|Approval Date||14 Dec 2020|
|Signature Date||03 Feb 2021|
|Planned Completion Date||31 Dec 2022|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
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.
Fragile States Facility
African Legal Support Facility (ALSF) ALSF
|Last Update||01 Dec 2021|