTE MOZAMBIQUE Press

M. FERNANDO VICTORINO JOURNALISTE / REPORTER MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 107 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. GABRIEL DOS SANTOS OPERATEUR DE CAMERA MOZAMBIQUE Press

M. JACINTO M. BAI-BAI OPERATEUR DE CAMERA MOZAMBIQUE Press

M. ALEXANDRE ALFREDO AFU OPERATEUR DE CAMERA MOZAMBIQUE Press

M. PAULO NDJIVE OEPRATEUR DE CAMERA MOZAMBIQUE Press

RADIO TELEVISION SENEGALAISE

M. MAMADOU LO NDIEGUENE DIRECTEUR DE LA REDACTION RTS BP 1765 DAKAR Press SENEGAL 15/05/2008 00:00

M. SEYDINA OMAR GAYE REPORTER SENEGAL Press 16/05/2008 00:00

REUTERS

Observers Final List May 15, 2008 11:06 AM Page 108 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. CHARLES MANGWIRO JOURNALISTE MOZAMBIQUE Press

M. GRANT NEUENBURG PHOTOGRAPHER MOZAMBIQUE Press

REUTERS NEWS AGENCY

Mr. WENDELL ROELF CAPE TOWN CORRESPONDENT PO BOX 2662 JOHANNESBURG 2000 Observer SOUTH AFRICA SA 143 16/05/2008 11:40

Mr. GORDON BELL SENIOR FINANCIAL CORRESPONDENT PO BOX 2662 JOHANNESBURG 2000 Press SOUTH AFRICA 16/05/2008 11:40

RTI

M. HILAIRE ZON CAMERAMAN 08 BP 883 ABIDJAN 08 Press COTE D'IVOIRE TM 16/05/2008 07:00

SABC

Ms. MIRANDA STRYDOM PRESIDENTIAL CORRESPONDENT SOUTH AFRICA Press

Observers Final List May 15, 2008 11:06 AM Page 109 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. CHRISTOPHER O. MOKOBO POLITICAL REPORTER SOUTH AFRICA Press

Mr. THABO MODISE SENIOR CAMERAMAN SOUTH AFRICA Press

SAPA- SOUTH AFRICAN ASSOCIATION

M. FREDERICK KATERERE JOURNALISTE MOZAMBIQUE Press

SAVANA

M. EMIDIO BEULA JOURNALISTE MOZAMBIQUE Press

M. RUI LAMARQUES JOURNALISTE / REPORTER MOZAMBIQUE Press

M. JERONIMO MUIANGA PHOTOGRAPHE MOZAMBIQUE Press

SOICO TV

Observers Final List May 15, 2008 11:06 AM Page 110 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. BOAVENTURA MUCIPO JOURNALISTE MOZAMBIQUE Press

M. ZACARIA ERCILIO JOURNALISTE MOZAMBIQUE Press

M. SAMUEL CANDA OPERATEUR DE CAMERA MOZAMBIQUE Press

SOUTH AFRICA RESEARCH AND DOCUMENTATION CENTER

M. BAYANO VALY JOURNALIST / RESEARCHER MOZAMBIQUE Press

TELEVISION MOZAMBIQUE

M. AMAD ALI JOURNALISTE MOZAMBIQUE Press

M. JORGE VICTOR JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 111 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. CESAR FONTES JOURNALISTE MOZAMBIQUE Press

Ms. ANTONIA DOS SANTOS JOURNALISTE MOZAMBIQUE Press

M. MAMUDO MURIRICHO JOURNALISTE MOZAMBIQUE Press

M. LEORNADO COME JOURNALISTE MOZAMBIQUE Press

M. SERGIO PINTO JOURNALISTE MOZAMBIQUE Press

M. FEITO TUDE MALE JOURNALISTE MOZAMBIQUE Press

M. DOMINGOS LEAL JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 112 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Ms. IRENE JAMISSE JOURNALISTE MOZAMBIQUE Press

M. BARTOLOMEU DE OLIVEIRA JOURNALISTE MOZAMBIQUE Press

M. ONILIO CHIRINDZA JOURNALISTE MOZAMBIQUE Press

M. EDUARDO FERNANDO JOURNALISTE MOZAMBIQUE Press

M. MEQUE VALEMO JOURNALISTE MOZAMBIQUE Press

M. ARLINDO MENDES JOURNALISTE MOZAMBIQUE Press

M. MICHAQUE MAMBO JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 113 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. DAVID NHANTUMBO JOURNALISTE MOZAMBIQUE Press

M. BELMIRO AGUIAR JOURNALISTE MOZAMBIQUE Press

M. CLAUDINO FRECHAUTH JOURNALISTE MOZAMBIQUE Press

M. EUGENIO SULEMANEGY JOURNALISTE MOZAMBIQUE Press

M. MANUEL NHASSENGO JOURNALISTE MOZAMBIQUE Press

M. NOMEADO SALGADO JOURNALISTE MOZAMBIQUE Press

M. JOB MANOLA JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 114 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. JUCA VICENTE JOURNALISTE MOZAMBIQUE Press

M. MUSTAFO AFUGI JOURNALISTE MOZAMBIQUE Press

M. EDSON MAGAIA JOURNALISTE MOZAMBIQUE Press

M. CHUMA JUNIOR PRODUCTOR MOZAMBIQUE Press

M. PAULO CHAUQUE JOURNALISTE MOZAMBIQUE Press

M. ROSARIO SURAGE JOURNALISTE MOZAMBIQUE Press

M. FENIAS MANJATE JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 115 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. FRANCISCO ROIA JOURNALISTE MOZAMBIQUE Press

M. VALENTE DIMANDE JOURNALISTE MOZAMBIQUE Press

M. ANSELMO ZIMONE JOURNALISTE MOZAMBIQUE Press

M. VICTOR MAVIE JOURNALISTE MOZAMBIQUE Press

M. TOMAS ALMEDINO JOURNALISTE MOZAMBIQUE Press

M. MANUEL NGUENHA JOURNALISTE MOZAMBIQUE Press

M. ZACARIAS MABUI JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 116 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. MARCELINO CASTRO JOURNALISTE MOZAMBIQUE Press

M. FERNANDO MALALE JOURNALISTE MOZAMBIQUE Press

M. AMARILDO HO-POON JOURNALISTE MOZAMBIQUE Press

M. GABRIEL PALE JOURNALISTE MOZAMBIQUE Press

M. FALUSSO MARIO JOURNALISTE MOZAMBIQUE Press

M. ZACKY MUSSAGY JOURNALISTE MOZAMBIQUE Press

M. JOSE COSSA JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 117 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. MANUEL ANTONIO JOURNALISTE MOZAMBIQUE Press

M. SIMIAO PONGUANE JOURNALISTE MOZAMBIQUE Press

M. ARMINDO CHAVANA JOURNALISTE MOZAMBIQUE Press

M. ARNALDO BANDE JOURNALISTE MOZAMBIQUE Press

M. NELSON CAPOTE JOURNALISTE MOZAMBIQUE Press

Ms. ELISA MARTINS HEAD SELLS DEPARTMENT MOZAMBIQUE Press

M. ERNESTO ALAGE TECHNICIEN MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 118 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. DANIEL GUICOSSECOSSE JOURNALISTE MOZAMBIQUE Press

M. JEREMIAS NHANTUMBO JOURNALISTE MOZAMBIQUE Press

M. JACINTO AMARAL JOURNALISTE MOZAMBIQUE Press

Ms. NOÉMIA COSSA AGENT PUBLICITAIRE MOZAMBIQUE Press

THE AFRICA REPORT

M. NICHOLAS NORBROOK MANAGING EDITOR 57 bis Rue d'Auteuil Press Paris 75016

FRANCE

THE AFRICAN SUN TIMES

Ms. ADAM OUOLOGUEM BUREAU CHIEF USA Press

THE BANKER

Observers Final List May 15, 2008 11:06 AM Page 119 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. CHARLIE CORBETT ECONOMICS EDITOR Financial Times Press One Southwark Bridge

15/05/0008 00:00 UNITED KINGDOM

THE FINANCIAL GAZETTE

M. GIVEMORE NYANHI JOURNALISTE MOZAMBIQUE Press

TOUCHROADMEDIA

M. LI JIAN DIRECTOR CHINA Press

M. LI YUANYE CAMERAMAN CHINA Press

TV - MIRAMAR

Mr. SERGIO SITOE MOZAMBIQUE Press

M. CLAUDINA FUMO JOURNALISTE MOZAMBIQUE Press

Observers Final List May 15, 2008 11:06 AM Page 120 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

M. JORGE TSINENE JOURNALISTE MOZAMBIQUE Press

M. CLAUDIO LANGA OPERATEUR DE CAMERA MOZAMBIQUE Press

TV PRODUCER

Ms. CAROL PINEAU PRODUCER USA Press

YOBE INVESTMENT

M. HABIB OFAKHRI EDITOR IN CHIEF el manar ii Press 7 rue s b slimane

16/05/2008 00:00 TUNISIA

Total Number Medias 228 Total Number MEDIA 228

Observers Final List May 15, 2008 11:06 AM Page 121 of 161 MISCELLANEOUS INVITEES

Miscellaneous Invitees

Observers Final List May 15, 2008 11:06 AM Page 122 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: AFRICAN ECONOMIC RESEARCH CONSORTIUM

Prof. WILLIAM LYAKURWA EXECUTIVE DIRECTOR 3RD FLOOR, MIDDLE EAST BANK TOWERS BLD Observer P.O. BOX 62882 17/05/0008 10:00 NAIROBI 00200 KENYA

Mrs. JACQUELINE MACAKIAGE MANAGER - EXECUTIVE OFFICE 3RD FLOOR, MIDDLE EAST BANK TOWERS BLD Observer P.O. BOX 62882 17/05/0008 10:00 NAIROBI 00200 KENYA

AKINOLA AKINTUNDE & CO

Mr. AKINOLA AKINTUNDE EXECUTIVE CHAIRMAN 3, IDOWU TAYLOR STREET Observer VICTORIA ISLAND P.O. BOX 60339, IKOYI LAGOS NIGERIA

AMBASSADE D'ALGERIE

Amb. FOUAD BOUATTOURA AMBASSADEUR MOZAMBIQUE Observer

AMBASSADE DU SAHARA OCCIDENTAL

M. HAMMADI A. BREIKA PREMIER SECRETAIRE MOZAMBIQUE Observer

ASSOCIATION OF NIGERIAN DEVELOPMENT FINANCE INSTITUTIONS

Observers Final List May 15, 2008 11:06 AM Page 123 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. CYRIL OKOYE EXECUTIVE SECRETARY NACRDB BUILDING Observer NERDC ROAD LAGOS NIGERIA

BANCO MERCANTIL E DE INVESTIMENTOS

Mr. VENANCIO MACHUNGO DIRECTOR GERAL MOZAMBIQUE Observer

BANK INFORMATION CENTER

Mr. SOREN AMBROSE AFRICA PROGRAM MANAGER KENYA Observer 18/05/2008 00:00

COBRAMAR (PTY) LTD.

Mr. MICHEL THUYSBAERT MANAGING DIRECTOR GALE HOUSE Observer CORNER GALE AND DOVETON ROAD JOHANNESBURG 16/05/0008 12:00 SOUTH AFRICA

COMESA SECRETARIAT

Mr. KOMBO MOYANA EXECUTIVE SECRETARY P.O. BOX 30051 Observer LUSAKA ZIMBABWE

CONFEDERATION OF ASSOCIATION OF MOZAMBICAN ECONOMISTS

Observers Final List May 15, 2008 11:06 AM Page 124 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. SALIMO ABDULA PRESIDENT OF THE BOARD MOZAMBIQUE Observer

Mr. ORLANDO DA CONCEICAO EXECUTIVE DIRECTOR MOZAMBIQUE Observer

COOPERAZIONE ITALIANA

Mr. DARIO MILANO DIRECTOR - BUDGET SUPPORT MOZAMBIQUE Observer

CRIZEIRO ZUL

Mr. TOMAS MANHICANE DIRECTOR EXECUTIVO MOZAMBIQUE Observer

D.E.R. LTD.

Mr. IKECHI EMENIKE CHAIRMAN/ PUBLISHER 13JAMES ROBERTSON ST Observer P.M.B. 3112 SURULERE LAGOS NIGERIA

Mr. ADEMOLA BAKARE DIRECTOR LOGISTICS 13JAMES ROBERTSON ST Observer P.M.B. 3112 SURULERE LAGOS NIGERIA

Observers Final List May 15, 2008 11:06 AM Page 125 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mrs. THERESA OHALETE BUSINESS EDITOR 13JAMES ROBERTSON ST Observer P.M.B. 3112 SURULERE LAGOS NIGERIA

Mr. EMMANUEL OKAFOR CHIEF OPERATING OFFICER 13JAMES ROBERTSON ST Observer P.M.B. 3112 SURULERE LAGOS NIGERIA

Ms. NNENNA ONUOHA 13JAMES ROBERTSON ST Observer P.M.B. 3112 SURULERE LAGOS NIGERIA

Mr. ADEDAYO JOSIAH 13JAMES ROBERTSON ST Observer P.M.B. 3112 SURULERE LAGOS NIGERIA

DAHENG GROUP (BOTSWANA) PTY LTD.

Mr. LIESEN HE GENERAL MANAGER PLOT 20586 Observer BUILDING 1, BLOCK 3 GABORONE BOTSWANA

DEG - GERMANY

Mr. WINFRIED NAU FIRST VICE PRESIDENT Belvederestr. 40 Observer 50933 Cologne

13/05/2008 00:00 GERMANY

ECONOMIC POLICY RESEARCH CENTRE

Observers Final List May 15, 2008 11:06 AM Page 126 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. NYENDE MAGIDU RESEARCH FELLOW P.O. BOX 7841 KAMPALA Observer UGANDA 18/05/2008 00:00

ELECTRICIDADE DE MOZAMBIQUE

Mr. MARCELINO ALBERTO BOARD MEMBER MOZAMBIQUE Observer

EMBASSY OF BRAZIL

Amb. ANTONIO SOUZA E SILVA AMBASSADEUR MOZAMBIQUE Observer

EMBASSY OF CHINA

Mr. CHEN CHANGHE COUNSELLOR MOZAMBIQUE Observer

Mr. LIU GENGSHENG MOZAMBIQUE Observer

Mr. CHUANYOU CONG MOZAMBIQUE Observer

Observers Final List May 15, 2008 11:06 AM Page 127 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. LEI TONG LI COUNSELLOR MOZAMBIQUE Observer

EMBASSY OF FINLAND

Ms. LOTTA VALTONEN COUNSELLOR, BUDGET SUPPORT MOZAMBIQUE Observer

Ms. MARJANA PEKKOLA COUNSELLOR, RURAL DEVELOPMENT MOZAMBIQUE Observer

Ms. ALEXANDRA MARTINS PROGRAM OFFICER MOZAMBIQUE Observer

Ms. ERIKA AUER PROGRAM OFFICER MOZAMBIQUE Observer

EMBASSY OF IRELAND

Mr. PATRICK EMPEY HEAD OF COOPERATION MOZAMBIQUE Observer

EMBASSY OF MALAWI

Observers Final List May 15, 2008 11:06 AM Page 128 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. TIONE HENDERSON ANDSEN SECOND SECRETARY MOZAMBIQUE Observer

EMBASSY OF MAURITIUS

Mr. GEORGES ALAIN LARIDON AMBASSADOR MOZAMBIQUE Observer

EMBASSY OF PALESTINE

Amb. ADNAN ABUALHAYJAA AMBASSADOR MOZAMBIQUE Observer

EMBASSY OF PORTUGAL

Mr. FERNANDO CARVALHO HEAD OF COOPERATION MOZAMBIQUE Observer

Mrs. CRISTINA PUCARINHO COUNSELLOR MOZAMBIQUE Observer

EMBASSY OF SWITZERLAND

Observers Final List May 15, 2008 11:06 AM Page 129 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Amb. LITSCHER THOMAS AMBASSADOR MOZAMBIQUE Observer

EMBASSY OF THE FEDERAL REPUBLIC OF NIGERIA

Mr. SANI SAULAWA BALA CHARGE D' AFFAIRES 56 AVENUE TAHER BEN ACHOUR Observer MUTUELLEVILLE B.P. 272 16/05/2008 00:00 TUNIS TUNISIA

EMBASSY OF ZIMBABWE

Mr. AGRIPAH MUTAMBARA AMBASSADOR OF ZIMBABWE MOZAMBIQUE Observer

EMPRESA MOCAMBICAN DE SEGUROS

Mr. NELSON ANTONIO MANHICA AUDITOR MOZAMBIQUE Observer

FE SAMUELS GROUP

Mr. EMILE FONDERSON DIRECTOR MARBLE ARCH TOWER Observer 55 BRYANSTON STREET LONDON W1H 7AJ 14/05/2008 11:45 UNITED KINGDOM

Observers Final List May 15, 2008 11:06 AM Page 130 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. VICTOR ANJEH CONSULTANT MARBLE ARCH TOWER Observer 55 BRYANSTON STREET LONDON W1H 7AJ UNITED KINGDOM

FINPRO PROJECT ADVISORY SERVICES SOUTH AFRICA

Mrs. ANNELI VIRTANEN COUNSELLOR EMBASSY OF FINLAND Observer 12TH FLOOR, OFFICE TOWER P.O. BOX 786933 SANDTON CITY 2146 SOUTH AFRICA

FRONTIER ADVISORY

Mr. SIMON FREEMANTLE SENIOR MANAGER & HEAD OF AFRICA KILLARNEY 2041 Observer P.O. BOX 1884 JOHANNESBURG 16/05/2008 00:00 SOUTH AFRICA

GRUPO MBS

Mr. CLAUDIO MELO GENERAL MANAGER MOZAMBIQUE Observer

GUIZZETTI & ASSOCIATES (G&A)

Miss KARJA CARR PROGRAM MANAGER FOR AFRICA 927 15TH STREET NW Observer SUITE 1100 WASHINGTON, DC 20005 SA143 16/05/2008 11:40 USA

HARITH FUND MANAGERS

Observers Final List May 15, 2008 11:06 AM Page 131 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. TSHEPO MAHLOELE CHIEF EXECUTIVE OFFICER SOUTH AFRICA Observer

Mr. SOULEYMANE KEITA INVESTMENT DIRECTOR SOUTH AFRICA Observer

HEC MONTREAL

Mrs. FRANCINE SEGUIN PROFESSOR CANADA Observer

Mr. LAURENT SIMON PROFESSOR CANADA Observer

IBILE HOLDINGS LTD

Mr. BABATUNDE DUROSINMI-ETTI GROUP MANAGING DIRECTOR/CHIEF EXECUTIVE 62/64 CAMPBELL STREET Observer VICTORIA ISLAND LAGOS NIGERIA

Mr. ADEYINKA ONIGBANJO 62/64 CAMPBELL STREET Observer VICTORIA ISLAND LAGOS NIGERIA

INDEPENDENT REVIEW MECHANISM

Observers Final List May 15, 2008 11:06 AM Page 132 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Dr. MAARTJE VAN PUTTEN MEMBER INDEPENDENT REVIEW MECHANISM AFDB NETHERLANDS (the) Observer SA 145 20/05/2008 15:55

INSTITUTE FOR DEMOCRACY IN SOUTH AFRICA

Mr. GARY PIENAAR SENIOR RESEARCHER SOUTH AFRICA Observer 15/05/2008 00:00

INTELEC BAC

Mrs. TANIA MATSINHE CHIEF EXECUTIVE OFFICER MOZAMBIQUE Observer

Mrs. CATARINA DIMANDE DEPUTY CHAIRLADY MOZAMBIQUE Observer

INTERNATIONAL CONFERENCE ON THE GREAT LAKES REGION

Dr. CHALOKA BEYANI LEGAL ADVISER BUJUMBURA BURUNDI Observer

Observers Final List May 15, 2008 11:06 AM Page 133 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: INTERNATIONAL DEVELOPMENT RESEARCH CENTRE

Dr. BASIL JONES SENIOR PROGRAM SPECIALIST, GGP P.O. BOX 8500 OTTAWA, ON K1P 3H9 Observer CANADA KQ 440 16/05/2008 13:15

INVESTEC

Mr. ADEMOLA (ADE) ANIMASHAHUN MANAGING DIRECTOR INVESTEC BUILDING, Observer 36 HANS STRIJDOM AVENUE FORESHORE CAPE TOWN 8001 TBC 15/05/2008 00:00 SOUTH AFRICA

KADUNA HOTELS CO. LTD

Mr. MOHAMMED AWWAL HARUNA MANAGING DIRECTOR/CE NIGERIA Observer

LAGOS BUILDING INVESTMENT COMPANY LTD

Mr. ADEBAYO J. ADEOGUN ASSISTANT GENERAL MANAGER NIGERIA Observer

LEASING COMPANY OF NIGERIA

Mrs. R. C. OJI HEAD, FINANCE AND ADMINISTRATIVE LAGOS NIGERIA Observer

MACCAFERRI SA

Observers Final List May 15, 2008 11:06 AM Page 134 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. JORGE MARTINHO EXPORT MANAGER WESTMEAD, KWAZULU-NATAL Observer 3608 52-56 GOODWOOD ROAD P.O. BOX 15777 16/05/2008 00:00 DURBAN SOUTH AFRICA

MINISTERE DES FINANCES

Mr. ARSENE JACOBY SENIOR ADVISER 3, RUE DE LA CONGREGATION Observer LUXEMBOURG L-2931 LUXEMBOURG SA 145 15/05/2008 15:55

MUNICIPIO DA CIDADE DE MAPUTO

Mr. MONGUENE CANDEEIRO PRESIDENTE DO CONSELHO MUNICIPAL DE MANICA MOZAMBIQUE Observer

Mr. JORGE MACUACUA PRESIDENTE DO CONSELHO MUNICIPAL DO CHOKWE MOZAMBIQUE Observer

Mr. LOURENCO DA SILVA MACUL PRESIDENTE DO CONSELHO MUNICIPAL DE INHAMBANE MOZAMBIQUE Observer

Mr. ALBERTO ASSANE PRESIDENTE DO CONSELHO MUNICIPAL DE LICHINGA MOZAMBIQUE Observer

Observers Final List May 15, 2008 11:06 AM Page 135 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. LEONARD BIHONDO PRESIDENTE DO MUNICIPO DE MWANZA, TANZANIA MOZAMBIQUE Observer

Mr. ABDUL TUAIBO ADC DE SEXA O PRESIDENTE DO CONSELHO MUNICIPAL DE MAPUTO MOZAMBIQUE Observer

Mr. AUGUSTINE ODIPO PRESIDENT D'ASSOCIATION MOZAMBIQUE Observer

Mr. RICARDO GUIVERULA MOTORISTA MOZAMBIQUE Observer

Mr. EDUARDO ZAQUEU DIRECTOR MOZAMBIQUE Observer

Mr. HELDER PEREIRA OSSEMANE DIRECTOR DO CABINETE DE COMMUNICACAO MOZAMBIQUE Observer

Mr. LEONARD BOMBA EXPERT MOZAMBIQUE Observer

Observers Final List May 15, 2008 11:06 AM Page 136 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. SIMON MUNSCH REGIAO PAIS DE LA LOIRE, FRANCE MOZAMBIQUE Observer

Mr. ABDELMONNIME EL MADANI EXPERT MOZAMBIQUE Observer

Mrs. MARTA MAS HERRANZ CIDADE DE BARCELONA ESPANHA MOZAMBIQUE Observer 14/05/2008 00:00

Mr. FRANCOIS YATTA ESCRITORIOS DA UCLGA - ESPANHA MOZAMBIQUE Observer

Mr. ABDELKARIM BOUSSAMMA DIRECTOR PARA FINANCAS LOCAIS, TUNIS, TUNISIA MOZAMBIQUE Observer

Mr. THOMAS MEEKEL EXPERT MOZAMBIQUE Observer

Mrs. FATOUMATA DOUMBIA KONTE MAIRE DE BAMAKO 1 MOZAMBIQUE Observer

Observers Final List May 15, 2008 11:06 AM Page 137 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. JOSHUA MAGNUS NICOL PERITO DE FINANCAS LOCAIS , GANA MOZAMBIQUE Observer

Mrs. GLADYS GILLIAN TETTEH ADVISER NAADU MOZAMBIQUE Observer

Mr. ASSANE KHALIFA MBOUP SECRETAIRE GENERAL DES MAIRIES DU SENEGAL MOZAMBIQUE Observer

Mr. AHMED KALUNGA MWILIMA DEPUTY MAYOR MOZAMBIQUE Observer

NERFUND

Mr. RABIU U. MUHAMMAD EXECUTIVE DIRECTOR 1340 AMINU KANO CRESCENT Observer PMB 319 GARKI ABUJA NIGERIA

Mr. OYEDELE A. ADEYEMI DEPUTY GENERAL MANAGER 1340 AMINU KANO CRESCENT Observer PMB 319 GARKI ABUJA NIGERIA

PM GLOBAL INFRASTRUCTURE Inc.

Observers Final List May 15, 2008 11:06 AM Page 138 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. PER LJUNG CHAIRMAN & CHIEF EXECUTIVE OFFICER 5822 SONOMA ROAD Observer BETHESDA MD 20817 USA SA145 16/05/2008 15:55

PUBLIC INVESTMENT CORPORATION SOUTH AFRICA

Mr. BRIAN MOLEFE CHIEF EXECUTIVE OFFICER PIC BUILDING GLENFIELD OFFICE PARK Observer FAERIE GLEN PRETORIA SOUTH AFRICA

ROYAL EMBASSY OF NORWAY

Amb. THORBJOM AMBASSADOR GAUSTADSAETHER MOZAMBIQUE Observer

Ms. INGJERD HAUGEN FIRST SECRETARY MOZAMBIQUE Observer

ROYAL MINT

Mr. SIMON LAKE REGIONAL DIRECTOR OF SALES LLANTRISANT Observer PONTYLLUM MIDGLAMORGAN SA143 15/05/2008 11:40 UNITED KINGDOM

SA CAMBIOS

Observers Final List May 15, 2008 11:06 AM Page 139 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mrs. NHATITIMA EULALIA ADMINISTRATIVE MANAGER MOZAMBIQUE Observer

SNC LAVALIN

Mr. ROBERT G. BLACKBURN SENIOR VICE PRESIDENT CANADA Observer SA 143 16/05/2008 11:40

Mme FADIMA TOURE-DIALLO VICE-PRÉSIDENTE CANADA Observer SA 8291 16/05/2008 13:15

SOCIEDADE DE COMERCIO INTERNACIONAL DE BENS E SERVICOS

Mr. ALVARO MASSINGA MANAGING DIRECTOR MOZAMBIQUE Observer

SOUTHERN AFRICA ENTERPRISE DEVELOPMENT FUND

Mr. LAYN SAINT-LOUIS VIP & GENERAL COUNSEL INVESTMENT PLACE Observer 2ND AVENUE, HYDE PARK JOHANNESBURG 16/05/2008 00:00 SOUTH AFRICA

TOBAGO HOUSE OF ASSEMBLY

Observers Final List May 15, 2008 11:06 AM Page 140 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Hon. Dr. ANSELM LONDON SECRETARY OF FINANCE AND ENTERPRISE LOT #2 DEVELOPMENT Observer GLEN ROAD TOBAGO A319 16/05/2008 15:55 TRINIDA AND TOBAGO

TOUCHROAD INTERNATIONAL HOLDINGS GROUP

Mr. LIEHUI HE CHIEF EXECUTIVE OFFICER SUITE C, FLOOR 28 Observer N0. 58 XIN JINQIAO ROAD SHANGHAI 17/05/2008 10:00 CHINA

Miss YAN SHAN VICE MANAGING DIRECTOR SUITE C, FLOOR 28 Observer N0. 58 XIN JINQIAO ROAD SHANGHAI SA143 16/05/2008 12:00 CHINA

Miss WENJUN WANG SECRETARY TO GENERAL MANAGER SUITE C, FLOOR 28 Observer N0. 58 XIN JINQIAO ROAD SHANGHAI CHINA

TRUSTED SOURCES

Mr. GREGORY KRONSTEN DIRECTOR, AFRICA RESEARCH 48 CHARLOTTE STREET Observer LONDON W1T 2NS UNITED KINGDOM SA145 14/05/2008 15:55

UNIVERSITY OF CAPE TOWN

Prof. EDGAR PIETERSE DIRECTOR MOWBRAY Observer P.O. BOX 13230 CAPE TOWN 7705 SA1786 15/05/2008 16:30 SOUTH AFRICA

Observers Final List May 15, 2008 11:06 AM Page 141 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: VENTURE PARTNERS BOTSWANA

Mrs. DIPHUKA K. OSMAN MARKETING ASSOCIATE BOTSWANA Observer

Total Number Miscellaneous Invitees 109 Total Number MISCELLANEOUS INVITEES 109

Observers Final List May 15, 2008 11:06 AM Page 142 of 161 SEMINAR / WORKSHOP

Symposium

Observers Final List May 15, 2008 11:06 AM Page 143 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: AFRICAN RURAL AND AGRICULTURE CREDIT ASSOCIATION (AFRACA)

Ms. MBITA MARY NANDAZI SECRETARY GENERAL P.O. BOX 41378 NAIROBI 00100 Observer KENYA

BANQUE DE FRANCE

M. MICHEL CAMDESSUS SECRETAIRE GENERAL 39, RUE CROIX-DES-PETITS-CHAMPS Observer BP 140-01 75049 PARIS CEDEX 01 09-1060 SA 145 14/05/2008 15:55 FRANCE

CELLULE DE SUIVI DU PROGRAMME DE LUTTE CONTRE LA PAUVRETE

M. THIERNO SEYDOU NIANE COORDONNATEUR SENEGAL Observer

CITIES ALLIANCE

Mr. THIERRY PAULAIS CITIES ALLIANCE EUA USA Observer

CITIES ALLIANCE PAB

Hon. CLARE SHORT WESTMINSTER, HOUSE OF COMMONS Observer LONDON SW1 0AA UNITED KINGDOM

Observers Final List May 15, 2008 11:06 AM Page 144 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. JOSE FORJAZ AVENUE 24 JULHO Observer MAPUTO 67 MOZAMBIQUE

COMMUNITY ORGANISATION RESOURCES CENTER

Ms. PAULA ASSUBUJI PROJECT AND FINANCE COORDINATOR SOUTH AFRICA Observer

CONSELHO MUNICIPAL DA CIDADE DE MAPUTO

Mr. ENEAS DA CONCEICAO MAYOR OF MAPUTO COMICHE MOZAMBIQUE Observer

CORNELL UNIVERSITY

Prof. SANJIV M. KANBUR PROFESSOR 309 WARREN HALL Observer ITHACA NEW YORK 14853-7801 15/05/2008 00:00 USA

DEVELOPMENT POLICY CENTRE (DPC)

Prof. AKIN MABOGUNJE 13 OBA OLAGBEGI ROAD Observer G.P.O. BOX 2681 IBADAN 16/04/2008 00:00 NIGERIA

EMBASSY OF PORTUGAL

Observers Final List May 15, 2008 11:06 AM Page 145 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Amb. JOSE DE FREITAS FERRAZ SPEAKER MOZAMBIQUE Observer

LORD MAYOR

Mr. BERHANE DERESSA MAYOR P.O. BOX 2445 ADDIS ABABA Observer ETHIOPIA

PROJECT FINANCE AND BUSINESS ADVISORY SERVICES

Mr. ROLF B. WESTLING SENIOR ADVISER TUCHLAUBEN 12 TOP 26 Observer VIENNA A-1010 AUSTRIA

THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE (LSE) U.K.

Prof. JOSEPHINE DIANNE BEALL DIRECTOR, DEVELOPMENT STUDIES INSTITUTES HOUGHTON STREET Observer LONDON WC2A AE UNITED KINGDOM

Total Number Symposium 14 Total Number SEMINAR / WORKSHOP 14

Observers Final List May 15, 2008 11:06 AM Page 146 of 161 AFRICAN BUSINESS ROUND TABLE

NEPAD

Observers Final List May 15, 2008 11:06 AM Page 147 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: INTERNATIONAL NEPAD BUSINESS GROUP/ABR

Dr. KENNETH IFE POLICY ADVISER UNIT A2 Observer 788 HIGH ROAD LONDON N17 0DA KQ440 16/05/2008 13:15 UNITED KINGDOM

NEPAD SECRETARIAT

Mr. REATILE MOCHEBELELE ADVISOR: ENERGY, WATER AND SANITATION HALFWAY HOUSE Observer MIDRAND P.O. BOX 1234 SA145 16/05/2008 15:55 JOHANNESBURG 1685 SOUTH AFRICA

Total Number NEPAD 2 Total Number AFRICAN BUSINESS ROUND TABLE 2

Observers Final List May 15, 2008 11:06 AM Page 148 of 161 AM NATIONAL COMMITTEE & ADB MZFO STAFF

MOZAMBICAN OFFICIALS

Observers Final List May 15, 2008 11:06 AM Page 149 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: BANCO DE MOZAMBIQUE

Mr. WALDEMAR FERNANDO DE GENERAL MANAGER P.O. BOX 423 SOUSA AVENIDA 25 SETEMBRO 1695 Mozambican Officials MAPUTO MOZAMBIQUE

Mr. ANTONIO PINTO DE ABREU EXECUTIVE DIRECTOR P.O. BOX 423 Mozambican Officials AVENIDA 25 SETEMBRO 1695 MAPUTO MOZAMBIQUE

BANK OF MOZAMBIQUE

Mr. ELSA CHAMBAL HEAD OF DEPARTMENT B.P. 1697 MAPUTO Mozambican Officials MOZAMBIQUE

MINISTERIO DA EDUCACAO E CULTURA

S.E.M. AIRES BONIFACIO ALI MINISTRO MOZAMBIQUE Mozambican Officials

MINISTRY OF FINANCE

Mr. DOMINGOS MUCONTO PERMANENT SECRETARY B.P. 272 Mozambican Officials MAPUTO MOZAMBIQUE

Observers Final List May 15, 2008 11:06 AM Page 150 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. PAULO BERNARDO MANHIQUE PERMANENT SECRETARY B.P. 272 Mozambican Officials MAPUTO MOZAMBIQUE

Mr. VALERIANO DA CONCEICAO VICE PRESIDENT - INE B.P. 272 LEVENE MAPUTO Mozambican Officials MOZAMBIQUE

Mr. MANUEL DA COSTA GASPAR VICE PRESIDENT - INE B.P. 272 Mozambican Officials MAPUTO MOZAMBIQUE

Mr. MARTINHO FERNANDES PRESIDENT - FARE B.P. 272 Mozambican Officials MAPUTO MOZAMBIQUE

Mr. AUGUSTO SUMBURANE DIRECTOR B.P. 272 Mozambican Officials MAPUTO MOZAMBIQUE

Mrs. ISABEL SUMAR DEPUTY DIRECTOR B.P. 272 Mozambican Officials MAPUTO MOZAMBIQUE

MINISTRY OF PLANNING AND DEVELOPMENT

Observers Final List May 15, 2008 11:06 AM Page 151 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. ANTONIO DE CARVALHO TRANSLATOR AVENUE AHMED SEKOU TOURE N° 21 Mozambican Officials 4° ANDAR P.O. BOX NR 272 MAPUTO MOZAMBIQUE

Mr. ANTONIO SOUSA CRUZ DIRECTOR AVENUE AHMED SEKOU TOURE N° 21 Mozambican Officials 4° ANDAR P.O. BOX NR 272 MAPUTO MOZAMBIQUE

Mr. ABILIO ARMANDO GUNE DEPUTY DIRECTOR AVENUE AHMED SEKOU TOURE N° 21 Mozambican Officials 4° ANDAR P.O. BOX NR 272 MAPUTO MOZAMBIQUE

Total Number MOZAMBICAN OFFICIALS 14

Observers Final List May 15, 2008 11:06 AM Page 152 of 161 AM NATIONAL COMMITTEE & ADB MZFO STAFF

Annual Meetings National Committee

Observers Final List May 15, 2008 11:06 AM Page 153 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: MINISTRY OF FINANCE

Mr. CONSTANTINO GODE ADVISER TO MINISTER B.P. 272 Annual Meetings National Committee MAPUTO MOZAMBIQUE

Mr. RAFIQUE JUSSOB DIRECTOR - CPI B.P. 272 Annual Meetings National Committee MAPUTO MOZAMBIQUE

Mr. MUSSA USMAN DEPUTY DIRECTOR - CPI B.P. 272 Annual Meetings National Committee MAPUTO MOZAMBIQUE

Mr. CARLOS COMISSAL ASSISTANT TO THE MINISTER B.P. 272 Annual Meetings National Committee MAPUTO MOZAMBIQUE

MINISTRY OF PLANNING AND DEVELOPMENT

Mr. PAULO FUMANE DIRECTOR AVENUE AHMED SEKOU TOURE N° 21 Annual Meetings National Committee 4° ANDAR P.O. BOX NR 272 MAPUTO MOZAMBIQUE

Mr. PAULO RAVIUA MANUEL AVENUE AHMED SEKOU TOURE N° 21 Annual Meetings National Committee 4° ANDAR P.O. BOX NR 272 MAPUTO MOZAMBIQUE

Observers Final List May 15, 2008 11:06 AM Page 154 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. LOURENCO SAMBO ADVISER TO MINISTER AVENUE AHMED SEKOU TOURE N° 21 Annual Meetings National Committee 4° ANDAR P.O. BOX NR 272 MAPUTO MOZAMBIQUE

Ms. TERESA MARTINS ASSISTANTE TO THE MINISTER AVENUE AHMED SEKOU TOURE N° 21 Annual Meetings National Committee 4° ANDAR P.O. BOX NR 272 MAPUTO MOZAMBIQUE

Mr. RUI MAPATSE AVENUE AHMED SEKOU TOURE N° 21 Annual Meetings National Committee 4° ANDAR P.O. BOX NR 272 MAPUTO MOZAMBIQUE

TELECOMMUNICATION OF MOZAMBIQUE

Mr. JOSE SIMAO ENGINEER MOZAMBIQUE Annual Meetings National Committee

Total Number Annual Meetings National Committee 10

Observers Final List May 15, 2008 11:06 AM Page 155 of 161 AM NATIONAL COMMITTEE & ADB MZFO STAFF

ADB MZFO STAFF

Observers Final List May 15, 2008 11:06 AM Page 156 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: ADB MOZAMBIQUE REGIONAL FIELD

Ms. WILLYE MAI-KING COUNTRY PROGRAM OFFICER MOZAMBIQUE ADB MZFO Staff

Mr. JOAO MABOMBO INFRASTRUCTURE SPECIALIST MOZAMBIQUE ADB MZFO Staff

Mr. CESAR TIQUE AGRICULTURE AND RURAL DEVELOPMENT SPECIALIST MOZAMBIQUE ADB MZFO Staff

Mr. CARLOS LAISSE WATER AND SANITATION CONSULTANT MOZAMBIQUE ADB MZFO Staff

Ms. YOLANDA ARCELINA SOCIAL SECTOR SPECIALIST MOZAMBIQUE ADB MZFO Staff

Ms. MOTSELISI LEBESA INFRASTRUCTURE SPECIALIST MOZAMBIQUE ADB MZFO Staff

Total Number ADB MZFO STAFF 6

Observers Final List May 15, 2008 11:06 AM Page 157 of 161 AM NATIONAL COMMITTEE & ADB MZFO STAFF

Under Contract / Contractuel

Observers Final List May 15, 2008 11:06 AM Page 158 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour: ADB MOZAMBIQUE REGIONAL FIELD

Ms. ANA PAULA SANTOS MANUEL LOGISTIC ASSISTANT MOZAMBIQUE Contract

Ms. REINALDA ARONE NHABETE LOGISTIC ASSISTANT MOZAMBIQUE Contract

Mr. YOSSUF BAGASSE LOGISTIC ASSISTANT MOZAMBIQUE Contract

Ms. JULIA TATIANA WACHAVE LOGISTIC ASSISTANT MOZAMBIQUE Contract

Ms. DAVIDIA MUHATE LOGISTIC ASSISTANT MOZAMBIQUE Contract

Ms. MADALENA LUIS LOGISTIC ASSISTANT MOZAMBIQUE Contract

Observers Final List May 15, 2008 11:06 AM Page 159 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. ARELIO ADELINO BERNARDO LOGISTIC ASSISTANT MOZAMBIQUE Contract

Ms. NATERCIA TEMBE LOGISTIC ASSISTANT MOZAMBIQUE Contract

Mr. HELDER SITOE LOGISTIC ASSISTANT MOZAMBIQUE Contract

Ms. CLAUDINA SITOE LOGISTIC ASSISTANT MOZAMBIQUE Contract

Ms. CELESTE SITOE LOGISTIC ASSISTANT MOZAMBIQUE Contract

Miss MUIDINI FRANCO COMMUNICATION ASSISTANT - MZFO COTE D'IVOIRE Contract

Ms. PAULINA PASSADES ADMINISTRATIVE ASSISTANT MOZAMBIQUE Contract

Observers Final List May 15, 2008 11:06 AM Page 160 of 161 Delegate name: Function / Fonction Address / Adresse Class: Hotel: Departure Flight / Date / Hour:

Mr. CELIO EDRIQUE SULEMANE ADMINISTRATIVE ASSISTANT MOZAMBIQUE Contract

Total Number Under Contract / Contractuel 14 Total Number AM NATIONAL COMMITTEE & ADB MZFO STAFF 44

Grand Total 740

Observers Final List May 15, 2008 11:06 AM Page 161 of 161