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Remarks by Dr. Akinwumi A. Adesina President and Chairman, Boards of Directors, African Development Bank Group At the Signing Ceremony for Mandated Lead Arranger New Bishoftu Airport of Ethiopia Skylight Hotel Addis Ababa, Ethiopia

· 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 WikiRemarks by Dr. Akinwumi A. Adesina President and Chairman, Boards of Directors, African Development Bank Group At the Signing Ceremony for Mandated Lead Arranger New Bishoftu Airport of Ethiopia Skylight Hotel Addis Ababa, Ethiopia

ContextRemarks at a signing ceremony in Addis Ababa for the financing of Ethiopia's new Bishoftu airport; the African Development Bank finances Africa's development and works to close its infrastructure gap.

Why it mattersThe bank takes charge of gathering lenders for one of the largest aviation projects on the continent.

Problems raised
  1. Large infrastructure projects need financing.
  2. Ethiopia needs a new airport.
  3. Coordination of lenders is complex.
Solutions proposed
  1. Act as mandated lead arranger.
  2. Mobilise lenders for the Bishoftu airport.
  3. Support Ethiopia's infrastructure.
Read full speech on afdb.org ↗

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