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Speech Delivered by Dr. Akinwumi A. Adesina President, African Development Bank Group Special Event on EPSA-5 Signing Ceremony TICAD-8, Tunis, Tunisia 28 August, 2022

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

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

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· Akinwumi Adesina Wiki · African Development Bank Group WikiSpeech Delivered by Dr. Akinwumi A. Adesina President, African Development Bank Group Special Event on EPSA-5 Signing Ceremony TICAD-8, Tunis, Tunisia 28 August, 2022

ContextSpeech at the TICAD-8 signing ceremony for the fifth phase of the Japan-Africa private sector initiative in Tunis; the African Development Bank finances Africa's development with Japanese funds.

Why it mattersTokyo commits new money for African companies and better handling of public borrowing.

Problems raised
  1. African debt sustainability is at risk.
  2. Private sector needs finance.
  3. Debt management is weak.
Solutions proposed
  1. Sign a new private sector assistance agreement with Japan.
  2. Use Japanese funds for debt management.
  3. Support debt sustainability.
Read full speech on afdb.org ↗

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