The African Economic Research Consortium (AERC) is supported by donor governments, multilateral organizations, private foundations and international organizations. Representatives of some of these bodies form the Board of Directors, which is AERC’s apex governance body. The AERC Board is a mixed body of 5–18 directors appointed by donor organizations (institutional directors) and others (directors-at-large) appointed in their personal capacity on account of the expertise needed for the proper functioning of the Board. The Executive Director of AERC is an ex-officio member of the Board with vote. The Chair of the Programme Committee is an ex officio member without vote. The Board is responsible for setting broad policy, providing support for a multi-year programme of activities, and approving the annual programme of work and budget.
Members of the Consortium
Department for International Development (DFID)
Ministry of Foreign Affairs, Denmark (DANIDA)
Norwegian Agency for Development Cooperation (NORAD)
The AERC Central Bank Governors’ Forum*
The Bill & Melinda Gates Foundation
The National Treasury, Government of Kenya
Swedish International Development Cooperation Agency (SIDA)
US Agency for International Development (USAID)
The World Bank (IBRD)
Non-member funders
African Development Bank (AfDB)
African Capacity Building Foundation (ACBF)
German Academic Exchange Services (DAAD)
Global Development Network (GDN)
International Development Research Centre (IDRC)
International Fund for Agricultural Development (IFAD) through African Rural and Agricultural Credit Association (AFRACA)
United Nations World Food Programme (WFP)
*Individual member Central Banks are:
Banque de la République du Burundi
Bank of Ghana
Central Bank of Kenya
Banco de Moçambique
Reserve Bank of Malawi
Central Bank of Nigeria
National Bank of Rwanda
South Africa Reserve Bank
Bank of Tanzania
Bank of Uganda
Bank of Zambia
Reserve Bank of Zimbabwe
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