GLF welcomes DONALD KABERUKA as new Member
Rwanda, Finance Minister 1997-2005
President of the African Development Bank 2005-15
Having led Rwanda’s post-war economic reconstruction, Donald Kaberuka then served two terms as President of the African Development Bank. During a time of great historic change in Africa he led the AfDB on a series of reforms to successfully positioned the bank as a leading institution in Africa.
As President of the AfDB, Mr. Kaberuka pushed the bank to approve a ten year strategy focused encouraging private sector activity to absorb the 15 million young people that join the work force every year in Africa and programs that address the nexus of food, water and energy. To achieve these goals, the AfDB focused its strategy on Infrastructure Development, Regional Integration, Policy to Support and Enable Private Enterprise, Improved Governance and Skills and Technology Acquisition, and increased AfDB total public sector operations from $3.02 billion in 2005 to $5.14 billion in 2013 and private sector support from $257.4 million in 2005 to $1.62 billion in 2013. Mr.Kaberuka also launched a new fund called Africa50, which has a $10 billion capital target to mobilize private finance for African infrastructure projects.