Donald Kaberuka
Encyclopedia
Donald Kaberuka is a Rwanda
n economist and the current president of the African Development Bank
.
Kaberuka was born in Byumba
, Rwanda. He was educated at universities in Tanzania
and the United Kingdom and received a PhD degree in economics from the University of Glasgow
. He worked in banking and international trade for over a decade. In October 1997 he was appointed minister of finance and economic planning in Rwanda. Kaberuka served in that position for eight years, and is credited with helping to stabilize the Rwandan economy from the effects of the 1994 genocide. In July 2005, Kaberuka was elected president of the African Development Bank
(AfDB). He took office in September 2005.
Kaberuka leads an institution whose financial standing has been restored from the near collapse of 1995, but whose operational credibility remains a work-in-progress. A working group convened by the Center for Global Development, an independent Washington think tank, released a report in September 2006 that offered six recommendations for Kaberuka and the Bank’s board of directors on broad principles to guide the Bank’s renewal. The report contains six recommendations for management and shareholders as they address the urgent task of reforming Africa’s development bank. Prominent among the recommendations is a strong focus on infrastructure.
Rwanda
Rwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo...
n economist and the current president of the African Development Bank
African Development Bank
The African Development Bank Group is a development bank established in 1964 with the intention of promoting economic and social development in Africa...
.
Kaberuka was born in Byumba
Byumba
Byumba is a city in northern Rwanda, and is the capital of Gicumbi district and the Northern Province. It is home to an SOS Children's Village. The city lies 60 km north of the capital Kigali, and is not far from the border with Uganda....
, Rwanda. He was educated at universities in Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
and the United Kingdom and received a PhD degree in economics from the University of Glasgow
University of Glasgow
The University of Glasgow is the fourth-oldest university in the English-speaking world and one of Scotland's four ancient universities. Located in Glasgow, the university was founded in 1451 and is presently one of seventeen British higher education institutions ranked amongst the top 100 of the...
. He worked in banking and international trade for over a decade. In October 1997 he was appointed minister of finance and economic planning in Rwanda. Kaberuka served in that position for eight years, and is credited with helping to stabilize the Rwandan economy from the effects of the 1994 genocide. In July 2005, Kaberuka was elected president of the African Development Bank
African Development Bank
The African Development Bank Group is a development bank established in 1964 with the intention of promoting economic and social development in Africa...
(AfDB). He took office in September 2005.
Kaberuka leads an institution whose financial standing has been restored from the near collapse of 1995, but whose operational credibility remains a work-in-progress. A working group convened by the Center for Global Development, an independent Washington think tank, released a report in September 2006 that offered six recommendations for Kaberuka and the Bank’s board of directors on broad principles to guide the Bank’s renewal. The report contains six recommendations for management and shareholders as they address the urgent task of reforming Africa’s development bank. Prominent among the recommendations is a strong focus on infrastructure.