These all appear to be fine aspirations and new development funding is always to be welcomed, but it remains to be seen whether the ACGF will provide anything new.
One difference between the ACGF and many other World Bank funds and organisations is that money will be allocated purely as grants rather than loans.
Another change in strategy is the ACGF policy of targeting countries on the point of economic take off or at the time of a sharp turnaround in their fortunes.
The guidelines laid down and strategy designed for the operation of the fund are significant beyond the realm of the ACGF in that they give a clear indication of broader World Bank strategy on support for Africa.
Some governments may be reluctant to channel their own development spending through the ACGF but they may adopt many of the key tenets of its approach in their criteria for supporting projects.