African Union Peace Fund
Dr. Donald Kaberuka is former President of the African Development Bank Group and Chairman of the Board of Directors. He stepped down on September 1, 2015 after ten years, and is considered as one of the most transformational leaders at the Bank. During his tenure as President of the African Development Bank, Kaberuka bolstered its franchise value, tripled its capital from USD 30 billion to USD 100 billion, and doubled the bank’s portfolio to USD 12 billion per annum.
Kaberuka’s leadership was particularly characterized by a “big push” on infrastructure which accounted for 60% of Bank activities with total commitments of over USD 25 billion in transport, energy, water, urban development and IT. Under his leadership, the Bank led private sector and business development. In ten years, the Bank support to the private sector grew from USD 500 million to USD 2.8 billion per annum. He championed an inclusive growth agenda; promoted a strong link between security, development, and the environment, establishing a ring-fenced facility for conflict affected countries; and appointed an International High Level Panel on fragile states led by President Ellen Johnson Sirleaf of Liberia. He put in place an Africa Natural Resource Center and the African Legal Support Facility to support to African countries managing natural resource wealth.
Between 1997 and 2005, Kaberuka was Minister of Finance and Economic Planning for the Republic of Rwanda where he led the economic team with the government of Rwanda. In that capacity, he served as Governor for Rwanda for the International Monetary Fund and the World Bank. Prior to becoming Minister of Finance, Kaberuka worked in the private sector in the commodities business, including a term as Chief Economist of the Inter-African Coffee Organization.
He is a former Hauser Leader in Residence within the Center for Public Leadership at the John F. Kennedy School of Government at Harvard University (2015 – 2017). In January 2016, Kaberuka was appointed as the African Union High Representative for the Peace Fund; his mandate was expanded to include overall Financing of the Union in May 2017. He is also member of the Pan-African Advisory Team on African Union Reforms which is being led by President Paul Kagame of Rwanda.
Kaberuka is a member of several international panels on global finance and development issues. He co-chairs the Commission on State Fragility, Growth and Development with David Cameron and serves on the Board of the Rockefeller Foundation, the Mo Ibrahim Foundation, the Centre for Global Development and is a Senior Adviser to the global private equity firm, TPG/Satya, promoting investment in Africa. He also chairs the Global Advisory Council of the African Leadership University and is a member of Brookings Institution’s Africa Growth Initiative Distinguished Advisory Group.
Kaberuka 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.