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General Assembly of the Confindustria Assafrica & Mediterraneo - Speech delivered by Dr. Akinwumi A. Adesina President, African Development Bank Group - 30 January 2024

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

Summary written by Dark Majestic in its own words · topics: development and emerging economies

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· Akinwumi Adesina Wiki · African Development Bank Group WikiGeneral Assembly of the Confindustria Assafrica & Mediterraneo - Speech delivered by Dr. Akinwumi A. Adesina President, African Development Bank Group - 30 January 2024

ContextSpeech at the general assembly of Confindustria Assafrica & Mediterraneo, the Italian business association for Africa; the African Development Bank finances Africa's development and courts European investors.

Why it mattersAdesina presents guarantees to reduce the risks Italian investors see in Africa.

Problems raised
  1. Investors see high risks in Africa.
  2. Investible projects are hard to find.
  3. Political and price risks deter capital.
Solutions proposed
  1. Use partial risk and credit guarantees.
  2. Build co-guarantee platforms with partners.
  3. Prepare bankable projects for investors.
Read full speech on afdb.org ↗

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