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Speech by Dr. Akinwumi A. Adesina President, African Development Bank Group, Plenary Session: Economy. TICAD-8 - Saturday, August 27, 2022 Tunis, Tunisia

· 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 by Dr. Akinwumi A. Adesina President, African Development Bank Group, Plenary Session: Economy. TICAD-8 - Saturday, August 27, 2022 Tunis, Tunisia

ContextSpeech at the TICAD-8 plenary on the economy in Tunis; the African Development Bank finances Africa's development and works with Japan on investment.

Why it mattersAdesina calls for debt transparency as global rates rise.

Problems raised
  1. Fiscal deficits have increased.
  2. Debt service costs rise with global rates.
  3. Debt transparency is weak.
Solutions proposed
  1. Co-finance with Japan.
  2. Ensure debt transparency.
  3. Make the common framework succeed.
Read full speech on afdb.org ↗

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