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Statement by Dr. Akinwumi A. Adesina President, African Development Bank Group Korea-Africa Summit 4 June 2024 Seoul, Korea

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

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

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· Akinwumi Adesina Wiki · African Development Bank Group WikiStatement by Dr. Akinwumi A. Adesina President, African Development Bank Group Korea-Africa Summit 4 June 2024 Seoul, Korea

ContextStatement at the first Korea-Africa Summit in Seoul, before Korean and African leaders; the African Development Bank finances Africa's development and courts new partners.

Why it mattersAdesina asks Seoul to expand joint energy financing for the continent.

Problems raised
  1. Africa lacks energy investment.
  2. Growth must be shared and sustainable.
  3. Renewable projects need financing.
Solutions proposed
  1. Expand the Korea-Africa energy co-financing facility.
  2. Scale up Korean support to Africa.
  3. Build partnership for shared growth.
Read full speech on afdb.org ↗

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