'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

06Oct2014

Africa starts to become master of its own destiny

Africa’s economy has grown fourfold since the turn of the millennium, with sub-Saharan Africa outperforming the rest of the world in terms of economic growth and at long last banishing any doubts about the continent’s upward trajectory.


10Sep2014

Isolate Ebola, not the countries

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.


06Aug2014

Africa and America in Washington: How far have we got?

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.


14Nov2013

Getting it right in the Sahel

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.


25Sep2013

Multilateral aid for the 21st Century

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.


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