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Remarks by Dr. Akinwumi A. Adesina President, African Development Bank Group Plenary Session: Sovereign Wealth Funds 3 November 2022

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

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

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· Akinwumi Adesina Wiki · African Development Bank Group WikiRemarks by Dr. Akinwumi A. Adesina President, African Development Bank Group Plenary Session: Sovereign Wealth Funds 3 November 2022

ContextRemarks at a plenary session on sovereign wealth funds; the African Development Bank finances Africa's development and wants these funds invested in Africa.

Why it mattersAdesina invites state investment funds to back the continent, using guarantees to reduce risk.

Problems raised
  1. Private investment in Africa faces many risks.
  2. Institutional investors are hesitant.
  3. Capital markets are shallow.
Solutions proposed
  1. Use risk guarantee instruments.
  2. Engage sovereign wealth funds.
  3. Deepen Africa's capital markets.
Read full speech on afdb.org ↗

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