Summary
Date Posted: Wednesday, February 10, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
THE BANK
Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 81 member states, including 54 Regional Member Countries in Africa. The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely light up and power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the quality of life for the people of Africa .

THE POSITION:
Under the Supervision of the Division Manager, the Principal Disbursement Officer will;
• Ensure compliance with key fiduciary related articles in the Agreement Establishing the African Development Bank and Fund.
• Verify, process and approve disbursement requests of up to UA 1 million for loans/grants given by the institutions of the Bank Group or administered by the Bank on behalf of certain co-operative institutions, such as IFAD, OPEC Fund, JBIC, RWSSI, AWF etc. in accordance with the rules and procedures of the Bank Group. Manage the financial aspects of contracts approved by the country departments in connection with loans/grants authorized by the Bank Group institutions.
• Provide input into disbursement projections as needed with a view ensuring accurate income, cash flow plan and lending program projections.
• Assist and advise borrowers, executing agencies and various third parties on aspects of administration of loans and grants approved by the Bank Group institutions.
• Assist and advise Regional departments and other departments on issues relating to loan administration.

Job Skills: Not Specified

Job Qualifications: Not Specified

Job Education Requirements: Not Specified

Job Education Experience: Not Specified

Work Hours: 8

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Job application procedure
To apply please click here https://ldd.tbe.taleo.net/ldd03/ats/careers/requisition.jsp?org=AFDB&cws=1&rid=2273

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