Description:
Taxonomy Strategies is providing Business Classification Scheme consultant services for the African Development Bank (AfDB), a multilateral development finance institution. Our focus is to help the Bank implement a document and records management solution. One of the critical bottlenecks in international development is the appraisal and approval of projects. This involves the formation of teams and documentation of project development activities such as alignment with the Paris Climate Accords, gender equality and other Sustainable Development Goals. In developing countries, the size of projects varies widely, but the project budget is often smaller than in developed countries while the needs are greater. This adds up to more projects with smaller budgets that need to be on-boarded and managed. This results in the major documentation and disclosure challenge.