The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
The Bank’s private sector vision is based on a conceptual framework for development impact that links entrepreneurship, investment and economic growth with the Bank’s ultimate goal of poverty alleviation and sustainable growth.
A vibrant private sector is the engine of growth which, generates decent jobs and creates increased opportunities for more inclusive and green growth. The Bank Group therefore identifies private sector development as a core operation in the achievement of the five priority areas, referred as the high 5s.
The Private Sector has been assigned the responsibility of ensuring that the Bank is responsive to the private sector’s needs and to extend appropriate technical and financial support, within the general framework of assisting Regional Member Countries (RMCs) as they shift from state-controlled economies to private-led economies.
This emphasis on the pivotal role of the Private Sector has also been reaffirmed in all Bank policy documents. In sectors such as agriculture, infrastructure, education and health, the related policies recognize that the development of a strong and dynamic private sector is crucial to sustainable economic growth and poverty reduction.
In this context, the major challenges assigned by the Bank to its Private Sector are to: