'The sleeping giant' is on its way, and the African trajectory continues upward, with a young and dynamic population. In this occasional blog, I try and share some of the thoughts along the journey – my own, the Bank’s, the continent’s. Read More
Sep 10th 2014
At the end of last week I visited Liberia and Sierra Leone, two of the poorest countries in Sub Saharan Africa, and also the most affected by the Ebola outbreak. Ebola has taken over 1500 lives in West Africa, three-quarters of them in those two countries. And the pace appears to quicken: 40% of the cases have appeared in the last three weeks.
Aug 6th 2014
50 Africa leaders convene in Washington for a historic meeting with President Obama this week. Pedestrians and motorists caught up in the inevitable traffic jams around the White House may well be asking how far they have got, and where they are heading.
Nov 14th 2013
Last week I joined UN Secretary-General Ban Ki-moon, World Bank President Jim Yong Kim, African Union Commission Chair Nkosazana Dlamini-Zuma and EU Commissioner for Development Andris Piebalgs on a visit to the Sahel region.
Oct 7th 2013
There are well-worn arguments both about the potential of Africa’s exceptional natural wealth, and the reasons why it fails to deliver. The debate goes on, and intensifies with every new discovery – oil in Ghana, manganese in Gabon, coal in Mozambique, to name a few.
Sep 26th 2013
Five years ago, it was the multilateral development banks which played a critical role in tempering the worst effects of the global financial crisis, with counter-cyclical funding, liquidity support, trade finance and other instruments. The African Development Bank doubled its loans and grants between 2008 and 2009. Reflecting the key role that these banks played, the shareholders agreed to increase their capital base, and tripled it for the Asian and African Development Banks.