Minister Malusi Gigaba signs Host Country Agreement between African Development Bank and National Treasury, 18 Aug

Signing of a new host country agreement between the African Development Bank and National Treasury

Minister of Finance, Malusi Gigaba, and the President of the African Development Bank Group (AfDB), Dr Akinwumi Adesina, will sign a Host Country Agreement (HCA) of the Southern African Resource Centre on Friday, 18 August, 2017. In 2011, the AfDB indicated its desire to upgrade its regional office in Pretoria, to a Regional Resource Centre (Regional Hub) to enhance its activities in the Southern African region with a key objective of bringing the Bank’s expertise and responsibility for decision making closer to its clients. The number of Southern African countries serviced by the AfDB regional office increased from 6 to 12 countries including Sao Tome Principe.

The upgrade of the Bank’s regional office required that certain amendments be made to the current HCA. The completion of the new HCA will pave the way for the official launch of the Regional Resource Centre, in Pretoria by the President of the AfDB and the Minister of Finance as the Governor representing South Africa at the Bank, soon. Other Governors represented in the regional office will also be invited.

Source: Government of South Africa

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