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3rd Consultative Meeting on ADF Replenishment takes place in Mali

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Malian President, Amadou Toumani Touré, on Thursday in Bamako, Mali, opened the Third Consultative Meeting on the Eleventh Replenishment of the African Development Fund (ADF) with senior government officials and members of the diplomatic corps in attendance. The meeting, which continued on Friday, brought together African Development Bank Deputies, led by the Coordinator of Governors of Member Countries, Sven Sandstrom; members of the High Level Panel, Executive Directors and the Bank Group’s Senior Management led by President Donald Kaberuka. Mali’s Minister of the Economy and Finance who also doubles as AfDB Governor for his country, Abou-Bakar Traoré, opened the stage by introducing the series of inaugural speeches. Speaking during the opening ceremony, Mr. Kaberuka indicated that the « ADF is a sustainable symbol of the cooperation between Africa and its partners." He added that the African Development Fund had a successful record in Africa and that it was playing its role in efforts aimed at reducing poverty in Mali, underscoring that he was "convinced that despite budgetary constraints and competition, the ADF will be successful in its quest for substantial replenishment in order to continue with its mission in Africa." The Malian President’s speech was preceded by a documentary which highlighted the ADF’s achievements in Mali, underscoring its impact on the lives of the people, especially in the rural areas.

In a speech which, in reality, was a strong testimony of the role the ADF had played in the socio-economic development of its member countries in general and Mali in particular, President Toumani Touré, expressed satisfaction that the "eleventh replenishment of the ADF is a great opportunity to express our gratitude to donors for the resources they have put at the disposal of the Bank for Africa’s development."

The Malian President also "hailed the remarkable work done by President Kaberuka since his election as Bank Group president, work that has been characterized by competence, rigor and determination." The meeting which was held behind closed doors ended on Friday.

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