Delegates gather in Abidjan for AfDB’s 2015 Annual Meetings and Golden Jubilee

Election of Bank Group’s new President, commemoration of 50th Anniversary, formal admission of South Sudan as the Bank Group’s 80th member country

Delegates from across the globe will converge next week at the Annual Meetings of the African Development Bank Group (AfDB) taking place from May 25 to 29 in Abidjan, Côte d’Ivoire’s financial capital.

African countries reach tipping point as pilots for renewable energy, climate resilience and sustainable forests

At its governing body meetings last week, the $8.1 billion Climate Investment Funds (CIF) endorsed 9 African nations to serve as pilot countries for critical aspects of climate-smart development, with six pilot countries for climate resilience and three for sustainable forests.

AfDB approves US $70.5 million budget support operation for Tanzania energy sector

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, May 20, 2015, a loan of US $70.5 million to finance the Tanzania Power Sector Reform and Governance Support Programme (PSRGSP). The objective of the operation is to promote inclusive growth and enhanced economic competitiveness through power sector, economic and financial governance reforms. The loan agreement will be signed next week, on the margins of the Bank’s Annual Meetings in Abidjan.