Donald Kaberuka

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Donald Kaberuka
Donald Kaberuka cropped.jpg
Kaberuka at the 2014 African Development Bank Annual Meeting
7th President of the African Development Bank
Incumbent
Assumed office
1 Sep 2005
Preceded by Omar Kabbaj
Rwandan Finance Minister
In office
1997–2005
Personal details
Born (1951-10-05) 5 October 1951 (age 63)
Byumba, Rwanda
Nationality  Rwanda
Alma mater University of Dar es Salaam
University of East Anglia (MPhil)
University of Glasgow (PhD)
Profession Economist

Donald P. Kaberuka (born 5 October 1951) is a Rwandan economist and the current President of the African Development Bank.[1]

Early life and career[edit]

Kaberuka was born in Byumba, Rwanda.[2] He studied at the University of Dar es Salaam as an undergraduate and obtained his MPhil in Development Studies from University of East Anglia in 1979. He received his PhD in economics from the University of Glasgow.[3]

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.[4]

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.[5] 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.

References[edit]

  1. ^ Xiaodan, Du. "Premier: China to continue assistance for African countries". Xinhuanet. Retrieved 11 April 2009. 
  2. ^ "Mr. Donald Kaberuka – Who's Who Profile". Africa Confidential. Retrieved 11 April 2009. 
  3. ^ "Leader Profile: Donald Kaberuka, President of the AfDB". Devex. Retrieved 4 February 2014. 
  4. ^ "Donald KABERUKA". Ideas 4 Development. Retrieved 11 April 2009. [dead link]
  5. ^ "Building Africa's Development Bank: Six Recommendations for the AfDB and its Shareholders". Center for Global Development. August 2006. Retrieved 11 April 2009.