AfDB Group Annual Meetings Hold in Maputo in Mozambique from May 14-15, 2008
Tunis, 19 February 2008 - The 43rd Annual Meetings of the Board of Governors of the African Development Bank (AfDB) and 34th Meetings of the Board of Governors of the African Development Fund (ADF) will be held in Maputo, Mozambique, from May 14-15, 2008.
The Meetings will be held on the theme, "Fostering Shared Growth: Urbanization, Inequality and Poverty", reflecting the Bank Group’s increasing focus on financing projects in areas such as agriculture, infrastructure, water and sanitation for balanced growth that benefit the population of beneficiary countries, especially women, the poor and vulnerable groups.
The meetings are the most important gathering of finance and development experts in Africa. Each year, the event brings together about 1,500 participants, including finance ministers and central bank governors from 77 Bank Group member countries, as well as key private sector players, development partners and civil society representatives.
The meetings will approve the Group’s 2007 Annual Report and balance sheet and endorse its activities and programmes for 2009.
These will be preceded by high level and thematic seminars, round tables and seminars on topical development issues and related challenges facing the Bank Group’s 53 Regional Member Countries.
Host, Mozambique, will be the first Lusophone African country to host the event. The country has consistently posted one of the strongest economic growths in Sub-Sahara Africa, and stands out as a good example of a country going through a successful post-conflict transition, with economic growth averaging 8% in the past 10 years, mainly driven by increased investments in mineral resources, industry, services, policy reform, pro-poor government expenditures and strong donor support.
"Our collaboration with the AfDB has been increasing since 1976. Mozambique benefited from 70 programmes in partnership with AfDB, mainly in areas such as infrastructure development, water, roads and energy to the tune of US$ 1.3 billion," Planning and Development Minister and AfDB Governor for the country, Aiuba Cuereneia, said during a recent visit to the Bank.
The Bank Group opened an Office in Maputo in February 2006 to facilitate and speed up its interventions in the country in particular and the region in general.
The 2007 Annual Meetings, which took place in Shanghai, China, from May 16-17, were attended by a record 2,500 participants.