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Opening Speech by Dr. Akinwumi A. Adesina President and Chairman, Boards of Directors The African Development Bank Group - Annual Meetings, African Development Bank Group - Nairobi, Kenya 29 May 2024

· 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 WikiOpening Speech by Dr. Akinwumi A. Adesina President and Chairman, Boards of Directors The African Development Bank Group - Annual Meetings, African Development Bank Group - Nairobi, Kenya 29 May 2024

ContextOpening speech at the bank's 2024 Annual Meetings in Nairobi, before Kenya's President and governors; the African Development Bank finances Africa's development and seeks reform of global finance.

Why it mattersAdesina points to Africa's economic resilience despite debt, climate and inflation shocks.

Problems raised
  1. Climate change weighs on Africa.
  2. Geopolitical tensions and inflation hurt growth.
  3. Rising debt strains budgets.
Solutions proposed
  1. Build on African economic resilience.
  2. Reform global financial architecture.
  3. Mobilise more finance for Africa.
Read full speech on afdb.org ↗

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