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“We need a long-lasting solution to the crisis,” Says AfDB President to Diplomats Accredited to Tunisia

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Tunis, January 20, 2009 - In his New Year address to ambassadors of Bank Group member countries accredited to Tunisia as well as representatives of international organizations, the African Development Bank (AfDB) Group President, Donald Kaberuka, on Tuesday, January 20, 2009, in Tunis said Africa needed “a long-lasting solution to the crisis”.  We must ensure that the MDGs are reached, as well as the Copenhagen objectives on climate change and the Declarations of Paris, Accra and Doha on development aid”.
Mr. Kaberuka said that the Bank was not affected by the international financial crisis due to its risk management approach.
The recent adoption of the Bank’s 2008-2012 Medium-Term Strategy, which, “in this period of uncertainty will be the institution’s compass for the next five years,” he added. Within this framework, he continued, the AfDB would focus on growth, especially on national and regional infrastructure development, good governance, higher education and private sector development.  “We look forward to doing our best and to optimizing the resources which we use, while reinforcing co-operation and partnership with the donor community and development partners,” he said.

“By setting these priorities, we will remain focused on engines of growth in order to help African countries to reach the MDGs. Planning implies choosing and we have chosen our priorities,” he said.
For his part, the Tunisian Secretary of State at the Ministry of Foreign Affairs in charge of the Maghreb, Arab and African Affairs, Abdelhafidh Harguem, expressed satisfaction with the co-operation between the Bank and the region, underscoring the Bank’s exemplary contribution to development efforts in his country.

He stressed that the crisis called on African countries to coordinate their action. The Secretary of State also congratulated Mr. Kaberuka for his leadership, describing the Bank as “one of the independent sources of financing in Africa.” He added that his country was counting on the Bank's continued support. 

  • President Kaberuka’s Statement (Video/ Text)
  • Medium-Term Strategy 2008-2012

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