The African Development Bank's Group Vision adopted by its Boards of Governors in 1999 was the product of extensive consultations with all stakeholders. In order to operationalize this Vision, the Boards of Directors approved a new organizational structure that became effective 1st January 2002 and have recently approved the Bank's First Strategic Plan for the Period 2003-2007.
ADB's 40th ANNIVERSARY
In connection with its 40th Anniversary Celebrations, the ADB is launching 2 international competitions targeting the public at large, with prizes from US$ 5,000 to US$ 40,000. The total prizes amount to US$ 125.000.
The prizes will award the three winners of each competition: Innovative Projects Competition (open to public at large) and Essay Writing Competition (open to high school and university students from member countries of the Bank Group).
The competition on innovative approaches is open to anyone with a viable idea that addresses the needs of the poor. The proposal should address needs for products or services in African countries, in any of the following areas: agriculture, small and micro-business, health, education, environment, infrastructure, including water and sanitation, energy and Information &Communications Technology (ICT).
The essay writing competition aims at promoting knowledge sharing among young scholars, and raising their awareness of any one of the following topical issues: migration (migrant workers' remittances and development in Africa), regional integration and development in Africa, gender and development in Africa, economic governance, a precondition for development: the African experience, market access for African products: actions to improve trading conditions.