Malabo, Equatorial Guinea, 11 June 2019 — The African Legal Support Facility (ALSF) held it's 28th Management Board and 10th Governing Council meetings on 10 and 11 June 2019 respectively, on the margins of the 2019 African Development Bank Annual Meetings in Malabo, Equatorial Guinea. The members reviewed the 2018 activities of the ALSF and discussed the future of the organization.
After the Board’s approval, the Governing Council subsequently endorsed the 2018 Annual Report and the Audited Financial Statements as of December 2018. They also took note of a presentation of the Progress Report on Projects implemented in 2018 by the task manager.The reports will both be available on the ALSF website www.aflsf.org.
Concerning the implementation of ALSF projects, the members noticed the increased volume and the effectiveness of the Facility’s work. The Board and Governing Council members also recognized the growing demand for ALSF’s services; “in 2018, the Facility had 96 ongoing projects, mostly in the natural resources, infrastructure, power, and PPPs sectors”.
They emphasize the importance of the Facility in the years ahead. Board members encouraged the ALSF management to continuously be innovative and strategic, and focus on results of its operations, and new opportunities in the rapidly changing environments of its Regional Member Counties.
The Governing Council, thanked the outgoing Board members of the Management Board, the Chairperson, Dorca Auma Achapa and Prof. Dandi Gnamou for their dedication and an excellent contribution to the Facility. The two members will be completing three-year service on the Board in June 2019.
The ALSF team took the opportunity to engage in a number of bilateral talks with ministerial delegations from Regional Member Countries, donors, and partner international institutions during the week.
The African Legal Support Facility is an international organization hosted by the African Development Bank Group. The Facility is dedicated to providing legal advice and technical assistance to African countries in their negotiation of complex commercial transactions, creditor litigation, and other related sovereign transactions. The ALSF also develops and proposes innovative tools for capacity building and knowledge management.