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AfDB Participates in The Gambia’s 2008-2018 Reform Strategy Endorsement

14-Apr-2009 - The African Development Bank (AfDB) Group recently attended the endorsement of The Gambia’s 2008–2011 civil service reform strategy. The strategy was presented to the National Assembly by the country’s Vice President and Secretary of State for Civil Service, Isatou Njie-Saidy. The event was attended by members of the diplomatic corps accredited to The Gambia and representatives of the country’s development partners.

Bank Group and Zambia’s Ministry of Works Discuss Major Multinational Operation

14-Apr-2009 - On the sidelines of the North-South conference which recently took place in Lusaka, Zambia, the African Development Bank (AfDB) Group Vice President for Infrastructure,  Mandla Gantsho, recently met with officials of Zambia’s ministry of work to discuss a major multinational project. In line with one of the major themes of the North-South Conference, Mr.

Bank Group and Partner Launch Report on Budget Practices in Africa

14-Apr-2009 - Bank Group and Partner Launch Report on Budget Practices in Africa The first ADB-CABRI Report on Budget Practices and Procedures in Africa was officially launched by the AfDB director of governance, Gabriel Negatu, and the Executive Secretary of the Collaborative African Budget Reform Initiative (CABRI), Neil Cole, at the CABRI Annual Meeting in Dakar, Senegal, from April 7-9,  2009.

Boosting Domestic Revenues for Development: Bank Support to Tax Policy and Administration in Africa

14-Apr-2009 - Improving revenue administrations during times of economic downturn was one of the key challenges discussed at an international seminar on cooperation on tax policy and revenue administration in Fes, Morocco, from March 30-April 1, 2009. The seminar was organized by Morocco’s General Tax Administration and the OECD Center for Tax Policy. It brought together over 60 tax officials and representatives of international organizations from around the world, including the African Development Bank (AfDB) Group.

African Development Bank Initiative on Trade Finance

10-Apr-2009 - One of the first consequences of the global financial crisis has been the apparent drying up of liquidity in international markets which has, in turn, impacted adversely on the ability of banks to offer, inter alia, trade finance in emerging markets due to reduced appetite for risk and tighter liquidity management. Africa is not immune to such trends and as the crisis continues to spread, the ability to meet historical demand for trade finance is becoming increasingly challenging.

AfDB Workshop on Financial Crisis Takes Place in Tunis

10-Apr-2009 - A workshop organized by the African Development Bank (AfDB) Group on the theme: “Financial Crisis - Strategies for Mitigating its Impact in Africa” took place on Friday, April 10, 2009, in Tunis.  Presenting the one-day forum to participants, the AfDB Chief Economist, Louis Kasekende, urged participants to assess the impact of the financial crisis on African countries and to find possible solutions. 

AfDB Holds Workshop on Financial Crisis

08-Apr-2009 - Tunis, 8 April 2009–In continuation of its efforts to devise ways of mitigating the prevailing financial crisis, the Chief Economist’s Complex of the African Development Bank (AfDB) group will host a workshop on Friday, 10 April 2009 in Tunis, to explore ways of helping the institution’s member countries deal with crisis.

North-South Corridor Financing Conference Ends in Lusaka with Donors Pledging US$1.2 Billion

08-Apr-2009 - A two-day conference on the financing of North-South Corridor activities ended on April 7, 2009, in Lusaka, Zambia, with donors and development partners pledging some US$1.2 billion to fund the upgrading of road, rail, ports and energy infrastructure and to support the implementation of trade facilitation instruments. 

AfDB and Partners Attend North-South Corridor Financing Conference

06-Apr-2009 - AfDB President, Donald Kaberuka, attended in Lusaka, Zambia on April 6, 2009 a two-day high-level financing conference on the North-South Corridor. 

AfDB President Sees Impact of Financial Crisis in Zambia

06-Apr-2009 - The African Development Bank (AfDB) President, Donald Kaberuka, who arrived in Zambia on April 4, 2009, to attend a two-day COMESA-EAC-SADC high-level consultative meeting on the North-South Corridor visited two copp

AfDB President Lauds G-20 Summit

03-Apr-2009 - London, April 3, 2009 – African Development Bank (AfDB) Group President, Donald Kaberuka, has welcomed the outcomes of the G-20 Summit that ended in London on Thursday, April 2, 2009, saying they constituted an important step in the right direction.

Boosting domestic revenues for development

02-Apr-2009 - Bank support to tax policy and administration in Africa Improving revenue administrations during times of economic downturn was one of the key challenged discussed at an international seminar on cooperation on tax policy and revenue administration in Fes, Morocco from March 30th – April 1st 2009. The seminar was organized by the General Tax Administration of Morocco and the OECD Center for Tax Policy. It gathered over 60 tax officials and representatives of international organizations from around the world, including the AfDB.

Africa at the G20-Africa must be part of the global response to the crisis

01-Apr-2009 - The AfDB President is in London as part of a NEPAD high-level delegation invited to the G20 Summit. Key recommendations have been made to the G20 in a report by the Committee of African Finance Ministers and Central Bank Governors, established in March 2009 to monitor the crisis. The report states that previous, repeated, commitments to increase aid to Africa must be delivered quickly: speed of access is vital.

French Economist Underscores Role of Micro-finance in Efforts at Reducing Poverty

31-Mar-2009 - PlanetFinance President, Jacques Attali, on Monday, March 30, 2009, in Tunis, Tunisia, said that micro-finance could seriously help cushion the impact of the global financial crisis on Africa. Mr. Attali made the statement during a presentation chaired by the African Development Bank (AfDB) Group President, Donald Kaberuka. 

“Financial Crisis and the Role of Microfinance”–Presentation by Economist, Jacques Attali

30-Mar-2009 - French economist and micro-finance specialist, Jacques Attali, will on Monday, March 30, 2009, in Tunis make a presentation on the “Financial Crisis and the Role of Microfinance”.

Donor Workshop on African Bond Market

26-Mar-2009 - In collaboration with the Partnership for Making Finance Work for Africa, the African Development Bank (AfDB) Group will be hosting a donor workshop in Tunis, Tunisia, from March 30-31, 2009. The workshop has four key objectives: 

Africa Calls for Action at 5th World Water Forum

23-Mar-2009 - Istanbul, March 18, 2009–The Africa Regional Paper, delivered at the 5th World Water Forum by the African Development Bank (AfDB) Vice President, Mandla S.V. Gantsho, aims to articulate what it will take to address the pressing water and sanitation issues throughout Africa and calls for an increased commitment by all sectors to take immediate action. Mr. Gantsho’s paper is therefore a call for action.

Impact of the Crisis on African Economies–Sustaining Growth and Poverty Reduction, African Perspectives and Recommendations to the G20

19-Mar-2009 - On 12 November 2008, the Heads of the African Development Bank, the African Union and the United Nations Economic Commission for Africa convened a meeting of African Ministers of Finance and Governors of Central Banks in Tunis, Tunisia, to discuss Africa in the face of the global financial and economic crisis. The meeting created a Committee of Ten to take stock of the impact of the crisis on Africa and provide appropriate advice to African Heads of State.

Africa's Day at the 5th World Water Forum

19-Mar-2009 - Istanbul, March 19, 2009-Every region has its day at the 5th World Water Forum. Wednesday March 18, 2009 was Africa’s day. The African Region made its concerns known and encouraged its partners to support the continent’s water and sanitation development agenda move forward.

Press Conference from AfDB Vice President - “Africa must make greater investments in the water and sanitation sector”

19-Mar-2009 - On the sidelines of the 5th World Water Forum, the AfDB Vice President for Infrastructure, Mandla Gantsho, on March 19, 2009, held a press conference at the Istanbul Ceylan International Hotel in Turkey.