Bank Group President Addresses 12th AU Ordinary Summit

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Bank Group President, Donald Kaberuka, on Monday, February 9, 2009, in Addis Ababa addressed the 12th Ordinary Summit of the African Union on the theme: ‘Infrastructure Development in Africa, focusing on transport, energy and investment. Mr. Kaberuka said the full impact of the current global economic crisis was yet to be felt in Africa. He said the crisis would have an adverse effect on the financing of infrastructure projects on the continent and proposed ways in which the decline in funding could be mitigated.

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