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Revolution and Libyan Crisis Triggers Tunisian Inflation, Says AfDB Report

25-Apr-2012 - The aftermath of the revolution in Tunisia and the Libyan crisis has had implications for inflation in Tunisia, according to a new study by the African Development Bank. In the study, from the AfDB’s Chief Economist’s department, the authors attempt to review the factors behind inflation in Tunisia during the early months of 2012. Over this period, year-on-year inflation rose to 4.9 percent in January and accelerated to 5.7 percent in February, compared to 3.5 percent over 2011.

Public Spending on AIDS Could Boost Southern African Economies, Reports AfDB

25-Apr-2012 - Southern African governments could use public spending in their battle against the extremely high rates of HIV/AIDS in their countries and still achieve a positive economic impact, argues a new paper from the African Development Bank (AfDB).

West African Countries to Stage One-Stop Border post Workshop in Burkina Faso

25-Apr-2012 - A workshop on how to boost intra-African trade through cutting border formalities will take place between 25 and 27 April in Ougadougou, Burkina Faso. The One-Stop Border Post Regional Workshop is organised by the West African Economic and Monetary Union (UEMOA), with financial and know-how support from the Japanese International Cooperation Agency. The Infrastructure Consortium for Africa (ICA), of which the African Development Bank is a member, is pleased to announce its participation and support for the event.

Le Bureau de la Banque en Algérie organise une consultation nationale sur la Stratégie à long terme de la Banque

25-Apr-2012 - La consultation nationale sur la Stratégie à long terme de la Banque (2013-2022) a eu lieu le dimanche 22 avril 2012, à Alger, au siège du Bureau de la Banque en Algérie. Organisée en étroite coordination avec le ministère des Finances, elle a enregistré une large participation des parties prenantes que sont les représentants des ministères, des opérateurs économiques publics et privés, les centres de recherche, ainsi que de la société civile.

Quantitative Easing has Positive Effect on Economic Growth, AfDB Seminar Hears

25-Apr-2012 - The African Development Institute (EADI) and the African Development Bank held a seminar in Tunis on 19 April on quantitative easing, a method of injecting money into the economy recently introduced by various central banks to deal with problems arising from the global financial crisis and resultant austerity programmes. The delegates at the seminar, entitled “The Domestic and International Effects of Quantitative Easing: Lessons from Japan.” generally agreed that the policy yielded positive outcomes in terms of restoring economic growth and...

AfDB supports 2012 World Malaria Day and its theme: "Sustain Gains, Save Lives: Invest in Malaria"

24-Apr-2012 - Malaria hits Africa the hardest. More than 80 percent of all malaria cases around the world each year occur in Africa, and the continent suffers more than 90 percent of the fatalities caused by the disease. Children are the most vulnerable of the deaths caused by malaria, 86 percent are among children under five.   Other vulnerable groups include pregnant women, people living with HIV/AIDs and victims of disasters. 

AfDB to hold follow-up workshop after 1st Africa Forum on STI

24-Apr-2012 - The African Development Bank is organizing a workshop  on 23 May to follow up from the recommendations of the Science, Technology and Innovation in Action parallel session on “eLearning, mLearning, eHealth and mHealth” stemming from the 1st Africa Forum on Science Technology and Innovation (STI).

Brazilian Development Bank President Visits AfDB to Explore Cooperation Opportunities

24-Apr-2012 - The president of the Brazilian Development Bank (BNDES), Luciano Coutinho, on a two-day visit to the African Development Bank (AfDB) in Tunis, said he was “very keen to understand how we can work together”. Mr Coutinho was speaking at a joint meeting of senior management from both banks on 26 April.  He and the AfDB president, Donald Kaberuka, who chaired the meeting, had earlier met in Davos in January 2012, and had agreed to have a follow-up discussion to explore cooperation possibilities.

AfDB calls for more Climate Financing to Africa at LEDS Partnership Meeting

23-Apr-2012 - The African Development Bank (AfDB) joined some 125 representatives from developed and developing countries, implementing organizations and multilateral institutions at the Low Emissions Development Strategies (LEDS) Collaboration in Action workshop from 20-23 March 2012 outside of London, UK to advance a collaborative community of practice focused on promoting the low emission development agenda around the globe.

Ethiopia and Mali set to Advance Renewable Energy Plans

23-Apr-2012 - Ethiopia and Mali are set to begin preparing renewable energy projects specified in their investment plan under the Scaling Up Renewable Energy Program in Low Income Countries (SREP) after successfully achieving investment plan endorsement from the SREP sub-committee at their meeting on 8 March 2012 in Nairobi, Kenya.  SREP is a program of the Climate Investment Funds (CIF) of which the African Development Bank (AfDB) is an implementing agency.

CSS Design Finalized for Climate-Sensitive Sectors

23-Apr-2012 - On 28 and 29 March 2012, the African Development Bank (AfDB), organized a workshop to inform staff on the final design of the Climate Safeguards System (CSS) and raise awareness on the benefit and application of the CSS for AfDB investments in climate-sensitive sectors: agriculture, infrastructure (roads), energy and water.

Africa Shares Lessons Learned (so Far) in Renewable Energy

23-Apr-2012 - Teams from Ethiopia, Kenya, Liberia, Mali, and Tanzania joined counterparts from around the world at the annual pilot countries meeting for the Scaling Up Renewable Energy Program in Low Income Countries (SREP) in Nairobi, Kenya from 5 to 7 March 2012.

Burkina Faso, DRC and Ghana Share Innovations in REDD+ Investments

23-Apr-2012 - On 2 and 3 April 2012, Burkina Faso, the Democratic Republic of Congo (DRC) and Ghana joined other countries from around the world participating in the Forest Investment Program (FIP) in Brasilia, Brazil, for their third annual FIP pilot countries meeting. They shared innovations in investments to reduce emissions from deforestation and forest degradation (REDD+) and discussed working with private sector, indigenous peoples and local communities. The meeting also offered an opportunity to advance the design and implementation of systems to...

Mozambique, Niger and Zambia Discuss Challenges of Climate Resilience Planning

23-Apr-2012 - Zambia hosted the annual pilot countries meeting of the Pilot Program for Climate Resilience (PPCR) on 12 to 13 March 2012.  Teams from Mozambique, Niger and Zambia joined counterparts from around the world in Livingstone, Zambia, to share lessons learned and best practices in developing strategic plans for climate resilience.

AfDB Launches Green Growth Seminar Series

23-Apr-2012 - On 13 March 2012 the African Development Bank (AfDB) launched a series of seminars to help Bank staff fully understand green growth and help define the Bank’s operational strategy in this area. The theme of the seminar was “Making green growth work for Africa - early lessons,” and it was presented by Dr Jens Riese, who oversees public sector work on green growth at the management consulting firm, McKinsey.

Le président Kaberuka félicite M. Macky Sall pour son élection à la présidence de la république et réaffirme l’appui de la BAD au Sénégal

20-Apr-2012 - Le président du Groupe de la Banque Africaine de Développement (BAD), M. Donald Kaberuka,  a réaffirmé l’engagement de son institution à accompagner les efforts et la vision stratégique du Sénégal, dans la lettre de félicitation adressée au président de la république, M. Macky Sall, au lendemain de son investiture. La première institution de financement du développement en Afrique lui apportera tout son appui dans le contexte actuel des défis économiques et sociaux.

Earth Day Celebrations 2012-AfDB salutes Earth Day and presses ahead for green economic growth in Africa

20-Apr-2012 - This year, Africa celebrates Earth Day on Sunday, 22 April, with an immense and deep sense of hope for a better future. Africa is now seen as a land of sunshine and hope. Over the last two decades, it has experienced tremendous progress in implementing tough economic reforms, strengthening governance and improving conditions for private sector development. Because of these reforms, Africa is enjoying the longest growth period since the mid-1980s.

Greening Africa’s Future - Carbon Market Actors Connect at the 4th Africa Carbon Forum

20-Apr-2012 - The 4th Africa Carbon Forum (ACF),opened its doors this week to more than 1,000 registered participants from across the world to foster a discussion on climate change and carbon finance in Africa. The message resonating this year from the Forum is that Africa represents a golden opportunity for a green future.   “The vast potential represented by African countries in the fight against climate change cannot be underestimated,” said Christiana Figueres, Executive Secretary of United Nations Framework Convention on Climate Change (UNFCCC).

AfDB’s Green Initiative Makes Large CO2 Cuts over Five Years

20-Apr-2012 - It is now five years since the African Development Bank (AfDB) embarked on its ‘Green Bank Initiative’ in 2007, with the aim of cutting the Bank’s impact on the environment in its daily operations, and now it is time to take stock of the results.

AfDB Delegation at World Bank IMF Spring Meetings

18-Apr-2012 - The African Development Bank Group’s (AfDB) delegation led by its President, Donald Kaberuka,  is attending this year’s World Bank and International Monetary Fund Spring Meetings taking place  in Washington DC. The AfDB delegation will discuss current global economic issues notably, the financial crisis and environmental problems and their impact on development and the global economy,.