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AfDB-World Bank Study: The African Financial Sector Needs More Competition
06-Jun-2011 - To grow and improve its productivity, the African financial system needs more competition, say experts at the African Development Bank (AfDB) and the World Bank. In a book titled Financing Africa: Through the Crisis and Beyond, published by Making Finance Work for Africa, an organization hosted by the AfDB, experts argue that increased competition would promote financial innovation and the adoption of new products and new technologies; this would ensure better service to customers and an expansion of these services to new clienteles.
Delegates at AfDB Annual Meetings Seminar Press for a healthier Africa
06-Jun-2011 - “It’s time to change the health agenda in Africa,” urged Agnes Soucat, human development department director at the African Development Bank (AfDB). She was addressing participants at a seminar titled, “Beyond Aid: New Agenda for Health Fianancing”, at the 2011 Annual Meetings of the Bank in Lisbon, Portugal.AfDB Group Supports Côte d’Ivoire, Extends 77 Billion CFA for Reconstruction
04-Jun-2011 - Côte d’Ivoire has received significant financial support from the African Development Bank (AfDB). The country will benefit from a 77 billion CFA program (equivalent to 150 million dollars—from Africa’s premier development institution, allowing it to better restore basic social and administrative services. The Board of Executive Directors of the African Development Bank Group has approved these resources. The financing program is designed to provide a rapid response to Côte d’Ivoire’s pressing social needs, which will help promote social...
AfDB: good Investment Laws and Well-designed Social Security are Key to Inclusive Growth
31-May-2011 - The majority of Africa’s poor have not been positively impacted by the over flogged economic growth on the continent. Have they benefited from improvement of the so-called “Inclusive growth” in Africa, which is supposed to translate their economic situations into greater well-being? The issue is not seen as economic, but has also become a legal issue of basic rights. Inclusive growth was the theme of the Annual Meetings of the African Development Bank (AfDB) on 9 and 10 June 20Civil Society Organizations (CSO) Forum
31-May-2011 - The AfDB’s 2008-2012 Medium Term Strategy (MTS 2008-2012) mandated enhanced collaboration between the Bank and the civil society organizations (CSOs). The decision was based on the recognition that civil societies throughout the region have extensive experiences in their various relevant fields and can make valuable contributions to the Bank’s strategic objectives. Consistent with policy and guidelines for enhanced cooperation with CSOs, the Bank seeks to nurture and promote effective partnership with the CSOs.
Launching of the Publication on Providing Budget Aid in Situations of Fragility: A World Bank–African Development Bank Common Approach Paper
30-May-2011 - Is Budget Support in Situations of Conflict and Fragility Responsive?
AfDB Hosts Upcoming Events to Promote Climate-Smart Development in Africa
30-May-2011 - During the month of June 2011, the African Development Bank (AfDB) will host two major development forums with an eye to expanding support for green growth in Africa. First, the 2011 AfDB Annual Meetings from 6-10 June in Lisbon, Portugal will feature a number of events focusing on the Bank’s role in stimulating investment in low carbon development, climate finance and greening key sectors, particularly the energy sector.African Development Bank Extends USD500 million to Tunisia
30-May-2011 - Budget support loan to help post revolution transition The African Development Bank (AfDB) Board of Executive Directors today approved a USD500 million loan to support the Tunisian government in its post-revolution transition. Its goal is to help restore socio-economic stability in Tunisia and engender inclusive economic growth that benefits all Tunisians. This fast-disbursing emergency support programme, disbursed in a single installment, is a new approach that allows the African Development Bank to better respond to the emergency needs of...
Climate Change High on AfDB’s 2011 Annual Meetings Agenda
27-May-2011 - Delegates attending the 6-10 June Annual Meetings of the African Development Bank (AfDB) Group in Lisbon, Portugal, devoted considerable time and energy in discussions about climate change and efforts to address its impact on Africa. The first discussion on the subject on the theme, "Green Growth Now: an African Perspective," was be chaired by AfDB President, Donald Kaberuka, on 7 June.AU-UNECA and AfDB: Establishing a Knowledge Sharing Community of Practice on Land Policy
25-May-2011 - In today’s knowledge-driven economies, government and business depend largely on secure land policy to function efficiently. How can land policy play a more strategic role in Africa’s development in the face of threatening events political crises and conflicts? The Bank Group, on 18 and 19 May in Tunis, hosted a joint AU-UNECA and AfDB workshop on knowledge sharing community of practice (CoP) to improve networking, lesson learning and experience sharing on land policy in Africa.AfDB Emphasizes Inclusive Growth in North Africa
25-May-2011 - The African Development Bank (AfDB) Group has published an annual report for North Africa which highlights the importance of inclusive growth following recent changes in the region. Morocco, Egypt, Tunisia and Algeria are among the highest beneficiaries of AfDB operations.African Countries Credit Ratings: Key for Effective Resource Mobilization on International Capital Markets
24-May-2011 - Written by Aristide Ahouassou
Ivorian Leader Seeks to Benefit from AfDB Assistance and Rich Experience
23-May-2011 - President Alassane Ouattara spoke of the benefits of AfDB’s support and rich expertise gained over a long period on the African continent. The Ivorian Head of State met with the President of the African Development Bank, Donald Kaberuka, during his inauguration, the 21st May, 2011, in Yamoussoukro. "I always had faith in the AfDB, and I am looking forward to its support in this challenging phase", Mr. Ouattara said.The African Development Bank Strengthens Biodiversity Preservation
23-May-2011 - Conservation experts from the African Development Bank, development agencies, civil society, and regional governments met in Tunis, Tunisia on May 17-18, 2011 to identify and share trends and experiences to strengthen biodiversity conservation in Africa.South Sudan Seeks AfDB Membership
20-May-2011 - Tunis, 20 May, 2011 - The Government of Southern Sudan has formally applied for membership in the African Development Bank (AfDB) Group. The territory’s finance and economic planning minister, David Deng Athorbei, urged the institution to expedite action on the membership process, building on the positive and ongoing role the Bank Group is playing in South Sudan.