A new report by the African Development Bank makes concrete proposals for the establishment of a monetary union in the Common Market for Eastern and Southern Africa region (COMESA). In order to achieve greater macroeconomic convergence in the region, the “Facilitating Multilateral Fiscal...

Event: Luncheon for Members of the Diplomatic Corps accredited to New Delhi In today’s global economy we are all interrelated, interdependent. Decoupling is not possible. A 2% slowdown in the global economy implies a 1% decline in Africa’s annual growth. The ongoing crisis and concerns about...

In his welcoming remarks the Zambian Minister of Finance and National Planning Alexander Chikwanda commended African Development Bank President Donald Kaberuka for the support the Bank has provided since 1971 amounting to US $1.4 billion. The Minister also commended the Bank’s initiative and...

African Development Bank President Donald Kaberuka met with cooperating partners and ambassadors in Lusaka on December 21 to discuss development opportunities and challenges in Zambia. Kaberuka indicated that he particularly wanted to gain feedback on whether the new Bank Strategy was relevant...

African Development Bank President Donald Kaberuka said African countries have made great strides in growing their economies despite the global financial crisis during an official visit to Lusaka, Zambia, on December 19.   At the PTA Bank’s meeting of Governors in the Zambian capital,...

The Governor of the Bank of Zambia, Michael Gondwe, commended African Development Bank President Donald Kaberuka for his outstanding leadership and the Bank’s positive contribution to the economies of the continent. Gondwe’s comments came during a Bank of Zambia luncheon hosted in honour of...

On an official visit to Zambia, African Development Bank Group President Donald Kaberuka paid a courtesy call on Zambia’s Minister of Foreign Affairs, Given Lubinda, on December 20. The meeting was attended by the Deputy Minister of Foreign Affairs, Efron Lungu; Zambia’s Resident Representative,...

AfDB President, Donald Kaberuka, was a guest speaker at the Meeting of the Board of Governors of PTA Bank in Lusaka, Zambia, on 19 December, 2012. He was invited to provide his assessment of the global economy and Africa’s development. Although African economies are currently experiencing ...

Event: Meeting of the Board of Governors of PTA Bank You have requested me to share with you this evening our assessment of the global economy and Africa’s Development. Let me step back to that fatal date September 15 2008, when Lehman Brothers filed for Chapter 11 bankruptcy Protection: the...