G-20

Pittsburgh G20 Summit: Multilateral Developments Bank are More Needed than Ever

Africa’s development has changed dramatically over the last two years. The demand for AfDB’s resources is at its peak and the imperative for effectiveness has never been greater, and hence the need for strong development banks.

On September 25, 2009, the G20 summit ended in Pittsburgh with an agreement to revive the global economy, establish rules on financial matters and promote a new governance system that would leave more space for developing countries.

AfDB Launches Campaign to Hold an Upcoming G20 Summit in Africa

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President Kaberuka on the BBC

On 24 September 2009, Bank Group President, Donald Kaberuka, granted an interview to the BBC on the eve of the G-20 Summit in Pittsburgh. During the interview, Mr. Kaberuka provided details of his expectations of the meeting.

President Kaberuka at the University of Pittsburgh

Participating at a panel at the University of Pittsburgh, President Kaberuka stressed the need to support efforts in Africa to tackle the financial crisis. Read more

Africa's Plea for Poor to be Heard

Bank Group President, Donald Kaberuka, has welcomed the shift from G8 to G20. In an article published in the Financial Times, Mr. Kaberuka said the elevation of the G20 was "important and irreversible", but "the unfinished business is to ensure the interests of low-income countries are taken into account". "The representation of Africa has been a challenge," he added, with only South Africa in the G20 to represent the continent's 1bn people. He urged the G20 to bring in the most populous nations, including Nigeria and Bangladesh. Read the story

Recent G-20 related stories:

Pittsburgh, 24-25/9/2009-Pittsburgh G20 Summit: Multilateral developments bank are more needed than ever
London, 2/4/2009-G20 London Summit-Official Communiqué-Global plan for recovery and reform
London, 2/4/2009-The AfDB Group President, Donald Kaberuka, was on Thursday, April 2, 2009, a member of an African delegation invited to the G20 Summit in London under the auspices of the New Partnership for Africa's Development (NEPAD). The AfDB was instrumental in forging the African Position presented to the G20 Summit. Mr. Kaberuka was among guests received by Britain's Queen Elizabeth at Buckingham Palace.
London, 1/4/2009–President Kaberuka’s interview on CNBC Africa about the G20 Summit
London, 1/4/2009-Africa at the G20-Africa must be part of the global response to the crisis
Brussels, 31/03/2009-Statement by AfDB Development Research Director, Mr. Léonce Ndikumana-African Economies in Times of Economic Crisis: ..."It is imperative to increase resources to regional development banks in order to maintain national and regional investments by targeting, first and foremost, infrastructure development"..."It is absolutely indispensable to guarantee an equitable representation for Africa so that the continent’s voice can be heard and ensure it has a proper voting right within International Financial Institutions (IFIs) and major decision-making bodies in global institutions"...
Ethiopia, 12/03/2009-Committee of Ten Adopts Position for G20 Summit