AfDB in Davos: Shaping Africa’s Development Agenda

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From: 25/01/2011
To: 29/01/2011
Location: Davos, Switzerland

Tunis, 25 January 2011–The African Development Bank (AfDB), a strategic partner of the World Economic Forum in Africa, will be in Davos, Switzerland, for the World Economic Forum Annual Meetings from 25-29 January 2011, to help shape Africa’s development agenda and “shared norms for the New Reality”.  

The Chief Operating Officer, Nkosana Moyo and the Chief Economist, Mthuli Ncube, will represent the Bank at the event. Three main topical issues will be addressed at the meetings: infrastructure-gap reduction, the growing importance of South-South cooperation, including the partnership with China and improvement of global governance.

As a prominent economic expert on Africa, Pr. Ncube was chosen in 2010 by the World Economic Forum to chair the Global Agenda Council on poverty and economic development. During this week’s sessions in Davos, he will stress the need to reduce Africa’s infrastructure gap to foster economic development as well as  outline possible innovative solutions.

The Emerging countries’ growing investments in Africa provide the continent with much needed finance, economic and technical know-how. Increasing South-South partnerships play a role in closing the infrastructure gap, especially with regards to China which is investing in the sector in 35 countries.

During a press conference chaired by the AfDB on Thursday the 27th of January, China, as a new development partner of Africa will be questioned, according to a Bank’s report to be released.

Furthermore, the Bank will play a prominent role in discussions on rebuilding global governance during the session on this specific topic. Discussions on the evolution of the G20, the effectiveness of international organizations and corporate global citizenship will provide greater insight on how to improve global governance institutions.

Davos will serve as unique platform for the Bank as Africa’s premier development finance institution to share views, information knowledge and expertise in defining policies for inclusive growth, support to G20 agenda and building a risk-response network to shape the global agenda on Africa.