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President Adesina leads Bank delegation to Nordic countries
A high level delegation from the African Development Bank delegation led by its President, Akinwumi Adesina, will early next week visit four Nordic countries as part of efforts to further accelerate the implementation of the High 5 operational priorities of its 10-Year Strategy. The Bank’s priorities are crucial in transforming the lives of African peoples, and are in line with the United Nations agenda on Sustainable Development Goals (SDGs) as well as the international development policy of the Nordic countries.
The visit, scheduled for February 25-28, 2018, will involve different meetings with top government officials and the private sector in Finland, Sweden, Norway and Denmark.
The Bank and its Nordic constituency share a long standing partnership. President Adesina is expected to share progress on the Bank’s institutional reform and lay the groundwork for a capital increase and seek the Nordic countries’ support.
During his visit to Helsinki, Finland on February 26, President Adesina will hold a bilateral meeting with Elina Kalkku, Under-Secretary of State Development Policy and Governor for her country in the Bank. The meeting will focus on the broader perspectives of Africa’s development and the Bank’s financial sustainability.
Adesina will on same day meet with the Minister for Trade and Development Cooperation, Anne-Mari Virolainen, and also participate in a round table on Finnish know-how in vocational training and digital learning.
In Stockholm, Sweden, the Bank’s delegation will meet with State Secretary for International Development Cooperation and Climate and Governor, Ulrika Modéer on the current Swedish development cooperation priorities in relation to Agenda 2030, Agenda 2063 and COP21. The meeting will also deliberate on the Bank’s future role in the global context.
A meeting with Fossil Free Sweden initiative, National coordinator Svante Axelsson will highlight how Sweden is moving from policy to implementation in order to achieve the goal of a fossil free society.
On Tuesday February 27, 2018 in Oslo, Norway, President Adesina will meet with Jens Frølich Holte, State Secretary, International Development (Governor the Bank ) to discuss the role of the African Development Fund (ADF) and the African Development Bank in the coming years and the need for its recapitalization.
The President wil also meet with Ambassador Knut Vollebæk (former Minister of Foreign Affairs) and then with Kjell Roland, Managing Director of Norfund (a private equity company established by the Norwegian Storting in 1997 and owned by the Norwegian Ministry of Foreign Affair). A separate meeting with the Norwegian Parliamentary Committee on Foreign Affairs and Defense will focus on Financing for Development: the Bank’s strategy for pursuing the “billions to trillions” agenda.
The President will on the same day deliver a speech at a private sector event organized by the Norwegian- African Business Association (NABA) on the economic outlook and investment opportunities for Norwegian companies in African markets.
On Wednesday, 28 February 2018, the delegation will move to Copenhagen, Denmark, where the President will have series of high-level meetings.
Adesina will meet with the Minister for Development Cooperation, Ulla Tørnæs, and State Secretary for Development Policy, Martin Bille Hermann, to discuss the Bank’s capital needs. The meeting will also explore the challenges and opportunities in ensuring inclusive growth and equality to a growing population in the African region.
The delegation will also meet with Permanent Under-Secretary of State Secretary on Foreign Affairs, Michael Starbæk Christensen to discuss Danish priorities across the multilateral development banks and the role of the multilateral system.
In a meeting organized by the Danish Ministry of Foreign Affairs and the Danish Investment Fund for Developing countries (IFU), President Adesina and the Bank’s delegation will meet with representatives of various Danish firms and highlight the work of the investment opportunities in Africa, including those involving the Bank. The Bank’s 2018 project pipeline alone stands at $15 billion.
The African Development Bank is based on the idea of cooperation and collective action among sovereign states in their mutual shared interests in better-shared global prosperity, and in particular, in Africa. The Bank has a deep understanding of the continent and maintains unrivalled relationships with its leaders in the public and private sectors, thereby making it the preferred and trusted partner of its regional member countries as well as other important partners, including the Nordic countries.