Multinational - Operational and financial support to the African Legal Support Facility (ALSF) under pillar iii of the Transition Support Facility (TSF) (AFDB-P-Z1-K00-112)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 14, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
African Legal Support Facility (ALSF)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 22.40 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 22.40 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Apr 13, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The African Legal Support Facility (ALSF) was established by the AfDB in 2008 following appeals by African Finance ministers for technical legal assistance in dealing with vulture funds and negotiation of complex commercial transactions. The ALSF provides legal advice and technical assistance in negotiation of complex commercial transactions, creditor litigation and capacity building to African countries. This proposal outlines justifications in support of the request from the ALSF for the Board of Directors of the African Development Bank and the African Development Fund to allocate UA 16 million to the ALSF, pursuant to the ADF-15 Report. These funds are strategically aimed at providing advisory services and capacity building initiatives considered to have the greatest impact to leverage and to allow eligible countries to use funds to finance assistance from ALSF. Working with the ALSF, ADF-15 will ensure relevant capacity and advisory support to ADF countries on complex commercial negotiations, including extractive industries' contracts, concessions and power purchase agreements. The programme will be implemented within 2 years. In order to meet the increasing demands of the RMCs, particularly in transition states, additional support will be solicited through ADF-16.

The project aims to enhance the legal capacity of Regional Member countries to negotiate fair and balanced contracts and commercial negotiations. Guided by its current Medium-Term Strategy 2018-2022 ("MTS"), the ALSF operations strengthen the member countries' legal expertise and negotiating capacities in matters pertaining to the following: (i) Debt management and vulture fund litigation; (ii) Natural resource and extractive industries management and contracting; (iii) Infrastructure and Public-Private Partnerships, including Power; (iv) Investment agreements; and (v) Related commercial and business transactions.

The direct beneficiaries of support are the Bank's regional member countries.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/

How it works

How it works