President of the African Development Bank Group
Mr. Donald Kaberuka is the 7th elected President of the African Development Bank Group.
As President of the Bank Group, Mr. Kaberuka chairs the Boards of the African Development Bank and the African Development Fund, the soft loan arm of the Group.
Detailed biography:
Mr. Kaberuka was educated in Tanzania and the United Kingdom where he obtained his M Phil (Econ) and a PhD in Economics from Glasgow University in Scotland.
Since he became President of the African Development Bank in September 2005, Mr. Kaberuka has embarked on a series of reforms aimed at making the Bank more selective and efficient in its development program and its mission to alleviate poverty in Africa. Among notable changes at the African Development Bank since his tenure is greater emphasis on infrastructure and regional integration, a more vibrant private sector, and institutional production as well as dissemination of knowledge about Africa.
Donald Kaberuka served as Rwanda’s Minister of Finance and Economic Planning since 1997, and has been widely acknowledged as the country’s principal architect of the successful post-war reconstruction and economic reform program. He initiated and implemented major economic and governance reforms in the fiscal, monetary, budgetary and structural domains including independence of the Central Bank. These reforms resulted in the acclaimed recovery of the Rwandan economy, sustained growth; and enabled the country to benefit from debt cancellations under the Highly Indebted Poor Countries (HIPC) Initiative in April 2005.
Before joining the Rwandan cabinet, Mr. Kaberuka had vast experience in the banking industry, trade finance, international commodity business and development issues.
He is fluent in English, French and Swahili.
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