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50th Anniversary Celebrations of the Arab Bank for Economic Development in Africa Remarks by Dr. Akinwumi A. Adesina President, African Development Bank Group 19 May 2024 | Riyadh, Kingdom of Saudi Arabia

· Akinwumi Adesina, President of the African Development Bank Group (International)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability, climate, energy and nature, public finances and debt

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· Akinwumi Adesina Wiki · African Development Bank Group Wiki50th Anniversary Celebrations of the Arab Bank for Economic Development in Africa Remarks by Dr. Akinwumi A. Adesina President, African Development Bank Group 19 May 2024 | Riyadh, Kingdom of Saudi Arabia

ContextRemarks in Riyadh at the 50th anniversary of the Arab Bank for Economic Development in Africa; the African Development Bank finances Africa's development with partner lenders.

Why it mattersAdesina calls for more Arab-African co-financing of development projects.

Problems raised
  1. Climate change hurts African economies.
  2. Geopolitical tensions and inflation slow growth.
  3. Debt is rising.
Solutions proposed
  1. Strengthen Arab-African financial cooperation.
  2. Co-finance development projects.
  3. Build on African economic resilience.
Read full speech on afdb.org ↗

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