The objective of the South-South Cooperation Trust Fund is to support African countries in mobilizing and taking advantage of development solutions and technical expertise available in the South. The Fund will also seek to promote South-South partnerships and knowledge sharing among MICs and between MICs and LDCs in Africa. The ultimate goal is to introduce and implement solutions in all the areas of focus that can actually have a high development impact.
AfDB's Partnerships and Cooperation Unit is responsible for managing the fund. The unit will issue a call for proposals for annual programming. An inter-departmental technical review committee, chaired by the head of the unit, will assess the technical and financial viability of all proposals. An oversight committee, consisting of representatives of contributing donors, will ensure the strategic orientation and overall policy governing the use of the fund through its annual meetings.
On a rolling basis.