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Speech Delivered by Dr. Akinwumi A. Adesina President, African Development Bank Group - Opening Speech, Donors Pledging Session African Development Fund’s (ADF) 16th Replenishment - 5 December 2022

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

Summary written by Dark Majestic in its own words · topics: financial stability, banking regulation and supervision, 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 - Opening Speech, Donors Pledging Session African Development Fund’s (ADF) 16th Replenishment - 5 December 2022

ContextOpening speech at the donors' pledging session for the 16th replenishment of the African Development Fund; the African Development Bank finances Africa's development and seeks grants for the poorest countries.

Why it mattersAdesina presents a debt action plan to donors.

Problems raised
  1. Debt vulnerabilities are rising.
  2. Governance and public finance are weak.
  3. Debt resolution is slow.
Solutions proposed
  1. Deliver the debt action plan.
  2. Strengthen governance and debt management.
  3. Work with the IMF and World Bank on the common framework.
Read full speech on afdb.org ↗

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