The New Development Bank in Africa: Mid‐term evaluation and lessons learned

Author:

Bradlow Daniel D.1ORCID,Masamba Magalie L.2ORCID

Affiliation:

1. Centre for Advancement of Scholarship University of Pretoria Pretoria South Africa

2. Centre for Human Rights University of Pretoria Pretoria South Africa

Abstract

AbstractThe New Development Bank (NDB) launched its first project in Africa on April 13, 2016, and on August 17, 2017, the Bank opened its Africa Regional Centre (ARC) in Johannesburg, South Africa. This article assesses the NDB's presence in Africa. It addresses the following questions: what role is the NDB playing in Africa? What is the ARC and why was its created? How well have the NDB and the ARC been performing? Have they delivered on their intended purpose? If the NDB or the ARC have not performed as well as hoped, or expected, what has stood in their way? We assess the NDB and the ARC within the context of the general experience of some of the projects that the NDB has been financing in Africa and determine whether there are lessons that can help the NDB as it expands further into the continent. The main policy recommendation is that the ARC be strengthened in ways that enhance the NDB's transparency and make it a truly new type of multilateral development bank.

Publisher

Wiley

Subject

Law,Management, Monitoring, Policy and Law,Political Science and International Relations,Economics and Econometrics,Global and Planetary Change

Reference25 articles.

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2. Gordhan P.(2016)2016 budget speech 24 February 2016 [online]. Available from:http://www.treasury.gov.za/documents/national%20budget/2016/speech/speech.pdf[Accessed 24 March 2022].

3. Kilian A.(2018)New Development Bank could fast‐track Africa infrastructure projects 8 March 2018 [online]. Available from:https://www.polity.org.za/article/new‐development‐bank‐could‐fast‐track‐africa‐infrastructure‐projects‐2018‐03‐08[Accessed 24 March 2022].

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5. Masamba M.&Buenaventura Goldman M.(2022a)Enhancing the New Development Bank's practice of information disclosure: a civil society perspective June 2022 [online]. Available from:https://www.oxfam.org.za/wp‐content/uploads/2022/06/oxfam‐ndb‐accountability‐discussion‐paper‐1‐web.pdf[Accessed 30 June 2022].

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